Market Trends & Dynamics - Bitcoin hit a new all-time high, reaching $113,820 [1] - ETH/BTC pair increased by 7-8% during the week, indicating strong performance relative to Bitcoin [1] - There's a noticeable sentiment shift towards bullishness on ETH within the Ethereum community and even among some Bitcoin-focused traders [1][2] - ETH treasury companies are gaining traction, with significant announcements and mainstream finance attention [1][3] Investment Opportunities & Potential Risks - ETH treasury companies experienced substantial gains, with some up between 15-50% [3][4] - ETH ETF flows are nearing Bitcoin ETF flows, with only a $4 million difference on a particular day [3] - Pump Fun is launching the Pump token through an ICO, aiming for a $4 billion valuation [1][6] - Solana's ETF saw $75 million in inflows in its first week [5][6] Company & Project Analysis - A Bitcoin whale moved $8.6 billion worth of Bitcoin from an early address (circa 2010-2011), sparking speculation and rumors [1] - Mainstream attention on Ether is increasing, with figures like Joe Lubin appearing on CNBC and Fidelity releasing reports framing blockchains as emerging economies [3][5] - Monad Foundation acquired a stablecoin infrastructure company, Portal, indicating a move towards having a native stablecoin [19][21] - Phantom wallet integrated Hyperliquid for perpetual trading, potentially impacting Solana's ecosystem [10][12] Regulatory & Legal Landscape - The US government dropped the case against Tornado Cash, establishing a precedent that smart contracts cannot be illegal [15][16] - Regulators in the EU are scrutinizing tokenized equities, particularly private shares, raising legal concerns [30] - Hester Peirce is raising concerns about Liechtenstein-domiciled SPV stock IOU's, cautioning against potentially problematic tokenized stock structures [37]