ETH Breaks Through 2100 USDT

Brother Ma Ji increased his position by 225 ETH and simultaneously opened a small long position in VVV

Odaily Planet Daily reports that Hyperbot data shows Brother MaJi has increased his position by 225 ETH. The total open interest for ETH contracts now stands at 2925 ETH, worth approximately 6 million USD. He has also opened a small long position in VVV, currently valued at 22,000 USD.

Tom Lee: This dip is a crypto "short bear," no regrets about buying ETH at the high.

Tom Lee stated in an interview that the current crypto market is experiencing a short-term downturn and advised investors to buy in batches and wait for a market rebound. He expects Bitcoin to reach $200,000-$250,000 by 2026, and Ethereum to hit $12,000-$22,000.

Vitalik criticizes the prediction market as a "corporate junk casino," and proposes the idea: AI hedging replacing fiat currency

Ethereum co-founder Vitalik Buterin posted on X platform, expressing concern that prediction markets are heading towards "corporate garbage," overly relying on short-term crypto bets. He suggested transforming prediction markets into hedging tools and proposed replacing fiat currency with prediction markets, emphasizing the need to price with profitable assets to achieve sustainability.

Data: Ethereum spot ETF experienced a net outflow of $161 million this week, marking four consecutive weeks of net outflows.

This week, Ethereum spot ETFs experienced a net outflow of $161 million, with BlackRock's ETF ETHA experiencing the largest net outflow of $113 million. Grayscale Ethereum Trust (ETH) saw a net inflow of $49.9 million, with total ETF assets under management reaching $11.72 billion.

Ancient NFT EtherRock 71 sold for $132,000.

Odaily Planet Daily reports that EtherRock posted on the X platform that, half an hour ago, EtherRock 71 was sold for $132,000 (63.3 ETH).

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.