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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...

Explore the Future of Gaming with Immutable zkEVM: A Game-Changing Ethereum Layer 2 Network

Immutable zkEVM, the new gaming-centric Ethereum layer 2 network powered by Polygon's zkEVM technology, has officially launched its mainnet in early access. This marks a pivotal moment for developers as they now have the opportunity to start building on this chain. Immutable, the company behind Immutable X network, has confirmed that Immutable zkEVM will initially remain in a limited early access configuration, allowing only approved developers to work on the network. The company aims to open up access to all builders by 2024, although this has not been officially confirmed. In the interim, studios can utilize the zkEVM testnet for experimentation and testing purposes.

Advancing the Gaming Ecosystem

Immutable Head of Product Marketing, Michael Powell, expressed excitement about the launch of Immutable zkEVM, emphasizing that it represents a significant milestone in their mission to create the best end-to-end experience for Web3 games. This new chain is strategically positioned to empower game studios to enhance their game economies, safeguard their communities, and provide seamless experiences for users. Powell highlighted that this development signifies a progressive step towards establishing a gaming ecosystem that benefits players, studios, and developers alike. Moreover, he emphasized the platform's offerings of gas-free functionality for players, turnkey product integrations, smart contract templates, and a secure gaming environment.

Upcoming Game Launches

Exciting game launches are on the horizon for Immutable zkEVM. Action role-playing game Guild of Guardians and card-based strategy game Shardbound, both published by Immutable, are slated to debut on the network in the first half of 2024. Additionally, MetalCore, a mech battling action game that garnered positive reviews during Decrypt's testing in 2023, is also set to go live on Immutable zkEVM within the same timeframe. Matt Candler, CEO of developer Studio369, teased upcoming community missions and playtest milestones for players leading up to the game launches.

By leveraging Immutable zkEVM for game development, developers can implement a myriad of features to enhance the gaming experience, foster community engagement, and streamline gameplay mechanics. This launch signifies a significant advancement in the realm of blockchain gaming and sets the stage for innovative developments within the gaming industry.

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