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Ethereum’s latest price increase comes as Bitcoin ($BTC) reaches record-breaking highs. On the same day, Bitcoin hit $107,822, surpassing its previous all-time high of $106,352, which was set just the day before. 

Despite this achievement, Ethereum remains the largest blockchain in terms of overall developer numbers, with 6,244 active developers working on its projects every month.

In July, the US Securities and Exchange Commission (SEC) allowed spot Ethereum ETFs to trade but restricted these funds from using staked $ETH to generate additional rewards.