$ETH

Here's what's new about Ethereum:

- *Staking Milestone*: Ethereum staking has reached an all-time high, with 34.65 million ETH locked on the Beacon Chain, representing almost 30% of the current circulating supply.

- *Institutional Investment*: Ethereum funds saw $321 million in inflows last week, with a 14-day streak of inflows for Ether ETFs. This influx of capital could fuel the next ETH rally.

- *New Proposal*: A new Ethereum proposal suggests a modular design and privacy tech to align with EU GDPR rules while preserving decentralization. This aims to make Ethereum's architecture more compliant with data protection regulations.

- *Treasury Update*: The Ethereum Foundation has reworked its treasury management strategy to balance sustainability with growth, reflecting its belief that the next two years will be crucial for the blockchain's future.

- *R&D Restructuring*: The Ethereum Foundation has laid off members of its research and development team and restructured its Protocol Research and Development division to sharpen its focus on scaling and usability.

- *Vitalik's Vision*: Ethereum co-founder Vitalik Buterin has proposed simplifying the Ethereum protocol with a new design and boosting mainnet capacity to 2,000 TPS. He also suggests making it easier for users to run Ethereum nodes.

- *Market Performance*: Ethereum's price has been volatile, but analysts predict a potential rally to $3,000. The cryptocurrency has seen significant growth in stablecoin market capitalization, reaching $124 billion.

- *Adoption*: Ethereum's real-world adoption could be anchored by stablecoins, but the network needs to solve cross-layer fragmentation to stay ahead in DeFi.

- *Partnerships*: Consensys, the firm behind MetaMask, has acquired wallet infrastructure startup Web3Auth to enhance its Web3 capabilities.