While Ocean Protocol denied the allegations, onchain data points to an Ocean Protocol-linked multisignature wallet converting about 661 million Ocean tokens into 286 million FET. The ongoing feud between Fetch.ai CEO Humayun Sheikh and Ocean Protocol Foundation took another twist, as the CEO issued a bounty for more information related to an alleged misappropriation of tokens worth millions of dollars. Sheikh, in an X post on Tuesday, offered a $250,000 reward for more information on the signatories of OceanDAO’s multisignature wallet and their connection to the Ocean Protocol Foundation. A multisignature or multisig wallet is a cryptocurrency wallet that requires multiple signatures to execute and process a transaction. Read more
The cap on individual transactions aims to improve block efficiency, reduce DoS risks and lay the groundwork for parallel execution in future upgrades like Glamsterdam. Ethereum is entering the final testnet phase of its Fusaka upgrade, the last major step before its expected mainnet rollout on Dec. 3. The update introduces a per-transaction gas cap of roughly 16.78 million units to enhance block efficiency and prepare the network for parallel execution. The change, already active on the Holesky and Sepolia testnets, is designed to prevent single transactions from consuming an entire block’s gas. Previously, a single transaction could use up to the full block gas limit of around 45 million, posing potential denial-of-service risks and limiting scalability. A gas cap limits how much processing power a single transaction can use, ensuring no transaction can monopolize an entire block, and allowing the network to handle activity more evenly. Read more
Crypto futures traders are returning to the market and opening fresh positions as Bitcoin, SOL and ETH rallied into overhead resistance levels today. Key points: Rising spot and futures volumes show traders venturing back into the crypto market. Traders are positioning for upside, but charts hint that swing traders will sell intra-day rally tops. Read more
The $11 billion Bitcoin whale made millions in profit from last week’s crypto market crash and continues betting on more downside. The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC), which is a de facto bet on the price decline of the world’s first cryptocurrency. The large investor opened the short position on Monday, when Bitcoin was trading at $111,190. He currently faces a $2.6 million unrealized loss on the short bet, which stands to be liquidated if Bitcoin’s price surpasses $112,368, according to Hypurrscan blockchain data. Read more