Ethereum rose 71% in Q3 2026, its best quarter since early 2021, when it ended the year up 376%. The article reviews history: after nine quarters since 2019 with gains of 50% or more, the first four were followed by stronger returns, but after late 2020 the pattern weakened, with two-year returns of -4.8% (Q1 2021), flat (2023) and -42.6% (2024). Q3 2025's 66.7% gain was followed by a 35.3% drop within 12 months. The author says the data neither confirms nor rules out another strong run, and that price momentum tells little about long-term value. On-chain, users paid $15.9 million in network fees in September, and Ethereum held $144.3 billion in stablecoins (47.7% of the total) and $16.9 billion in tokenized real-world assets, leading all networks.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/19/2026 | 2,408.01 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Ethereum Dramatically Outperformed the S&P 500 in Q3. Is It Finally Time to Load Up on Ethereum?
Ethereum rose 66% in the third quarter, its best quarter since 2021, while the S&P 500 gained 2% amid global uncertainty. Still, ETH is down 37% over five years, while an S&P 500 index fund with dividends reinvested would have returned 85%, so it would need to gain a lot to catch up. The article argues one strong quarter doesn't justify overbuying, though owning some makes sense since Ethereum hosts $147.9 billion in stablecoins and $17 billion in tokenized real-world assets. The chain collected $354,748 in fees over the 24 hours ending Oct. 14, and its Glamsterdam upgrade, live on a test network since Oct. 6, is slated for mainnet in the fourth quarter.
- Ethereum News: JPMorgan Just Brought JPM Coin to Ethereum. Could Wall Street Money Lift ETH?
JPMorgan's Kinexys division made its dollar-backed token JPM Coin (JPMD) available on Ethereum's mainnet to select institutional clients on October 19, 2026, supplementing the earlier version on Base. Kinexys says it has processed over $4 trillion in transactions since launch, averaging about $7 billion a day, but most of that volume runs on its private network, and the bank has not disclosed how much occurs on Ethereum or Base. JPM Coin is a deposit token rather than a stablecoin, and retail investors cannot buy or hold it. ETH did not rise on the news: it traded at $2,386, down 4.2% over the past week and 51.8% below its all-time high, and spot Ether ETFs saw net outflows of $103 million on October 19. The article argues the link to ETH is limited, since clients need only minimal ETH for gas fees and the bank has set no volume target.
- JPMorgan's JPM Coin Arrives on Ethereum, Putting Bank Dollars on a Public Blockchain
JPMorgan has launched JPM Coin on Ethereum for institutional clients, who can redeem it for dollars at any time; the token first launched on Coinbase's Base network in November 2025. Each unit is a deposit token representing a dollar held in a JPMorgan account, and only vetted counterparties can hold it, with crypto firms expected to use it for payments and financial institutions to settle trades and post collateral. Kinexys, the unit behind the token, has handled more than $4 trillion in cumulative transactions and averages about $7 billion a day, versus roughly $12 trillion a day across JPMorgan's wider payments business. The move puts the bank in competition with stablecoin issuers, after a consortium of more than 100 companies including Visa, Stripe and Mastercard launched its own dollar stablecoin last month. JPMorgan, Citigroup and other large banks also plan a shared 24/7 tokenized deposit network as early as the first half of 2027.
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Bitmine's Holdings Value Falls to $15.1 Billion Even as Its Ether Stash Keeps Growing
Bitmine (NYSE: BMNR) added 12,535 ETH in the past week, bringing its ether holdings to 6,041,481 ETH, but the total value of its assets fell for a second straight week to $15.1 billion as of Oct. 18, down from $16.2 billion and $17.4 billion in the two prior updates. The decline reflects ether valued at $2,365 per token, down from $2,544 a week earlier. Chair Tom Lee said investor risk appetite has contracted amid worries over AI funding and model safety, U.S.-Iran tensions, the U.S. midterm elections and rising global bond yields, and argued that periods when fundamentals hold up while prices fall have historically offered attractive risk/reward opportunities. Besides ether, Bitmine holds 215 BTC, a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings (NASDAQ: ORBS), and $582 million in cash and marketable securities. Its ether equals 4.9% of the 122.1 million ETH supply, short of its 5% goal, and 5,067,309 ETH is staked.
Related markets
Latest news
- Trump sued over 50% tariffs on Canada in latest trade challenge
A lawsuit filed Tuesday in the U.S. Court of International Trade challenges President Donald Trump's use of Section 338 of the 1930 Tariff Act to impose 50% tariffs on Canadian goods such as hockey sticks, wine, honey, and wigs, imposed in July. Plaintiff Gellert Global Group, a New Jersey food importer whose cheeses are covered by the duties, argues the 96-year-old law was impliedly repealed by later legislation. The complaint asks the court to declare the tariffs unlawful, block their enforcement, and order refunds with interest for duties already paid. Represented by the Liberty Justice Center, which previously helped get the Supreme Court to strike down Trump's reciprocal tariffs in February, the case comes as the administration refunds an estimated $166 billion collected under those duties. The White House did not immediately respond to CNBC's request for comment.
- What Meta’s Quarter Has to Show to Justify Wall Street’s Highest Targets
Meta (META) reports Q3 2026 results on October 21 after the close, with the stock at $709.33 and the 24/7 Wall St. target of $913.41 implying 28.77% upside. To justify the Street’s most aggressive targets, the article says Meta needs revenue at or above the top of its $61B–$64B guidance, ad pricing holding near Q2’s +12% gain, and capex staying within $130B–$145B without drifting higher. In Q2, revenue rose 27.96% to $60.80B, but EPS of $6.18 missed estimates, weighed down by a $2.40B legal charge and $1.18B in severance, while free cash flow fell to $784 million. Risks include no 2027 capex outlook, youth-related trials that could cause material losses, and EU enforcement on less personalized ads, with full-year EPS estimates falling from $33.0006 to $30.8051 over 90 days.
- JPMorgan forecasts 10% bitcoin returns: What to know
Scott Melker reviews JPMorgan's recent comments on bitcoin, with the bank's asset managers forecasting roughly 10% annual returns for bitcoin, versus about 7.5% a year for stocks and 5.5% for gold. He says it is the first time JPMorgan has attached a number to its bitcoin expectations, which he considers the key news. The piece also recalls Jamie Diamond calling bitcoin 'a scam' and 'rat poison', even as JPMorgan becomes more deeply entrenched in the space. The commentator argues the research shows JPMorgan is finally studying crypto as an investment.
- Why Equifax Stock Popped After Earnings
Equifax shares jumped 11.5% by 11:25 a.m. ET Tuesday after the company beat earnings expectations, reporting adjusted EPS of $2.26 versus the $2.20 analysts forecast, with sales of $1.69 billion meeting expectations. Third-quarter revenue rose 10%, led by a 15% gain in U.S. mortgage and a 20% jump in talent solutions, while net income surged 32% and GAAP EPS climbed 39% to $1.79. However, high interest rates are dampening mortgage demand, prompting Equifax to cut its full-year revenue guidance to a midpoint of about $6.66 billion, still 9.6% growth, with adjusted EPS expected around $8.50. Free cash flow so far this year totals $763 million, about 33% above reported net income.
- Why Karooooo Stock Stumbled Today
Karooooo (KARO) shares fell as much as 9% at the Tuesday open and were still down 2.1% by late morning, even though fiscal 2027 second-quarter revenue rose 22% year over year to $101.8 million. Fleet telematics unit Cartrack hit a record $90 million in revenue (up 20%), while the logistics segment grew 36% to $11.8 million. EPS rose 18% to $0.58 but fell short of investor expectations despite record operating profit. Subscription revenue climbed 31% to $88 million, total subscribers rose 18% to 2.9 million, and Cartrack's annual recurring revenue (ARR) grew 30% to $354 million with a 95% retention rate. The regulatory filing shows management bought extra vehicle-tracking devices and memory chips in anticipation of higher prices, which weighed on short-term profit but should lower costs later; the article notes the stock trades at 25 times forward earnings.
- Alphabet, Microsoft add objections to OKX-ICE proposed tokenized stock platform
OKXICE, the joint venture of crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, received 16 notices of issuer objection from companies including Microsoft, Alphabet and Goldman Sachs. The notices gave no specific reasons, though one expert said they could reflect uncertainty over what would happen to the companies' share prices on the platform. Co-chair Andrew Cuomo said these were not objections but companies waiting to see how the model works, and he expects more to follow. About 25% of the 62 companies proposed for the platform have objected, and the platform would run 24/7 on permissioned Uniswap v4 liquidity pools on XLayer. Each tokenized stock would be paired with one of three stablecoins: USDT, USDC or USDG.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.