How Far Can ETH Go?
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Sponsor: Mantle — Mantle is pioneering "Blockchain for Banking,” a revolutionary new category at the intersection of TradFi and Web3.
- 💰 BitMine Adds 208K ETH to Treasury, Reclaiming Largest Holder Title. BitMine's recent ether acquisitions have taken the firm's holdings near $3 billion.
- 🐂 Crypto Exchange Bullish Files for U.S. IPO. The crypto platform is the latest crypto giant to plan a public debut, aiming for a $4.2B valuation.
- 💸 Barry Silbert Is Back at Grayscale as Chairman. DCG founder reclaims chair role as Grayscale gears up for IPO.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $3.76T | ↗ 1.6% | ↘ 3.0% |
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BTC $114,971 | ↗ 0.4% | ↘ 2.7% |
|
ETH $3,708 | ↗ 6.2% | ↘ 2.1% |
As we all know, memecoins have surged this cycle — a phenomenon fueled and formalized by Pump.fun.
Defining this category has brought Pump an impressive $780M in revenue in just 18 months. Still, little of that windfall appears to have been reinvested back into the ecosystem. When whispers of a $600M ICO at a $4B valuation began circulating in June, sentiment began to shift. The platform’s need for additional capital – despite its massive revenues – sparked fresh scrutiny. Where many once saw ambition and growth, some now saw signs of an operation optimizing more for extraction than ecosystem building.
This came to a head in early July when platforms hosting the ICO leaked the raise's dates, triggering an exodus from Pump. That week, BonkFun, the launchpad of Solana's oldest memecoin BONK, had its market share flip Pump's for the first time. And, since then, Bonk, and now Zora, have continued eating away at the launchpad market, with Bonk now commanding 81% of total market share and Zora flipping both for tokens launched.
This trust here doesn't come from better "technology" or new launch mechanisms. Pump, Bonk, and Zora all use launch and liquidity mechanisms that have been in crypto for a long time. It's the financial and social tactics each platform employs that set them apart.
Let's take a closer look 👇
UR, the world's first money app built fully onchain, transforms Mantle Network into a purpose-built vertical platform — The Blockchain for Banking — that enables financial services onchain. Mantle leads the establishment of Blockchain for Banking as the next frontier.
Ethereum has flipped the switch.
After years of underperformance, ETH is showing decisive momentum, not just in USD terms, but against Bitcoin and the broader altcoin market. In this episode, Ben Cowen returns to break down what’s changed, why ETH may be on a path to new all-time highs, and what its dominance means for the rest of the cycle.
We explore ETH’s regression bounce, ETHBTC targets, the fading strength of altcoins, and how market narratives tend to follow price, not the other way around. Ben also lays out his roadmap for the coming months and shares why this phase might be “Ethereum season,” not just in name, but in structure.
For anyone navigating crypto this cycle, this episode is a must-listen👇