A New ETH Bull Case
View in Browser
Sponsor: Mantle — mETH Protocol kickstarts Season 2 of Methamorphosis.
- 🟠 More Companies Are Stacking BTC. As MicroStrategy continues to buy Bitcoin, a growing slate of firms are starting to imitate the strategy.
- 📈 Bitcoin ETF Options Are Near. The Commodity Futures Trading Commission (CFTC) has paved the way for the first Bitcoin ETF options.
- 🔮 Monad Launches Public Testnet. Monad, one of the most anticipated upcoming L1s, just unveiled its first public testnet event.
📸 Daily Market Snapshot: The bulls are back in full force. Over the weekend, the combined market cap of the cryptocurrency ecosystem surpassed the $3 trillion threshold for the first time. This milestone was achieved as Bitcoin just soared past $90,000, and with nearly $1 trillion added to the cryptoeconomy's market cap in just the past two weeks alone. In other words? Investor interest and confidence in crypto is undeniably surging.
| Prices as of 2pm ET | 24hr | 7d |
|
Crypto $3.07t | ↗ 1.7% | ↗ 2.7% |
|
BTC $90,368 | ↗ 0.2% | ↗ 5.3% |
|
ETH $3,161 | ↗ 2.5% | ↘ -4.9% |
|
RAY $5.60 | ↘ 0.5% | ↗ 4.2% |
The taste we’ve gotten of what crypto regulation may be like under Trump in the two weeks since his re-election looks quite promising, especially for ETH.
While ETH has steadied since its spike immediately following the election, institutional demand continues to trend up while supply only further constricts as staking levels reach record highs. This attractive market setup is mixing with expectations of lenient regulation, paving the way for staking in ETH ETFs and fee switches to be turned on for crypto protocols.
With Ethereum ready to capitalize on these trends, there is a robust case for its outperformance, as well as for the outperformance of its strongest L2, Base.
In this article, let's delve into all the main factors that are making such a favorable environment for ETH right now! 👇
Season 2: Methamorphosis is now live on mETH Protocol, following the launch of their governance token, COOK, and cmETH, the liquid restaked version of mETH. With cmETH, holders can enjoy yields across multiple restaking protocols like Karak, EigenLayer, Symbiotic, while earning Powder for more COOK.
Is Ethereum's ambitious roadmap the next big game-changer in crypto?
In this episode of Bankless, we're joined by Justin Drake to delve into Ethereum's 5-year strategy. We discuss major upgrades aimed at enhancing the network's performance, scalability, and functionality.
Justin breaks down EthProofs, ZK-EVMs, and new proposals like the Beamchain, exploring how these innovations promise to revolutionize the OG smart contract platform.
Tune in for a deep dive into Ethereum's future! 👇