Now Playing
ETH at $1,730: Fed Override, Aztec Exploit & Staking ATH | Jun 17
Audio is available on Spreaker — see link below.
Ethereum shed up to 3.5% on June 17 as Fed rate signals crushed macro sentiment, while Aztec Network suffered a second exploit in 48 hours and the staking ratio hit a new all-time high of 32.7%. Today's briefing covers price structure, the Glamsterdam devnet milestone, ETF inflows, and the 1M developer landmark.
Audio is available on Spreaker — see link below.
Ethereum dropped two and a half to three and a half percent on June seventeenth, landing in the seventeen thirty to seventeen fifty range, and the reason had nothing to do with Ethereum. The Federal Reserve held rates at three point five to three point seven five percent but signaled that inflation remains persistent and rate cuts are off the table for now.
On the security front, Aztec Network was exploited for two point two one million dollars through a basic access control failure. The RollupProcessor contract was missing an onlyOwner modifier on the escapeHatch function.
Stepping back from the noise, Glamsterdam entered its final devnet phase with all ten EIPs locked in. This is the largest Ethereum fork since the Merge in September twenty twenty-two.
The staking ratio hit an all-time high of thirty-two point seven percent. Thirty-nine point five million ETH is now locked in staking contracts.
Spot ETH ETFs recorded twenty-two point five million dollars in net inflows on June sixteenth and seventeenth, ending a four-day outflow streak. BlackRock's ETHA leads with eleven to twelve billion in assets under management.
The Fear and Greed Index is at fifteen, extreme fear, with RSI at forty-one and price structure below a declining moving average stack. The next critical support sits at seventeen twenty-seven.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.