Ethereum Outperforms Bitcoin in Trading Volume Amid Market Stability

The weekly summary indicates that Ethereum's price remained steady, with a 2% increase in the second-largest crypto asset by market cap. Conversely, Bitcoin fell from its peak driven by Galaxy Digital's sale, trading at approximately $118,000. Notably, Ethereum surpassed Bitcoin in trading volume for the first time in a considerable period, reaching around $23 billion in 24 hours. In the NFT market, there was a significant surge: trading volume increased by 45% over the week, reaching $225 billion. The $7.8 million purchase of a CryptoPunks collection highlights strong interest among major investors. In Russia, proposed fines for crypto payments include 100,000 rubles for individuals and up to 1 million rubles for legal entities. The implementation of the 'Transparent Blockchain' technology is planned to be completed by 2025 for transaction oversight. Discussions are underway for a merger with SRM Entertainment and a Nasdaq listing for Tron Inc. Total market capitalization reached $3.97 trillion, with the Fear and Greed Index at 73%, indicating heightened greed. Mining segments experienced increased difficulty and hash rate, with some miners successfully extracting large blocks. Overall, the trend suggests stability among major crypto assets and active development in infrastructure and regulation.