Ethereum smart contracts exploited by AI: GPT-5 and Claude demonstrate million-dollar vulnerabilities

Ethereum's open interest has plummeted by 51%, dropping from an all-time high of $12.6 billion to $6.2 billion, as nearly $6.4 billion in derivative positions have vanished. This decline follows a significant drop in Ethereum's price, which has fallen below the $2,800 mark, causing heightened panic among investors and raising concerns about a potential bear market.

The cryptocurrency market is experiencing a downturn, with Bitcoin leading the decline, causing Ethereum and Dogecoin prices to follow suit. Analysts speculate that the market may be entering a bear trend after a prolonged period of growth, although some predict a potential price pump could occur before this trend solidifies.

Ethereum's Fusaka upgrade is set to launch on December 3, 2025, introducing significant enhancements in scaling, security, and user experience, which are expected to improve the overall efficiency of the network.

Bitmine has continued its aggressive acquisition strategy by purchasing an additional 7,080 ETH, despite Ethereum's recent price drop below $2,800, which has raised concerns about a potential bear market. This decline has intensified selling pressure, leading to a struggle for buyers to maintain key support levels.

Bitcoin long-term holders have seen their supply increase for the first time since April, indicating a potential shift in market sentiment. This uptick in the 6-month inactive supply suggests that investors are holding onto their assets rather than selling, which is often seen as a bullish sign in the cryptocurrency market.

Ethereum co-founder Vitalik Buterin has allocated a grant of 256 ETH, approximately $760,000, to two privacy-focused messaging applications, Session and SimpleX Chat, emphasizing the importance of user privacy in digital communications.

Amazon has entered the competitive landscape of artificial intelligence (AI) amid rising concerns over cryptocurrency and risk assets, signaling a significant shift in its business strategy. This pivot comes with potential risks, including heavy borrowing and sustainability issues, particularly if demand for AI technology declines.

Bitcoin and major altcoins, including Pepe Coin, Solana, and XRP, experienced a significant price surge on December 2, recovering from previous losses. Bitcoin rose by 6.5%, while Pepe Coin, Solana, and XRP also saw notable increases, contributing to a rebound in the overall cryptocurrency market.