Phew! After nearly four years, ETH set a new record high, pushing past its old 2021 peak. ETF inflows, staking demand, and rising institutional adoption are fueling the move, with ETH finally stepping out of Bitcoinâs shadow. For ETH holders, itâs been a long wait, but the âultrasound moneyâ crowd is celebrating vindication. (Decrypt)
đ Weekend Dip Puts Bulls on Edge
BTC dipped sharply over the weekend before rebounding, leaving bulls questioning whether the rally has legs. Analysts note funding rates are cooling, leverage has reset, and long-term inflows remain intact, all suggesting the dip might have been more healthy flush than structural weakness. As we all know too well by now, in crypto, pain is often the price of continuation. (Decrypt)
⥠Bitcoin Dip Sparks Talk of Altcoin Season
Bitcoinâs sudden weekend plunge rattled traders, but some see it as the spark for an altcoin rotation. With BTC dominance slipping after months of institutional-driven flows, ETH, SOL, and mid-cap tokens are picking up momentum. Itâs too early to declare a full alt season, but the pullback may finally be giving sidelined liquidity an excuse to move down the risk curve. (CoinDesk)
đ ETF Filings Frenzy Keeps Rolling
Crypto issuers are rushing to file new ETFs across altcoins and hybrid strategies, following the runaway success of Bitcoin and Ethereum products. Solana, XRP, and even DeFi basket ETFs are reportedly in the pipeline. Itâs a gold rush moment for issuers, but the SEC will have the final word on whether the menu actually expands. (Blockworks)
đ¸ Stripe and Circle Drop Their Own L1s
This news ruffled some crypto feathers. In a move straight out of the stablecoin wars, Stripe and Circle both launched new Layer 1 blockchains to gain tighter control over payments. For Stripe, itâs about merchant rails, while for Circle, itâs about defending USDCâs crown. Either way, the battle over who powers the internetâs money pipes just went up a level. (Blockworks)
đ§ Kanyeâs YZY Memecoin: Exactly What We Donât Need
Kanye West (or Ye) apparently wants in on the crypto action, teasing a YZY memecoin, because of course he does. Industry voices were quick to call it a distraction at best, and a credibility risk at worst. With regulators circling and institutions leaning in, another celebrity coin grab feels like the opposite of what the market needs right now. We tend to agree. (Blockworks)