📈 New Highs, Quiet Moves: Why Today’s S&P Close, Ethereum Pump, and Institutional Flows Matter
We’re now entering what many are calling the stablecoin cycle — and Ethereum is front and center.

The S&P 500 closed at an all-time high today — and barely anyone’s celebrating. No retail mania. No headline frenzy. Just a smooth, upward drift — and signs that something bigger is forming beneath the surface.
Crypto’s starting to stir again, too.
Ethereum posted an 8% daily move. Not historic, but purposeful — and perfectly timed within the larger arc of this market.
Let’s take a closer look.
🧾 Business M2 Is Quietly Climbing
Business M2 — the cash in the hands of corporations — is on the rise again.
It’s not going into headcount or factories. It’s being held back, quietly, as dry powder. And smart capital doesn’t sit idle — it positions early.
That brings us straight to Ethereum.