Ethereum faces renewed delay on testnet upgrade, ETF outflows hit $220 million

Ethereum encountered further uncertainty over the weekend as its price dropped below $2,300, coinciding with developers postponing a critical phase of the blockchain’s upcoming Glamsterdam upgrade. The Ethereum Foundation announced last week that activation of the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for October 26, has been delayed. Developers cited the need for additional time to evaluate how EIP-8037—one of the core changes of the upgrade—interacts with existing Ethereum smart contracts. No new date has been given for the testnet launch.