Navigating Crypto Banking Amidst Ethereum’s Decline
Did you guys see the latest Binance Proof of Reserves report? Ethereum reserves dropped almost 10% in just one month. That’s a big hit, considering they had over 5 million ETH and now they’re down to about 4.5 million. This shift is pretty significant, especially with Ethereum’s price decline. Startups need to rethink how they manage their assets, especially when it comes to crypto payroll.
The Shift in Market Dynamics
Ethereum’s drop in liquidity on big exchanges like Binance could lead to increased volatility and higher transaction costs. That’s a recipe for disaster if you’re not prepared. Startups should think about diversifying their crypto holdings, if they haven’t already. Maybe include some Bitcoin and USDT in the mix to…
