NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin

Jake Simmons
Jake Simmons
1 month ago
3 mins read
Ethereum news

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.

Ethereum co-founder and ConsenSys CEO Joseph Lubin ignited ETH discourse on August 30 with an unusually expansive thesis about the network’s monetary and institutional trajectory, arguing that Wall Street will migrate its core infrastructure onto Ethereum rails and that ETH “will likely 100x from here,” ultimately “flippen[ing] the Bitcoin/BTC monetary base.”

“I am 100% aligned with almost all of what Tom @fundstrat says here,” Lubin wrote, before mapping out a future in which major financial firms “stake, run validators, [and] operate L2s/L3s,” build DeFi exposure and “write smart contract software for agreements, processes and financial instruments.”

Related Reading

Ethereum Demand Climbs As Monthly Transactions Hit New All-Time High

1 month ago

He singled out JPMorgan as a bank already steeped in Ethereum technology since “2014–2015.” “The one quibble that I have with what Tom has been saying… he is not nearly bullish enough,” Lubin added. “But the real problem is that it is not possible to be bullish enough.”

Lubin’s Big Plans For Ethereum

Lubin also attempted to puncture a popular narrative about scaling tradeoffs, contending that “the narrative of L2s cannibalizing L1 will very soon be shattered.” He pointed readers to Consensys’ Linea network and a newly public “Proof-of-Burn” initiative as examples of coordination mechanisms that could strengthen Ethereum’s base layer economics rather than dilute them.

The second leg of Lubin’s thesis centered on tokenizing Ethereum’s burn into a transferable primitive dubbed BETH, introduced last week by the Ethereum Community Foundation (ECF). In follow-up posts, Lubin prodded the ecosystem to “dig into all the ramifications of tokenizing and explicitly accounting for burned ETH,” even floating a playful incentive experiment: “Would you burn a bit of ETH for [a @BanklessHQ] episode? … Would some of you send some of that BETH to @BanklessHQ?” Beyond media stunts, he sketched potential demand sinks and governance uses: “Would there be a growing demand for BETH as it takes on signaling and voting power in many different contexts?”

Under the ECF design, BETH is an immutable ERC-20 that mints 1:1 when ETH is provably destroyed. The contract forwards deposits to the canonical burn address and issues BETH to the depositor; supply equals cumulative burned ETH by construction, with no admin keys and no redemption path back to ETH. This makes burn—not issuance—the productive act that yields a new asset representing alignment with scarcity. The reference implementation and contract address were published by ECF alongside a blog explainer.

Related Reading

Ethereum price prediction news

Ethereum To $5,500 In Weeks, $12,000 By Year-End, Tom Lee Predicts

1 month ago

Lubin then speculated on derivative layers that might emerge on top of BETH—“BBETH, BBBETH, etc.”—as context-specific assets. He analogized this to early “colored coins” on Bitcoin, with a critical distinction: these “shades of BETH” would live natively in Ethereum’s token standards and tooling, eliminating the off-chain recognition problem that stymied first-generation experiments. “One could think of [BBETH/BBBETH] as a more refined element of ‘cracked ETH’… more scarce,” Lubin wrote, suggesting games and other constrained economies as potential testbeds.

The near-term market framing came via Fundstrat’s Tom Lee, whose latest public commentary has been notably constructive on Ethereum’s institutional arc. Lee has argued that Wall Street’s operational stack is migrating to blockchains, that ETFs and staking rails provide investable wrappers for compliance-first capital, and that Ethereum could be the “biggest macro trade over the next ten to fifteen years.” Lubin, for his part, said the two “get on calls intermittently” to coordinate strategy in areas of overlap while “competing in highly differentiated ways.”

At press time, ETH was trading around $4,399.

Ethereum price
ETH consolidates below key resistance, 1-week chart | Source: ETHUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
Tweet123Share196ShareSend
Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

Read more

His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

Close

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.

Related News

Crypto

Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead

The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new...

Ronaldo Marquez 1 day ago
Ethereum news

Analyst Sounds Alarm: Ethereum Could Unwind To $2,850

In a market update on Oct. 10, technical analyst Nik Patel (@OstiumLabs) argued that Ethereum is approaching a make-or-break zone...

Jake Simmons 1 day ago
Ethereum breakout? Tom Lee ziet $5500 tot $12.000 in Q4 2025

Legendarische trader Tom Lee voorspelt $5000 ETH koers – altseason timing

De bekende Wall Street veteraan Tom Lee, oprichter van onderzoeksbureau Fundstrat Global Advisors, heeft opnieuw voor beweging gezorgd in de...

Lars Diederiksen 1 day ago
Load More

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.

Related News

Ethereum Slides

Ethereum Slides Gradually — Buyers Losing Control As Market Turns Cautious

Aayush Jindal 6 hours ago
Ethereum

The Inevitable Convergence: How Ethereum Became The Settlement Layer For All Altcoins

Godspower Owie 12 hours ago
tom-lee-ethereum-5000-bull-run-top-3-100x-coins-tw

Tom Lee:以太坊價格有望飆升至5000美元 牛市開始前不能錯過的3個百倍幣

Mark Mak 1 day ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格予測:12月に史上最高値の可能性、新興プレセール銘柄が注目を集める

    イーサリアム...

    20 hours ago
  • ビットコイン 今後:12億ドル規模のETF資金流出で10万7,000ドルのサポートが注目点に

    ビットコイン...

    20 hours ago
  • シバコイン 今後の価格予測:2025年強気相場に向けて再浮上の兆し、トークンバーンは上昇の鍵となるか

    シバコイン...

    20 hours ago
  • パイネットワーク価格予測:メインネットの噂で注目上昇、初期投資家に利益の可能性はあるか?

    ...

    21 hours ago
  • Have Dogecoin - Count It Toward Your Mortgag

    Có Dogecoin? Dùng để trả thế chấp – và lý do...

    21 hours ago

Newsletter

About Us

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.