$ETH-USD

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Ethereum (ETH) had 986,847 ETH in its staking queue with a 17-day wait, while only 4,320 ETH were exiting. ETH price was $2,229, down 13.4% in 30 days. Staking inflows are decreasing, but exits remain low. The 200-day moving average at $2,157 is the next support level.

Base, a layer 2 network backed by Coinbase (COIN), activated the Denim upgrade, reducing block times to 200ms. Ethereum (ETH) price remained near $2,229, down 0.5% over 24 hours. The upgrade did not significantly impact ETH demand or ETF flows. Coinbase benefits from increased transaction fees, but ETH's path to $5,000 by 2030 remains uncertain.

A critical bug in Reth software, used by Ethereum and layer-2 networks like Base, Optimism, and Tempo, required emergency patches. The flaw could cause incorrect blockchain state calculations. Developers confirmed no impact on withdrawals, but node operators must update. LayerZero temporarily restricted some cross-chain routes as a precaution.

Ethereum (ETH) fell 6.4% to $2,236 after stronger-than-expected US jobs data increased Fed rate hike odds to 80%. The report showed 165,000 jobs added vs. 65,000 expected, with unemployment at 4.1%. Higher rates typically pressure risk assets like crypto. ETH spot ETFs saw $99.97M outflows. ETH is down 13% in 30 days, 33% in a year.

Chainalysis reports that part of the $6.3B stolen from Binance is being laundered through Chinese networks, with $500M moved via TRON. Hackers are converting Bitcoin and Ethereum to cash. Binance is collaborating to freeze assets, with $3B recovered and $1B already laundered.

Ethereum developers delayed the Glamsterdam upgrade on the Hoodi testnet after security researchers found eight smart contract risks related to gas accounting changes. The Ethereum Foundation identified affected projects and is working with auditors to address compatibility concerns. No new activation date has been set, and developers are reviewing contracts for potential issues.

Russia's central bank will allow retail investors to trade Bitcoin, Ethereum, and USDT starting Nov. 17, with annual purchase limits of 300,000 rubles per intermediary. Qualified investors face no restrictions. The approved assets were selected based on liquidity criteria, including market capitalization and trading volume.

Ethereum's dollar-margin long account share rose 23 points, while XRP's coin-margin long share climbed 10.26 points. Bitcoin also saw increases in both categories. Solana's position-based long shares fell despite account-based share increases.

Peter Schiff, an economist, stated that Ethereum (ETH) has some value due to its use case and staking rewards, but he believes its current price may be overvalued. He also criticized memecoins like Dogecoin (DOGE) for lacking intrinsic value. As of the report, ETH was up 7% in 24 hours to $2,427.07, with 36% of its supply staked at a 2.56% yield, according to Staking Rewards.