Weekly: Fed, ETH and new stablecoin L1s

ETH continues to lead while signs points to an altseason. ETH breaks to 2021 highs as top DATs add >2% supply alongside $2.27B in spot ETF inflows; Q2 13F patterns imply retail-led demand despite more institutional holders; BTC dominance down ~9% since July validates rotation, while Circle’s Arc and Stripe’s Tempo L1s target stablecoin rails where lasting share will be won by utility and cost advantage—not branding.

Read report | Coinbase Research