PANews reported on June 21 that according to on-chain analyst Yu Jin’s monitoring, Paradigm transferred out the last 10 million LDOs (US$7.42 million) it held 10 hours ago, and these LDOs will flow into multiple CEXs in the next few days. Paradigm purchased 70 million LDOs from the Lido Treasury at an over-the-counter price of US$0.76 each four years ago, sold 50 million LDOs at an average price of US$1.31 in November last year, and sold 20 million LDOs at an average price of US$0.79 in the past 11 days. The average transfer price was US$1.16, and the overall investment profit was about US$28.13 million.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

