Vitalik Buterin, co-founder of Ethereum, recently made a surprising visit to the Binance office, leading to speculation about potential collaboration between the two giants of the crypto market. Binance, currently facing regulatory challenges and a $4 billion fine, could benefit from Buterin's focus on security, privacy, and scalability. Buterin has expressed concerns about centralized exchanges in the past, further fueling rumors of cooperation. However, no official statements have been made regarding any partnership between Ethereum and Binance.
In addition to Buterin's visit to Binance, a representative of SHIB, a popular cryptocurrency, shared Shibarium's plans to onboard 1,000 projects through numerous partnerships. This announcement received mixed reactions from the SHIB community.
On a different note, JPMorgan analyst Kenneth Worthington suggests that the initial enthusiasm for Bitcoin ETFs may be waning, with a shift toward a more normalized flow environment. Spot Bitcoin ETFs experienced net sales of about $15 million, indicating changing investor sentiment. This is in contrast to JPMorgan's previous prediction that the approval of Bitcoin ETFs would be a sell-the-news event.
Elon Musk recently questioned why Vitalik Buterin left X, the platform Musk acquired and renamed Twitter. Buterin has been active on Farcaster, a crypto-centric social media platform, and has expressed his opinion that Farcaster is a usable alternative to Twitter. Autism Capital suggested that Buterin should engage more with X to support Ethereum's success. Buterin has nearly 180,000 subscribers on Farcaster and 5.2 million followers on his X account.
Andrew Howard, CBO at Jan3 company, criticized Vitalik Buterin for selling 70,000 ETH in 2018 when the price was at an all-time high. Erik Voorhees defended Buterin, stating that he created $400 billion in value using an $18 million investment. The crypto community engaged in a heated debate, with some accusing Ethereum of being centralized and Buterin of holding single-handed control over the total ETH supply. The SEC recently approved spot Ethereum exchange-traded funds, filed by companies including BlackRock, VanEck, Grayscale, and Ark Invest. The approval came unexpectedly, as many experts believed it would take longer. Several funds removed ETH staking from their filings due to recent SEC lawsuits against Coinbase and Kraken for launching crypto staking services.
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