A lot of money, about $20 million, was taken out of circulation by destroying a digital coin called Ether. This happened because of a big change in how the Ethereum network works. Now, when people pay to send this coin, some of it is burned and can't be used again. This makes fewer coins available and could make them more valuable in the future. Read from source...

- The title of the article is misleading and sensationalist. It implies that someone or some entity intentionally burned 7,114 ETH worth $20M, which is not true. Burning Ether is a voluntary action taken by users who want to reduce their transaction fees or participate in decentralized finance (DeFi) applications that require burning Ether as collateral.
- The article uses the term "burned" instead of "sent to an unusable wallet" or "destroyed", which has a negative connotation and suggests a loss of value. Burning Ether is not a loss of value, but rather a reduction of supply that can increase the price of Ether over time, depending on demand and other factors.
- The article does not explain what EIP-1159 is or why it matters for Ethereum users and investors. It only mentions it as a "important upgrade" without providing any details or context. This makes the reader unaware of the benefits and implications of this new fee model for Ether transactions.
- The article does not provide any sources or data to support its claims or statistics. For example, how did they calculate the value of 7,114 ETH at time of publication? How do they know that this is the exact amount of Ether burned on Monday? Where did they get the current value of Ether ($2,903.67)? These are important questions that should be answered in a credible and reliable way.