Ethereum News Update: Supporters Highlight Supercycle Potential While Skeptics Challenge Ethereum’s Practical Value
- Ethereum faced $1.42B ETF outflows in November, its largest monthly withdrawal since 2024 launch. - BitMine Immersion Technologies countered with $173M ETH purchase, stabilizing price above $3,000 amid institutional exodus. - Tom Lee predicts ETH's "supercycle" akin to Bitcoin's 100x gains, citing Layer-2 growth and institutional adoption. - Critics question Ethereum's unique utility, challenging its defensibility beyond market share and 24/7 trading viability. - 350M monthly blockchain requests highligh
Ethereum (ETH) experienced notable capital outflows in November, with U.S. spot ETFs seeing $1.42 billion in net withdrawals—the highest monthly outflow since their debut in 2024. Despite this selling trend, treasury company
The recent volatility has reignited discussions about Ethereum’s future prospects. Tom Lee, who serves as executive chairman of BitMine Immersion Technologies and is a well-known crypto strategist, stated in a recent X post that ETH may be entering a "supercycle" similar to Bitcoin’s. Referring to Bitcoin’s 100-fold increase since 2017, Lee highlighted that price swings are a natural part of crypto markets, and pointed to Ethereum’s Layer-2 developments and growing institutional interest as drivers for continued expansion. “Progress won’t be linear,” he warned, referencing
Still, skeptics have voiced their doubts, questioning what sets Ethereum apart. A notable
At the same time, Ethereum’s on-chain metrics remain a crucial indicator. Monthly blockchain activity, including transaction simulations, averaged 350 million, showing steady interest in decentralized apps. Nevertheless, the November outflows reveal a disconnect between retail and institutional attitudes. While BitMine’s $173 million ETH acquisition points to deliberate accumulation,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Senate Crypto Legislation Transfers Oversight to CFTC Amid Rising Partisan Debate
- U.S. Senate proposes bipartisan bill transferring crypto regulation to CFTC, limiting SEC's role and classifying most cryptocurrencies as commodities. - Trump's CFTC nominee Selig faces scrutiny over agency staffing and bipartisan governance, with Democrats warning of political bias risks under single Republican leadership. - Industry supports CFTC's expanded oversight for regulatory clarity, but critics question its capacity to enforce AML standards and manage crypto market growth. - Finalized framework
Ethereum Updates: DATs Offload Ether to Boost Stock Prices, Triggering Market Fluctuations and Investor Concerns
- FG Nexus sold 11,000 ETH to fund a stock buyback, triggering Ethereum's 2% dip and highlighting DAT sector instability. - Crypto treasury firms increasingly liquidate assets to prop up undervalued stocks, with ETHZilla's $40M token sale mirroring this trend. - Ethereum tests $2,850 support as whale accumulation rises, while BlackRock's staked ETH ETF filing offers limited short-term relief. - FG Nexus' $7.7M Q3 loss and rising debt-to-equity ratio underscore risks in its aggressive buyback strategy despi
PEPE’s Downturn: Is This a Bear Market Slide or the Start of Meme Season 2.0?
- Meme coin PEPE plunges 70% to $0.00000485, sparking debate over further decline or short-term rebound amid broken support levels and bearish technical indicators. - Analysts highlight critical resistance at $0.0000059, weak momentum (negative MACD), and liquidity risks toward $0.00000178, while on-chain data shows $193.5M futures open interest and negative spot netflows. - Optimists cite potential 12-15% bounce to $0.00000524-$0.0000066 from bullish RSI crossovers and short-squeeze risks, alongside commu
Tether’s Gold Rally Obscures the Line Between State and Private Market Influence
- Tether's gold reserves hit 116 tons, making it the largest non-sovereign bullion holder, with 12 tons backing XAUt and 104 tons supporting USDT. - The 26-ton Q3 surge accounts for 2% of global demand, tightening supply and driving gold prices to record highs amid geopolitical risks. - Tether's $300M+ investments in gold firms and hiring of HSBC traders signal deeper market integration, contrasting with mixed central bank trends. - Analysts project continued supply tightening as Tether reinvests profits,
