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- Ethereum Faces Record-Low Community Sentiment Over Scalability Concerns
Ethereum Faces Record-Low Community Sentiment Over Scalability Concerns
News on the Blockchain
January 23, 2025
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News on the Blockchain, January 23rd, 2025
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🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 9.81M+
Exchanges: 778
Market Cap: $3.57T (-1.89%)
24h Volume: $140.78B (-32.72%)
Bitcoin Dominance: 57.4%
Ethereum Dominance: 11.0%
ETH Gas Price: 6.41 Gwei
Fear & Greed Index: 60/100 (Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $102,812.44 | -2.76% | $2.04T | $53.90B |
Ethereum (ETH) | $3,230.48 | -2.84% | $389.28B | $21.57B |
Tether (USDT) | $0.9993 | -0.07% | $138.52B | $110.85B |
BNB (BNB) | $692.66 | +0.29% | $99.75B | $1.75B |
Solana (SOL) | $253.19 | +0.40% | $123.18B | $8.82B |
💹 Market Highlights:
Total DeFi Volume: $7.96B (5.65% of total market volume)
Stablecoins Volume: $128.63B (91.38% of total market volume)
Coin with highest % change: VTHO (+19.25%)
🚀 Trending on DexScan:
HSM/SOL: $0.009496 (+43.55%)
$PX/TON: $0.04497 (+77.61%)
Stargate/SOL: $0.006105 (+54.14%)
ORACLE/WETH: $0.0009514 (+10.11%)
DOGE/SOL: $0.009593 (+149%)
📈 Preview On Today’s News:
- Ethereum Faces Record-Low Community Sentiment Over Scalability Concerns
- MicroStrategy’s $42B Bitcoin Strategy Gets a Boost from Massive Share Expansion
- EU Rolls Out MiCA Crypto Regulations to Boost Transparency and Security
Keep reading below for more!
Today’s News:
1)
Ethereum Faces Record-Low Community Sentiment Over Scalability Concerns
Ethereum, long considered a leader in decentralized finance, is experiencing record-low community support amid persistent scalability issues and perceived leadership shortcomings. Critics, including crypto attorney John Deaton and Multicoin Capital co-founder Kyle Samani, have highlighted dissatisfaction with Ethereum's slow progress on scaling, despite the rollout of Ethereum 2.0. High gas fees and network congestion continue to drive developers and users toward alternative platforms, emphasizing the urgent need for Ethereum's leadership to adopt a more proactive strategy to retain its competitive edge.
Ethereum faces backlash over scalability challenges, with high gas fees and network congestion pushing users and developers toward alternatives. Critics call for a stronger focus on resolving these issues.
Community trust in Ethereum's leadership has waned due to slow progress on scaling solutions, threatening the platform's standing in decentralized finance.
2)
MicroStrategy’s $42B Bitcoin Strategy Gets a Boost from Massive Share Expansion
MicroStrategy has taken bold steps to fuel its $42 billion Bitcoin acquisition plan by significantly expanding its authorized share count. During a special meeting, shareholders approved increasing Class A shares from 330 million to 10.3 billion and preferred shares from 5 million to 1 billion. This move aligns with the company’s 21/21 plan to amass 461,000 BTC by 2027, backed by $2 billion in preferred stock offerings. Co-founder Michael Saylor, with 46% voting power, is driving this aggressive strategy to solidify MicroStrategy’s position as a leader in Bitcoin accumulation and Nasdaq equity giants like Alphabet and Nvidia. Despite mixed market reactions, the strategy aims to enhance liquidity and long-term positioning in the tech and crypto sectors.
MicroStrategy expanded its authorized shares significantly, aiming to raise $42 billion by 2027 for Bitcoin purchases, with Michael Saylor spearheading the effort.
The company plans to issue $2 billion in preferred stock, bolstering liquidity and positioning itself among top Nasdaq players while amassing 461,000 BTC.
3)
EU Rolls Out MiCA Crypto Regulations to Boost Transparency and Security
The European Union has implemented the Markets in Crypto-Assets (MiCA) regulation, establishing a unified framework for crypto-asset service providers (CASPs) and issuers. Fully effective as of December 2024, MiCA replaces fragmented national rules, introducing measures to enhance consumer protection, financial security, and transparency across the crypto industry. Businesses must now comply with stringent requirements on governance, financial reserves, and anti-money laundering systems to operate within the EU. Baden Bower, a global PR agency, supports crypto firms in navigating these regulations, offering guidance on compliance and promoting trust through transparent communication.
The EU’s MiCA regulation standardizes crypto oversight, replacing fragmented national rules to protect consumers and enhance financial security.
Baden Bower assists crypto firms in complying with MiCA’s requirements, helping build trust through clear messaging and strategic planning.
Disclaimer:
The information provided in this newsletter is based on our data findings and opinions. It is intended for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and it is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not responsible for any financial losses or gains you may incur as a result of using this information.
