📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Recently, Ethereum (ETH) has stood out in the crypto assets market, showcasing impressive performance. Its market capitalization has surpassed that of the well-known streaming giant Netflix, marking an important milestone in the digital asset space.
This breakthrough is attributed to a substantial influx of funds from institutional investors. On August 11, the U.S. exchange-traded fund (ETF) tracking Ethereum recorded a historical net inflow of $1.02 billion in a single day, reflecting strong confidence in the market towards Ethereum. Notably, financial giants such as BlackRock and Fidelity have increased their holdings of related assets for five consecutive days, further boosting Ethereum's upward momentum.
In the past 24 hours, the price of Ethereum has soared by 7.9%, while the increase over the past month has reached as high as 52.7%. This sustained upward trend has severely impacted short sellers, with the amount of short positions liquidated exceeding $250 million.
The strong performance of Ethereum not only reflects its technological advantages as a smart contract platform but also highlights the growing attention of institutional investors towards the blockchain and decentralized finance (DeFi) space. As more traditional financial institutions enter the Crypto Assets market, we may see further increases in digital asset valuations and significant changes in the market landscape.
However, investors still need to be cautious and closely monitor changes in the regulatory environment and market volatility risks. Nevertheless, Ethereum's latest breakthrough has undoubtedly injected new vitality and confidence into the entire Crypto Assets industry.