#以太坊突破3700 ETH has recently led the market, continuously breaking recent highs, with SOL following closely behind with strong gains. I believe friends who follow me haven't missed this 'express train'—after all, since early July, I have repeatedly hinted at 'layout focus' in my articles, and loyal followers should be familiar with these signals.
(GENIUS Act) Stimulus:
With the passage of the (GENIUS Act), the U.S. has established a clear regulatory framework for stablecoin issuance, gradually bringing this field towards normalization. The legislation on stablecoins and the tokenization of U.S. stocks will directly increase the demand for Ethereum (ETH) and decentralized finance (DeFi) applications—most of these applications operate based on the Ethereum network, which I have previously broken down in earlier articles.
Additionally, the (GENIUS Act) signed by Trump on Friday explicitly prohibits 'yield-bearing stablecoins,' meaning that institutions and ordinary investors have lost the channel to earn profits through stablecoins. Capital always seeks a place to go, and this restriction will force more capital to turn to Ethereum's DeFi sector in search of returns, further boosting ETH's ecological activity.
At the same time, the implementation of the bill has prompted corporate finance departments to start viewing crypto assets like ETH, SOL, XRP, and ADA as 'new generation crypto reserve assets'. In fact, before the bill was introduced, I had already clearly pointed out the layout direction in my articles, and loyal followers should have received these 'early' signals from me.
BTC/ETH market share shows a clear contrasting trend of one rising and one falling:
Bitcoin's market share has dropped from 64% at the beginning of July to 60%, with capital continuously flowing from Bitcoin to altcoins—this is the core reason we shifted our focus to altcoin layouts starting in July. Currently, ETH's market share has gradually risen to 11.6% since the beginning of the month; although it hasn't broken the historical high, the upward momentum is clear, and a new round of altcoin market has quietly begun.
Meanwhile, Ethereum's technical upgrades are steadily progressing: The Fusaka upgrade is expected to go live in November, focusing on improving network efficiency and scalability; the Glamsterdam upgrade is also in progress, and will further optimize user experience and DeFi application efficiency by reducing block time and increasing Gas limits. These upgrades will further strengthen Ethereum's ecological advantages, attracting more developers to choose the ETH ecosystem and thus bringing in more capital.
Institutional Capital Trends:
Last week, ETH spot ETF saw net inflows exceeding Bitcoin for two consecutive days, significantly boosting the confidence of giants like BlackRock; the options market is also sending strong bullish signals, with approximately 23 whales/institutions cumulatively buying 681,103 Ethereum (valued at around $2.57 billion) since July. The market's expectation for the fourth quarter remains optimistic, and the tokens mentioned in previous articles can still be continuously monitored.