Recently, there have indeed been institutions hoarding ETH on a large scale. A giant whale hoarded 103,141 ETH worth $323.8 million through FalconX within 6 days, at an average price of $3,140. Meanwhile, another address hoarded 103,274 ETH worth $298 million at an average price of $2,885, and this address recently bought another 14,982 ETH. The behaviors of these two addresses are highly similar, possibly indicating the same institution. The price of ETH has risen from $2,500 in July to $3,600 now, partly due to these institutions collecting. More institutions are taking action. SharpLink Gaming holds 280,706 ETH, with 99.7% staked. Peter Thiel's BitMine company holds 163,142 ETH. Traditional financial institutions are also turning to Ethereum. Standard Chartered Bank recently announced the launch of a digital asset trading platform for institutional clients, becoming the first large bank to offer physical ETH trading. JPMorgan CEO Jamie Dimon has also changed his attitude towards cryptocurrencies. There is strong inflow into Ethereum ETFs. On July 10, there was a total net inflow of $383 million into U.S. Ethereum spot ETFs in one day, with BlackRock's ETHA contributing $300.9 million. Analysts predict that once ETH can be staked in ETFs and generate income, conservative institutions such as pension funds and insurance companies will also participate. The market expects staking ETFs to be approved before October 2025. The total market cap of stablecoins has surpassed $260 billion, with Tether USDT exceeding $160 billion. As the core platform of the stablecoin ecosystem, Ethereum will benefit from this growth. Regarding U.S. policy, there may be considerations to include Ethereum in the strategic reserve, potentially starting through an executive order as early as the second half of 2025, or possibly completing legislative processes between 2027 and 2028.


This is definitely not ordinary retail behavior. The professionalism of trading channels, the enormous scale of capital, and the synchronization of operations point directly to top hedge funds or listed company capital allocations. The collective actions of the giant whales have violently pushed the price of ETH up by 44% from $2,500 at the beginning of July, breaking through the $3,600 mark.

The logic of corporate treasury allocations in ETH is becoming increasingly clear: a staking annual yield of 4.25% far exceeds U.S. treasuries, combined with the reliability of the Ethereum network, which has not experienced a single downtime in ten years, making it a new tool for optimizing the balance sheets of tech companies. Vitalik Buterin insightfully pointed out that what institutions value most is Ethereum's stability, not the speed of speculation.

Wall Street's shift: The lightning battle for ETH in traditional finance is transitioning from ambiguity to fervor: Standard Chartered Bank has unprecedentedly opened ETH physical trading for institutional clients, launched a bank-grade trading interface, and regards ETH as a mainstream fiat asset. BlackRock's ETH spot ETF (ETHA) attracted $300 million in a single day, bringing all Ethereum ETF managed assets to $14.2 billion, accounting for 3.87% of ETH's total market value. JPMorgan CEO Jamie Dimon has completely changed his attitude towards cryptocurrencies, switching from fraud theories to fully embracing them.

Even more significant catalysts are on the way: The U.S. may include Ethereum in the national strategic reserve through an executive order in the second half of 2025! If it follows the legislative process, it will be completed by 2028 at the latest. Policy tailwinds will completely open the door for trillion-dollar pension funds to enter the market.

The stablecoin empire: The value capture engine of ETH - $260 billion in stablecoin market cap forms an invisible moat for ETH! Tether (USDT) at $160 billion and USDC at $64 billion are both built on the Ethereum network to create financial infrastructure. Whenever the demand for stablecoins expands, more ETH is needed for purchase and staking to ensure network security—this upward spiral mechanism makes ETH the 'digital oil' of the crypto world. The upcoming IPO of Circle will further strengthen ETH's core position in the digitization process of fiat currency.

On the eve of a surge: Three major catalysts are about to trigger a technical breakthrough. The approval of staking ETFs is expected before October 2025, allowing institutions to earn staking income through ETFs, completely removing the barriers for pension funds to enter the market. The GENIUS Act will be implemented, and the Trump administration is accelerating the establishment of a federal regulatory framework for stablecoins, clearing compliance risks for institutions allocating ETH.

The Layer 2 ecosystem is exploding: The Solana issuance platform Letsbonk occupies 54.5% market share, showing that Ethereum’s second-layer ecosystem still maintains dominance. Matrixport warns that of the 18% ETH increase in July, 17 percentage points were driven by Asian funds, and Eastern capital has already sniffed out the opportunity.

Analysis by Lei Ge:
This is definitely not the work of retail investors!
The buying quantities are almost the same: 103,000 vs 103,000
The timing is perfectly synchronized: lightning battle within 6 days
All using institutional exclusive channels, it is 100% Wall Street giants or listed companies scrambling for purchases! Why are institutions frantically buying ETH? The American listed company SharpLink Gaming (code SBET) has hoarded 280,000 ETH, more than the Ethereum Foundation! They have 99.7% of their ETH staked in banks for interest, and they increase their holdings by 23% every month. This is not trading coins; it is storing them like gold! Peter Thiel, the founder of PayPal, has bet on BitMine, which holds 163,000 ETH. Even the Trump family fund is secretly buying, recently dropping another $5 million to increase their holdings!

Lei Ge's viewpoint:
Institutions treat ETH as digital national bonds, with a staking annual yield of 4.25% that is more attractive than U.S. treasuries. With Ethereum's decade-long reliability and no downtimes, it provides liquidity that can instantly convert into cash when companies lack it, outperforming real estate. In short, ETH has become a bottom-line asset for big companies! Traditional finance has surged into the market with solid evidence: Standard Chartered Bank, known for foreign exchange trading, opened ETH physical trading, treating ETH as equivalent to the dollar. BlackRock’s ETH spot ETF raised $300 million in a single day, and the total scale of all ETH ETFs reached $14.2 billion, accounting for nearly 4% of ETH's market value. The most astonishing part is JPMorgan's CEO, who used to criticize Bitcoin as a scam, has now completely embraced cryptocurrencies. The U.S. may include ETH in the national reserve as early as 2025! If this comes true, pension funds and sovereign wealth funds will have to enter the market to grab assets!

Summary by Lei Ge:
Staking ETFs are coming soon; approval might occur before October 2025, allowing institutions to earn interest passively. The U.S. stablecoin bill is being implemented under Trump’s push; compliance will allow institutions to go all in. Exchanges are running low on ETH. BlackRock is withdrawing tens of thousands of ETH daily from exchanges for locking. OTC big player Wintermute's boss warns that off-exchange ETH is being bought out quickly! This wave of ETH has risen from $2,500 to $3,600, with a 44% increase, of which 17% is driven by Asian funds. Koreans and Japanese are bottom-fishing; history often repeats itself: in 2020, MicroStrategy hoarded BTC, and Bitcoin rose from $10,000 to $60,000. In 2024, giants will frantically buy ETH. How do you think the script will unfold?


Follow Lei Ge, tomorrow we will analyze how ordinary retail investors can benefit from this wave of institutional bonuses!


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