Presto Research Director: Ethereum is Ready to Win Wall Street's Approval

By: theblockbeats.news|2025/08/12 16:51:59

BlockBeats News, August 12th, as the second-largest cryptocurrency ETH surged to its highest level in nearly four years, the U.S. Ethereum spot ETF saw its largest single-day inflow of funds. Data shows that on Monday, the Ethereum spot ETF attracted a total of slightly over $1 billion in inflows. So far this year, the total inflow of these 9 funds has exceeded $8.2 billion.

It turns out that the focus on ETH by "treasury companies" is an important driver of the token's rise. These listed companies continue to expand their digital asset reserves. According to data compiled by Strategic EthReserve.xyz, the so-called "digital asset treasury companies" have so far absorbed over $15 billion worth of ETH. Peter, research director at the quant trading firm Presto, said: "Recent stablecoin legislation and the cryptocurrency roadmap outlined by the Chairman of the U.S. Securities and Exchange Commission both indicate that the Ethereum blockchain behind Ether is ready to win Wall Street's approval." (Gold10)

-- Price

UXUY is redefining on-chain transaction logic by using a stablecoin-driven execution network to simplify complex cross-chain operations into a "one-click result," allowing users to complete full-chain transactions without worrying about paths, gas, or chains, only needing to decide the destination o...

Why AI Memecoins are Failing the Reality Test

From 90,000% gains to a 98% crash—discover why the AI Meme bubble is bursting and what the shift to "AI Utility" means for your portfolio.

Morning News | Kraken receives $200 million investment from Deutsche Börse; Goldman Sachs submits application for Bitcoin Premium Income ETF; Walsh discloses his cryptocurrency holdings

Overview of Important Market Events on April 14

Hong Kong licensing, stablecoin landscape changes: Who is reshaping the next generation of the financial landscape?

Take the lead in exploring a more institutionalized, verifiable, and implementable development path for non-U.S. dollar stablecoins.

IOSG: TAO is like the Elon Musk who invested in OpenAI, Subnet is like Sam Altman

The DAO's Game is Risky, Success Depends Entirely on User Ecosystem Stickiness

Stablecoin License Battle Concludes: Anxiety-Ridden Hong Kong, Will Not Wait for the Next Tether

Hong Kong is trying too hard to prove itself.

You can grasp a new field in half an hour, how to quickly establish a cognitive framework using AI?

Teaching you to Quickly Understand a New Field with AI-Assisted Horizontal and Vertical Analysis

Franklin Templeton's latest research: How to understand RWA tokenization

From the initial foray of emerging platforms to the full entry of traditional financial giants, tokenization has broken down traditional trading barriers. Through models such as digital-native and synthetic assets, capital has gained unprecedented liquidity and transparency.

Espanyol vs FC Barcelona: A Derby Fought with Fire and Quality

The Espanyol vs FC Barcelona derby delivered high-intensity football as Barca won 4-1, moving nine points clear at the top of LALIGA. Lamine Yamal's masterclass, Ferran Torres' brace, and a passionate city rivalry on full display. WEEX, Official Regional Partner of LALIGA in Hong Kong and Taiwan celebrates the beautiful game.

DeAgentAI announced the establishment of the AIA Ecological Fund, focusing on the "AI Agent + Physical AI" track

DeAgentAI has officially established the AIA Ecological Fund, focusing on the new track of "AI Agent + Physical AI," with the first investments in the AliceAI prediction system and ASIC computing power chips.

Why is Crypto Up? Altcoins Lead Due to US Grand Deal

Key Takeaways: The “US Grand Deal” has beefed up crypto’s appeal, impacting assets like Ethereum and Solana. Altcoins,…

Polkadot Hyperbridge Breach Mints Over 1 Billion DOT Tokens

Key Takeaways: Over 1 billion fake DOT tokens were minted due to a vulnerability in Hyperbridge’s Ethereum gateway.…