Presto Research Director: Ethereum is Ready to Win Wall Street's Approval

By: theblockbeats.news|2025/08/12 16:52:00
0
Share
copy

BlockBeats News, August 12th, as the second-largest cryptocurrency ETH surged to its highest level in nearly four years, the U.S. Ethereum spot ETF saw its largest single-day inflow of funds. Data shows that on Monday, the Ethereum spot ETF attracted a total of slightly over $1 billion in inflows. So far this year, the total inflow of these 9 funds has exceeded $8.2 billion.

It turns out that the focus on ETH by "treasury companies" is an important driver of the token's rise. These listed companies continue to expand their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, the so-called "digital asset treasury companies" have so far absorbed over $15 billion worth of ETH. Peter, research director at the quant trading firm Presto, said: "Recent stablecoin legislation and the cryptocurrency roadmap outlined by the Chairman of the U.S. Securities and Exchange Commission both indicate that the Ethereum blockchain behind Ether is ready to win Wall Street's approval." (Gold10)

You may also like

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Overview of Important Market Events on June 23

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com