Key facts: Ethereum price drops; JPMorgan accepts crypto collateral; Layer-2 networks may impact liquidity
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- In early October, Ethereum's price dropped from about $4,740 to $3,680 as large holders sold 1.36 million ETH. From October 16, these holders started accumulating ETH again.1
- JPMorgan now allows institutional clients to use Bitcoin and Ethereum as collateral for loans, marking a significant step in integrating digital assets into traditional finance.2
- Layer-2 networks are viewed as beneficial for Ethereum's growth, but some, like Binance Research, warn they could fragment liquidity and reduce revenue for the Ethereum base layer.3