Bitcoins - about to hit $5,000 per coin today!

[Griffith]

Peter Thiel filed with the SEC today to disclose a 9.1% stake in Tom Lee's BitMine (BMNR) 🤯

BMNR up 12% after hours on the news

https://x.com/Tyler_Did_It/status/1945282870240587870?t=o1wjSkkb0eGxLoRLkv9fcg&s=19

Peter Thiel just bought a 9.1% stake in Bitmine Immersion Technologies (Tom Lee's ETH treasury vehicle).

ETH is going so much higher than you can even imagine.

https://x.com/sassal0x/status/1945272105488269619?t=uYLzN72v7-FQajBrJQrxBw&s=19

For those who don't know, Peter Thiel is the co-founder of Paypal.

It's no wonder he has an interest in the world's leading stablecoin platform: Ethereum.

[SouJerz]

BTC Market Cap – July 2020: $163 billion
ETH Market Cap – July 2025: $367 billion

Ethereum's current market cap is already 2.25x what Bitcoin’s was five years ago in July 2020 — and ETH is still six years younger than BTC.

Now imagine if ETH’s next all-time high in 2025 or 2026 reached 2.25x Bitcoin’s 2021 peak market cap.
That would put Ethereum’s price well over $20,000.

Ethereum $20,000 in 2033?

[obsidian]

New record ETH Spot ETF inflows: $726.6 million

BlackRock - $499.2 million
Fidelity - $113.3 million
Bitwise - $14.4 million
VanEck - $3.7 million
Invesco - $3.7 million
Franklin - $5.1 million
Grayscale ETHE - $33 million
Grayscale ETH - $54.2 million

https://farside.co.uk/eth/

BlackRock's fund now holds $7.1 billion ETH, and Fidelity close to $2 billion.

[obsidian]

Ethereum $20,000 in 2033?

I think ETH could reach that level by 2026 — possibly even sooner. Right now, ETH is already trading over $1,000 higher than where BTC was in July 2017. BTC peaked around $19,000 later that year. By 2026, ETH might even reach double the market cap that BTC hit in 2021.

[obsidian]

https://www.growthepie.com/
https://dune.com/hildobby/blobs
https://ethereum-blob-simulator.netlify.app/
https://ethereumadoption.com/built-on-ethereum/
https://ethereumdashboards.com/
https://ethereumobituaries.com/
https://forkcast.org/
https://lab.ethpandaops.io/beacon/slot/live

[Griffith]

Bank of America: Ethereum Commands 50% Stablecoin Market Share

Ethereum was highlighted in Bank of America’s recent “On Chain” report as a key platform in the growing stablecoin market, indicating increased institutional trust in blockchain technology.

This support underscores Ethereum’s unique infrastructure and its crucial role in decentralized finance, reflecting a broader trend toward mainstream financial acceptance of digital assets. Ethereum is a popular choice for both developers and institutional investors, and its leadership in stablecoins highlights its fundamental importance in the evolving digital economy.

Bank of America’s report also recognizes Ethereum’s significant role in the stablecoin ecosystem at an institutional level. The designation of Ethereum as the primary network hosting over 50% of stablecoins confirms the blockchain’s robust infrastructure and strategic importance in digital finance.

This acknowledgment enhances Ethereum’s credibility and signals a developing financial landscape in which traditional banks are increasingly integrating blockchain technology into their systems.

The report suggests that Ethereum is a vital part of the future of global payments and financial services, not just a speculative asset.

https://www.fxleaders.com/news/2025/07/15/bank-of-america-ethereum-commands-50-stablecoin-market-share/

[Griffith]

The Strategic ETH Reserve up half a billion USD since yesterday.

https://www.strategicethreserve.xyz/

[Griffith]

PayPal expanded its USD-backed PYUSD stablecoin to Arbitrum, a Layer 2 Ethereum network

PayPal has expanded its U.S. dollar-backed stablecoin, PYUSD, to the Arbitrum network, a leading Layer 2 scaling solution for Ethereum. This move is aimed at providing users with faster and more cost-effective transactions.

Ultimately, the move by PayPal indicates that the firm is keen on digital money. The inclusion of Arbitrum is empowering people with more options through PayPal.

The mission is obvious: turn digital payments into simple, inexpensive, and secure. This may introduce stablecoins to the lives of more people in the future.


https://www.ainvest.com/news/ethereum-news-today-paypal-expands-pyusd-stablecoin-arbitrum-network-faster-transactions-2507/

[Griffith]

SharpLink Gaming to raise $5 billion to buy more ETH.

https://www.mitrade.com/insights/crypto-analysis/eth/fxstreet-ETHUSD-202507180927

[Mayday]

Make of my targets what you will. No target has been set above 130k yet by my methods.

I think many think it’s over post July and expect a full rotation.

[Flexacon]

This is just a test pump. Real fireworks are in Q4

[Griffith]

Ethereum Surges to 16-Month High Through Record ETF Inflows

Ethereum ETH/USD has seized enormous momentum this week, trading at about $3,600 with gains reaching 7.7% in the preceding 24 hours. The cryptocurrency has gone up 23% in the past week, which is a lot more than Bitcoin’s 13% rise. This makes it one of the best performers in the current market cycle.

The rise comes at a time when institutional interest is at an all-time high. On Wednesday, US Ethereum spot ETFs saw their biggest single-day inflow ever, with $727 million coming in.

Reserve Status of the asset:

Because Ethereum is the most popular stablecoin, it has become the backbone of the digital dollar economy. Ethereum has become the main settlement layer for digital financial infrastructure because it issues more than 54% of all stablecoins.

Digital Oil:

Key players in Ethereum say that ETH is a useful, yield-bearing commodity that drives the on-chain economy. Ethereum is different from Bitcoin’s “digital gold” story because it mixes value storage with usefulness. It burns ETH as fuel for transactions while keeping it scarce by limiting issuance to 1.51% each year.

Staking Yield:

BlackRock’s request to add staking incentives to its Ethereum ETF could open up more institutional demand.

https://www.fxleaders.com/news/2025/07/18/ethereum-surges-to-16-month-high-through-record-etf-inflows/

[obsidian]

Because Ethereum is the most popular stablecoin, it has become the backbone of the digital dollar economy.

I had to laugh at this line. Ethereum is not a stablecoin - lmao! Stablecoins like USDC, USDT, DAI, etc., exist on Ethereum as ERC-20 tokens, which are created and managed by smart contracts. Ethereum (ETH) is a decentralized, programmable cryptocurrency that powers the Ethereum blockchain, used to pay for transactions and execute smart contracts—not a stablecoin.

More than 50% of the stablecoin supply is on Ethereum and it's L2s. Tron (TRX) is second and Solana (SOL), third. Fourth is Binance Smart Chain (BSC), with BNB as the token / ticker.

But there's been a joke going around that Ethereum is a stablecoin, due to the horrible price performance recently.

[obsidian]

Charles Schwab CEO says Bitcoin, Ethereum trading coming soon
Rick Wurster said in an interview that clients want to see all their assets in the same dashboard.

Charles Schwab CEO Rick Wurster confirmed the brokerage plans to add Bitcoin (BTC) and Ethereum (ETH) trading for its customers during an interview with CNBC on July 18.

According to Wurster, the move comes amid heavy client demand to see all their asset exposure in the same dashboard.

He said:

“Our clients are invested in crypto today.”

He explained that the firm’s customers already hold more than 20% of all crypto exchange‑traded products (ETPs) in the US, worth roughly $25 billion. However, this number amounts to only roughly 0.2% of the firm’s $10.8 trillion in total client balances.

Wurster’s remarks confirm reports from early May about the firm’s interest in crypto trading services.

Clients seek one‑stop custody
Wurster framed the spot Bitcoin and Ethereum access as a consolidation tool rather than a venture into speculative trading.

He said many households already keep 98% of their wealth at Schwab but maintain a small “one or two percent” slice at specialist crypto platforms so they can hold coins directly.

Charles Schwab’s CEO noted:

“They really want to bring it back to Schwab because they trust us.”

Furthermore, he said that customers prefer to view crypto alongside equities, bonds, and cash on a single dashboard.

Wurster expects the rollout to “accelerate our growth” because balances parked elsewhere would migrate once Schwab offers direct custody. He did not specify a launch date, saying only that the service will arrive “sometime soon.”

Direct rivalry with Coinbase
Asked whether the addition sets up a head‑to‑head contest with Coinbase, Wurster answered “absolutely.”

He said Schwab wants customers who currently buy coins at Coinbase to transfer those holdings back to Schwab, where the brokerage already provides round‑the‑clock service, research tools, and integrated portfolio reporting.

Schwab’s upcoming service will complement the crypto exposure it already supports through exchange‑traded products.

Wurster did not discuss fees, trade execution partners, or wallet architecture, but he emphasized that the firm will apply the same custody standards it uses for traditional securities.

https://cryptoslate.com/charles-schwab-ceo-says-bitcoin-ethereum-trading-coming-soon/

[Griffith]

I had to laugh at this line. Ethereum is not a stablecoin - lmao! Stablecoins like USDC, USDT, DAI, etc., exist on Ethereum as ERC-20 tokens, which are created and managed by smart contracts. Ethereum (ETH) is a decentralized, programmable cryptocurrency that powers the Ethereum blockchain, used to pay for transactions and execute smart contracts—not a stablecoin.

More than 50% of the stablecoin supply is on Ethereum and it's L2s. Tron (TRX) is second and Solana (SOL), third. Fourth is Binance Smart Chain (BSC), with BNB as the token / ticker.

But there's been a joke going around that Ethereum is a stablecoin, due to the horrible price performance recently.

They obviously mean most stablecoins are on Ethereum, as 'it issues more than 54% of all stablecoins'.

I know you don't view stablecoins as important for Ethereum's growth or the global financial system, but for someone with a background in economics, I do view it as extremely important. As does SBET, BMNR, BTBT, etc.

[French]

 

[GymnJuice]

Charles Schwab CEO says Bitcoin, Ethereum trading coming soon
Rick Wurster said in an interview that clients want to see all their assets in the same dashboard.

Charles Schwab CEO Rick Wurster confirmed the brokerage plans to add Bitcoin (BTC) and Ethereum (ETH) trading for its customers during an interview with CNBC on July 18.

According to Wurster, the move comes amid heavy client demand to see all their asset exposure in the same dashboard.

He said:

“Our clients are invested in crypto today.”

He explained that the firm’s customers already hold more than 20% of all crypto exchange‑traded products (ETPs) in the US, worth roughly $25 billion. However, this number amounts to only roughly 0.2% of the firm’s $10.8 trillion in total client balances.

Wurster’s remarks confirm reports from early May about the firm’s interest in crypto trading services.

Clients seek one‑stop custody
Wurster framed the spot Bitcoin and Ethereum access as a consolidation tool rather than a venture into speculative trading.

He said many households already keep 98% of their wealth at Schwab but maintain a small “one or two percent” slice at specialist crypto platforms so they can hold coins directly.

Charles Schwab’s CEO noted:

“They really want to bring it back to Schwab because they trust us.”

Furthermore, he said that customers prefer to view crypto alongside equities, bonds, and cash on a single dashboard.

Wurster expects the rollout to “accelerate our growth” because balances parked elsewhere would migrate once Schwab offers direct custody. He did not specify a launch date, saying only that the service will arrive “sometime soon.”

Direct rivalry with Coinbase
Asked whether the addition sets up a head‑to‑head contest with Coinbase, Wurster answered “absolutely.”

He said Schwab wants customers who currently buy coins at Coinbase to transfer those holdings back to Schwab, where the brokerage already provides round‑the‑clock service, research tools, and integrated portfolio reporting.

Schwab’s upcoming service will complement the crypto exposure it already supports through exchange‑traded products.

Wurster did not discuss fees, trade execution partners, or wallet architecture, but he emphasized that the firm will apply the same custody standards it uses for traditional securities.

https://cryptoslate.com/charles-schwab-ceo-says-bitcoin-ethereum-trading-coming-soon/

I own IBIT through Schwab. It is a bitcoin ETF. It has an expense ratio of 0.25% which is high compared to most passive ETF / index funds. If I could own bitcoin directly through Schwab then presumably, I'd cut out that expense. I think most investors would also sell their bitcoin ETFs to own direct bitcoin through their brokerage if that was the case. Unless I'm missing something else?

[obsidian]

They obviously mean most stablecoins are on Ethereum, as 'it issues more than 54% of all stablecoins'.

I know you don't view stablecoins as important for Ethereum's growth or the global financial system, but for someone with a background in economics, I do view it as extremely important. As does SBET, BMNR, BTBT, etc.

I view stablecoins as very important for Ethereum's growth. Tom Lee has the perfect pitch. He says stablecoins are the ChatGPT moment of crypto, most stablecoins are on Ethereum, and to keep stablecoins secure, you need to buy and stake Ethereum. That's gold right there!

Now some people claim more Ethereum staked just improves Ethereum's economic security but does nothing to make stablecoins more secure. But I think they miss the point. If Ethereum was easy to 51% attack, then stablecoins might depeg if Ethereum's trust is undermined via an attack. Even though stablecoins are backed by realworld assets.

I laughed because they literally said: "Because Ethereum is the most popular stablecoin" - I know they misspoke, but someone who knows nothing about crypto might think Ethereum is a stablecoin. Which it is not. And we don't want it to be. We want Ethereum to increase in value as it's done since 2015. ETH is currently up +303,681.26% since launch. I am waiting for that number to go to 1 million % - I think  it's going to happen sooner than people think.

[Griffith]

Up another $1 billion in 4 days:

[obsidian]

Up another $1 billion in 4 days:

Amazing. The spot ETH ETFs had more inflows than BTC's Spot ETFs the past two trading sessions. It's about time. ETH is still very undervalued. Tom Lee reckons a fair price for ETH right now is $15,000. BTC is around 1.73x up from it's 2021 ATH. ETH need to go to +/- $8,500 to match BTC's current performance. I am interested to see how difficult the $4,000 resistance is this time.

[obsidian]

I own IBIT through Schwab. It is a bitcoin ETF. It has an expense ratio of 0.25% which is high compared to most passive ETF / index funds. If I could own bitcoin directly through Schwab then presumably, I'd cut out that expense. I think most investors would also sell their bitcoin ETFs to own direct bitcoin through their brokerage if that was the case. Unless I'm missing something else?

Is that what In-kind redemptions are for? There's a push to allow that for the BTC and ETH ETFs. The SEC has postponed their final decision till September.

https://decrypt.co/330480/sec-decision-bitwise-bitcoin-ethereum-etfs-in-kind-redemptions

[GymnJuice]

Is that what In-kind redemptions are for? There's a push to allow that for the BTC and ETH ETFs. The SEC has postponed their final decision till September.

https://decrypt.co/330480/sec-decision-bitwise-bitcoin-ethereum-etfs-in-kind-redemptions

I'm a very novice and basic trader. I just own index funds/ETFs and for the most part follow a Bogle head 3 fund portfolio method. I didn't even know what "in kind redemptions" were. Now I'm going down a rabbit hole learning about something I'll probably never do 

But yes, if they allowed for an in-kind redemption for a Bitcoin ETF I'd probably do it just to save money off of the expense ratio of the ETF. I suppose I could do that already by owning direct bitcoin through an exchange instead of the ETF through my brokerage. I'm leery of the exchanges (I'm sure you guys are much more comfortable with them from your own experiences) because of what I read online about Mt Gox.

[Griffith]

Dynamix plans to form Ether Machine, plans to hold more than $1.5 billion in ETH

According to Foresight News, the Wall Street Journal cited people familiar with the matter as saying that blank check company Dynamix is preparing to merge with another entity to form a new company called "Ether Machine". The merged company plans to hold more than $1.5 billion in ETH.

https://followin.io/en/feed/18849794

https://ethermachine.com/

[obsidian]

Dynamix plans to form Ether Machine, plans to hold more than $1.5 billion in ETH

According to Foresight News, the Wall Street Journal cited people familiar with the matter as saying that blank check company Dynamix is preparing to merge with another entity to form a new company called "Ether Machine". The merged company plans to hold more than $1.5 billion in ETH.

https://followin.io/en/feed/18849794

https://ethermachine.com/

haha that's crazy. All these new developments around Ethereum. The Fusaka upgrade to launch in November. Meanwhile, feature upgrades in the Glamsterdam hard fork, the next upgrade after Fusaka, are set to be confirmed on Aug. 1.

https://cointelegraph.com/news/ethereum-s-fusaka-fork-tipped-for-november-as-glamsterdam-comes-into-view

[obsidian]

https://accelereth.com/