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Ethereum has breached the $3,000 mark for the first time since February, fueled by a supply squeeze and growing institutional interest. The rally follows Bitcoin’s record high, with on-chain data showing dwindling exchange reserves and record staking activity. Meanwhile, controversy arose over a $3.5M ETH sale linked to an Ethereum Foundation spin-off.
- ETH exchange reserves hit an all-time low (18.59M), while staked ETH reaches a record 29.91M, creating a supply squeeze.
- Ethereum processed $4T in stablecoin volume in Q2 2025, underscoring its infrastructure role.
- Arthur Hayes predicts ETH will outperform Bitcoin, signaling a potential 'monster alt season'.
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Other Tags: BitMEX, Hsiao-Wei Wang, LookOnChain, Pentoshi, CryptoSlate, Ethereum Foundation, Staking