2min chapter

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The Chopping Block: Are VCs Bad for Crypto? - Ep. 481

Unchained

CHAPTER

The Proof of State Transition for Ethereum

Ether hit $2,000 on the back of shapella. It's not a hotel California anymore, you can check out if you want. The majority of that is coming from Kraken after being forced to shut down their ETH staking business. And so I think overall, hey, short of some structural selling, it sort of completes the proof of state transition for Ether.

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