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When Asia begins on Thursday’s working day, ETH is traded at $ 2,770.
ETH increased by approximately 11 % this month, according to Coindsk Market data, outperforming BTC, which increased by 5 %.
It may be part of this due to the demand for institutional trading, and the fact that it has been overlooked in the derivative markets where developed investors are increasingly betting on the structural growth of ETH and its role as a gate between decentralized financing (Defi) and traditional financing (Trafi)
Lay said: “ETHEREUM overwhelms BTC in our permanent future market, as ETH represents 45.2 % of trading volume during the past week. BTC, compared, sitting 38.1 %,” said Lay.
This is it A similar discovery of what is happening on DerebitCoindsk recently mentioned.
This does not mean that institutions have taken intoxication in BTC. Far from that.
A The last report of Glassnode This shows though Last BTC fluctuationsThe institutions are happy to buy declines.
Their holders wrote more than $ 930 million of profits per day during recent gatherings, as Glassnode wrote, which competes with the distribution levels that were seen in the summits of the previous session. However, instead of running a chain of sale, the LTH offer has already grown.
“This maturity and accumulation pressure beyond distribution behavior,” wrote, noting that “this maturity and accumulation pressures exceed the distribution behavior,” noting that this is “very stereotype for late bull markets.”
However, no, fortified against geopolitical risks or Black swan events such as the Trump Musk explosion.
These episodes are a reminder that feelings can turn quickly, even in strongly strong markets. But under the fluctuation at the surface level, the institutional condemnation remains intact. ETH appears as a selection tool to reach the regulated Defi, while BTC continues to take advantage of the long -term accumulation by institutions through the traded investment funds.
Lay concluded that “the macro’s uncertainty is still existing, but ETH is increasingly likely.”
TON continues to win the stablecoin flow
The Stablecoin market has ever recorded the highest level at $ 228 billion, an increase of 17 % on an annual basis, according to a new report.
This increase in the liquidity with a dollar, is driven by renewing the investor’s confidence It was shown by public subscriptionThe high revenues of Defi, and the improvement of the organizational clarity of the United States, and it re -draws the map of the place of the capital on the chain.
“The amount of Stablecoins on the central exchanges has also reached high levels of the record, which supports the coding trading liquidity,” said Cryptoquant.
Cryptoquant noticed that the total value of ERC20 Stablecoins on the central stock exchanges increased to $ 50 billion.
Most of this growth was in the exchange of Stablecoin reserves as a result of increasing USDC reserves on exchanges, according to their data, which has grown by 1.6X so far in 2025 to 8 billion dollars.
As much as the protocols that were beneficial in all this, TON leads the package. The Tron Mix from the fast end and deep integration with Stablecoin exporters like Tether by making it a magnet for liquidity
Presto Research, who recently released a similar report, wrote that he had achieved more than $ 6 billion of net stablecoin flows in May, topped all other chains and published the second highest number of daily active users behind Solana and was the best performance in local total value growth (TVL).
On the contrary, Ethereum and Solana Bled Capital, Bristo’s data said.
Both series have seen large flows of stablecoin and bridge size losses, indicating that there are no new opportunities for return or main protocol promotions. Presto data confirms a wider direction: the institutional capital and the retail capital rotate both to the base, Solana, and TON.
In common? These chains provide faster implementation, more dynamic ecosystems, and in some cases, the biggest incentive programs
Economies of agents are coming, but they need encryption bars to work
The next generation of artificial intelligence will not only speak to us, will talk to itself. With the growth of independent factors more capable, they will grow increasingly on tasks from one to tip: flight reservation, data sources, and even assigning other robots to complete sub -tasks. But there is a problem: at the present time, artificial intelligence agents are held in silos and they need to be encrypted to get them out.
In the modern A16Z coding articleScott Duke Commersers, a research partner in A16z Crypto and a company affiliated with the faculty members at Harvard University, argues that the agent’s interactions to the agent today are mostly the calls to the applications programming interface or internal features within closed ecosystems.
There is no common infrastructure for agents to find each other, cooperation or dealing through systems. This is where Crypto comes. With its open -authored structure, Blockchains provides a “compatible with” way to build the economies of the inter -operating agents, a neutral pillar that can develop alongside the artificial intelligence itself.
Early projects such as Halliday build standards at the protocol level for the workflow through the agent, while companies such as Catena and Skyfire Crypto use to enable independent agents to pay each other without the need for a person.
Coinbase has intervened to support infrastructure efforts here. If these bars hold, Blockchains will not be a financial infrastructure; They will ultimately be the background of the open -minded intelligence economy, as agents deals, coordinate and apply them transparently.
The message is clear: If artificial intelligence agents are the future of productivity, the encryption is the infrastructure that makes them play well.
Games 3 need better toys to grow
Games maintain their progress as a dominant category in the DAPP application, even as their market share continues to slip, According to a new report from DAPPRADAR.
The latest data from DAPPRADAR shows Gaming dominance on the second month in a row, from 21 % in April to 19.4 % in May.
The user’s daily activity remains relatively stable, with about 4.9 million unique active portfolios hovering, however the sharp decline in investments draws a more worrying image: project financing for games projects decreased to only 9 million dollars in May, with a sharp drop from $ 220 million per month at the end of 2024.
“2025 so far, it was a realistic examination of the game market. It has closed many projects that brought together millions in previous years, among them, The Hero Shooter Nyan Heroes, The Fantasy Mmorpg Eber Sword, and the social conclusion game, DAPPRADAR analysts in their report.
DAPPRADAR analysts refers to a basic defect that leads this exit: the absence of an attractive playing method.
Often, projects gave priority features, speculative NFT releases, and often coordinate freezing and developing critical gameplay.
Without fun and restarting mechanics in its essence, the largely funded Web3 games have struggled to maintain the player’s interest, indicating that the biggest challenge in the industry may simply be learning how to build great games.
This narration is not new: Investigative studies have been saying this since 2022.
Market movements:
- BTC: Bitcoin 2 % slipped after failing to retain a level of $ 110,000, while supporting prices at $ 108.5 thousand amid increasing geopolitical tensions and mixed feeling, although strong institutional flows through investment funds circulating in superstition indicate that the basic demand is still sound.
- Eth: ETH jumped by 5 % to excel over 2800 dollars, as 815 million dollars were poured into institutional flows in ETA
- gold: Gold rose 0.97 % to $ 3363 after US inflation data showed cooling prices, which enhances expectations that the Federal Reserve can make interest rate discounts in September.
- Nikki 225: The shares of Tokyo mixed opened on Thursday, when the strongest yen weighing the two exporters while optimism about a possible trade deal, the United States and Japan supported the purchase, with Nikki’s decrease by 0.22 % in early trading.
- S & P 500The shares of Tokyo mixed on Thursday, when the strongest yen weighing the two exporters while optimism about a potential trade deal, the United States and Japan backed by purchasing, with Nikki decreased by 0.22 % in early trading.
