StablecoinX is a new business venture formed after the merger of special purpose acquisition company TLGY Acquisition and StablecoinX Assets Inc.

StablecoinX launches Ethena treasury strategy with $360m ENA buy

Ethereum is once again in the spotlight as institutional capital continues to 
flood into the market at an unprecedented pace. This surge in demand reflects 
institutional investors who are increasingly viewing ETH as a valuable asset. 
Ethereum Turns Heads As Inflows Accelerate According to Axel Gaubert&#8217;s post on 
X, ETH is pumping hard after $2.77 billion was added to BlackRock’s Ethereum 
ETF (ETHA). This signals immense institutional appetite for the asset and 
underscores growing confidence in Ethereum’s role as both a financial 
instrument and a foundational layer for decentralized applications. Related 
Reading: Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details 
Gaubert notes that the inflows reflect mainstream validation, but create 
questions around Satoshi’s philosophy. The core ideals of decentralization and 
independence from traditional finance are being tested as legacy institutions 
like BlackRock move in, and Ethereum is a very opinionated blockchain. The 
fact that BlackRock can now build on Ethereum and accumulate ETH at scale 
reflects Ethereum’s core philosophy, open access, programmable money, and 
institutional-grade architecture. Ethereum continues to make history as 
institutional interest surges to unprecedented levels. In the past week, spot 
Ethereum ETFs saw $2.18 billion in net inflows last week, which is the highest 
weekly inflow the products have ever recorded. This surge underscores the 
growing confidence institutional investors have in Ethereum&#8217;s long-term value, 
particularly as regulatory clarity improves and ETH cements its place as a 
core layer of infrastructure. Over 20% Weekly Gains Signal Strong Market 
Momentum As mentioned by Vincent on X, Ethereum has gained momentum, and 
trading between $3,100 and $3,600 at the time of the post, reflecting a 20% 
rally within a week. This surge is fueled by strong inflows into spot ETH ETFs 
and rising institutional demand, both of which are acting as major tailwinds 
for the asset. Related Reading: Ethereum Boom Or Bust? Daniel Yan Sounds Alarm 
On SBET The ETF data has confirmed rising interest, and shows over $2.1 
billion flowed into spot ETFs last week. This surge marks one of the largest 
weekly inflows for ETH ETFs, reflecting a broader trend of capital rotation 
toward crypto contract platforms. BlackRock Ethereum Trust (ETHA) now holds an 
impressive $9.17 billion in assets, which is nearly half of all capital 
invested across Ethereum ETFs. Furthermore, the Regulatory developments are 
supportive. The recent GENIUS Act tightens Stablecoin oversight while 
reinforcing trust in ETH settlement infrastructure. This dual effect positions 
ETH as a more credible and robust network for institutional activity. ETH 
currently secures $76 billion in DeFi TVL and $128 billion in Stablecoin 
supply. On-chain signals show strength as Staking participation continues to 
rise, a sign of long-term confidence among holders. The futures open interest 
has reached a record of $51 billion. This reflects deep institutional 
engagement. Meanwhile, ETH supply is deflationary due to burns and staking. 
Finally, Vincent sees $4,000 ETH as the next resistance level and stated that 
May&#8217;s Pectra upgrade will improve smart accounts, staking UX, and L2 
integration, which are bullish for utility and scalability. Featured image 
from iStock images, chart from tradingview.com

Institutional Demand Surges As Ethereum Sets New Inflow Records

Hive Digital’s HPC business is targeting a $100 million annual revenue run 
rate as it continues to diversify beyond Bitcoin mining.

Hive Digital accelerates AI pivot with $100M HPC expansion — Cointelegraph exclusive

Polymarket comes back to the United States more than two years after US 
regulators dropped investigations into the predictions market platform.

Polymarket set to reenter US with $112M acquisition of QCEX derivitives exchange

Experts believe the recently passed GENIUS Act in the U.S. will significantly 
influence global stablecoin regulation, establishing compliance standards that 
non-U.S. issuers must meet to access U.S. financial systems. GENIUS Act Sets 
Global Stablecoin Precedent Experts suggest that the GENIUS Act, while a U.S. 
law, is poised to set a significant global precedent for stablecoin […]

GENIUS Act Poised to Reshape Global Stablecoin Landscape, Experts Say

Strategy launches STRC preferred stock to fund new Bitcoin buys after 
disclosing a $739M purchase of 6,220 BTC this month.
The post Strategy’s Bitcoin bet grows with new STRC preferred stock launch 
appeared first on Crypto Briefing.