Ethereum Potential, Bitcoin Risks, and Macro Debt Crisis

Key Crypto and Macro Market Developments

Ethereum Co-Founder Joseph Lubin Claims ETH Could Surpass Global GDP Ethereum co-founder Joseph Lubin stated that Ethereum (ETH) is significantly undervalued and could eventually surpass global GDP ($113.8 trillion) as it forms the foundation for a “hybrid human-machine society” enhanced by artificial intelligence.

CryptoQuant Warns of Potential Bitcoin Drop to $81K-92K CryptoQuant warns that Bitcoin could fall to between $81K and $92K due to declining demand. ETF inflows have dropped by 60% since April, whale accumulation has halved, and short-term holders have sold approximately 800,000 BTC since May.

Arizona Senate Passes Bitcoin Reserve Bill The Arizona Senate has approved a bill that would allow the state to establish a reserve using confiscated cryptocurrencies. The bill now proceeds to the House of Representatives for further consideration.

South Korea Plans to Approve Crypto ETFs and Won-based Stablecoins South Korean authorities plan to approve cryptocurrency ETFs and stablecoins based on the Korean Won in the second half of 2025, potentially increasing crypto adoption and investment in the region.

Semler Scientific Plans Major Bitcoin Accumulation Semler Scientific announced plans to accumulate 10,000 bitcoins by the end of 2025, 42,000 by the end of 2026, and 105,000 bitcoins by the end of 2027, significantly expanding their digital asset holdings.

Bitwise CEO: Bitcoin’s Main Competitors Are Government Bonds, Not Gold Hunter Horsley, CEO of Bitwise, stated that Bitcoin’s primary competition isn’t gold but rather government bonds. He argued that both Bitcoin and gold serve as apolitical stores of value, whereas government bonds represent “political stores of value.”

TRON Founder Discusses Blockchain Potential with US Digital Assets Director TRON founder Justin Sun met with the U.S. Executive Director for Digital Assets, Bo Hines, to discuss TRON’s potential and blockchain technology’s role in bolstering U.S. leadership in the cryptocurrency sector.

Bored Ape Yacht Club Launches Telegram Stickers Bored Ape Yacht Club announced the release of official Telegram stickers, expanding their digital presence and engagement with the community.

Macro Market Updates

Trump Criticizes Number of US Holidays, Citing Economic Costs Former President Donald Trump criticized the number of non-working holidays in the United States, claiming they cost billions of dollars due to business closures. He suggested that reducing the number of holidays could benefit the economy.

US National Debt Surpasses $37 Trillion for the First Time The United States national debt has surpassed $37 trillion for the first time in history, highlighting ongoing fiscal challenges and prompting concerns over long-term economic stability.

Institutional Investors’ US Dollar Holdings at 20-Year Low A recent report revealed that 31% of institutional investors hold historically low proportions of U.S. dollars in their portfolios, the highest in 20 years. The U.S. Dollar Index has declined 9% year-to-date, marking the worst first-half performance since 1986.