Vitalik Buterin Donates to Two New Privacy Coins, Next Big Thing?

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.

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.

The cryptocurrency market experienced a notable rebound on November 27, with Bitcoin's price rising sharply above $90,000 after hitting a recent low, while Ethereum (ETH) surpassed the $3,000 mark. This resurgence follows two consecutive days of positive ETF flow data, particularly from major players like BlackRock.

Ethereum co-founder Vitalik Buterin has donated over $760,000 in Ether to two projects aimed at advancing digital privacy, highlighting his commitment to enhancing user security in the digital space.

Thai authorities have ordered the digital identity project World, backed by Sam Altman, to cease operations in the country and delete all user identification data collected from residents, as announced by the Ministry of Digital Economy and Society.

Grayscale has filed a proposal with the US Securities and Exchange Commission to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF), potentially bringing the privacy-focused cryptocurrency into mainstream financial markets. This filing follows a significant rally in Zcash's price, which has surged over 1,000% recently.

Ethena's total value locked (TVL) has plummeted from $14.8 billion to $7.6 billion, marking a significant decline of over 50%. This drop underscores the volatility associated with yield-bearing stablecoins, as traders rapidly exited their positions on various platforms.

Solana's price surged to approximately $136 as traders identified early signs of a trend reversal, moving closer to a significant resistance level. This increase follows a bounce from a critical support zone, indicating potential short-term bullish momentum in the cryptocurrency market.