The Coinbase Premium index for Ethereum has climbed to levels not seen in a long time. This comes as ether (ETH) recovers to multi-month highs amid the latest market rally.

While the surging Coinbase Premium indicates growing demand in the United States, it raises concerns about an overheating market. If this is indeed the case, there may be reason to worry, as assets may decline and lose their gains rapidly.

ETH Coinbase Premium on the Rise

According to Crypto Dan, a pseudonymous analyst from the market intelligence platform CryptoQuant, the Ethereum Coinbase premium confirms that U.S. whales and institutions are buying more ETH.

Institutions like the Nasdaq-listed gaming entity, SharpLink, are driving the steady uptick in buying activity after adopting ETH as their treasury reserve asset. Over the last nine days, the company has solidified its position as the largest corporate ETH holder with a $515 million purchase.

SharpLink has been acquiring ether almost every day, with the nine-day streak adding 144,501 ETH to its stash. The firm now holds ETH worth well over $900 million.

Besides SharpLink, at least eight firms have been accumulating ETH over the last 30 days. These companies include Bitcoin miners BitDigital and Bitmine Immersion Technologies; together, these entities have purchased coins worth at least $1.6 billion in a month.

In addition to institutional purchases, spot Ethereum exchange-traded funds (ETFs) have been recording significant inflows. These products have experienced massive inflows on most days, indicating that U.S. investors are also purchasing ETH.

No Cause For Concern Yet

Typically, when the market witnesses high activity like this, a top is around the corner, and retraction is soon to follow. However, Crypto Dan believes the Ethereum market is yet to reach that level.

The Coinbase Premium is currently around 2.9. Although the index has not reached this level in recent times, it does not indicate significant overheating. In fact, Crypto Dan insists that there is a high chance of continued upward momentum after short-term consolidation.

However, while there is no reason to worry yet, multiple occurrences of such index movements during the rest of the year could signal overheating. In such cases, Crypto Dan says ETH investors should consider risk management.

Meanwhile, ETH was trading around $3,610 at the time of writing, up 4.6% daily and 20% weekly.

It was a big week in the cryptocurrency world, with the US voting on a few legislations and fresh all-time highs for bitcoin and a some larger-cap altcoins.

But first, let’s take you back to the previous one, which was critical in its own right. After all, BTC managed to break out of its consolidation phase last Wednesday and marked a new all-time high of almost $119,000 about this time last Friday.

The weekend was calmer, but the largest cryptocurrency went on the offensive once again on Monday, surpassing $123,000 to set its latest record. More volatility ensued on Tuesday, but this time in the opposite direction, which drove the asset south by several grand to under $116,000.

Nevertheless, the bulls reappeared after this somewhat expected correction, given the fact that BTC had gained about $15,000 within days without losing any traction. They stopped the freefall in the middle of the week and pushed bitcoin higher to $120,000 on a couple of occasions. That resistance, though, turned out to be harder to reclaim, and the subsequent rejections resulted in another price drop to under $118,000 as of press time.

This means that BTC has essentially erased the weekly gains, even though it managed to register a fresh all-time high on Monday. In contrast, most altcoins have registered mindblowing weekly gains.

Ripple’s cross-border token led the charge and notched a new record of its own at over $3.6 before it retraced toward the previous one of $3.4. Other double-digit price gainers include ETH, DOGE, XLM, LINK, HBAR, AVAX, CRO, and more.

Some of those gains, which transpired in the past 24 hours, were attributed to the recently passed legislations in the US, such as the GENIUS Act.

Market Data

Market Cap: $3.93T | 24H Vol: $307B | BTC Dominance: 59.5%

BTC: $117,610 (-0.4%) | ETH: $3,570 (+18.5%) | XRP: $3.43 (+21.6%)

This Week’s Crypto Headlines You Can’t Miss

Bitcoin’s Price is Nowhere Near Overheating Despite Surge to $123K: CryptoQuant. Following BTC’s epic surge to and beyond $123,000, market analysts and commentators were quick to praise the move and provide further insight on what might have driven it and how high it can go – here’s CryptoQuant’s take on it, and this is the one from Bitfinex.

Bitcoin’s Realized Cap Taps $1T Milestone, Fueled by 25% Surge in 2025. Aside from BTC’s price on exchanges, another important metric – the cryptocurrency’s realized cap – also reached a new all-time high this week, breaking above $1 trillion for the first time.

Ripple Climbs Higher: XRP Is Bigger Than Uber, Boeing, and Guns for Goldman. Following its impressive ascent into uncharted territory, Ripple’s market cap grew past $200 billion at one point, which helped it become the 81st biggest global asset by that metric. XRP is now bigger than Uber, while Goldman Sachs is not far ahead.

BlackRock’s ETH ETF Draws $546M as 10-Day Inflows Hit $2.1B. ETH’s spectacular growth in the past few weeks has been driven partially by the mindblowing net inflows in the spot Ethereum ETFs in the US. Naturally, BlackRock’s ETHA leads the pack as it set another record this week.

25% of Bitcoin at Risk: Developers Push for Quantum-Resistant Upgrade. Despite all the positive price-related records, some of the most prominent developers working on the world’s largest blockchain warned that 25% of all BTC might be at risk and urged for a quantum-resistant upgrade.

Saylor’s Strategy Bought Another 4,225 BTC Before Bitcoin’s Price Explosion: Details. Saylor’s Strategy didn’t announce a big BTC buy last week, but it stepped back on the accumulation pedal on Monday, as reported. The company spent over $470 million to acquire 4,225 BTC, pushing its total to over 600,000 BTC.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and HYPE – click here for the complete price analysis.

[PRESS RELEASE – Hong Kong, PCR, July 18th, 2005]

MultiBank Group, a global financial derivatives institution, is proud to announce that its $MBG Token will be listed on two new major global cryptocurrency exchanges, MEXC and Gate.io, on the day of its official Token Generation Event (TGE), July 22, 2025, in addition to MultiBank.io and Uniswap.

The $MBG Token will go live on:

• MultiBank.io
• Gate.io
• MEXC
• Uniswap

This new dual listing will allow millions of users across both exchanges to seamlessly access and trade $MBG using their existing accounts, ensuring immediate market participation at launch.

The Token Generation Event (TGE) is now approaching following the successful completion of two pre-sale rounds, where MultiBank Group issued 7 million tokens in Round 1 and 3 million tokens in Round 2 — both of which sold out within minutes.

Naser Taher, Chairman and Founder of MultiBank Group said “With $MBG, we’re introducing a utility token built to deliver real-world value, transparency, and long-term trust. This is a major step in our mission to merge traditional finance with blockchain on a global scale”.

Backed by $29 billion in real assets across MultiBank Group’s four pillars, including a groundbreaking Real-World Asset (RWA) tokenization initiative that launched with $3 billion in luxury real estate in partnership with MAG and is set to scale to $10 billion, and integrated into a robust financial ecosystem boasting over $35 billion in daily trading volume, the $MBG Token is engineered to deliver real utility, transparency, and institutional-grade credibility.

Users can stay Connected:

Website: token.multibankgroup.com

Telegram: t.me/MultiBank_io/1

Twitter: @multibank_io

About MultiBank Group

MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website.