Ether (ETH) has fallen 43% year-to-date, it hit a 2025 high of $3,744 before dropping to its current level of $1,899.

Layer 2 blockchains were meant to improve scalability on the Ethereum network, but Coinbase's Base has reduced ether's market cap by $50 billion, the report said.

Feb 21 (Reuters) - Cryptocurrency exchange Bybit said on Friday an attacker gained control of an ether wallet and transferred around $1.5 billion worth of holdings to an unidentified address.