Overview

• Joseph Lubin predicted that major banks will stake ETH, run validators, operate L2s and L3s, and shift core business processes onto Ethereum smart contracts.
• Lubin also said ETH could eventually surpass Bitcoin’s monetary base, framing Ethereum as the leading “decentralized trust” asset.
• The Ethereum Community Foundation published the BETH design, an immutable ERC-20 that mints 1:1 when ETH is provably burned with no redemption back to ETH.
• Corporate treasuries have accelerated accumulation, with about 71 companies holding roughly 4.44 million ETH, led by BitMine Immersion and SharpLink at multi‑billion‑dollar positions.
• Multiple spot ETH ETFs have been approved, with asset managers like BlackRock and VanEck buying billions for clients, and institutional purchases this year approaching 5% of ETH supply.