“Ethereum will enter the next chapter,” says the network co-founder.

4 Min Read
4 Min Read

Ethereum has a clear future, and expansion is a future where expansion is important. Institutional capital also plays a major role in what aims to be the horizon of the world’s second largest digital assets prosperity.

said Joseph Lubin, co-creator of the Ethereum Network and director of Sharplink Company. The network is entering “Next Chapter”. It is driven by the entry of traditional players, the growth of traditional financial talent and business recruitment.

Ethereum will enter the next chapter. Serious capital, experienced leadership and deep-seated developers will help drive it towards the core of global finances.

Joseph Rubin, director of Ethereum Cooker and Sharplink.

His statement coincides with the establishment of Joseph Chalom as the new executive co-op for Sharplink, the world’s second largest Ether (ETH) company.

Lubin emphasized that Chalom played a key role in the BlackRock digital asset strategy. Under that leadership, products such as IBIT (Bitcoin ETF), ETH (ETF of ETH) and Buidl (Tokenized Finance Fund) have been launched. According to Ethereum co-founders, the experience represents a clear indication of the direction the network is taking. It aims to integrate as an important part of the global financial system.

Sharplink Gaming, cited in the Nasdaq bag under the SBET ticket, has become prominent since ETH was incorporated as a financial asset. Currently, there are 360,800 units of ether, which is equivalent to approximately $13.33 million at market prices. Strategic decisions are consistent with strong rebounds in the price of their actions; In just a month and a half, it went from 2.4 US$ to 22.9 US$an increase of 850%.

See also  Nvidia's revenues are in the spotlight

In addition to Sharplink, other companies have integrated Ether into balance. In total, ETH has 61 companies with active Ministry of Finance. The biggest one is Bitmine Immersion, a former Bitcoin mining company also listed on Nasdaq. Bitmine maintains custody of 566,800 ETH, with an estimated $2.1 billion. That strategy has resulted in a revaluation of the stock market. Over the past two months, its stock has grown from $4.5 to $43.6, up 870%.

There are strong expectations for ETH

These uptakes reflect broader trends in financial markets. Ether’s institutional demand has created a strong imbalance with the offer for Bitwise Investment Director Matt Hougan.

According to the executive, there are seven fundamental factors that are pushing ETH prices up, as reported by Cryptootics. Among them is the growth of distributed fiscal finances (DEFI), the use of stubcoins in Ethereum, and the surge in real-world tokens (RWAs).

Hougan predicts this trend will deepen in the coming months. He suggests that a “demand crisis” could develop.”because the intrusion of new institutional actors has accelerated.

As shown below, up to the moment, over 2.3 million ETH are in the hands of corporate institutions.

In Rubin’s words, Ethereum is strengthened when “serious capital, experienced leadership, developers” promote adoption. As you can see, recent moves have demonstrated that Ethereum is ready to assume the “nuclear role” in the development of a new global financial order.

Share This Article
Leave a comment