Yes, DD amigos! It’s official. The full-fledged crypto bull season is here. Bitcoin spurred it with a rally that crossed $123K, and now ETH has taken up the baton and is racing uphill as if there’s no tomorrow. With the rest of the altcoins also catching up in gains, we have nothing but bullish vibes and stories to share, yet again. So sit tight and read on!
Here’s what we have for you in this issue –
- ETH is ETHing hard 😎
- Grayscale is scaling up
- Aave is now the top DeFi royalty
ETH = New corporate Treasury Darling🥰
There’s this thing with ETH. When it rallies, it rallies hard. It eats and leaves no crumbs behind. And this time is no different.
Look at that—the ongoing rally is so hot right now with the ETHUSDT pair hitting $3600 at the time of writing. Sharp, sporadic rises and “near vertical volatility” have been the Ethereum-native-token-thing ever since it began changing hands on crypto exchanges.
Just this week, ETH experienced a nearly 35% surge, which propelled its accumulated market cap to over $430 billion.
With that, ETH also broke out against BTC from the consolidation zone on the ETHBTC weekly chart.
- ETH/BTC ratio is up 20% in two weeks
- On prediction markets, 70% expect ETH to hit the $4,000 resistance level before 2025 end.
- About 40% are betting on Ether hitting the $5,000 mark.
Throw in potential Fed rate cuts and the rising altcoin buzz (Altcoin Season Index at 39), and ETH is sitting on a momentum rocket.
Let’s see what’s fuelling ETH’s comeback.
Big money interest
- $726 million flowed into U.S. spot ETH ETFs in a single day — the largest daily inflow ever.
Source: @JefferyCrypt
- BlackRock’s ETHA ETF alone pulled in a whopping $499 million.
- ETH ETFs now hold ~4% of the total ETH supply.
- Inflows this July are already at $2.27 billion, the highest since launch.
ABC – Accumulation by Bold Corporations
After BTC, ETH has become the new corporate balance sheet booster.
- SharpLink Gaming just flipped the Ethereum Foundation as the largest known holder.
- BitMine Immersion raised $250 million and bought $500 million+ worth of ETH.
- These two alone control over $1.3 billion in ETH.
- GameSquare Holdings raised $90 million to buy ETH via Dialectic-managed strategies targeting 8–14% returns.
Their plan? Turn their treasury departments into recurring revenue engines.
Outflows from crypto exchanges confirm the rising corporate accumulation trend:
- ETH held on centralized exchanges is down 34% YTD.
- ~4 million ETH has been pulled off exchanges, likely into cold storage or yield-bearing vaults.
ETH is no longer “tech risk.”
It’s becoming:
- A treasury reserve
- A yield-bearing institutional asset
- A layer for real-world assets and stablecoin infrastructure
We hope you are happy looking at those profits on your ETH bags. 😁
Grayscale Goes The Wall Street Way💼
It’s both the institution and IPO season in crypto land. With so many “blue-blooded” digital asset firms taking the IPO route, Grayscale isn’t staying behind.
The crypto asset management firm filed a confidential S-1 with the SEC, the legal groundwork for an IPO.
Source: @business
How does it look for Grayscale?
- Grayscale manages $50 billion+ in crypto assets
- They were early to push crypto ETFs into traditional finance
- Now they’re following Circle’s playbook — confidential filing first, hype later
Depending on SEC review, the public listing could land in late 2025.
If approved, Grayscale joins a growing list of crypto-native giants (Circle, Gemini, Kraken) lining up for their Wall Street debuts.
This isn’t just about new tickers on the Nasdaq — it’s about crypto widening its inroads into traditional portfolios, as being big in crypto is not enough.
Crypto companies and asset managers now want to be Wall Street big. Good for us.
Ranked Amongst Top 50 U.S. Banks Without Being One😎
That’s what Aave just did.
The leading DeFi protocol hit $50 billion in net deposits, officially making it the largest DeFi protocol by a wide margin.
Source: @__kfm__
To put it in perspective:
If Aave were a traditional bank, it would rank #47 among all U.S. commercial banks, ahead of Deutsche Bank and Barclays.
Its total deposits are now nearly 10% of Goldman Sachs’s.
Founder Stani Kulechov credits the growth to rising TradFi and fintech interest:
“Institutions are now using Aave as infrastructure.”
And how?
- Ethereum Foundation: borrowed $2M in GHO stablecoins
- World Liberty Financial (Trump-linked): building an Aave V3 instance
- A growing number of TradFi lenders are tapping into DeFi rails with Aave
Where is Aave headed with this feat?
For Aave, the vision is monumental and goes beyond crypto-native capital.
And their bet? RWAs.
Aave Labs recently launched Horizon, a new initiative focused on bringing real-world assets (RWAs) into DeFi.
The bet:
Tokenize off-chain value → bring it on-chain → let it earn yield as collateral
Seb Pulido, Director at Aave Labs, puts it simply:
“RWAs + stablecoins will get us to $1T in deposits.”
DeFi isn’t just scaling.
It’s quietly integrating with traditional finance, at a volume that’s now bank-sized.
And Aave is leading the charge.
The big bullish season is here in earnest. And, this time it’s led by the big boys who have tall piles of cash to launch crypto markets “to the moon”. They aren’t interested in flipping tokens for Lambos. They are in for the potential, the ecosystem’s ability to redefine finance, which in turn would make them the early kings of a new financial empire.
Let’s swim with these big fish and see where that leads us.
Signing off on this issue. See you in the next one! Ciao👋
