Stablecoins surge, regulations boost, Ethereum leads the new finance.

Author: Alertforalpha

Translated by: Blockchain Simplified

Ethereum is entering a critical phase, with political momentum, technological upgrades, and institutional adoption converging—smart money is already preparing for Ethereum's potential next bull market.

1. Genius Bill + Washington Tailwind

The "Genius Bill" may pass the Senate this week, providing broad legitimacy and regulatory clarity for cryptocurrencies.
Multiple hearings in early June: June 4: House hearing on the future of digital assets * June 5: Data privacy and financial committee * June 10: Legislative marking—final adjustments before the law passes

**Another bill:** Credit Card Competition Act, which could significantly reduce merchant fees and incentivize stablecoin payments.

**Importance:** These regulations could accelerate stablecoin adoption, with Ethereum remaining the primary stablecoin layer.



**2. Stablecoins: The Hidden Catalyst**

**Surge in stablecoin infrastructure:** Ethereum, Solana, Arbitrum, Base, and Avalanche are all seeing inflows of capital.

• DeFi stablecoin yields are attracting new capital into the crypto market.

• Jamie Dimon of JPMorgan acknowledges they are working to "externalize" JPM Coin, embracing blockchain as a global payment rail.

• "This could reshape the entire financial structure."

  3. Institutions Quietly Hoarding Ethereum Despite publicly expressing skepticism, JPMorgan is deeply embedding itself in Ethereum infrastructure through Onyx, Avalanche, Axelar, and LayerZero.

• Analysts claim "institutions have no interest in Ethereum," but on-chain growth and Ethereum Foundation holdings suggest otherwise.

• Circle (USDC issuer) collaborates with JPMorgan and Citigroup before its IPO, further connecting Ethereum with traditional finance.

  4. Ethereum Upgrade: Fusaka = Game Changer

  The Fusaka upgrade (expected Q3-Q4) will:

  Increase Ethereum L1 capacity by 20 times

• 1% of Ethereum supply per year will be used for blob fees (expanding layer two networks)

• Ensure financial sustainability of Ethereum L1 through layer two usage

  This is not hype—Ethereum's last major upgrade (Pectra) led to strong price performance. Smart money is flowing back into Ethereum.

  5. Declining Exchange Balances

  Ethereum is being withdrawn from exchanges, typically signaling accumulation before significant movements.

• Retail investors are starting to follow: Ethereum is the second most anticipated asset to buy in 2025, after Bitcoin (43% of surveyed investors).

  6. Ethereum vs Gold — The Frontier of Tokenization

  Paul points out Tether Gold (XAUT): Tokenized gold is becoming a better digital asset than Bitcoin in certain use cases.

  Peter Schiff (ironically) admits:

  "Tokenized gold can be used for micropayments—something Bitcoin cannot achieve efficiently."

  Key Insight: Ethereum is likely to be the settlement layer for tokenized gold, opening new markets for digital goods.

  Article link: https://www.hellobtc.com/kp/du/06/5875.html

  Source: https://s.c1ns.cn/wfC7P

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