While Ethereum generated $2.73 billion in fee revenue over the past year, the network appears on track to accrue just $1.65 billion in the next 12 months.

Analysts believe that sell-off concerns relating to Mt. Gox Bitcoin repayments will be short-term.

Bitcoin dropped 2%, and Ethereum fell 1.5%, while Solana and Polkadot eked out minor gains.

Digital asset investment products suffered a third consecutive week of outflows.

Analysts predict spot Ethereum ETFs could launch next week.

Bitcoin ETFs reported net inflows of $21.4 million on Wednesday.

Bitcoin and Ether options with a notional value of more than $10 billion are set to expire on June 28.

Over $500 million of leveraged positions were liquidated on Monday as Bitcoin briefly plunged below $60,000.

Matt Gaetz’s bill seeks to amend the Internal Revenue Code of 1986.

Over $313 million of leveraged positions were liquidated in the past 24 hours.