COINTELEGRAPH · 2026-11-08 22:59 UTC

Vitalik 'pivots' ETH to store of value, crypto suffers after US midterms: Hodler's Digest

Vitalik Buterin argued in a thread that ETH should be promoted as a store of value rather than as a fee-burning asset, saying the fee-burning idea was never as strong as it seemed. From January to October, median Ethereum transaction fees fell from 35 cents to 3.5 cents while daily transactions rose by more than half. Crypto super PACs spent $176 million across 100 seats, and Democrats now control the Senate and House, with Elizabeth Warren tipped to chair the Senate Banking Committee.

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