Alex E

David Hoffman, co-founder of Bankless, just dropped a hot take that's stirring up the Ethereum community. He's selling his ETH, and here's why. He still believes in Ethereum's network, but argues the "ETH is Money" thesis has essentially played out. In his view, Ethereum has already reached a valuation that matches its real-world progress. That means the massive upside we once dreamed of for ETH specifically may be limited from here. So what's the move? Hoffman is reallocating his capital into other market opportunities where he sees higher potential returns. Here's the kicker. He points out that Ethereum's architecture is increasingly funneling value to applications, L2s, stablecoins, and the broader on-chain asset ecosystem, not necessarily back to ETH itself. The network is thriving, but the value capture is shifting away from the base layer. This isn't a bearish call on Ethereum. It's a strategic portfolio shift. As of now, ETH trades around $3,400, reflecting a market that's still bullish on the network, but maybe not as bullish on ETH as the single bet. Hoffman's logic is sharp. The question is, do you agree that the "ETH is Money" narrative has already peaked? Or is there still room for a second act? Let's discuss.

What If BSB Crashed to 0.1? The Real RWA Stress Test Imagine BSB dropping from 0.49 USD straight to 0.1 USDT. A nightmare scenario for the entire community. In that moment, the discussion titled The RWA Tokenization Revolution would quickly be renamed by traders to Real Pain. Hedy Wang from Block Street would likely enter full crisis management mode, hosting back-to-back AMAs to reassure investors. Atthakrit Chimplapibul of Bitkub would face immense pressure from users, whales, and regulators, all while trying to protect the exchange's reputation. Thanisorn, the coordinator, would probably spend the entire session filtering questions like When will we recover? and Are the devs still building? Behind the scenes, the team would move fast: Launch updates Boost staking rewards Announce new partnerships Desperately try to restore market confidence But in crypto, a massive crash is always a double-edged sword. For builders, it is a chance to prove the project has real value. For investors, it is either a total disaster or the ultimate bottom-buying opportunity. No matter what happens, RWA remains one of the biggest long-term narratives in crypto.

The market has shifted. We are no longer in a playground of pure hype — this feels fundamentally different. 🟠 Bitcoin, 🌊 Ethereum, and ⚡ Solana are showing deep structural pressure beneath the surface. This is no longer just a simple pullback. It is a full-scale reassessment of liquidity, risk appetite, and attention across the entire crypto landscape. 🛡️ The illusion of a "safe" crypto asset is crumbling with every rotation. Even projects like ⚠️ CORE, ⚠️ NEAR, and ⚠️ ORDI are under pressure — proving that no sector is immune in this environment. Meanwhile, speculative capital is aggressively rotating into high-beta narratives like 🚀 TON, 🌐 SUI, 🤖 AI, and 🌱 GRASS, alongside 🔥 TRUTH, ⚡ BSB, 🧩 LAYER, and 🔗 API3. These names still draw massive attention, but the environment around them has become EXTREMELY unstable 🌪️. Liquidity moves fast, momentum reverses violently, and latecomers often get trapped. In this kind of market, DISCIPLINE beats emotion. One wrong entry can quickly become a LIQUIDATION event ⚡. Weak structures are quietly deteriorating — 📉 LIT, 📉 PROVE, 📉 BLUR, 📉 PENGU, 📉 BIO, 📉 AR, and 📉 FIL are showing weak recoveries, declining participation, and thinning buy interest. Capital is actively fleeing crowded setups. Even closely watched names like 🔥 HYPE, 🏦 ONDO, 🪐 JUP, 📊 PYTH, ⚡ TIA, and ⚙️ INJ remain vulnerable to sharp squeezes and liquidation cascades 💥. But capital hasn't left crypto entirely — it has just become far more SELECTIVE 🎯. Projects like 💪 NEAR, 🌍 WLD, 🧪 LAB, 💵 BILL, and 🌐 ICP continue to show healthier reactions and stronger liquidity behavior through volatility. This phase rewards patience, positioning, discipline, and risk management — not emotional FOMO. Right now, survival matters more than excitement. Stay sharp.

May 27 Market Update - Handsome Research Report BTC saw a light bounce yesterday before resuming its decline, hitting resistance right at 78,000. The bearish trend remains intact. On the 4H timeframe, we're seeing a slight increase in volume, which suggests further downside could be on the way. For those who opened shorts in the 80,000-82,000 zone, and again at 77,500-78,000, hold tight and wait for the next leg down. The daily chart shows weakening bearish momentum, but a bullish crossover on the axis isn't looking viable. The probability of continued decline remains higher, so don't worry too much about a strong reversal. ETH is following BTC lower in sync. The 4H chart shows a slight volume uptick, and the short-term bounce hasn't been able to break out effectively. More downside is likely. On the daily, ETH has broken its range, with bearish momentum easing slightly and price moving sideways. Keep an eye on volume action here, but the main trend is still down. Crude oil is heavily influenced by fundamentals. With the US and Iran reaching a ceasefire agreement, oil has successfully broken below the 100 mark. If you still have remaining short positions from the drop, hold them. Bounces in the 96-100 range could be good opportunities to add more shorts, waiting for further decline. Fundamental News: US and Iran have reached an agreement, with a potential ceasefire in sight. We'll continue monitoring developments. Key Daily Support and Resistance Levels: BTC support below 74,500-75,000, resistance above 76,500-77,000 ETH support below 2,000-2,050, resistance above 2,100-2,150

The biggest regret this cycle? Not moving enough capital into a US stock brokerage to buy American equities directly, or grabbing spot ONDO when it was still low. Before the AI and storage sector correction, I bought $SNDK at 1,430 and $MU at 730. But most of my positions were opened on Hyperliquid. Scared of fees and funding costs, I closed them after just a few days even though I knew the market was heading to new highs. Honestly, my timing and tiny smart moves feel pretty powerless against a real trend. Quick tip: OKX DEX lets you buy ONDO spot directly. Going forward, my strategy is spot plus small leverage positions. This failure reminded me pure leverage isn't for me. I just can't hold through the noise. Can't hold.

Capital is rotating out of BTC and ETH ETFs and flowing into HYPE, SOL, and XRP. On this week's Public Keys from CoinDesk at the NYSE, Bitwise's Ryan Rasmussen makes the bullish case for HYPE. David Schamis breaks down how leverage works in crypto trading, and Matt Kaufman from Calamos explains how protected Bitcoin ETFs help investors avoid downside. All hosted by Jenn Sanasie. Here's the full breakdown: 00:00 Welcome to Public Keys 00:30 BTC bounces as US-Iran peace talks ease oil prices 01:00 SpaceX S-1 reveals 18,712 BTC on its balance sheet 01:45 SEC delays exemption for tokenized stock innovation 02:05 Kevin Warsh's first week as Fed Chair begins 02:30 HYPE ETF sees $72M outflow, Bitwise's Ryan Rasmussen joins 06:30 Bull and bear case for Hyperliquid 11:30 Asset managers rotate beyond BTC and ETH 14:30 Margin trading 101 with David Schamis 17:00 Crypto margin vs equities and time traps 19:30 24/7 trading and the rise of AI agents 23:30 BTC ETFs lose $1.26B, capital shifts to HYPE, SOL, XRP 25:30 Calamos' Matt Kaufman on protected Bitcoin ETFs 28:30 Advisors moving from spot BTC to protected products 30:00 Calamos ETF roadmap 32:30 Fear & Greed Index sits at 34 Big thanks to our sponsor Kraken. The narrative is shifting. Smart money is looking beyond the big two. Are you paying attention?

RWA is getting hotter, but the crypto market is getting colder. CEXs are all racing into the US stock market now, and honestly, I don't think it's just because of Hyperliquid pressure. The real reason? Their core business is slowing down, so they're forced to pivot. Even DCA into Bitcoin or chasing the next big hype? Right now, I wouldn't recommend any of it. The best move is to step back, return to real life, rest well, and keep a healthy distance from the market. The reality is, most people can't even handle the discipline of DCAing into BTC over time. Time is a brutal test, and it's way tougher than most imagine. Stay close, but stay far. That's the only edge right now.

It turns out that the average .ETH holder has stronger conviction than some of the biggest names in the space. Now we have a clear picture of who's selling. Not Vitalik. Not the Ethereum Foundation. It's early investors who lost faith in the broader crypto narrative, opportunists who never believed in the first place, and over-leveraged believers forced to deleverage. And honestly, I can't blame someone for lacking deep conviction in Ethereum when other crypto projects have outperformed, and worse, when markets like AI have completely crushed the entire crypto sector. There's a disconnect between crypto's core story and the industry's reality. A big piece is still missing, and everyone quietly feels it, even if they can't articulate it. The final form of crypto hasn't been reached yet. Absolute digital scarcity isn't it. Programmability isn't it. Scalability isn't it. More sophisticated DeFi isn't it. And privacy isn't it. Each of these is a real step forward, and the work behind them is critical. But none alone is enough. Each sparked a new wave of speculation and hope of crossing the chasm to mass adoption. Each failed to deliver. Privacy will fail too. Most mainstream users and institutions in regulated economies will never embrace a system where a typo can lose funds forever, where scams and hacks drain accounts permanently, and where no one answers when something goes wrong. Until that's fixed, mass adoption won't happen. The good news is a solution exists. The final puzzle piece is achievable, but it will require an honest reframing of what decentralization can do for the future of money and finance, and what it will never do. I remain bullish on Ethereum because, despite all the noise, it is still the best-positioned network and framework to become the new foundation for finance. And that will be essential. That view will pave the way for ETH to accumulate monetary value. The same network properties that make Ethereum a financial...

Ethereum maxis spent 3 years telling us they don't care about price. They were all about the tech, the vision, the long game. But now that ETH is getting crushed, the same loud voices are quietly exiting stage left. Turns out, they did care about price all along. We're seeing people who built their entire online persona around being "all in on Ethereum" now flexing that they sold or have minimal exposure. Davey Soy Hoffman. Eric. Sassal. The list goes on. They all left. So the real question isn't whether they believed. It's whether anyone actually does when the charts turn red. And here's what keeps me up at night: What happens to all the Bitcoin maxis when BTC dominance inevitably starts to crumble? My prediction? They won't HODL through the pain. They'll rotate into alts faster than you can say "number go up." The cycle never changes. Only the narratives do. ETH is currently trading around $1,850. Keep your eyes open.

BTC dipped again, but two days ago it touched 74,588 and bounced back to 78,000. That level is worth watching for a potential retest. We placed a short on ETH at 2,063 before bed, and it auto-closed in profit. For BTC, near-term support sits at 74,588, with extreme downside around 72,188. On the upside, 77,588 has been tested twice and rejected hard each time. The extreme resistance at 79,388 remains untouched. For ETH, short-term support at 2,018 hasn't been retested yet. The extreme support at 1,838 is where I'd consider going all-in for a quick scalp. Upside resistance at 2,188 hasn't been tested either. Key zones to watch closely. Stay sharp.