Ethereum Updates Today: Major Institutions Support Meme Tokens Amid Crypto’s Security-Focused Revival

The cryptocurrency sector is undergoing a significant transformation as investors increasingly focus on ventures with high growth prospects, while institutional entities begin to show interest in

coins. Notable highlights include substantial updates to Shiba Inu’s Shibarium network, bullish signals for Ethereum, and the rise of tokens such as BlockchainFX and MoonBull, which experts consider possible 100x gainers. At the same time, established financial institutions like T. Rowe Price are considering ETFs, reflecting a growing acceptance of digital currencies among major investors.

Shibarium, Shiba Inu’s Layer-2 solution, has paused operations for two weeks to implement essential security enhancements aimed at further decentralizing its framework. This decision comes after a validator key was compromised in September, resulting in a $2.8 million

loss and revealing weaknesses in the root chain manager contract, as detailed in a . Developers are now shutting down the old public RPC endpoint, requiring users to switch to multiple RPC providers and thereby decreasing dependence on centralized nodes, . Despite the network’s impressive 30,000 smart contracts and over 1.54 billion transactions, the recent exploit has unsettled investor trust, .

Ethereum (ETH) has established a bullish flag formation on its weekly charts, supported by $668 million in ETF investments over the past month, according to

. Market analysts anticipate that ETH could reach $5,000 if it surpasses the $4,254 level, fueled by reduced exchange inflows and increased institutional buying, as projected in a . The ZKsync Atlas upgrade, which has received praise from co-founder Vitalik Buterin, is expected to improve transaction throughput and liquidity, making the network even more attractive.

Although Shiba Inu’s value has declined by 45% so far this year, Remittix ($RTX) is gaining momentum as a crypto-to-fiat payment platform. With $27.7 million raised and a 50% token bonus for early supporters, Remittix’s focus on practical applications is drawing investors who prefer real-world utility, according to

. This trend illustrates a broader market preference for projects with concrete use cases rather than those driven solely by hype.

T. Rowe Price’s application for a Shiba Inu ETF highlights the increasing institutional interest in meme coins, as noted in

. The proposed ETF, which would include SHIB alongside and Ethereum, points to a wider acceptance of digital assets in mainstream investment portfolios. Nevertheless, Shiba Inu’s recent security incidents and price swings continue to pose challenges for broader adoption.

As the crypto sector adapts to these changes, the balance between innovation, institutional involvement, and project stability is likely to shape the next stage of market development. Investors should carry out careful due diligence, as volatility remains high in this space.

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