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Crypto weekly update
31. July 2025  • clock 3 min •  Daniel Mitrovsky

Ethereum Celebrates 10 Years – Market Info

The cryptocurrency market has grown only slightly over the past two weeks. The total market capitalization has increased by approximately 3.4% and currently stands at €3.34 trillion. Bitcoin’s market share has declined, and Bitcoin’s dominance has reached 61.7%.

Investor sentiment in the cryptocurrency market remains positive, with the Fear & Greed Index at 74 points out of 100. The altcoin season index is at 37 points out of 100.

Source: Coinmarketcap

Ethereum Celebrates 10 Years!

Ten years ago, in the summer of 2015, a project was born that changed the face of the digital world. Ethereum – a network that emerged from the desire to go beyond the boundaries of Bitcoin and bring something to the world that would offer far more possibilities and opportunities for users than Bitcoin itself. The vision of young programmer Vitalik Buterin and his team was clear: to create a platform that would allow anyone in the world to build their own applications without intermediaries. This gave birth to the idea of “smart contracts” – self-executing agreements stored directly on the blockchain.

From the first block, called the “genesis block,” to today, Ethereum has gone through an astonishing evolution. Initially seen by many as an interesting experiment, it gradually became an integral part of the entire cryptocurrency ecosystem. The first decentralized applications (dApps) emerged on Ethereum, enabling asset exchange, gaming, the rise of decentralized finance, and the creation of custom tokens through the ERC-20 standard.

In 2017, Ethereum was at the heart of the ICO (Initial Coin Offering) phenomenon, which opened the doors for hundreds of projects to secure funding directly from the community. A few years later came a massive boom in decentralized finance and NFTs, which allowed digital artists to gain recognition and income in the digital space. And although these trends had their highs and lows, one thing remained constant: Ethereum as the foundational infrastructure that enables innovation and opens new opportunities.

The journey, however, was not easy. Ethereum faced challenges related to scalability, fees, and energy consumption. But the developer community never rested, working hard to make Ethereum a versatile and efficient network. After years of preparation, a breakthrough came in the form of the transition from Proof of Work to Proof of Stake – a historic moment known as “The Merge.” Ethereum thus became more eco-friendly and efficient, paving the way for further growth.

Source: TipRanks

Today, ten years later, Ethereum is no longer just a technology. It is a movement, a community, a space for innovators, visionaries, and developers who believe in a decentralized future. With tens of thousands of developers, billions of dollars locked in protocols, and continuously growing adoption, Ethereum proves that blockchain is not just a passing trend, but a vital building block of the digital world of the future.

And what lies ahead? With upcoming enhancements like “Danksharding,” rollups, and developments on Layer 2, Ethereum is gearing up for mass adoption. The vision of a global, open financial system and an internet where users retain control over their data and value is now closer than ever before.

Ethereum celebrates ten years – and we get to witness history in the making.

🎊 HAPPY BIRTHDAY, ETHEREUM! 🎊

Launch of Solana ETF Postponed

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for reviewing the Grayscale Solana Trust ETF proposal until October 10, 2025. The decision to list the fund on the NYSE Arca exchange requires additional time due to the complexity of regulatory issues, according to the official document. Grayscale submitted the proposal in January 2025 and amended it in February, with the SEC initiating formal proceedings in May to assess regulatory compliance.

Meanwhile, Invesco and Galaxy Digital filed their own proposal this week for a Solana ETF, which is set to be listed on the Cboe BZX exchange under Rule 14.11(e)(4), commonly used for funds based on digital assets. The SEC has not yet set an initial comment period for the new proposal, but this move signals growing competition in the crypto ETF market.

The delay of the Grayscale ETF reflects the SEC’s cautious approach to new crypto products, while also highlighting the growing interest in Solana as an investment asset. Known for its speed and low fees, Solana is attracting institutional investors, as evidenced by the entry of Invesco and Galaxy Digital. This development follows the approval of several crypto ETFs in the U.S., including those for Bitcoin and Ethereum, indicating ongoing acceptance of digital assets. However, even in the case of Bitcoin and Ethereum ETFs, their applications were delayed until the last possible moment.

The race for a Solana ETF underscores the dynamic nature of the crypto market and the push to attract both retail and institutional investors. Approval of these funds could further strengthen Solana’s position as a key player in the crypto space. Source

How Rare Is It to Own 1 BTC?

Owning a full Bitcoin in 2025 is rarer than it might initially seem. According to blockchain data, approximately 827,000 to 900,000 addresses hold at least 1 BTC, but the actual number of individuals is closer to 800,000 to 850,000, as many wallets belong to exchanges or institutions. This means that only about 0.01% to 0.02% of the world’s 8 billion people own a full Bitcoin. Within the crypto community, it’s even more exclusive — only 0.18% of crypto investors have reached this milestone.

With Bitcoin priced above $120,000, purchasing one full BTC is financially challenging for the average person. It requires a high income and the courage to invest in an asset like Bitcoin. Interestingly, owning 1 BTC is rarer than being a millionaire — there are 16 million millionaires in the world, but fewer than 900,000 people hold a full Bitcoin. For example, NFL star Odell Beckham Jr. converted a $750,000 salary into BTC in 2021, and at a price of $123,000 in mid-2025, his investment nearly doubled to $1.35 million.

Bitcoin is also scarce due to its capped supply of 21 million coins, with 19.8 million mined as of mid-2025. After accounting for lost or hoarded coins, the available supply is even smaller. The top 100 addresses control over 58% of the supply, with four wallets alone holding 14%. This means that owning just 1 BTC places you in a position most people will never reach.

For the average person, the path to owning 1 BTC is challenging. Dollar-cost averaging (DCA) helps gradually accumulate BTC, while Bitcoin ETFs make investments accessible through traditional stock exchanges. Owning a full Bitcoin is not only a financial achievement but also a symbolic one, placing you among the elite in the crypto world. Source

Corporations Are Buying Ethereum: They Already Own 1% of All ETH!

Corporations are rapidly accumulating Ethereum (ETH), signaling a shift in institutional interest toward the second-largest cryptocurrency, which is currently celebrating its 10th anniversary. According to a report by Standard Chartered shared with Cointelegraph, corporate entities have purchased 1% of Ethereum’s total supply since June 2025. The pace of Ether purchases is twice as fast as that of Bitcoin, contributing to ETH’s stronger price performance compared to BTC.

The report attributes Ethereum’s price growth to corporate accumulation and record inflows into spot Ether ETFs. Standard Chartered predicts that continued inflows could push ETH’s price beyond their $4,000 year-end target. However, ETH is still trading 21% below its all-time high of $4,890 from November 2021.

According to Standard Chartered, Ethereum reserves offer greater potential than Bitcoin’s, particularly from a “regulatory arbitrage” perspective. Companies can benefit from staking yields and opportunities in decentralized finance (DeFi), which current U.S.-based ETH ETFs do not yet provide. The bank forecasts that corporations could eventually own up to 10% of ETH’s total supply — ten times the current share.

The largest corporate holder of Ethereum is BitMine Immersion Tech, which owns 0.5% of ETH’s circulating supply and plans to acquire up to 5%, amounting to an additional 6 million ETH. Last week, a new company, Ether Machine, announced its intention to build one of the largest ETH reserves by purchasing 400,000 ETH worth over $1.5 billion, with plans to list on Nasdaq under the ticker “ETHM.”

This trend highlights the growing institutional attention toward Ethereum, which could further accelerate its adoption and price appreciation in the crypto space. Source

Bitcoin Withstood Heavy Selling

The price of Bitcoin (BTC) stabilized at $119,000 on Tuesday, July 29, 2025, shrugging off the potential impact of an additional 3,782 BTC (approximately $450 million) being moved to exchanges by Galaxy Digital. According to Cointelegraph Markets Pro and TradingView, the BTC/USD pair rose nearly 1% after a brief dip to $117,000. The market demonstrated resilience even in the face of strong selling pressure.

This move follows last week’s transaction in which Galaxy Digital facilitated the sale of 80,000 BTC ($9.6 billion) from an early investor dating back to the Satoshi era — one of the largest crypto trades in history. According to Lookonchain, part of those bitcoins were sent to exchanges such as Binance and Bybit, yet the market absorbed the sale with only a minor drop to $114,500. Analysts believe the new transfer of 3,782 BTC — most of which ended up on exchanges — is likely part of an ongoing reallocation or sale on behalf of Galaxy’s institutional clients.

Bitcoin’s stability is being bolstered by growing institutional interest. Corporations like MicroStrategy and Tesla hold significant BTC positions, which strengthens trust in its long-term value. Additionally, record inflows into U.S.-based Bitcoin ETFs suggest that investors increasingly view BTC as a legitimate asset. Price resilience in the face of large-scale selling, such as that from Galaxy, indicates strong liquidity and confidence in the market.

Bitcoin’s ability to withstand these movements reflects its maturation as an asset. Galaxy Digital plays a key role in managing large transactions, further reinforcing investor confidence in the liquidity and stability of the market. Source

Global Liquidity Continues to Grow: Will Bitcoin Follow This Trend?

The global rise in liquidity (M2) is creating ideal conditions for explosive Bitcoin (BTC) price growth. We’ve seen this play out multiple times this year already, with the M2 money supply — which includes cash, deposits, and other liquid assets — reaching a new all-time high just a few days ago. In 2020–2021, a 25% increase in M2 was accompanied by a BTC surge from \$10,000 to \$69,000, and many analysts expect a similar pattern in 2025.

According to analysts, liquidity often precedes Bitcoin price movements by 12 to 90 days. The current M2 expansion, driven by the loose monetary policies of the U.S., China, EU, and Japan, is eroding the purchasing power of fiat currencies and increasing demand for scarce assets like Bitcoin. This inflationary pressure reinforces Bitcoin’s narrative as “digital gold.” Forecasts suggest that an annual M2 growth rate of 8–10% could push the price of BTC above \$150,000, according to some estimates.

Chart: M2 Money Supply Growth (yellow) vs. Bitcoin Price.

Source: Fumbi Twitter

Recent regulatory advancements in the U.S., such as the approval of the GENIUS Act for stablecoins and the anticipated White House report on digital assets, are strengthening confidence in Bitcoin as a legitimate financial instrument. These steps, combined with global pressure for loose monetary policy, are creating an environment where investors are increasingly seeking alternatives to traditional currencies. As a result, Bitcoin is gaining traction as a store of value.

Nonetheless, caution is warranted, and potential risks should be considered. Geopolitical tensions and possible market corrections could lead to temporary downturns. However, analysts maintain a bullish long-term outlook, supported by macroeconomic trends, growing interest in Bitcoin and other cryptocurrencies, and ongoing technological advancements. Source

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Daniel Mitrovsky linkedin

Head of Crypto, Fumbi

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Biography

Specializes in cryptocurrency market analysis, investment strategies, and technological trends in the blockchain space. With over 5 years of experience in financial markets, he has been actively involved in cryptocurrencies for more than 8 years. On the Fumbi blog, he brings you the latest news from the world of cryptocurrencies, comments on market developments, and clearly explains various investment approaches – from basics to advanced strategies.

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