ETH.X

Ethereum

Ethereum is being touted as Wall Street’s chain of choice for tokenized assets and DeFi infrastructure, with analysts citing factors like its maturity, decentralization, and resistance to centralization risks. This may translate into a rally for Ethereum in the long term, with top figures like Ethereum’s co-founder Joseph Lubin predicting a 100x ETH rally as it becomes Wall Street’s preferred settlement layer. Ethereum positions as Wall Street’s ‘neutral chain’ Bitcoin has established itself as a digital store of value, but Ethereum is focused on powering the infrastructure that industries moving into crypto will use for the foreseeable future. Fundstrat co-founder and BitMine Chairman Tom Lee is one of those who has endorsed Ethereum as a “truly neutral chain” to be favored by not only Wall Street but also the White House. “If you think about how Wall Street operates, they will only wanna do and operate on a neutral chain,” Lee said, during Korea Blockchain Week 2025’s Impact conference on Wednesday. Lee cited how the U.S. government under the Trump administration has shown explicit pro-ETH leanings, and through bills like the CLARITY and GENIUS Act , has been creating federal frameworks that favor Ethereum’s ecosystem for proof-of-human tech and decentralized payments. “When I look at that, combined with agentic AI and robots that are really gonna create the need for a token economy for robots, a lot of that will happen on Ethereum,” Lee said. “In fact, President Trump today just talked about how he needs proof-of-human to protect us, and a lot of that work is going to be done on Ethereum.” Lee, who engineered BitMine’s transformation into an ETH treasury vehicle, has said he sees the possibility of Ethereum entering a “super cycle” that would last 10 to 15 years. He expects the token to surpass previous highs and end the year between $10,000 and $12,000, but he believes it will go much higher. ETH DATs are on the rise Digital asset treasuries (DATs) were once mostly Bitcoin-centric. However, they are now allocating to Ether at scale, creating structural demand that reportedly exceeds net new supply. Top 10 Ethereum digital asset treasury companies. Source: Strategic ETH Reserve According to analyst Max Shannon, “ETH treasuries are no longer a side story” and are becoming a structural pillar in crypto’s capital markets.” According to a report from Bitwise Asset Management, that demand is reinforced by real yield from transaction fees and maximal extractable value (MEV), which deepens ether’s scarcity narrative. The firm also highlighted the diversity of the strategies these treasuries use, ranging from corporate accumulation and staking to foundations divesting Ether to fund ecosystem development. That diversity has confirmed cryptocurrency’s dual nature as both a reserve asset and a productive, yield-bearing instrument, the report also said. In the near future, Bitwise is anticipating a consolidation, with “mega whale” and “whale” DATs dominating flows. Like Tom Lee, the firm also believes Ether is being positioned not just as a hedge or speculative play, but as a programmable treasury asset with the ability to link corporate finance with on-chain economics. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

GSR has filed for a new ETF that bundles public companies using their own stock to buy crypto like Bitcoin, Ethereum, and Solana, turning a weird Wall Street trick into a formal investment product. The fund is called the GSR Digital Asset Treasury Companies ETF, and the point isn’t to back crypto themselves, but to follow companies that bought tokens with equity. Basically, instead of raising money the normal way, these firms issued inflated shares and turned them into Bitcoin or Solana. GSR is packaging that entire idea into one fund. The plan also includes up to 15% of the fund in private deals known as PIPEs, that is when investors buy shares straight from a company. That cap exists to avoid problems with ETF liquidity rules. GSR builds crypto ETF as deal momentum slows GSR launched a U.S. asset management division and opened a new office in New York to go full throttle on this. This will be its first ETF, but not the last. GSR is also planning four more funds, including an Ethereum staking fund and one called “Crypto Core3” that mixes Bitcoin, Ethereum, and Solana. They’re clearly trying to carve out space fast. GSR already has skin in the game. It helped Upexi buy Solana and manage the portfolio tied to that deal. It says it has handled more than $1 trillion in trades across over 250 tokens. The strategy it’s pushing with this ETF takes the retail-driven hype behind crypto and adds institutional packaging. But the problem is, the energy around these trades peaked back in July. The companies that jumped into this trend have been watching their stocks fall. Investors are no longer impressed just because a company bought a bunch of crypto. And GSR isn’t the only one trying to make crypto trades easier to access. There’s already the Grayscale Bitcoin Adopters ETF (BCOR), which follows firms holding Bitcoin. There’s also REX’s ETF (BMAX), which tracks convertible bonds from crypto-heavy companies. SEC clears path for crypto ETFs under new rule The timing of this filing lines up with a major change from the SEC. The agency just adopted new rules to fast-track commodity-based ETF listings, which include crypto. Under the old rules, new ETF applications could take up to 270 days to clear. Now, if a fund meets a few basic requirements, it could launch in 75 days or less. Grayscale was the first to act. Within two days of the SEC’s vote, it rolled out its Grayscale CoinDesk Crypto 5 ETF, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano. Grayscale CEO Peter Mintzberg said this approval showed their push for “public market access, regulatory clarity and product innovation” is finally paying off. Right now, there are 21 crypto ETFs in the U.S. that hold Bitcoin or Ethereum or both. And more are on the way. Steven McClurg, who runs Canary Capital Group, said, “We’ve got about a dozen filings with the SEC now, and more coming. We’re all getting ready for a wave of launches.” Teddy Fusaro, the president of Bitwise, said, “Those filings are pretty far along in the review process. These are the rules we had been anticipating.” Analysts believe the first funds to get approved under the new SEC rules will likely be tied to Solana and XRP. Those launches are expected by early October. Jonathan Groth at DGIM Law said the last quarter of 2025 could be packed with new crypto ETF debuts. To qualify under the fast process, the ETF must meet at least one of three conditions. The coin either needs to trade on a regulated market or have CFTC-regulated futures that have been live for at least six months. Or there needs to be another ETF tied to the same coin, with 40% of its holdings directly in that crypto instead of swaps or options. But not every pending ETF meets those bars. Kyle DaCruz, director at VanEck, said, “The next step is to talk to our lawyers to see which products can move forward and how rapidly will they get onto the market.” Still, there’s a big question mark around investor interest. Kyle said the flood of new ETFs will bring in a ton of tokens most people have never heard of. “Instead of years as with Bitcoin, there will be weeks or months to provide that education.” The smartest crypto minds already read our newsletter. Want in? Join them .

Coinbase has announced the launch of XSGD, a Singapore dollar-backed stablecoin, on its Ethereum Layer 2 network, Base. This move marks a significant step in Coinbase's expansion into the Asia-Pacific region and highlights the growing importance of stablecoins in the crypto ecosystem. Analyst Insights on XSGD's Market Impact The introduction of XSGD is expected to enhance liquidity for users in the Asia-Pacific region, facilitating smoother transactions and broader market participation. Analysts anticipate that this move will attract institutional investors seeking compliant and stable investment avenues. The availability of a Singapore dollar-backed stablecoin on Base provides users with increased liquidity options, fostering innovation and growth within the ecosystem. What is XSGD? XSGD is a stablecoin pegged 1:1 to the Singapore dollar, developed in collaboration with StraitsX. Its integration into Base allows users to transact with a stable and regulated digital asset, bridging the gap between traditional finance and the decentralized world. The launch is set to go live on September 29, 2025, offering users a reliable and efficient means of conducting transactions within the crypto space. Key points about XSGD : Stable Value : 1 XSGD ≈ 1 Singapore Dollar, minimizing volatility typical of other cryptocurrencies. Blockchain-Based : It operates on blockchain networks, including Ethereum’s Layer 2 network, Base, enabling fast, transparent, and secure transactions. Use Cases : Can be used for payments, trading, remittances, and as a bridge between traditional finance and crypto. XSGD is issued in line with Singapore regulatory standards, making it attractive for institutional and retail investors. In short, XSGD allows users to transact digitally with a stable, fiat-backed asset while leveraging the advantages of blockchain, such as decentralization and global accessibility. Vitalik Buterin's Endorsement of Base Ethereum co-founder Vitalik Buterin has publicly praised Coinbase's Layer 2 solution, Base, for its approach to scalability and decentralization. He described Base as ”doing things the right way,” emphasizing its balance between centralized features for enhanced user experience and its foundation on Ethereum's decentralized security model. Buterin highlighted that Base cannot seize user funds or block withdrawals, reinforcing its commitment to user autonomy and security. The introduction of XSGD on Base is expected to have several implications for the market: The availability of a Singapore dollar-backed stablecoin on Base provides users with increased liquidity options, facilitating smoother transactions and broader market participation. XSGD's backing by the Singapore dollar and its integration into Base align with regulatory standards, potentially attracting institutional investors seeking compliant and stable investment avenues. The combination of a stable asset like XSGD and the scalability of Base could drive adoption among users and developers, fostering innovation and growth within the ecosystem. In a significant development, Coinbase has partnered with CleanSpark, a Bitcoin mining company, to expand its bitcoin-backed credit facility. The $100 million expansion will support CleanSpark's growth in energy and mining infrastructure. This collaboration underscores Coinbase's commitment to supporting the broader crypto ecosystem. Coinbase's launch of XSGD on Base, coupled with Vitalik Buterin's endorsement, underscores the growing significance of stablecoins and Layer 2 solutions in the crypto industry. As the ecosystem continues to evolve, developments like these are pivotal in shaping the future of decentralized finance and blockchain technology.

More than ever we are at the mercy of platform-based giants like Google and Amazon, who act as digital landlords. We have become cloud-serfs, giving our data and producing trillions in value for algorithms we will never own. Over 80% of Netflix viewing is dictated by its recommendation algorithm, and Amazon is far from a neutral marketplace — its matching engine gives preferential treatment to Amazon’s own products, and third-party sellers pay up to 50% of their revenue in fees for the privilege of competing for Amazon’s customers. The promise of Web3 was a world beyond these digital landlords. Reclaiming the Web3 thesis Web3, as defined by Ethereum co-founder Gavin Wood in 2014, was a "post-Snowden web" — an antidote to centralized control built on peer-to-peer trust. Gavin’s architectural vision has been twisted. Ethereum created “more individual millionaires than any other project” and together with the rest of the ICOs wave shifted the focus from technological principles to financial gains. Billions of dollars were channeled into speculative ICOs, up to 90% of which suffered major losses or became defunct within a year. This culminated in the 2021 bull market, where the crypto market cap briefly touched $3 trillion, and “Web3” was diluted into a catch-all marketing term to attract investors. The mission of building a trustless, peer-to-peer internet would for a time being be buried under layers of hype. Intermediaries no more The power of centralized platforms stems from their role as a trusted intermediary. You trust Amazon to handle payments and arbitrate disputes with the sellers; you trust Google to vet, rank and present information. This trust-as-a-service model creates a golden cage: the intermediary owns the rules, the data and a significant cut of the value exchanged. Early Web3 attempted to solve this problem with on-chain transactions, where every interaction is a public, permanent record. But this is like asking a global commerce system to run a single, congested highway. Real-world commerce requires an infrastructure that can match its speed and complexity — not everything should be an on-chain transaction. State channels present a superior infrastructure Think of a state channel as a high-speed, private lane between two parties that bypasses the congested blockchain. Thousands of interactions — value transfers, data permissions and contract updates — can happen instantaneously and for free, with each step cryptographically signed. The primary barrier to peer-to-peer digital commerce has been the risk that one party won't fulfill their side of a deal. State channel ( ERC-7824 ) design eliminates this risk without sacrificing efficiency. Before transacting, parties commit funds to an on-chain smart contract. This acts as a security deposit. If one party walks away, their committed on-chain funds ensure the other party is made whole. By settling profits and losses in near real-time, the system removes the need for a trusted central intermediary. For commerce: instead of renting space on Amazon’s platform and paying up to 50% in fees, a buyer and seller open a direct channel governed by an impartial smart contract. For data: instead of surrendering your life story to Google, you open a channel with an app, granting temporary, paid access to your data and revoking it at will. This combination of on-chain security and off-chain efficiency enables a new creation: the autonomous enterprise. This is a system where business logic is encoded onto smart contracts, executed transparently and operating globally without the need for a traditional corporate structure. Bitcoin removed the need to trust the government’s money printing. Ethereum removed the need to trust people to enforce contracts. Now it’s time to remove the need for people to blindly trust platforms.

TRON’s network recently reached market peak volumes for both TRX transfers and stablecoins. The chain surpassed Ethereum in terms of transfer activity and value. TRON market peak TRX transfers, while also getting a boost to its stablecoin activity. On-chain data showed TRON increased its activity in 2025, with a series of records in August and September. For the past months, the TRON network has also consumed record energy at a higher daily baseline, a marker of active token transfers. TRON’s network broke to a higher level of energy usage in 2025, with peak transfers in early September. | Source: Dune Analytics As of September 1, the TRON network reached a peak for TRX transfers, moving 62B tokens in a single day, an all-time record. The data suggests TRON may be getting wider adoption, despite being isolated from the Ethereum ecosystem and other DeFi hubs. The chain still carries $6.41B in value locked, with most of its DeFi activity coming from JustLend and SunDEX. TRON leads in USDT transfers The TRON network carries $78.63B in USDT liquidity, currently lower than the ERC-20 version, with over 93B tokens. However, stablecoin activity on TRON surpassed Ethereum, still getting a boost from the lower fees. The decision to offer zero gas fees for USDT transfers had a lasting effect on TRON network activity. Transactions reached a higher baseline, boosted by a mix of TRX and USDT transfers. Data shows TRON transfers jumped to 10B to 16B token transfers daily, sustaining the higher range, with significant growth against 2024 levels. Based on the dollar value of transfers, the TRON network carries around $24B in daily value, while Ethereum currently lags with $20B. While ETH is used for whale-sized transfers and DeFi, TRON relies on smaller transactions and payments through USDT. TRON stablecoin transfers are also larger across all categories, with whale transactions of $1M to $5M are roughly in the same range as on Ethereum. However, TRON leads for small-scale transfers under $10. In the past day, Ethereum handled 80K small transactions, while TRON carried over 181K transfers. TRON was also a leader for transfers of $100 to $1K, with around 101,000 transactions on Ethereum and nearly 1M on TRON. TRON attracts few perpetual DEX users One of the recent narratives for TRON is that SunPerp may compete with Hyperliquid and all other up-and-coming perpetual futures DEX. Justin Sun, TRON’s founder, hyped SunPerp, but actual users of the perpetual futures DEX were only a few hundred | Source: Cryptoquant SunPerp launched alongside Aster , but managed to only attract a few hundred users in its first days of trading. The DEX attracted around $386K in deposits, with $118 for an average deposit, in addition to a few transfers of over $10K in value. For now, the perpetual futures DEX is not a major source of activity on TRON. The network also reports over 2.7M daily active addresses, though TRON-based apps are showing low activity. The transfers and activity on TRON still follow a highly cyclical daily pattern , suggesting some form of automation. TRON still has significant visibility, as TRX re-entered the top 10 of coins and tokens, with a price of $0.33 and a recent peak at $0.36. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

Solana is underperforming Bitcoin, Ethereum, and XRP this week as analysts cite deleveraging pressure, priced-in corporate purchases, and upcoming FTX distributions.

Ethereum’s momentum has slowed, drawing attention to other digital coins gaining traction. Fresh contenders are stepping forward as new favorites in the market. This month, three alternative coins are showing strong growth and catching investors’ eyes. These rising projects offer unique features and hint at a shift in focus away from the familiar leaders. Ethereum has been the backbone of the crypto ecosystem for years, but this September the market’s second-largest asset is losing some of its shine. ETH has slipped nearly 7% in a week, weighed down by macroeconomic jitters, derivatives liquidations, and investor rotation. While the long-term outlook for Ethereum remains strong, in the short term traders are looking elsewhere for momentum. And they’ve found it — in three very different altcoins that are capturing liquidity, headlines, and retail buzz. XYZ: A Meme Coin With Real Momentum On the surface, XYZ doesn’t look like a serious contender — it’s meme-driven, hype-fueled, and light on traditional utility. But this is exactly why it’s flourishing now. When majors like Ethereum stagnate, traders often chase high-risk/high-reward opportunities, and XYZ has become one of September’s prime beneficiaries. XYZVerse ($XYZ) has brought a brand-new concept to the memecoin niche by blending the excitement of sports with the fast-moving energy of crypto. Designed for hardcore fans of football, basketball, MMA, and esports, this project goes beyond just being another token—it’s a growing community built around passion for the game. What sets $XYZ apart? It’s not a short-lived trend. This project has a clear roadmap and a dedicated community focused on long-term growth. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price : $0.0001 Price Now : $0.0055 Next Stage : $0.0056 Listing Price : $0.1 Following the presale, the $XYZ token will be listed on major centralized and decentralized exchanges, with a target listing price of $0.10. So far, over $15 million has been invested, reflecting strong market interest. Notably, securing tokens at a lower presale price offers the potential for higher ROI upon launch. Demand for $XYZ is surging, driving rapid progress in the presale. Early buyers secure the lowest prices, maximizing their potential returns. Combine that with relentless online buzz and speculative rotation, and you have a recipe for a coin that’s stealing attention just as Ethereum cools. Buy $XYZ Now for Maximum Gains BNB: Ecosystem Strength Pushes It to New Highs BNB has emerged as one of September’s strongest large-cap performers, not just holding ground but breaking records. On September 18, BNB smashed past the $1,000 mark to reach a new all-time high. This milestone wasn’t just speculative froth — it reflects the growing strength of the BNB Chain ecosystem. The layer-2 opBNB network is a major driver, boasting nearly 950,000 daily active users and gas fees that are effectively negligible. Developers and retail users alike are flocking to the chain, fueling DeFi activity and NFT projects. Meanwhile, the BNB Chain roadmap is rolling out aggressive upgrades, including faster block times and scaling ambitions of 100 million daily transactions. In a month where Ethereum feels sluggish, BNB is showing how ecosystem vitality can translate into price action and investor enthusiasm. Source: TradingView BNB trades between $944 and $1121 after a sharp lift. The token added 10.07% in 7 days and 15% in a month. Over 6 months the climb hits 63.69%, beating most majors. Price sits a little under the 10-day average at $991 and near the 100-day line at $1016, showing tight action. Momentum looks mixed. RSI at 56 shows buyers hold an edge, yet not in craze territory. The Stochastic reading of 94 hints at a short-term stretch, while the MACD hovers slightly negative. If bulls push past $1121 the chart opens to the nearest cap at $1192, roughly +7%. A break there could send the rally toward $1368, another +22% from current trade. If hot money cools, eyes fall on $839 support, about ‑16% below. Deeper profit-taking targets $663, a slide of roughly ‑34%. Given the steady uptrend and healthy mid-range RSI, odds still lean to gradual gains, yet swings inside this $839-$1192 band may dominate the next stretch. Avantis (AVNT): From Newcomer to Market Favorite If BNB represents a large-cap success story and XYZ embodies meme-driven speculation, Avantis is the breakout newcomer. Built as a derivatives DEX on Base, Avantis has quickly become one of the most talked-about DeFi platforms of the month. In September alone, its native token AVNT has surged nearly 400%, a rise powered by both fundamentals and timing. The project received a major boost when it listed on Binance spot and futures markets, instantly expanding access to global liquidity. Institutional backing also adds weight — Avantis closed an $8M Series A round co-led by Pantera Capital and Founders Fund, a rare vote of confidence in the DEX space. On-chain data reinforces the hype: Avantis has already processed $7.5B in cumulative volume with over 60,000 users trading on the platform. For a project this new, the speed of adoption is remarkable — and it explains why traders are piling in while ETH treads water. Source: TradingView AVNT has been on a tear. The coin jumped 65.53% in the last 7 days and an eye-popping 835.41% over both the past month and the past 6 months. That rally pushed the price into a wide 1.27 to 2.97 band, keeping traders alert for the next breakout. The 10-day simple moving average sits at 1.97 while the 100-day line is lower at 1.70, so momentum still leans up. RSI is a neutral 52.50, but the Stochastic reading of 84.95 shows buyers crowding the top of the range. MACD is slightly negative at minus 0.0156, hinting at a pause rather than a reversal. If AVNT can clear the nearest ceiling at 3.57, the coin could add about 70 percent from a midpoint price near 2.10. A stretch move to the next barrier at 5.27 would imply a further 50 percent gain from 3.57. On the flip side, slipping under 1.97 may open a slide toward the sole listed support at 0.1746, a drop of roughly 92 percent. For now, trend and moving averages favor another push higher, but momentum gauges warn the ride may be choppy. Conclusion The Rotation Away From Ethereum Markets move in cycles, and Ethereum’s relative cool-down in September has opened the door for other narratives to flourish. Ethereum isn’t going anywhere, but for now, the spotlight has shifted. And as traders chase momentum into the final quarter of the year, these three tokens may continue to define the story of September’s altcoin season. BNB and AVNT look strong, yet XYZVerse shines as the first all-sport memecoin, targeting PEPE-style gains via its fan-led sports-meme presale. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse

Ethereum co-founder Vitalik Buterin has called on governments, corporations, and researchers to adopt open-source and verifiable technology in areas such as healthcare, finance, and governance, warning that reliance on proprietary systems could erode trust and security. In a blog post published on his forum on Wednesday, Buterin wrote that societies benefit most not from consuming technology, but from producing it where there is broad access and transparency. He warned that reliance on centrally controlled systems is placing too much trust in institutions that may fail or act in self-interest. “This future involves a lot of trust being put in technology. If that trust is broken, we get really big problems. Even the mere possibility of that trust being broken forces a fallback to fundamentally exclusionary social trust models,” he explained. According to Buterin, this could be mitigated by building software, hardware, and biological infrastructure with “genuine openness” through free licensing, open-source development , and verifiability, all accessible even to end users. Lessons from the COVID-19 pandemic Buterin used the COVID-19 crisis as an example of the consequences of unequal access to technological production. The Russian programmer was distraught because wealthy countries were able to secure vaccines in 2021, while most third-world countries were left waiting for more than 2 years after. “Vaccines were produced in only a few countries, which led to large disparities,” he wrote. Because the vaccines depended on capital-intensive proprietary processes, the global initiative to distribute doses more equally “could only do so much.” The Ethereum Foundation co-founder said there is a similar problem in digital biotechnology, where personalized, data-driven medicine depends on large-scale data collection. “When you talk to longevity researchers, one of the first things that you will universally hear is that the future of anti-aging medicine is personalized and data-driven…This is much more effective if there can be a large amount of data digitally collected and processed, in real time,” he surmised. Buterin advocated for real-time data sharing, which he believes, in cases such as pandemics, could slow the spread of disease. He propounded that these advances need sensors and seamless communication across networks, but without openness, such infrastructure would only be under the control of a few companies, who can misuse the data. “If personal health data is insecure, it can be exploited for blackmail, predatory insurance pricing, or even physical threats,” Buterin warned. “If your brain-computer interface gets hacked, that means a hostile actor is literally reading, or worse, writing, your mind.” Governance and digital authority The Russian-born developer also spoke on the vulnerabilities of governance and legal systems, recalling his difficulties when attempting to sign paperwork for a legal function while abroad. According to Buterin, on that same day, he had to sign a digital transaction to perform an action on the Ethereum blockchain, in which he used 5 seconds and it cost him only $0.10. He mentioned the inefficiencies extended to corporate governance, intellectual property management, and nonprofit administration. Buterin cautioned that while proprietary systems can be secure, citing commercial aviation as an example, they cannot provide the common knowledge of security necessary for situations involving mutually distrusting actors. He posted an excerpt of a Massachusetts case in which breathalyzer evidence was thrown out after investigators revealed that state crime labs had withheld details of faulty tests. Justice Frank Gaziano ruled that defendants’ due process rights had been violated, even though most breathalyzer results were technically valid. Buterin proposed the development of a fully open-source , verification-friendly technology stack for high-security applications in consumer and institutional contexts. He admitted that not all areas need maximum openness and security, and that performance must sometimes take precedence. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

In a recent blog post, the Ethereum co-founder argued that critical systems – from hospitals to financial institutions to election […] The post Ethereum Co-Founder Warns Against Centralized Control of Critical Systems appeared first on Coindoo.