On July 16, BitMEX co-founder Arthur Hayes highlighted the growing dominance of Ethereum (ETH) in the blockchain ecosystem via a post on the X platform. Emphasizing the significance of DeFi (Decentralized Finance) and Non-Fungible Tokens (NFTs), Hayes underscored Ethereum’s pivotal role in driving innovation within these sectors. Concurrently, Hayes updated his X profile picture to a CryptoPunk avatar, symbolizing his endorsement of digital collectibles and the expanding NFT market. This move reflects the increasing integration of crypto culture with mainstream financial narratives, reinforcing Ethereum’s status as a foundational asset in the evolving digital economy.