Bitcoin Updates: Major Institutions Drive Crypto Adoption as Bitcoin and Ethereum Surge

The cryptocurrency sector is currently undergoing significant institutional and technological shifts, which experts describe as the most optimistic developments for

and in recent memory. From high-profile business takeovers to the rollout of blockchain-powered payment platforms, the integration of conventional finance with digital currencies is gaining momentum, reflecting renewed trust in the industry's future prospects.

JPMorgan recently pointed out that CoreWeave’s acquisition of Bitcoin mining company Core Scientific at $20.40 per share establishes a new industry valuation benchmark, though the bank emphasized this is likely a unique case,

. The deal, worth about $2.4 billion, highlights the increasing institutional appetite for Bitcoin mining infrastructure. B.Riley also revised its outlook on Core Scientific, moving it to a "neutral" rating but keeping its $17 price target, indicating ongoing sector volatility.

Confidence from large investors is further strengthened by increased transparency from leading exchanges. Bitget published its Proof of Reserves (PoR) report for October 2025, showing reserve ratios of 307% for Bitcoin, 224% for Ethereum, and over 100% for stablecoins such as

and , . Bitget’s Merkle-tree verification lets users independently verify their assets, addressing persistent worries about the solvency of crypto platforms.

JPMorgan’s impact goes beyond mining operations. Its Kinexys blockchain payment network was recently adopted by South Korean trading powerhouse POSCO International for international payments, with a test run between Singapore and the U.S. already finished,

. At the same time, JPMorgan’s stock (JPM) has climbed more than 20% in 2025, fueled by its $1.5 trillion “Security and Resilience Initiative” aimed at supporting U.S. rare earth mineral production and technological progress, . The bank’s updated earnings forecasts and strong capital efficiency, including a 17% return on equity, reinforce its reputation as a major crypto-friendly institution.

BlackRock, the largest asset manager globally, purchased an additional $211 million in Bitcoin for its spot ETF in October 2025, raising its total holdings to over 800,000 BTC,

. This move demonstrates a deliberate push toward institutional-level crypto investments, positioning BlackRock as a central figure in integrating Bitcoin into mainstream investment portfolios.

Ethereum is currently facing short-term challenges, having failed several times recently to surpass the $4,000 mark,

. Nevertheless, more investors are turning to practical projects like Remittix (RTX), a PayFi token that enables cross-border crypto-to-fiat transactions without foreign exchange fees. Remittix’s beta wallet and CertiK audit have attracted over 40,000 backers, indicating a shift toward real-world applications.

Outside of Bitcoin and Ethereum, institutional interest in

is also on the rise. Evernorth, a new treasury platform focused on XRP and supported by Ripple and SBI Holdings, has unveiled plans to build a $1 billion XRP reserve through a SPAC merger, with a Nasdaq debut expected in early 2026, . The company’s approach includes operating XRP validators and utilizing Ripple’s RLUSD stablecoin to boost liquidity, drawing parallels to BlackRock’s influence in traditional finance.

Innovation in DeFi is also fueling positive sentiment. Mutuum Finance (MUTM) has wrapped up Phase 1 of its development plan, with the launch of its V1 protocol coming soon, according to

. Meanwhile, (ADA) has surpassed 115 million on-chain transactions, a significant achievement that underscores its expanding use despite stagnant prices, .

As the crypto industry adapts to clearer regulations and improved infrastructure, the combination of institutional involvement, blockchain progress, and DeFi expansion is setting up Bitcoin and Ethereum for continued growth. With influential organizations like

, BlackRock, and Evernorth driving change, the market’s evolution from speculative excitement to practical adoption is well underway.