Ethereum’s tenth anniversary was marked by a major milestone by way of institutional crypto adoption, as cryptocurrency treasury companies surpassed $100 billion in collective investments on Thursday.
Ethereum’s tenth birthday introduced renewed company curiosity in Ether (ETH), which noticed the ten largest company crypto treasury companies amass over 1% of the whole Ether provide for the reason that starting of June, in keeping with a Tuesday report by Customary Chartered.
The financial institution predicted that companies will ultimately maintain 10% of the whole Ether provide, which can see the world’s second-largest cryptocurrency surpass the financial institution’s year-end goal worth of $4,000 per Ether.
Ether’s company adoption is “occurring quicker than with Bitcoin throughout its early treasury adoption section,” since Ether allows companies to faucet into staking yields and “actively generate worth,” Enmanuel Cardozo, market analyst at Brickken asset tokenization platform, instructed Cointelegraph.
Ethereum turns 10: Right here’s how its booms and busts formed historical past
Ethereum celebrated its 10-year anniversary on Wednesday, with renewed institutional momentum fueling hopes that Ether (ETH) might problem its all-time excessive set in November 2021.
Over the previous decade, Ethereum has turn out to be the most important decentralized finance (DeFi) blockchain, with almost $85 billion in whole worth locked (TVL) on the time of writing.
Vitalik Buterin, Ethereum’s co-founder, circulated an early model of the white paper in 2013. The undertaking raised $18.3 million in its preliminary coin providing (ICO) and formally launched in 2015 as a blockchain for good contracts. Its cryptocurrency, Ether, now ranks because the second-largest cryptocurrency by market capitalization after Bitcoin (BTC).
Right here’s a glance again into Ethereum’s first decade, that includes the ICO growth, DeFi summer season and the rise and fall of non-fungible tokens (NFTs).
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Company crypto treasury holdings high $100 billion as Ether shopping for accelerates
Company cryptocurrency treasuries are rising as a brand new class of public firms bridging conventional finance and digital belongings, signaling rising institutional curiosity in crypto.
Company cryptocurrency treasury companies, together with Technique, Metaplanet and SharpLink, have collectively amassed about $100 billion price of digital belongings, in accordance to a Galaxy Analysis report launched Thursday.
Bitcoin (BTC) treasury companies maintain the lion’s share, with over 791,662 BTC price about $93 billion on their books, representing 3.98% of the circulating provide. Ether (ETH) treasury companies maintain 1.3 million ETH tokens, price greater than $4 billion, representing 1.09% of the Ether provide, the report mentioned.
Company consumers have gotten a key supply of Ether liquidity alongside US spot ETH exchange-traded funds, which lately posted 19 consecutive days of web inflows, a document for the merchandise.
Since July 3, the Ether ETFs amassed $5.3 billion price of ETH as a part of their document profitable streak, Farside Traders knowledge exhibits.
Extra company shopping for and continued ETF inflows might assist Ether surpass the $4,000 psychological mark, which can be the year-end worth goal of Customary Chartered, the financial institution mentioned in a Tuesday analysis report.
“We expect they could ultimately find yourself proudly owning 10% of all ETH, a 10x enhance from present holdings,” the financial institution mentioned, including that Ether treasury companies have extra development potential than Bitcoin treasuries, from a “regulatory arbitrage perspective.”
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Bitcoin miner Phoenix Group launches $150 million crypto treasury for BTC, SOL
Abu Dhabi-based Bitcoin miner Phoenix Group launched a $150 million strategic cryptocurrency reserve, changing into the primary publicly listed firm on the Abu Dhabi Securities Alternate (ADX) to ascertain a digital asset treasury.
The corporate mentioned Thursday the reserve consists of 514 Bitcoin (BTC) and 630,000 Solana (SOL), describing it as a long-term holding technique.
This makes Phoenix Group the primary firm listed on the ADX to ascertain a strategic cryptocurrency treasury, the corporate mentioned in an announcement shared with Cointelegraph.
“Holding Bitcoin and different strategic digital belongings isn’t nearly publicity. It’s about alignment,” mentioned Munaf Ali, co-founder and CEO of Phoenix Group. “We imagine within the long-term worth these networks signify, and our treasury technique displays that perception.”
Phoenix Group was one of many 5 most-traded and best-performing shares on the ADX within the second quarter of 2025 after its share worth rose by over 72% from April to June.
More and more extra Bitcoin mining firms are contemplating altcoins as a part of their steadiness sheet, signaling extra institutional demand for cryptocurrencies past Bitcoin.
Publicly listed Bitcoin mining agency BitMine Immersion Applied sciences turned the most important Ether (ETH) treasury agency after asserting plans to amass as much as 5% of Ether’s provide.
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Metaplanet plans to boost extra $3.7 billion to purchase Bitcoin
Japanese funding agency Metaplanet is looking for to boost 555 billion yen ($3.73 billion) by a brand new inventory providing to help its aggressive Bitcoin accumulation technique.
The corporate, which is called “Asia’s Technique,” introduced Friday that it’ll problem perpetual most popular shares to fund its purpose of buying 210,000 Bitcoin (BTC) by the top of 2027. The shares will supply as much as a 6% annual dividend, relying on market circumstances and investor demand.
“The Firm intends to actively pursue fairness financing as a part of its ‘Bitcoin Technique,’ which goals to amass 210,000 BTC by the top of 2027,” it mentioned. “We imagine that introducing Bitcoin-backed most popular shares represents a pioneering effort to fill this hole.”
Metaplanet’s inventory providing comes a day after Cointelegraph reported company crypto treasury companies had surpassed $100 billion in collective investments, with Bitcoin-focused treasuries amassing $93 billion price of that worth.
Continued company accumulation from the likes of Technique and Metaplanet, paired with the rising cash provide, might push Bitcoin’s worth above $132,000 earlier than the top of 2025 based mostly on Bitcoin’s correlation with the worldwide M2 cash provide.
Technique, the world’s largest company Bitcoin treasury agency, has launched comparable capital-raising efforts. On July 22, the agency introduced a brand new sort of Bitcoin-backed inventory pegged to $100 per share with an preliminary month-to-month dividend of 9% yearly.
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Former SEC official joins Veda as basic counsel amid DeFi enlargement
Decentralized finance platform Veda has appointed a former US Securities and Alternate Fee (SEC) official to its ranks because it ramps up efforts to develop crosschain yield merchandise aimed toward institutional buyers.
TuongVy Le, who spent almost six years on the SEC as chief counsel and senior adviser within the Enforcement Division and the Workplace of Legislative and Intergovernmental Affairs, has joined Veda as basic counsel, the corporate introduced Tuesday.
Throughout her SEC tenure, Le suggested Congress on early drafts of digital asset laws and served on the Commodity Futures Buying and selling Fee’s (CFTC) World Markets Advisory Committee.
In line with her LinkedIn profile, Le was concerned in a number of the SEC’s earliest crypto enforcement actions.
She served within the SEC’s Enforcement Division from 2016 to 2021, a pivotal interval within the company’s crackdown on unregistered securities choices tied to preliminary coin choices (ICOs).
Throughout that point, the SEC introduced actions in opposition to the promoters of BitConnect’s lending program and in opposition to LBRY, alleging each carried out unregistered securities choices. In 2021, the company additionally initiated one in all its earliest DeFi-related enforcement actions, charging Blockchain Credit score Companions with securities fraud.
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DeFi market overview
In line with knowledge from Cointelegraph Markets Professional and TradingView, a lot of the 100 largest cryptocurrencies by market capitalization ended the week within the pink.
Solana-native meme token Fartcoin (FARTCOIN) fell 28%, marking the week’s greatest decline within the high 100, adopted by the Bonk (BONK) memecoin, down over 23% on the weekly chart.
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and training relating to this dynamically advancing house.
