"They're going to be perpetually living by charity." @IOHK_Charles says Ethereum's lack of an on-chain treasury leaves its long-term development model structurally weak, contrasting it with Cardano's treasury, which peaked at $4.5 billion. CoinDesk @CoinDesk · 2026-07-25 你的浏览器不支持视频播放。 0:00 / --:--