🚨 Ethereum is in the spotlight, and here’s why:
💻 Record Network Activity: Ethereum’s 7-day average daily transactions reached 1.74 million, surpassing the previous record of 1.65 million set in May 2021 (blockchain data). This is driven by a boom in ETH staking, with over 36 million ETH (~30% of supply) locked, according to Dune Analytics.
🛡 SEC Boosts Confidence: The SEC clarified that certain liquid staking activities and staking tokens are not considered securities under the Securities Act of 1933. This removes major legal risks for DeFi and institutional investors, encouraging long-term ETH locking, which reduces circulating supply and supports price growth.
💰 Rise of Corporate ETH Treasuries: Companies like BitMine Immersion Technologies (833,100 ETH, ~$3.2 billion), SharpLink Gaming ($2 billion in ETH), and Ether Machine ($1.34 billion in ETH) hold ETH as a treasury asset, controlling a total of $11.77 billion. This shrinks liquid supply and signals long-term confidence.
📢 Vitalik’s Take: Ethereum co-founder Vitalik Buterin supports corporate ETH treasuries, calling them “valuable” for optionality (Bankless podcast). However, he cautions against excessive leverage, noting it could harm ETH’s success if mismanaged.
🚀 As a result, today August 8, 2025, at 13:53 (UTC), Ethereum (ETH) surpassed the $4,000 USDT mark, showing a 3.73% increase in 24 hours, according to Binance market data.