Crypto Market Update: Ethereum Upgrade Boosts Prices, Bitcoin Maintains $30K

Ethereum co-founder Vitalik Buterin has urged the crypto community to address the network's scaling issues before the next bull run, warning that failure to do so could result in users paying high transaction fees. The call comes as the ethereum price surged past $2,000 per ether, boosted by the long-awaited Shanghai upgrade and increased interest from institutional investors. The upgrade has also allowed those who had staked ethereum to the blockchain to withdraw it, potentially adding liquidity to the market and de-risking digital asset allocations for institutional investors.