Ethereum’s funding rate climbed to its highest level since August 23, 2025 on 
May 31, even as the token slipped below the $2,000 mark. The move pointed to 
heavy long positioning, and that crowding showed up again on June 1 when about 
$84 million in long ETH bets were wiped out. Related Reading: Bitcoin Faces 
Prolonged Downtrend Through 2027, Analyst Warns Citigroup Sees Tokenization 
Breakout Citigroup’s new Tokenization 2030 report put the tokenized asset 
market at $17 billion today and projected a base-case value of $5.5 trillion 
by 2030. The bank also laid out a wider range, with a low case of $2.7 
trillion and a high case of $8.2 trillion, depending on how fast adoption 
spreads. The forecast leans heavily on US Treasury bills and public equities. 
Citi said about 10% of the US Treasury bill market could be tokenized by 2030, 
while public stocks could make up another 3% of the total, with on-chain money 
and tokenized deposits helping settle those trades. Citi: Tokenized securities 
market could reach $5.5T by 2030 Citi said in its Tokenization 2030: Wall 
Street On-Chain report that the real-world asset tokenization market could 
grow from $17 billion today to $5.5 trillion by 2030, with estimates ranging 
from $2.7 trillion to $8.2… pic.twitter.com/OwwUCtPpFW — Wu Blockchain 
(@WuBlockchain) June 1, 2026 Citi also said a shift by 10% of US retail 
investors to on-chain trading could create about $2.6 trillion in demand for 
tokenized public equities. The report framed the change as a gradual one, with 
legacy systems and blockchain-based rails likely to run side by side for a 
long stretch. Ethereum Still Sits In The Middle The report and the market 
reaction both placed Ethereum in the middle of the tokenization story. Reports 
have it that Wall Street firms are already using Ethereum for tokenization, 
citing BlackRock’s BUIDL fund and the firm’s plan to tokenize money market 
funds on the blockchain using Ethereum. Even so, the price action has stayed 
weak. Ethereum was trading around $1,985 when the piece was published, after a 
drop of 0.85% on the day, and the token had already fallen below the 
psychological $2,000 level. Related Reading: Bitcoin Could Enter Freefall If 
This Level Cracks: Analyst The report also pointed to a support band between 
$1,980 and $1,990, which had formed a demand zone on May 29. A bounce from 
that area, it said, could push ETH back above $2,000 and later toward $2,220. 
Price Still Has Work To Do Technical pressure was still hanging over the 
chart. ETH formed a double-top pattern on April 17 and May 6, then broke below 
the neckline and fell toward the $2,000 area after a second drop of about 9% 
from the $2,460 peak. Featured image from Unsplash, chart from TradingView

Ethereum’s funding rate climbed to its highest level since August 23, 2025 on May 31, even as the token slipped below the $2,000 mark. The move pointed to heavy long positioning, and that crowding showed up again on June 1 when about $84 million in long ETH bets were wiped out. Related Reading: Bitcoin Faces &#8230;

Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom

Georgia will reportedly install electricity meters across Mestia to curb 
illegal crypto mining after officials blamed miners for grid strain and 
outages.

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According to Alexandre…

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Georgia will install meters in Mestia after officials said illegal crypto 
mining drove 2025 power use to 133M kWh and caused $9.4M losses.

Georgia will install meters in Mestia after officials said illegal crypto mining drove 2025 power use to 133M kWh and caused $9.4M losses.

Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom

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