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BTC $74,801.92 -0.36%
ETH $2,325.73 -1.40%
BNB $628.22 +0.41%
XRP $1.43 +1.41%
SOL $87.73 +2.65%
TRX $0.3259 +0.07%
DOGE $0.0969 +0.32%
ADA $0.2530 +1.13%
BCH $448.70 +1.30%
LINK $9.36 +0.65%
HYPE $43.55 -4.10%
AAVE $112.32 +5.43%
SUI $0.9787 +0.36%
XLM $0.1648 +2.71%
ZEC $331.13 -3.12%

consensy

Consensys founder: Remains optimistic about the long-term development of the crypto space, ETH has stronger functional demand compared to BTC

According to Crowdfund Insider, Joseph Lubin, founder and CEO of Consensys and co-founder of Ethereum, recently shared his views on the current state and future trajectory of the cryptocurrency market during an interview in Hong Kong. Lubin expressed a cautiously optimistic outlook. He emphasized that the digital asset economy is continuously evolving, driven by functional utility rather than pure speculative forces.When discussing Bitcoin, Lubin believes it should not be viewed as a traditional safe-haven asset at this stage. He described the broader crypto landscape as still resembling a "startup ecosystem," suggesting that positioning Bitcoin as a secure store of value amidst current developmental challenges may be premature. In contrast, he highlighted that Ethereum's native cryptocurrency, ETH, has a stronger functional demand.Lubin believes that the practicality of ETH in driving decentralized applications, smart contracts, and broader ecosystem activities gives it an advantage in real-world adoption compared to Bitcoin's main narrative. He emphasized Ethereum's enduring importance in the evolving financial infrastructure.He pointed out that institutional participation is deepening, with major banks, trading platforms, and financial networks increasingly building on Ethereum-based technologies and layer two scaling solutions. He stated that this momentum at the institutional level indicates that even amid market fluctuations, Ethereum is transitioning towards becoming the next-generation financial foundation.Overall, Lubin's remarks reflect confidence in Ethereum's long-term potential under short-term market pressures. He portrayed the ecosystem as resilient and innovative, with tools like Ethereum and MetaMask poised to drive meaningful progress in the digital economy.

first_img Preview of Six Major Crypto IPO Highlights in 2026, Led by Kraken, Consensys, and BitGo

In 2025, crypto companies raised $3.4 billion through IPOs, with Circle and Bullish each raising over $1 billion. In 2026, IPOs will primarily focus on compliant infrastructure companies.Kraken: Submitted IPO application documents to the SEC in November 2025, aiming for a listing in the first half of 2026, with a valuation of $20 billion and projected revenue of $1.5 billion in 2024, seen as the most compliant listing route outside of Coinbase.Consensys: The parent company of MetaMask and Infura is preparing for an IPO in collaboration with JPMorgan and Goldman Sachs, planning to go public in mid-2026. MetaMask has 30 million monthly active users, with a company valuation of $7 billion, providing investors with a pure crypto software investment opportunity.BitGo: Has submitted an updated IPO application to the SEC, targeting a listing in the first quarter of 2026, with a valuation of $1.75 billion. Revenue has quadrupled over the past two years, focusing on institutional custody and compliant staking services.Animoca Brands: Will go public on NASDAQ through a reverse merger with Currenc Group, with an expected valuation of $6 billion.Ledger: A French hardware wallet manufacturer, preparing for a significant financing round in 2026, has sold 6 million devices, positioning itself as the Apple of crypto security.Bithumb: Plans to go public in South Korea by the end of 2025, with market share expected to rebound to 25% in 2024, underwritten by Samsung Securities.
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