As ETH has soared 75% since June to near historical highs, a capital feast surrounding Ethereum is quietly spreading to Wall Street. In the old banking halls of Manhattan, cryptocurrency advocates are proclaiming the arrival of a new financial era — this time, the protagonist is no longer Bitcoin, but Ethereum, seen as a "programmable ledger." From companies holding over $6 billion in ETH to institutions trying to incorporate it into mainstream financial products, capital is betting that Ethereum is not just a speculative tool, but could also become the core infrastructure connecting Wall Street with new technologies. Behind this "Lock-up Position race" is a struggle for the future financial order, as well as another impact of cryptocurrency on the traditional financial system.

Last week, the gathering in the grand hall of Cipriani 42nd Street in Manhattan was imbued with special significance by supporters of crypto assets. Under the marble columns and crystal chandeliers, they proclaimed that a new financial era beyond Bitcoin has already arrived.

Just a few days ago, the world's second-largest crypto asset, ETH, surged approximately 75% since June, with its price nearing historical peaks. At this moment, executives from the digital asset sector have gathered at the former site of the Bowery Savings Bank, both to celebrate a phase victory and to send a clear signal to the financial world: Ethereum is by no means an ordinary speculative tool, but rather the core of the future monetary system; if enterprises include it in their reserves, it may accelerate the realization of this vision.