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Crypto

Ethereum layer2 closures continue as Abstract to halt in December after Blast

Consumer-focused Ethereum layer2 network Abstract will shut down its chain on Dec. 15, The Block reported. Abstract cited stalled growth, insufficient liquidity, a limited DeFi ecosystem and weak institutional adoption. More than 144 apps run on the network, which said it had secured more than 400,000 users through partnerships including Red Bull Racing and Disney. Users must move assets off Abstract before the shutdown date or risk losing access.

Telecommunications & Media

Samsung Electronics launches Galaxy Tab S12 series, SmartTag3 in South Korea

Samsung Electronics said on Monday it will launch the Galaxy Tab S12 series and Galaxy SmartTag3 in the South Korean market. The tablet lineup includes the Ultra and Plus models, both supporting Galaxy AI features and an S Pen for writing and drawing, with Adobe Photoshop installed first on this series among Android tablets. The SmartTag3 is smaller and lighter than its predecessor and offers up to 790 days of battery life.

Telecommunications & Media

OTT streaming M&A surge may raise prices and cut consumer choice

A report warned that major mergers and acquisitions in the streaming industry could concentrate content and distribution in a few companies, increasing consumers\' costs and narrowing choice. Ars Technica cited cases involving Disney and Fubo, including a lawsuit that ended after a deal combining Hulu+ Live TV and Fubo, with Disney taking about 70 percent of the new company. It also noted Fubo raised monthly fees by $15 after resolving a dispute with NBCUniversal.