Coinbase Strengthens Role in Ethereum Ecosystem Amid ETH’s 80% Surge

Coinbase (COIN) is emerging as a pivotal player in the ethereum ecosystem, according to a recent Bernstein report. Ethereum's native token, ETH, has seen an impressive 80% price surge since June 5, fueled by Circle's listing and increasing recognition of Ethereum's dominance in stablecoin issuance. Coinbase further solidifies its position by operating Base, one of Ethereum's largest Layer 2 chains, which processes over 9 million daily transactions, primarily in stablecoins and other decentralized applications. This development underscores Coinbase's strategic alignment with Ethereum's growth trajectory, positioning it as a leading public company in the crypto space. As of August 2025, the synergy between Coinbase and Ethereum continues to drive innovation and adoption in the blockchain industry.

Coinbase Emerges as Key Ethereum Ecosystem Player, Bernstein Reports

Coinbase (COIN) is solidifying its position as a leading public company aligned with Ethereum's expanding ecosystem, according to Bernstein research. Ether (ETH) has surged 80% since June 5, driven by Circle's listing and growing recognition of Ethereum's role in stablecoin issuance.

The exchange operates Base, one of Ethereum's largest LAYER 2 chains, processing over 9 million daily transactions across stablecoins, trading, and financial applications. While Base lacks a native token, its ETH-denominated gas fees contribute to an annualized $75 million revenue stream for Coinbase.

Base has become the preferred chain for token deployments, with Coinbase's integration of these assets boosting ETH-based trading activity. The recent launch of the Base App wallet further deepens the exchange's Ethereum exposure, facilitating crypto transactions and stablecoin payments.

BitMine Immersion Emerges as Largest Ethereum Treasury with $4.96B ETH Holdings

BitMine Immersion Technologies now holds 1,150,263 ETH worth $4.96 billion, becoming the world's largest Ethereum treasury. The accumulation was completed in just five weeks after launching its ETH Treasury strategy on June 30th.

The company recently added 317,126 ETH to its holdings, crossing the 1 million ETH threshold. BitMine now ranks as the third-largest crypto treasury globally, trailing only MicroStrategy and Mara Blockchain in total holdings.

"BitMine increased its ETH position by $2.0 billion in a single week," said Tom Lee, Fundstrat Chairman and BitMine Board Chair. The firm aims to eventually control 5% of all Ethereum - approximately 6 million ETH.

BitMine's stock has seen surging trading volume, emerging as one of the most actively traded equities in U.S. markets. The company attributes this liquidity to its rapid growth in net asset value per share while maintaining stock tradability.

S&P Global Assigns Historic B- Rating to Sky Protocol in DeFi First

S&P Global Ratings made history by assigning a B- credit rating with stable outlook to Sky Protocol, marking the first-ever institutional assessment of a decentralized finance platform. The Ethereum-based protocol, formerly known as Maker, issues the USDS stablecoin with $7.1 billion market capitalization.

The rating signals growing convergence between traditional finance and DeFi ecosystems. Sky Protocol's operations include collateralized lending and savings vaults through its sUSDS product. S&P's Jonathan Manley described the evaluation as a watershed moment for market transparency.

This development coincides with S&P's broader push into blockchain finance, including recent ratings of tokenized treasury funds. The agency separately assessed USDS's peg stability at 4 out of 5, noting constrained but functional maintenance capabilities.

Meme Coins Gain Traction as Altcoin Season Momentum Builds

After months of speculation, altcoin season appears to be materializing as capital rotates into Ethereum and high-beta meme coins. The total market cap of alternative cryptocurrencies shows signs of sustained accumulation rather than fleeting volatility.

Ethereum's recent accumulation patterns serve as a leading indicator. A single anonymous wallet acquired 221,166 ETH worth $946.6 million within seven days, including a $212 million purchase executed in one day. This institutional-scale accumulation historically precedes altcoin rallies.

Meme coins emerge as primary beneficiaries of this liquidity shift. Their proven capacity for rapid price appreciation and ability to attract speculative capital position them as focal points during market upswings. The sector's volatility offers both opportunity and risk as traders position for potential 10x moves.

Ethereum ETPs Drive $572M Crypto Investment Inflows as US Retirement Policy Sparks Rally

Crypto investment products rebounded sharply last week with $572 million in net inflows, led by Ethereum. The turnaround followed initial outflows tied to weak U.S. payroll data, before a policy shift on retirement accounts reversed sentiment.

U.S. 401(k) plans gained approval to include digital assets after an executive order from President Trump, triggering $1.57 billion in late-week inflows. North America dominated the recovery, with the U.S. accounting for $608 million of weekly inflows and Canada adding $16.5 million.

European markets lagged, with Germany and Sweden seeing outflows while Switzerland posted modest gains. Asia-Pacific flows remained positive but muted, with Hong Kong at $1.4 million and Australia at $7.9 million.

Ethereum products captured record-breaking demand as institutional investors positioned for the retirement account expansion. The U.S. policy shift now propels year-to-date crypto inflows past $29 billion stateside.

FG Nexus Acquires $200M in Ether Targeting 10% Network Stake

FG Nexus, the digital assets division of Fundamental Global Inc., has purchased 47,331 ETH worth approximately $200 million as part of a strategic push to become a top corporate holder of ether. The acquisition, executed at $4,228.40 per token, follows an initial 6,400 ETH buy on July 30 to mark Ethereum's 10-year genesis block anniversary.

The firm has reallocated all net proceeds from a recent $200 million private placement into ETH, with shareholder value now tied to 'ETH Yield'—ether generated per share. Lookonchain data reveals one entity aggressively accumulating ETH, including a $194 million purchase on Monday as prices rallied toward $4,310.

FG Nexus plans to amplify yields through staking and restaking strategies, positioning itself as a conduit for Ethereum-based finance including tokenized RWAs and stablecoin opportunities. 'We aim to control 10% of ETH's network stake,' stated CEO Kyle C., signaling ambitions to rival major institutional holders.