Bitcoin Plunges Below $84K after $115B Sell-Off Wipes Out Weekly Gains

Arthur Hayes speaks on stage during Bitcoin Conference 2023 (Photo by Jason Koerner/Getty Images for Bitcoin Magazine)

By Shaurya Malwa Fri, 04 Apr 2025 05:45:54 +0000 (Getty Images) Read full article at CoinDesk

Ether’s (ETH) declining appeal as an investment comes from layer-2’s draining value from the main network and a lack of community pushback on excessive token creation, a crypto venture capitalist says. “The #1 cause of this is greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK,”…

The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci. “It’s LAWFARE, pure and simple due to an obscure but dangerously powerful New York law known…