It is difficult to believe that ETH was languishing in less than $ 1500 in April. Now it is above $ 3800 again.
Ethereum’s return is the story of summer. Through ETF ($ 2 billion in tickets in two weeks), Treasury ETH vehicles and emotion around tokenization, the return is fine and really on. And the institutions are in the driving seat.
One of Blackrock’s key digital assets stars will lead Joseph Lubin’s ETH vehicle, Sharplink.
As Paul Brody wrote this week, with institutions, “Ethereum has already won”, and will probably continue to win in the coming decades. The incumbency of the effect of the network, which a critical mass of transactions in stables and tokenization will fall into Ethereum, makes it a de facto network.
We’ll see.
In the markets:
While Bitcoin remained stable below 120k, Altcoins did well. Hell. Most of the cryptography market is relatively healthy these days.
And, according to President Trump, Jerome Powell could soon reduce rates (or be fired). If so, that will help risky assets such as Bitcoin et al.
In other great news:
Roman Storm’s tornado trial intensified. Cheyenne Ligon de Coindesk was there.
Elon registered X/Grok for Kalshi market prediction
JP Morgan will offer cryptographic loans, but faces protests from cryptographic trade groups on access to data.
See you next week.
