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EF researchers aim to enhance Ethereum’s scalability and economic model During a recent Ask Me Anything (AMA) session on Reddit, Ethereum Foundation (EF) researchers discussed the future of Ethereum $ETH, focusing on improving the network's scalability and revenue, according to The Block. EF researchers Justin Drake and Dankrad Feist emphasized the need for the Ethereum base layer to increase its data availability and boost revenue. Drake predicted that in about ten years, Ethereum could process up to 10 million transactions per second, potentially generating $1 billion in daily revenue if transactions cost as little as $0.001 each. The team also talked about future scaling plans like danksharding, which aims to match supply and demand for data availability while maintaining stable revenue streams at the base layer. The session also allowed key developers, including co-founder Vitalik Buterin, to outline their plans to boost the network's economy. They intend to recapture revenue from layer-2 blockchains and enhance transaction execution on the base layer through "native rollups."

The crypto market continues its downward spiral, with Cardano (ADA) plunging below $0.70. Currently trading at $0.66, ADA has lost 10% in the past 24 hours, following the broader market sell-off. If this trend continues, analysts warn that Cardano could fall to as low as $0.40 in the coming days. ADA/USDT 1-day chart - Bitget Several major factors have contributed to the sharp decline in ADA’s price: SEC ETF Delays – Investors remain cautious as the U.S. SEC has yet to approve key crypto ETFs. The uncertainty is holding back buying activity, contributing to market weakness. Profit-Taking from the Previous Bull Market – Traders are selling off assets to secure profits, increasing selling pressure on major altcoins like Cardano . Bybit Hack Shakes Market Confidence – A $1.4 billion hack on Bybit has rattled investors, leading to panic selling across the market. Security fears often cause traders to exit positions to minimize risks. If the selling pressure continues, ADA could drop to key support levels: Cardano’s future remains uncertain as macroeconomic factors and regulatory concerns weigh on the entire crypto market. If Bitcoin and Ethereum continue to fall, ADA could see even more downside in the coming days.

Ethereum is facing its worst February in years, with prices plummeting as low as 25% amid mounting uncertainty. The cryptocurrency dumped to a multi-week low of just over $2,300 hours ago before staging a minor recovery. A Red February According to Spot on Chain, February is usually a bullish month for ETH, with only one red example in 2018. However, this year seems to be an exception. Macroeconomic factors, including new tariffs from U.S. President Donald Trump, are contributing to the instability. They have raised fears of a tighter global economic climate while also putting traditional markets under pressure. This has, in turn, impacted risk assets like crypto, pushing ETH into a sub-$2,400 level. A recent security breach on the Bybit exchange that resulted in the theft of $1.4 billion in crypto (mostly ETH) also contributed to market instability. In the immediate aftermath of the hack, ETH lost 7% of its value. Since then, the exchange has restored its reserves by securing 446,870 ETH through whale deposits, loans, and direct purchases. The company’s CEO, Ben Zhou, confirmed that it has fully recovered losses and is preparing an audited proof-of-reserves report to reassure users. However, this has done little to invigorate ETH, with the cryptocurrency struggling to break above $2,800, indicating persistent bearish pressure. ETH Down 14% in 24 Hours Earlier today, ETH dumped to $2,310 before recovering some ground to almost $2,400. Furthermore, the asset has failed to maintain key support levels in the last seven days, sparking concern about further declines. Looking at its monthly performance, ETH started February at $3,217 but has since lost more than $800 in value. Over the week, it fell 7.3%, amplifying bearish sentiment. Its 24-hour movement has not been much better, shaving off more than 14% of its daily high of $2,733 to its current price, per data from CoinGecko. Analysts have warned that with the altcoin failing to hold $2,400, its next major support lies at $2,250, potentially opening the door for further losses. Ethereum’s woes aren’t isolated. Bitcoin, the number one cryptocurrency by market capitalization, has also struggled, dropping below $90,000 despite Strategy (formerly MicroStrategy) recently buying a whopping $1.99 billion worth of the cryptocurrency. The post Ethereum (ETH) Price Sinks Below $2,400 Amid February Market Uncertainty appeared first on CryptoPotato.

A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm’s financial resilience and protecting its business from currency depreciation risks. Stafford Masie, chairman of Altvest Capital’s board of directors – which played a crucial role in the company’s decision – has expressed his unwavering support for Bitcoin. A former head of Google for South Africa, Masie has been a prominent BTC advocate pushing for the adoption of the leading digital asset in the country. Bitcoin or Nothing During a session with a podcast for the crypto exchange VALR, Masie told the host, Farzam Ehsani, that he is a Bitcoin maxi who does not believe in other blockchain projects. According to a podcast transcript shared with CryptoPotato, Masie sees every other blockchain as an interesting computer science project and a copy of Bitcoin that is trying to solve a problem in a niche, like offering a scalability solution for a challenge. Masie revealed that he disliked other blockchain projects because they “murky the waters” and frequently get in the way of Bitcoin. With the market currently witnessing some sort of detachment between Bitcoin and altcoins, Masie believes people are beginning to see the difference between both ecosystems from a decentralization and security point of view. Regardless, Masie insisted that he stands for Bitcoin only because every crypto entity inevitably moves back to it. He said whatever happens in “Bitcoin land” eventually ends up in the BTC space over the long term. “But me, I am Bitcoin. I’ve always been Bitcoin. I mean, I’ve said it years ago. I don’t believe in blockchain projects…I love Bitcoin. I’m in Bitcoin and Bitcoin only. I’m a maxi,” the Altvest board chairman stated. The Need For a South African SBR Talking about the importance of a Strategic Bitcoin Reserve (SBR) for South Africa, Masie compared bitcoin (BTC) to gold. He asserted that the cryptocurrency had greater characteristics than the precious metal. Citing Bitcoin’s deflationary model, fixed supply, and stock-to-flow ratio, Masie argued that its utility “foul-strips” that of gold. Masie thinks South Africans need to lobby for the government to invest a portion of national funds into Bitcoin because the long-term benefits are substantial. In the meantime, Masie intends to utilize unused energy in South Africa to turn the country into a Bitcoin mining hub over the next few years. The post Bitcoin or Nothing: Altvest’s Board Chairman Dismisses Other Blockchain Projects appeared first on CryptoPotato.

The crypto market is in a full-scale meltdown, with $325 billion in market cap wiped out since Friday morning as of press time, according to data from Coinglass, which also shows that the largest drop was when $100 billion disappeared within one hour. There were no major headlines covering the sudden crash, making it seem like not a big deal at all, almost as if no one even cared anymore. Even meme coins, which had been on fire in recent weeks, have taken a severe hit. Liquidity has dried up across the board, raising concerns about even more downside. The sell-off of course started with the Bybit hack on February 21 when North Korea’s Lazarus Group pulled off the biggest financial heist in history, draining $1.5 billion from Bybit’s Ethereum wallets. This theft was so big, it’s double the size of the previous record-holder, which is the $611 million PolyNetwork hack that happened in 2021. Ethereum, which was already performing terribly, got even worse as traders scrambled to pull funds out, fearing another FTX-style collapse. Even though Bybit CEO Ben Zhou quickly announced that the exchange would cover all losses, it wasn’t enough to restore confidence. Traders don’t forget billion-dollar hacks that easily. At first, Bitcoin stayed out of the mess. However, once the S&P 500 tanked on Friday, Bitcoin broke down too. The second stocks started slipping, Bitcoin followed, losing its key $98,000 support level. One major factor that sent Bitcoin spiraling was Citadel Securities, which announced yesterday that it was moving into crypto as a liquidity provider. Instead of reassuring traders, it triggered a “sell the news” reaction, with investors rushing for the exits. Memecoins collapse, Bitcoin struggles Solana, which has now dropped 22% since Friday. The memecoin sector, which had been one of crypto’s wildest success stories this year, is getting slaughtered. With Solana’s crash, traders dumped their memecoins en masse, draining the last bit of liquidity from the market. This actually started when Argentina’s President Javier Milei publicly endorsed LIBRA, a Solana-based meme coin, which quickly pumped like crazy—until it crashed into oblivion, wiping out $4.6 billion in investor money. The scandal-tainted Solana’s reputation, and now, with $1.72 billion in SOL tokens set to be unlocked on March 1, the market is preparing for even more selling pressure. According to digital asset manager Arca, altcoins as a group have already lost between 30-80% since mid-December. Even Dogecoin, which had been riding on Elon Musk’s federal workforce cuts, is down nearly 7%. Crypto-related stocks are also taking a beating, as Coinbase has fallen for six straight days, which is its worst losing streak in months. Bitcoin miner MARA Holdings, which already plunged 13% last week, has lost another 2.6% today, and Strategy (formerly MicroStrategy) is also slipping, despite doubling down on Bitcoin buys, per data from Google Finance. On Monday, Strategy filed with the SEC, revealing that it had once again bought 20,356 Bitcoin between February 18-23 for $97,514 per coin, worth a total $1.99 billion. This makes it one of the company’s biggest Bitcoin acquisitions ever, pushing Strategy’s total holdings to $47.7 billion—equivalent to 2.5% of all Bitcoin that will ever exist. The company funded this buy with proceeds from its $2 billion convertible bond sale last week. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More