U.S. spot Ethereum ETFs saw strong momentum Tuesday, pulling in $533.9 million in net inflows, marking the third-largest daily total since their debut. BlackRock’s iShares Ethereum Trust led with $426.2 million, followed by Grayscale’s Ethereum Mini Trust with $72.6 million, and Fidelity’s ETF with $35 million. The rising inflows reflect increasing confidence in Ethereum as a long-term investment.

Investor sentiment continues to shift as Bitcoin dominance weakens and macro conditions remain steady. Vincent Liu, CIO of Kronos Research, said Ethereum’s momentum looks sustainable in the mid-term if these factors hold. Nick Ruck, director at LVRG Research, noted that institutional interest in Ethereum is rising, offering investors a second opportunity after Bitcoin’s historic gains.

Companies are also adopting Ethereum-focused treasury strategies. SharpLink Gaming, for example, began accumulating ether after announcing its Ethereum strategy in May. Meanwhile, spot Bitcoin ETFs saw $67.9 million in outflows Tuesday, after losing $131.3 million the day before. Presto’s Min Jung said Ethereum is becoming the next step for investors eyeing new crypto opportunities.

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BNB surged over 5% in the past 24 hours, reaching a new all-time high above $800 on Binance, and pushing its market cap to $111 billion. The rally allowed BNB to overtake Solana as the fifth-largest crypto asset. With a 16% gain over the last seven days, BNB has significantly outperformed Bitcoin, which rose just 2% in the same period.

Nasdaq-listed Nano Labs expanded its BNB holdings to 120,000 tokens, valued at around $90 million. The company recently acquired an additional 45,684 BNB through OTC deals, at an average price of $764 per token. Nano Labs plans to continue accumulating BNB, invest in BNB-based companies, and support its use as a core reserve asset.

Standard Chartered forecasts that BNB could soar to $2,775 by 2028, citing strong fundamentals and performance comparable to Bitcoin and Ethereum. Meanwhile, YZi Labs, the family office of Binance co-founder CZ, is backing a new BNB treasury venture targeting a U.S. public listing to boost institutional exposure.

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Telegram has officially launched its built-in crypto wallet, TON Wallet, in the United States, making it easier than ever for users to manage digital assets directly inside the app. The move marks a major step in bringing crypto to mainstream messaging platforms in the U.S., and allows users to send stablecoins, swap tokens, and manage assets without external apps, downloads, or logins.

TON Wallet, developed by The Open Platform, works seamlessly within Telegram and supports zero-fee crypto purchases through MoonPay, with debit card on-ramps and instant token swaps. It avoids direct regulation by outsourcing compliance-sensitive services. Telegram’s U.S. user base has grown to over 87 million, and many are already active in the crypto space.

CEO Andrew Rogozov said improved regulatory clarity made the U.S. rollout possible, and called the launch a chance to offer a smooth crypto experience. Onboarding is simple, with no downloads or seed phrases, using a secure split-key backup system that blends financial tools with everyday messaging.

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PNC Bank has teamed up with Coinbase to provide cryptocurrency services to its institutional and banking clients. The partnership will allow PNC customers to buy, hold, and sell digital assets securely using Coinbase’s Crypto-as-a-Service platform. This marks a major step as PNC becomes one of the largest U.S. banks to embrace crypto at scale.

PNC will also offer banking services to Coinbase, deepening their operational relationship. PNC CEO William Demchak said the partnership accelerates their ability to deliver secure, innovative crypto solutions. Coinbase’s backend tools for compliance, custody, and trading give PNC a complete infrastructure without having to build it internally.

As demand for regulated crypto services rises, this deal gives PNC a strategic entry into the digital asset market while avoiding complex regulatory hurdles. Coinbase gains access to PNC’s vast network of institutional clients. The timeline for launch hasn’t been announced, but both firms describe it as a long-term effort to support the future of crypto finance.

Bloomberg