NiftyNoon: Is the Ethereum Bull Run Finally Here? (Yes) 🚀🌕🔷
Strong network growth, consistent spot ETH ETF inflows, and increasing investor confidence are propelling Ethereum's price upward (June 11, 2025)
Nifty Thought:
For much of this bull run, Ethereum ($ETH) has struggled to keep up with lower risk assets such as Bitcoin and even S&P 500 index funds. Although the voices that spent the past year incorrectly bottom-calling Ethereum have not had much to be jolly about, the more savvy traders have recognized a opportunity for a lucrative short-term trade. Ethereum has been experiencing a significant upswing, with its price breaking past $2,700 and showing potential for further gains. This positive momentum is supported by several factors, including a surge in network activity, particularly on its layer-2 scaling solutions, which have seen impressive decentralized exchange (DEX) volumes. Despite some critics pointing to modest chain fees, Ethereum's total value locked (TVL) continues to dominate the blockchain space, holding a commanding 61% market share.
A key driver of this bullish sentiment is the sustained inflow into spot Ethereum ETFs in the United States. These ETFs have recorded weeks of consistent net inflows, signaling growing institutional interest and a "sentiment shift" towards ETH as an investment. Furthermore, Ether futures open interest has reached an all-time high, and positive funding rates indicate a strong bullish bias among futures traders. The supply of ETH on exchanges has also fallen to a record low, while a significant portion of the total supply is locked in staking, further supporting positive price movements with increased demand.
Most importantly, the launch of Sharplink Gaming ($SBET) is one of the biggest reasons to be bullish on Ethereum in the short term. Chaired by Joseph Lubin, Sharplink Gaming’s Ethereum strategy initiative has the opportunity to consolidate capital into the world’s second largest cryptocurrency. It is undeniable that the “infinite bid” provided by Michael Saylor’s Strategy (formerly MicroStrategy) has helped propel the price of Bitcoin. If Lubin can successfully create the Strategy of Ethereum, the future for the coin may finally look bright.
Highlighted News:
📈 $ETH ETF inflow + $52,700,000 yesterday:
https://x.com/TedPillows/status/1932357064841437542
🔷 SharpLink Gaming $SBET have completed their $425 million private placement, led by Consensys:
https://x.com/SharpLinkGaming/status/1929559241834009043
🟪 The SEC has asked prospective Solana ETF issuers to submit amended S-1 forms within the next week, per 3 sources:
https://x.com/whosknave/status/1932510154597011523
📜 The CLARITY Act has passed:
https://x.com/FinancialCmte/status/1932526471068680700
Project and Community News:
The House Agriculture Committee just passed the CLARITY Act 47-6: https://x.com/Bitcoin_Laws/status/1932479872439624170
Meet Franklin Templeton's Benji Technology Platform: https://x.com/FTDA_US/status/1932457785213559043
The @coinbase Q2 2025 State of Crypto report just dropped: https://x.com/coinbase/status/1932487826039357919
South Korea’s new President, Lee Jae-myung, is moving quickly to deliver on his campaign pledge to allow local companies to issue stablecoins: https://x.com/business/status/1932291691739779259
Connecticut passes law to ban state investment in bitcoin: https://x.com/bitcoin_laws/status/1932549077167980637?s=46
Introducing Silhouette - The Shield Exchange on Hyperliquid: https://x.com/silhouette_ex/status/1932430570769748471
Coinbase will add support for HOME (HOME) on the Base network: https://x.com/coinbaseassets/status/1932480225633337606?s=46
@ethos_network’s free airdrop now worth $13k: https://x.com/resaang/status/1932502602778054763?s=46
Launchcoin revenue numbers using the daily average of the last 7 days: https://x.com/CryptoStreamHub/status/1932394733395202059
Wasabi is excited to support the Runes ecosystem on Solana: https://x.com/wasabi_protocol/status/1932490466077139414
@defidevcorp partnered with @ExponentFinance to integrate the dfdvSOL liquid staking token (LST) into Exponent’s yield exchange: https://x.com/defidevcorp/status/1932554520107810919?s=61
SilverBox IV announced a non-binding letter of intent with Parataxis Holdings, a digital asset management platform, for a proposed business combination: https://x.com/JulianKlymochko/status/1932045837347213582
The Official Azuki Telegram channel is live: https://x.com/Azuki/status/1932510579639660876
mmERCH partners with @meebitsnfts: https://x.com/mmERCH/status/1932414985038393688
Noah has raised $22M to build the global payment network for the stablecoin era: https://x.com/noah_hq/status/1932400851651362866?s=46
Introducing ether.fi Hotels — a new way to use your crypto in the real world, built for ether.fi Club members: https://x.com/ether_fi/status/1930763113026265100
Five Men Plead Guilty for Their Roles in Global Digital Asset Investment Scam Conspiracy Resulting in Theft of More than $36.9 Million from Victims: https://x.com/DOJCrimDiv/status/1932220122745143645
Andrew Tate just showed his hyperliquid trade that was 138.5% profitable to promote his reflink. He apparently forgot that it was a DEX, so his wallet was quickly found and discovered that he was $600,000 in the red: https://x.com/ccpool_daniel/status/1932532681595601221?s
Quick Stats:
👾 Blur ETH Daily Volume: 488.69 ETH (▼ 10.37%)
🌊 OpenSea ETH Daily Volume: 842.44 ETH (▼ 17.15%)
🟠 BTC : $109,584.31 (▼ 0.08%)
🔷 ETH: $2,803.11 (▲ 1.39%)
🟣 Solana: $166.84 (▲ 3.67%)
🟪 Polygon: $0.22 (▼ 0.97%)
Top NFT Sales:
CryptoPunks #4577: 44.00 ETH
CryptoPunks #1228: 43.00 ETH
Grifters by XCOPY #10: 20.00 ETH
NFT Daily Winners:
🧦 Bitcoin Puppets: 0.04 BTC (▲ 15.37%)
🐵 NodeMonkes: 0.03 BTC (▲ 10.14%)
👩🏻 Milady Maker: 2.40 ETH (▲ 3.85%)
👾 Tensorians: 2.68 SOL (▲ 3.12%)
🐧 Pudgy Penguins: 9.30 ETH (▲ 1.30%)
🏴☠ Captainz: 0.37 ETH (▲ 0.79%)
🦧 Bored Ape Yacht Club: 12.89 ETH (▲ 0.70%)
🏳🌈 Chromie Squiggles: 4.75 ETH (► 0.00%)
🧙♂️ Taproot Wizards: 0.17 BTC (► 0.00%)
NFT Daily Losers:
🚬 CryptoPunks: 43.98 ETH (▼ 0.05%)
💼 Ordinal Maxi Biz: 0.02 BTC (▼ 0.92%)
😡 Mad Lads: 33.80 SOL (▼ 3.40%)
⛩ Azuki: 2.22 ETH (▼ 5.10%)
🍭 Mocaverse: 1.27 ETH (▼ 6.98%)
🐱 Quantum Cats: 0.02 BTC (▼ 13.19%)
Notes:
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