ETH is trading above $4,700 and nearing all-time highs—but what’s driving the rally? In this Bits + Bips segment, Ram Ahluwalia, Alex Kruger, Steve Ehrlich and guest Sid Powell unpack what’s really happening under the hood: from on-chain credit innovation to massive flows from new treasury vehicles like BitMine and SBET.

They also break down:

• Why Ethereum is benefiting most from regulatory clarity
• Why BitMine’s mNAV is surging while SBET lags

Whether this rally is overextended or just getting started