Bankless ROLLUP: BTC ATH & ETH Near ATH | Stripe & Circle L1s | Monero 51% Attack
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Aug 15, 2025 Bitcoin hits a new all-time high while Ethereum flirts with its own. Investors are excited over a $1B Ethereum ETF, sparking discussions about ETH's potential as an institutional asset. Stripe and Circle are launching their own Layer 1 blockchains, shaking up the payment ecosystem. Meanwhile, a 51% attack on Monero raises security alarms. The conversation dives into market reactions to recent economic data and the competitive landscape facing traditional finance as cryptocurrencies gain momentum.
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PPI Miss Looks Like A Speed Bump
- Producer Price Index (PPI) spiked to 3.7% versus estimates, signaling potential upstream inflation pressure for CPI months later.
- Hosts view the miss as a short-term speed bump likely to be bought, not a regime change for markets.
BTC Hits New High; ETH Nears Peak
- Bitcoin set a new all-time high at about $124,500 before pulling back modestly after the PPI scare.
- Ethereum is approaching its nominal all-time high, trading in previously uncharted price territory for this cycle.
Institutional Demand Accelerates For ETH
- Spot ETH ETFs saw a $1B inflow day, suggesting institutional demand is catching up after initial underestimation.
- Hosts see ETFs plus treasury buying as institutionalizing Ether similar to Bitcoin's path.