Posts in category: Ethereum News

In its prime run, Ethereum has continued making headlines with it surpassing Bitcoin in another key metric by recording a 24-hour derivatives trading volume of $114 billion, significantly higher than Bitcoin’s $80 billion on 11 June.

This shift comes while spot Ethereum recently outpaced Bitcoin in spot ETF inflows, largely due to increased institutional inflows, and as ETH prices keep breaking barriers, which have soared over 54% in a rally begun on 7 May.

As per Coinglass data, the 24-hour trading volume for Ethereum perpetuals hit $114.74 billion, with its total open interest (OI) surging to a record high of $41.67 billion—reflecting high speculations for ETH’s upward trajectory.

Bitcoin, which usually dominates the crypto markets in every aspect, has been outshined by Ethereum since the past few weeks. While most of the market chatter and headlines surround Bitcoin, Ethereum has fundamentally upscaled with major developments this year. Its aim of a DeFi-focused ecosystem has matured notably, with it still dominating the market with a significant share.

ETH Price Continues Soaring

All this traction has led Ethereum (ETH) price to surge with sharp gains. Over the past month, the ETH price has broken through multiple barriers, positioning itself as one of the top-performing blue-chip crypto assets.

At the time of writing, ETH is trading near $2,787—up 5.91% in the past 24 hours. Its daily trading volume has seen a boost of 28%, which currently sits at $33.69 billion.

The next few months will be crucial for Ethereum as it embarks on a new journey to challenge Bitcoin in various aspects. Analysts are expecting it to break above $3,000 by this month, while anticipations are around it recording a new all-time high by the year’s end.

Ethereum is making headlines again as US spot Ether ETFs recorded their highest inflows in four months, hitting $240.3 million on Wednesday. Leading the charge is BlackRock’s iShares Ethereum Trust (ETHA), which pulled in $163.6 million alone.

It is the 18th day in a row of positive inflows to Ether ETFs, the longest streak of 2025 to date. ETHA now manages over 1.55 million ETH, valued at $4.23 billion. The fund’s stock price has surged to $21, up more than 50% since “Trump Liberation Day.”

Experts like ETF Store President Nate Geraci are impressed. “Nearly $250 million just today… and this is without staking or in-kind redemptions. So early,” he noted. Ethereum’s rising strength is also visible in its performance against Bitcoin.

Since April, ETH has outperformed BTC by nearly 50%. The ETH/BTC ratio recently broke out, suggesting that Ethereum’s rally may continue. Analysts believe we’re witnessing a capital shift from Bitcoin to Ethereum as institutional investors chase higher returns.

This renewed interest in Ethereum aligns with bullish signals in the broader altcoin market. DeFi and Real-World Assets (RWA) sectors are gaining steam, boosted by demand for stablecoins and yield strategies. Even the SEC seems more open now, with Chair Paul Atkins supporting DeFi growth, another win for Ethereum.

As its inflows are high, prices are going up, and its market dominance is increasing, Ethereum seems to be approaching another stage of its power, and it has only begun.

A provocative claim by the host of Bankless, a crypto-focused podcast and media firm, Ryan S. Adams, has ignited head-scratching chatter on X, predicting the Ethereum (ETH) price soaring to record high of $740,000 mark. The latest speculation from Adams comes with him comparing Ethereum to oil, fueling the narrative of ‘Digital Oil’ with a projected market cap of $89 trillion for the second-largest cryptocurrency.

The ‘Digital Oil’ label to Ethereum aligns as Adams emphasizes that ETH is like oil, which can be stocked as a reserve, consumed while sharing similar scarcity and market supply. With Bitcoin popularly categorized as ‘Digital Gold,’ the epithet for Ethereum well suits otherwise.

Adam’s post on X, accompanied by a sleek infographic, has garnered significant attention, with thousands of views and a flurry of reactions within hours.

Adam’s analysis compares ETH’s potential market capitalization to a basket of global assets—oil ($85T), gold ($22T), global bonds ($141T), global GDP ($106T), and M2 money supply ($93T)—averaging $89 trillion. Dividing this by Ethereum’s circulating supply, he arrives at the eye-popping figure of $740,000 per ETH as its ‘long-term potential.’

This narrative echoes earlier 2021 speculations from Electric Capital, which projected ETH’s market cap could hit $20 trillion, though Adams’ projection dwarfs even those optimistic forecasts.

The long-time Ethereum-maxi argues that ETH’s role as a store of value—akin to traditional reserves—combined with its utility in smart contracts and decentralized finance (DeFi), positions it for unprecedented growth.

However, the claim has driven significant skepticism from the crypto community, with Ryan Connor, the Head of Research at BlockWorks, quickly pointing out a fundamental flaw: GDP is not a tradable asset, undermining the averaging methodology. A number of other critics also dismissed the $740,000 target as fanciful, noting ETH’s current price of nearly $2,760 is a far cry from breaking $4,000, let alone reaching six figures.

SharpLink Gaming, Inc. has announced the acquisition of 176,271 ETH, valued at $462.9 million. SharpLink is currently the largest publicly traded Ethereum holder, second only to the Ethereum Foundation.

SharpLink is the first Nasdaq-listed company to make Ethereum (ETH) the core of its treasury strategy. This move reflects its decision to adopt ETH as its primary reserve asset.

As per the press release, the company has raised money through a PIPE deal from May 26, 2025. Then, from May 30 to June 12, it sold shares through a $1 billion ATM equity program, raising around $79 million. The majority of funds have been used to buy Ethereum.

SharpLink  has generated an 11.8% growth in ETH per share since June 2, 2025. More than 95% of SharpLink’s ETH is being used in staking and liquid staking. This means the ETH is helping secure the Ethereum network and earning rewards at the same time.

Rob Phythian, Chief Executive Officer of SharpLink Gaming, believes that this reflects strong confidence in Ethereum’s role in the future of digital commerce and decentralized applications. He added, “Our decision to make ETH our primary treasury reserve asset reflects deep conviction in its role as programmable, yield-bearing digital capital.”

Joseph Lubin, Chairman of SharpLink Gaming, Co-Founder of Ethereum, and CEO of Consensys, said that SharpLink’s bold ETH strategy marks a major turning point in how institutions are starting to adopt Ethereum.

As per him this move comes at an important time ,as the U.S. Congress is working on major legislation around stablecoins and digital assets. Lubin believes this could help accelerate the use of Ethereum technology around the world.