Lubin’s Ethereum Crush 🤩

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So, Joseph Lubin, the big cheese at ConsenSys, was on CNBC the other day, and he was basically fanboying over Michael Saylor, the former CEO of MicroStrategy 🤓. Lubin was all like, “Saylor did an amazing job of making Bitcoin sound cool and buying a bunch of it” 💸.

But then, Lubin was like, “You know what’s even cooler than Bitcoin? Ethereum, duh!” 🙄. He said that Bitcoin’s value proposition is all about the now, whereas Ethereum’s is all about the future… or at least, that’s what people think 🤔.

“We’ve been building this super cool, scalable infrastructure for like, a decade now,” Lubin said. “We’re basically waiting for the entire internet to move to Web3, and then we’ll be like, ‘Told you so'” 🤫.

Apparently, Ethereum is now “scalable,” “affordable,” and “legal” enough in the US… yay 🎉. But, despite all that, it still needs some killer apps and more users 📱.

“It’s super usable right now, but we just need some more people to, you know, use it,” Lubin added 🤷‍♂️. He also blamed former SEC Chair Gary Gensler for making it hard for people to use tokens or issue new ones 🚫.

SharpLink’s ETH shopping spree 🛍️

SharpLink, a company that’s basically trying to be Ethereum’s MicroStrategy, just announced that it now owns a whopping 205,634 ETH 🤑.

Between June 28 and July 4, the company bought $19.2 million worth of ETH tokens… not bad for a week’s work 💸. In late May, they announced plans to launch an Ethereum treasury and appointed Lubin as their board chairman 👥.

During the CNBC interview, Lubin said that SharpLink will just keep on buying more ETH, because why not? 🤷‍♂️. It’s like they’re trying to keep up with MicroStrategy’s Bitcoin buying spree 🏃‍♂️.

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2025-07-08 21:53