The recent approval by the Securities and Exchange Commission (SEC) concerning liquid staking has significantly impacted the cryptocurrency market, causing the price of Ethereum (ETH) to surge beyond the $4,000 mark. This positive development not only boosted ETH's value but also triggered a widespread rally across various staking protocols and Layer-2 solutions, further invigorating investor interest and activity in these sectors. As a result, the overall sentiment in the crypto space has become increasingly optimistic, with market participants eager to explore the potential benefits of staking and the enhanced scalability offered by Layer-2 solutions.
source: https://www.coindesk.com/markets/2025/08/08/sec-greenlight-on-liquid-staking-sends-eth-past-usd4k-spurs-broad-staking-and-layer-2-rally