The validators were tied to the SSV Network, a distributed validator technology protocol that decentralizes staking infrastructure.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum has recently come under selling pressure, pausing the relentless bullish momentum that earlier this year pushed ETH to fresh all-time highs. After an aggressive impulse that began in April, the second-largest cryptocurrency by market capitalization is now showing signs of fatigue, with analysts debating whether this is simply a healthy correction or the early stages of a deeper pullback. For some, the cooldown is a natural breather after months of parabolic growth, giving the market a chance to reset before its next leg higher. However, the risks of an extended correction are mounting, especially as investors reassess valuations across the broader crypto landscape. Related Reading: Bitcoin CDD Indicator Signals LTH Distribution As Demand Offsets Pressure Despite the current uncertainty, key data from Artemis suggests Ethereum’s network activity is far from cooling down. Onchain metrics show rising demand for block space, higher transaction volumes, and consistent activity in decentralized finance (DeFi) and layer-2 ecosystems. This divergence between price action and underlying usage points to strong fundamentals, even as short-term traders lock in profits. The coming weeks will be critical in determining whether Ethereum stabilizes above key support levels or slides into a deeper correction, with network strength potentially serving as the anchor that keeps long-term bulls confident. Ethereum Fees Highlight Strength Amid Uncertainty Ethereum continues to demonstrate its dominance in the crypto ecosystem, even as price action faces pressure from broader market conditions. According to data from Artemis, shared by analyst Ted Pillows, Ethereum generated $1.4 million in network fees yesterday—the highest among all blockchains. This figure underscores Ethereum’s entrenched position as the most actively used smart contract platform, reinforcing its fundamental strength. Elevated fee generation is often tied to growing demand for block space, DeFi applications, and layer-2 activity, all of which point toward sustained utility regardless of short-term market swings. This consistent fee leadership provides a strong case for Ethereum’s long-term bullish continuation. Even during periods of consolidation, the ability to generate higher revenue than competitors highlights its network’s resilience and entrenched role in crypto’s infrastructure. Investors often view these metrics as signals of enduring value, suggesting Ethereum remains well-positioned for the next wave of capital inflows once market conditions stabilize. Still, the macroeconomic backdrop influences Ethereum’s immediate trajectory. Hawkish labor data in the United States has injected fresh uncertainty into markets, even as expectations grow that the Federal Reserve will eventually be forced to cut rates due to persistent weakness in the labor market. This policy tug-of-war creates volatility across risk assets, including crypto. For Ethereum, it means fundamentals remain strong, but price action is at the mercy of external economic signals. Ultimately, Ethereum stands at a critical intersection: its network activity and fee dominance support a bullish outlook, yet macro pressures continue to dictate short-term direction. Whether ETH resumes its uptrend or extends its correction may depend as much on Federal Reserve policy as on its own fundamental momentum. Related Reading: Whales Are Buying Solana: Two Wallets Pull 376K Tokens From Binance Price Analysis: Key Resistance Ahead Ethereum is currently trading at $4,330, consolidating after a sharp rally that carried the price above the $4,800 level earlier this month. The weekly chart shows ETH holding its ground following a strong breakout, with bulls successfully reclaiming key moving averages. The 50-week SMA at $2,931 and the 100-week SMA at $2,874 now sit well below current price levels, reinforcing Ethereum’s bullish structure. Even the 200-week SMA at $2,443 has turned into a distant support, underscoring the strength of the recent move. While momentum remains on Ethereum’s side, the chart also signals some caution. The rejection near $4,800 shows sellers are active at higher levels, creating short-term resistance. As long as ETH sustains above $4,000, however, the uptrend remains intact, with consolidation potentially serving as a base for the next attempt higher. A decisive break above $4,800 would open the door to retest the $5,000 psychological barrier and possibly set new all-time highs. Related Reading: Bitcoin Market Absorbs Supply In Batches: VDD Highlights Mature Bull Phase On the downside, losing $4,000 could trigger deeper retracements, with $3,600 emerging as the first key support. Overall, Ethereum is in a strong technical position, but its next major move will depend on whether bulls can muster enough momentum to overcome resistance and extend the rally. Featured image from Dall-E, chart from TradingView
Ledger's app enhances secure, agile stablecoin operations, potentially boosting institutional participation in digital asset ecosystems globally.
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The court's decision may redefine regulatory boundaries, influencing the future landscape of sports prediction markets in the US.
The post Third Circuit considers CFTC exclusive jurisdiction over sports prediction contracts for Kalshi and Polymarket appeared first on Crypto Briefing.
SEC Chairman Paul Atkins also reiterated the stance that “most crypto tokens are not securities” and fall outside the SEC.
The SEC delays staking for BlackRock spot Ethereum ETF, withholding approval for staking features and affecting fund returns.
The post SEC delays staking for BlackRock spot Ethereum ETF appeared first on Crypto Briefing.
The SEC has postponed its decision on the Franklin spot XRP ETF, continuing delays for crypto-based investment products under review.
The post SEC delays Franklin spot XRP ETF appeared first on Crypto Briefing.
Almanak alUSD launch on Pendle gives LPs and YT holders a 1.25x Almanak Points bonus, expanding DeFi yield opportunities.
The post Almanak launches alUSD on Pendle with 1.25x Almanak Points boost for LPs and YT holders appeared first on Crypto Briefing.
From harsh 55% taxes to a flat 20%, Japan’s crypto overhaul promises relief for investors in a bid to boost Web3 innovation.
Oracle shares jump over 30% as a bold AI strategy, record cloud backlog, and massive contracts make Larry Ellison the world’s richest person.
The broader crypto market is bouncing back with altcoins approaching important levels. Altcoins reached $1.11 trillion in August 2025, coming just 3.7% short of its previous record. Current levels hint another test could be near, with the possibility of an upcoming altcoin season. While Ethereum once dominated this space, interest appears to have shifted toward …
Shiba Inu is attempting to establish a position above the 200-day simple moving average as trading volumes increase.
This integration enhances security for RWAfi developers, potentially boosting trust and innovation in blockchain-based finance solutions.
The post Plume integrates Octane to deliver AI-powered security for RWAfi builders appeared first on Crypto Briefing.
Chainlink Labs hosts US senators on digital asset regulation at CoinDesk event, discussing policy shaping U.S. crypto market oversight.
The post Chainlink Labs hosts US senators to discuss digital asset regulation at CoinDesk Policy and Regulation event appeared first on Crypto Briefing.
Senators Kirsten Gillibrand and Cynthia Lummis said bipartisan efforts on the bill were continuing.
Bitcoin bulls have reasons to eye new all-time highs as analysis shows a BTC price breakout and ongoing resistance showdown.
Rumors linking Apple to a massive XRP purchase are circulating rapidly through the cryptocurrency community. A post on X claims that Apple is about to announce a billion-dollar buy of the digital asset, and the claim immediately captures attention online. But while some traders show excitement, one well-known XRP supporter pushes back against the story. XRP Influencer Dismisses Apple’s $1.5 Billion Buy Claim The claim about Apple spending billions on XRP gets a sharp response from XRP influencer Cobb, who is very active on X. Quoting the rumor, Cobb writes, “Are the ‘rumors’ in the room with us right now?” His comment mocks the story, comparing it to seeing ghosts, and points out that there is nothing substantial to support the claim. Related Reading: Could A Dogecoin ETF Be Launched This Week? This Expert Thinks So For many years, Apple avoided crypto completely and even placed restrictions on iOS that blocked in-app purchases involving digital tokens. Those limits were only lifted by Apple earlier this year. At the same time, some in the industry saw that as a bullish sign. However, lifting restrictions is very different from making a $1.5 billion buy of a single coin. The influencer’s response also suggests that if Apple were to enter the crypto market, XRP might not be its first choice. Bitcoin, with its trillion-dollar market value, or Ethereum, with its massive role in decentralized applications, would make far more sense for a company like Apple. Both assets are widely used by companies and even governments, unlike XRP, which remains tied more closely to its own community. By dismissing the rumor in such a direct way, Cobb shows how careful even strong supporters of XRP can be when faced with bold but unverified claims. Rumor Of Apple’s XRP Buy Circulates On X The rumor itself begins with a tweet from Dominus XRP Syndicate, an account with more than 45,000 followers. In the post, the user claims, “Strong rumors are circulating that Apple could be announcing a $1.5B $XRP purchase today.” The size of the account’s following helps the message spread quickly, drawing immediate attention in the XRP community. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken However, as the conversation progresses, the lack of confirmation becomes apparent. Apple has never shown any public interest in making such a large, speculative buy, and the company has a reputation for being very cautious with big financial moves, showing little sign of embracing digital assets in such a direct way. The idea of one of the world’s most valuable companies holding XRP excites traders, even though nothing official supports the claim. Without a statement from Apple itself, the claim remains nothing more than speculation on social media. Although it has removed past restrictions on crypto, a billion-dollar XRP buy seems highly unlikely without clear evidence. Featured image from DALL.E, chart from TradingView.com
Ledger is expanding its enterprise offerings with a new iOS app and native support for the TRON blockchain, including stablecoin transactions.
Kiln described the ETH validator exits as a precautionary step to safeguard client assets in the wake of the SwissBorg event.
Institutions hold about 25% of bitcoin ETPs, and according to one survey, 85% of firms already allocate to digital assets or plan to in 2025.
Technical traders flagged a bullish pennant breakout pattern, while large-scale whale accumulation added to growing confidence that institutional demand is building around the launch.
Ripple’s new partnership with BBVA under MiCA compliance fueled optimism that traditional banks may deepen adoption of blockchain settlement.
The listing could enhance Solana's ecosystem visibility and drive increased user engagement with meme coin platforms in the US market.
The post Binance.US lists $PUMP from Pump.fun with trading on PUMP/USDT and Solana network support appeared first on Crypto Briefing.
Markets are pricing about 30 basis points of easing for the Sept. 17 Federal Open Market Committee decision, split between a base case quarter point cut and a smaller tail for 50 basis points. Should rates drop 50bps, Bitcoin could eye a return to all-time highs. According to CME Group’s FedWatch tool, probabilities as of […]
The post Bitcoin eyes breakout toward ATH as 50bps Fed rate cut odds climb to 17% appeared first on CryptoSlate.
If the DeFi industry doesn’t adopt the security tools we've already built, then we will watch institutional capital deploy elsewhere while hackers fund their operations with our losses, writes Immunefi’s Mitchell Amador.
Developed with Brale and Stably, litUSD aims to cut costs, improve treasury management and potentially used for on-chain settlement of mortgage payments.
With ETF filings, major treasury buys, and a lightning-fast upgrade coming, Solana is drawing comparisons to early bitcoin, says Bitwise CIO Matt Hougan.
Linea opened claims for its LINEA token after a brief outage, launching a 90-day airdrop of more than 9.36 billion tokens.
St. Cloud Financial Credit Union's upcoming token highlights how smaller financial institutions may tap stablecoins to be competitive following U.S. regulatory clarity.