Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Ethereum's $696M ETF Exodus Dwarfs the Foundation's $8M: Who's Selling?

Everyone's Blaming the Ethereum Foundation. The Real Sellers Are 87 Times Bigger. Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I have watched this market blame the same wallet for a month — and on Friday, November 13, the numbers finally proved the crowd wrong. Ethereum slipped back below $2,000, trading near $1,935 after touching an intraday low of $1,894, and the loudest story on crypto Twitter was the Ethereum Foundation selling another 2,000 ETH. It sounds damning. It is also, by the numbers, almost irrelevant. Here is the real story of this selloff: United States spot Ethereum ETFs dumped $695.9 million in November through November 11, while the Foundation-linked wallet sold about $8.03 million in the same month. That is not a rounding error. That is an 87-to-1 ratio. One side of this market is a rounding error. The other side is a landslide. So let me ask the question that actually matters: who is really selling Ethereum — and who, quiet...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Exploring the Fusion of Mainstream Finance and Politics: A Week in Crypto

This week saw a fascinating intersection of mainstream finance and political forces attempting to embrace the crypto ethos following the dramatic conclusion of the Bitcoin ETF saga. Here's a breakdown of the key events:

Wall Street Embraces Crypto Culture

  • Franklin Templeton's digital assets team took over the company's Twitter account, aiming to infuse youthful energy after the successful launch of spot Bitcoin ETFs.
  • Van Eck, another Wall Street firm with its own spot Bitcoin ETF, engaged in a playful exchange with Franklin Templeton using trendy crypto lingo.
  • While some crypto enthusiasts found the interaction exciting, others viewed it as somewhat cringe-worthy.

Crypto in the Political Spotlight

  • In the Republican presidential primary, crypto advocate Vivek Ramaswamy dropped out of the race and endorsed front runner Donald Trump.
  • Ramaswamy's endorsement raised hopes among crypto advocates that Trump might adopt a pro-crypto stance. Ramaswamy even suggested banning the creation of a CBDC to Trump.
  • Trump's subsequent pledge in New Hampshire to never allow a CBDC in the US potentially signaled the influence of crypto allies like Ramaswamy in his inner circle.

The convergence of finance and politics with the crypto world this week underscores the growing significance of digital assets in mainstream conversations.

Email Post

Comments

Post a Comment

Trending Stories