Galaxy Digital CEO Criticizes Ethereum’s Struggles Amid Regulatory Pressure

07.02.2025 15:00 1 min. read Alexander Stefanov SHARE: 0 SHARES Mike Novogratz, the CEO of Galaxy Digital, recently raised concerns about Ethereum's performance, expressing disappointment over its lag behind competitors like Bitcoin and Solana. Despite being a longstanding advocate for Ethereum, Novogratz acknowledged that ETH has underperformed, attributing this to ongoing regulatory pressures, particularly from the U.S. Securities and Exchange Commission (SEC). In an interview, Novogratz pointed to former SEC Chairman Gary Gensler’s actions, such as his scrutiny of Ethereum-related projects, including lawsuits against entities like ConsenSys and questions over whether ETH itself could be considered a security. Last year, ConsenSys sued the SEC over its stance on ETH, although the SEC later approved the launch of Ethereum spot ETFs, affecting how investors view the asset. While Bitcoin and Solana have reached new highs during recent bullish trends, Ethereum has struggled. Novogratz also touched on the shift in Ethereum’s market narrative. He noted that, unlike Bitcoin, Ethereum’s value proposition has evolved, with investors now viewing it more as a store of value and its potential role in Web3 technology driving interest. Another challenge Ethereum faces is the uncertainty surrounding the Ethereum Foundation and its leadership. Novogratz acknowledged the “FUD” (fear, uncertainty, and doubt) surrounding Vitalik Buterin and the foundation, stressing the importance of maintaining a strong, research-focused foundation to advocate for Ethereum’s long-term growth. SHARE: 0 SHARES More Altcoins News Memecoins Suffer Huge Loss as Market Faces Turmoil Meme coins, once riding high on speculative hype, have suffered a sharp decline in the past few weeks, shedding $44 billion from their market cap. 07.02.2025 18:30 1 min. read Alexander Zdravkov Bitcoin and Altcoins Struggle as U.S. Jobs Data Falls Short of Expectations Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump. 07.02.2025 16:30 1 min. read Alexander Stefanov Here Are the Altcoins Crypto Whales Are Buying Right Now In recent days, Bitcoin and other altcoins have faced significant price drops due to heavy selling pressure, but large investors, often referred to as “whales,” have been seizing the opportunity to buy up numerous altcoins, including some of the most popular ones. 07.02.2025 16:00 1 min. read Kosta Gushterov Binance Futures Listings Trigger Massive Sell-Off for AI Tokens AI-focused cryptocurrencies have faced a brutal downturn following their introduction to Binance’s perpetual futures market, reigniting concerns over the influence of derivatives trading on smaller digital assets. 07.02.2025 15:00 2 min. read Kosta Gushterov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: