Recently, Ethereum L2 optimism has held an event called superstack, providing opportunities to operate with new currencies such as USDT0, and I am trading with it as well.

In Ethereum L2, there are various chains such as base, unichain, op, and soniumn, and I feel that being able to touch them is a good opportunity to learn about the Ethereum ecosystem.

I personally hold more Ether than Bitcoin.

Bitcoin has risen sharply from about $101,000 four days ago and is now trading around $109,000 just below the all-time high of $110,000.

The latest price movements are highly volatile, fluctuating between $110k and $100k.

Bitcoin news includes

- A Bitcoin reserve bill was passed in Texas with the governor's signature awaiting

- The current SEC chair, Mr. Powell, stated "self-custody" for cryptocurrencies and the market reacted positively

- A company purchasing Bitcoin, Strategey, has all of its purchased Bitcoin in unrealized gains

- MicroStrategy purchased 1,045 BTC

Thus, the Bitcoin market remains active as described above.

Next, on Ethereum, the price is currently around $2,700, staying within the range established since May.

If this price band breaks to the upside, it seems likely to rise further.

Although the recent surge is strong, compared to Bitcoin, which is maintaining its all-time high, Ethereum's performance from the peak is still relatively lower.

◯ Fifteen consecutive days of record ETF inflows for Ethereum

The price of Ethereum has risen since the Petra upgrade, and it is currently experiencing fifteen consecutive days of large ETF inflows.

In the past month, the price has risen by nearly 40%, likely due to increased demand from institutional and retail investors.

After last Friday's trading, it recorded $3.3 billion.

Indeed, recently, when prices dropped and rebounded, Ethereum often rose more than Bitcoin.

◯ Ethereum staking amount reaches a record high.

The amount of staked ETH has reached a new high, suggesting growing long-term confidence in Ethereum.

According to Beacon Chain data, as of this week, more than 34.6 million ETH (about $9 billion) are locked in Ethereum's Proof of Stake (PoS) system. This accounts for about 28% of the current total supply of roughly 120.72 million ETH.

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Ethereum yields are currently around 2–4%, which isn't very high for cryptocurrencies, but compared with traditional finance yields, it is relatively high.

If Ethereum ETF staking begins in the future, holders will receive yields, which could be another factor driving Ethereum higher.

It was news that BlackRock sold BTC ETFs and purchased Ethereum ETFs last week.

◯ Large companies are considering adopting stablecoins

- Apple, X (formerly Twitter), Airbnb, and Google are reportedly in early discussions with crypto firms about integrating stablecoins to reduce transaction costs, according to Fortune Crypto

- They are considering whether to introduce dollar-pegged stablecoins, alongside other tech giants like Meta and Uber, as regulation tightens and investor interest in stablecoins grows

Tech giants Apple, X, Airbnb, and Google are reportedly conducting preliminary talks with crypto companies about integrating stablecoins to cut transaction costs and enable cheaper international settlements, Fortune Crypto reported on Thursday, citing anonymous sources

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(This article has been distributed since 2016)

Virtual currency market analysis [June 11]