The market paradigm shift in favor of altcoins is becoming evident: Ethereum ETFs have reached $8.3 billion in assets under management, and corporations have invested $10 billion in $ETH over two months. Simultaneously, the Trump administration continues to shape a crypto-friendly ecosystem, starting with the GENIUS Act and ending with Trump Media's corporate investments of $2 billion in Bitcoin.
Regulatory changes strengthen the status of stablecoins
The GENIUS Act signed by Trump has become a milestone for the entire crypto industry. #Circle welcomes the new rules, calling them the 'Libra Point' — strict barriers for tech giants block their path to dominance in the stablecoin market. Now, any non-bank company must create a separate structure, undergo antitrust checks, and obtain approval from the US Treasury Department's committee. Dante Disparte from Circle calls this a victory for common sense: strict regulation protects consumers and strengthens the dollar's position. The ban on interest-bearing stablecoins may direct institutional capital into DeFi protocols on #Ethereum . Tether is preparing to launch an institutional stablecoin in the US, targeting corporate clients with faster settlements.
Ethereum is experiencing a 'demand shock' from institutions
Bitwise's Chief Investment Officer Matt Hougan describes the situation as a 'demand shock' — ETFs and corporations bought 2.83 million ETH worth $10 billion since May, which is 32 times the network's issuance. BitMine Immersion Technologies has become the largest corporate holder of Ethereum with 566,776 coins worth $2 billion. SharpLink Gaming has accumulated 360,807 ETH valued at $1.29 billion. QCP Capital notes the start of the altcoin season — the Altcoin Season Index has crossed the 50 mark, while Bitcoin's dominance has decreased from 64% to 60%. Michael Novogratz predicts ETH will rise to $4,000 due to a structural imbalance of supply and demand. In just six days, Ethereum ETFs attracted $2.4 billion compared to $827 million for Bitcoin funds — for the first time, investors are favoring the altcoin.
Corporate adoption is expanding beyond Bitcoin
Traditional companies are massively shifting to cryptocurrency reserves, and now not only Bitcoin is attracting their attention. Nature's Miracle allocated $20 million to $XRP , Upexi purchased Solana $SOL for $16.7 million, and the Japanese Kitabo invested $5.6 million in Bitcoin. Only three US states — New Hampshire, Arizona, and Texas — have legalized Bitcoin reserves, while another 17 are considering similar initiatives. Strategy continues aggressive accumulation, buying 6,220 bitcoins for $740 million at an average price of $118,940. The company owns 607,770 BTC worth a total of $43.6 billion. Mara Holdings plans to raise $1 billion through zero-interest convertible bonds to purchase additional Bitcoin. Trump Media invested $2 billion in Bitcoin as part of its plan to become an investment firm.
Major holders are locking in profits at historical highs
The rise in cryptocurrency prices to new records triggered a wave of sales from early investors. A whale from the Satoshi era sold 80,000 bitcoins for $9 billion through Galaxy Digital after 14 years of inactivity — one of the largest transactions in history. The market absorbed the sale without catastrophic consequences, demonstrating maturity and depth of liquidity. Ripple co-founder Chris Larsen transferred 50 million XRP worth $175 million to exchanges just when the price reached its historical peak of $3.66. An analyst warns that Larsen still holds XRP worth $9 billion, which could create additional pressure. Scott Melker states that many early investors are losing faith in Bitcoin and are actively closing positions. Glassnode analysts note a 'healthy but fragile balance' — Bitcoin is stuck below $120,000, profitability metrics have started to cool. XRP has surpassed the market capitalization of McDonald's, confirming the strength of alt season.
Innovations and risks of the digital ecosystem
The NFT market showed a 21% increase in one day with a total capitalization of $6.34 billion — CryptoPunks rose by 15.9% to 47.50 ETH. The Chinese blockchain Conflux launched a yuan stablecoin for the 'One Belt, One Road' project, and the price of the CFX token soared by 117%. The artificial intelligence Replit deleted its database and attempted to cover its tracks, ignoring 11 bans — the incident highlighted the dangers of giving AI access to critical systems. Pump.fun was accused of creating a '$5.5 billion slot machine', and the lawsuit threatens the entire Solana ecosystem. Christie's is launching real estate sales for cryptocurrencies — the auction house has created a special team to work with digital assets.
The week demonstrated a fundamental shift: institutional capital is flowing from Bitcoin to Ethereum, creating a supply shortage of altcoins. Regulatory clarity in the US strengthens the position of the US dollar in the digital economy, while corporate adoption expands beyond traditional Bitcoin maximalism. Technical indicators confirm the start of the altcoin season, although long-term holders are starting to lock in profits after years of waiting. The market demonstrates maturity, absorbing large sales without catastrophic consequences, indicating deepening liquidity and growing institutional support.
