Ethereum upgrades, applications, staking and ecosystem developments.
Despite recent ETF outflows, Ethereum bulls remain optimistic. BitMine chairman Tom Lee reaffirmed his $60,000 ETH prediction, while treasury firms now hold nearly $15.5 billion worth of Ether. Santiment data also shows whales have increased their holdings by 14% since April, signaling strong long-term confidence.
Ondo Finance, in partnership with Chainlink, has launched its Ondo Global Markets platform, bringing over 100 tokenized U.S. stocks and ETFs onchain. The platform, live on Ethereum, is currently available to non-U.S. investors and is being promoted as “Wall Street 2.0.”
Industry voices are divided on crypto treasury firms. Some, like Milo CEO Josip Rupena, warn they carry risks akin to the 2008 CDO crisis, while others, like Bitwise’s Matt Hougan, argue they make Ethereum more investable for traditional markets. Sharplink’s Joseph Chalom highlighted their scalability, though analysts such as James Check and VC firm Breed warned that many Bitcoin treasuries could face a “death spiral” over time.
Starknet confirmed that all transactions from the affected block must be resubmitted and promised a full report detailing the root cause and future prevention measures.
A Bitcoin whale sold $4B worth of BTC on Aug. 21 via Hyperliquid, rotating funds into Ether ($4,391) after holding for over five years. The move shook market sentiment, pushing the Crypto Fear & Greed Index into “Fear” before stabilizing at a neutral 49 by Tuesday.
Ethereum co-founder Joseph Lubin predicts that Ether will eventually surpass Bitcoin as the global “monetary base,” fueled by Wall Street’s adoption of staking, DeFi, and tokenization. He calls ETH the “highest octane decentralized trust commodity,” arguing its potential is far greater than most forecasts. Institutional clients are already allocating treasury assets to ETH, while stablecoin supply on Ethereum has surged past $160 billion, doubling since January 2024. Though Bitcoin still dominates as a store of value, Ethereum’s programmability and rapid ecosystem growth could accelerate the long-awaited “flippening.”