Bitcoin's price is currently in a 'free fall,' triggering a massive cascade of liquidations among leveraged traders. Over the past 24 hours, BTC plummeted from $74,300 to a low of $66,800, resulting in a staggering $1.42 billion in liquidations, with traders holding long positions suffering the most significant losses, accounting for $1.24 billion of that total.

Simultaneously, the Ethereum ecosystem is making strides in technological innovation. Certora has been awarded a grant by the Ethereum Foundation, an initiative aimed at fostering the creation of a zero-knowledge (ZK) future for the Ethereum Virtual Machine (EVM). This development underscores ongoing efforts to enhance the scalability, privacy, and efficiency of the Ethereum network.