Premiere 24.3 - Cross Dissolve Issue

[Avid Fan]

Having an issue after updating to premiere 24.3 with cross dissolves - instead of fading to black or up from black smoothly, it fades to gray and then to black or picture. This only happens in playback, does not translate to renders.

Anyone else seeing this?

On a mac

[kjhgray]

The very interesting part is that I also had this problem. 
What is common is the Apple Silicon M2 model (to be exact, my model is M2 Studio Ultra).
I'm surprised this happens.
This phenomenon has been reproduced by users around me using the Apple Silicon M2.

[kjhgray]

The very interesting part is that I also had this problem. 
What is common is the Apple Silicon M2 model (to be exact, my model is M2 Studio Ultra).
I'm surprised this happens.
This phenomenon has been reproduced by users around me using the Apple Silicon M2.

[NES30722275l6pp]

Exactly the same here! Only on Full screen. Works fine otherwise.  I'm on 24.6, on a M2 max. Very annoying!

[ashwina13581572]

Apple M2 Mac Studio and Premiere Version 25.1

Still have the same issue. It appeared overnight sometime ago and I had enough projects without cross dissolves that I forgot about until recently. It only appears in fullscreen mode. And I think there's one more element that hopefully might help: A thin white outline also appears over the fullscreen image that I'm convinced is new and only recently emerged. 

You can see it in the top and bottom of this image for example. 

[MSandersEmbark]

Been having the same issue for months now, happened both an an M1 Max and now an M4 Max. Only happens on Mercury Transmit.