Track market-moving stories before they get noisy

PANews, September 18 — Arc announced the launch of Arc Studio, an AI-driven development tool that lets users describe requirements in natural language and generates full-stack on-chain applications, contracts, or agents — including frontend interfaces, backend logic, and smart contracts — within minutes, with support for code review, testing, and export. The tool natively understands the Arc and Circle development stacks, including CCTP, Circle Contracts, Gateway, and Wallets, can integrate protocols such as Aave, Morpho, and Uniswap, and is tested on nine chains: Arbitrum, Arc, Avalanche, Base, Ethereum, Monad, OP Mainnet, Polygon, and Unichain. Arc Studio can also be integrated as a sub-agent into Claude Code, Codex, and Cursor. Officials remind that AI-generated code still requires independent review and testing, and Arc Studio will not deploy, sign, fund, or submit mainnet transactions on behalf of users.

Ethereum has reached a key milestone in its supply dynamics, with approximately 35% of all ETH now staked on the network. Despite this significant development, the cryptocurrency has struggled to translate the increasingly tight supply into lasting price momentum.

Staked ETH Surges to Record LevelsAccording to data published by Ethereum.org, more than 43 million ETH are currently staked. This level represents over one-third of Ethereum’s total circulating supply and highlights the growing commitment of holders to securing the proof-of-stake blockchain.

Validators, who are responsible for processing transactions and maintaining network integrity, must lock up ETH to participate in this role. In return, they receive rewards, although staked ETH is not removed from circulation permanently and can be withdrawn after meeting established waiting periods.

The supply implications are notable. More coins are now locked in staking, reducing the amount of ETH readily available for trading on exchanges. At the same time, reserve balances held on centralized exchanges continue to trend lower, further tightening the immediate liquidity on the market.

Mini dictionary: Ethereum staking, the process where participants lock ETH to support network validation and earn rewards. Staked ETH helps secure the network and reduce supply available for trading.

MetricCurrent ValueTotal ETH staked43 million+Staking share of supply35%Key price support$2,400Resistance level$2,600Despite the shrinking supply, ETH has recently slipped below $2,400, undermining short-term bullish outlooks. The divergence is clear: not only are more coins being removed from immediate market circulation due to staking and exchange withdrawals, but buyers have not yet provided the momentum required for a decisive price rebound.

Demand Weighs on ETH Price RecoveryCoinpaper recently analyzed whether Ethereum’s supply conditions could eventually force a price move if new demand materializes. However, movements of coins off exchanges do not automatically result in higher prices, as the coins may be shifted for various non-trading purposes, including self-custody and staking.

ETH’s price weakness has coincided with broader regulatory uncertainty and mixed performance by crypto-focused exchange-traded funds (ETFs). While institutional money returned earlier this week, including a session with $121 million in ETF inflows, the recovery has so far failed to spark a sustained upward trend.

Staking activity has reached record highs, but only a meaningful increase in new demand can convert a shrinking liquid supply into a catalyst for higher prices.

Recent price action has fluctuated. ETH challenged the $2,600 region only days before slipping below $2,400, reminding traders that improved supply conditions alone do not guarantee bullish outcomes.

For now, analysts closely watch whether ETH can reclaim the $2,400 to $2,500 range, a development that may shift attention back to the $2,600 resistance zone and, if momentum builds, the more ambitious $3,000 target.

Outlook Hinges on Market DemandWith more than 43 million ETH staked and exchange reserves at their lowest in years, Ethereum’s price path depends increasingly on investor demand. A breakout above $2,500 could reinforce bullish sentiment, particularly if accompanied by renewed ETF and spot market interest.

Multiple factors continue to influence ETH’s performance, including the broader macroeconomic outlook, regulatory developments, and institutional participation. If overall demand remains subdued, the current high staking ratio may persist alongside price consolidation.

Ethereum’s record staking now amplifies price sensitivity to demand shocks, making any future surge in new buying potentially more impactful than before.

In brief Vitalik Buterin rejected the idea that AI-powered hacking means cybersecurity is doomed. He argued that AI could make formal verification practical across entire software systems. The comments build on Ethereum’s push toward AI-assisted security, privacy, STARKs, and quantum resistance. Ethereum co-founder Vitalik Buterin says AI does not spell the end of cybersecurity, arguing instead that advanced models could help make crypto software harder to break.

In a Wednesday post on X, Buterin argued that AI will not give hackers an insurmountable advantage, adding that crypto holders—including himself, with roughly 90% of his net worth in crypto—are betting that security defenses can keep pace.

Myriad: Ethereum's next move? Click to make your prediction.“It’s an increasingly common take that AI hacking means cybersecurity is doomed,” Buterin wrote. “I disagree. I think cybersecurity is naturally defense-favoring once people get their shit together.”

Buterin argued that AI could make formal verification—the use of mathematical proofs to establish that software is secure—practical even for complex systems.

“If AI can prove Navier-Stokes and FLT, then AI can prove the statement ‘this program is secure’ as a mathematical theorem,” he wrote. “Even if the program is very complicated.”

In other words, Buterin believes AI sophisticated enough to solve famously difficult mathematical problems could also prove that even complex software meets clearly defined security requirements.

That does not mean, however, that security is easy, he said. The hard part is defining what “secure” means in the first place.

Blockchain developers are increasingly using AI agents to scan code, test exploits, and verify bugs before attackers can act, with researchers uncovering vulnerabilities in both Ethereum infrastructure and Bitcoin software.

Developers across the crypto space are deploying AI defensively following several incidents that fueled fears that AI was giving attackers an advantage.

In May, security researcher Taylor Hornby used Anthropic’s Claude Opus 4.8 to uncover a four-year-old flaw in Zcash’s Orchard privacy pool that could have enabled unlimited, undetectable counterfeiting of ZEC, though developers found no evidence it had been exploited before they patched it in June.

The race between attackers and defenders accelerated in July, when Ethereum Foundation researchers said AI agents had uncovered vulnerabilities in critical network infrastructure. That same month, attackers began draining Coldcard wallets through a years-old firmware flaw that weakened seed generation, ultimately stealing roughly $130 million in Bitcoin. Coldcard maker Coinkite said AI likely helped identify the bug.

By August, the threat had spread across the Bitcoin software ecosystem. Boltz suspended its swap service, saying suspected attackers were finding flaws faster than its developers could fix them, while Core Lightning confirmed that several vulnerabilities identified in AI-generated reports were genuine. In response, the volunteer Bitcoin Red Team used AI-assisted audits to flag 4,962 potential vulnerabilities across 390 projects.

Buterin said AI can now verify entire programs rather than select components, an approach Ethereum plans to pursue over the next several years.

“There is no future for blockchains—especially blockchains with scalability and privacy—without doing this,” he said. “We need to make software actually secure. And we have already made a lot of progress.”

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The intersection of artificial intelligence and blockchain is rapidly evolving as large-scale networks push beyond theoretical discussions toward tangible applications. Two significant developments highlight the growing role of AI in enhancing both security and transaction capabilities within the crypto ecosystem.

Ethereum’s AI-assisted code verification advancesEthereum co-founder Vitalik Buterin has advocated for integrating AI-assisted formal verification to secure critical segments of blockchain code. Buterin envisions a future in which artificial intelligence not only proves complex mathematical theorems but also verifies program security with lasting assurances for developers and users.

Formal verification involves writing mathematical proofs by hand and checking them with computer assistance to guarantee that software behaves strictly according to its specifications. Unlike traditional testing, this approach seeks complete trust in the code base.

Not all AI models are equally reliable in this context. OpenAI’s EVMbench research reported that current models may produce misleading outputs by hallucinating vulnerabilities or missing intricate dependencies in Solidity, Ethereum’s primary smart contract language. Such gaps risk overlooking security flaws that might persist if reviews depend solely on AI.

Buterin maintains that the implementation of AI-assisted verification—supported by robust mathematical proofs—addresses these risks. He argues this approach is essential for developers, auditors, and institutions as reliance on blockchain technology rises.

AI-assisted code verification offers lasting protection, allowing developers to trust that critical software components remain secure even as systems expand.

Previously, teams would verify only select, sensitive parts of their software, often leaving networking and server layers unchecked. According to Buterin, advances in AI now enable comprehensive verification across broader sections of blockchain frameworks.

The Ethereum Foundation and Lean Ethereum lead the initiative, leveraging the Lean prover and Arklib—an open-source package for verified STARKs—to validate clients, zero-knowledge technologies, and Ethereum Virtual Machine implementations.

Mini dictionary: Lean prover, Lean is an open-source formal proof software system designed to help mathematicians and developers create and check mathematical proofs for software correctness. Arklib is a specialized library used to verify zero-knowledge cryptographic proofs (STARKs) within blockchain clients and systems.

XRP Ledger integration with Machine Payments ProtocolWhile Ethereum focuses on AI-driven security, the XRP Ledger (XRPL) has been incorporated as a settlement option in the Machine Payments Protocol (MPP), an open standard co-developed by Stripe and Tempo for autonomous agent payments. This integration enables AI agents and automated software to use XRPL for direct settlement of microtransactions.

MPP is designed for agentic commerce, allowing AI systems to carry out payments for accessing APIs, data, compute, or commercial services without human involvement. XRP settlement offers near-instant finality in three to five seconds, low transaction fees, and built-in support for diverse assets.

The collaboration includes contributors from Ripple and XRPL, Stripe, and Tempo, which specializes in payments for agent-based systems. The protocol’s design allows enterprises to use XRPL for distribution without requiring merchants to directly custody cryptocurrency, addressing a common hurdle for widespread adoption.

For exchanges and digital wallets, this signals a potential rise in demand for microtransaction infrastructure and irreversible settlement flows, a market segment where conventional card networks may not effectively compete.

XRP integration into the Machine Payments Protocol enables rapid, efficient, and neutral settlement for automated software agents, laying the groundwork for widespread machine-to-machine transactions.

Network/ProtocolFocusAI RoleKey Technical BenefitEthereumCode VerificationAI-assisted formal verificationEnhanced security via proven mathematical correctnessXRP Ledger (via MPP)SettlementAI-driven automated paymentsFast, low-cost, and neutral transaction settlementOutlook: Regulatory clarity and technical innovation to drive adoptionThese developments come as regulators in the US and EU increase scrutiny on software reliability in financial infrastructure. The focus is shifting toward clear standards for stablecoins, automated payments, and legal responsibilities surrounding autonomous agents under frameworks such as MICA.

Networks capable of delivering software with verified code and auditable payments position themselves to adapt to evolving regulations. For Ethereum, upcoming milestones include the Lean Ethereum release and progress on verified EVM precompiles, which may guide industry best practices. For the Machine Payments Protocol, pilot transaction volumes, software development kit rollouts, and multi-chain support will be key factors to watch.

TLDR: Ethereum transaction fees dropped from $0.72 to $0.095 per transfer since April’s price peak. Fusaka’s higher blob throughput and a 60 million gas limit expanded Ethereum’s total capacity. Layer 2 networks now absorb execution that once competed for Ethereum’s mainnet blockspace. ETH trades near $2,441, with key support at $2,365–$2,380 and resistance near $2,520–$2,530. Ethereum transaction fees have fallen sharply since the year’s peak, dropping from $0.72 per transfer on April 21st to just $0.095 per transfer today.

The decline comes even as ETH trades at a higher market value than it did during the earlier fee spike. Analysts point to reduced mainnet demand through a quieter summer season, paired with expanded network capacity, as the primary drivers behind this shift in transaction costs.

Ethereum Transaction Fees Fall Amid Network Upgrades On-chain analytics firm Santiment reported that softer mainnet demand during the bearish summer period helped push Ethereum transaction fees lower.

Fewer active users competing for blockspace during that stretch reduced the pressure on network throughput. As demand cooled, the cost required to process a standard transfer fell alongside it, giving users a noticeably cheaper experience.

💸 Ethereum transaction costs have dropped considerably. Since the year’s peak fees of $0.72 per transfer back on April 21st, $ETH costs just $0.095 per transfer today, even with ETH trading at a higher market value now.

📉 Softer mainnet demand through the bearish summer helped… pic.twitter.com/gaWkEKUN25

— Santiment Intelligence (@SantimentData) September 17, 2026

Beyond reduced demand, Ethereum’s expanded capacity has played an equally important role. The Fusaka upgrade introduced higher blob throughput, which increases the amount of data the network can process per block.

This additional headroom allows more transactions to move through the system without pushing fees upward, even as usage patterns shift over time.

A raised gas limit of 60 million has further contributed to the network’s expanded capacity. This adjustment gives each block more room to process transactions, spreading demand across a larger pool of available space.

Layer 2 networks have also absorbed a substantial share of execution that once competed directly for mainnet blockspace, easing congestion further.

Together, these factors have made Ethereum considerably easier and cheaper to use for everyday activity. Swaps, transfers, DeFi positions, stablecoin movements, and ERC-20 token activity no longer require users to sacrifice several dollars per transaction.

Lower Ethereum transaction fees remove a longstanding barrier to participation, even though cheap execution alone does not confirm that demand is strengthening again.

ETH Price Tests Key Trendline Near $2,460 Resistance Ethereum traded at $2,441.34 as of writing, reflecting a 2.20 percent increase over the past 24 hours. Trading volume during that period reached $12.198 billion, indicating active market participation despite mixed weekly performance.

Over the past seven days, ETH has posted a 0.60 percent decline, suggesting the broader trend remains cautious even amid short-term gains.

Market analyst Cryptorphic noted that ETH is bouncing from a key support zone between $2,365 and $2,380 following a recent price drop.

$ETH is bouncing from the key $2,365–$2,380 support zone after the recent drop.

Price is now testing the broken rising trendline around $2,460. Reclaiming it could bring another move toward the $2,520–$2,530 resistance, while rejection here may send ETH back toward support.

For… pic.twitter.com/8UWHWpRA7P

— Cryptorphic (@Cryptorphic1) September 17, 2026

This zone has served as a floor during the latest pullback, preventing further downside movement. Price action around this level will likely continue to shape near-term sentiment among traders watching the asset closely.

Price is now testing a broken rising trendline near $2,460, according to the same analysis. A successful reclaim of this trendline could open the door toward the $2,520 to $2,530 resistance range.

Traders are watching this zone carefully, as a move higher would mark a shift back toward the earlier upward trend.

Rejection at the trendline, however, could send ETH back toward its support zone near $2,365. This makes the current price reaction one of the more important technical signals for Ethereum in the short term.

Lower Ethereum transaction fees paired with this price setup may offer a favorable backdrop for renewed network activity ahead.

Ethereum’s average transaction fees have fallen sharply in recent months, sliding from $0.72 per transfer in April to just $0.095 today. This dramatic decline arrived as Ethereum’s market price remains near yearly highs, highlighting the impact of recent technical upgrades and changing user demand on network costs.

Network activity cools as upgrades take holdAnalytics provider Santiment attributed much of the fee reduction to subdued mainnet activity during the summer’s quieter trading environment. With fewer active users competing for Ethereum’s blockspace, congestion eased and processing costs dropped.

Santiment noted transaction costs have decreased considerably since reaching their yearly peak. The firm highlighted that despite Ethereum’s higher price, users now pay significantly less per transaction, with current fees measured at $0.095 compared to $0.72 in April.

While seasonal demand is down, Ethereum’s increased network capacity has also played an important role in reducing fees. The Fusaka upgrade brought higher blob throughput, enabling the blockchain to handle more data with every block and easing congestion further.

In addition, Ethereum’s gas limit was raised to 60 million, increasing the number of transactions processed in each block and further diluting competition for blockspace.

Layer 2 networks, such as Optimism and Arbitrum, have absorbed a significant share of network activity that previously occurred directly on Ethereum’s mainnet. These secondary protocols help reduce demand for mainnet blockspace and thereby ease upward pressure on fees.

Mini dictionary: Fusaka upgrade, a network improvement on Ethereum that increases “blob” data throughput, allowing for greater transaction capacity and helping decrease congestion.

These combined factors have given users a more affordable experience for activities such as token transfers and decentralized finance transactions. Lower transaction costs address one of the platform’s long-standing hurdles to broader adoption, though fee reductions alone do not necessarily signal renewed network growth.

ETH price tests key support and resistance zonesETH most recently traded near $2,441, marking a 2.2% rise over the previous 24 hours and showing sturdy trading volumes of $12.2 billion. Despite this bounce, weekly performance has cooled, with the token declining 0.6% over the past seven days.

Market analyst Cryptorphic identified $2,365 to $2,380 as an important support zone, stating that ETH has rebounded from this range after a recent dip.

According to the analysis, price is currently testing a broken rising trendline around $2,460. If ETH reclaims this level, a further advance toward the $2,520 to $2,530 resistance area could follow, while failure may result in a return to support.

This technical area remains a focal point for traders anticipating a potential shift in short-term sentiment. The asset’s ability to sustain movements beyond its immediate support and resistance levels may influence near-term outlooks.

Meanwhile, the improved fee environment could help stimulate activity if market participants regain confidence and push for higher transaction volumes in the months ahead.

MetricApril 2026September 2026Average transaction fee$0.72$0.095Gas limitPreviously lower60 millionETH priceLower than $2,441$2,441Key support zone$2,365–$2,380$2,365–$2,380Key resistance$2,520–$2,530$2,520–$2,530

More than a quarter-million Ethereum-based USDT wallets vanished in less than two weeks. Analytics firm Santiment flagged the contraction, which saw non-empty wallet counts fall by 251,350 over an 11-day stretch, marking one of the steepest declines in Tether holder activity on Ethereum in recent memory.

Santiment’s data captured a particularly intense 48-hour window within that 11-day period, during which non-empty Ethereum USDT wallets fell by 72,841 addresses. That’s roughly a 0.54% decline in a metric that almost never moves backward.

Ethereum still hosts approximately 13.46 million USDT holders, and the stablecoin’s market cap on the network sits around $96.1 billion. Santiment interprets the decline as a capitulation signal, meaning smaller holders are closing out their positions or consolidating funds.

The firm draws a parallel to a similar episode from December 2024. Between December 19 and December 31 of that year, Ethereum saw a comparable drop in non-empty USDT addresses. What followed was a nearly 10% rally in Bitcoin’s price.

Address consolidation is another factor. Users and services routinely merge balances from multiple wallets into fewer, larger ones, which can deflate wallet counts without any actual capital leaving the ecosystem.

Tether’s own operational activity adds another layer. The company burned $2.5 billion in USDT on the Ethereum network on July 7, 2026, its largest single-day reduction in six months. Treasury burns like this are standard practice for Tether, typically reflecting redemptions or supply management. Notably, there’s no direct evidence linking the wallet decline to Tether’s blacklisting or freeze operations, though Tether has frozen hundreds of millions of dollars across various addresses in recent months as part of its compliance efforts.

Some of the wallet decline may also reflect migration rather than capitulation. Tether operates across multiple blockchains, and users shifting USDT activity from Ethereum to Tron or other networks would show up as declining Ethereum wallet counts without representing any actual reduction in Tether usage overall.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

2 hours ago

According to PeckShield monitoring, DeFi protocol Nostra has fallen victim to an oracle attack. A manipulated NSTR oracle price allowed a single account to borrow roughly $3.5 million worth of ETH, STRK, USDC, USDT, WBTC, and DAI on Nostra’s Starknet money market using NSTR as collateral. The attacker has since bridged approximately $1.92 million in stolen funds—including 234.57 ETH and 1.3 million DAI—to Ethereum.

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Shiba Inu, Zcash, Ethereum, and Dogecoin are currently in technically sensitive positions, with each asset at critical trading thresholds that may shape their short-term outlooks. Recent price movements have left traders closely watching key support and resistance levels across these major cryptocurrencies.

Shiba Inu struggles within moving-average clusterShiba Inu (SHIB) is fluctuating around $0.00000506, caught in a tight cluster of its major moving averages. Resistance sits at $0.00000510 to $0.00000520, a barrier the token has repeatedly failed to convert into clear support since late August. September’s unsuccessful rally toward $0.00000555 resulted in progressively lower highs, reflecting waning momentum.

A dense network of moving averages, spanning $0.00000495 to $0.00000510, now compounds the uncertainty. Trading volume has sharply declined compared to the August breakout, and the Relative Strength Index (RSI) steadied around the neutral 50 mark. The broader trend remains weak, with SHIB trading beneath its long-term declining moving average at $0.00000565.

SHIB must hold above the $0.00000490 to $0.00000500 area to preserve its current consolidation. Should it slip below, further declines toward $0.00000470, $0.00000460, or even $0.00000440 could follow. For bulls, reclaiming and closing above $0.00000520 is essential to challenge the next resistance at $0.00000550. Until that happens, SHIB’s daily structure remains vulnerable and technically indecisive.

After several failed attempts to secure $0.00000510–$0.00000520 as stable support, SHIB continues to show little convincing momentum, but prolonged compression inside moving averages could precede a larger move.

Zcash maintains strong uptrend after breakoutZcash (ZEC) recently climbed as high as $1,376, maintaining strong upward momentum following a surge above the prior resistance between $1,250 and $1,300. This move distinguished ZEC from many other large-cap cryptocurrencies, which are currently experiencing corrections or consolidation phases.

Recent consolidation between $1,080 and $1,240 laid the groundwork for the latest expansion. After attracting buyers near $1,080, ZEC rapidly moved through $1,250 and $1,300, marking a near-vertical upswing. The fastest moving average already sits above $1,000, while medium-term averages remain significantly lower, underscoring how stretched the price is relative to historical norms. The RSI is moving closer to 70 and approaching overbought territory, reflecting heightened buying activity.

Immediate psychological resistance now sits at $1,400, with little visible price history above that level, potentially allowing for further upward movement. However, volatility risk remains significant. Key support levels include $1,300, followed by $1,200 to $1,250, and a more substantial pullback could target $1,100.

Mini dictionary: Zcash (ZEC) is a privacy-focused cryptocurrency that uses zero-knowledge proofs (zk-SNARKs) to enable fully shielded transactions, ensuring both privacy and fungibility for users.

CoinCurrent PriceNearest ResistanceNearest SupportShiba Inu (SHIB)$0.00000506$0.00000510–$0.00000520$0.00000490–$0.00000500Zcash (ZEC)$1,376$1,400$1,300 / $1,200–$1,250Ethereum (ETH)$2,455$2,500–$2,560$2,400 / $2,280Dogecoin (DOGE)$0.0813$0.084–$0.085 / $0.090–$0.094$0.079–$0.080Ethereum consolidates gains above major moving averagesEthereum (ETH) continues its consolidation phase after a significant August breakout, currently trading close to $2,455. The main range is defined by support at $2,400 and resistance between $2,500 and $2,560. ETH has maintained a structurally stronger position compared to previous periods, holding above its critical moving averages despite repeated attempts by sellers to force breakdowns below $2,400.

Short-term momentum has faded, with the RSI returning to a neutral reading near 50 after peaking in overbought territory during the breakout. Volume surges have mostly aligned with volatile downward moves, highlighting that $2,400 is not an unbreachable support level. However, ETH remains comfortably above dense support from its underlying averages, including clusters at $2,160 to $2,220 and stronger support at $2,280.

A break below $2,360 could bring a rapid correction toward $2,280. Alternatively, a recovery above $2,500 and clear break of $2,560 would be required to resume the previous uptrend. For now, consolidation dominates ETH’s technical picture until movement beyond these boundaries occurs.

Dogecoin faces renewed selling pressureDogecoin (DOGE) is in a notably weaker technical condition. The coin is trading near $0.0813 after another failed attempt to break through the $0.090 to $0.092 resistance area. Following a promising rally in August where DOGE briefly spiked above $0.10, buyers have repeatedly struggled to sustain gains beyond the long-term moving average, currently located close to $0.093.

Multiple lower highs and a fall back under critical short-term moving averages ($0.082 to $0.084) have left the broader structure under pressure. The RSI has dropped to a neutral stance, and there is little sign of renewed buyers’ interest. Immediate support exists at $0.079 to $0.080, with recent price action showing some demand at this level.

If this support is lost, DOGE could revisit $0.076 or the prior accumulation zone between $0.070 and $0.072. Bulls must first retake $0.084–$0.085 before confronting the significant resistance at $0.090 to $0.094. Until then, DOGE’s August breakout is increasingly appearing to have been a false start against a larger downward trend.

Dogecoin’s repeated rejections from the $0.090–$0.092 region and its declining structure highlight the challenges facing bullish traders, with the risk of further declines if immediate supports are breached.

XRP ETF Inflows Beat the Trend as Bitcoin, Ethereum ETFs Lose $520M

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Ethereum’s Glamsterdam upgrade just passed its latest private devnet rehearsal, clearing the way for a public testnet deployment on the Sepolia network tentatively scheduled for October 6, 2026, at 13:53 UTC. If all goes according to plan, the upgrade would land on mainnet sometime in Q4 2026, bringing with it one of the most aggressive capacity expansions in the network’s history.

The target: nearly tripling Ethereum’s block gas limit from roughly 60 million to 200 million.

What Glamsterdam actually changes The upgrade bundles two layers of improvements under one roof. On the consensus side, changes are grouped under the name Gloas. On the execution side, they fall under Amsterdam. Together, they form Glamsterdam, following the naming convention Ethereum has used since merging its upgrade tracks.

The headline feature is enshrined proposer-builder separation, or ePBS, introduced through EIP-7732. Right now, Ethereum’s block production pipeline leans heavily on off-protocol MEV relays, third-party services that sit between validators and block builders to coordinate transaction ordering. These relays introduce centralization risks and trust assumptions. ePBS bakes that separation directly into the protocol itself, reducing dependence on external infrastructure.

The second major technical addition is block-level access lists, or BALs, delivered via EIP-7928. These allow transactions within a block to declare upfront which parts of Ethereum’s state they intend to touch. That declaration enables safer parallel execution of transactions, meaning the network can process more work simultaneously without risking conflicts between operations that modify the same data.

Combined with adjustments to gas pricing models, these changes are projected to reduce transaction fees for many common operations by approximately 78.6%.

The road to Sepolia The October 6 testnet date is tentative, contingent on continued stability in the private testing environment known as Devnet-11. Previous devnet cycles for Glamsterdam surfaced implementation bugs and finality issues, the kind of problems where the network temporarily loses its ability to confirm blocks as permanent. Those findings prompted the development teams to push back timelines rather than ship known instability to a wider audience.

A longer-lived public test environment called Platåberget was also used for early compatibility checks across Ethereum’s various client implementations. Multiple independent teams build and maintain Ethereum’s software, so every upgrade requires careful coordination to ensure all clients agree on the new rules simultaneously.

This cautious approach mirrors what happened with the Pectra upgrade, which also encountered delays during its devnet phase before eventually reaching mainnet. Fusaka, the upgrade that preceded Glamsterdam in Ethereum’s roadmap, went through a similar gauntlet.

Where Glamsterdam fits in the bigger picture Glamsterdam sits within the phase of Ethereum’s long-term roadmap known as the Surge, the umbrella term for all scaling-related improvements across both Layer 1 and Layer 2. While much of Ethereum’s recent scaling story has been about L2 rollups handling transaction volume off the main chain, Glamsterdam focuses squarely on making L1 itself more capable.

L2 networks like Arbitrum, Optimism, and Base still settle their transactions back to Ethereum’s base layer. A more capable L1 means those rollups can post data more cheaply and frequently, improving the entire ecosystem’s throughput from the bottom up.

By enshrining proposer-builder separation at the protocol level, Glamsterdam reduces the structural advantage that sophisticated MEV operators currently hold over ordinary users.

If the Sepolia fork on October 6 goes smoothly, attention will shift toward a mainnet activation timeline. Q4 2026 remains the target, though no specific mainnet date has been committed to yet.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Abu Dhabi, Dubai, UAE, September 17th, 2026, Chainwire

Motoswap announces the launch of its decentralized exchange on Ethereum, introducing a trading model built on Uniswap v2’s constant-product mathematics with fees distributed among liquidity providers, traders, MOTO stakers, the treasury and MOTO buy-and-burn.

Robinhood Chain went live in July with Circle’s Arc following in September. This reflects the growing role of EVM networks in onchain activity and raises a question over why the DEX layer sitting on top of them has changed little in years.

According to the company, onchain volume is driven by memecoins and trench traders, by speed and attention rather than by settlement. They claim Uniswap became the default venue for that activity not because it was built for it, but because there was nowhere else to go. V3’s concentrated liquidity was engineered for capital efficiency, which rewards professional market makers who can actively manage ranges and disadvantages participants who cannot. V4 opened the door to customization but changed little about what an ordinary participant receives for providing liquidity or trading, and that same architecture is now being shipped to every new chain that launches. The gap is not liquidity or throughput. It is that major venues treat the trader as the source of fees rather than as a participant, taking fees from the people generating the volume and returning nothing. Motoswap was built on a different assumption.

The launch mechanics follow the same logic. A token deployed through Motoswap opens two pools, TOKEN/ETH and TOKEN/MOTO, with the LP burned inside the launch transaction, nobody holds the claim ticket, so nobody can pull the liquidity, not the creator and not the protocol. Half of that MOTO pool is locked under the token permanently, which means demand for new tokens is demand for MOTO as a matter of mechanics rather than narrative. Creators get the thing Solana solved and the EVM never did: a 0.2% cash cut of their own token’s trades, claimable without ever selling into their own chart. On Uniswap v2 the deployer earns nothing and has exactly one way to get paid, which is to sell. That single plumbing difference is most of why launches went to Solana and stayed there.

The framing is deliberate. Most DEXes were built like an on-chain NYSE, waiting for institutions that never showed up while retail paid every fee and got nothing back. Motoswap is built as a casino on purpose, with the rake wired into the contracts and pointed at the players. Rakeback is a casino word, used knowingly.

Few projects have challenged Uniswap as significantly since SushiSwap’s 2020 campaign, which moved more than a billion dollars in liquidity within a week. Everything since has been forks, aggregators and interfaces, all competing on price or routing while accepting Uniswap’s incentive model as settled law, none of them touching the thing that actually decides where volume lives, which is who gets paid. Motoswap does not ask traders to accept worse execution, bridge somewhere unfamiliar, or trust a new curve. It runs the same constant-product math that carried every major EVM player. The traders get paid for simply executing. A deployer gets paid in cash instead of selling their own chart. An LP keeps the largest slice and farms on top of it. Every seat at the table is better than the seat it replaces. The Motoswap primitive solves the gap, sees the opportunity and revolutionizes the EVM landscape. 

About Motoswap

Motoswap is a decentralized exchange built on Ethereum that routes the majority of every swap fee back to the people who generate it. Traders receive Rakeback in cash on every trade, MOTO stakers share protocol revenue, and tokens launched on Motoswap open with liquidity permanently locked. Motoswap is expanding to all major EVM blockchains. 

motoswap.org · @motoswap

The US stock market’s CPU sector continues to rally, with Intel’s gains expanding to 10% and AMD rising more than 7%.

According to market data from BIT (bit.com), the US CPU sector continues to rally, with Intel’s gains expanding to 10%, AMD rising over 7%, Arm up more than 8%, Qualcomm advancing over 3%, and Nvidia increasing by more than 2%.

1 hours ago

2026 U.S. Federal Reserve terminal rate outlook: The probability of another 50 basis point rate hike stands at 37.2%, while the likelihood of keeping rates unchanged at current levels is 13.3%.

According to CME Group’s FedWatch data, after the U.S. Federal Reserve implemented its first interest rate hike in three years, market focus has shifted to whether this move is a policy "recalibration" or the start of a new consecutive rate hike cycle. The two remaining FOMC meetings in 2026 are scheduled for October and December respectively. Currently, the probability of holding interest rates steady at the October meeting is 49.1%, while the chance of a 25 basis point hike is 5.9%. For the period through December, the probability of rates remaining unchanged from current levels is 13.3%, a cumulative 25 basis point hike has a 49.6% probability, and a cumulative 50 basis point hike carries a 37.2% chance.

1 hours ago

Lobster token’s market cap briefly surpassed $246 million, hitting an all-time high, with a 13.5% rise in the past 24 hours.

According to GMGN market data, the Chinese Meme coin "Lobster" briefly hit a market capitalization of over $246 million, setting a new all-time high. The token has a 13.5% 24-hour price increase, with its current market cap at $237 million and 24-hour trading volume at $5.8 million. BlockBeats reminds users that prices of related tokens are highly volatile, so investors should exercise caution.

1 hours ago

UNI breaks through $7.3; Uniswap founder says v4 pools are a new gateway for compliant on-chain US stock trading.

According to HTX market data, UNI has surged past $7.3, gaining over 15.6% in the 24-hour period. Today, Uniswap founder Hayden Adams stated that for Automated Market Makers (AMMs), the most critical point is not the main text of the SEC’s "innovation exemption" but the accompanying opinion from Commissioner Hester Peirce. This means the general permissionless Uniswap is not included in this regulatory sandbox and does not need to apply for an exemption in the first place. The exemption applies to permissioned liquidity pools on Uniswap v4, a path that can be chosen when assets and users require compliant channels. Hayden Adams believes that permissioned Uniswap v4 pools are the new entry point for compliant on-chain US stock trading.

1 hours ago

Artificial Inu (AI) hits an all-time high market cap of over $360 million, surging 32.1% in 24 hours.

According to GMGN data, the crypto meme coin Artificial Inu (AI) on the Robinhood Chain has hit a new all-time high, with its market cap exceeding $360 million, a 24-hour gain of 32.1%, and trading volume of $23.9 million. Artificial Inu was launched via Long.xyz, a launchpad on the Robinhood Chain, and uses tokenized Nvidia stock as its liquidity pool, with liquidity provided via the AI/NVDA trading pair. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks. Unlike standard meme coins that pair with USDT or ETH, Stock Memes are directly paired with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative traits while leveraging the popularity and narratives of real stocks. A portion of transaction fees is typically funneled back to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment-driven speculation + real asset anchoring". BlockBeats reminds users that token prices are highly volatile, so investment should be approached with caution.

1 hours ago

Backpack platform’s token BP surges past $0.53, with a more than 18.4% gain in the last 24 hours.

According to HTX market data, Backpack’s platform token BP has surged past $0.53, logging a more than 18.4% gain in the past 24 hours. The price movement is mainly driven by news that the SEC has approved limited trading of tokenized stocks on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real US stock trading market for international investors, allowing eligible users to trade and hold actual US stocks around the clock rather than synthetic derivatives. Backpack stated that the platform provides actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements.

1 hours ago

Deutsche Bank says it will begin offering digital asset custody to institutional customers.

In a corporate statement, the bank said that it would launch its digital asset custody solution this year. European clients will gain access to regulated custody services for “selected digital assets.” At launch, Deutsche Bank will support Bitcoin and Ether, as well as several stablecoins, including USDC, EURC, and EURAU.

Gerald Podobnik, Co-Head Corporate Bank, said that digital assets are not a replacement for the traditional financial system but are complementary.

“Our aim is to offer clients a secure and regulated gateway to this evolving market.”

Deutsche Bank said the service depends on applicable regulatory requirements. Deutsche Bank’s custody launch is not a new CASP application but a notification to its home supervisor.

Multiple financial institutions already offer digital asset custody in Europe. Standard Chartered, BBVA, Société Générale and others offer custody, with some providing services for retail customers.

In Germany, Commerzbank was the first German full-service bank with a crypto custody license.

Beyond banks, multiple digital asset platforms also provide custody, including well-known names like BitGo, Börse Stuttgart Digital Custody, and others.

Providing crypto custody services that meet the needs of institutional and retail customers is quickly becoming the norm.

The U.S. Securities and Exchange Commission (SEC) has made a significant decision that paves the way for tokenized U.S. stocks to be traded on blockchains.

SEC Grants Temporary Trading Permission for Tokenized Shares! Accordingly, the SEC provided a temporary and conditional exemption, described as an “innovation exemption,” allowing for limited trading of tokenized US stocks in on-chain environments.

With this decision, the SEC granted a temporary exemption to platforms called Tokenized Securities Platforms (TSVs), allowing the trading of tokenized US stocks under certain conditions.

This exemption will be temporary and will expire five years after its publication. The SEC’s five-year conditional exemption allows certain platforms to conduct on-chain trading of tokenized shares.

Traditional Stock Connection Requirement! One of the key elements of the regulation is maintaining the link between the tokenized asset and the physical stock. According to Reuters, under the new regulation, tokenized shares traded on TSV must be subject to limitations in terms of both trading volume and the number of shares that can be listed.

Under the new framework, only physically backed tokenized shares with the same rights as traditional shares, including dividends and voting rights, are eligible for the exemption, while synthetic assets designed solely to track prices are strictly excluded. In other words, the legal and economic link between the token and the underlying real share must be preserved.

The plan is to involve companies in the process regarding tokenized shares created by third parties. If a third party tokenizes a share, TSV will be obligated to inform the issuing company, and trading may be prohibited if the company exercises its veto right. The requirement to inform the relevant company before the token is listed on the trading platform, and the possibility of blocking the transaction if the company objects, are among the notable aspects of the regulation.

What Does This Mean for the Cryptocurrency Market? The SEC also requires that the smart contracts used by TSVs be auditable and publicly accessible, and operate on a public, permissionless distributed ledger. In context, the SEC is not limiting the system to entirely closed private blockchains accessible only to banks and financial institutions.

The public, permissionless distributed ledger model mandated by the SEC is technically similar to the working structure of public blockchains like Ethereum and Solana. However, the SEC statement does not directly mention Ethereum or Solana. Therefore, these can be cited as examples of the infrastructure described by the SEC, rather than as specific networks permitted by the decision. Consequently, it is not yet clear which blockchain networks will be preferred by TSVs (Traffic Switching Platforms). Furthermore, the fact that a blockchain is open and auditable does not mean that anyone can transact anonymously on the platform.

*This is not investment advice.

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BlackRock’s latest wallet activity points to a sizable repositioning across its Bitcoin [BTC] and Ethereum [ETH] holdings, with $62 million moving through Coinbase Prime.

The transfers involved 656.71 BTC worth about $49.79 million and 5.15K ETH worth roughly $12.28 million. Most Bitcoin moved in two 300 BTC transfers, valued at $22.87 million and $22.64 million, while another 56.71 BTC added $4.28 million.

Source: Arkham Meanwhile, its tracked portfolio holds 787.349 K BTC with a total value of $60.15 billion and 3.556 million ETH worth $8.68 billion. As such, the recent Bitcoin transaction represents a very minor percentage of BlackRock’s overall stated holdings of Bitcoin.

Source: Arkham Similarly, the recent ETH transaction represents a relatively minor increase to BlackRock’s previously stated holdings.

While the aforementioned transactions do not demonstrate whether the assets are supporting ETF operations or longer-term custodial services. Subsequent wallet transactions will better indicate how BlackRock intends to utilize the funds.

BlackRock’s ETF holdings hold firm BlackRock’s overall ETF holdings show the broader position BlackRock had behind the transfers it made with IBIT and ETHA. IBIT holds about 795K BTC, while ETHA holds roughly 3.6 million ETH. Both funds have retained substantial holdings despite major price declines.

Source: CryptoQuant IBIT’s holdings fell only 9% from nearly 800K BTC in 2025 to the July 2026 low, while Bitcoin lost more than 50%. Since then, the holdings in IBIT have increased to be near the highest level previously seen.

Similarly, ETHA’s holdings decreased by 30% from their peak of 4 million ETH to 2.8 million ETH when Ether decreased by over 60%. However, those holdings have now increased back to 3.6 million ETH.

Source: CryptoQuant These results demonstrate that BlackRock’s overall ETF exposure has remained resilient through the downturn.

These two funds represent approximately 4% of Bitcoin’s total circulating supply and approximately 3% of Ethereum’s total circulating supply. Therefore, these positions give BlackRock a sizable presence in both markets.

Institutional demand loses momentum The trend of flow-shifting was made clear as ETFs for Bitcoin and Ethereum had enjoyed August demand in the month of August. In the weeks ending 4 September, Bitcoin-based ETFs brought in $986.85 million, while Ethereum-based ETFs brought in $218.41 million.

Source: SoSoValue Bitcoin then recorded $462.73 million in weekly outflows by the 11th of September, while Ethereum still attracted $197.11 million. The divergence narrowed after the 15th of September, when Bitcoin lost $450.33 million and Ethereum shed $141.47 million.

Source: SoSoValue On the 16th of September, both assets suffered greater losses than they did previously, with Bitcoin losing $295.90 million and Ethereum losing $224.11 million. The timing of these losses occurred as investor sentiment worsened due to a Senate setback regarding the CLARITY Act.

Together, the flows show institutional demand weakening across both assets, limiting ETF-driven support for prices.

Final Summary BlackRock’s Bitcoin and Ethereum holdings remain resilient despite market volatility. Rising BTC and ETH ETF outflows now weaken institutional demand and buying support.

Ethereum traded near $2,440 after the Federal Reserve lifted interest rates by 25 basis points, moving the federal funds rate to a range of 3.75% to 4.00% on September 16. The price maintained its consolidation zone, sitting between $2,350 and $2,600 since late August.

Fed Rate Decision and Market ReactionFederal Reserve Chair Kevin Warsh commented that the US economy remained robust, while financial conditions had not become clearly restrictive. He indicated that further rate hikes might be considered if inflation pressures persist.

While Bitcoin showed more volatility following the announcement, testing support near $75,000, Ethereum’s price chart presented a steadier outlook. The daily relative strength index (RSI) remained at about 54, signaling neutral momentum without signs of being oversold or overbought.

In comparison with Bitcoin, Ethereum’s price behavior has been more stable in recent sessions, offering traders a relatively calm market environment despite global macroeconomic developments.

Ethereum has stayed within its established price range after the Fed’s September rate hike, while Bitcoin reacted more sharply by testing lower support levels.

Ethereum ETFs: Outflows and Comparison With Bitcoin FundsSpot Ethereum exchange-traded funds recorded net outflows totaling $224.11 million on September 16, following withdrawals of $141.47 million in the previous session. Across the seven trading days from September 8 to September 16, total outflows summed to $47.45 million, reflecting both strong inflows on several days and moderate later withdrawals.

In contrast, Bitcoin ETFs saw net outflows reaching approximately $1.05 billion over the same period, highlighting a wider institutional move out of Bitcoin-related funds compared to Ethereum-focused products.

ETF7-Day OutflowEthereum$47.45 millionBitcoin$1.05 billionOn-exchange reserves of ETH continued to decline, with CryptoQuant data showing a reduction from more than 21 million coins in early 2025 to roughly 14.6 million as of September 2026. This drop suggests tightening supply on trading platforms.

Shifts in Stablecoin Liquidity and Network ActivityData from DeFiLlama indicates Ethereum maintains its position as the largest base for stablecoin liquidity among all layer-1 blockchains, comprising about half of the global $300 billion stablecoin market. Increased activity on the network has been linked to a recent turnaround in stablecoin inflows, after several months of outflows.

Token Terminal statistics report Ethereum registered over 203 million processed transactions in the second quarter of 2026, a 68.4% increase from the previous year. Over the ongoing third quarter, ETH has gained 52% in value.

Analyst Leon Waidmann noted that liquidity is returning to Ethereum as stablecoin markets rebound. USDT continues to lead with 49.6% market share among Ethereum-based stablecoins, while USDC’s share has climbed to 31.8%. The difference between the two narrowed from 34.2 percentage points in November 2024 to 17.8 points in September 2026.

Since November 2024, USDT supply on Ethereum has grown by 22%, whereas USDC supply increased by 83%. However, during 2026, USDT’s supply fell by 15.5%, with USDC declining by only 2.9%.

DateUSDT Supply ChangeUSDC Supply ChangeNov 2024–Sep 2026+22%+83%2026-15.5%-2.9%A daily close above $2,500 is considered necessary for Ethereum to break out of its current range, while $2,350 serves as the main support level for traders to monitor.

Mini dictionary: DeFiLlama — a blockchain data aggregator focused on decentralized finance metrics, including network activity, total value locked, and stablecoin flows across various protocols and networks.

ETH’s exchange reserves have fallen sharply over the past year, tightening available supply on trading platforms and potentially increasing sensitivity to further demand changes.

Ethereum Price hovered at $2,445 on Thursday after briefly falling below the closely watched $2,400 support zone. 

Bitcoin traded near $76,845, while XRP changed hands around $1.31 and Solana advanced toward $100.88 during the same session. 

The rebound followed sharp volatility triggered by tighter monetary policy, ETF withdrawals, and another Washington setback for cryptocurrency regulation.

Ethereum price had touched an intraday low near $2,372 before reclaiming $2,400 as dip demand emerged after Wednesday’s decline. However, renewed institutional selling and higher borrowing costs continue to challenge the strength of that recovery across short-term trading desks.

Fed Rate Hike Tightens Financial Conditions The Federal Open Market Committee raised its benchmark rate by 25 basis points following its September meeting in Washington. That unanimous decision lifted the target range to 3.75%–4.00%, marking the first increase since 2023. The move was supported by high inflation, strong spending, stable growth in employment and strong business investment across the economy, as cited by policymakers.

Increased rates are likely to stress Ethereum as higher Treasury yields decline the demand of assets that possess higher volatility. Stricter funding also constrains speculative liquidity, which tends to dampen cryptocurrency impetus following policy statements.  Fed officials left future decisions dependent on inflation, employment, and broader economic data through the remaining meetings this year.

Regulatory uncertainty also increased after the Senate rejected the CLARITY Act’s procedural motion by 49–50. The measure needed 60 votes, leaving lawmakers far short of advancing comprehensive digital asset market rules. Democrats cited unresolved ethics concerns, while three Republicans also opposed the motion, deepening doubts about passage this year.

ETF Outflows Deepen Pressure on Ethereum United States spot Bitcoin ETFs reported $296 million in net withdrawals on September 16. Spot Ether products lost another $224 million, taking combined daily redemptions to approximately $520 million. Those figures showed institutional caution among large investors immediately surrounding the Fed’s widely expected rate decision.

Source: Sosovalue data BlackRock’s ETHA recorded the largest Ether fund withdrawal across listed products, losing $110 million during the session. Morgan Stanley’s MSBT resisted the broader Bitcoin ETF decline, attracting $3.47 million in fresh capital. Persistent Ether redemptions could restrict upside momentum even if the token maintains support above $2,400.

Will Ethereum Price Hold Above $2,400? Ethereum’s recovery keeps $2,400 as the immediate level separating stabilization from another decline. A sustained break below that threshold could expose $2,372, followed by deeper support around $2,350. Holding the level would instead strengthen attempts toward resistance between $2,450 and $2,500, as per the detailed ETH price analysis.

Technical readings provide a tempered optimism, but do not attest to a permanent recovery. The Relative Strength Index was close to 53.7, which showed neutral momentum that is not overbought. In the meantime, the MACD indicator hit 6.31, which generated a short-term purchase signal as the momentum improved.

Source: TradingView To extend its rebound, Ethereum still needs to take in ETF selling and tight financial terms. Breaking above $2,450 would help build confidence and take the psychological $2,500 mark into consideration. A defeat of the defense of $2,400 would expose the post-Fed recovery to fresh selling.

The Moscow Stock Exchange (MOEX), Russia's largest securities exchange, has announced it will launch perpetual crypto futures trading for Bitcoin, Ethereum, Solana, XRP, and Tron.

While regulations for Bitcoin and altcoins continue in Russia, the Moscow Stock Exchange (MOEX) has made a new move.

Accordingly, the Moscow Stock Exchange (MOEX), Russia’s largest securities exchange, announced that it will launch crypto perpetual futures trading for Bitcoin, Ethereum, Solana, XRP, and Tron.

MOEX Launches Perpetual Futures for 5 Cryptocurrencies! According to the official announcement, the Moscow Exchange will launch perpetual futures trading linked to BTC, ETH, SOL, XRP, and TRX on September 22nd. These new products will only be available to investors defined as “qualified investors” under Russian legislation.

Contracts Indexed to the Dollar, to be Reconciled with the Ruble! According to MOEX’s announcement, the new contracts will be traded under the ticker symbols BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF, respectively.

The announcement stated that BTC, ETH, SOL, XRP, and TRX will be priced in US dollars, while payments will be processed in Russian rubles. The underlying crypto assets will not be physically delivered to the investor during these transactions.

Interest in Crypto Derivatives is Growing! MOEX announced that more than 72,000 qualified investors have traded in its first digital asset-linked futures contracts since their launch last summer. Total trading volume has exceeded 600 billion rubles.

At this point, the exchange stated that the new products represent a significant step towards expanding the cryptocurrency derivatives market in Russia.

*This is not investment advice.

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Ethereum (ETH) and the wider crypto market felt the impact of the Clarity Act failing to clear the Senate. Analysts had touted the bill as a major tailwind for the second-largest cryptocurrency.

Expectations that its advance would trigger a rally have now been reset. The setback has left its mark on ETH.

$ETH failed to close above $2,550 last week.

Clarity Act voting will happen this week, and if it passes, I think Ethereum will reclaim the $2,550 level.

Once that happens, the pump to $3,000 could occur soon. pic.twitter.com/DQ2psv3Qxb

— Ted (@TedPillows) September 14, 2026
How Much of This Was the VoteOver the past week, Ethereum price dropped around 3%. The altcoin dipped to $2,388 after the CLARITY Act failed, then rebounded to $2,400 shortly after. In comparison, other major altcoins like XRP and Hyperliquid have dropped over 8%.

Ethereum (ETH) Price Performance. Source: BeInCrypto MarketsUS-listed spot Ethereum funds also saw heavy selling. They recorded their largest outflow since January on Tuesday as the bill stalled.

Not all of the selling started in Washington. ETH was already sliding before the Senate voted, then extended the decline once the result landed.

Exchange data points the same way. CryptoQuant recorded roughly 709,400 ETH moving into Binance on September 11, four days before the vote. That was the highest daily total since June.

Large exchange inflows can signal that more coins are becoming available for potential selling. However, an exchange deposit does not mean those coins were sold.

BREAKING: $275 million in crypto longs were liquidated in just 20 minutes after the Crypto Clarity Act failed to pass the Senate vote.

Bitcoin crashed -$2,200 in just 20 minutes to $74,900 and Ethereum fell below $2,400.

Nearly $70 billion erased from the crypto market. pic.twitter.com/a2GzP2Ikld

— Bull Theory (@BullTheoryio) September 15, 2026
What Happens to Ethereum Price Now?The failed vote removes a potential catalyst for ETH in the short term. However, its longer-term supply dynamics remain intact.

CryptoQuant put exchange reserves at 14.6 million ETH, the lowest level since 2016. Reserves have fallen steadily since 2022, and this week’s inflows barely register against that trend.

Ethereum Exchange Reserve Across All Exchanges Falling to 14.6 million ETH. Source: CryptoQuantStaking also continues to absorb supply. Analyst Leon Waidmann put the total staked at 43 million ETH, a record, or close to 35% of supply.

Coins in a validator cannot be sold until the queue is cleared. That leaves a smaller pool of ETH available to trade than in any previous cycle.

Valuation has improved alongside it. Analyst MorenoDV noted that ETH’s MVRV ratio has moved above 1 and has remained there for several sessions. ETH also trades above its realized price near $2,300. 

“A sustained MVRV > 1 together with ETH holding above its ~$2.3K Realized Price would strengthen the case that June–July marked the cycle low and that the market is transitioning from repair into expansion,” the analyst said.

The signals are not clean, though. CryptoQuant’s Coinbase Premium Index sits near -0.08, indicating softer US spot demand relative to offshore.

Ethereum Coinbase Premium Index. Source: CryptoQuantTaken together, ETH’s supply backdrop remains supportive, but demand has yet to provide a clear counterweight to the recent selling pressure.

Washington Steps Aside, the Fed Steps UpNot everyone sees the bill as decisive. Grayscale’s head of research argued that crypto can advance without the Clarity Act.

That view puts the weight back on macro. With Washington out of the picture, at least for now, rates could be the variable driving ETH.

The Federal Reserve has already increased interest rates on Wednesday, with Kevin Warsh warning further tightening could be ahead.

This hike is the first of this cycle. What traders want is a signal about what follows. For now, it looks like the Crypto market has already priced in the CLARITY Act failing and the Fed rate hike.

“If the Fed sounded like this rate hike was a one-time thing, I expect a good pump,” analyst Ted Pillows stated. “But if Warsh insists more on the Fed’s 2% inflation target, the market will see this as a hint of more future hikes. In that scenario, there’ll be a dump across stocks, crypto, and even precious metals, while bond yields will surge.”

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BlackRock’s iShares Ethereum Trust (ETHA) hemorrhaged $110.03 million in a single session on September 16, making it the biggest individual fund redemption across the entire US spot Ethereum ETF landscape for the day. The withdrawal wasn’t a solo act. It was part of a broader $224 million wave of net outflows across US spot Ethereum ETFs, as institutional investors hit the exits in response to the Federal Reserve’s first interest rate hike in three years.

Ethereum’s spot price, in a move that would confuse anyone who thinks markets are rational, actually ticked up 1.54% on the day.

A coordinated retreat across crypto ETFs BlackRock wasn’t the only asset manager watching money walk out the door. Fidelity’s FETH product shed $55.58 million on the same day, making it the second-largest contributor to the sector’s outflow total. BlackRock’s own staking-enabled Ethereum product, ETHB, lost $19.76 million in redemptions as well.

The selling pressure extended well beyond Ethereum. US spot Bitcoin ETFs faced nearly $296 million in net outflows during the same session. BlackRock’s Bitcoin fund, IBIT, accounted for $144.1 million of that total. 21Shares’ TETH managed to pull in minor inflows, a small bright spot in an otherwise gloomy day for crypto fund flows.

Context matters: the long game still favors inflows Cumulative net inflows for US spot Ethereum ETFs stood at approximately $13.14 billion after the session’s outflows were tallied. That figure represents the total capital that has flowed into these products since they launched in mid-2024, minus everything that has been redeemed. In other words, for every dollar that left on September 16, roughly $59 had come in and stayed over the product category’s lifetime.

BlackRock’s ETHA has been the dominant force in the US Ethereum ETF market since its inception. The fund’s sheer size means that its flows, both positive and negative, tend to move the needle for the entire sector. A $110 million outflow from ETHA is significant in absolute terms, but it represents a relatively modest percentage of the fund’s accumulated assets.

The Fed factor and what it means for crypto allocations The near-$296 million in Bitcoin ETF outflows on the same day reinforces the interpretation that this was a macro-driven de-risking event rather than asset-specific concerns. A day where ETF investors sell $224 million but price still edges higher suggests underlying demand from other market participants was absorbing the pressure.

The $13.14 billion in cumulative inflows also establishes a significant base of institutional holders who entered at various price points over the past two years. That installed base creates a structural floor of demand that didn’t exist before spot Ethereum ETFs launched in mid-2024.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Derive fiyatı, kripto para piyasasının önemli bölümünde satış baskısı görülmesine rağmen son 24 saatte yüzde 40’ın üzerinde yükselerek dikkatleri üzerine çekti. DRV’nin günlük işlem hacmi yüzde 463’ten fazla artarak 25 milyon doların üzerine çıkarken altcoin 0,28 dolarla yeni tüm zamanların en yüksek seviyesine ulaştı. Fiyat daha sonra 0,24 dolar çevresine gerilese de Derive V3 yükseltme planı, token geri alımları ve yüksek staking oranı DRV’ye yönelik yatırımcı ilgisini destekleyen temel gelişmeler olarak öne çıkıyor.

DRV Fiyatı Yüzde 40’tan Fazla Yükseldi DRV, daha önce 0,19 dolar çevresindeki zirvesinden yaklaşık yüzde 52 geriledikten sonra yeniden güçlü bir toparlanma sürecine girdi. Upbit listelemesi ilk yükseliş dalgasını desteklerken bunu iki aydan uzun süren zayıf fiyat hareketleri takip etti. Son yükselişle birlikte görünüm yeniden değişti. DRV, 19 Ağustos’tan itibaren yaklaşık 0,09 dolardan başlayan hareketini hızlandırarak önce 0,19-0,20 dolar bölgesine ulaştı, ardından bu bölgenin üzerine çıkarak 0,28 dolarla yeni bir ATH kaydetti. İşlem hacmindeki yüzde 463’ü aşan artış da fiyat hareketine yönelik piyasa ilgisinin önemli ölçüde yükseldiğini gösterdi.

İlginizi Çekebilir: Fed Kararı Altını Durduramadı: Piyasalar Şaşkın!

DRV fiyatındaki yükselişin arkasındaki önemli gelişmelerden biri Derive tarafından açıklanan V3 planı oldu. Projenin yeni yapısı kapsamında mevcut OP Stack zincirinin kullanımının sona erdirilmesi ve bazı temel işlemlerin Ethereum ana ağına taşınması planlanıyor. V3 ile birlikte saklama altyapısının Ethereum ana ağına taşınması ve ortak risk defterlerinin kullanılması hedefleniyor. Bu değişikliklerin gerçek dünya varlıkları RWA ve daha fazla altcoinin platformda daha hızlı desteklenmesine yardımcı olması bekleniyor. V3 planının açıklanmasının ardından DRV’ye yönelik piyasa ilgisinin artması, yatırımcıların ağ güncellemesini yakından takip ettiğini gösteriyor.

DRV Geri Alımları ve Staking Oranı Dikkat Çekiyor Derive ekosistemindeki bir diğer önemli unsur token geri alım mekanizması. Protokol ücretlerinin yüzde 35’i DRV geri alımlarında kullanılıyor. Haftalık geri alım kapsamında ortalama 0,14 dolar fiyat üzerinden yaklaşık 199.760 DRV satın alındı. Böylece gerçekleştirilen toplam geri alım miktarı yaklaşık 27,645 milyon DRV’ye ulaştı. Staking tarafında da yüksek oranlar dikkat çekiyor. Verilere göre arzın yüzde 67,63’ten fazlası staking adreslerinde bulunuyor. Geri alımlar ile yüksek staking oranının birlikte devam etmesi, piyasada aktif olarak dolaşan DRV arzının seyri açısından yakından takip ediliyor.

DRV’nin 0,28 dolarla yeni tarihi zirve oluşturmasının ardından fiyatın 0,24 dolar çevresine çekilmesi kısa vadeli teknik seviyeleri yeniden önemli hale getirdi. Teknik göstergelerde DRV fiyatının 100 ve 200 EMA seviyelerinin üzerinde hareket etmesi yükseliş momentumunun devam ettiğine işaret eden göstergelerden biri olarak değerlendiriliyor. Bull Bear Power göstergesinin de son seanslarda pozitif bölgede kalması alıcıların piyasadaki gücünü koruduğuna yönelik bir diğer teknik sinyal olarak öne çıkıyor. Bununla birlikte 0,13 dolar bölgesi aşağı yönlü hareketlerde önemli destek olarak takip ediliyor. Bu seviyenin kaybedilmesi durumunda 0,11 dolar ve ardından 0,09 dolar bölgeleri yeniden gündeme gelebilir.

Değerlendirme Derive fiyatının son 24 saatte yüzde 40’ın üzerinde yükselerek 0,28 dolarla yeni ATH oluşturması DRV’yi altcoin piyasasının dikkat çeken varlıklarından biri haline getirdi. Yükselişte yalnızca teknik momentum değil, Derive V3 planı, protokol gelirleriyle gerçekleştirilen DRV geri alımları ve yüzde 67’yi aşan staking oranı da öne çıkıyor. Ancak yeni zirvenin ardından volatilitenin artabileceği göz önünde bulundurulurken DRV fiyatında 0,28 dolar seviyesi ile aşağıda 0,13 dolar desteğinin seyri yakından takip edilecek.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Ethereum researchers have reported sub-one-second median propagation for a simulated 1 MiB execution payload using EIP-8411’s segmented broadcasting design, compared with roughly five seconds when sending the payload as one message.

Summary

Tests cut median propagation for a 1 MiB payload from five seconds below one second. EIP-8411 splits execution payloads into chunks that nodes can verify and forward before full completion. A Merkle root in the execution bid lets nodes validate each received payload segment independently. Prototype tests used 500 simulated nodes, home-builder bandwidth, geographic latency, and ten randomized network seeds. Ethereum developers will discuss EIP-8411 for Hegotá inclusion at ACDC on September 17, 2026 today. Ethereum Research published the latest test results on Sept. 17, detailing a prototype that breaks execution payloads into smaller pieces so nodes can verify and forward each segment before receiving the full payload. The findings come from simulations and prototype client code, not Ethereum mainnet measurements.

The proposal remains a Draft networking EIP in the Ethereum EIPs repository. Its current design replaces the single execution_payload gossip topic introduced through EIP-7732 with an execution_payload_chunks topic and commits the pieces through a Merkle root included in the builder’s execution bid.

Ethereum EIP-8411 removes whole-payload waiting Ethereum’s existing gossip model can require a node to receive and validate a large message before forwarding it to peers. Researchers behind EIP-8411 describe the resulting delay as a store-and-forward problem because the complete payload must cross one network hop before beginning the next.

With segmented propagation, a builder divides the payload into fixed pieces. Each segment carries a Merkle inclusion proof tied to the root committed in the execution bid. A receiving node can check one segment and begin sending it onward while the remaining pieces are still arriving.

Moreso,the EIP discussion on Ethereum Magicians describes the planned change as replacing EIP-7732’s single payload message with independently verifiable chunks. The draft currently proposes 64 chunks and a Merkle proof structure that binds every piece to the original payload commitment. Researchers said the Merkle commitment represents the main consensus-level addition required for basic segmentation. The latest research prototype keeps the existing gossipsub wire format, network mesh construction, peer degree and scoring system intact while changing how payload pieces are published and forwarded.

Ethereum’s documentation currently describes execution payloads as transaction and state-related data generated by the execution client and carried through the consensus process. Validators receive proposed blocks through the consensus gossip network before sending execution data to their execution clients for validation.

Simulation cuts 1 MiB median from five seconds The strongest performance figures in the Sept. 17 report come from a controlled simulation. Researchers modeled 500 nodes using geographic network latency, 50 Mbps upload capacity and 100 Mbps download capacity, with a 1 MiB payload originating from a home builder and no high-bandwidth data-center nodes.

Under that setup, sending the payload as one complete gossipsub message took approximately five seconds to reach half the receiving nodes and close to six seconds at the tail. A tuned segmented version reached a median near 0.75 seconds and a tail close to one second.

The researchers stress that the measurements come from a simulation harness running real Prysm and go-libp2p-pubsub code against a simulated network and virtual clock. Each measurement used ten randomized network configurations. Mainnet conditions could differ from the modeled topology, bandwidth and traffic assumptions.

Their basic Tier 1 design combines segmentation with batch publishing. Using 16 KiB segments, the report says median propagation for a 1 MiB payload fell from five seconds to under one second, while tail latency dropped from roughly six seconds to just over one second.

Batch publishing changes how the source sends pieces. Instead of sending every copy of one segment before beginning the next, the builder distributes different pieces to different peers early, allowing several sections of the payload to start moving through the network at once. Researchers said Tier 1 required roughly one-third more received bytes than today’s whole-message approach. The tradeoff comes from sending many independently identified pieces and the extra control messages required to announce them.

More advanced tiers cut duplicate network traffic A second proposed tier tackles duplicate data. Instead of pushing every segment to all eligible mesh peers, nodes can push pieces to a limited group while announcing availability to others. Peers request missing segments only when required.

The prototype combines that system with what its authors call disciplined pulls. A node initially requests a segment from one peer, waits for a defined timeout and moves to another source if the first peer fails to deliver.

At a 1 MiB payload size, the research says disciplined pulls reduced received traffic to around 1.5 payload copies per node, compared with considerably more duplicate traffic in less controlled variants. Researchers found that reducing duplicates became increasingly useful when available upload bandwidth was limited.

The approach creates another tradeoff. A malicious or overloaded peer could announce a segment and then refuse to provide it. Researchers tested a withholding scenario in which some nodes advertised segments but failed to answer requests. At higher withholding levels, the tuned pull-based design showed rising tail latency. The authors tested shorter timeouts and multiple possible request sources as methods for limiting that exposure.

Their third tier adds Reed-Solomon erasure coding. A payload is compressed, encoded with extra parity pieces and divided into segments. Nodes can reconstruct the payload after collecting enough pieces without waiting for every original segment.

Researchers said the coded model had the lowest tail latency in their tests and remained functional when some segments were withheld. The cost was higher bandwidth at the publishing source because the parity data increases the amount sent.

EIP-8411 now faces a Hegotá inclusion discussion EIP-8411 is not currently an activated Ethereum feature. The GitHub proposal was opened on Sept. 4 and remains labeled as a Draft networking EIP awaiting review. The proposal requires EIP-7732, Ethereum’s enshrined proposer-builder separation design.

Ethereum developers have requested that EIP-8411 receive PFI, or Proposed for Inclusion, status for Hegotá, the network upgrade expected after Glamsterdam. During the Sept. 10 All Core Developers Execution discussion, developers said the proposal should be considered by the consensus-layer developer call because the change primarily affects consensus networking.

The request came after the normal Hegotá PFI deadline. Its proponents proposed EIP-8411 as a replacement for EIP-8142, which had explored placing blocks into blobs but raised concerns over builder-side KZG proving and reuse of data-availability subnets.

The ACDC #187 agenda schedules an EIP-8411 PFI discussion for Sept. 17 at 14:00 UTC. At the time of this report, the call had not yet taken place, so no decision to include EIP-8411 in Hegotá had been recorded.

Developers have been narrowing Hegotá’s feature set across account abstraction, scaling, censorship resistance and other protocol work. EIP-8411 entered that process later than many proposals and still needs a core-developer inclusion decision.

The networking proposal is tied to Ethereum’s work on raising Layer 1 capacity. Larger gas limits can lead to larger execution payloads, increasing the amount of data validators must receive within fixed consensus deadlines. Ethereum’s gas limit reached 60 million in late 2025 after validators signaled support for the increase.

Vitalik Buterin has described higher Layer 1 capacity, PeerDAS and future ZK-EVM work as parts of Ethereum’s scaling plan. Faster payload delivery is being researched alongside those changes because larger network messages place more pressure on node bandwidth and propagation deadlines.

Prototype code is available but remains experimental The researchers have published prototype implementations for Prysm and go-libp2p-pubsub. The recommended variant-a Prysm branch contains a series of changes behind an –enable-segmented-payload-gossip flag, while the accompanying libp2p branch implements forwarding and request policies used in the study.

The authors explicitly describe their research branch as “a harness, not a proposal.” Some features measured in the paper, including advanced erasure-coding configurations, remain experimental components of the test environment and are not necessarily part of the minimum EIP-8411 specification.

Open questions identified by the researchers include increased control-message traffic, CPU costs from processing many smaller messages, alternative segment mappings, queue management, timer tuning and whether a newer QUIC-focused networking stack could produce different results.

The authors plan further comparisons between the single-topic design used by variant A, partial-message approaches and models that assign separate gossip topics to individual segments. The current prototype keeps 16 KiB pieces as its recommended baseline after simulations showed smaller 8 KiB pieces did not produce further latency gains while increasing control traffic.