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Trading above $2500 As The U.S. Senate passed the Genius Act Received support from both parties.
When the Senate was busy passing the Genius Act, Vivek Raman, founder of Etherealize, an Etherealize, was busier and toured on Wall Street to explain why ETH suddenly appeared at the center of institutional financing.
Of course, Ethereum is nothing new. It has been ten years. But in the end, Wall Street started to pay attention for nearly 10 years of survival and they really wanted to talk about it.
“It’s a great job…running around from bank to bank, buying and buying, telling them what Ethereum tokenization means, how L2S works and why all of this flows through Ether.”
As the founder of Ethealize, Raman led the company’s efforts to educate Wall Street as a neutral collateral on ETH and helped institutions provide assets and build on Ethereum.
Raman said Ethereum’s core value proposition, its role as a settlement and mortgage layer behind Stablecoins and Sitkenized assets, ultimately resonated with institutional investors.
“Every action is driven by ether,” he said. “Ultimately, it will be regarded as primitive, just like Bitcoin. It will be a neutral asset for the entire ecosystem.”
Raman said the turning point was the clarity of regulation.
“Until now, Ethereum’s potential has been allowed,” he said. “For years, we didn’t know whether it was a security or a commodity.”
That’s why, despite the headlines of ETH ETF, Raman said that the real unlocking of Ethereum comes from regulatory clarity, not stock symbols.
“The ETH ETF cleared the road by signaling that ether is a commodity, but it still has no clarity,” Raman said. “With a clear market structure, the utility of Ethereum is fully released.
While the rise of Circle’s IPO and tokenized treasury has brought new visibility to the industry, Raman said savvy investors will hope for more than just equity exposure to the Stablecoin brand.
He said: “Circle may get an IPO, but Ethereum gets liquidity.
Vaneck’s Solana ETF is closer to DTCC entry listing
Vaneck’s proposed Solana Exchange Traded Fund (ETF) has been listed on the Stock Trust and Clearing Corporation (DTCC) website, which is Ticker Sumpls VSOL, a procedural step that usually issues notifications to electronic clearing and solution preparation.
With the huge success of live Bitcoin and Ether ETFs, Vaneck’s DTCC listing has grown in institutional interest in Solana.
But, like those ETFs, Canada beat the United States in the game.
Four Canadian issuers, Purpose, Evolution, CI and 3IQ launched the Solana ETF in April after approval by the Ontario Securities Commission.
OKX continues to regulate European expansion in Germany and Poland
OKX has officially launched regulated crypto exchanges in Germany and Poland, marking a strategic expansion to two of Europe’s most active digital asset markets.
The company now offers spot trading, points, automated trading bots, and more than 60 cryptocurrency pairs to users in both countries, and is backed by a localized platform with Euro Onramps.
“Germany and Poland are the major growth markets in the EU, and our licenses enable us to customize products and services to meet the specific needs of users in each country, with higher value, enhanced security and more effective customer access,” said Erald Ghoos, CEO of OKX Europe in a press release.
OKX highlighted its regulatory positioning in a press release, highlighting its market in cryptoasset (MICA) compliance and ongoing transparency efforts, including a 31-month proof of reserve reports.
Market changes:
- BTC: In Israel-Iran tensions, Bitcoin briefly dropped to $103,396 before rebounding in ETF purchases that continue to buy institutions, with low exchange reserves amplified volatility in tight trading channels between $103,405 and $107,780.
- ETH: Ethereum traded within the 24-hour range within the 24-hour period, indicating the elasticity rebounded from the $2,460 support zone, although it continued to encounter stiff resistance of $2,800.
- Gold: Gold remains below $3,400 as traders await federal guidance, geopolitical tensions, U.S. deficits and the risk of currency depreciation supporting its long-term uptrend.
- Nikkei 225: Asia-Pacific markets fell on Wednesday, with Japan’s 225 falling 0.15% in the quarter, and investors’ sentiment was heavy as Israel-Iran tensions escalate.
- S&P 500: As the Israel-Iran conflict enters its fifth day, stocks fell, and the S&P 500 fell 0.84% to 5,982.72.
