1. **Passage of the GENIUS Act (Stablecoin Act)**
— Support for stablecoins with 1:1 reserves has become a law. This strengthens trust and brings institutional capital to Ethereum, since most stablecoins operate in the ETH ecosystem.
2. Record ETF inflations
— In July, about $2-3 billion came from ETH ETFs, with daily records of $727 million and $402 million.
— This inflow makes ETH a key beneficiary of ETF investments.
3. Holding and buying by large players
— Public companies own ETH: BitMine (~300,000ETH), SharpLink, and others. Also, institutions (including PeterThiel) are actively buying .$ETH #ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #CryptoMarket4T #GENIUSAct
— Support for stablecoins with 1:1 reserves has become a law. This strengthens trust and brings institutional capital to Ethereum, since most stablecoins operate in the ETH ecosystem.
2. Record ETF inflations
— In July, about $2-3 billion came from ETH ETFs, with daily records of $727 million and $402 million.
— This inflow makes ETH a key beneficiary of ETF investments.
3. Holding and buying by large players
— Public companies own ETH: BitMine (~300,000ETH), SharpLink, and others. Also, institutions (including PeterThiel) are actively buying .$ETH #ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #CryptoMarket4T #GENIUSAct
