ChainCatcher message, Mechanism Capital partner Andrew Kang stated in a post on X, "I used to think that the ETH and ETH/BTC exchange rates were being overly hyped before the launch of an Ethereum ETF, but with Trump's profits from WLFI being used to buy ETH, and the nomination of SEC and CFTC chairs who support Ethereum/DeFi, along with the selling pressure from ETHE and the hype around ETFs dissipating, Ethereum doesn't look so bad anymore."