Welcome to The Daily Crypto Briefing, here are today's headlines! The cryptocurrency landscape continues to evolve, bringing both challenges and opportunities for investors, developers, and enthusiasts alike. Today, we're exploring significant trends shaping the market, including a concerning decline in developer activity, market movements, and regulatory developments that deserve your attention. In today's briefing, we'll cover the dramatic drop in weekly active crypto developers, examine Bitcoin's recent price action, discuss Ethereum's upcoming protocol upgrades, analyze regulatory developments in key markets, and explore emerging trends in DeFi. Let's dive into what's moving the crypto world today. First up, a concerning trend for blockchain innovation. Weekly active developers in the cryptocurrency space have plummeted by 38.6% in just one year, according to new data from Artemis Terminal. The number of active developers fell from 12,380 to approximately 7,600 between March 2024 and March 2025, spanning over 1,500 Web3 ecosystems. This substantial decline signals potentially waning innovation across major blockchain platforms. Developer participation has long been considered a key indicator of long-term project health and network sustainability. Industry contributors point to narrative-driven hype cycles and insufficient incentives as key factors driving this exodus. Optimism contributor Binji Pande noted that meaningful on-chain activity has declined significantly, leading to general disinterest and fewer engaged builders. The community is now calling for a renewed focus on developer-led innovation and full-stack product thinking to rejuvenate ecosystem growth. Turning to market movements, Bitcoin has been displaying interesting price action in recent days, consolidating around key support levels despite broader market volatility. Trading volume has remained relatively stable, suggesting a potential accumulation phase before the next significant move. Institutional interest continues to show strength, with Bitcoin ETFs maintaining steady inflows despite some day-to-day fluctuations. Analysts are closely watching key technical indicators, with many suggesting that Bitcoin's current positioning could provide insight into whether we'll see a continuation of the bull market or a deeper correction. The upcoming U.S. economic data releases could serve as the next major catalyst, as investors remain sensitive to inflation figures and Federal Reserve policy indications. On the Ethereum front, anticipation is building around upcoming protocol improvements scheduled for implementation in the coming months. The development team has been focused on enhancing scalability and reducing transaction costs, addressing key pain points for users and developers alike. Progress on the upgrades appears to be on track, with test networks showing promising results. This technical progress comes at a critical time, as Ethereum faces increasing competition from alternative Layer 1 blockchains and Layer 2 scaling solutions. The success of these upgrades could significantly impact Ethereum's market position and developer retention in a competitive landscape where technical advantages can quickly erode. Regulatory developments continue to shape the crypto landscape globally. Several major jurisdictions are advancing their cryptocurrency frameworks, creating a patchwork of approaches that present both challenges and opportunities for global operators. Recent enforcement actions have emphasized the importance of compliance, particularly in areas related to consumer protection and anti-money laundering measures. Industry advocacy groups have intensified their engagement with policymakers, seeking to educate and influence the regulatory approach. The evolving regulatory picture remains a critical factor for institutional adoption and mainstream acceptance of digital assets. That brings us to the end of today's Daily Crypto Briefing. We've covered