Currency Forecast

In a shocking turn of events, U.S. spot Ethereum ETFs have attracted net inflows soaring to a staggering 225,857 ETH, reaching heights unseen since their grand debut. 🤑

The initial price rally over the past week has been led by Bitcoin’s record-breaking run to new all-time highs above $123,000. The latest market reports connecting the Ripple executives to California’s crypto adoption plans could reignite the next breakout phase. 🤑

In a most unexpected turn of events, Ether has chosen this week to outshine the ever-so-stoic Bitcoin, reclaiming the prestigious throne of $3,000. 🌟

The saga began with unusual activity on the Ethereum Layer-2 network, first flagged by blockchain security firm Certik. Analysts identified unauthorized interactions with Arcadia’s Rebalancer contract—an internal mechanism designed to help balance user portfolios. Within hours, the attack escalated, and the stolen funds climbed to over $3 million.

Apparently, the California Breakthrough Project is a thing now, and its goals are… well, let’s just say they’re still figuring that out. But hey, they’ve already had a meeting in San Francisco, so that’s a start, right? 🤷‍♀️

The initiative, which has been dubbed the “California Breakthrough Project,” is meant to bring innovation borrowed from the private sector into the public sector. Newsom has stressed that California, which could rank as the world’s fourth-largest economy, is the “birthplace of modern tech,” which is why it is capable of bringing “the best and brightest together.” 🚀

About 10 days ago, two Bitcoin addresses, each holding 10,000 BTC, were emptied within minutes of each other on the 4th of July. These wallets had received their respective Bitcoin on April 3rd of 2011, when BTC was trading at a mere $0.78 a piece. One can only imagine the thoughts of the keeper of these ancient coins, perhaps chuckling at the absurdity of the value they now hold. 😂

“We’re going to be involved in both JPMorgan Depositcoin and stablecoins to understand it, to be good at it,” Dimon said during the bank’s Tuesday earnings call. “I think they’re real, but I don’t know why you’d want a stablecoin as opposed to just payment.” Oh, Jamie, always with the existential questions. 🙄

In the weekly timeframe, the ETH/BTC pair continued its bullish trend that began during the second quarter of 2025. According to market data from TradingView, the ETH/BTC pair gained 18 percent in the last four weeks to retest the highest level since March 2025. 📈💸

Meanwhile, in a theater of politics known as the US Congress, they are hosting their little ‘Crypto Week’. Yes, it sounds about as thrilling as a lecture on the history of sandwich making, but leaders are gathering to ponder three lavishly golden bills that promise to sprinkle some fairy dust on the pro-industry dreamers. The elections may seem like a distant mirage, but these bills are up for a vote faster than you can say “cryptocurrency!”