ethereal

According to Fortune, the crypto venture capital firm Ethereal Ventures has spoken out for the first time after nearly five years since its establishment. The venture capital firm was co-founded by Min Teo and Ethereum co-founder Joe Lubin in 2021, and its two funds have a total size of approximately $150 million, having invested in over 80 early-stage projects, including EigenLayer.It is reported that Ethereal Ventures' first fund has performed well in terms of distributed capital return rate (DPI), while the second fund has currently deployed less than a quarter of its capital and still retains ample "dry powder."

AI digital asset trading agency platform Fere AI announced the completion of a $1.3 million financing round, led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures.The platform supports cross-chain networks such as Ethereum, Solana, and Base, allowing users to describe trading objectives in natural language, with AI agents handling trade execution. The new funds will be used to accelerate platform feature development and optimize trading execution strategies.

Etherealize's latest research report proposes the theory of "Productive Money," suggesting that if Ethereum captures the current monetary premium of approximately $31 trillion represented by gold and Bitcoin combined, its implied price could exceed $250,000, far higher than the current level of about $2,300.The report points out that ETH not only possesses traditional currency attributes such as scarcity, verifiability, and censorship resistance, but it can also generate an annual yield of about 2% to 4% through staking, achieving the characteristic of "interest-bearing" money, thus distinguishing it from non-productive assets like gold and Bitcoin. Additionally, ETH serves a threefold demand source in the DeFi ecosystem as "collateral asset + fee burning + staking lock-up," forming a mechanism for supply contraction and value accumulation.The report believes that with the development of on-chain finance and asset tokenization, ETH is expected to possess both "store of value + productive asset" dual attributes. However, the report also warns that achieving this valuation path for ETH still faces multiple uncertainties, including regulation, technology, and competition, and the long-term value reassessment depends on the market's recognition of its monetary attributes.

Etherealize has released the latest report, adjusting the long-term price expectation for Ethereum (ETH) to $250,000.This prediction is based on a core assumption: if ETH can acquire a "monetary premium" like gold and Bitcoin, occupying a place in the approximately $31 trillion value storage market, its price will reach this level. The report argues that ETH has unique properties historically, being not only a value storage tool but also a "yield-generating asset," distinguishing it from traditional asset forms.

According to Coindesk, Etherealize co-founders Vivek Raman and Danny Ryan claim that Ethereum's decade-long real-world testing makes it "the safest and most reliable" choice on Wall Street, citing deployment cases from BlackRock, Fidelity, and JPMorgan.Raman predicts that the market capitalization of ETH will rise to several trillion dollars, with the price of each token potentially reaching $15,000 by the end of 2026. This view is based on three pillars: the stablecoin market expanding fivefold, tokenized real-world assets also growing fivefold, and ETH becoming a "productive store of value" similar to Bitcoin.

Etherealize CEO Vivek Raman released a 2026 forecast, stating that Ethereum will achieve a fivefold growth in three major areas by 2026. In the realm of tokenized assets, institutions such as JPMorgan, BlackRock, and Fidelity have deployed money market funds and private credit products on Ethereum, with the total value expected to increase from $18 billion to $100 billion.Stablecoins received regulatory support after the passage of the GENIUS Act, with SoFi becoming the first national bank to issue stablecoins on a public blockchain, and its market capitalization is expected to grow from $308 billion to $1.5 trillion, with Ethereum accounting for about 60%.The Layer 2 ecosystem is thriving, with Coinbase, Robinhood, and Deutsche Bank building dedicated chains. Four companies, including BitMine Immersion and Sharplink Gaming, have purchased approximately 4.5% of the ETH supply as reserve assets, mimicking the MicroStrategy model. The report predicts that the price of ETH will increase fivefold to $15,000, with a market capitalization reaching $2 trillion, on par with Bitcoin.

According to Decrypt, Etherealize co-founder Danny Ryan stated that the crypto industry needs to "prove its worth" before Trump leaves office to avoid facing policy reversals after future government changes.He pointed out that the current U.S. government is pushing for legislation and regulatory improvements that support crypto, but this environment will not last forever. Therefore, the industry should expedite the implementation of systems and integration with capital markets.Ryan mentioned that if crypto cannot demonstrate its practical use during the current administration, future political forces may reevaluate the policy support. He emphasized that now is the industry's "window of opportunity" to make crypto a part of the financial system, rather than waiting for political changes to bring uncertainty.

ChainCatcher message, the Ethereal ecosystem decentralized perpetual contract exchange has officially launched the mainnet Alpha version, which will support leveraged trading with USDe as collateral.With the mainnet launch, Season 1's Epoch 1 phase will also come to an end, but until 23:59 UTC on October 29, eUSDe holders will continue to receive Ethereal points. Starting from Epoch 2, point distribution will be conducted on a weekly basis.

ChainCatcher news, the spot and perpetual contract trading platform Ethereal built on USDe announced on social media that Ethereal Mainnet Alpha will be launched on October 20.

ChainCatcher news reports that the Ethereum infrastructure startup Etherealize has announced the completion of a $40 million funding round, led by Electric Capital and Paradigm, with initial funding support from Ethereum founder Vitalik Buterin and the Ethereum Foundation.The company was founded in January 2025 by Vivek Raman, a former senior executive at Morgan Stanley and Deutsche Bank, with the aim of developing Ethereum blockchain products and infrastructure for Wall Street financial institutions. Etherealize plans to utilize blockchain technology to tokenize financial assets such as mortgages, credit, and fixed income, replacing the "Stone Age technology" still in use on Wall Street today.

ChainCatcher message, Ethereum co-founder Vitalik posted on social media "Ethereum's Bull Market Argument: Digital Oil, Store of Value, and Global Reserve Asset of the Digital Economy."The tweet is a retweet of related content previously published by Etherealize, an Ethereum ecosystem business development and marketing company, but Vitalik changed the image of "Ethereum Digital Oil" in the original tweet to "Ethereum Bull."

ChainCatcher news, Ethereum Foundation researcher Danny Ryan announced on the X platform that he has joined Etherealize as a co-founder to help the development of Ethereum, and Vitalik Buterin expressed his welcome.Last September, Ethereum Foundation researcher Danny Ryan announced his departure, concluding his seven-year contribution to the Ethereum ecosystem. Ryan stated on GitHub that his departure was for personal reasons, wanting to make space for new opportunities, and emphasized that this decision does not reflect any issues with Ethereum or the crypto industry. Ryan played a crucial role in Ethereum's key upgrades, serving as the chief coordinator for the Ethereum The Merge upgrade and overseeing the launch of the Beacon Chain in 2021. Ryan was also actively involved in the progress updates of Ethereum Improvement Proposals.

ChainCatcher news, according to Bloomberg, Etherealize, founded by former Nomura Holdings and UBS Group bond trader Vivek Raman, has received investment from Ethereum founder Vitalik Buterin and the Ethereum Foundation. The company has formed an 8-person team in New York, dedicated to promoting Ethereum to Wall Street financial institutions and developing bank-friendly products.

ChainCatcher news, "Blockchain Bank Account" Bleap has completed a $2.3 million Pre-seed funding round, led by Ethereal Ventures, with participation from Maven11, Alliance DAO, Robot Ventures, and Credibly Neutral, as well as key executives from angel investors Revolut, Phantom, OKX, EigenLayer, and Consensys.The funds will be used to help develop a self-custody payment application that allows customers to spend stablecoins in the real world through an associated Mastercard debit card, ensuring no conversion or exchange fees are charged, and offering up to 2% cash back on purchases. Bleap is currently testing with select EU users, with plans for a full public rollout in Q1 2025, and the token is expected to launch in 2026.

ChainCatcher news, Ethena's official response to the doubts on Discord and X, confirming that no locked team or investor tokens were staked to obtain Ethereal rewards for sENA. The official stated that any transferred ENA is unlocked according to the original unlocking plan, and the tokens in the relevant wallets are unlocked foundation tokens, which will not participate in any Ethereal airdrops or related rewards.In addition, to enhance transparency, the total amount of future airdropped sENA will be displayed in the interface this week, excluding the currently undistributed sENA.

ChainCatcher news, according to The Block, Bitcoin ecosystem stablecoin developer Yala has completed an $8 million seed round financing, led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Lab, and UTXO Management.The funds from this financing will primarily be used for team expansion, product development, and security enhancements, as well as preparations for the mainnet launch. Additionally, investors have committed to collateralizing over 2,000 bitcoins to Yala.It is reported that Yala's mission is to connect Bitcoin with major ecosystems through stablecoins as a medium, enhancing Bitcoin's liquidity. Its modular architecture allows Yala to deploy across EVM-compatible platforms (such as Ethereum) and non-EVM systems (such as Solana), thereby enhancing Bitcoin's composability and promoting the development of an open Bitcoin DeFi ecosystem. According to official sources, Yala's testnet will be launched next week.

ChainCatcher news, according to CoinDesk, the decentralized solver platform Khalani has completed a $2.5 million seed round financing, led by Ethereal Ventures, with participation from Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, Nick White, and others.According to the Web3 asset data platform RootData, Khalani Network is a decentralized solver infrastructure for intent-driven applications. Khalani is an open and permissionless solver collaboration platform that enables intent developers to seamlessly tap into expressive and always-online solving capabilities.

ChainCatcher news, according to Fortune Crypto, the enterprise-grade liquid staking protocol Alluvial announced the completion of a $12 million Series A funding round, led by Ethereal Ventures and Variant, with participation from Brevan Howard Digital, Coinbase Ventures, Kraken, Avon Ventures, IOSG Ventures, and IOBC Capital.It is reported that this funding round will be used to build the institutional-focused Ethereum staking protocol Liquid Collective. (Source link)