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[Joseph Chalom @joechalom]

Ethereum is entering a new phase: Organizations focused on infrastructure, go-to-market, and more are launching to accelerate the growth of the coming institutional supercycle.

Here is what just happened in this new Ethereum era, and how @Sharplink is helping to drive it forward. 🧵

[Matt Sheffield @sheffieldreport]

The EF wrote this for the people whose job it is to be skeptical, not those of us who already believe. It reads like an internal due diligence memo a central bank would build before picking a settlement layer.

It's objective, and unapologetic in comparing Ethereum to other chains. It explains the importance of different evaluation criteria to set the table before laying out the facts on Ethereum's dominance:

Page 5: Quantifies security cost. Finalizing a fraudulent transaction on Ethereum costs about $50.7B to pull off, against $76B staked. Your stake gets slashed on the way out. That's more than Solana, BNB Chain and TRON hold combined.

Page 28: Want to know who really controls a chain Look at genesis distribution.

ETH: ~17% to insiders. Other chains were 50-90% to insiders. Check the charts.

Page 37: Zero outages since 2015. None of the other players compared can say that.

Page 38: Ethereum runs 5+ independent clients. Other L1s compared run 1-2. They explain the importance of client diversity too.

Page 47: "Public blockchains aggregate global liquidity.
Stablecoins, tokenized securities, and
financial primitives on Ethereum are
immediately usable across a broad market of
participants. Permissioned ledgers remain
liquidity-constrained by design. Even when
technically functional, they often fail to
achieve economic relevance beyond the
initiating consortium."

It goes on from there. This is a great information source that I hope becomes one of the first resources governments and institutions reference when considering their settlement network.

[Sharplink @Sharplink]

This week Sharplink acquired 10,000 ETH, bringing total holdings to 886,725 ETH (worth ~$1.4B at today's ETH price of $1,570).

We also repurchased 2,132,773 shares for roughly $10M at an average price of $4.69, part of our buyback program that has now repurchased 4,071,223 common shares since August 2025.

Acquire ETH. Buy back stock when it is undervalued.

This is Ethereum with an edge.

https://t.co/2OO8HJkwLh

[Joseph Chalom @joechalom]

Extremely excited to announce our support of @ethlabs_org alongside @fundstrat (@BitMNR), @ethereumjoseph, and other Ethereum stakeholders.

Founded by former senior Ethereum Foundation researchers, this independent nonprofit will ready Ethereum for the next phase of institutional adoption.

Sharplink is supporting a permanent, independent, and growing home to actively advance the Ethereum protocol.

Stay tuned for more exciting announcements to come.

This is the Summer of Ethereum Love.

https://t.co/UWcTvDAcAc

[Jesse Myers @Croesus_BTC]

STRC down to $82.6 today. Here's my read:

1. Strategy is fine. If everything stays as is, they can pay STRC dividends for 32 years. If BTC appreciates at ~2% CAGR, they can pay dividends indefinitely.

2. Why the sell-off? This appears to be a liquidation cascade.

Over the last 6 months, the narrative became that STRC volatility was reducing, and price began to spend all its time in $99-100 range.

This invites leverage. If you expect the price to always be north of $95, you can take on 20x leverage with your portfolio to buy more STRC and dramatically increase the yield on your portfolio.

This works great, until it doesn't.

STRC is designed as a free-market asset. When attention shifted to SATA and STRC price flagged, it may have raised the attention of opportunistic short-selling hedge funds.

By shorting aggressively, they could push the price down and start triggering margin calls and liquidations from folks who aggressively levered up their STRC positions.

The price action today is a clear liquidation cascade, rapidly pushing prices lower, in turn triggering additional liquidations.

3.
What happens now? The market will heal itself.

Opportunistic hedge funds will recognize that this is a firesale and the fundamentals are unchanged for STRC and step in as buyers. Shorts will close, becoming buyers. Individuals are getting a tremendous entry price for long-term holding STRC shares.

Buyers at this level will get ~13.7% effective yield. If STRC trades back to $100 and they sell, they get an easy +18% return.

4.
What will Strategy do?

Strategy will likely increase the dividend rate on June 30 - maybe to 11.75% but possibly to 12%. Buyers at the current price level then would get 14.2% effective yield from that point forward.

Strategy may also step in to buy STRC shares back. They could do this by issuing new shares of MSTR (currently at 1.14 mNAV) or by taking on traditional debt and deploying those funds to buy discounted STRC shares on the market.

If/when STRC trades back to $100, Strategy could then re-issue those STRC shares. The ~$15 delta per share could be used to buy BTC as pure accretion to MSTR holders, with no net change to amplification.

No doubt that Saylor has already at least considered this, and it wouldn't surprise me if they're currently doing this.

5.
In summary...

The market is freaked out that this depeg is like Terra/Luna... but this is not an asset like that. Strategy's balance sheet determines whether STRC continues to receive dividend payments... and Strategy's balance sheet is completely unchanged.

This is a leverage wipeout.

From this, the market will learn that Digital Credit is mostly very low volatility. But because it is a free market asset, the longer that a Digital Credit instrument trades within a tight range to par... the more leverage will inevitably pile up as people get greedy.

And that creates the conditions for a leverage wipeout depeg. Following that, the instrument will make its way back to par value as the market heals itself and recognizes that the dividend payments will continue uninterrupted because the issuer's balance sheet is unaffected.

[SamAlτcoin.eth ☀️ @SAMALTCOIN_ETH]

Why $ETH over $SOL?

"It wasn't even a question for us"

Bitcoin OG Erik Voorhees was asked why Venice AI chose Base instead of Solana.

Says the Ethereum ecosystem is "far more authentic, resilient and robust" than any other smart contract platform.

[Token Terminal 📊 @tokenterminal]

Ethereum is losing the tokenized RWA race.

[tim-clancy.gwei @_Enoch]

Ethereum doesn't play a narrative game because it has every narrative. It is the most decentralized network, with the widest geographic and stake-weighted validator distribution. It is the most secure network, protected by a pool of slashable Ether that even now gives it a raw total cost of attack that far outstrips all else. It stands alone as having effective client diversity, an achievement of ecosystem coordination that reduces the chance of a software bug becoming a protocol bug. Ethereum has non-probabilistic finality without sacrificing liveness, the self-healing mechanism of the inactivity leak, a sharded data availability layer, and perfect uptime.

Ethereum is the World Computer, it is the cryptographic bulletin board with guaranteed liveness, it is the unstoppable neutral verifier of proofs, it is the hardest database in existence. It is the global settlement layer for finance, finance that pretends to be decentralized, and decentralized finance. It is where you can vote, collaborate with friends, keep your art, keep your life savings, and record your life's works. Ethereum is the Unreasonable Man's katechon of liberatory technology in a world increasingly eroding Free speech, Free software, Free association, and Free markets.

Ethereum did this without taking shortcuts; scaling has always remained conservative to keep the CROPS requirement of at-home self-verification not only feasible, but easily feasible. It does this without hiding its problems; MEV is a scourge but it is transparent, where it can be reasoned about. It takes the time to prioritize important hardening features like FOCIL even when it requires the painful decision not to focus on other improvements.

Ether doesn't play a narrative game because it has every narrative. It is programmable. It is an unconfiscatable store of value with predictable and sustainable monetary policy. It is the pristine decentralized asset of the greatest network, by which virtue it is pristine collateral in decentralized finance. This makes Ether private nonvolatile money, able to mint a number of anonymous stable cash equivalents that are cheaply transferable anywhere and everywhere. It is an inherently productive asset in both its own flourishing ecosystem and as the wage of soldiers receiving the minimal viable pay to secure us all.

The future is incredibly bright. We have all of the tools we need and simply need to actually build liberatory technology with them. Ethereum upholds incredible underlying CROPS promises, but not everything that exists atop it is accessible in a CROPS way. The sovereignty of most users is eroded bit by bit in various ways and various trust assumptions. There is no reason that we cannot do better, there is no reason that we cannot fix this, and I am excited to dedicate my life to this cause.

[Rohit Chauhan @degenrsc]

https://t.co/NKG9DgSO7P

[Ethereum Community Foundation @ethcforg]

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

[plunge @xcoldplunge]

Most people still holding $eth are likely ready to go down with the ship; at least I am.

Ethereum is a bastion of freedom and self-sovereignty in an increasingly controlled world.

No amount of number go down could get me to sell. Even with most of my net worth in eth, I would hold it to literal zero.

I would rather take a chance on eth and be wrong than give up hope on the most inspiring invention of my generation.

Come zero or valhalla, I'll be here.

Believe in somΞthing.

[Hayden Adams 🦄 @haydenzadams]

Woke up extremely bullish on DeFi and Ethereum today

Uniswap launched in the 2018 bear, when Ethereum sentiment was at all time lows

Uniswap and other defi projects relentlessly built through that bear market and proved how powerful Ethereum can be, catalyzing defi summer and everything since

Now vibes are down bad again and Uniswap intends to build our way out of it. Last time it was by proving defi is possible. This time it will be by proving defi is inevitable.

The internet brought two disruptive changes: existing businesses moving onto the internet, and the formation of new internet-native businesses

The same duality will exist for defi: the tokenization of all existing assets, and a growing vibrant economy of crypto native assets. And it’s all happening right now, with more and more assets being brought onchain, increasing the value and productivity of crypto native assets.

As this digital economy grows, Defi is being integrated everywhere - payment processors, brokerage accounts, asset issuers. It won't stop until we eat the entire global economy

Uniswap the liquidity layer + Ethereum the settlement layer. The perfect combination of low counterparty risk, permissionless, programmable infrastructure

And all this will result in huge growth in protocol volumes and fee generation. Which reminds me:

UNI burn hit all time highs today, after several new sources of protocol fees came online.

And there are many more to come: v4, uniswap x, aggregator hooks, more chains, etc

Now add in all the new assets coming onchain

We're still at the beginning 🦄

[John Gillen - WartimeEthereum.eth @BitcoinJesusETH]

There are one hundred thousand people who still care about Ethereum.

I'm grateful to be part of this community and this conversation.

The ticker is ETH

Let's keep getting better💪

Stay safe. Stay educated. Stay bullish.

WartimeEthereum.eth

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

While Saylor is testing selling BTC...

and Charles is delivering eulogies for Cardano...

and Solana’s validator count continues to decline and the memecoin casino is over...

and BTC miners are entering existential panic mode...

and while everyone is freaking out about price...

ETH’s supply staked just hit a new ATH.

[Leon Waidmann @LeonWaidmann]

Every major tokenized fund picked the same chain! 📊

The institutional roster, in order of arrival:
🔹 1. BlackRock BUIDL
🔹 2. Fidelity FDIT
🔹 3. J.P. Morgan MONY
🔹 4. BlackRock OnChain Shares (just filed)

All on Ethereum. Tokenized fund value there: $19.3B, from near 0 in two years.

Data via @tokenterminal

[Bit Digital, Inc. NASDAQ:BTBT @BitDigital_BTBT]

Bit Digital recognized ETH as a core strategic balance sheet asset years before institutional consensus embraced it as the settlement infrastructure rails for crypto.

The thesis is straightforward: ETH usage and adoption are expanding, while the price remains compressed. Stablecoin settlement, tokenization, and onchain finance continue to scale, regardless of where ETH trades.

When the infrastructure you've been accumulating becomes cheaper, and its utility grows, the capital allocation decision is clearer. Our stack has been diligently built through multiple cycles, and our recent ETH purchase continues to build on that strategic asset framework.

We were early to the view that ETH belongs on a public company's balance sheet. Our recent purchase is a continuation of that thesis at a price the market made available.

[The Wolf Of All Streets @scottmelker]

STANDARD CHARTERED COMPARES ETHEREUM $ETH TO AMAZON $AMZN DURING 2001 DOT-COM CRASH, SAYS ETH WILL EVENTUALLY CATCH UP TO ITS INTERNAL METRICS

[Joseph Lubin @ethereumJoseph]

Very thoughtful piece from a man who’s been on the inside of TradFi for decades and has brought his wisdom and perspective to the intersection of TradFi and Ethereum at Sharplink.  He is a voice of reason and a steady hand.  He’s built an outstanding team that can weather the lulls and capitalize on the surges.

The institutional group at Consensys is doing the work: bringing Ethereum to major global financial market infrastructure hubs and major financial institutions.

TradFi keeps choosing Ethereum, but TradFi doesn't announce that they're going to announce something. TradFi comprehensively covers the bases and then launches.

So Joseph's steadfast outlook is very well informed. The surge is coming.

[Sam Tabar @SamirTabar]

https://t.co/3SzH7YpdyI

[Joseph Chalom @joechalom]

https://t.co/CEhi4vF5rL