Ethereum News Update: Institutional Embrace of Ethereum Solidifies Its Position as a Pillar of the Global Financial System
- U.S. banks now legally hold Ethereum (ETH) under the GENIUS Act, accelerating institutional adoption of the second-largest cryptocurrency. - BitMine Immersion (BMNR), holding 3.63M ETH, plans 2026 staking via MAVAN, boosting Ethereum's utility in stablecoin and asset security. - Tether's $10B 2025 profits and $4.6B Q3 crypto VC rebound highlight growing institutional confidence in digital assets and ETPs. - TrustLinq and Ourbit's compliance innovations, aligned with Trump-era crypto policies, address AML
U.S. financial institutions have now been granted regulatory approval to custody
The enactment of the GENIUS Act has
Current market trends also indicate rising confidence among large investors.
Clearer regulations have encouraged progress in compliance solutions.
With Ethereum testing a crucial resistance level around $3,000, investors are maintaining a cautious optimism. BitMine’s CEO pointed out the “asymmetric risk/reward” at current ETH prices, noting support at $2,500 and
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