Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the scaler, Abstract is about to follow suit. On Tuesday, Igloo Inc.—the company behind the c...
Watchlist
Fresh in the current trading session. A tracked entity is involved.
Why this matters
Ethereum is showing up inside the Layer 2 theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on Bitcoin NewsRelated market context
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Pudgy Penguins’ parent firm shuts down its own blockchain
Pudgy Penguins’ parent company, Igloo Inc, announced the shutdown of Abstract Chain after “losing tens of millions of dollars over...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Abstract to Shut Down Dec. 15 After Consumer Crypto Model Fails to Scale
Key Takeaways: Abstract will close on 15th December, 2026, and users will have to move assets off the network before the time. The...
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...