Cena TonUPUP

Ethereum (ETH) co-founder Vitalik Buterin has publicly acknowledged that Bitcoin (BTC) still holds certain advantages over Ethereum in specific parts of the cryptocurrency ecosystem. His remarks surfaced during a broader discussion on X (formerly Twitter) on June 4, where users were debating Ethereum’s current technical strengths and its limitations. Responding to community insights on Ethereum’s ongoing development, Buterin agreed that while Ethereum certainly leads in some aspects, Bitcoin remains ahead in others. Specifically, he pointed to Bitcoin’s recognized lead in protocol simplicity. He also noted its typically lower frequency of network updates and its higher current node count. Another advantage Buterin mentioned for Bitcoin is its reduced reliance on third-party Remote Procedure Call (RPC) services like Infura, Alchemy, or Ankr—infrastructure that some Ethereum applications currently depend on. However, Buterin also clearly reaffirmed Ethereum’s dominance in areas like censorship resistance and overall protocol-level security. He credited the network’s continuous upgrades, including the shift to Proof of Stake and the development of rollups, for significantly strengthening Ethereum’s decentralization and its capacity for trustless transaction execution. Buterin also took time to address the current state of Ethereum’s Layer 2 (L2) scalability stack, which he acknowledged continues to face major development hurdles. In a follow-up post, he challenged the idea that cross-chain interoperability between L2s has been fully resolved. He stated that existing L2 networks do not yet provide the same deeply trustless and censorship-resistant experience that users get on Ethereum’s Layer 1 (L1). According to Buterin, true interoperability is only achieved when cross-L2 transactions can happen without needing to rely on intermediaries. He brought up the “no regression principle,” emphasizing that Ethereum’s native L1 transfers must serve as the benchmark for security, trustlessness, and decentralization that L2s should aspire to, not fall short of. Meanwhile, on the market front, Ethereum’s price has shown a small recovery. At the time of writing, ETH was trading at $2,640.55. This marks a 0.99% increase over the previous 24 hours. Its market capitalization has climbed to $318.77 billion, reflecting a similar 0.97% gain. However, daily trading volume for ETH fell by 17.20% to $16.61 billion. This drop in volume suggests a possible slowdown in immediate buying activity. ETH’s intraday movement showed a slight dip before it began to ascend in the early evening of June 3. The price peaked above $2,650 before entering a phase of minor volatility. A continued upward trend then resumed around 3:00 AM on June 4, with the asset forming higher lows into the midday trading session. The current volume-to-market-cap ratio for ETH stands at 4.98%, a figure that points to relatively low market liquidity at the moment. Ethereum’s circulating and total supply remain fixed at 120.72 million ETH, with no maximum cap currently in place. The asset’s overall profile score from some data providers holds steady at 100%. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

CoinGecko shared a list of the top blockchains by Total Value Locked (TVL), a key DeFi metric showing assets staked in protocols. Ethereum maintains its dominance with a TVL of $62.4 billion, followed by Solana at $8.6 billion, and Bitcoin at $6.1 billion. Other notable platforms include BNB Chain ($5.9 billion), Tron ($4.8 billion), Base ($3.7 billion), Arbitrum ($2.4 billion), Sui Network ($1.7 billion), Avalanche ($1.5 billion), Aptos ($1.1 billion), Berachain ($1.0 billion), Polygon ($0.9 billion), and Sonic Labs ($0.8 billion). Looking at the list, it’s easy to notice a few interesting tidbits. For starters, Solana has experienced a big surge in TVL, marking roughly an 800% increase over the past year. There are likely several factors to this, from the high-profile meme coins at the start of 2025 (for instance $TRUMP), to Solana’s stablecoin supply surpassing $10 billion also at the beginning of this year. Another notable development is the fact that Bitcoin is in the top 3, or rather that its TVL is $6.1 billion. This is interesting because Bitcoin is not traditionally associated with DeFi nor is it a primary DeFi chain. Bitcoin’s current position is probably due to the emergence of Bitcoin Layer-2 solutions and wrapped BTC protocols which enable Bitcoin’s participation in DeFi activities. Judging by the list, it seems that emerging chains like Aptos and Berachain signal rising competition in the Layer-1 space, showing that the newer blockchains are gaining traction. By some accounts, the DeFi sector has shown growth in early 2025, with the total TVL across all platforms reaching $127 billion. Ethereum continues to lead, but the rise of platforms like Solana indicates a diversifying ecosystem. Solana is on a rapid ascent fueled by meme coin popularity and stablecoin adoption, but seeing as meme coins aren’t that popular at the moment, we’ll have to see how much growth there will be in the future. Still, Solana has platforms such as Raydium (a decentralized exchange) that notably contribute to its TVL. In any case, as the DeFi space evolves and the newer platforms continue to challenge established ones, we just may see some new changes next time a similar list pops up. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell and the central bank’s interest rate policy on Truth Social today, June 4, 2025. His comments followed a sharply disappointing May ADP employment report, which revealed only 37,000 private-sector jobs were added, far short of the 110,000 economists had forecast. Trump directly blamed Powell for what he termed ignoring clear signs of a weakening economy. He argued that Powell’s inaction was putting additional strain on American households and businesses. According to Trump, the Federal Reserve must respond quickly by cutting interest rates. In his statement, Trump drew comparisons between the Fed’s position and that of central banks in Europe, where a few have already lowered interest rates. He accused Powell of lagging behind his global counterparts even as U.S. inflation shows signs of cooling. Trump also claimed that Powell’s refusal to lower interest rates now could aggravate any potential economic slowdown, emphasizing the U.S. economy needs immediate support, not continued policy delays. Related: New Trump Crypto Wallet: Family Members Deny It, But Partner Magic Eden Insists It’s Official This criticism is consistent with Trump’s previous public statements about Powell, which started during his presidency and have picked up again in recent months as some economic indicators have softened. Federal Reserve Chair Jerome Powell responded indirectly by reaffirming the Fed’s commitment to data-based decisions. He stated that the central bank would remain independent and avoid political influence. Powell explained that interest rate decisions depend on a full range of economic data, not public pressure. Despite political commentary, Powell has maintained the current policy stance due to persistent inflation risks. The Federal Open Market Committee (FOMC) has held rates steady, citing the need for more consistent evidence of a slowdown before easing monetary policy. The ADP report was the weakest monthly reading since January 2021. Combined with soft consumer sentiment and mixed inflation data, the report adds complexity to the Fed’s decision-making process. Traders now speculate whether the central bank will signal a shift at the next FOMC meeting. Related: Trump Family Disavows “Official TRUMP Wallet” as Magic Eden Partnership Sparks Chaos For now, Powell stands firm. But with Trump raising the volume and economic momentum slowing, the Federal Reserve may face increasing calls to act—whether or not it chooses to listen. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pro-XRP lawyer John Deaton has suggested Elon Musk and Tesla may purchase additional Bitcoin following the Tesla CEO’s harsh criticism of the recent Congressional spending bill. Deaton’s prediction comes as Musk launched a scathing attack on what he termed a “pork-filled” legislative package. “Wouldn’t be surprised to see Elon and Tesla buy more Bitcoin . The Big Beautiful Bill is a walking billboard and advertisement for buying Bitcoin,” Deaton posted on X, directly replying to Musk’s criticism of the FY2025 budget. Musk’s frustration was evident in his social media response: “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.” The spending bill includes H.Con.Res.14 and H.R. 1968, totaling $1.6 trillion in discretionary spending, with $895 billion allocated to defense and $711 billion to non-defense programs. Critics, like Musk, argue that the legislation contains wasteful spending on specific regional projects and industry subsidies. Related: Is Bitcoin Ready for a June Shake-Up? Fed Moves and Inflation Data Set the Stage Musk expanded his criticism by highlighting the fiscal implications of continued deficit spending. In a follow-up post, he warned that interest payments already consume 25% of all government revenue, creating an unsustainable trajectory. “If the massive deficit spending continues, there will only be money for interest payments and nothing else! No social security, no medical, no defense … nothing,” Musk stated . He emphasized the long-term consequences of current fiscal policies. This concern about debt service costs aligns with growing worries among fiscal conservatives about the sustainability of current spending levels. With interest rates still high, a growing share of government expenditures is being used to cover interest payments on the national debt. Coinbase CEO Brian Armstrong joined the conversation by linking fiscal irresponsibility to Bitcoin’s potential as an alternative reserve currency. Armstrong warned that unchecked deficit spending could accelerate Bitcoin’s adoption as a global monetary standard. Armstrong’s comments highlight the tension between cryptocurrency advocates who see Bitcoin as a hedge against fiscal mismanagement and those who prefer maintaining dollar dominance through responsible government spending. The Coinbase CEO’s perspective suggests that while Bitcoin’s rise could benefit from fiscal instability, a strong American economy remains crucial for global stability. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Nintendo's Switch 2 launched on Thursday and is widely expected to be in short supply globally amid pent-up demand for the more powerful next-generation gaming device