July 2025 iEthereum Digital Commodity Index Report

Letter from the Editor — July 2025
By Knive Spiel, iEthereum Advocacy Trust

July: heat at full throttle. The rivers run copper blue with snowmelt off glacial bones. Fireworks crack across a scorched sky, celebrating something we still dare to call “freedom.” For many Americans, Independence Day is a ritual of BBQs, beer, and bonding — a moment to remember the great escape from empire. And yet, here in 2025, that very celebration feels like a performance on a stage set by tyrants who steal from the back of your wallet while waving a flag at your face.

We are told we are free. But are we?
We are told we live in a democracy. But do we?
We are told the system works. But for whom?

Just days after this nation’s symbolic holiday, the headlines returned — not with justice, but with repetition. The Epstein scandal — now spanning over two decades — remains a monument to institutional rot. Once again, we’re offered shadows in place of substance. Names redacted. Records sealed. No prosecutions. Pardons on the table. No closure. Just more waiting. More pretending. Many of us have lost family and friends discussing this conspiracy for more than a quarter of a century to mostly deaf ears. Others have lost their lives.

It begs the question: if the system cannot bring justice in a case involving child abuse, political blackmail, human trafficking, or modern day slave trade from corrupt oligarchs who write the rules for me but not thee… then what exactly is worth protecting?

This is not a conspiracy theory. It is a lived experience. Turn on the news. Its happening today. It is the erosion of trust in every institution we were told to respect.

But there is another system — not perfect, not omnipotent, but incorruptible in its architecture. In the moment, it does not have known friends in high places. It has code. It does not require loyalty oaths. It demands verification. And it is called iEthereum.

iEthereum is not a platform of politics. It is a digital commodity, a public truth machine that records every action immutably, permanently, with no backdoors and no special favors. There are no VIP lanes on the iEthereum ledger. No “national security” clauses to delay justice. It is simple. It is final. And it is for everyone.

The same cannot be said for the fiat world.
The dollar, controlled by central planners, is printed and devalued on a whim.
Justice, manipulated by gatekeepers, is delayed and denied.
Information, curated by algorithms, is censored and shaped to serve the narrative.

And yet, within this darkness — a spark.
A token.
A quiet rebellion made of code, not slogans.

iEthereum represents the idea that truth can be recorded… and once recorded, cannot be changed. It is a reminder that independence is not a once-a-year holiday. It is a daily commitment to transparency, integrity, and freedom from manipulation.

To be clear: iEthereum is not a savior. It is not a utopia. It is a tool.
But the right tool in the hands of a principled people can change the course of history.

And this month, the market seems to agree.

Our Store of Value thesis — while speculative, is rooted not in blind hype, but in the tangible metals embedded in the global Apple supply chain. To be clear, the belief that iEthereum is directly tied to Apple remains a thesis — informed by brand identity overlap, circumstantial signals, and architectural alignment — not confirmed fact. Yet the valuation model we use assumes this linkage as a thought experiment, one with increasing conceptual coherence. This month, as spot metal prices rose across key components in active Apple devices, the model marked a significant jump in iEthereum’s theoretical market cap presented as a true Store of Value valuation: $14.29 billion, or $794.04 per token — a $4.22 billion increase in just 30 days. For those who see the direction of this undercurrent — not just the surface noise — this may be the final moment the word “cheap” applies.

We are in that liminal moment — between narratives collapsing and new systems rising.
Between trust lost and truth re-discovered.
Between being lied to… and verifying ourselves.

If July reminds us of anything, it is that true independence must be re-earned, not just remembered. And in this chapter of history, code may be the only law that doesn’t lie.

May your summer be bold, and your mind be free.

—
Knive Spiel
Editor-in-Chief
iEthereum Advocacy Trust

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