Ethereum scaling project MegaETH slashes staff by 20% as it pursues AI business
Decentralized Finance total value locked on MegaETH dropped significantly from over $245 million to $8.8 million.
This story was originally published by CoinDesk.
More Ethereum News
Ethereum
ETH Tanks Another 5% as Ethereum Foundation Keeps Selling and Schiff Sounds the Alarm
Although weekends are typically calmer within the cryptocurrency community, this one is an evident exception to the rule, with BTC, ETH, XRP, and essentially all other altcoins posting fresh losses…
Ethereum
Ethereum Staking Hits Record 36.3% Of Supply As ETH Holders Lock In
The ETH price has had a rough month. But Ethereum’s most committed holders do not seem to care. More than a third of all ether is now locked in staking, a new all-time high. According to Token…
Ethereum
ETH's Path Back to $2,300 Runs Through Ether Funds That Lost $215M in Two Days
Three Things to Know US spot Ether funds shed roughly $215 million in two sessions as ETH slid to a three-month low.Daily momentum sits deep in oversold territory, yet sellers still control the…
Ethereum
ETH Price Prediction: Deeper Correction Possible as a Fed Hike Pushes It Below $2,000
Three Things to Know The Fed raised rates again, adding fresh pressure to an ether market already losing fund support.Ether's daily chart shows deeply oversold momentum, yet sellers still control a…
Ethereum
ETH Foundation Wallet Sells 2,000 Ethereum as ETF Exits Run 87 Times Bigger
Three Things to Know An Ethereum Foundation-linked wallet sold more ETH this week, while spot ETF redemptions dwarf its sales.Ether looks deeply oversold on the daily chart, but momentum still favors…
Ethereum
Erigon’s Giulio Rebuffo joins the Ethereum Foundation as it bets on AI-written code
Giulio Rebuffo, Erigon’s former chief technology officer, has joined the Ethereum Foundation to work on applying AI to client development. Rebuffo made the announcement on X on Friday, November 13…