Ethereum News: Overtime Launches $OVER Token and Implements Full Account Abstraction UX

In a move designed to enhance its platform and unify its identity, Overtime, an onchain sportsbook platform, has integrated its parent protocol, Thales, under its own brand. This consolidation has also led to the launch of a new native token, $OVER, and the unveiling of a new primary domain. Additionally, Overtime has implemented full Account Abstraction integration to improve the user experience on its platform.

Overtime Launches $OVER Token and Full Account Abstraction UX

Overtime, an onchain sportsbook platform, has integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. The project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience. Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms, with over four years of development. Built on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime has supported over 100 sports and facilitated over $200 million in volumes.

Ethereum Technicals Not Looking Good: Will ETH Crash Further?

Ethereum (ETH), currently priced at $1,898, is facing mounting challenges as on-chain data reveals significant selling pressure from whales, leading to a sharp decline in its relative strength against Bitcoin (BTC), which is priced at $86,654. The 24-hour volatility for ETH is 1.0%, with a market cap of $229.21 billion and a 24-hour trading volume of $14.22 billion.

Ethereum Burn Rate Fizzles Amid Worst Quarter Since 2022

Monday marked the end of a painful quarter for Ethereum, as the network’s native asset’s so-called burn rate fizzled amid one of its worst performances in recent memory. The metric, which tracks the rate of Ethereum removed from circulation, recently hit its lowest level since August 2021, weighing on Ethereum’s market performance according to Wintermute. Last week, around 53 ETH was burned per day, while ETH’s supply has increased 3% since an upgrade called EIP-1559 took effect. The lower burn rate underscores how ETH’s ability to accrue value has shifted since developers embraced layer-2 scaling solutions a year ago.

Ethereum News: Whale Liquidations Loom, Exchange Reserves Hit 2-Year Low

In recent Ethereum news, ETH traded near $1,800 on March 31. Mounting pressure on whale wallets and declining exchange reserves are fueling debate about an incoming supply shock. As on-chain metrics point to rising accumulation and thinning supply, analysts remain divided over whether ETH can break key resistance or face forced liquidations from Leveraged whales. Specifically, $229M in Ethereum faces liquidation risk below $1,787, as two large whale wallets on MakerDAO could face liquidation if ETH dips below this threshold. These wallets collectively hold 125,603 ETH, worth around $229 Million, according to blockchain analytics platform Lookonchain. Their respective liquidation thresholds sit at $1,787.75 and $1,701.54, posing a short-term risk if ETH closes below support.