News

Short seller Culper bets against ether, Tom Lee's BitMine citing 'death spiral' risk

  • Krisztian Sandor--CoinDesk
  • published date: 2026-03-05 21:14:01 UTC

The short seller firm said that Ethereum's native token is "impaired," leaving treasury firm BitMine holding the bag while co-founder Vitalik buterin is selling.

Short seller Culper Research is betting against ether (ETH) and ETH-linked stocks such as BitMine (BMNR), arguing that the networks economics deteriorated following Ethereums latest network upgrade. … [+1993 chars]