🚨 BREAKING: President Joe Biden Drops Out of 2024 Presidential Race! 🇺🇸
In a stunning twist, President Joe #Biden has officially announced his withdrawal from the 2024 presidential race. 😱 This unexpected development sends shockwaves through the political landscape, leaving the Democratic Party and the nation at large grappling with the implications. 🌐
Biden's decision to step down from the race comes amidst mounting pressure from within his own party, as calls for him to reconsider his candidacy grew louder in recent weeks. 📣 The President's withdrawal marks the end of a 50-year-long political career that saw him rise to the highest office in the land. 🇺🇸
As the nation digests this seismic shift in the political landscape, the question on everyone's mind is: who will step up to fill the void left by Biden's departure? 🤔 Will Vice President Kamala Harris be the natural successor, or will other prominent Democrats throw their hats into the ring? 🎩
Ethereum no longer needs Layer-2s the way it used to.
Ethereum’s creator just made something very clear: the old story around Layer 2s is breaking.
And that has real implications for $ETH, L2 blockchains, and L2 token valuations.
Let me explain 👇
The old idea was simple
Ethereum needed to scale. So L2s were created to act like extensions of Ethereum.
The idea was: • Ethereum stays secure • L2s handle volume • Everything still feels like Ethereum
That story helped justify many L2 tokens and very high valuations. But two things have changed.
FIRST CHANGE: ETHEREUM ITSELF IS SCALING AGAIN
Fees on Ethereum are already low. Gas limits are going up. More scaling is planned in 2026. This means Ethereum no longer depends on L2s the way it used to.
L2s are no longer required to save Ethereum from congestion. That alone changes the power balance.
SECOND CHANGE: MANY L2S ARE NOT AS ETHEREUM-SECURE AS PEOPLE THINK
Vitalik pointed out something uncomfortable. A lot of L2s still have: • multisigs • security councils • emergency controls • human intervention
That means Ethereum does not fully control them. And if Ethereum doesn’t fully control them, they are not truly Ethereum scaling.
This does not mean these L2s are bad. But it does mean the original narrative was overstated.
Now the big shift: L2S ARE NOT ALL THE SAME ANYMORE
Vitalik is basically saying: Stop treating all L2s like official pieces of Ethereum. Some L2s will be: • fully Ethereum secured • minimal trust • slower but safer
Others will be: • faster • more centralized • more flexible • more regulated
Both can exist. But the market needs to price them differently. This is important for L2 tokens.
WHAT THIS MEANS FOR L2 BLOCKCHAINS AND TOKENS ?
L2s that only exist for cheaper fees are at risk. Why? Because Ethereum itself is becoming cheaper. If an L2 does not offer something unique speed, privacy, special apps, custom use cases, its value proposition gets weaker.
That is not bullish for every L2 token. But…
L2s that offer something Ethereum will never do directly can still win.
WHAT THIS MEANS FOR ETHEREUM ?
This is quietly bullish for ETH. Why Ethereum is taking back relevance as a settlement layer. Security stays on L1. ETH remains the core asset. L2s become optional layers, not replacements.
That strengthens Ethereum’s position in the long run.
VITALIK’S KEY MESSAGE
Ethereum does not need L2s to survive anymore. L2s need a reason to exist. The market will eventually separate: • strong L2s with real value • weak L2s that relied only on the old narrative
That separation affects: • L2 adoption • L2 token demand • long term valuations
This is not bearish for Ethereum. It is selectively bearish for L2s. Some L2s will benefit. Some will struggle. And ETH sits at the center of everything.
$IP is going down this week with a price decrease of over 35% in the last 7-days! This decline is due to a 6 month delay on their token unlock has led to investors selling and a technical breakdown!
One Epstein rumor was enough to make people dump Bitcoin. $BTC
That should scare you more than the rumor itself.
Not because the claim is credible, but because of how quickly conviction disappeared. A decentralized system that has survived bans, crashes, wars, and coordinated attacks was suddenly questioned because of gossip about one person.
The “Epstein was Satoshi” theory falls apart the moment you look at reality.
Bitcoin launched in 2008, with the most intense development happening in 2009 and 2010. During that exact period, Epstein was either incarcerated or under strict state supervision in Florida. Building Bitcoin required obsessive, uninterrupted work. That was not the life he was living.
Years later, after Bitcoin was already global, Epstein was still trying to understand it. In 2014 and again in 2018, he emailed people like Peter Thiel and Steve Bannon asking basic questions about crypto. Regulation, taxes, distribution. Creators do not ask for beginner explanations of systems they designed.
Then there is the MIT narrative people keep recycling. Yes, Epstein donated to the MIT Media Lab. No, there is no evidence that his money funded Bitcoin development or the Digital Currency Initiative. The DCI was funded later by established tech investors after the Bitcoin Foundation collapsed. Epstein was buying proximity to influence, not maintaining an open-source protocol.
The rest of the theory is just pattern-matching. He met early Bitcoin figures. He appeared in contact books. He showed up near powerful names. Presence is not authorship.
Here is the part that actually matters.
Even if Bitcoin had been created by the worst person imaginable, nothing about the system would change. Bitcoin is open-source, decentralized, and permissionless. It does not care about identity, borders, politics, or morality. No individual controls it. No founder defines it.
Bitcoin exists to protect people from monetary debasement and to allow free ownership and exchange of value.
So if an Epstein rumor was enough to make someone sell their BTC, they were never holding Bitcoin.
They were holding a story. And stories do not survive pressure.
What are your Theories about that?? Tell us in the comments and make sure to like ❤️ that
Thirty-day volatility in #gold has climbed above 44%, the highest level since the 2008 financial crisis, surpassing the roughly 39% volatility of #Bitcoin
Not sure how many times I have been writing that #HYPE was looking super strong lately, and here we go, up more than 40% while everything is just down badly!