Odaily Planet Daily reports that Kyle Samani, co-founder of Multicoin and Chairman of SOL Treasury, posted on X platform: “Ethereum introduced me to the cryptocurrency space and was my initial source of wealth. However, at Devcon3 held in Cancun, Mexico, in November 2017, I abandoned Ethereum. At that time, ETH was the fastest asset in human history to reach a market capitalization of $100 billion, but Gas fees were skyrocketing. It was clearly necessary to scale quickly, giving me an unprecedented sense of urgency.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock Transfers 15,101 ETH and 566 BTC to Major CEX, Worth $75.96M
BlackRock recently transferred over $35 million in ETH and $41 million in BTC through its ETFs to a major CEX, totaling nearly $76 million in value.
GateNews25m ago
On-Chain Trader 0x049b Opens 20x Leveraged Long on BTC and ETH, Accumulates $5.17M Profit in Two Months
A trader known as 0x049b has opened a 20x leveraged long position, buying 269 BTC and 8,586 ETH. Over two months, they executed 47 trades, achieving a 63.83% win rate and a total profit of $5.17 million.
GateNews1h ago
Gate Idle Coin Wealth ETH 7-day fixed-term financial management additional reward pool is live; subscribe to enjoy a 10% annualized return bonus.
Gate News, according to Gate’s official announcement
Gate’s Yuebi Bao launches an ETH 7-day term wealth management product with an additional rewards pool. Subscription users can enjoy a 10% annualized return bonus. This rewards pool cumulatively provides 500,000 OFC in additional rewards, using a first-come, first-served mechanism.
The additional rewards will be distributed to users’ accounts on a daily basis in the form of an equivalent amount of OFC. The platform has an overall cap on the total activity rewards and a limit on the maximum amount each individual user can receive.
GateAnnouncement4h ago
USDC Treasury Mints 250 Million USDC on Ethereum Network
On April 15, 2025, the USDC Treasury minted 250 million USDC on Ethereum, indicating potential institutional demand. USDC is backed by dollar reserves and operates under regulatory frameworks like the U.S. Stablecoin Act of 2024.
GateNews5h ago
BlackRock Bitcoin ETF pulls in 612 million yuan over seven days, and investors keep adding to their positions despite losses
Data from April 13 shows that weekly net inflows into Bitcoin spot ETFs reached $786 million. Of this, BlackRock’s IBIT accounted for $612 million alone, indicating market concentration. Although IBIT investors are facing paper losses, they continue to add to their positions, reflecting an institutional strategy of lowering the average cost through averaging. For other crypto assets, Ethereum ETF inflows were $187 million, XRP fund inflows were $12 million, and Solana products saw outflows of $6 million.
MarketWhisper6h ago
