Bitcoin Steady at $118K, Arbitrum Leads Inflows, Stablecoin Threat to Banks Grows
The crypto market remains resilient as Bitcoin hovers around $118,500 and Ethereum consolidates near $3,760. Arbitrum tops Layer-2 inflows at $168 million, while Bank of America warns that stablecoins could disrupt traditional banking. Meanwhile, MetaMask announces a key software fix and OpenAI plans a GPU expansion, signaling a strong intersection of AI and crypto innovation. NFT momentum rises as a whale wallet grabs 45 CryptoPunks, sparking institutional NFT interest.
Coinccino 
Market Overview:
- Bitcoin (BTC): $118,500 – Eyeing $125K breakout
- Ethereum (ETH): $3,760 – Up 4% on technical momentum
- Top Gainers: XRP, BNB, Solana – All up over 2%
Key Developments:
Arbitrum Surges
Arbitrum saw $168M in weekly inflows, surpassing Avalanche and other Layer-2 rivals. The demand reflects investor preference for Ethereum scalability solutions.
Stablecoins vs Banks
A Bank of America report forecasts stablecoins may disrupt traditional banks in coming years as regulations mature and adoption accelerates.
MetaMask Patch Incoming
Consensys is releasing a performance patch to address excessive SSD usage issues in MetaMask, promising a smoother user experience.
OpenAI’s Massive GPU Plan
Sam Altman confirms 1 million+ GPUs will be deployed by year-end, potentially enabling a new wave of blockchain-AI synergy.
NFT Comeback
A crypto whale purchased 45 CryptoPunks, renewing attention to NFTs as digital assets regain speculative and cultural value.
Why It Matters for Web3
- Layer-2 Growth: Rising inflows into Arbitrum signal increasing Ethereum scalability demand
- Stablecoin Adoption: Regulatory momentum could bring digital dollars to the mainstream financial system
- Infrastructure Scaling: MetaMask fixes and OpenAI’s GPU push show the ecosystem’s ongoing evolution
- NFT Revival: High-volume Punk acquisitions point to institutional confidence in digital collectibles
