Ethereum

Ethereum staking participants hold a Market Value to Realized Value ratio of 1.7, compared to 1.5 for holders of freely circulating ETH, according to on-chain data. Over 36 million ETH remains locked in staking contracts. The unstaking queue has extended to 45 days, with 2.49 million ETH awaiting withdrawal from the Beacon Chain.

Digital asset markets experienced significant volatility on October 31 as over $16 billion in Bitcoin and Ethereum options reached maturity. More than $1.2 billion in leveraged positions were liquidated within 24 hours, erasing approximately $200 billion from total crypto market capitalization. Analysts highlight contrasting outlooks for BTC and ETH amid the expiry event.

Institutional investors may be preparing to diversify beyond Bitcoin and Ethereum as multiple altcoin-focused ETF applications reach U.S. regulators. At least five such filings were submitted in October 2025. Analysts describe the development as a potential turning point for multi-year adoption cycles, with recent data showing spot Ether ETFs attracted $9.6 billion in Q3 2025, surpassing Bitcoin's $8.7 billion in inflows.

Bitcoin spot ETFs saw net outflows of $488.4 million on October 30, with all 12 funds reporting zero inflows. Ethereum spot ETFs posted $184 million in net outflows across nine funds. The withdrawals followed Fed Chair Jerome Powell's statement that a December rate cut is not guaranteed.

Coinbase increased its Ethereum holdings by 11,933 ETH during Q3 2025, according to Base lead Jesse Pollak. The exchange also acquired 2,772 BTC in the same period. Coinbase reported net income of $433 million for the quarter, up from $75.5 million year-over-year, with transaction revenue reaching $1.05 billion.

A federal judge in New York has directed Circle to maintain a freeze on $63 million in USDC held in three Ethereum wallets linked to collapsed crypto bridge Multichain. The ruling supports Singapore-appointed liquidators seeking US recognition of cross-border liquidation proceedings. The order prevents potential asset loss while legal processes advance in both jurisdictions.

Standard Chartered Bank forecasts the tokenized real-world assets market will expand from $35 billion to approximately $2 trillion within three years, excluding stablecoins. The bank identifies Ethereum as the primary blockchain for institutional tokenization, citing its decade-long operational reliability. Geoffrey Kendrick, head of digital assets research at the bank, characterizes the growth trajectory as among the fastest in modern financial history.

Canary Capital submitted an amended S-1 registration statement to the SEC for its XRP spot ETF, removing the delaying amendment. The filing positions the product for potential trading on Nasdaq as early as November 13, 2025, under the auto-effective provision of the 1933 Securities Act.

Ethereum Foundation researchers confirmed December 3 as the mainnet activation date for the Fusaka upgrade during Thursday's All Core Devs call. The backward-compatible hard fork will implement approximately a dozen Ethereum Improvement Proposals designed to enhance sustainability, security, and scalability across the base layer and Layer 2 networks.

Ethereum fell 5% to approximately $3,754 on Thursday, retesting a critical support zone above $3,700. The decline triggered over $218 million in liquidations from leveraged positions. Analysis shows heightened short interest and capital rotation from Bitcoin may signal a potential reversal.