Ethereum Validators Push Gas Limit to 60M in Major Capacity Boost

Ethereum crossed a threshold in execution capacity as its mainnet block gas limit reached 60 million, the highest level the network has seen in four years.  Data tracker Gas Limit Pics showed that in November, over 513,000 validators signaled a 60 million gas limit, pushing the Ethereum network over the threshold needed for the protocol…

Upbit Exchange Suffers $36M Hot Wallet Exploit

Today in crypto: South Korea’s largest crypto exchange Upbit halted deposits and withdrawals on Thursday after spotting about $36 million in unauthorized transfers from a Solana hot wallet, BitMine chair Tom Lee appears to have quietly backed away from his $250,000 year-end Bitcoin prediction, and Bolivia has moved to integrate crypto and stablecoins into its…

Is the SOL price recovery done for now?

SOL’s (SOL) recent recovery stalled at $145 as Solana ETF flows flipped negative for the first time since launch. Key takeaways: Solana TVL drops 20% in November, with a 16% decline in network fees, signaling weak network demand. SOL’s bear flag projects a deeper price correction to $100. SOL recovery at risk amid weak onchain…

Upbit Exchange Suffers $36M Hot Wallet Exploit

Today in crypto: South Korea’s largest crypto exchange Upbit halted deposits and withdrawals on Thursday after spotting about $36 million in unauthorized transfers from a Solana hot wallet, BitMine chair Tom Lee appears to have quietly backed away from his $250,000 year-end Bitcoin prediction, and Bolivia has moved to integrate crypto and stablecoins into its…

Do Kwon Seeks Five-Year US Sentence Over TerraUSD Collapse

Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment…

Vitalik Buterin Backs Messaging Apps Session and SimpleX With ETH

Ethereum co-founder Vitalik Buterin has disclosed a donation of approximately $760,000 in Ether to two crypto messaging apps that he views as pushing the boundaries of digital privacy.  Encrypted messaging apps, like Signal, are “important for preserving our digital privacy,” Buterin said in an X post on Wednesday, adding the next steps for the space…

Edel Finance-Linked Wallets ‘Snipe’ 30% Token Supply, Bag $11M: Bubblemaps

Concerns are mounting over unusual activity surrounding the token launch of Edel Finance, a lending protocol focused on tokenized stocks and real-world assets (RWAs). Blockchain analytics platform Bubblemaps claimed in a Tuesday X post that a cluster of about 160 wallets accumulated 30% of the EDEL token supply, worth $11 million, during the launch earlier…

Do Kwon Seeks Five-Year US Sentence Over TerraUSD Collapse

Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment…

XRP ETFs See 80M Token Pull As Price Eyes Break Above $2.2

XRP’s (XRP) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Monday, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights. Key takeaways: Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch. Sustained…

Philippine Digital Asset Exchange Eyes $60B Tokenization Opportunity With Project Bayani

The Philippines has a $60 billion opportunity in asset tokenization, potentially transforming its capital markets by 2030. Source link