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Ethereum Whales Are Not Slowing Down... An OTC whale (0x8c58) purchased another 10,000 ethereum:native worth about $19.1 million, according to Lookonchain. The same wallet bought 27,000 ETH, valued at about $52 million, two weeks earlier. Separately, another whale (0x2684) added 3,960 ETH on Aug. 5 after accumulating more than 79,000 ETH since late June.

Ethereum should not focus on gaming staking issuance and cutting staking rewards. That is not the problem Ethereum needs to solve. Ethereum is still an unfinished product when it comes to serving the financial system. At the protocol level, the priorities are privacy, scalability, and security. We need real breakthroughs and the leadership to deliver them. At the application layer, the focus should be on scaling the use cases Ethereum was built for: stablecoins, DeFi, and RWAs that bring the financial system onchain. We have achieved a lot over the past decade, but the last mile matters most.

Ethereum has serious issues we need to handle. Both as a protocol and an ecosystem for users and developers. Issuance aint it. Everybody has already given arguments why issuance does not need to be touched. Let's spend our energy where it matters please. It's a finite resource

ETH was never meant to just sit idle. That's why on Cap, over $40M ETH across weETH, stETH, and OETH are actively utilized securing borrowers and earning real yield in the process. Increasing the productivity of ETH. That's Cap 🧢