The reason for the big pump of ETH has been found! The first target of breaking 4000 is imperative!

Everyone says it's because of the stablecoin bill being passed, there is this factor.

However, there is also very good news this week that many people have overlooked!

That is, BlackRock, represented by the Nasdaq Stock Exchange, submitted an application to the U.S. SEC, requesting that this asset management company's ETF, which is the ETHA, include staking services. Isn’t the SEC, under Trump’s leadership, all in support of crypto?

In May this year, the SEC released a guideline classifying the staking rewards obtained from the verification services of proof-of-stake blockchain networks as labor income, rather than securities transactions subject to capital gains tax. This is great! If the previous application is approved, ETHA will give investors the opportunity to earn staking rewards accumulated by using the underlying ETH as collateral for the ETH proof-of-stake consensus algorithm, and they won't have to pay capital gains tax. How great is that? This definitely opens the door for institutional investors to gain returns by holding ETH, doesn't it? No wonder it’s going to rise!

Let me share the latest data with everyone. In July, the amount of staked 2B coins reached over 36 million, accounting for more than 29% of the historical circulating supply, which is a record high. Additionally, the funds flowing into the 2B ETF over the past two weeks have also reached a historical high, so breaking 4000 is inevitable.