Author: Alertforalpha
Translated by: Blockchain Plain Language
Ethereum is entering a critical stage, with political momentum, technological upgrades, and institutional adoption converging - smart money is already preparing for Ethereum's potential next major bull market.
1. Genius Act + Washington Tailwind
Multiple hearings in early June:
- June 4: House hearing on the future of digital assets
- June 5: Data Privacy and Financial Committee
- June 10: Legislative Marking - Final adjustments before law passage
Another bill: Credit Card Competition Act, which could significantly reduce merchant fees and incentivize stablecoin payments.
Significance: These regulations could accelerate stablecoin adoption, with Ethereum remaining the primary stablecoin layer.
2. Stablecoins: Hidden Catalyst
- Stablecoin infrastructure surge: Ethereum, Solana, Arbitrum, Base, and Avalanche are seeing capital inflows.
- DeFi stablecoin yields are attracting new capital into the crypto market.
- Jamie Dimon of JPMorgan Chase acknowledges they are working to "externalize" JPM Coin, embracing blockchain as a global payment rail.
- "This could reshape the entire financial structure."
3. Institutions Quietly Accumulating Ethereum
- Despite publicly expressing skepticism, JPMorgan Chase is deeply embedded in Ethereum infrastructure through Onyx, Avalanche, Axelar, and LayerZero.
- Analysts claim "institutions have no interest in Ethereum," but on-chain growth and Ethereum Foundation holdings suggest otherwise.
- Circle (USDC issuer) is collaborating with JPMorgan Chase and Citigroup before its IPO, further connecting Ethereum with traditional finance.
4. Ethereum Upgrade: Fusaka = Game Changer
The Fusaka upgrade (expected Q3-Q4) will:
- Increase Ethereum L1 capacity by 20 times
- Allocate 1% of Ethereum supply annually to blob fees (expanding layer-two networks)
- Make Ethereum L1 financially sustainable through layer-two usage
This is not hype - Ethereum's last major upgrade (Pectra) already brought strong price performance. Smart money is flowing back into Ethereum.
5. Exchange Platform Balances Declining
- Ethereum is being withdrawn from trading platforms, typically signaling accumulation before major moves.
- Retail investors are starting to follow: Ethereum is the second most expected purchase asset after Bitcoin in 2025 (43% of surveyed investors).
6. Ethereum vs Gold - Tokenization Frontier
Paul notes Tether Gold (XAUT): Tokenized gold is becoming a better digital asset than Bitcoin in certain use cases.
Peter Schiff (ironically) acknowledges:
- "Tokenized gold can be used for micropayments - something Bitcoin cannot efficiently achieve."
Key Insight: Ethereum is likely to be the settlement layer for tokenized gold, opening new markets for digital commodities.
Article link: https://www.hellobtc.com/kp/du/06/5875.html
Source: https://s.c1ns.cn/wfC7P
