$ETH

Recent Developments

- *Societe Generale's Stablecoin Launch*: Societe Generale's crypto arm has launched its US dollar-pegged stablecoin, USDCV, on Ethereum and Solana, with BNY serving as custodian. This move aims to facilitate trading and settlement globally.

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

- *New Privacy Proposal*: A new Ethereum proposal suggests a modular design and privacy tech to align the network with EU GDPR rules while preserving decentralization.

- *Ethereum Foundation's Treasury Update*: The Ethereum Foundation has announced a sweeping update to its treasury management strategy, focusing on balancing sustainability with growth.

Market Trends

- *Ethereum ETFs See Inflows*: Ether investment products saw $321 million in inflows last week, with a 14-day streak of inflows. This influx of capital could fuel the next ETH rally.

- *Price Prediction*: Analysts predict Ethereum's price could reach $3,000, driven by robust spot ETH ETF flows and record open interest.

- *Stablecoin Market Growth*: The Ethereum stablecoin market has exploded to $124 billion, marking a one-million-fold increase since 2018.

Technological Advancements

- *Vitalik Buterin's Proposal*: Ethereum co-founder Vitalik Buterin has proposed simplifying the Ethereum protocol with a new design and boosting mainnet capacity to 2,000 TPS.

- *RISC-V Upgrade*: Buterin has also suggested a change to Ethereum's execution layer by proposing a switch to the RISC-V instruction set architecture.