Nvidia Bond Draws $85B in Orders, Bitcoin Options OI Tops $35B, Bridges Up 28%

Ethereum News

Ethereum developers have moved Glamsterdam, the network's next major upgrade, into its final development stage, with teams now running internal devnets that bundle the full slate of planned protocol changes. Core developer Parithosh Jayanthi described the moment as the last phase before the codebase is hardened and shipped to public testnets, adding that there is no fixed timeline but that progress has been substantial. The upgrade is still expected to activate in the second half of the year. Engineers are framing Glamsterdam as the most ambitious fork since the 2022 Merge, one that will reshape long-standing assumptions about how the network scales.

At the heart of Glamsterdam sit two headline proposals aimed at hardening Ethereum's core mechanics. Enshrined Proposer-Builder Separation, tracked as EIP-7732, would move the split between block builders and block proposers fully on-chain, cutting the off-chain trust assumptions and centralization risks tied to maximal extractable value. The second, Block-level Access Lists under EIP-7928, would let blocks declare in advance which accounts and contract data they intend to touch, paving the way for parallel execution. Developers say the combination sets up much deeper scaling, reinforcing Ethereum's roadmap even as the broader altcoin market trades under pressure.

Ethereum has crossed one million lifetime developers, cementing its position as the largest builder base in the blockchain sector. Consensys co-founder Joseph Lubin tied the milestone to a forecast he made at DevCon5 in Osaka in 2019, when a keynote titled “When 1 Million Eth Devs?” sketched a future of globally systemic infrastructure powered by Ether. Roughly 232,000 of those developers were active over the past year, signaling that the network keeps attracting fresh talent rather than merely retaining veterans. The headcount underscores a fundamentals argument that persists despite recent price weakness and a deepening bear-market mood across digital assets.

Lubin also pointed to composability as Ethereum's next structural hurdle, naming teams such as Linea, Zisk and Gnosis that are pursuing synchronous and near-synchronous bridging across networks. He framed the end state as atomic, bridgeless execution zones that would unify fragmented liquidity in real time, with Ether settling fees across every connected chain. The vision speaks to a future in which dozens of layer-2 networks and private permissioned appchain deployments interoperate without today's friction. Privacy-focused efforts, including zero-knowledge systems in the mold of the Aztec Network, fit the same trajectory, extending Ethereum's settlement role as activity migrates to scaling layers.

On-chain data shows Ethereum whales added roughly $950 million worth of ETH through the recent slide, fueling speculation that a local bottom may be forming. The price has rebounded about 22% off its June low and reclaimed its monthly volume-weighted average price, a level many trading desks treat as the divide between accumulation and distribution. Spot ETF products reinforced the shift, taking in $22.5 million on June 15, one day after the VWAP reclaim and the first green print following a punishing outflow streak that ran from mid-May. Rising open interest, however, leaves the bottom unconfirmed, hinting the move could be leverage-driven rather than a durable reversal.

Strategy executive chairman Michael Saylor reignited a long-running debate, arguing that Bitcoin does not need staking, inflation or protocol-based yield to reward investors. In a five-layer “Digital Asset Stack,” he positioned Bitcoin as pure digital capital underpinning credit, money, yield and equity structures, insisting it “does not need to become Ethereum.” Saylor pointed to instruments such as Strategy's STRC perpetual preferred stock as examples of digital credit, where Bitcoin serves as collateral, equity absorbs price risk and credit holders receive steadier returns. The framing sharpens the contrast between Ethereum's native staking yield and a Bitcoin-as-collateral model built through capital-markets engineering.

COINOTAG's proprietary 42-indicator composite scoring engine, as of 08:41 UTC, rates the $1,777 support at 71/100 — the strongest level on the board — driven by the confluence of Ichimoku Senkou A, the Ichimoku cloud bottom and a fresh MACD cross. Overhead, the engine scores the $1,826 resistance at 67/100 (R2, HVN 1, Ichimoku Kijun), with $2,098 next at 65/100 on the Fibonacci 0.618 retracement and the volume point of control. With spot near $1,765, RSI at 44.77 and a bullish MACD against a broader downtrend, derivatives data shows 0.0033% funding, $6.66 billion in open interest and a 2.26 long/short ratio (69.3% long). A Fear & Greed reading of 22 (Extreme Fear) frames the setup: holding $1,777 opens a path to $1,826, while losing $1,709 would invalidate the bounce.