On-chain investigator EyeOnChain has allegedly identified the mysterious Hyperliquid whale controlling over 100,000 BTC as Garrett Jin, former CEO of collapsed exchange BitForex, which conducted a suspected $56.5 million exit scam in February 2024. The investigation traced the whale’s wallet addresses back to Jin through ENS domains ereignis.eth and garrettjin.eth, connecting funds withdrawn from exchanges like HTX and Binance seven to eight years ago to his tenure at Huobi and the BitForex collapse. For ...

Very interesting survey results here from Obol Collective & Lido, highlighting some trends in ETH staking-Institutions are hungry for ETH staking-Safety & security are top priority-There's clear demand for distributed validator infraAnd more paths to institutional staking is good for Ethereum (and ETH)Obol Collective (@Obol_Collective):The results from our 2025 Ethereum Institutional Staking Survey are in.Our latest report compiles them to reveal where ETH staking is headed next.TL;DR Institutions want to s ...

Trust Wallet Performance & Growth - Over 50 million USD locked in Stablecoin Earn [1] - ETH staking experienced significant growth [1] Industry Recognition - Eowyn Chen recognized as a Top 50 Woman in Web3 & AI [1] Product Development & User Experience - Tokenized RWAs are coming to Trust Wallet [1] - Solana UX has been improved [1]

🔥 LATEST: Tom Lee says, “Wall Street will stake ETH to be involved in the enhancement of ethereum,” as it moves to financialize the world onto blockchain.“That is the difference between centralized finance and defi.” https://t.co/6RJJzPysGd ...

Project Overview - Puffer Finance aims to upgrade ETH staking [1] - Puffer Finance unlocks validator access with liquid restaking [1] - Puffer Finance features low entry barriers [1] - Puffer Finance integrates EigenLayer [1]

Centralization Risk & Stablecoins - The cryptocurrency industry acknowledges centralization risk as a significant concern, particularly regarding the imbalance between ETH's economic security (staked ETH) and the total value of stablecoins it secures [1][2] - Stablecoin issuers face business risks if the underlying chain's security diminishes, potentially leading them to become net buyers of ETH to ensure the security of tokenized assets [2] - Centralized entities accumulating large ETH holdings poses a threat of influence, politically or otherwise, potentially undermining the decentralized future envisioned by Satoshi [2] - Circle and Tether might accumulate DeFi tokens to influence governance decisions on protocols, creating an illusion of decentralization [3] Potential Solutions & Market Dynamics - The industry suggests that ETH market capitalization needs to grow through broader adoption, staking, and price appreciation to mitigate centralization risks [4] - Deeper network security features are needed to reduce the obligation for centralized entities to accumulate ETH for risk management [6] - Decentralized stablecoins need to gain traction as an alternative to centralized stablecoins [6] - Governance caps for giga whales when voting on protocol proposals could help to maintain decentralization [6] - Regulators may need to intervene to ensure disclosure around influence or control, similar to traditional financial systems [4] - World Liberty Financial (WLF) has been hedging its risk by holding TRX and ETH [5]

Centralization Risk in Crypto - Centralization risk is a significant concern, particularly if the economic security of ETH (staked ETH) is dwarfed by the total value of stablecoins it secures [1][2] - Stablecoin issuers face business risk if the underlying chain's security diminishes, potentially leading them to become net buyers of ETH to ensure the security of tokenized assets [2] - Accumulation of ETH by centralized entities like Circle and Tether poses a threat of influence, politically or otherwise [2] - Circle and Tether could accumulate DeFi tokens to sway governance decisions on protocols, creating an illusion of decentralization [3] Potential Solutions and Market Dynamics - ETH market cap needs to grow through broader adoption, staking, and price appreciation to mitigate centralization risks [4] - Deeper network security features are needed to reduce the obligation for centralized entities to accumulate ETH to manage their risk [6] - Decentralized stablecoins need to gain traction as an alternative [6] - Governance caps for giga whales are suggested when voting on protocol proposals [6] - Strategic ETH reserves might be set up to protect the dollar as more USD is minted on-chain [3] Regulatory and Traditional Finance Integration - Regulators may need to step in to ensure disclosure around influence or control, similar to traditional financial systems [4] - The industry is potentially bringing traditional systems on-chain [3] Diversification Strategy - World Liberty Financial (WLF) hedges its risk by holding TRX and ETH [5]

Centralization Risk & Stablecoins - The cryptocurrency industry acknowledges centralization risk as a significant concern, particularly regarding the imbalance between ETH's economic security (staked ETH) and the total value of stablecoins it secures [1][2] - Stablecoin issuers face business risks if the underlying chain's security diminishes, potentially leading them to become net buyers of ETH to ensure the security of tokenized assets [2] - Centralized entities accumulating large ETH holdings poses a threat of influence, politically or otherwise, potentially undermining the decentralized future envisioned by Satoshi [2] - Circle and Tether might accumulate DeFi tokens to influence governance decisions on protocols, creating an illusion of decentralization [3] Potential Solutions & Market Dynamics - The industry suggests that ETH market capitalization needs to grow through broader adoption, staking, and price appreciation to mitigate centralization risks [4] - Deeper network security features are needed to reduce the obligation for centralized entities to accumulate ETH for risk management [6] - Decentralized stablecoins need to gain traction as an alternative to centralized stablecoins [6] - Governance caps for giga whales when voting on protocol proposals could help to maintain decentralization [6] - Regulators may need to intervene to ensure disclosure around influence or control, similar to traditional financial systems [4] - World Liberty Financial (WLF) has been hedging its risk by holding TRX and ETH [5]

Centralization Risk & Stablecoins - The cryptocurrency industry acknowledges centralization risk as a significant concern, particularly regarding the imbalance between ETH's economic security (staked ETH) and the total value of stablecoins it secures [1][2] - Stablecoin issuers face business risks if the underlying chain's security diminishes, potentially leading them to become net buyers of ETH to ensure the security of tokenized assets [2] - Centralized entities accumulating large ETH holdings poses a threat of influence, politically or otherwise, potentially undermining the decentralized future envisioned by Satoshi [2] - Circle and Tether might accumulate DeFi tokens to influence governance decisions on protocols, creating an illusion of decentralization [3] Potential Solutions & Market Dynamics - The industry suggests that ETH market capitalization needs to grow through broader adoption, staking, and price appreciation to mitigate centralization risks [4] - Deeper network security features are needed to reduce the obligation for centralized entities to accumulate ETH for risk management [6] - Decentralized stablecoins need to gain traction as an alternative to centralized stablecoins [6] - Governance caps for giga whales when voting on protocol proposals could help to maintain decentralization [6] - Regulators may need to intervene to ensure disclosure around influence or control, similar to traditional financial systems [4] - World Liberty Financial (WLF) has been hedging its risk by holding TRX and ETH [5]

Centralization Risk & Stablecoins - The cryptocurrency industry acknowledges centralization risk as a significant concern, particularly regarding the imbalance between ETH's economic security (staked ETH) and the total value of stablecoins it secures [1][2] - Stablecoin issuers face business risks if the underlying chain's security diminishes, potentially leading them to become net buyers of ETH to ensure the security of tokenized assets [2] - Centralized entities accumulating large ETH holdings poses a threat of influence, politically or otherwise, potentially undermining the decentralized future envisioned by Satoshi [2] - Circle and Tether might accumulate DeFi tokens to influence governance decisions on protocols, creating an illusion of decentralization [3] Potential Solutions & Market Dynamics - The industry suggests that ETH market capitalization needs to grow through broader adoption, staking, and price appreciation to mitigate centralization risks [4] - Deeper network security features are needed to reduce the obligation for centralized entities to accumulate ETH for risk management [6] - Decentralized stablecoins need to gain traction as an alternative to centralized stablecoins [6] - Governance caps for giga whales when voting on protocol proposals could help to maintain decentralization [6] - Regulators may need to intervene to ensure disclosure around influence or control, similar to traditional financial systems [4] - World Liberty Financial (WLF) has been hedging its risk by holding TRX and ETH [5]