ETH Surges 7.88% as Binance Launches Shariah Earn and Institutional Inflows Hit $226 Million

Ethereum (ETHUSDT) has experienced a significant price increase of 7.88% over the last 24 hours, rising from a 24h open of 2766.99 to a current price of 2984.90 on Binance. This upward movement is attributed to several key factors: the introduction of Binance's Shariah Earn, an interest-free staking product for ETH, which has expanded accessibility and appeal in over 30 countries; strong institutional inflows into Ethereum totaling $226 million last week, marking the third largest weekly inflow of 2025; and increased investor confidence following corporate treasury purchases and growing spot ETH ETF inflows. The current market environment is characterized by elevated trading volumes (over $41 billion in the past 24 hours), a circulating supply of approximately 120.72 million ETH, and Ethereum maintaining its position as the second-largest cryptocurrency by market capitalization.