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Produced by Daniel Aharonoff & Mogul Media AI

Ethereum Crashes Below $2,000 as Nvidia Shock Hits Crypto

Ethereum Just Lost $2,000 — And the Dip Buyers Are Betting on Something Bigger Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I've watched Ethereum test the $2,000 line plenty of times. Usually it holds. Usually the buyers show up, the line bends, and the story ends with a bounce. Today was different. Ethereum didn't just test $2,000 — it lost it, falling to $1,996.52 in early U.S. trading on Thursday, November 12, 2026, its first trade below the psychological line since August 19. Some data feeds put the intraday low even lower, at $1,983.82. And here's the twist that makes this more than just another red day: the trigger didn't come from crypto at all. It came from Nvidia. The chip giant's CEO, Jensen Huang, resigned, AI stocks sold off hard, and Ethereum — the asset Wall Street keeps insisting is the "AI blockchain" — got dragged down with them. So now the market is split in a way I haven't seen in weeks. On one...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling Trends: Crypto Developer Landscape Analysis by Electric Capital

The recent report from Electric Capital presents a mixed bag for the crypto industry, showing a decline in the number of active open-source crypto developers while highlighting positive trends in other key areas. Here's a breakdown of the findings:

Drop in Active Developers

  • A sharp 24% drop in the number of active open-source crypto developers from the end of 2022 through 2023.
  • Just over 22,000 developers currently operate in the industry across various blockchains.

Reasons Behind the Decline

  • The decline is attributed to the crypto winter following the collapse of cryptocurrencies UST and LUNA in May 2022, as well as the FTX collapse in November of the same year.
  • Majority of developers who left the industry in 2023 were new to crypto, with over 52% of developers with one year or less of experience exiting the space by December 2023.

Positive Trends

  • Developers with one to two years of experience only dipped by 1%, while developers with over two years of experience grew by 33% by the year's end.
  • Geographic diversity of developers has increased, with a decline in U.S.-based developers and a rise in developers from non-Western countries in Asia, Africa, and Latin America.
  • Europe continues to lead in producing the most crypto developers globally, with 34% of developers from the region last year.

Development Focus

  • 34% of all developers now work on multiple chains, indicating a growing trend towards multi-chain development in the crypto industry.

The crypto industry faces challenges with the departure of developers, but the resilience and growth seen in experienced developers, geographic diversity, and multi-chain development present promising opportunities for the ecosystem moving forward.

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