ETHZilla’s CEO says the Ethereum treasury company plans to work with layer-2 protocols to generate a higher yield than it could get from staking. ETHZilla CEO McAndrew Rudisill has revealed he made the decision to go all in on Ethereum after seeing its potential in the nearly trillion-dollar global remittance market. Two months later, his formerly floundering biotechnology company is now the eighth-largest public Ethereum treasury in the world. “Ethereum is effectively a gateway for money supply globally to transmit in US dollars,” ETHZilla CEO McAndrew Rudisill told Cointelegraph. Read more
Bitwise’s Hunter Horsley says Solana’s shorter unstaking period gives it an advantage over Ethereum in the race for staking ETFs, as US regulators prepare key decisions in October. Bitwise CEO Hunter Horsley says Solana may gain an edge over Ethereum in the staking exchange-traded fund (ETF) market, pointing to its design as more favorable for investors. Speaking with Cointelegraph editor Andrew Fenton at Token2049 in Singapore, Horsley argued that Solana’s quicker unstaking period gives it an advantage over Ethereum. For instance, Ethereum’s withdrawal queue recently reached new highs, while Solana’s typically clears faster. Horsley said that difference matters for issuers who must be able to return assets to investors quickly. “It’s a huge problem,” Horsley said. “The ETFs need to be able to return assets on a very short time frame. So this is a huge challenge.” Read more
SharpLink, one of the world’s largest public holders of ETH, has notified the SEC of its plans to tokenize its common stock on Superstate’s Open Bell tokenization platform. SharpLink Gaming, one of the world’s biggest public holders of Ether, announced plans to tokenize its common stock on the Ethereum blockchain. SharpLink has partnered with the financial technology firm Superstate to tokenize its Nasdaq-listed stock SBET through Superstate’s Open Bell tokenization platform, the company said Thursday. “Tokenizing SharpLink’s equity directly on Ethereum is far more than a technological achievement — it is a statement about where we believe the future of the global capital markets is headed,” SharpLink co-CEO Joseph Chalom said. Read more
ETH’s breakdown from a key chart pattern can now lead to more losses for Ether price, targeting the $3,600–$3,400 zone in the short term. Key takeaways: One ETH trader lost $36.4M in a single liquidation, cementing over $45M in total losses. Ethereum now faces heavy long liquidation clusters at $2,370–$2,500. Read more
Growing Wall Street crypto adoption and agentic AI platforms may catalyze a “supercycle” for Ethereum, according to BitMine, the largest corporate holder of Ether. Update Sept. 24, 1:07 p.m. UTC: This article has been updated to include quotes from Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen. The cryptocurrency market may experience its first extended cycle due to more institutional capital and trading products in the Web3 industry, making digital asset investments more accessible. Some investors predict a crypto “supercycle” that may invalidate the theory of the four-year crypto market cycle related to the Bitcoin (BTC) halving, and see digital asset valuation rise beyond this historic time frame. Read more
Neal Stephenson’s Lamina1 teamed up with Consensys’ Linea to launch Spaces, a platform for creator-owned IP and interactive storytelling on Ethereum. Lamina1, the blockchain content platform co-founded by sci-fi author Neal Stephenson and tech and creative leader Rebecca Barkin, has partnered with Consensys’ layer-2 network Linea to bring creator-owned media to Ethereum. The collaboration aims to change digital storytelling by giving creators control over their intellectual property and a direct channel to their communities, according to an announcement shared with Cointelegraph. The partnership includes investments from Joe Lubin, co-founder of Ethereum and CEO of Consensys, as well as Systemic Ventures. “Neal Stephenson is one of the leading figures in cyberpunk,” Lubin said. “Lamina1 is now perfectly positioned to be at the forefront of the onchain revolution in content creation,” he added. Read more