Thus, there was interest amongst stakers, even in a volatile market. The upcoming Shanghai Upgrade was expected to further incentivize new validators to join the network.Looking at the positives
A positive indicator for Ethereum was the declining number of addresses in loss, reaching a five-month low according to Glassnode. However, despite this positive news, whale interest decreased over the last month. If large addresses decided to sell their investments, it could negatively impact retail investors.Ethereum’s declining network growth could be one reason for the decrease in whale interest, as there was a cutback in new addresses transferring ETH for the first time. This suggested that new addresses were not showing interest in the network.
VISA: We've been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and paying out in USDC on Ethereum. And these are large value settlement payments.