July 19, 2025
The market has cooled slightly, mainly due to the funding rate market. Yesterday, many coins that surged hit annualized returns above 100%, but today they have basically returned to 10%. Meanwhile, the interest on USDT deposits has also dropped from a high of 40%. This shows that yesterday's market was not only U.S. stock companies frantically fomoing into Ethereum, but the market's greed was also very strong. However, the good news is that even if the sentiment has cooled, prices have not overly corrected. Just look at Bitcoin and Ethereum's prices, which have only slightly adjusted.
This market trend is inseparable from the assistance of Ethereum's version of micro-strategies. Many U.S. stock companies hope to allocate cryptocurrencies to raise their stock prices. Of course, Ethereum's stability is somewhat inferior to Bitcoin's, and there are many opportunistic operators taking advantage of this situation. Regardless, the upward trend of Ethereum has not stopped. Whether from the perspective of main force pulling the market or Wall Street's funding support, the upcoming market for Ethereum is worth looking forward to.
Another thing worth paying attention to is that Trump officially signed the (Genius Act), which means that the regulatory framework for stablecoins has been officially established. In a sense, stablecoins are also beneficial for the development of Ethereum. Imagine when a stablecoin worth hundreds of billions or even trillions comes out, looking for a public chain that can support this market value, I think it has to be Ethereum. The passage of the stablecoin bill will undoubtedly provide an entry point for funds into the cryptocurrency space. If large funds previously only dared to invest in the crypto space through crypto companies, Bitcoin, Ethereum ETFs, etc., they can now directly invest in cryptocurrencies through compliant stablecoins.
Currently, there is a stablecoin project worth paying attention to, which is the WLFI created by Trump's son. Its current off-market valuation has exceeded ten billion. In comparison, $TRUMP the current total market value is also around ten billion, while the latter is just a pure MEME token. Therefore, WLFI theoretically has a higher valuation, and the core is directly benefiting from the passage of the U.S. stablecoin bill through USD1. #GENIUS稳定币法案
