ETH售價為$ 10K？對沖資金和電報如何塑造以太坊的未來

對沖基金正在縮短ETH，而Sharplink Gaming和Telegram等巨頭則採取了重大舉措。 $ 10K ETH還在桌上嗎？

ETH at $10K? How Hedge Funds and Telegram are Shaping Ethereum's Future

ETH售價為$ 10K？對沖資金和電報如何塑造以太坊的未來

The world of ETH, $10K targets, and hedge fund strategies is heating up! From bold predictions to surprising acquisitions, let's dive into what's shaping Ethereum's trajectory.

ETH的世界，$ 10K的目標和對沖基金策略正在加熱！從大膽的預測到令人驚訝的收購，讓我們深入了解塑造以太坊軌蹟的原因。

Hedge Funds Go Short: A Risky Bet?

對沖基金簡短：一個冒險的賭注？

Hedge funds are making a significant play by shorting ether, racking up a massive $1.73 billion on the CME, according to data. This strategy, highlighted by X account zerohedge, involves a basis trade where they short ETH on the CME while simultaneously buying spot ETFs.

數據顯示，對沖基金通過短路以太幣進行了重要的發揮，在CME上賺了17.3億美元。該策略由X Account ZeroHedge強調，涉及一個基礎貿易，在該策略中，他們在CME上缺乏ETH，同時購買現場ETF。

Why this move? Traders can potentially secure around 9.5% per year through this approach. Adding another layer, shorting ETH while buying and staking spot ETH could yield an additional 3.5% annually. However, this staking perk isn't available to those holding spot ETFs, as custody is managed by the ETF provider.

為什麼這一舉動？通過這種方法，交易者每年可能每年獲得約9.5％的速度。添加另一層，在購買和占有地點時縮短ETH每年可能會產生3.5％的額外。但是，由於ETF提供商管理了監護權，因此那些持有現場ETF的人無法使用這種藏匿處。

SharpLink Gaming's ETH Accumulation: A Bullish Signal?

Sharplink遊戲的ETH積累：看漲信號？

While some are betting against ETH, others are doubling down. SharpLink Gaming has solidified its position as the largest corporate holder of ether globally, even surpassing the Ethereum Foundation! Between July 7 and July 13, 2025, they acquired approximately 74,656 ETH for roughly $213 million, averaging $2,852 per ETH. Their total holdings now stand at around 280,706 ETH.

雖然有些人押注ETH，但另一些人則加倍。 Sharplink Gaming鞏固了其作為全球Ether最大公司持有人的地位，甚至超過了以太坊基金會！在2025年7月7日至7月13日之間，他們以約2.13億美元的價格收購了約74,656 ETH，平均每ETH $ 2,852。現在，他們的總股份約為280,706 ETH。

This aggressive strategy is fueled by raising $413 million through share sales. A staggering 99.7% of their ETH holdings are actively staked, generating around 415 ETH in staking rewards since June 2, 2025. Chairman Joseph Lubin, a co-founder of Ethereum, envisions SharpLink at the forefront of digital commerce, leveraging Ethereum's power in DeFi and blockchain infrastructure.

通過股票銷售籌集了4.13億美元，這種積極的策略是為了推動這種積極的策略。自2025年6月2日以來，他們的ETH持股中有99.7％的ETH持有量正在積極儲存。

Telegram's Tac: Bridging Ethereum to the Masses

電報的TAC：將以太坊橋接到大眾

Telegram is making waves with the launch of Tac, a layer-1 EVM-compatible network that bridges Ethereum DeFi applications to the TON and Telegram ecosystems. This allows seamless interaction with popular DeFi protocols directly within Telegram, unlocking new opportunities for users and developers alike.

Telegram通過TAC的推出，TAC是一個兼容EVM兼容的網絡，將以太坊Defi應用程序橋接到TON和Telegram生態系統中。這允許直接在電報中與流行的Defi協議無縫互動，從而為用戶和開發人員提供了新的機會。

Tac enables Ethereum-based DApps to run natively on TON without extensive code modifications. Co-founder Marco Monaco emphasizes that Tac is a standalone blockchain with its own native jetton token, deeply integrated with TON’s infrastructure. With $11.5 million raised through funding rounds, Tac is set to democratize access to financial services through a familiar interface.

TAC使基於以太坊的DAPP可以在不進行廣泛的代碼修改的情況下本地運行。聯合創始人馬可·摩納哥（Marco Monaco）強調，TAC是一個獨立的區塊鏈，擁有自己的本地Jetton代幣，與Ton的基礎設施深入融合。 TAC通過籌集資金籌集了1,150萬美元，將通過熟悉的界面民主化對金融服務的訪問。

$10K ETH: Still in the Cards?

$ 10K ETH：仍在卡片中？

Eric Jackson, founder of EMJ Capital, remains bullish on ether. He believes the market underestimates upcoming developments, especially the approval of staking for ETH ETFs. Jackson's firm anticipates a supply crunch driven by increased institutional demand, reduced circulating supply, and passive investment flows from traditional finance.

EMJ Capital的創始人埃里克·傑克遜（Eric Jackson）仍然看好以太。他認為，市場低估了即將到來的發展，尤其是對ETH ETF的批准。傑克遜的公司預計，由機構需求增加，循環供應減少以及傳統財務的被動投資流動所驅動的供應緊縮。

Jackson projects a base case of ether reaching $10,000 by the end of the current market cycle, with a more optimistic scenario of $15,000 or higher if layer-2 adoption and ETF inflows exceed expectations. He sees Ethereum as an undervalued network poised to become an institutional-grade yield product.

傑克遜（Jackson）預計，到當前市場週期結束時，以太的基本案例將達到10,000美元，如果採用2層和ETF流入超過預期，則更樂觀的情況為15,000美元或更高。他認為以太坊是一個被低估的網絡，該網絡有望成為機構級產物產品。

Final Thoughts: The Ethereum Rollercoaster

最終想法：以太坊過山車

From hedge funds shorting ETH to Telegram integrating DeFi, the Ethereum landscape is anything but boring. While $10K ETH remains a hot topic, the underlying developments suggest a dynamic and evolving ecosystem. Buckle up, folks! It's going to be an interesting ride.

從對沖基金短路ETH到整合Defi的電報，以太坊的景觀並不無聊。雖然$ 10K ETH仍然是一個熱門話題，但基本的發展表明了一個動態而不斷發展的生態系統。搭扣，伙計們！這將是一個有趣的旅程。