Ethereum's market capitalization this morning (10) briefly approached $520 billion, overtaking Netflix and Mastercard, entering the world's top 25 assets for the first time, driven by institutional buying, on-chain demand, and a shift in regulation. (Background: Ethereum surged past $4300 with a 7% increase, how far is it from its historical high?) (Background information: Arthur Hayes' latest prediction: Bitcoin at $250,000, Ethereum at $10,000, by the end of the year) This morning, Ethereum's price broke through $4300, pushing its market cap close to $520 billion, briefly surpassing Mastercard ($519.1 billion) and Netflix ($514.85 billion), ranking 25th in the global asset market capitalization list, entering the core of global capital. Institutional funds continue to pour in. Over the past 7 days, Ethereum's price jumped 23%. Ainvest pointed out that early August saw 'whales' accumulating $667 million in Ethereum; Binance Research also tracked that corporate ETH holdings increased by 127% in July, indicating that institutions are accelerating the inclusion of Ethereum into long-term asset allocation. At the same time, ETH on-chain data is also strengthening, with Ethereum's daily trading volume reaching 1.74 million transactions and active addresses exceeding 680,000. Future observation of ETH Most analysts believe that as long as the regulatory framework remains predictable and the progress of Ethereum 2.0 expansion does not delay, its market capitalization is expected to consolidate within the top 25 global assets and continue to challenge upwards. The capital market is entering a new phase of 'crypto + traditional' co-construction, with participants expanding from early users to enterprises and governments. As a market researcher stated: 'It's not about whether to accept blockchain anymore, but how to reposition under the new rules.' However, volatility remains a reality that investors must face. Compared to Bitcoin's market capitalization of about $2.36 trillion, Ethereum still has some way to go, and if the macro environment weakens, the price pullback may be amplified. Related reports Arthur Hayes (Stablecoin pricing relationship) Full article: Stop buying Circle stock, go long on Bitcoin Arthur Hayes: Bitcoin's weakness is 'just temporary', the Fed will soon turn on the money printing machine 'Ethereum's market cap briefly surpassed Mastercard and Netflix, knocking on the door of the world's top 25 assets.' This article was first published by BlockTempo (the most influential blockchain news media).

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