Author: Digicoinvision
Ethereum layer-2 megaeth will refund over $400m after a misconfigured multisig and third-party bridge issues derailed its usdm pre-deposit launch. Summary Megaeth will return all pre-deposit funds after technical failures pushed usdm deposits above $400 million. A misconfigured multisig let an external party reopen the bridge early, after outages at a third-party provider. Refunds await a contract audit, with a redesigned usdc-usdm bridge planned before the frontier mainnet beta. Ethereum Layer-2 project MegaETH announced it will refund all funds raised through its Pre-Deposit Bridge following operational failures that disrupted the launch of its native stablecoin, USDm, according to a statement…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price is displaying signs of bullish momentum once again as the leading altcoin reclaims the $3,000 mark following a rebound across the broader cryptocurrency market. While the price has picked up pace, the ETH derivatives market is heating up, with futures demand rising sharply compared to the spot market. Futures Appetite Surges Ahead Of Spot Buying With the price of Ethereum displaying renewed upward strength, the altcoin appears to be changing its tempo, and this change is not coming from where most traders typically look. A…
BitMine Immersion Technologies, the Nasdaq-listed crypto treasury firm led by Tom Lee, bought 14,618 ETH worth about $44.34 million. Summary BitMine bought 14,618 ETH through BitGo at an average price of $3,033 per coin. The firm now holds 3.63M ETH, about 3% of supply, moving closer to its 5% target. BitMine plans to stake ETH via its Made in America Validator Network pilot in 2026, supporting long-term treasury growth. The latest purchase went through institutional custodian BitGo at an average price of roughly $3,033 per ETH, according to blockchain analytics platforms. This move continues BitMine’s plan to build a large…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has struggled greatly during the last few weeks, losing the psychological $3,000 level and triggering what many believe to be the start of another bear run. During this time, sentiment has taken an even bigger hit, plunging so far into the negative territory that it’s sitting at levels not seen in years. Naturally, this negative sentiment has triggered fear among investors, but this period of extreme wariness could serve as an opportunity to scoop up the altcoin at low prices. Fear Could Be Presenting An Opportunity…
Large Bitcoin and Ethereum options expiry follows a major leverage washout, with open interest clustering near max pain while both trade just below key resistance. Summary Around 147,000 bitcoin options and 573,000 ethereum options expire Friday, with put/call ratios below 1 and heavy open interest near max pain. Recent PPI upside surprise and a sharp drop in derivatives open interest signal a leverage flush rather than a confirmed new bear market. Deribit notes positioning has stabilized around key support–resistance zones as crypto market cap stays steady and majors hover just under resistance. Approximately 147,000 Bitcoin options contracts are scheduled to…
Ethereum price has broken out of a bullish reversal pattern as the supply of tokens held in exchanges continued to decline to a record low. Summary Ethereum price is up 7% over the past week. Exchange reserves for ETH have dropped to multi-year lows. A falling wedge breakout had been confirmed on the daily chart. According to data from crypto.news, Ethereum (ETH) price dropped for nearly two weeks from $3,633 recorded on Nov. 10 to its monthly low of $2,680 on Nov. 21. It has since rebounded back above $3,000, a level that analysts have noted it must hold for…
Ethereum (ETH) has joined Bitcoin (BTC) in a notable price recovery, managing to reclaim the $3,000 mark. This resurgence could signify a pivotal moment for the altcoin, suggesting a potential new upward trend. However, investors remain divided on whether ETH may face further declines or if a year-end rebound could reignite bullish sentiment. ETH’s December Struggles In order to anticipate Ethereum’s probable moves in December, Alex Carchidi, an analyst at The Motley Fool, notes that this month has traditionally been a difficult month for the cryptocurrency. Since 2016, Ethereum has only concluded December higher than it started in four of…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum founder Vitalik Buterin has quietly redirected part of his growing on-chain privacy activity toward the encrypted-messaging space, donating a total of 256 ETH to SimpleX Chat and Session via the Railgun privacy protocol. Onchain analytics firm Arkham first flagged the move, noting “VITALIK JUST SENT $2.9M $ETH TO RAILGUN. Vitalik holds over $700 MILLION of ETH, and just sent $2.9M into Railgun. What is he cooking?” VITALIK JUST SENT $2.9M $ETH TO RAILGUN Vitalik holds over $700 MILLION of ETH, and just sent $2.9M into Railgun.…
Ethereum’s mainnet has elevated its block gas limit to 60 million, the highest level the network has reached in four years, according to network data. Summary The Ethereum mainnet has raised its block gas limit to 60 million. Over 513,000 validators signaled support for the increase, triggering an automatic adjustment without requiring a hard fork. The increase in gas limit precedes the Fusaka upgrade, which is scheduled for December 3. The adjustment, driven by consensus among network validators, is designed to improve transaction throughput and reduce congestion during periods of high demand, according to industry observers. Data from tracker Gas…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Even though the price of Ethereum has been steadily declining over the past few weeks, the leading blockchain is now experiencing a surge in adoption. Currently, the number of transactions per second processed on the network has increased significantly, reaching unprecedented levels. New Throughput Record For The Ethereum Network In a highly volatile cryptocurrency landscape, the Ethereum network has just reached a new milestone in terms of usage and adoption. On-chain data shows that more transactions are now being carried out on the leading blockchain, indicating renewed…