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Monday, April 21, 2025

Crypto Market Is ‘The Tail Being Wagged by a Very Sick Dog’: Ethereum Co-Founder Joe Lubin - Decrypt

Ethereum co-founder and ConsenSys CEO Joe Lubin joined Decrypt's Dan Roberts on October 4 for a deep-dive chat on the Ethereum merge and aftermath, what's keeping the crypto market down, why he's super bullish on NFTs and the metaverse, whether it's really a multichain future, and much more.
The years-anticipated Ethereum merge from proof of work to proof of stake finally happened on September 15, and it went off without a hitch. The Ethereum network now uses 99% less energy.
The merge went "what seems to be flawlessly," Joe Lubin, CEO of crypto software giant ConsenSys and a co-founder of Ethereum, told Decrypt in an exclusive video interview last week. "I've asked around in a bunch of different contexts for any awareness of anything that broke, and I haven't heard one thing."
So, why is ETH down a brutal 22% in the month since the merge?
Lubin's answer is that the price action immediately after the merge was a "possibly inevitable 'sell the news' kind of activity," along with some...



Read Full Story: https://decrypt.co/111935/crypto-market-is-the-tail-being-wagged-by-a-very-si...

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