According to Eric Balchunas, recent regulatory clarity from the U.S. GENIUS Act is positioning Ethereum (ETH) at the center of institutional finance, a more significant catalyst than the ETF, as cited by Etherealize founder Vivek Raman. Raman states that Wall Street is now recognizing ETH's role as the neutral collateral and settlement layer for the entire tokenized asset and stablecoin ecosystem, suggesting it will eventually be viewed as pristine as Bitcoin (BTC). From a trading perspective, the report notes ETH showed resilience by rebounding from the $2,460 support zone but faces resistance near $2,800. In other institutional news, VanEck's proposed Solana (SOL) ETF was listed on the DTCC website under the ticker VSOL, a key procedural step toward a U.S. listing. Meanwhile, the memecoin USELESS has reached a valuation of nearly $90 million, highlighting continued speculative interest in the market.