Ethereum is under new sell pressure after a high-profile crypto trader sold his ETH assets to buy decentralized finance (DeFi) tokens. This action is happening at a time when ETH is trading flat around the psychological $3,000 price level. Why Is Hayes Moving Capital into DeFi? Arthur Hayes, co-founder of BitMEX, affirmed that he is
The post Ethereum Faces Selling Pressure as BitMEX Co-Founder Rotates $2M Into DeFi Tokens appeared first on CoinGape.
Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.
