Ethereum News: $1.3B Tokenization Pilot as Pepeto Tops $10.4M Before Listing

Ethereum news highlights a $1.3 billion tokenization pilot that has completed its first instant settlement on the Ethereum network using a yen stablecoin. The update comes as ETH trades near $1,830 after a 6.6% weekly gain following the softer inflation report dated July 15. According to CoinMarketCap, former Ethereum Foundation members launched “Ethereum Institutional” on July 2, a nonprofit backed by BitMine and Consensys that aims to guide banks into the network. The broader market is cited at $2.27 trillion, with the Fear and Greed Index reading 27. Separately, the article points to the Pepeto presale raising more than $10.4 million, with a presale price of $0.0000001883 per token and a “zero-fee” PepetoSwap exchange operating on Ethereum, BNB Chain, and Solana.