Search results for Blockspace
Crypto
Blockspace closes funding round, targets Ethereum infrastructure business
Ethereum infrastructure company Blockspace has completed a new funding round. The round was led by BlueYard, with participation from EtherFi Ventures, Quasar Builder, Sharplink, BreedVC, Luganodes and Stakely, among other teams and individuals. Blockspace positions itself as an infrastructure company supporting Ethereum’s core product, blockspace. It earns ETH by staking and repeatedly restaking earned ETH, while keeping its ETH holdings at 15 percent of total staked volume.
Crypto
Why Ethereum bull David Hoffman sold his ETH
David Hoffman, known as an Ethereum bull, sold all his remaining ether last week. He judged that ETH already reflects the price it should command in the market and that the scope for a re-rating is limited. Hoffman said Ethereum has achieved enough to justify its market value, but the investment case that “ETH is money” has weakened. He remained bullish on the Ethereum network, while noting layer2 networks capture most fees and profits.
Crypto
Adam Back says memecoins and altcoins are meaningless, urges buying and holding bitcoin
Blockstream CEO Adam Back (아담 백) said many token prices, including memecoins and smart-contract tokens, are being repriced late and again urged investors to buy and hold bitcoin. In posts on X on May 23 and 24, he wrote: \"Buy bitcoin, hold it, repeat.\" Back said he has long believed altcoin prices could converge to $0, citing lack of cash flow, blockspace demand and sustainable competitive advantage.
