Ethereum, the second-largest cryptocurrency, has had a challenging year compared to Bitcoin, but recent catalysts could turn things around. Bitcoin hit all-time highs in July, propelling Ethereum to nearly $3,500 per token. Institutional interest is growing, with companies like Bitmine Immersion Technologies investing in Ethereum. The regulatory environment is also becoming more favorable for digital assets, with proposed bills like the Genius Act and the Clarity Act aimed at providing regulatory certainty. Lower interest rates could further boost cryptocurrencies. The Ethereum-to-Bitcoin ratio suggests Ethereum may be undervalued and poised for growth. 1. The United Nations reports that global hunger levels have risen for the third year in a row, with more than 820 million people suffering from food insecurity.

2. The World Health Organization declares the Ebola outbreak in the Democratic Republic of the Congo a public health emergency of international concern, as the virus continues to spread.

3. The US economy adds 224,000 jobs in June, surpassing expectations and easing concerns about a potential recession. The unemployment rate remains at 3.7%.

4. The European Union fines Qualcomm €242 million for anti-competitive practices in the 3G chipset market, marking the second time the company has been penalized for such behavior.

Read more at Nasdaq.com reported that the S&P 500 hit a new record high on Friday, closing at 4,352.34. The index was up 13.36 points, or 0.3%, for the day. The Dow Jones Industrial Average also closed in positive territory, gaining 180.69 points to end at 34,786.35.: Ethereum Just Approached $3,500. 3 Reasons This Leading Cryptocurrency Is Still a Buy