Trend Research Transfers 651,757 ETH to CEX Worth $1.34B

Vitalik warns: Prediction markets are turning into short-term dopamine casinos and should return to their hedging nature

Ethereum founder Vitalik Buterin is concerned that the prediction market is overly focused on short-term betting, deviating from its original purpose of information aggregation and risk hedging. He proposes transforming it into a broad-based hedging platform that integrates AI to design personalized hedging tools for users, emphasizing the importance of balancing entertainment and risk management.

ETH Breaks Through 2100 USDT

Gate News bot message, Gate market display, ETH breaks through 2100 USDT, now priced at 2100.99 USDT.

Ethereum Co-Founder Vitalik Buterin Sells 2,961 ETH Over Three Days for Planned Initiatives

Key Takeaways Vitalik sold 2,961.5 ETH worth ~$6.6 million over the past three days at an average price of $2,228, with sales still ongoing

The whale who went long on 105,000 ETH has started to close positions and take profits, still holding a long position of 77,000 ETH.

On-chain analysts have detected that a whale has closed 28,000 ETH positions in the past 24 hours, realizing a profit of $1,263,000. They still hold 32,000 ETH, with an unrealized profit of $1,193,000. Additionally, the whale has placed a limit sell order for 3,000 ETH in the $2,100-$2,110 range.

Ethereum Foundation Shakes Up Leadership Team

_Ethereum Foundation announces Tomasz Stańczak’s departure as Co-Executive Director, with Bastian Aue stepping in as interim replacement effective immediately._ The Ethereum Foundation revealed a major shift in executive leadership this week. Tomasz Stańczak is stepping down from his co-Executiv