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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Boosting Ethereum: Bankless Cofounder Lays Out New Vision For Price Surge

Christian Encila
Christian Encila
6 months ago
2 mins read
Ethereum

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The price of Ethereum has fallen on tough times during the second quarter of 2025, dipping to a low of $1,415 before somewhat recovering to linger around the $1,500 level. Crypto analysts are now offering their thoughts on what is driving the largest altcoin’s recent woes.

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Bankless Cofounder Points To Community Attitude Problems

David Hoffman, a co-founder of Bankless, has turned to social media site X to opine about Ethereum’s price issues. In Hoffman’s view, the actual problem isn’t what most mainstream critics have their attention on – rather, he thinks that Ethereum’s leadership and community culture are driving users away.

Hoffman pointed to two particular instances of this issue: public expulsion of ETH staking platform Lido Finance and the brutal treatment of some traders who were referred to as “degenerate.” He asserts these actions demonstrate a trend of alienating users and builders on the network.

‘Stop Policing Behavior,’ Hoffman Says

The cryptocurrency executive contends that Ethereum’s effort to manage user activity on what is supposed to be a permissionless blockchain has emerged as a central reason for its price drop.

Everyone is midcurving why ETH’s price performance has sucked

Ethereum leadership and culture have alienated users and builders by being hostile to its own app layer.

We publicly exorcised @LidoFinance. We’ve shunned traders and degens.

On a permissionless chain, we’ve tried…

— David Hoffman (@TrustlessState) April 12, 2025

“If we want ETH to grow, the EF and larger community need to begin bringing in users and builders, not driving them away with a holier-than-thou culture,” Hoffman wrote in his post.

According to reports, the Lido Finance platform has in the past received strong criticism from the Ethereum community regarding regulatory issues, centralization, and security concerns. On the other hand, some traders were accused of creating high gas prices and failing to back long-term projects.

ETH is currently trading at $1,611. Chart: TradingView

Ethereum Price Indicates Signs Of Recovery

In spite of all this, Ethereum’s price has demonstrated a little life in the form of a 3% jump within a 24-hour time frame. This arrives at a vital juncture, as ETH had reportedly reached a five-year low in correlation to Bitcoin.

There are some believers among the community. Leo Glisic is one of them who hopes for positive upside on Ethereum given its position as “infrastructure” for the future global financial system.

In the opinion of Glisic, “Ethereum will be the settlement and interoperability layer, which is a winner-take-all market.”

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Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think

6 months ago

Featured image from Pexels, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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