Big financial companies are now seriously using Ethereum, not just for trading crypto but for real-world finance.
Around 35 major firms, including BlackRock, JPMorgan, Fidelity, and others, have recently launched new products directly on Ethereum. These include tokenized stocks, money-market funds, stablecoins, and even bank deposits.
This shows that traditional institutions are starting to use Ethereum as a base layer for moving and settling money kind of like a digital financial highway.
What are they building?
Crypto exchange Kraken launched “xStocks,” letting users trade real U.S. stocks on Ethereum.
Ondo Finance created a platform with over 100 tokenized U.S. stocks and ETFs.
Fidelity launched a tokenized money-market fund on Ethereum.
China Asset Management’s Hong Kong unit and Europe’s Amundi also released tokenized funds on the network.
JPMorgan moved its JPM Coin to an Ethereum-based network and launched a tokenized fund using $100 million of its own money.
French bank Societe Generale added euro- and dollar-based lending and trading tools on Ethereum DeFi platforms.
Fintech companies joined too:
Stripe expanded stablecoin services using USDC on Ethereum.
SoFi launched its own stablecoin, becoming the first U.S. retail bank to do so on a public blockchain.
Google announced a payment system using stablecoins on Ethereum, working with Coinbase and the Ethereum Foundation.
Ethereum network activity is also growing fast:
Over 30% of all ETH is now staked about 36 million coins locked up.
A record number of new wallets were created earlier this month.
But while adoption is booming, Ethereum co-founder Vitalik Buterin warned that the network is becoming too complex. He says developers should keep things simple so security and user control don’t suffer.
Big banks and tech giants are rushing onto Ethereum to tokenize real assets and move money on-chain showing it’s becoming a serious part of global finance even as debates continue about how to keep the network safe and easy to use.
#Ethereum market mood has suddenly turned negative, with traders now expecting prices to fall before any big recovery.
Here’s the simple version:
On a prediction site called Myriad, traders now think there’s about a 62% chance Ethereum drops to $2,500 before reaching $4,000 again.
Just a few days ago, opinions were split and earlier this week, most people actually expected $ETH to bounce back toward $4,000.
Right now, Ethereum is trading near $3,008, after falling more than 10% in a week. It even dipped below $2,900 earlier.
Even with this short-term fear, the long-term picture looks calmer.
Ethereum runs on a system where people called validators lock up 32 ETH to help secure the network. If they stop behaving properly or their systems go offline, they can lose some of that stake.
Earlier this week, something interesting happened: for a short time, no validators were waiting to exit meaning nobody was rushing to pull out their $ETH . That’s usually a sign that long-term holders are still confident.
Now the number of validators wanting to exit has risen slightly to 94, but that’s tiny compared to the millions waiting to join the network. Anyone new who wants to become a validator would still have to wait more than 48 days.
One analyst explained that some validators might sell part of their ETH if prices fall sharply but that usually doesn’t happen often. And even when it does, there’s good liquidity in the market for staked $ETH , which helps reduce panic.
Bottom line: Traders are nervous about Ethereum in the short term and see a possible drop to $2,500… but long-term network participants aren’t rushing for the exits yet, suggesting confidence in Ethereum’s fundamentals hasn’t disappeared.
Bitcoin slipped back under $89,000 after a short-lived rally, showing that the market is still weak even though stocks were rising.
Here’s what’s happening in simple terms:
Bitcoin dropped to around $88,500, down about 1.5% in a day.
Ethereum also fell below $3,000, losing around 2.5%.
Crypto-related stocks like Hut 8, Galaxy Digital, and others were also down, even while the Nasdaq was up.
One market expert said many traders believe crypto could stay bearish until around September. The reason? Investors think U.S. interest-rate cuts may only come after a change in Federal Reserve leadership and those policy shifts take time to help risky assets like crypto.
Still, there are small positive signs. Some investors are quietly taking on more risk, which can be seen in rising interest in MicroStrategy shares compared to Bitcoin ETFs. This suggests a group of traders is still betting aggressively on Bitcoin’s long-term future.
Bottom line: Bitcoin is struggling to hold key levels, the mood is cautious, but a few signals show not everyone has given up on a rebound yet. 📉➡️📈
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