Ethereum
1 ETH = $2,452.64
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Bitmine, associated with Tom Lee, purchased $81 million worth of Ether in its largest weekly acquisition since early July. The buying coincides with Ether's 30% weekly rally and broader institutional rotation into altcoins.

Ethereum has shown relative strength versus Bitcoin, forming a bullish golden cross in the ETH/BTC ratio, while Solana and other majors posted gains amid the risk-on environment. ETH traded near multi-month highs around $2,500 with ETF-related interest building.

Fidelity plans to introduce staking rewards and quarterly distributions to its near $900 million Ether ETF, retaining 85% of gross rewards.

A draft proposal from Ethereum researchers calls for dynamically burning validator rewards as staked ETH approaches 60.25 million (roughly half supply), reaching full burn and zero net issuance at $112 billion staked.

European regulators proposed new guidelines targeting decentralized finance protocols on Ethereum L2s, raising compliance concerns.

Morgan Stanley introduced the cheapest Ether and Solana ETFs yet, priced at just 14 basis points, potentially boosting institutional access to major altcoins.

Ether rose over 3% to nearly $1,950 while Bitcoin held near $65,000 with other top tokens like SOL and XRP gaining 1-2%. ETH's relative strength is seen as a potential signal for broader altcoin momentum despite limited follow-through so far.

Ethereum outperformed Bitcoin with gains over 3% while major tokens like SOL and XRP posted modest advances amid broader market stabilization.