Ethereum Ecosystem Feels Ripple Effects as Reservoir Announces NFT Services Shutdown

Reservoir, a key blockchain infrastructure provider supporting major platforms such as Coinbase and MetaMask, has announced it will sunset its NFT services by October 2025. This decision comes just two months after the company raised $14 million in Series A funding to expand its marketplace tools. The shutdown will impact Reservoir’s widely used NFT API and related services, which played a crucial role in indexing NFT data and enabling cross-platform transactions. This development could have significant implications for the Ethereum ecosystem, where NFT activity remains a major driver of network usage and innovation.

Reservoir to Sunset NFT Services Despite Recent Funding Round

Reservoir, a blockchain infrastructure provider supporting major platforms like Coinbase and MetaMask, announced the discontinuation of its NFT services by October 2025. The decision comes just two months after securing $14 million in Series A funding aimed at expanding its marketplace tools.

The shutdown affects Reservoir’s NFT API and related services, which were widely used for indexing NFT data and facilitating cross-platform token trades. The company cited a strategic pivot as the reason for winding down operations that once served industry heavyweights including Magic Eden.

Ethereum Breaks $1,800 Resistance, Eyes $2,000 Amid Bullish Momentum

Ethereum has shattered the $1,800 resistance level, marking a potential trend reversal and igniting bullish sentiment across crypto markets. The breakout follows weeks of consolidation, with ETH’s market cap surging 12% in 24 hours as capital flows back into digital assets.

Technical indicators reinforce the upward trajectory, with the price now trading above key moving averages. The next psychological barrier sits at $2,000—a threshold that could attract further institutional interest if breached.

This rally defies broader macroeconomic headwinds, including geopolitical tensions and trade war concerns that have suppressed risk assets. Ethereum’s resilience suggests growing investor conviction in crypto’s value proposition despite traditional market turbulence.

Ethereum Price Rebounds Amid Surging Network Activity Post Vitalik’s RISC-V Proposal

Ethereum’s USD price is staging a recovery as network activity surges following Vitalik Buterin’s ambitious RISC-V proposal. The plan to replace the Ethereum Virtual Machine (EVM) with a more efficient architecture has injected bullish sentiment among ETH maximalists.

Market participants are interpreting the technical upgrade as a fundamental strengthening of Ethereum’s infrastructure. The price movement coincides with heightened developer activity and speculative positioning ahead of the potential EVM overhaul.

RTFKT and Nike’s Ethereum NFT Artwork Faces Temporary Disappearance Due to Cloudflare Glitch

Artwork from Nike-owned RTFKT NFT collections vanished temporarily earlier Thursday, displaying only black backgrounds instead of the vibrant digital assets. The issue stemmed from an error by cloud service provider Cloudflare, which hosts the off-chain artwork. Images began reappearing as RTFKT migrated to decentralized storage solutions.

The affected collections included the flagship Clone X profile picture series—a collaboration with artist Takashi Murakami—and the Animus line. The incident highlights the fragility of centralized hosting for NFT metadata, reinforcing the industry’s push toward decentralized alternatives like IPFS and Arweave.