PANews February 21 News, Wintermute founder Evgeny Gaevoy recently stated on the Crypto Playbook podcast under Fortune magazine that despite the industry welcoming favorable policies such as pro-blockchain government and Wall Street adoption, the crypto industry is gradually being dominated by a mindset that only pursues price appreciation (number go up), deviating from the original cypherpunk philosophy. Bitcoin was initially designed to create a decentralized currency system independent of government and banking control, but the current industry development is more focused on financialization and speculation. The future of the crypto industry should return to the cypherpunk spirit rather than fully integrating into Wall Street.
Additionally, regarding the competition between Ethereum and Solana and other public chains, Evgeny Gaevoy pointed out that the market is overlooking the core issue, which is that the real adoption of decentralized applications remains very limited. Although the total value locked (TVL) in the Ethereum ecosystem exceeds $120 billion, most of it is “dormant funds,” and the proportion truly integrated into real economic activities is very low, still insignificant compared to traditional finance (TradFi).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Forms Bearish Pennant as $2,100 Breakout or $1,850 Breakdown Looms
_ETH compresses near $2,000 as $2,100 and $1,850 define next major move._
Ethereum is trading at a key technical junction after a sharp pullback from recent highs. Price action on the daily chart now shows a tightening structure that could soon resolve with a decisive move. Market
LiveBTCNews11m ago
Whale "pension-usdt.eth" Closes BTC and ETH Long Positions, Total Profit Reaches $23.93M
Gate News bot message, whale "pension-usdt.eth" has closed his $BTC and $ETH long positions with both of his wallets, making a total of $1.46M. Pension is now making an overall $23.93M.
GateNewsBot58m ago
Brother Ma Ji has once again placed multiple ETH limit sell orders this morning, currently with 14 sell orders in the $1980-$2025 range.
Odaily Planet Daily reports that Hyperbot data shows that Big Brother Ma Ji Huang Licheng has once again placed multiple limit sell orders for Ethereum in the early hours of today. Currently, there are a total of 14 ETH limit sell orders in the $1980 to $2025 range. His 25x leveraged Ethereum long position still holds 7,800 ETH, with a liquidation price of approximately $1905. The current unrealized loss is about $137,000.
GateNewsBot1h ago
Overview of popular cryptocurrencies on February 21, 2026, with the top three in popularity being: Bitcoin, Ethereum, and BNB.
GateNewsBot1h ago
Vitalik predicts that within 5 years, ETH smart contracts will be converted to a new language: creating a less ugly cyberpunk Ethereum
Ethereum co-founder Vitalik Buterin announced the promotion of an Ethereum layer 2 extension that follows cyberpunk principles, and has locked in the FOCIL anti-censorship proposal, which is expected to go live with the Hegota upgrade in 2026. Vitalik emphasized the desire to develop a powerful and decentralized Ethereum on the existing system. As the L2 roadmap is being restructured, Ethereum's technological transformation enters an intensive period, facing challenges such as legal risks and technical debt liquidation.
動區BlockTempo1h ago
A newly created address has potentially accumulated 27,721.51 ETH in the past 24 hours.
PANews February 21 News, according to on-chain analyst Ai Yi's monitoring, a newly created address has suspected accumulation of 27,721.51 ETH in the past 24 hours, worth 54.23 million USD, with an average withdrawal price of 1956.34 USD, currently with an unrealized profit of 342,000 USD.
GateNewsBot1h ago
