July 19, 2025

The market has slightly cooled down, mainly in the funding rate market. Yesterday, many coins that surged hit above 100% annualized returns, but today they have basically returned to around 10%. Meanwhile, the interest on USDT savings has also dropped from a high of 40%. This shows that yesterday's market was not only driven by the frenzy of US stock companies FOMOing into Ethereum, but also a strong sense of greed in the market. However, the good news is that even though the sentiment has cooled down, the prices have not corrected excessively. Just look at Bitcoin and Ethereum prices; they have only slightly declined.
This wave of market trends cannot be separated from the support of Ethereum version micro-strategy. Many US stock companies hope to allocate cryptocurrencies to boost their stock prices. Of course, the stability of Ethereum is somewhat inferior to that of Bitcoin, and there are many manipulative traders with ulterior motives taking advantage of this situation. Nevertheless, the upward trend of Ethereum has not stopped. From the perspective of major players driving the market and the attention of Wall Street funds, the upcoming market for Ethereum is worth looking forward to.
Another thing worth noting is that Trump has officially signed the "Genius Act," which means that the regulatory framework for stablecoins has been formally established. Stablecoins, in a sense, are also beneficial for the development of Ethereum. Imagine when a stablecoin worth hundreds of billions or even trillions comes into play, it will need a public blockchain that can support this market value, and I believe Ethereum is the only choice. The passage of the stablecoin bill will undoubtedly provide an entry point for capital injection into the crypto space. If large funds previously only dared to invest in the crypto space through crypto companies, Bitcoin, Ethereum ETFs, etc., then afterwards...