Crypto markets appear to have turned a corner after the collapse of Sam Bankman-Fried's crypto empire.

Ethereum core developers are moving toward putting <a href="https://eips.ethereum.org/EIPS/eip-4844">EIP-4844</a> — a highly-anticipated scaling proposal — live in a future mainnet upgrade, according to an Ethereum core developer <a href="https://www.youtube.com/watch?v=HX_Zr_gVeOE">meeting</a>.&nbsp;

Ethereum (ETH) continues to display a better price action than Bitcoin (BTC) as the price reclaims the demand zone and eyes a further rally to a region of $1,300 if the crypto market remains calm ahead of a monthly close. Despite the relief bounce from Ethereum (ETH), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance)

Ethereum’s whale addresses are increasing their accumulation of the second-largest cryptocurrency, according to Santiment. The analytics firm reported that wallets holding between $10.9 million to $1.09 billion worth of ETH scooped 947,940 ether (worth $1.1 billion) on November 21.

With all the attention in the crypto-space being directed towards the <a href="https://ambcrypto.com/attorneys-highlight-poor-management-at-ftxs-first-bankruptcy-hearing/">FTX saga</a>, <a href="https://ambcrypto.com/how-the-latest-uptick-in-whale-interest-really-helps-ethereum-eth/">whales and sharks</a> have been accumulating ETH under the radar.

Leading immersive live events platform VRJAM today unveiled an exciting new project to empower artists to perform live in the metaverse, powered by the world's no. 1 game developer, Epic Games.

The developers behind Akula, an Ethereum client implementation, have decided to scrap the project because they cannot compete with a newly announced rival project that has similar features and is run by a well-known crypto VC firm.

According to PeckShieldAlert, a whale has removed 84K Ethereum (ETH) worth almost $103 million from Lido: Curve Liquidity Farming Pool Contract. It caused the stETH/ETH exchange rate to fall from 0.985 to 0.975. A significant depeg between staked Ethereum and Ethereum can be worse for the crypto market.

The price of ether has jumped to over $1,200 since it was announced that the staking withdrawal entered the testnet stage.

The largest whales on the Ethereum ($ETH) network have added over $1 billion worth of the second-largest cryptocurrency by market capitalization in a single day as they continue “rapidly” accumulating the cryptocurrency after its price dropped significantly.