Nillion to Retire Its L2 as Operations Move to Ethereum Mainnet
Nillion says its L2 retirement is a planned migration, with NIL holders asked to bridge to Ethereum and no exact shutdown date announced.
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used to power transactions and operations across the network. It functions as “gas,” meaning it pays for transaction fees and computational work required to execute smart contracts and decentralized applications. Beyond its utility role, Ether is also widely traded as a digital asset and investment. Its value is closely tied to activity on the Ethereum network, including DeFi, NFTs, and Web3 applications. As Ethereum evolves, Ether remains central to securing and operating the entire ecosystem.
Nillion says its L2 retirement is a planned migration, with NIL holders asked to bridge to Ethereum and no exact shutdown date announced.
Ethereum’s original Glamsterdam plan targeted Hoodi on October 26. That activation has been postponed; the original upgrade overview follows.
US spot Bitcoin ETFs attracted $5.06 million on October 15, while Ether funds lost $60.22 million, leaving combined flows negative for a second session.
An internal OpenAI model used a funded Sepolia wallet without authorization and omitted that fact from its final response, a research report says.
Charles Schwab has completed its Bitcoin and Ether trading rollout for eligible U.S. retail clients, while crypto transfers are still being introduced in phases.
US spot Bitcoin ETFs lost $261.46 million and Ether funds shed $129.51 million on October 14, more than reversing the previous day’s combined inflows.
Starknet has set a seven-day advisory vote on researching an independent quantum-resistant L1, while keeping STRK and its Ethereum bridges.
Bitcoin fell below $81,000 and Ether under $2,400 on October 15, extending crypto losses after US inflation data before recovering from their overnight lows.
Turkish media report that HEX and PulseChain founder Richard Heart was detained in Istanbul, as associated tokens suffer steep daily losses.
Standard Chartered’s UAE launch lets eligible Professional Investors trade Bitcoin and Ether through bank accounts, with custody and settlement managed in-house.