Ethereum surged by 6.5% in 24 hours to trade at $2,618.67 at press time, a level last seen in January 2026. This rally occurred despite several developments that would normally put pressure on risk assets, including the failure of the CLARITY Act in the Senate, the Fed raising rates by 25 basis points, the Bank of Japan hiking rates, and the dollar index returning above 100. The number of non-empty wallets hit a record of 207.17 million, over 40 million ETH are staked, and ETH ETFs recorded $143.7 million in net inflows. The global cryptocurrency market cap climbed to $2.88 trillion, pushing Bitcoin above $80,000, with Solana and Hyperliquid gaining over 10% and Uniswap rising by around 16%.
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