Ethereum’s Resilience Shines as Institutional Demand Offsets Geopolitical Pressures

Despite facing headwinds from escalating geopolitical tensions in Eastern regions, Ethereum has demonstrated notable resilience, with institutional demand remaining robust. Recent data from Glassnode highlights $500 million in inflows into US spot ETH ETFs last week, marking the third-largest weekly net inflow on record. This strong institutional interest underscores the underlying demand for Ethereum, even as its price momentum temporarily stalls. The current macroeconomic climate, characterized by global instability, has raised questions about the sustainability of crypto assets. However, Ethereum's ability to attract significant investment during such periods suggests a bullish outlook for its future. As of June 2025, the cryptocurrency continues to be a focal point for institutional investors, signaling confidence in its long-term potential.

Ethereum Price Stalls Amid Geopolitical Tensions as ETF Inflows Signal Underlying Demand

Ethereum's price momentum has slowed against a backdrop of escalating political conflicts in Eastern regions, raising questions about the resilience of crypto assets during periods of global instability. Despite the macroeconomic headwinds, institutional interest remains robust - Glassnode data reveals $500 million flowed into US spot ETH ETFs last week, marking the third-largest weekly net inflow on record.

Technical analysis presents a mixed picture. The weekly chart shows ETH gained 100% over two months before entering a consolidation phase, now trading below the 50-day and 100-day moving averages but maintaining support above the 200-day MA. Five consecutive doji candles reflect market indecision, with traders eyeing the weekly FVG (Fair Value Gap) as the next critical level.

The sustained ETF inflows suggest institutional accumulation continues unabated, though price discovery may lag behind capital deployment. This divergence between on-chain fundamentals and spot price action creates a tension that could resolve explosively when geopolitical conditions stabilize.

Polygon’s zkEVM Faces Shutdown Amid Sustained Losses and Technical Stagnation

Polygon's zkEVM, a product of its $250 million Hermez acquisition in 2021, is set to wind down operations by 2026 following persistent underperformance. The layer-2 solution failed to achieve meaningful adoption or integrate critical ethereum upgrades like Blob technology, leaving it functionally obsolete.

Annual operational losses exceeding $1 million compounded the decision, as the chain's negligible usage failed to justify continued investment. Resources are now being redirected toward AggLayer, Polygon's new interoperability framework for multi-chain liquidity unification.

The closure marks a strategic pivot for Polygon, which initially positioned zkEVM as a flagship scaling solution. Technical stagnation and inability to keep pace with Ethereum's evolution ultimately doomed the project, demonstrating the fierce competitiveness of the L2 landscape.

JPMorgan Pilots USD Deposit Token on Coinbase's Base Blockchain

JPMorgan Chase & Co. has launched a pilot for its permissioned USD deposit token, JPMD, on Base—the Ethereum layer-2 network developed by Coinbase. The move marks the first deployment of JPMorgan's Kinaxis distributed ledger technology on a public blockchain, positioning the token as an institutional alternative to stablecoins.

The bank recently filed a trademark application for JPMD, signaling its ambitions in digital asset trading, transfers, and payments. This follows the earlier introduction of JPM Coin, a private blockchain solution for settling cash legs of trades. The initiative underscores growing institutional interest in blockchain-based settlement ahead of anticipated U.S. stablecoin regulations.

Base's sub-second, low-cost infrastructure enables near-instant transfers between JPMorgan's institutional clients. Coinbase, which serves as a JPMorgan client, highlights the collaboration as a bridge between traditional finance and on-chain ecosystems.

Ethereum Whale Accumulates $127M in ETH Amid Market Dip, Signaling Bullish Conviction

A strategic Ethereum investor has deployed $127 million to acquire 48,825 ETH at an average price of $2,605 during a brief market downturn. This substantial accumulation follows the whale's prior $30 million profit from ETH trades, demonstrating calculated positioning rather than speculative gambling.

Market turbulence from Middle East geopolitical tensions and the expiry of 242,000 ETH options on Deribit created temporary weakness. The whale's decisive MOVE helped stabilize sentiment, with the put-call ratio holding at 1.20 and max pain positioned at $2,700. Technical analysis suggests key levels to watch: resistance at the 38.2% Fibonacci level ($2,568) and 50 EMA ($2,580), with support at the 23.6% Fib ($2,518). A breakout could target $2,800, while breakdown risks a test of $2,400.

JPMorgan Launches USD-Backed JPMD Stablecoin on Ethereum's Base Network

JPMorgan Chase & Co. has officially unveiled its permissioned stablecoin, JPMD, on Ethereum's Base network—a layer-2 scaling solution backed by Coinbase. The USD-backed token, designed for institutional clients, marks the bank's strategic pivot into digital assets despite its historical skepticism toward cryptocurrencies.

The move coincides with impending U.S. regulatory clarity, as the Senate prepares to vote on the GENIUS Act to govern stablecoins. Treasury Secretary Scott Bessent projects the $261 billion stablecoin market could balloon to $3.7 trillion by 2030, driven by institutional demand for Treasury-backed digital liquidity.

JP Morgan to Pilot JPMD Deposit Token on Ethereum's Base Network

JP Morgan Chase is preparing to launch a blockchain-based deposit token, JPMD, on Coinbase's Ethereum layer-2 network Base. The token, initially available to approved institutional clients, represents a claim against the bank's deposits and aims to streamline payment settlements.

The pilot transfer to Coinbase marks a strategic move into regulated digital assets. JPMD's development since 2023 reflects growing institutional interest in blockchain-based financial instruments, though broader availability remains subject to regulatory approval.