Ethereum Faces 'Midlife Crisis' Amidst Rising Competition

altcoin chronicle

25 Mar 2025

Ethereum, the second-largest cryptocurrency, has experienced a 40% price decline over the past three months, reflecting its waning appeal among investors. Factors contributing to this downturn include disillusionment with decentralized finance (DeFi) applications, the distraction of memecoins, and internal conflicts among Ethereum's network developers.

Additionally, faster and more cost-effective blockchains like Solana are intensifying competition, posing challenges for Ethereum's market position.

China Debates Management of Seized Cryptocurrencies

China is currently grappling with the challenge of managing a substantial cache of cryptocurrencies seized from criminal activities, amidst a national ban on crypto trading. The absence of clear regulations has led to inconsistent handling of these digital assets by local governments, with some selling them through private companies to

Russia Advocates for Development of Domestic Stablecoins

In response to recent financial sanctions and the blocking of Russia-linked digital wallets containing over 2.5 billion rubles in USDT by Tether, a senior official at Russia's Finance Ministry has advocated for the development of domestically produced stablecoins. Osman Kabaloev, the deputy head of the ministry'

Kraken Lays Off Hundreds Ahead of Planned IPO

Kraken, a leading cryptocurrency exchange based in San Francisco, has laid off approximately 15% of its workforce—around 400 employees—as part of a strategic restructuring ahead of a planned initial public offering (IPO). This move comes under the leadership of newly appointed co-CEO Arjun Sethi, who joins Dave Ripley

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy

Bhutan is harnessing its abundant hydropower resources to mine green cryptocurrencies, aiming to stimulate economic growth, provide employment, and curb youth emigration. The country's sovereign wealth fund, Druk Holding and Investments Ltd., has been investing in digital assets since 2019, using profits to pay government salaries. Officials plan

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy