Kathy Wood's ArkInvest makes a bet on Ethereum Treasuries and Solana surges past $200.

You're watching Coin Desk Daily. I'm your host, Jen Sanasi.

Kathy Wood is making a bold bet on eth treasuries as-Invest has purchased 4.4 million shares of Bitmine

Emerging Technologies for $116 million. Led by Tom Lee, Bitmine has become one of the largest

corporate holders of ETH. The firm owns 300,000 tokens in their bag worth more than $1 billion,

and they plan to stake up to 5% of Ethereum's total supply.

It's a pivot that's drawn comparisons to strategies, Bitcoin strategy,

and ignited investor interest in ether as a balance sheet asset.

As of this morning, ETH has cooled down from the recent rally trading below $3,700.

Solana is taking the baton as Seoul surged past $200 for the first time since March.

This comes as network player Gito introduced the Block Assembly marketplace, a move that some

observers said boosted investor interest in Seoul.

The introduction of BAM is expected to improve transaction sequencing, reduce MIV,

and offer programmable control over block space. Meanwhile, institutional interest in Solana is growing

with significant inflows into investment products and pre-commitments to a proposed ETF,

driving Seoul's 33% rise in July. Midnight is a privacy-enhancing blockchain, introducing vital, programmable privacy and selective

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