Ethereum’s On-Chain Activity Surges: Is ETH Gearing Up for a Major Breakout?
Ethereum's network is experiencing a significant uptick in activity, with daily transactions hitting their highest levels in over a year. As of August 2025, data reveals approximately 1.7 million transactions per day, indicating a robust acceleration in network usage. This surge is accompanied by rising numbers of active and new addresses, suggesting heightened engagement from both existing users and newcomers. The growing on-chain metrics could signal a bullish phase for ETH, potentially paving the way for further price appreciation and adoption.
Ethereum Daily Transactions Soar — Is ETH Entering Acceleration Mode?
Ethereum's on-chain activity is heating up, with daily transactions reaching their highest levels in over a year. Data shows approximately 1.7 million transactions per day, signaling accelerating network usage. Active addresses and new addresses are trending upward, reflecting both increased engagement from existing users and a steady influx of new participants.
This surge in activity suggests Ethereum's growth is driven by genuine utility rather than speculation. The EIP-1559 upgrade continues to shape the network's dynamics. If sustained, these metrics could mark a new phase where fundamentals align with market sentiment, potentially positioning ETH for market leadership.
Coinbase Advocates for Zero-Knowledge Proofs to Modernize Outdated BSA Regulations
Coinbase's Chief Legal Officer Paul Grewal has called for a technological overhaul of the Bank Secrecy Act (BSA), arguing that the decades-old framework is ill-suited for today's digital economy. In a August 4 statement, Grewal emphasized that Zero-Knowledge Proofs (ZKPs) could revolutionize compliance by verifying transactions without exposing sensitive user data.
The BSA's current KYC requirements force excessive data collection, creating centralized honeypots vulnerable to breaches. Grewal criticized policymakers for focusing on transaction speed as a problem rather than embracing cryptographic solutions like ZKPs that could enhance security and efficiency simultaneously.
This push comes as regulators grapple with balancing privacy and transparency in crypto transactions. Coinbase's proposal positions ZKPs as a middle ground - enabling regulatory compliance without compromising the pseudonymous nature of blockchain transactions.
Did Ethereum Just Trap the Bears? 3 Signals Suggest It Might Have
Ethereum's recent price action may be setting a bear trap, with on-chain data revealing a strategic redistribution of holdings. Whales and retail investors have increased their exposure by 1.82% and 1.87% respectively over the past month, while mid-sized wallets offloaded positions—a classic sign of accumulation at both extremes.
IntoTheBlock's Bull vs Bear metric, which tracks wallet behavior rather than sentiment, shows bulls outnumbering bears by a 7:1 ratio in the last week. This slim but decisive edge suggests growing conviction among large holders, often a precursor to upward momentum.
The convergence of whale accumulation and retail participation paints a contrarian picture: what appears as weakness could instead be positioning for the next leg up. When smart money and散户 MOVE in unison, markets typically take notice.
Ethereum Price Battles Key Levels – Will Buyers Step Back In?
Ethereum's price action shows resilience after testing support NEAR $3,400, with bulls now eyeing a potential rally toward $3,800. The recovery follows a dip below the 100-hour moving average, with ETH/USD establishing a bullish trend line at $3,620 on Kraken's hourly chart.
Technical indicators suggest growing momentum. The 50% Fibonacci retracement level from the recent swing high of $3,877 has been breached, while the 76.4% level near $3,750 looms as the next resistance. Market structure remains constructive above the $3,600 support zone.
SEC Commissioner Advocates for Crypto Privacy Amid Tornado Cash Trial
SEC Commissioner Hester Peirce has issued a robust defense of financial privacy rights in the cryptocurrency sector, emphasizing the need for Americans to use privacy-protecting technologies without government oversight. Her remarks at Stanford’s Science of Blockchain Conference coincide with the criminal trial of Tornado Cash co-founder Roman Storm, accused of facilitating $1 billion in illicit transactions through the sanctioned crypto mixer.
Peirce criticized the outdated Bank Secrecy Act, arguing its 55-year-old framework forces financial institutions into acting as law enforcement proxies, generating millions of transaction reports annually. She highlighted the erosion of Fourth Amendment protections under the third-party doctrine and championed zero-knowledge proofs and decentralized technologies as solutions to modernize financial privacy laws.
BitMine Immersion Technologies Boosts Ethereum Holdings to $3B Amid Market Surge
BitMine Immersion Technologies, chaired by Fundstrat's Tom Lee, has aggressively expanded its ethereum reserves, adding 208,137 ETH to reach a total of 833,137 ETH. The holdings, now valued at over $3 billion, solidify BitMine's position as the largest corporate holder of Ethereum.
The firm's rapid accumulation strategy, unveiled just a month ago, has already distanced it from competitors like SharpLink Gaming. "We have separated ourselves among crypto treasury peers," Lee stated, highlighting the speed at which BitMine has increased its crypto net asset value per share.
The purchase coincided with a 5.8% surge in Ether's price, which briefly touched $3,730 before settling at $3,654. BitMine's move reflects a bullish bet on Ethereum's upside potential amid shifting macroeconomic conditions.
