It's hard to believe ETH was suffering in April for under $1,500. It's now over $3,800 again.
Ethereum's comeback is a summer story. The comeback is on track through excitement over ETFs ($2 billion inflows over two weeks), ETH Treasury vehicles and tokenization. And the engine is in the driver's seat.
One of BlackRock's major digital assets stars leads Sharplink, Joseph Lubin's ETH vehicle.
As Ey's Paul Brody wrote at the institution this week, “Ethereum has already won,” and will likely continue to win for the next few decades. The current position of network effects – a critical mass of transactions in stubcoins and tokenization drops to Ethereum – will become a de facto network.
I understand.
market:
Bitcoin was stable at under 120k, but altcoins worked. hell. Recently, most of the Crypto market has looked relatively healthy.
And Jerome Powell was able to cut (or get fired) interest rates immediately, according to President Trump. If so, it can help with dangerous assets like Bitcoin et al.
In other big news:
Roman Storm's tornado cash trial has intensified. Cheyenne Ligon from Coindesk was there.
Elon signed up for X/Grok for Kalshi in the forecast market
JP Morgan offers crypto loans, but faces protests from crypto trade groups over data access.
See you next week.
