The previously losing giant whale with a loss of over $6.88 million USD deposited $2 million USD into HyperLiquid and opened long positions on ETH and SOL.

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.

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