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.
ETH-3.28%
DEFI-6.73%
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NFTArchaeologisvip
· 21h ago
Digital Money is once again reenacting the historical value of collecting bronze wares from the Shang and Zhou dynasties.
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gas_guzzlervip
· 08-13 21:12
Bull, Netflix has been left behind.
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LonelyAnchormanvip
· 08-13 15:50
This group of suckers wants to flip again.
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OnchainDetectivevip
· 08-13 15:46
enter a position buy buy buy Just ask if you are anxious
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UnluckyMinervip
· 08-13 15:39
Happy to have negative assets this month still using Huabei
View OriginalReply0
GateUser-bd883c58vip
· 08-13 15:31
No time even to Cut Loss.
View OriginalReply0
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