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Nearly $10 Million at Risk as Ethereum Layer 2 Prepares to Shut Down
Nearly $10 million could be stranded on an Ethereum layer 2 after deposits were halted and the network announced plans to shut down. CryptoSlate said users must follow differing exit procedures before New Year’s Eve to avoid possible loss.
CrowdStrike and Authorities Disrupt Russian Malware Targeting Crypto Transfers
CrowdStrike and federal authorities disrupted Russia-based Sality malware, which allegedly redirected copied Bitcoin and Ethereum wallet addresses for eight years. More than 15,000 infected machines have been isolated.
Bitmine reaches 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine now controls 4.9% of Ethereum’s supply after adding 53,500 ETH, Cointelegraph reported. The purchase marks 65 consecutive weeks of accumulation despite a prolonged crypto downturn and $5.1 billion in paper losses.
Robinhood Chain Surpasses Ethereum in Daily Revenue on Memecoin Activity
Robinhood Chain recorded $2.66 million in revenue and 5.52 million transactions on Aug. 30, surpassing Ethereum’s daily revenue as memecoin tools drove most activity and users launched 22,600 tokens.
Ethereum staking queue stretches to 35.75 days, costing depositors over $350,000 daily
Ethereum’s staking activation backlog has reached 35.75 days, with CryptoSlate estimating that deposits awaiting entry are missing more than $350,000 in rewards daily under the network’s 256 ETH-per-epoch activation limit.
Ethereum ETF Launch’s $10.36B Opening Balance Was Mostly Existing Grayscale Holdings
US spot Ethereum ETFs appeared to launch with $10.36 billion in assets, but CryptoSlate’s review of filing data found that most came from ETH already held by Grayscale’s older trusts rather than new institutional buying.
Ripple Prepares XRP Ledger for the Quantum-Computing Threat
Ripple is preparing the XRP Ledger for the potential threat posed by quantum computers. The move follows an Anthropic model’s reported 67-million-fold reduction in attack work and migration plans published by Bitcoin and Ethereum.
Charles Schwab Plans to Add Solana, Avalanche and Chainlink Trading
Charles Schwab plans to expand Schwab Crypto beyond Bitcoin and Ethereum by adding Solana, Avalanche and Chainlink. Decrypt reports that the brokerage has not yet provided a launch date for the three tokens.