ChainCatcher news, according to Decrypt, Ethereum (ETH) achieved nearly a 40% increase last week, with the price rising from $1800 to $2500, mainly benefiting from the successful Pectra network upgrade and improvements in the global trade environment.However, market data shows that this round of increase was primarily driven by crypto-native investors, with a net outflow of $55 million from Ethereum spot ETFs last week, in stark contrast to the $600 million net inflow into Bitcoin ETFs.Volatility models indicate that the probability of ETH breaking through $4000 by the end of the year is 20%, an increase from the previous week's 9% probability. Although the Pectra upgrade completed on May 7 improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.

ChainCatcher news, Hashed partner Ryan Kim stated that although many tokens with Ponzi characteristics have collapsed, some Memecoins have survived. The key to the survival of these tokens lies in the enthusiasm of the community and an almost religious belief.Ryan pointed out that for Meme coins to exist in the long term, they need to pursue sustainable and achievable values, such as love, peace, and community spirit, rather than relying solely on short-term speculation and market sentiment.

ChainCatcher news, 1confirmation founder Nick Tomaino expressed the view that the focus of the crypto industry will eventually shift from chasing weekly short-term narratives to providing on-chain financing for high-risk projects that aim to change the world. These projects include Network States, public goods DAOs (such as military, police, fire services), space exploration, lucid dreaming technology, and other high-risk initiatives.Tomaino emphasized that these projects struggle to secure funding through traditional financing channels, while the innovative financing mechanisms of the crypto ecosystem will offer new possibilities for them.