Buterin donates to 2 projects pushing ‘next steps’ of digital privacy

Bhutan has allocated $970,000 in Ethereum for staking, marking a significant step in the country's strategic embrace of blockchain technology. This investment is expected to enhance Bhutan's digital infrastructure and foster innovation within its economy.

Ethereum is currently retesting key resistance levels after a notable correction, with analysts anticipating the upcoming Fusaka upgrade on December 3 as a potential catalyst for a rally. This follows a challenging November where Ethereum faced a 26% decline amidst broader market pressures.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.

Ethereum has raised its block gas limit to 60 million as the network prepares for the upcoming Fusaka upgrade, which is anticipated to enhance its capacity and efficiency. Co-founder Vitalik Buterin expressed optimism about continued growth, emphasizing the need for smarter adjustments to avoid new bottlenecks.

Ethereum (ETH) is attempting to recover from a recent market correction, with analysts suggesting a potential end-of-year rally that could see prices jump by 50% in December. The cryptocurrency is currently retesting the $3,000 mark after experiencing a 4.4% daily surge, although it has faced resistance in reclaiming this level.

Vitalik Buterin, co-founder of Ethereum, has donated 128 ETH, approximately $760,000, to two decentralized messaging applications, Session and SimpleX, emphasizing their importance for the future of privacy-focused communication. This move underscores his ongoing concerns regarding the erosion of digital privacy in the cryptocurrency space.

Vitalik Buterin, co-founder of Ethereum, has made a significant donation to privacy-focused messaging platforms, including Session and SimpleX Chat, highlighting his commitment to enhancing user privacy in digital communications. This donation aligns with his ongoing advocacy for privacy as a fundamental right in the digital age.

Ethereum's price has reclaimed the $3,000 mark, trading at $3,037, following a surge in exchange-traded fund inflows and significant accumulation by large investors, known as whales. This recovery comes after a period of selling pressure that had pushed the price below this critical level.