The market is bleeding out, but $ETHFI is still holding above 0.63. BTC is struggling near $74,000, with 151 of the 198 coins across the market down. It plunged to a low of 0.5111 on November 5, then rebounded 23.5% in 5 days and gained 9.5% in 7 days, with its market cap holding steady at $610 million. A 10,000 U buy at yesterday’s close of 0.6285 is now worth 10,043 U; a buy at today’s low of 0.616 is now worth 10,247 U. Don’t just look at the token price: ether.fi’s Cash card set a spending record of $31.73 million in the first week of November, with cumulative card spending reaching $918 million. The protocol also has authorization for $50 million in treasury buybacks, which kick in if the token price falls below $3. The toughest player in the staking sector is more resilient than anyone when prices fall. #ETHFI #Staking
