Ethereum Officially Recognized as Non-Security

Ethereum Officially Recognized as Non-Security

 Paul Atkins, the new chairman of the SEC under the Trump administration, has stated that Ethereum will not be considered a security. According to him, the asset is now officially classified as a "commodity," just like Bitcoin, placing it outside the scope of securities regulations. This statement ends years of legal uncertainty surrounding ETH.

This recognition marks a turning point for the Ethereum ecosystem. By removing the threat of potential SEC lawsuits, it paves the way for broader institutional adoption. Many companies, including investment funds, can now integrate Ethereum into their portfolios without the fear of regulatory violation.

Paul Atkins aims to go further and proposes a complete overhaul of crypto regulations in the U.S. He envisions clarifying the status of each type of digital asset: stablecoins, utility tokens, investment tokens. The goal is to end the current ambiguity and promote innovation within a clear and secure framework.

The recognition of Ethereum as a non-security is therefore much more than a simple change in terminology: it is an official validation, long-awaited, that could redefine the trajectory of the entire crypto market.

Ethereum Gains Ground Among Institutional Investors with BlackRock's ETHA ETF

 BlackRock's iShares Ethereum Trust (ETHA) has just surpassed $10 billion in assets under management in record time. It becomes the third U.S. ETF in history to reach this milestone so quickly, behind only two Bitcoin ETFs. This rapid success reflects massive investor interest in Ethereum, which now appears to be emerging from Bitcoin's shadow in traditional markets.

In just ten days, ETHA went from $5 billion to $10 billion in assets. This impressive acceleration comes with continuous inflows: over 14 consecutive days of net inflows have been recorded, a record for an Ethereum product. BlackRock alone captures the vast majority of investments in this category. Meanwhile, Bitcoin ETFs have stalled, experiencing capital outflows after a prolonged period of inflows.

BlackRock is considering further steps, with plans to integrate staking features into ETHA, allowing investors to generate returns directly from the ETF. This would be a first if validated by regulators.

This success confirms Ethereum’s entry into a new era: one of institutional recognition. Now seen as an infrastructure asset, ETH is increasingly being adopted by portfolio managers, pension funds, and corporate treasuries.

RealT: Some Clients Are No Longer Paid

 A judge in Michigan has issued a temporary restraining order preventing RealT from collecting rents on over 400 properties in Detroit. This decision follows a lawsuit filed by the municipality, which claims the properties are non-compliant and pose health risks to residents.

Until RealT brings these properties up to code, they cannot evict tenants or collect rents. The money paid by residents must now be placed in an escrow account, accessible only after the required repairs are made.

These properties are reportedly suffering from serious structural failures: mold, lack of heating, stagnant water, faulty electrical systems, non-potable water, or pest infestations. The municipality requires the properties to be brought up to standard within 90 days.

Many tenants have already deposited their rent into an escrow account after enduring months of neglect. Some are also reportedly living in homes without written contracts, without a point of contact, or without intervention from property management.

The company has stated that it has created a new local management entity to address the issues, but tenants claim the repairs are delayed.

The local community criticizes a model in which anonymous investors collect rents without ensuring maintenance, leading to the accumulation of violations, unpaid taxes, and delays in bringing properties back into compliance. Until RealT resolves the situation, rent flow and payments to token holders remain suspended.

No Airdrop in Sight: $PUMP Collapses

 The founder of Pump.fun has confirmed that no airdrop is planned "in the near future," putting an end to weeks of speculation. Immediately after the announcement, the PUMP token plummeted, triggering a chain liquidation of leveraged positions. The community, fired up by rumors of a snapshot, accuses the team of maintaining strategic ambiguity.

The team then promised a later "incentive program," without a specific timeline, which further fueled distrust. Influencers who had promoted the airdrop theory are now calling it a "lesson in risk management."

On the fundamental side, no alternative value drivers were detailed: no structured burn, no revenue sharing, and no clear governance. The "community first" narrative now clashes with the demand for a transparent framework to reward early users. Traders fear a retroactive distribution scheme reserved for insiders, although the team has denied this.

Volatility has exploded, signaling prolonged uncertainty around the asset. This episode reignites the debate about airdrop farming and the responsibility of teams in managing the expectations they allow to fester. In the short term, the survival of the narrative will depend on a credible mechanism aligning the project, liquidity, and community.

In the meantime, PUMP once again illustrates how a market fueled by hopes of an airdrop can turn around in a matter of minutes.