Bitcoin (BTC) and Ethereum (ETH) remain under pressure following a sharp market-wide selloff, as major developments continue to unfold across the crypto ecosystem. BTC recently tested $72,870—its lowest level since November 2024—while ETH fell to price levels last seen in mid-2025. At the same time, Ethereum layer-2 networks including Optimism, Arbitrum, and Base reassess their strategic positioning, DeFi protocols such as Aave consolidate operations, stablecoin issuer Tether adjusts fundraising ambitions, and institutional asset managers including Franklin Templeton expand tokenization initiatives with partners such as Ondo Finance.