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Ethereum Explodes, Bitcoin Climbs, UK Embraces Crypto
Ethereum rallies harder than Bitcoin after the Pectra upgrade, while Trump triggers a BTC surge and the UK introduces crypto-safe rules. Meanwhile, experts warn: altseason may follow a Bitcoin dominance dump.
Joe G & Money Talks
May 11, 2025 • Estimated Reading Time: 7 minutes
Ethereum just had its strongest weekly rally since 2021, soaring over 37% as trade optimism and the Pectra upgrade ignite a bull wave.
Pectra adds staking flexibility and EIP-7702 wallet upgrades
$438M in shorts liquidated, fueling a short squeeze rally
Whale accumulation at levels not seen since March 2025
$ETH volume is outperforming $BTC
Big sign of utility season!
— CryptoGoos (@crypto_goos)
10:40 AM • May 10, 2025
"ETH's breakout is fueled by whales, upgrades, and squeeze pressure. This could go to $3,400," says Crypto analyst @PeterLBrandt.
A WHALE HAS BOUGHT 138,511 $ETH
WORTH $297M IN THE PAST 2 DAYSWHALES ARE ACCUMULATING AGGRESSIVELY
— Ash Crypto (@Ashcryptoreal)
8:32 AM • May 10, 2025
UK Moves to Regulate Crypto as Securities — Experts Call It a "Safe Harbor"
The UK unveiled sweeping draft crypto rules, classifying digital assets under existing securities laws and demanding FCA oversight.
Applies to trading, custody, staking, and lending services
Foreign firms must get UK FCA approval to serve retail clients
Stablecoins reclassified under securities framework
It's been a fantastic #UKFintechWeek so far, capped off by very welcome news of draft crypto legislation from the UK Chancellor the Rt Hon @RachelReevesMP . This is a clear signal of intent from the Government to position the UK as a global leader for digital assets.
At @Ripple
— Cassie Craddock (@CraddockCJ)
7:15 PM • Apr 30, 2025
"This is the clarity crypto firms have been asking for," says Dante Disparte, Chief Strategy Officer at Circle.