Peter Thiel Departs from ETHZilla as Firm Liquidates $74.5M in ETH Amidst Market Volatility
Peter Thiel and Founders Fund have fully divested from ETHZilla Corp, selling their ether (ETH) holdings for $74.5 million, as confirmed by an SEC filing. Originally a biotech firm named 180 Life Sciences Corp., ETHZilla transitioned to cryptocurrency management in August, a move that coincided with a significant market downturn. The company, which once held over 100,000 ETH, has been liquidating its assets due to this downturn, selling ETH in October and December to cover debts, repurchase shares, and repay senior secured convertible notes. ETHZilla has also launched a subsidiary, ETHZilla Aerospace, indicating a shift towards real-world, asset-backed offerings. Despite no public comment on Thiel's departure or the ETH sales, the moves highlight the financial struggles of crypto-focused public companies and the need for careful financial management amidst market volatility.
🚀 Ethereum ($ETH ) — Relief Bounce or Bull Trap?
📈 Bounce Play — LONG
Entry Zone: $1,960 – $1,990 🟩
Bullish Confirmation Above: $2,020
🎯 TP1: $2,080
🎯 TP2: $2,150
🎯 TP3: $2,250
Stop Loss: $1,920 🛑
• Price reacting from local demand zone
• Attempting short-term higher low formation
• $2,020 = key resistance flip level
• Reclaim + hold above $2,020 → momentum confirmation
If bulls defend the $1,960–$1,990 area and push through $2,020 with volume, the first expansion zone sits near $2,080.
Continuation above $2,080 increases probability of $2,150, with $2,250 as extended upside if broader market conditions align.
#Ethereum #cryptotrading #RiskManagement #StrategyBTCPurchase
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#fogo $FOGO
Fogo launches with a clear and principled approach: deliver a powerful, open network today, while building methodically toward the future. This post outlines at a high level the foundational Day 1 architecture you can build on from launch.
The Engine: A Custom Firedancer Client. Fogo’s core is a custom Firedancer client, built on performant Agave code with Fogo-specific modifications. The Fogo client is a powerful adaptation focused on delivering operational stability and speed in @fogo unique environment. Network consensus is compatible with improvements to Firedancer as they emerge.
Consensus: Stability First. All initial active validators are currently collocated in a single, high-performance data center in Asia, where they are adjacent to a center of gravity for other crypto exchange servers. Validators are also running full nodes in alternate data centers and are on standby for immediate contingency rotation.
@fogo
#PredictionMarketsCFTCBacking
Prediction Markets, CFTC Backing
Something big is happening beneath the surface of the "prediction markets versus gambling" argument: the folks in charge are making a choice.
This week, the Commodity Futures Trading Commission got involved in a court case, backing Kalshi. They argued that these event contracts fall under federal oversight for derivatives, rather than a jumble of state laws that ban them.
And it's not just this one situation. States like Nevada and Massachusetts are pushing back, especially when the contracts start to resemble sports betting. But the CFTC's main point is clear: "We oversee contracts that work like futures. We will protect that authority."
What makes this move more noticeable is when it's happening. The CFTC recently pulled back its proposed rule for "event contracts" for 2024, suggesting they won't be finishing that plan anytime soon. Yet, they're actively pushing to claim authority through enforcement and lawsuits.
Here's why it's important:
Market structure: If event contracts are treated like financial products, platforms can grow within a more defined federal framework.
Compliance pressure: Expect closer checks on manipulation, private information, and how contracts are designed, particularly for sports-like markets.
Crypto connection: Platforms like Polymarket are close to the digital currency world. So, any regulatory "go ahead or stop sign" here could ripple into crypto systems.
This doesn't mean everything is approved – it's more like a fight over who's in charge is creating a protective barrier. The coming months will likely be shaped by court decisions and how narrowly or broadly "event contracts" are defined.
#StrategyBTCPurchase #HarvardAddsETHExposure #PredictionMarketsCFTCBacking
$ETH , $SOL , $ENA — all shorts, all executed clean.
ETH hit fast.
SOL followed through perfectly.
ENA respected the level and delivered.
No prediction. No emotions.
Just waiting for price to tap the zone and pulling the trigger.
When the market gives momentum, I press it.
When it doesn’t, I stay patient.
Discipline prints. 💸
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