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Ethereum Dancing on Two Fronts as Quantum Upgrade Advances and Treasury Leverage Bites

Ethereum developers want to upgrade the network to be quantum-ready by 2027, potentially accelerating one of its biggest security overhauls. Nasdaq-listed BTCS has been selling ETH below its purchase price to manage $64.1 million in outstanding Aave debt. Both stories carry significant implications for Ethereum’s next growth phase.

Sources:Cryptonews

Bitcoin returns to 200-week trend line as analyst sees risk of $57.7K next

Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000. At the start of the week, we outlined the most significant macro events that were expected to rattle the markets. While some did, we couldn’t have envisioned the dramatic Nvidia CEO saga, which unraveled quickly and led to some major fluctuations across all financial fields.

Unocoin says BitGo freeze held, but a backup key let funds leave on-chain

Unocoin says crypto left one of its wallets even though it froze its BitGo account in its latest update on the exploit it suffered. Unicoin thinks a backup recovery path in BitGo’s (NYSE: BTGO) multisignature wallets was used to move its funds, but it does not know who the perpetrator is.  How did crypto leave a wallet that was frozen? Unocoin asked BitGo to freeze its company accounts on November 6 after it spotted suspicious activity.

Erigon’s Giulio Rebuffo joins the Ethereum Foundation as it bets on AI-written code

Giulio Rebuffo, Erigon’s former chief technology officer, has joined the Ethereum Foundation to work on applying AI to client development. Rebuffo made the announcement on X on Friday, November 13, where he said that his new role is focused on “applied AI x Client Dev,” adding that he “will be working alongside the technical teams and the management.” The… From high-school contributor to the Merge engineer Rebuffo is not a typical new hire.