Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down

Crypto Insight Summary: Abstract will shut down Dec. 15, saying a chain focused solely on consumer crypto proved unsustainable, and is urging users to bridge their assets off before then. Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Layer-2 shutdown may cause short-term ETH outflows and network congestion.