💥[Alt Season]💥
With the GENIUS law codifying the issuance of stablecoins into American legislation, ETH and other L1s (SOL, XRP, ADA) are no longer in uncertainty and are not just smart contract platforms. They are becoming compliant collateral rails for dollar-denominated business strategies.
We see institutional capital turning to ETH, not just for the narrative or yield, but because it now stands at the intersection of regulatory clarity (GENIUS), infrastructure (stablecoin volume), and capital efficiency (potential ETH staking ETFs).
Updates:
• Open interest on ETH rising from $18 billion to $28 billion in one week
• Spot ETH ETF flows surpassing those of
BTC (twice last week)
• Call option spreads illuminating ETH options for Q4
• BTC dominance decreasing, alt L1s climbing
