Ethereum (ETH)

Ethereum narratives are starting to separate. ethereum:native is around $1,584. Ethereum TVL is around $78B, down from roughly $106B three months ago. So the surface read is still weak. But the category data is more interesting than the ETH chart. In the Ethereum-exposed category view I checked, RWA protocols sit around $22.9B in total protocol TVL and had the shallowest average 7d drawdown at about -2.7%. For context: Yield: -3.2% DEXs: -4.1% Lending: -4.6% Liquid staking: -7.2% Liquid restaking: -8.6% Restaking: -8.8% Staking pools: -13.7% My read: The next Ethereum narrative probably won’t be another blanket “ETH beta” trade. The data is pointing toward a narrower setup: RWA and stablecoin infrastructure holding up. Selective credit venues like Maple and Aave V4 gaining traction. Uniswap V4 showing real early adoption. Restaking and liquid staking losing momentum. Some protocol-level numbers: Uniswap V4 is near $1B TVL and up about 20% over 7d. Maple is around $2.2B and up about 7%. Aave V4 is

This quite clever. Consolidting 2 validators with more than 2048 eth frees the excess, which allowed etherfi to withraw without the staking queue line during the rsETH fallout

my first ever crypto purchase was on Bitpanda. Early 2021, used them as my fiat on ramp and bought my first ETH so it’s been good watching them grow over the years and it’s even better seeing them positioned right for what’s happening in Europe right now MiCA fully kicks in on July 1st. Out of roughly 3,000 crypto companies operating in Europe, only about 210 have cleared the regulatory requirements so far. A lot of platforms are pulling back from EU markets entirely and users are starting to ask real questions about their funds @Bitpanda_global holds 3 MiCA licenses and has been operating here for over a decade. 7 million users, 650+ coins, no deposit or withdrawal fees and trading fees from 0.02% on Bitpanda Fusion If you’re in Europe and your current exchange hasn’t sorted this out yet, this is where I’d start🫶 https://t.co/ebyz3kc3HJ

🚨 PAIN: ETH is about to see its worst 3-quarter run ever. https://t.co/cmT1ZHfqya