📌 Today's Key Highlights
1. Ethereum Arbitrage Gains Traction Again
Hedge funds and institutional traders are seizing new arbitrage opportunities in Ethereum, driving the asset after a period of recent lethargy.
2. Companies Stacking ETH as Treasury Assets
SharpLink Gaming, led by Joseph Lubin (co-founder of Ethereum), has become the largest corporate holder of ETH after acquiring 280,706 ETH (~USD 840 M).
In total, more than ten companies have purchased around 550,000 ETH (~USD 1.65 M) in the last month.
Bit Digital (Nasdaq) also raised USD 67.3 M to continue accumulating Ethereum.
3. ETH Price: Strong Range Near USD 3,000
According to data from Mudrex, ETH is trading between USD 3,043–3,075, with a volume of over USD 33 B in 24 h and a market cap of USD 367–368 B.
4. Institutional and Regulatory Outlook
Bank of America highlights that the GENIUS Act in the U.S. could bolster the adoption of stablecoins hosted on Ethereum, benefiting its demand.
Additionally, Wall Street is replicating the strategy adopted with Bitcoin, using Ethereum as a treasury asset, driven by its staking and DeFi capabilities.
