Episode 436
📍 Coinbase has accumulated over $300 million in ETH, more than double Base's total ETH earnings, refuting rumors of ETH liquidations.
📍 Layer 2 scaling solutions, such as Base, are criticized for using centralized sequencers that may lead to profit models misaligned with Ethereum values.
📍 Meanwhile, Bitcoin HODLer Metaplanet has achieved $35 million in unrealized gains in 2024, thanks to its BTC treasury, and plans to acquire up to 21,000 BTC by 2026.
📍 Metaplanet's shares have surged 64% year-to-date, with the company announcing plans to increase its bitcoin holdings through debt and equity issuance.
📍 The use of centralized sequencers in layer 2 solutions may contribute to Ethereum's inflationary nature, as most fees collected in ETH are retained or offloaded into the market.
