Crypto & Blockchain Daily Brief Thursday, July 17, 2025

Ethereum (ETH) has experienced a surge, surpassing the $3,100 mark amidst bullish momentum and growing institutional interest in the cryptocurrency. The price increase comes after a period of consolidation and sideways trading, with ETH showing signs of breaking out and moving towards higher price levels. Various factors have contributed to this upward movement, including increased interest from institutional investors and the overall positive sentiment in the cryptocurrency market. One of the driving forces behind Ethereum's price surge is the growing interest from institutional investors who are increasingly recognizing the potential of Ethereum as a valuable asset. Institutional interest has been on the rise in the cryptocurrency space, with many institutions looking to diversify their portfolios and gain exposure to digital assets like Ethereum. Additionally, the overall bullish momentum in the cryptocurrency market has also played a role in Ethereum's price increase. Bitcoin, the leading cryptocurrency, has been trading at high price levels, which has helped boost confidence and interest in other cryptocurrencies like Ethereum. As a result, Ethereum has benefited from the positive market sentiment and has seen a significant increase in its price. Overall, Ethereum's surge past $3,100 reflects the growing interest and confidence in the cryptocurrency, driven by institutional investors and positive market momentum. With Ethereum continuing to gain traction and recognition as a valuable asset, the future looks promising for the second-largest cryptocurrency by market capitalization.

BitMine, a cryptocurrency mining company, has announced its decision to focus on Ethereum mining by investing over $500 million in the cryptocurrency. The company has chosen Ethereum due to its potential for growth and strong network support. BitMine believes that Ethereum's transition to a Proof-of-Stake consensus mechanism will make it more energy-efficient and secure, leading to increased adoption and value. The company's decision to invest heavily in Ethereum comes at a time when the cryptocurrency market is experiencing significant fluctuations. BitMine sees Ethereum as a reliable long-term investment that will continue to grow in value. By allocating a large portion of its resources to Ethereum mining, BitMine aims to capitalize on the cryptocurrency's potential for long-term profitability. BitMine's investment in Ethereum is part of its broader strategy to expand its presence in the cryptocurrency mining industry. The company has expressed confidence in Ethereum's future prospects and believes that its investment will pay off in the long run. By focusing on Ethereum mining, BitMine aims to establish itself as a leading player in the cryptocurrency mining sector. Overall, BitMine's decision to double down on Ethereum with a significant investment demonstrates its confidence in the cryptocurrency's future growth potential. The company's strategic move reflects its belief that Ethereum will continue to be a valuable asset in the cryptocurrency market, making it a lucrative investment opportunity for BitMine.

Ethereum's price has surged past $3,100, reaching its highest level in over two months. This increase is attributed to bullish momentum in the market as well as growing institutional interest in the cryptocurrency. Ethereum's price has been on an upward trend in recent weeks, outperforming other major cryptocurrencies. The surge in price comes as Ethereum prepares for a major upgrade known as EIP-1559, which is set to go live in August. This upgrade is expected to make Ethereum more efficient by changing how transaction fees are calculated and reducing the supply of the cryptocurrency. Additionally, the growing interest from institutional investors, including the European Investment Bank and Goldman Sachs, has contributed to the positive sentiment surrounding Ethereum. These institutions are reportedly looking to explore ways to incorporate Ethereum into their services, further boosting its value. Overall, the combination of bullish market momentum, anticipation for the EIP-1559 upgrade, and institutional interest has propelled Ethereum's price to new heights. This surge in price reflects the increasing mainstream adoption and recognition of Ethereum as a valuable asset in the cryptocurrency market.

Crypto trading technology firm Talos is in the process of acquiring Coin Metrics, a data platform specializing in cryptocurrency. The deal is valued at over $100 million, according to a source familiar with the matter. Talos aims to enhance its offerings by integrating Coin Metrics' data platform, which provides valuable insights and analytics related to digital assets. The acquisition is part of Talos' larger strategy to expand its presence in the cryptocurrency market and improve its technology and services. Coin Metrics' data platform will enable Talos to offer more comprehensive and accurate data to its clients, allowing them to make informed decisions when trading digital assets. Additionally, the acquisition will help Talos strengthen its position in the competitive cryptocurrency trading technology sector. Both Talos and Coin Metrics have established themselves as reputable players in the cryptocurrency industry, with Talos providing trading infrastructure for institutional investors and Coin Metrics offering data solutions for digital assets. By joining forces, the two firms hope to create a more robust and integrated platform that meets the evolving needs of the cryptocurrency market. Overall, the acquisition of Coin Metrics by Talos represents a significant development in the cryptocurrency industry, signaling the growing importance of data analytics and technology in digital asset trading. The deal is expected to benefit both companies and their clients by combining their expertise and resources to deliver innovative solutions in the fast-paced world of cryptocurrency trading.

The article discusses the introduction of the "Genius Act" in the U.S. Congress, which aims to provide a path to citizenship for foreign nationals who hold advanced degrees in science, technology, engineering, and mathematics (STEM) fields. The bill was introduced by Representatives Zoe Lofgren and John Curtis in response to the growing demand for highly skilled workers in the U.S. and the need to retain top talent in the country. The Genius Act proposes to grant permanent residency to foreign nationals who have earned a master's or doctoral degree in a STEM field from a U.S. institution, have a job offer in a related field, and pass a background check. The bill also includes provisions to ensure that applicants have not been involved in espionage or other activities that would pose a threat to national security. The article highlights the bipartisan support for the Genius Act, with lawmakers from both sides of the aisle recognizing the importance of attracting and retaining highly skilled workers to drive innovation and economic growth in the U.S. Additionally, the bill has received endorsements from a wide range of organizations, including tech companies, universities, and advocacy groups. Overall, the article emphasizes the potential benefits of the Genius Act in addressing the shortage of skilled workers in STEM fields, promoting diversity and inclusion in the workforce, and strengthening the U.S. economy. By providing a pathway to citizenship for foreign nationals with advanced STEM degrees, the bill aims to harness the talents of these individuals to drive innovation and competitiveness in the U.S.