Ethereum and Institutional Moves Signal Stronger Crypto Market Confidence

The market was significantly influenced by various major movements. Binance Coin (BNB) reached a new all-time high of $802, surpassing Solana (SOL) in market capitalization. Ethereum ETFs attracted substantial net inflows of $533.9 million, indicating genuine institutional interest beyond mere speculation. BlackRock demonstrated strong conviction by purchasing 115,295 Ethereum through its spot ETF, totaling $426 million in just one day. Jupiter's total value locked (TVL) exceeded $3 billion for the first time, reflecting growing DeFi activity. Additionally, several strategic corporate developments occurred: World Liberty Financial merged with Vaulta, Rainmaker was listed on Kraken and Uniswap, and Binance's campaign with Bitlayer launched. The Theoriq public sale went live, while Alliance Games expanded its listings across major exchanges. Ondo Finance added support for USDY, and major financial institutions like Goldman Sachs and BNY Mellon collaborated on tokenized money markets. Western Union is also exploring stablecoins for digital wallets. Overall, prominent entities continue to pour significant capital into crypto and DeFi sectors, especially with Ethereum maintaining its appeal for substantial investments.