Ethereum has surged to a new all-time high, surpassing its previous peak from November 2021, following signals from Fed Chair Jerome Powell about a potential interest rate cut in September. This announcement has spurred a positive reaction across the cryptocurrency market, with altcoins also experiencing gains. In a significant investment move, SharpLink Gaming, led by Ethereum co-founder Joseph Lubin, has invested $252 million in Ethereum, acquiring 800,000 coins valued at $3.7 billion. This strategy is reminiscent of MicroStrategy's approach with Bitcoin, indicating strong institutional interest in Ethereum. Additionally, over 100 Spar branches in Switzerland have begun accepting Bitcoin and other cryptocurrencies, reflecting the growing adoption of digital currencies. Meanwhile, European exchanges are pushing for stricter regulations on tokenized stocks as trading activity on platforms like Kraken and Coinbase increases. Despite a decline in activity on Solana-based DEX platforms due to memecoin scams, Solana continues to hold a competitive position in the DeFi sector.