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#Gate广场圣诞送温暖 family, ETH is absolutely going wild this week! Three major bullish news items just dropped, the hype is through the roof, and it feels like ETH is about to take off!
SWIFT Bank has officially announced that in 2025, they will start integrating with Ethereum’s Layer 2 networks! Plus, 30 top-tier banks are joining in as well. With moves like this, I think XRP is pretty much out of chances. Traditional finance is making a big push into crypto, and for ETH, this is a hugely significant step. It feels like ETH is about to see massive growth!
Now for the second piece: the Chief Investment Officer came out and said that the Fusaka upgrade scheduled for December is a big deal, but many people haven’t realized just how powerful it is! This upgrade will not only increase ETH’s value but also drastically reduce L2 transaction fees. ETH is already showing signs of rebounding, and this upgrade is sure to add more fuel to the fire!
The third news is even more explosive: a mysterious whale suddenly bought 450,000 ETH in one go, spending $1.25 billion! I checked the whale’s previous activity—every time they buy, it’s a perfect bottom. This time is definitely well thought out too. The signal is super strong, and it feels like ETH is about to enter beast mode.
However, the market isn’t all sunshine and rainbows. The Fed is currently a mess internally, and I’ve heard that Powell is losing his influence, with policy decisions all over the place. But based on past experience, every time the traditional financial market is in chaos, crypto assets get a window of opportunity to surge, and that window is open right now.
Still, we need to pay attention to Vitalik’s warning. Right now, nine institutions have already bought $18 billion worth of ETH—almost 10% of the total ETH supply. If institutional holdings go over 20%, ETH could face a collapse risk. Plus, block times might get compressed to 150 milliseconds, and at that point, regular nodes could become unusable. We absolutely can’t let Wall Street turn Ethereum into an enterprise chain! So let’s stay alert!