It’s hard to believe ETH was prolonged to less than $ 1500 in April. Now it’s over $ 3800 again.
Ethereum’s comeback is the story of the summer. Through ETFs (2 billion dollars in two weeks), ETH Treasury vehicles and tension around tokenization, the comeback is good and really turned on. And institutions are in the driving seat.
One of Blackrock’s most important digital assets -stars will lead Joseph Lubins ETH vehicle, Sharplink.
As Eys Paul Brody wrote this week, with institutions, “Ethereum has already won” and is likely to continue to win for decades to come. The incompatibility of the network effect – that a critical mass of transactions in stableecoin and tokenization will fall to Ethereum – makes it a de facto network.
We’ll see.
In markets:
While Bitcoin kept stable under 120,000, Altcoins did well. Hell. Most of the crypto market looks relatively healthy these days.
And according to President Trump, Jerome Powell could soon reduce the rates (or be fired). In that case, it will help risky assets like Bitcoin et al.
In other great news:
Novel Storms Tornado Cash Experimental intensified. Coindesk’s Cheyenne Ligon was there.
Elon signed up X/GROK to the prediction market Kalshi
JP Morgan will offer crypto loans, but face protests from crypto trading groups of data access.
See you next week.
