According to a crypto industry commentator, Coinbase's sponsorship of a military parade, as cited from @Acyn on Twitter, highlights a growing disconnect from crypto's original cypherpunk ideals. The commentator notes that companies like Coinbase and Ripple are increasingly aligning with traditional power structures, such as through political lobbying and events, which could undermine trust and affect trading sentiment for major cryptocurrencies. This comes amid current market gains, with BTC up 3.66% and ETH up 6.874%, but concerns over ideological dilution may influence long-term investor confidence in crypto assets.

According to Twitter user @Acyn, the crypto industry's departure from cypherpunk values, evidenced by Coinbase's political sponsorships and Ripple's lobbying efforts, could heighten regulatory scrutiny and dampen investor sentiment. This trend, highlighted by Coinbase's involvement in a Trump-affiliated military parade and expedited hiring of ex-DOJ staffers, may increase market volatility. Despite these concerns, Bitcoin (BTC) rose 3.767% and Ethereum (ETH) gained 6.997% in the last 24 hours, reflecting short-term bullish momentum.

According to Acyn, the crypto industry's increasing legitimacy, such as Bitcoin ETFs and Coinbase's political sponsorships, dilutes its cypherpunk roots, potentially undermining long-term market stability and investor confidence. Citing Coinbase's involvement in events like a military parade and Ripple's lobbying efforts, this ideological shift could heighten volatility, despite current bullish trends where BTC price rose 4.189% and ETH by 7.651% in 24 hours.

According to @Acyn, the crypto industry is losing its foundational cypherpunk values, citing Coinbase's sponsorship of political events like a Trump-affiliated military parade (source: tweet) and FTX's corruption scandals. This ideological dilution could heighten regulatory scrutiny and erode investor trust, potentially increasing volatility in major cryptocurrencies such as BTC and ETH.

According to @Acyn, the crypto industry's dilution of cypherpunk values, such as decentralization and resistance to centralized power, could heighten regulatory scrutiny and market volatility. This is evidenced by Coinbase's political sponsorships and corporate co-option, potentially affecting investor sentiment and prices for assets like BTC and ETH, as seen in recent market gains.

According to the author, the crypto industry's departure from cypherpunk principles, such as Coinbase's political sponsorships and Ripple's lobbying efforts, could heighten regulatory scrutiny and negatively impact trading sentiment for assets like BTC and XRP, citing examples from the article.