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Crypto

Ethereum slides nearly 5 percent, triggering $170 million in long liquidations as bad news chills sentiment

Ethereum fell nearly 5 percent in a day, prompting heavy liquidations of bullish leveraged bets. Cointelegraph reported about $170 million in leveraged long positions were wiped out, erasing most gains from the past 12 days and weakening sentiment. The slide came as bitcoin struggled to hold $62,000 and selling spread across altcoins. Analysts cited uncertainty over U.S.-Iran peace talks, weaker risk appetite and signs of stress across derivatives, DeFi activity, spot ETF flows and the Ethereum Foundation’s restructuring.

Crypto

Ethereum \'Glamsterdam\' upgrade enters final stage as devnet testing begins

Ethereum developers have entered the final stages of work on the next major upgrade, dubbed “Glamsterdam,” and have begun devnet testing that includes the full set of Ethereum Improvement Proposals. Ethereum Foundation core developer Parithosh Jayanthi said the devnet work is the last step before testnet stabilisation and deployment, though an exact activation date has not been set. The upgrade is expected in the second half of this year.

Crypto

Ethereum developers top 1 million, quantum resilience and L2 integration seen as next tasks

The cumulative number of contributing developers in the Ethereum ecosystem has exceeded 1 million, reaching 1,012,824, with about 232,000 active over the past 12 months. Joseph Chalom, CEO of Nasdaq-listed SharpLink Gaming, said no other blockchain ecosystem has reached that scale. He cited Electric Capital data and highlighted upcoming priorities including the 2026 hard fork “Glamsterdam”, cross-rollup synchronous composability and post-quantum security efforts targeting a transition around 2029.