Two Prime Abandons Ethereum For Bitcoin, Tags ETH As A Memecoin

By: bitcoin ethereum news|2025/05/02 19:45:01
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Investment advisor Two Prime is ditching Ethereum over its memecoin-like behaviour and underwhelming price performance. The SEC-approved firm says it will double down on Bitcoin (BTC) while conducting a post-mortem on Ethereum. Two Prime Drops Ethereum Over Memecoin Behaviour SEC-approved investment advisor Two Prime has called it quits with Ethereum following a raft of negative fundamentals and on-chain metrics. According to a company statement, the derivatives firm will focus its attention on Bitcoin, cutting ties with Ethereum after six years. The firm operated Two Prime Lending, rising to become the second-largest lender for ETH and BTC-backed loans. Rather than dabble in other cryptocurrency-backed loans, Two Prime stuck with BTC and ETH, given their deep liquidity for institutional action. After enjoying modest success with Ethereum for six years, Two Prime says it is moving away to focus on BTC lending. The press release reeled out a laundry list of reasons behind the company’s decision to ditch Ethereum for Bitcoin. “ETH’s statistical trading behaviour, value proposition, and community culture have failed beyond a point that is worth engaing,” read the statement. “The risk-reward is simply unjustifiable at this point with BTC available as an alternative.” Right out of the bat, Two Prime says ETH behaves like a memecoin rather than a predictable asset. The report notes that ETH displayed “multi-standard deviation moves” following a de-correlation from Bitcoin in Q1 2025. The Ethereum-to-Bitcoin ratio has sunk to its five-year low given ETH’s underwhelming price performance in 2025. A Raft Of Reasons Behind The Company’s Decision To Ditch ETH Apart from its memecoin behaviour, Two Prime notes that the Ethereum price has not flashed any signals of a rebound after the slump. The firm notes that investors are not buying the dip, demonstrating a lack of apathy for the largest altcoin. Two Prime notes that Bitcoin ETF inflows have surpassed ETH by nearly 24 times, signaling a decline in institutional interest. Furthermore, the firm points to a shoddy business model that allows Ethereum layer 2s to snag a chunk of its monetization. Rising competition from Solana and other emerging blockchains is taking a large chunk of Ethereum’s market share. Two Prime argues that Ethereum suffers from strong leadership and is a victim of its early success, but has failed to change with the times. An expert has warned that Ethereum is in danger if it does not scale by 100X in the next five years. “The existing scale of the asset and the remaining upside of global adoption make BTC a far better risk-weighte investmen than ETH,” read the statement. Two Prime’s decision to offload its ETH holding has seen prices tumble by nearly 2% since the announcement. Previously, Galaxy Digital has offloaded a portion of its ETH holdings to accumulate SOL, adversely affecting price performance. ✓ Share: Aliyu Pokima Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/two-prime-abandons-ethereum-for-bitcoin-tags-eth-as-a-memecoin/

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BeatSwap is evolving towards a full-stack Web3 infrastructure, covering the entire lifecycle of IP rights.

The core product "Space" is scheduled to launch in Q2 2026, driven by SocialFi


BeatSwap, a global Web3 Intellectual Property (IP) infrastructure project, is attempting to overcome the current fragmentation limitations of the Web3 ecosystem, building a full-stack system that covers the entire lifecycle of IP rights.


Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.


BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:


· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure


Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.


Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure


BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:


Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand


The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.


In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.


"Space" to Launch in Q2 2026: Building the Core of SocialFi


BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.


Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures


Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading


$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier


$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.


Main features include:


· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion


With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.


Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility


Currently, $BTX has been listed on several mainstream exchanges, including:


Binance Alpha

Gate

MEXC

OKX Boost


As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.


Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets


BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.


By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."


Conclusion


BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.


With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.


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