Happy Monday!

Ethereum may be, for the first time in years, the better bet in crypto, according to one prominent analyst. He calls ETH the ‘largest bet of his career’ — here’s why.

Google is showing the way in terms of where the AI bubble is headed, according to Big Short legend Steve Eisman — and it’s not looking good for GOOGL.

Plus, if you’re looking to better understand prediction markets and what Wall Street is pricing in, be sure to sign up for the upcoming Cboe and Benzinga webinar. Reserve your free spot now.

TOP STORY

'I Am Ready For $4,000': Analyst Bets Big On Ethereum Over Bitcoin For The First Time

Prominent analyst Doctor Profit has flipped his portfolio to 60% Ethereum and 40% Bitcoin, calling it the largest ETH bet of his career.

The bold allocation shift comes as ETH coils at a critical inflection point where a nine-month downtrend meets five-month range support.

The fundamental bid is building: BitMEX co-founder Arthur Hayes has accumulated 3,915 ETH worth $7.47 million since July 15 at an average price of $1,909.

Ethereum ETFs have logged three straight weeks of inflows totaling $293.76 million.

Where does ETH go from here?

SPONSORED CONTENT

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MARKET MINUTES

Anthony Scaramucci had nothing nice to say about Donald Trump’s crypto endeavors: ‘people smell corruption’ were his words — and the TRUMP memecoin has a strong scent.

‘Bitcoin Senator’ Cynthia Lummis says the CLARITY Act can help with North Korea-linked hacker attacks — but what are the chances of it passing?

Strategy did not buy any Bitcoin yet again, for the fifth week in a row. But Michael Saylor’s company did raise $544 million. Is that bullish?

FINTECH FOCUS

Big Short Legend Steve Eisman Says Google's $205-Billion AI Bill Finally Broke The Market's Patience

Big Short legend Steve Eisman says Alphabet’s $205 billion AI capex bomb finally broke the market's patience.

Eisman told his podcast the era of cheering runaway AI spending is over: Tesla dropped 14.5% on its own negative cash flow, Intel Corp slid despite its best revenue growth in 15 years, and even ServiceNow fell 38% YTD after growing revenue 24%.

"Fighting the AI narrative is like fighting a ghost," Eisman said.

But why?

BENZINGA TRIVIA CHALLENGE

🏆 Benzinga Daily Trivia Quiz: Congratulations
To Last Week’s Winners 🏆

Congratulations to our winners this past week in our weekly trivia challenge. And for the second consecutive week, we had a tie atop the leaderboard.

Join the fun by testing your market knowledge and win some amazing prizes. As a reminder, the $500 cash prize is back on the table this week, as well as Benzinga PRO and EDGE subscriptions.

The Winners

🏆 T-1st Place: Lakemary (140)

🏆 T-1st Place: Kcoallen (140)

🥉 3rd Place: GoldAndSilver (136)

🏅 4th Place:: Sealteamsniper06 (126)

Take The Short Quiz — Here’s How To Win

Winners are determined by the highest individual quiz score at the end of each week.

Don’t have time to play every day? No problem. The contest is not cumulative. You only need one great performance to win prizes.

You can improve your chances of winning by taking the quiz each day to improve your highest daily quiz score. Missed a quiz? Go back and open any newsletter during that week to start competing. Quizzes are only available through this newsletter.

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