Chalom said that Ethereum treasury companies are shifting from a mimicking strategy to one focused on staking returns and a lean balance sheet, reducing leverage—so only a limited number of players will survive the bear market. He cited BlackRock’s description of Ethereum as a “tokenized toll road,” and noted that the NYSE/NASDAQ push for 24-hour trading and the DTCC’s exploration of tokenized collateral will drive tokenized assets into traditional finance. In the future, as stablecoins, tokenized assets, DeFi, and AI applications expand, Ethereum will take a different path from Bitcoin.

MeNews

2026-05-21 00:37:22

Abstract generation in progress

ME News Report, May 15 (UTC+8), Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually diverging from the models of Strategy and Michael Saylor, focusing more on staking yields and simple balance sheets rather than relying on complex financing structures. Chalom believes that Ethereum treasury companies can directly earn income by holding ETH, so there is no need to over-leverage. He also mentioned that only a few Ethereum treasury companies can survive during market downturns. Additionally, citing previous views of BlackRock CEO Larry Fink, he described Ethereum as a "tokenized toll road," and pointed out that events such as the NYSE and Nasdaq promoting 24-hour trading plans, DTCC exploring tokenized collateral, and Bullish acquiring Equiniti will further push tokenized assets into the traditional financial system. Chalom predicts that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually diverge from Bitcoin in its development path. (Source: ODaily)

ETH1.61%

BTC1.7%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
9
Share

Comment

Add a comment

0xPeachy

· 2h ago

Deleveraging during a bear market is the right move; only by surviving can you qualify to discuss the next cycle.

View OriginalReply0

BlueChipSkeptic

· 2h ago

Ethereum and Bitcoin's differences are becoming increasingly clear: one is digital gold, and the other is a technological foundation.

View OriginalReply0

DustyLedgerKid

· 2h ago

The combination of AI + DeFi has great potential for imagination, but its implementation still depends on practical use cases.

View OriginalReply0

Stop-LossInTheEveningGlow

· 2h ago

DTCC is working on tokenized collateral, and Wall Street is finally taking it seriously

View OriginalReply0

MarketMakingForMoonlitDeepPool

· 2h ago

Trading pairs in the traditional market over the past 24 hours have caused quite a shock—this is the NYSE being pushed to the brink.

View OriginalReply0

Lemon-FlavoredStopLoss

· 2h ago

BlackRock's analogy is quite clever: toll roads charge tolls every day, and ETH staking really is like collecting rent while lying down.

View OriginalReply0

Trending Topics
View More
#
TradfiTradingChallenge
208.92K Popularity
#
GrayscaleBuysAndStakesOver510KHYPE
8.89M Popularity
#
DailyPolymarketHotspot
1.01M Popularity
#
SpaceXOfficiallyFilesforIPO
734.02K Popularity
#
GateSquarePizzaDay
571.51K Popularity

Pinned

Sitemap

Sharplink CEO: The Ethereum treasury company is differentiating with the Strategy model, focusing more on staking yields

Trending Topics

TradfiTradingChallenge

GrayscaleBuysAndStakesOver510KHYPE

DailyPolymarketHotspot

SpaceXOfficiallyFilesforIPO

GateSquarePizzaDay

Pinned