Ethereum is currently facing an identity crisis, with its native token, ether (ETH), struggling against competitors like Solana, leading some developers to question its technology and focus. In response, co-founder Vitalik Buterin is initiating a leadership shake-up at the Ethereum Foundation amid rising competition. Enter Etherealize, a new project by former banker Vivek Raman, aimed at positioning ETH as a serious asset class on Wall Street. Meanwhile, Avalanche has cut user fees by 75% following a recent upgrade, resulting in a significant increase in transaction volume. UBS is experimenting with ZKSync on its Key4 Gold offering, attempting to combine traditional finance and blockchain technology. Lastly, Arbitrum has integrated Bitcoin via BitcoinOS, facilitating a hybrid rollup to enhance interactions between Bitcoin and Ethereum, while attracting significant liquidity for DeFi applications. This week's developments mark notable advancements in bridging traditional finance with cryptocurrency, underscoring the growing intersection of these sectors.

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