Ethereum and layer 2s · 30 recent stories
Crypto Briefing reports that the US government holds about $20 billion in Bitcoin and Ether. The article suggests these holdings could influence market dynamics, policy decisions and future regulatory frameworks for digital assets.
ETH dropped to just above $1,800 during a weekend market-wide crash, its lowest level in almost three months, and is down more than 25% since 4 November. Onchain Lens data shows the Ethereum Foundation sold 7,500 ETH over four days, worth about $14.5 million, with its latest 2,500 ETH swapped for USDS via CoWSwap. Peter Schiff says a break below the roughly $1,600 uptrend could send ETH toward the 2022 low near $1,000.
HYPE traded near $73 on Friday, down about 7% over seven days, compared with a fall of more than 9% for Bitcoin and nearly 14% for Ethereum. Bitunix research found HYPE's open interest on Hyperliquid fell about 12%, from $1.21 billion to $1.07 billion, while Ethereum's fell more than 52% on the same platform. US spot Bitcoin ETFs recorded $284.1 million in outflows on November 12, their sixth consecutive negative session.
Bitcoin and ether are both trading in price ranges where market makers and dealers may add to volatility. The article describes this as a behind-the-scenes force that could amplify price swings, but it gives no specific figures.
Ethereum developers are weighing a reset of the Hegotá upgrade with post-quantum security in mind. Quick slots have been dropped, while FOCIL and a new consensus direction remain unresolved. Christine D. Kim described development as 'on pause'.
Both headline US inflation readings came in below forecasts, though the headline cites producer prices at 6.5%. Bitcoin and ether edged higher. Interest-rate markets still price in a December rate hike by the Federal Reserve.
Bitcoin fell back from above $81,000 after an earlier attempt at $87,000, with macro pressure, rising inflation and higher Fed rate-hike odds cited as drivers. ChatGPT said Bitcoin is no longer in a confirmed bull market after losing its 50-week moving average, with price heading toward the $66,000 area. Grok and Perplexity called it a sharp but normal correction, though Perplexity noted the bull case is invalidated until the price reclaims lost levels.
Bitcoin fell below $68,000 on November 13, more than 45% below its $126,080 all-time high. Analyst Z argues the record will not return, citing higher interest rates and competition for capital from AI firms and SpaceX, while Michaël van de Poppe and Merlijn The Trader see a possible bottom near current levels. CryptoQuant data shows the drawdown of roughly 19% is larger than the 14.39% average bull-market correction.
Ether has fallen below $1,900, with losses outpacing those of bitcoin. US spot ether ETFs recorded a sixth consecutive session of net withdrawals, and the flow tally for the following day was still incomplete at the time of reporting.
Arca chief investment officer Jeff Dorman said on Unchained that Vitalik Buterin's November 8 X thread, which argued ETH is better as a store of value than as a fee-burning token, is misguided. Dorman estimated Ethereum's recent revenue at about $6 million over 30 days and said roughly $200 billion of ETH's valuation is social value, while suggesting Ethereum could tax the apps built on it.
AAVE, the governance token for the Aave protocol, has lost about 30% over four weeks, a larger percentage fall than bitcoin or ether. Aave's dollar-denominated locked value fell by a smaller proportion than the token.
Ethlabs has withdrawn its Quick Slots proposal from the Hegotá upgrade. The lab says it will concentrate on making Ethereum post-quantum by 2027.
Akash has opened a migration that lets holders lock AKT on Cosmos and receive the same amount on Solana. The move is one-way, and the window stays open for two years.
Giulio Rebuffo, Erigon's former CTO, announced on X on 13 November that he has joined the Ethereum Foundation to work on "applied AI x Client Dev" alongside the technical teams and management. The hire follows at least eight high-profile exits from the foundation this year, and Vitalik Buterin has argued for months that AI-written code should be paired with more testing and formal verification.
Stellar (XLM) led 24-hour growth in tokenised fund assets with $44.9 million, ahead of Solana and Ethereum. The article says Stellar's real-world asset (RWA) market has reached $5 billion.
Ethereum has fallen below $2,000 and is testing a daily demand zone between $1,900 and $1,980, with the price recently near $1,940. Price sits below the $2,150 and $2,380 moving averages, and the analysis flags a bearish structure with lower highs and lower lows. Traders are watching whether $1,900 holds, with the $2,000 level now the key reclaim.
The Block's Ethereum 101 guide covers smart contracts, accounts and the EVM, ETH and gas fees, and Proof of Stake. It also covers network upgrades and how alternative Layer 1 chains trade off security, decentralisation and scalability.
CryptoPotato's technical review says Ethereum fell 13% over the week and broke below $2,000, with $1,800 and $1,500 named as the next levels to watch. XRP lost nearly 15% and is sitting on $1 support, with $0.80 flagged if that breaks, while Cardano is retesting $0.15 after an 8% weekly fall. Binance Coin closed the week 8% lower below $690, with $580 seen as the likely retest, and Hyperliquid is holding $70 support with $50 flagged if that fails.
Coinbase plans to delist 12 trading pairs, including ADA-ETH and XLM-BTC, as part of a liquidity shake-up. The affected pairs include Cardano and Stellar non-USD markets. The article headline and summary give no further detail on timing or the other ten pairs.
An Ethereum consensus client has merged a fix for a validator pubkey cache poisoning bug ahead of the Glamsterdam upgrade. The report does not give further technical detail, the client name or the bug's severity.
Sygnum's ETH Alpha Fund, announced on November 12 and open to investors since November 2, targets 8–10% annual returns after fees, including staking income, measured in ETH. The portfolio also uses options premiums, arbitrage and derivatives carry or funding strategies, with collateral held through Sygnum Protect. The fund has a $100,000 minimum, monthly subscriptions and redemptions with advance notice, and an investor-level gate of up to 10%.
Nasdaq-listed Ethereum treasury firm BTCS sold ether at a loss to keep a $64 million loan on Aave healthy. The company has 46,676 ETH backing its borrowings, and the loan could become eligible for liquidation if ether slides to around $1,700.
Ethlabs has proposed in a November 11 paper that quantum resilience and defence against AI-assisted attacks become Ethereum's top priority for 2027. The plan would withdraw its quick-slots work from Hegotá and reconsider other features outside the security goal. The article stresses that this is a contribution to the development process, not an agreed activation date.
Tron, Tether and Chainalysis have formed a Digital Crime Task Force to proactively trace illicit USDT on Tron and freeze funds before they move. It replaces the T3 unit, which the same trio had built with TRM Labs and which quietly collapsed just weeks earlier.
KPMG has completed a full audit of Tether Gold (XAUT), counting every gold bar behind the token and confirming about $2.2 billion in physical gold backing. It is Tether's second stablecoin to receive a full audit from a Big Four accounting firm.
The SEC has sided with the CFTC in a legal dispute over stock perpetual futures from Kalshi, Coinbase and Bitnomial. With both regulators now defending the approvals, the products look safer, though one judge has signalled doubts about them.
Binance Wallet has announced it will end support for Blast, an Ethereum layer 2 network. The report does not give an effective date or the reasons for the decision. Users who interact with Blast through the wallet should look for the official notice for timing and next steps.
F2Pool co-founder Chun Wang sold ETH at $2,400 for $18.5 million, then spent $10.78 million a week later to rebuy 5,246 ETH at a reported 14% discount. He staked most of the purchased ETH through Lido. The article presents the move as a notable trade by a known mining figure rather than a market event.
Fidelity's Timmer has asked whether the AI trade is over, which the article suggests could prompt a rotation of capital into Bitcoin. The piece is brief and gives no price data, forecasts or further detail.
Gemini reports that Zcash fell 22.67%, XRP lost 18.89% and Ethereum dropped 13.98% over the past week during an ongoing market sell-off. The article describes widespread double-digit losses across altcoins.