PANews reported on August 30 that Ethereum co-founder Joseph Lubin posted on the X platform that he fully agreed with Bitmine Chairman Tom Lee's views. Wall Street will stake ETH because they currently pay for infrastructure, and Ethereum will replace the many isolated stacks they operate. For example, JPMorgan Chase may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years. They need to fully understand the rules of the Ethereum game because this game will be called... finance. Wall Street needs to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, participating in DeFi, and writing smart contract software for protocols, processes, and financial instruments. This will be a relatively easy transition for JPMorgan Chase, as they have been exploring and using Ethereum technology to build their private blockchain network since 2014-2015. Many other financial institutions also have extensive experience with Ethereum. The price of ETH could increase 100-fold or more in the future, and Ethereum/ETH will overturn the monetary foundation of Bitcoin/BTC.PANews reported on August 30 that Ethereum co-founder Joseph Lubin posted on the X platform that he fully agreed with Bitmine Chairman Tom Lee's views. Wall Street will stake ETH because they currently pay for infrastructure, and Ethereum will replace the many isolated stacks they operate. For example, JPMorgan Chase may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years. They need to fully understand the rules of the Ethereum game because this game will be called... finance. Wall Street needs to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, participating in DeFi, and writing smart contract software for protocols, processes, and financial instruments. This will be a relatively easy transition for JPMorgan Chase, as they have been exploring and using Ethereum technology to build their private blockchain network since 2014-2015. Many other financial institutions also have extensive experience with Ethereum. The price of ETH could increase 100-fold or more in the future, and Ethereum/ETH will overturn the monetary foundation of Bitcoin/BTC.
Ethereum co-founder Joseph Lubin: ETH may rise 100-fold in the future, Wall Street needs to understand the rules of the game
PANews reported on August 30 that Ethereum co-founder Joseph Lubin posted on the X platform that he fully agreed with Bitmine Chairman Tom Lee's views. Wall Street will stake ETH because they currently pay for infrastructure, and Ethereum will replace the many isolated stacks they operate. For example, JPMorgan Chase may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years. They need to fully understand the rules of the Ethereum game because this game will be called... finance. Wall Street needs to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, participating in DeFi, and writing smart contract software for protocols, processes, and financial instruments.
This will be a relatively easy transition for JPMorgan Chase, as they have been exploring and using Ethereum technology to build their private blockchain network since 2014-2015. Many other financial institutions also have extensive experience with Ethereum. The price of ETH could increase 100-fold or more in the future, and Ethereum/ETH will overturn the monetary foundation of Bitcoin/BTC.
Market Opportunity
Bitcoin Price(BTC)
$95 448,5
$95 448,5$95 448,5
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
X to cut off InfoFi crypto projects from accessing its API
X, the most widely used app for crypto projects, is changing its API access policy. InfoFi projects, which proliferated non-organic bot content, will be cut off
Share
Cryptopolitan2026/01/16 02:50
X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash
The post X Just Killed Kaito and InfoFi Crypto, Several Tokens Crash appeared on BitcoinEthereumNews.com. X has revoked API access for apps that reward users for
Share
BitcoinEthereumNews2026/01/16 03:42
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise
The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37