**MegaETH Refunds and New Investments**
MegaETH reversed its $500M pre-deposit campaign and announced a full refund for users following a series of issues, including transaction failures, KYC system malfunctions, and smart contract glitches.
Bitwise submitted an updated spot Avalanche ETF filing that includes built-in staking rewards, becoming the first issuer to offer this feature. Meanwhile, Balancer DAO is planning an $8M recovery plan to distribute funds to liquidity providers following a $110M exploit that significantly reduced their TVL by two-thirds.
**Market Movers and Potential**
BitMine Immersion Technologies acquired 14,618 ETH, and crypto analyst Tom Lee predicts ETH reaching $7K-$9K by the end of January 2026. Kalshi’s valuation surged to $11 billion in just a few weeks, solidifying its position as a leader in prediction market platforms alongside Polymarket, which aims for $12-15 billion in funding.
**Ethereum Network Updates**
Ethereum has raised the block gas limit from 45M to 60M to accommodate the upcoming Fusaka upgrade.