Ethereum’s Comeback, PumpFun’s ICO, and Crypto’s Regulatory Shift | Roundup
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Year to date, they bought about 1% of the Bitcoin supply. And ETH is a much more reflexive asset. It's much less liquid. I would I would actually think that there's there's a lot more of it that's just actively going to be offered. And so if you have anything like those types of inflows, I think, you know, 10 k or higher is is definitely on the table. And I you know, a few months ago, I I probably would say 10 k was was pretty irrational slash very optimistic, and now that could be low.
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He's doing some sort of climb, hike, run. It's like a it's you know, he's in his David Goggins era. He's he's lost a bunch of weight. He's looking really good, and I think this is the, you know, the final the final countdown here for the full glow up. So good luck to him. I think he's, in a tent right now of some sort. That's, I don't do that type of stuff, so I'll I'll be in the office.
Me either, man. I need a nice access to a nice warm shower. I will you will not catch me in a tent on a mountain, but but hour to Michael But
it's just you and me for a full hour and and however long we decide to go. So Hour
and two days, baby. That'll be great. Let's see it. Alright. Let's talk about, Tom Lee's decision to CTO ETH out of nowhere. This has been I didn't really have this on the bingo card for 2025, but, yeah, it feels like there's a full on sentiment shift here. And I'll pull up the ETH dominance chart in a little bit, but that's been I mean, ETHBTC and Bitcoin dominance are basically one in the same chart. They've been trending in, you know, down to the right direction for a long time, and it feels like there's a real bonafide sentiment shift. And between Tom Lee and Joe Lubin, and some of the e t
I mean, looking back, I I think if you compare this to 2021, it's it's actually pretty similar. You know, the ratio bled for a long, long time, then there was this, you know, new use case in this cycle. People were excited about stablecoins, RWAs, tokenization, which are just indisputably happening on Ethereum. You have people like Robinhood, you know, and I was in con for the ETH con conference, and it was an extremely, extremely bullish conference in a way that ETH Denver and and probably the other ETH global events have not been. And I would say the defining feature of it is just much more
You know what is a hallmark of, a crypto run is there was I saw an article that the ETH or the Winter Butte OTC desk had run out of ETH sellers, which is that's, like, that's another classic, you know, e crypto Twitter, probe that recurs again and again. You always love to see that. But you know you know what? I also loved the way that Tom Lee described this. And, you know, we've talked before about this kind of discussion around, just whatever the narrative was, like, on crypto Twitter not really mattering that much. But if you look at how Tom Lee is describing ETH, it's not ultrasound money.
We we were talking with a, a large family that has they run it's a single family office. They ru
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