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Share link:In this post: Crypto analyst calls L2s parasites living off and weakening the Ethereum network. Analyst claims L2 networks are taking fees from Ethereum’s base layer and fragmenting the network. Coinbase analysts disagree about the impact of L2s, as Vitalik says the network is stronger than before.
Share link:In this post: Over the past 4 days, Ethereum whales have accumulated more than 200,000 ETH. The accumulation continues despite Ether ETFs net outflows approaching $500 million. Analyst CryptoBullet says that the bottom might be in if ETH remains above $2500.
Market speculation remains relatively subdued for Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and often precede an expectation for heightened volatility.
- 03:29Today's Fear and Greed Index Drops to 65, Still in Greed TerritoryAccording to a report by Jinse Finance, data from Alternative.me shows that today's cryptocurrency Fear and Greed Index has dropped to 65 (yesterday the index was 67), indicating that the market is still in a state of greed.
- 03:29Cipher Mining: April Mining Output of 174 BTC, Total Bitcoin Holdings Decrease to 855PANews reported on May 3 that on May 3, Nasdaq-listed Bitcoin mining company Cipher Mining released its unaudited production and operations update report for April. The report disclosed that its Bitcoin mining output for April was 174 BTC, but due to business operations needs, 350 BTC were sold during the month. Currently, the Bitcoin holdings have decreased to 855 BTC (of which 379 BTC are used as collateral), and the hash rate reached 13.5 EH/s at the end of the month.
- 03:29Strong Non-Farm Payroll Data, Barclays and Goldman Sachs Expect Fed to Cut Rates in JulyPANews reported on May 3 that the strong non-farm employment data released on Friday, May 3, led Goldman Sachs and Barclays, two major financial institutions, to independently predict that the next Federal Reserve rate cut might not occur until at least July. Goldman Sachs still expects three rate cuts of 25 basis points each in 2025, in July, September, and December, but also warns that if future employment data remains strong, the timing of the rate cuts could be further delayed.