Chart of the week

As referenced in Hashdex’s latest article, Ethereum’s recent Pectra upgrade has aligned with a stellar performance for its native asset, ether (ETH), which achieved its strongest weekly gain since 2021. While the broader crypto market has benefited from a temporarily calmer geopolitical environment amid global trade tensions, ETH’s outperformance relative to overall crypto markets is particularly notable. 

Such a rally can be mainly attributed to two factors: first, a recovery from prolonged price suppression and negative market sentiment; second, the Pectra upgrade’s significant enhancements to Ethereum’s scalability. These improvements position the network to support growing adoption, resonating with Eric Trump’s observation at TOKEN2049 that crypto is entering its “dial up phase” of mainstream integration. 

 

 

For investors, it’s important to underscore that despite ETH’s recent gains suggesting a potential reversal in its USD and BTC pairs, sustained momentum, possibly with consolidation and a further move in weeks, is needed to confirm a lasting recovery.

 

 

Market Highlights

 

 

Ethereum Pectra upgrade adds new features

Ethereum has successfully implemented the Pectra upgrade, marking its most significant network enhancement since the 2022 Merge, aiming to improve transaction efficiency, wallet usability, and staking mechanisms.

This marks another step in Ethereum's roadmap toward becoming a blockchain capable of supporting global adoption with strong security. 

 

 

First state to sign Bitcoin Reserve Bill into law

New Hampshire has signed a bill requiring the state treasury to explore holding Bitcoin as a reserve asset.

This legislative step reflects growing state-level interest in Bitcoin’s role as a financial hedge and could set a precedent for broader adoption in public finance.

 

 

Stripe to launch stablecoin financial accounts

Stripe had already introduced an AI model to enhance payment processing and fraud detection, while deepening its crypto footprint through broader USDC support.

Now, with a stablecoin balance on Stripe, clients get dollar access and can send and receive funds globally in both US dollars and stablecoins in over 100 countries.