ETHEUR
Ethereum / Euro
crypto Composite

**TL;DR:**
The user holds IETH, an ETF that is closing due to its small size. The fund manager offered three options: sell units now, automatic sale later, or receive underlying ETH. Receiving ETH incurs a $500 fee, but avoids realizing a significant loss. The user is seeking advice on the best option and the legality of the fee.
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*This is an AI-generated summary, always make sure to verify the accuracy of the information provided.*
*^(my-tldr v0.0.13)*

Anyone have 1$ of ETH on BASE

I also did the same at 23 when ETH broke out to 3K, I kept buying and selling until Webull said I violated my ONBP (which I didnt use margin but it was a margin acct) so I panicked and did a CAT transfer to Robinhood and that took 7 business days so I missed out on the breakout to 4k to 4.9k and I spiraled and lost everything since I kept recenge trading. I would’ve had 200k had I sticked to my plan but now not even 5k

VOO + QQQM is okay, although may overlap sila, so keep that in mind. For crypto, starting small with BTC and ETH makes more sense to me than going straight into random altcoins.
GoTyme is convenient for beginners since crypto is integrated into the app and it supports BTC and ETH, but remember that crypto is still high-risk and not PDIC-insured.
Biggest advice ko is don't invest money you might need soon. Build your savings first, then DCA with money you can leave alone for years.

Been watching funding rates shift over the past day and the divergence is pretty stark right now.
Longs paying (bullish leverage building):
* XMR: +0.18%
* BTR: +0.14%
* ESPORTS: +0.06%
Shorts paying (bearish leverage building):
* ZIL: -0.12%
* KMNO: -0.11%
* WORMHOLE: -0.11%
For anyone newer to this, positive funding means longs are paying shorts to hold their position, which usually signals excess bullish leverage in the market often a contrarian warning sign if it gets too extreme, since overcrowded longs are what get flushed in a liquidation cascade. Negative funding is the opposite: shorts are paying to stay short, meaning bearish bets are piling up, which can set up a short squeeze if price moves against them.
What's interesting here is these aren't even the majors BTC/ETH funding is fairly neutral right now it's mid/small caps where the leverage imbalance is showing up first. That's usually where you see moves before it bleeds into the larger caps.
Broader context: total market cap is sitting around $2.2T, 24h volume \~$55.7B, and the Fear & Greed Index is dead neutral at 50. So there's no macro extreme driving this it looks more like isolated positioning on these specific names rather than a broad market shift.
Pulled the funding rate data from Flicker's funding rate tracker anyone else seeing similar divergence on other pairs, or is this isolated to what I'm tracking?

Some friends that trade that I've spoken with seem to think we're going to tickle 2k and then get one more violent leg down before we bottom for real in October. Not a trader myself so who knows. I feel good buying ETH under 2k

> The current curve eventually results in negative real yield for solo stakers, that's unacceptable.
I keep seeing this claim but nobody will tell me why they think the issue here is the *real* yield. When I'm deciding whether to keep staking, my ETH is getting diluted or accreted whether I stake or not.
Also, if what you're saying is true and solo-staking is always less profitable pooled staking [*], I think it's also true of the other proposed curve? If my competitor is getting higher yield than me, and they keep adding funds until their yield is zero, and at that point my yield is necessarily negative. You can't fix this by futzing with the curve: If we're playing a zero-sum game and I'm worse at it than average, I'm going to make a loss.
The way to fix it is to get more usage, so we have lots of revenue from fees and/or MEV and we're playing a positive-sum game, but if you do that your "negative real yield" claim is false: You could have 100% staked and I could be worse than average than the competition and I'd still be making money in real terms.
[*] I think it's in fact false because you have to account for the amount that will be embezzled by custodians or DAO governance exploiters

- At 0% yield many will sell it rather than just hold vanilla ETH
- Defi will be killed and you'll see a huge slowdown in activity
- ETH as the dominate collateral and dex pair will diminish and likely be replaced by stables
- As stani pointed out, 0% yield would lead to a yen-like situation where ETH is shorted and suppressed
Do not pass go. Do not collect $10k ETH. Congratulations, you played yourself.

Joseph Chalom (Sharplink) [comes out against EIP 8363](https://x.com/joechalom/status/2085696058185666682).
Ethereum's native yield:
> is a critical reason why tens of billions of dollars of investor sentiment has flowed into ETH through ETPs, DATs, and private funds
vs Bitcon:
>EIP-8363 erases that distinction. We would be voluntarily undermining one of ETH’s competitive advantages at a moment when it is outperforming Bitcoin and other major crypto assets.
What Sharplink does with the yield:
>It will fund the next generation of Ethereum projects and spinouts.
Don't spook the process of mainstream adoption:
>We have spent years making the case that Ethereum is where serious capital belongs. That case is finally being won, in public, by the largest allocators and custodians in the world. This is not the moment to make fundamental changes to the economic underpinnings of the protocol.
What most people are saying on X:
>The base fee burn makes ETH deflationary whenever the network reaches a threshold of usage.
I haven't seen any answers the last few days on Reddit addressing these issues.

>**Discussion labored,**
>**Commentaries were tapered,**
>**Issuance tapered.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

ETH’s price action is a pure reflection of investor conviction. Fact is, ETH shouldn't even be down at these levels. Real HODLers who see the big picture keep getting jeeted on by short-term traders who panic at every dip. It’s exhausting. The tech is solid, but Ethereum’s current weakness is 100% due to investors who lack any real backbone.

I really really don't know
I also don't know if its good or bad for Ethereum and/or ETH :-/

That would be very nice. But why do you expect 30k in 2030? If you look at Ethereum right now, that would be almost a 15x. Where would that market capitalization come from, and why? And when will it begin to start? Because atm its hard to believe.
I’m an Ethereum maxi. I hold more ETH than Bitcoin because I see more utility in it. But I don’t see THIS upside. I’d be really interested to hear your thoughts! Then the champagne would be on me.

When ETH finally decides to pump, LINK will go parabolic

I don't think Lido is bad actor for having a stake in the outcome. The truth is all ETH holders, users, and businesses around staking all of a stake in the outcome, and some level of bias.
I think two things can be true at once if this EIP were to pass: short term, this makes Lido's product less attractive by lowering yield, and reduces a lot of TVL; long term, margins for staking compress and they are able to survive that better than solo stakers, and thus LSTs gain marketshare over time.
So to me, it's clearly in their best interest either way for this proposal to not go through. That doesn't make them evil. If you don't use DeFi at all, or stake, and are just a vanilla ETH holder, you're probably biased to want a reduced inflation. If you're a staker earning yield, you're probably somewhere in the middle depending on how you think it effects security, your ETH bags, and your revenue. I'm sure there exist *some* unbiased actors that look at things with no bias in any direction, but that is certainly a fringe minority group, and there's no way to effectively poll or differentiate those people, and not even a great argument as to why their opinions should matter more.

Same here. Have my sell orders set around previous ATH’s for both BTC and ETH. Can’t wait to wipe my hands fully clean and transition to 100% VOO/VGT

> The fact that the EF is losing influence to a federated set of interest groups (quick slots is ETH Labs) is gonna Increase contentious hard fork risk moving forward. I'm sad this is bearish.
If this happens who is more likely to win the majority of market share? The EF supporters or the Federated Set supporters (including their backers the DATs and Defi)?

Same here, I requested a payment in ETH from LuckyCircus and Travel Rule was applied, so my money blocked. Did you solved?

Ok SPY is at all time highs so if it wants to have a pullback even though we have dovish fed news that's fine, but cmon ETH should be going to like $2500 here rates aren't going to get hiked, dollar is devaluing, eth adoption is strong. Why shouldn't ETH go up here.

ETH will go so much higher when it's the hardest money in crypto. Staking risk is not 0 so yield will never be 0 on the new curve.