Ethereum’s price has seen a significant recovery, surging 17% to trade above the $3,000 level after dipping to a low of $2,620. This impressive rebound is largely attributed to a substantial influx of capital into U.S. spot exchange-traded funds (ETFs), which attracted $291 million over just four days. The renewed interest from institutional investors appears to be a key factor driving the positive market momentum.

FC Barcelona is distancing itself from a recent partnership with Zero-Knowledge Proof after the deal sparked significant backlash. The controversy arose when the Samoa-registered blockchain startup launched its own cryptocurrency just days after the sponsorship agreement was announced, raising concerns among fans and observers. The club is now re-evaluating its relationship with the firm amid the public outcry.

In a significant humanitarian effort, major companies within the cryptocurrency community have come together to pledge more than $10 million in relief funds. The support is directed towards the victims of the devastating Wang Fuk Court fire in Tai Po, Hong Kong, a tragedy that resulted in the loss of 128 lives. The collective action highlights the industry’s capacity for charitable response in times of crisis.