Ethereum and Altcoins Prepare for Major Upswing as Market Sends Bullish Signals

Consensys, the developer of Ethereum and MetaMask, is reducing its workforce by approximately 7%. Rumors suggest that they might have laid off everyone connected to Linea. Kaito has introduced its Launchpad, currently offering participation in the Espresso sale with a one-year lock and the Theoriq sale with full unlock on TGE. The altcoin season seems imminent with Ethereum approaching $4,000, inspiring optimism among the Narnia community, who are eager for the Linea release. Meanwhile, a bipolar correction was also observed. Conflux is launching the AxCNH yuan-stablecoin as part of the Belt and Road Initiative. Bitcoin continues to follow the global M2 liquidity trend. Binance Coin (BNB) has hit a new all-time high, and there are expectations for BNB to reach $1,000. Sonic distributed a generous airdrop. The strategic ETH reserves are growing daily, with NovaGraZ believing ETH has a strong chance to outperform BTC in growth over the next 3-6 months. Joseph Chalom, former top executive at BlackRock, has taken the helm at SharpLink Gaming. CoinList announced the sale of Bitlayer (BTR) with a FDV of $200 million. Open interest in ETH futures on CME hit a record high. US senators are preparing new legislation that could reboot the crypto market. Strategy continues to place privileged shares totaling $2.47 billion to buy BTC. Inflows into Ethereum ETFs remain high, with no negative days over the past two weeks despite market corrections.