Ethereum news
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Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade
The Sepolia rehearsal has raised its processing budget more than threefold, but sampled blocks used less than half that allowance.
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Hyperliquid Labs-Labeled Wallet Distributes $330 Million in HYPE
Five intermediary addresses forwarded the tokens to one wallet, which returned 1.25 million HYPE to staking.... Read the full story at The Defiant
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Justin Drake urges crypto ‘bunker mode,’ as AI could break wallet security within months
The Ethereum researcher said crypto users should consider moving funds to fresh addresses, warning AI could threaten private-key security before quantum computers do.
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Ethereum Researcher Says AI May Break Encryption Before Quantum Does
Ethereum Foundation researcher Justin Drake urged holders to calmly move funds to unused addresses, warning that AI-driven math could break crypto signatures before quantum computers do.
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Black Thursday revisited: MakerDAO keeper exploited for $500K
A legacy MakerDAO auction-keeper contract has been exploited for over $500,000, with the exploit reaching back to Black Thursday in 2020. Specifically, a CertiK analysis details how an attacker was able to remove 200 ETH from a contract described as a “legacy auction-keeper.” This auction-keeper...
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Ethereum researcher Justin Drake calls for ‘bunker mode’ planning over private key recovery risk
Justin Drake recommended moving crypto assets to fresh addresses that keep their public keys hidden behind a hash.
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ZKsync Opens Prividium Core Code Under Apache 2.0
The Sept. 8 release keeps enterprise tools commercial. Matter Labs says the Bundesbank is testing a self-hosted deployment.... Read the full story at The Defiant
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BitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says
The company reported 6,016,414 ETH as of Oct. 4, while Lee estimates roughly 100,000 tokens remain before it reaches the ceiling.... Read the full story at The Defiant
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Hyperliquid Confirms Singapore Base but Says It Has No MAS License
The FT reports that people familiar with MAS's thinking consider the decentralized venue outside its jurisdiction. Singapore's rules distinguish crypto derivatives on approved exchanges from those offered elsewhere.... Read the full story at The Defiant
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NEAR Adds Robinhood Chain to Its Multichain App
ETH and USDG swaps use NEAR Intents to handle cross-chain routing, while bridge infrastructure still moves assets between networks.... Read the full story at The Defiant
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Lido Unveils Morpho-Based Lending Protocol for Staking Loops
Lido Lend targets a fourth-quarter launch, with collateral screening and reliable exits among its design goals. DAO votes and technical disclosures are still ahead.... Read the full story at The Defiant
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Gate bets all-in-one money app is crypto’s biggest consumer trend this year and next
Gate rebrands around Gate Money, which combines accounts, asset conversion, savings and card payments as the exchange broadens beyond its trading base.
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Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
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Pudgy Penguins’ parent firm shuts down its own blockchain
Pudgy Penguins' parent company, Igloo Inc, announced the shutdown of Abstract Chain after “losing tens of millions of dollars over two years” trying to keep it afloat. Users have until December 15 to move funds off the Ethereum Layer 2 blockchain before they become inaccessible. The wind-down...
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Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases
Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH, setting an end date to an accumulation streak that began in mid-2025 and made the company the world's largest Ethereum treasury.
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Pudgy Penguins’ Abstract becomes second Ethereum layer 2 to shut in a week
The consumer-focused blockchain will close Dec. 15 after Igloo spent tens of millions supporting it, days after Blast said its own network was no longer worth operating.
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Abstract to Shut Down Ethereum Layer 2 on Dec. 15
Users can withdraw through the Migration Hub or native bridge, while the team plans to help apps move to other chains.... Read the full story at The Defiant
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Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down
Abstract will shut down Dec. 15, saying a chain focused solely on consumer crypto proved unsustainable, and is urging users to bridge their assets off before then.
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Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing ‘tens of millions’
Abstract, the Pudgy Penguins-backed Ethereum L2, will shut down on Dec. 15. Users must bridge assets off before then.
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Ethereum Validator Count Falls to 863,000 as Staked ETH Edges Higher
Pectra lets operators combine validator balances, reducing network overhead without requiring them to withdraw their ETH.... Read the full story at The Defiant
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Bitcoin Falls Asleep, But Privacy Coins Zcash and Monero Are Waking Up
Bitcoin and Ethereum barely moved today, but Zcash and Monero are leading the largest coins over the last 24 hours.
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Ethereum’s Glamsterdam Upgrade Activates on Sepolia
The first two upgraded epochs finalized, while early blocks began a gradual gas-limit climb from 60 million toward a 200 million client target.... Read the full story at The Defiant
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Ethereum’s Glamsterdam upgrade launches on Sepolia testnet
Sepolia marks one of the final major rehearsals before the final activation of Glamsterdam, aimed at bringing more efficiency and scalability to the Ethereum mainnet.
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Capital starting to rotate back to crypto from AI: Raoul Pal
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
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Capital starting to rotate back to crypto from AI: Raoul Pal
Real Vision founder Raoul Pal says a pause in the AI stock rally could help crypto attract capital, while AI agents are likely to boost Ethereum and Solana adoption.
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Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth
The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.
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Arbitrum Adopts Paxos' USDG as Its Ecosystem Dollar
The stablecoin goes live on Arbitrum One with Fluid, Morpho, GMX, Maple and Kraken behind it. A proposal published the same day asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent... Read the full story at The Defiant
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Paxos’ $3B USDG stablecoin launches on Arbitrum
Paxos’ USDG stablecoin is now live on Arbitrum as the network proposes 100 million ARB in incentives to support adoption and liquidity.
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EEZ tests atomic L1-to-L2 transaction in push to unify Ethereum
An EEZ contributor shared a 0.001 ETH cross-chain test as the project develops a framework to connect Ethereum mainnet and its rollups.
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Ethereum’s Glamsterdam test gets last-minute fix before major capacity jump
One of Ethereum’s main validator clients updated its software hours before a Sepolia test that will raise the amount of work each block can hold to 200 million gas.