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Ethereum’s transaction volume has reached all-time highs while gas fees have declined to the lowest levels in network history. The seven-day moving average of transactions is 2.5 million, nearly double the volume recorded one year ago. This surge in activity began in mid-December, reversing a gradual decline that persisted through mid-2025.

KuCoin has the listing of Stable (STABLE) on its Spot trading platform. This brings enhanced opportunities for users to interact with a blockchain designed specifically for the USDt ecosystem.

Union Jack Oil has plans to establish a Bitcoin mining operation powered by natural gas from its West Newton discovery wells in the UK. The company holds a 16.665% working interest in PEDL183 and has partnered with Texas-based 360 Energy Inc. to implement the cryptocurrency mining solution.

The Ethereum Foundation has Marius van der Wijden as co-lead for its Scale L1 initiative alongside Ansgar Dietrichs and Tim Beiko. The restructured leadership aims to accelerate Ethereum’s layer-1 scaling efforts while maintaining protocol security and decentralization principles.

The Ethereum network is sending deeply conflicting signals this week. On one hand, network activity has ground to a near halt, with gas fees plunging to rock-bottom levels. On the other, a looming “supply shock” on exchanges could be setting the stage for an explosive rally.