Ethereum Developer Dem Arrest for Turkey, Dem Free Am as ETH Dey Near All-Time High
One Ethereum developer wey dem sabi as “Fede’s Intern” get arrested when e touch Izmir, Turkey, because dem say e dey help misuse Ethereum. Authorities talk say e get one academic paper and code, Tutela, wey show how people fit find out who send money for mixers like Tornado Cash. After people from many countries like UAE, UK, US, EU, Argentina and even Catholic Church pressure dem, dem free the developer same day and e waka go Europe. E talk say im team dey build transparent infrastructure only and dem go cooperate with Turkish law.
The case happen as Ethereum price jump pass $4,100 again, because people and big companies dey buy more, make the money dey go reach new record. Big holders like Bitmine (1.2 million ETH) and SharpLink (near 599,000 ETH) still dey gather more. Analysts see say breakout and retest don finish, transactions increase and big companies dey put money, so dem dey expect fresh record levels. The incident still make people talk about Turkey blockchain environment before DevCon 2026 meeting.
Bullish
Ethereum price dey move towards new all-time high, combined with institutional accumulation plus correct breakout-and-retest pattern, e show say market get good outlook. Di quick release of one big developer reduce regulatory wahala, wey help traders confidence. Similar tins wey don happen before—like temporary hold of Tornado Cash people—no too affect ETH upward waka in the long run. For short time, traders fit see some wahala for price, but main trend still dey go up as demand from retail and institutions dey grow.