A broad rally lifted major tokens on Wednesday, with bitcoin and ether bouncing and the majority of altcoins surging, even as ZEC extended a weekly slide.
With market conditions improving and liquidity rotating steadily between Bitcoin and the broader altcoin landscape, memecoins are once again back in the spotlight. The renewed surge in risk appetite has pushed the top memecoins—Dogecoin (DOGE) and Shiba Inu (SHIB)—into double-digit gains, signalling that the long-dormant memecoin momentum is accelerating. As traders shift toward high-beta assets, …
In a Bloomberg interview, former SEC Chair Gary Gensler reiterated that Bitcoin stands apart from thousands of other crypto tokens, which he described as “highly speculative” assets.
What to Know: Coinbase and Bithumb are expanding altcoin listings into a recovering stablecoin market. This signals returning risk appetite, bolstering the case for curated presale exposure. Bitcoin Hyper brings SVM execution and extremely low-latency processing to a Bitcoin Layer 2, targeting wrapped $BTC payments, DeFi, NFTs, and gaming. Maxi Doge and Pumpd offer higher‑beta meme exposure, the former around leverage‑trader culture, the latter around automated burns and AI market tooling. Altcoin risk appetite is quietly returning. Coinbase’s latest roadmap additions and Bithumb’s fresh KRW pairs show that big, regulated venues are finally widening the funnel again, just as spot volumes and stablecoin float start to recover from 2024’s drawdown. When top-tier exchanges expand listings to improve liquidity, it’s usually not about chasing memes; it’s about preparing inventory for the next rotation. Historically, periods like this have front‑run broad alt seasons as sidelined capital migrates from $BTC and stablecoins into higher‑beta narratives. You’re also seeing a structural shift under the surface. Stablecoin market caps are ticking higher, basis trades are back on, and derivatives funding is no longer screaming fear. That combination tends to favor early‑stage bets: investors look for presales that marry strong narratives with credible tech and clear token utility. Against that backdrop, three of the best crypto presales stand out across very different corners of the market: Bitcoin Hyper ($HYPER) as a high‑throughput Bitcoin Layer 2, Maxi Doge ($MAXI) as a hyper‑speculative trading culture play, and Pumpd ($PUMPD) as an experiment in algorithmic meme tokenomics and AI tooling. Bitcoin Hyper ($HYPER): The High-Performance Layer 2 for the Bitcoin Economy Bitcoin established the foundation of digital finance as the ultimate store of value. But to power the next generation of Web3, the network needs speed and utility without sacrificing security. Introducing Bitcoin Hyper ($HYPER), a revolutionary Layer 2 scaling solution engineered to take Bitcoin further. Bitcoin Hyper differentiates itself by integrating the high-performance Solana Virtual Machine (SVM) directly atop Bitcoin’s security anchor. This unique architecture leverages the SVM’s parallel processing capabilities to deliver sub-second finality and negligible gas fees, making high-frequency trading and complex DeFi finally viable on Bitcoin. Furthermore, onboarding assets is secure and seamless via its robust canonical bridge. This trust-minimized gateway ensures that native $BTC can be safely ported onto the Bitcoin Hyper network without relying on centralized intermediaries. Want a bit more project info? We’ve got you covered in our ‘What is Bitcoin Hyper’ guide. The native $HYPER token fuels this rapidly expanding ecosystem, serving as the essential currency for network transaction fees and decentralized governance. Bitcoin Hyper isn’t just faster money; it is the sophisticated infrastructure needed for a decentralized future built on the bedrock of Bitcoin. $HYPER’s already flying high, having raised over $28.8M in its presale. It currently offers you 40% staking rewards, and there have been some hefty whale purchases, one of $500K, showing that smart money sees it as a viable play. Buy your $HYPER today for $0.013365. 2. Maxi Doge ($MAXI): Meme Token for Leverage Degens Maxi Doge ($MAXI) leans unapologetically into the leverage culture that still defines much of crypto trading. Branded as a 240‑lb canine juggernaut, it’s less about utility primitives and more about capturing the 1000x mentality through community competition, and the ‘never skip leg-day, never skip a pump’ attitude. The core pitch is ‘Leverage King Culture’: a meme asset that personifies the high‑risk, high‑reward ethos of perpetual traders while avoiding actual 1000x leverage on platforms that blow up accounts. Holder‑only trading competitions, performance leaderboards, and reward campaigns in the future will turn speculative behavior itself into content and community glue. Already sold on the vibe? Check out our ‘How to Buy Maxi Doge’ guide to see how to get in on the action. On the numbers side, the Maxi Doge presale has raised over $4.2M so far, with tokens currently at $0.000271. That’s a meaningful war chest for marketing, liquidity provisioning, and partnerships through its Maxi Fund treasury, which is earmarked to support listings and ecosystem collaborations as conditions improve. Staking comes with a dynamic APY model currently offering 72% rewards, which can flex based on treasury performance and market conditions. If you believe meme liquidity roars back whenever alt seasons kick off, Maxi Doge offers a focused bet on that behavior. Buy Maxi Doge in its presale now. 3. Pumpd ($PUMPD): Daily-Pump Meme Coin With AI Trading Tools Pumpd ($PUMPD) pushes meme tokenomics into more programmatic territory. It’s a meme‑driven project whose smart contract encodes daily price increase mechanics, an automated burn schedule tied to market triggers, and AI‑powered analytics tools designed to help holders trade more intelligently across the broader market. The token includes a ‘daily pump’ parameter baked into the contract, effectively engineering a persistent upward bias in the quoted presale price while supply gets reduced via automatic burns. Those burns are triggered by specific market conditions, removing tokens from circulation without relying on manual team actions or discretionary treasury moves. On top of that, Pumpd is building AI systems that scan markets, whale wallets, and social sentiment for trading signals, with the goal of turning raw volatility into structured alerts and dashboards for the community. It’s still firmly a meme coin, but one that tries to justify attention with data‑driven tools rather than vibes alone. The project remains in an active presale phase, with guaranteed daily price steps and a growing set of launchpad and AI integrations. As an emerging meme play with a more advanced technical stack, Pumpd fits investors who want speculative upside plus a narrative around automation and on‑chain intelligence rather than pure branding. Get your $PUMPD for $0.000412. Recap: With big exchanges expanding altcoin listings into a recovering liquidity backdrop, the best crypto presales like Bitcoin Hyper, Maxi Doge, and Pumpd offer very different ways to position for the next cycle. Remember, this isn’t intended as financial advice, and you should always do your own research before investing. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/best-crypto-presales-as-coinbase-and-bithumb-add-new-altcoins
The United Kingdom has passed a law officially recognizing cryptocurrencies and other digital assets as personal property under a new law. For years, assets like Bitcoin, stablecoins, and NFTs existed in a legal grey area. Meanwhile, this new law removes uncertainty and supports the country’s growing digital economy. U.K. Digital Asset Property Law Offers Clear …
Yi He will lead the company alongside previous solo CEO Richard Teng, the exec announced during Binance Blockchain Week.
Binance launched Binance Junior, a parent-controlled sub-account app for children and teens aged 6-17 to explore crypto savings. Existing Binance users with completed KYC and 2FA can create accounts, fund via Flexible Simple Earn products, no spot or futures trading permitted. Parents monitor transactions in real-time, receive alerts, set limits, and disable access anytime; teens …
Strategy, the largest corporate holder of Bitcoin, is now at the center of a growing risk in global equity markets. Chairman Michael Saylor confirmed to Reuters that the company is actively engaging with MSCI after the index provider proposed a rule that could remove firms holding more than 50% of their assets in digital assets …
Bybit teamed up with regulated custodian Komainu to roll out Komainu Connect integration. Big institutional traders can now hit Bybit’s markets 24/7, with assets locked safe in third-party custody, no pre-funding needed. Automated settlements cut risks, boost efficiency, and provide clear visibility into bankruptcy-proof wallets supporting major cryptos.
Macro strategist Alex Krüger is tying Bitcoin’s next macro chapter directly to the coming reshuffle at the Federal Reserve, warning that investors are underpricing how far US rates could fall under a Trump-aligned central bank. In a long X post titled “2026: The Year of the Fed’s Regime Change,” he argues that “the Federal Reserve as we know it ends in 2026” and that the most important driver of asset returns will be a new, much more dovish Fed led by Kevin Hassett. His base case is that this shift becomes a key driver for risk assets broadly and Bitcoin in particular in 2026, even if crypto markets are currently trading as if nothing fundamental has changed. Why The Federal Reserve Will Dramatically Change Krüger’s scenario is anchored in personnel. He notes that prediction platform Kalshi put the odds of Hassett becoming chair at 70% as of 2 December, and describes him as a supply-side loyalist who “champions a ‘growth-first’ philosophy, arguing that with the inflation war largely won, maintaining high real rates is an act of political obstinacy rather than economic prudence.” A few hours after Krüger’s thread, Trump himself added fuel, telling reporters at the White House that he would announce his Fed pick “early next year” and explicitly teasing National Economic Council Director Kevin Hassett as a possible choice, after saying the search had been narrowed down to one candidate. Related Reading: The December Bitcoin Roadmap: The Signals You Can’t Ignore To explain how this would translate into policy, Krüger reconstructs Hassett’s stance from his own 2024 comments. On 21 November, Hassett said “the only way to explain a Fed decision not to cut in December would be due to anti-Trump partisanship.” Earlier he argued, “If I’m at the FOMC, I’m more likely to move to cut rates, while Powell is less likely,” adding, “I agree with Trump that rates can be a lot lower.” Across the year he endorsed expected rate cuts as merely “a start,” called for the Fed to “keep cutting rates aggressively,” and supported “much lower rates,” leading Krüger to place him at 2 on a 1–10 dove–hawk scale, with 1 being the most dovish. Institutionally, Krüger maps a concrete path: Hassett would first be nominated as a Fed governor to replace Stephen Miran when his short term expires in January, then elevated to chair when Powell’s term ends in May 2026. Powell, he assumes, follows precedent by resigning his remaining Board seat after pre-announcing his departure, opening a slot for Kevin Warsh, whom Krüger treats not as a rival but as a like-minded ally who has been “campaigning” for a structural overhaul and arguing that an AI-driven productivity boom is inherently disinflationary. In that configuration, Hassett, Warsh, Christopher Waller and Michelle Bowman form a solidly dovish core, with six other officials seen as movable votes and only two clear hawks on the committee. The main institutional tail risk, in Krüger’s view, is that Powell does not resign his governor seat. He warns that this would be “extremely bearish,” because it would prevent Warsh’s appointment and leave Powell as a “shadow chair,” a rival focal point for FOMC loyalty outside Hassett’s inner circle. He also stresses that the Fed chair has no formal tie-breaking vote; repeated 7–5 splits on 50-basis-point cuts would look “institutionally corrosive,” while a 6–6 tie or a 4–8 vote against cuts “would be a catastrophe,” turning the publication of FOMC minutes into an even more potent market event. On rates, Krüger argues that both the official dot plot and market pricing understate how far policy could be pushed lower. The September median projection of 3.4% for December 2026 is, he says, “a mirage,” because it includes non-voting hawks; by re-labeling dots based on public statements, he estimates the true voters’ median closer to 3.1%. Substituting Hassett and Warsh for Powell and Miran, and using Miran and Waller as proxies for an aggressive-cuts stance, he finds a bimodal distribution with a dovish cluster around 2.6%, where he “anchors” the new leadership, while noting that Miran’s preferred “appropriate rate” of 2.0%–2.5% suggests an even lower bias. Related Reading: Bitcoin Blasts To $92,000, Liquidating $182 Million In Shorts As of 2 December, Krüger notes, futures price December 2026 fed funds at about 3.02%, implying roughly 40 basis points of additional downside if his path is realized. If Hassett’s supply-side view is right and AI-driven productivity pushes inflation below consensus forecasts, Krüger expects pressure for deeper cuts to avoid “passive tightening” as real rates rise. He frames the likely outcome as a “reflationary steepening”: front-end yields collapsing as aggressive easing is priced in, while the long end stays elevated on higher nominal growth and lingering inflation risk. What This Means For Bitcoin That mix, he argues, is explosive for risk assets like Bitcoin. Hassett “would crush the real discount rate,” fueling a multiple-expansion “melt-up” in growth equities, at the cost of a possible bond-market revolt if long yields spike in protest. A politically aligned Fed that explicitly prioritizes growth over inflation targeting is, in Krüger’s words, textbook bullish for hard assets such as gold, which he expects to outperform Treasuries as investors hedge the risk of a 1970s-style policy error. Bitcoin, in Krüger’s telling, should be the cleanest expression of this shift but is currently trapped in its own psychology. Since what he calls the “10/10 shock,” he says Bitcoin has developed “a brutal downside skew,” fading macro rallies and crashing on bad news amid “4-year cycle” top fears and an “identity crisis.” Even so, he concludes that the combination of a Hassett-led Fed and Trump’s deregulation agenda would “override the dominant self-fulfilling bearish psychology, in 2026” — a macro repricing he insists “markets aren’t ready” for yet. At press time, Bitcoin traded at $92,862 Featured image created with DALL.E, chart from TradingView.com
Cayman foundation registrations increase by 70% year-on-year as DAOs seek legal wrappers, with CARF rules set to arrive in 2026.
The Property (Digital Assets etc) Act received Royal Assent on Tuesday, the final step of an act becoming law after being passed by the U.K. Parliament.
What to Know: A more dovish, crypto-friendly Fed chair like Kevin Hassett could extend a multi‑year liquidity cycle, favoring Bitcoin and high‑beta altcoins. Position sizing, diversification, and risk management remain critical, even when macro conditions and narratives seem heavily tilted in crypto’s favor. Bitcoin Hyper’s SVM-powered Layer 2 aims to unlock low-latency smart contracts and DeFi around $BTC while preserving Bitcoin settlement security. PEPENODE and Dogwifhat provide meme and community-driven upside exposure if easier policy reignites speculative flows into Solana and broader alt markets. Speculation that Kevin Hassett could take over the Fed with a more dovish, pro-risk stance is exactly the kind of macro shift crypto loves. Trump has made repeated references to Hassett, so it wouldn’t come as a surprise. A chair who’s comfortable with deeper rate cuts and friendlier optics toward digital assets doesn’t just move markets for a quarter; it reshapes liquidity conditions for years. Cheaper money and clearer political cover for Bitcoin would likely mean a stronger bid for $BTC first, then a spillover into high-beta altcoins and infrastructure plays. If that happens, you want exposure to assets that benefit structurally from a multi‑year adoption wave. That’s where Bitcoin-focused scaling, speculative meme liquidity, and Solana ecosystem bets start to matter, making them the best crypto to buy. You’re not just guessing charts; you’re aligning with where capital, developers, and users could cluster if 2026–2028 turns into another extended risk cycle. Bitcoin Hyper ($HYPER), PEPENODE ($PEPENODE), and Dogwifhat ($WIF), although all different, are potentially geared to thrive if a Hassett-led Fed extends easy policy and pushes fresh capital back into crypto. 1. Bitcoin Hyper ($HYPER): Bitcoin Layer 2 Bringing Bitcoin Security With SVM Speed If looser Fed policy sends Bitcoin back into price discovery, the next big bottleneck won’t be demand for $BTC, it’ll be what you can do with it. Bitcoin Hyper ($HYPER) positions itself as a Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, aiming to turn dormant $BTC into fully programmable capital. Instead of trying to bolt slow EVM logic onto Bitcoin, $HYPER uses a modular design: Bitcoin L1 for settlement and a real-time SVM-powered L2 for execution. That architecture targets sub-second finality and low fees while anchoring state periodically to Bitcoin, giving builders Solana-style speed with Bitcoin-grade trust assumptions. The project leans on a single trusted sequencer, with periodic L1 state anchoring, and supports SPL-compatible tokens customized for its Layer 2. That opens the door to Solana-like DeFi, swaps, lending, and staking protocols but with wrapped $BTC as a first-class asset, plus Rust SDKs and APIs for gaming dApps and NFT platforms. From a capital-rotation lens, the numbers are already notable. The $HYPER presale has raised over $28.8M with tokens currently at $0.013365, showing a clear appetite from investors looking ahead of any macro pivot. Our experts see future potential as well, with an end-of-2026 price prediction hitting $0.08625. That’d see you with a potential ROI of over 545% if you invested at today’s price. If you get in early, you can also take advantage of dynamic staking rewards, currently sitting at 40%. Being a $HYPER holder, you also get rewards tied to community and governance participation. If you believe a Hassett-led Fed kickstarts a new liquidity cycle centered on Bitcoin, Bitcoin Hyper is a direct bet on scaling that demand. Join the $HYPER presale today. 2. PEPENODE ($PEPENODE): Mine-to-Earn Without the Overheads Every easy-money cycle has a meme phase, and if the Fed turns dovish again, you can expect speculative capital to chase narratives that blend culture, game mechanics, and upside. PEPENODE ($PEPENODE) leans into that with a mine‑to‑earn meme coin pitch, trying to gamify yield and engagement rather than just relying on vibes. Instead of just traditional staking, PEPENODE uses a Virtual Mining System and tiered node rewards to simulate mining economics in a meme wrapper. You effectively run virtual nodes through a gamified dashboard, competing for higher reward tiers and social status. This isn’t only fun, but it can help keep community participation high during volatile markets. Learn how to buy PEPENODE. The $PEPENODE presale has already gained traction, having raised over $2.2M with tokens currently priced at $0.0011778. This puts it firmly in low-cap, high-optional-value territory if meme risk-on returns. And with staking rewards as high as 576% there’s even more incentive to opt-in. That blend of narrative and gameified mechanics gives it a different profile from pure hype coins that rely solely on social media. As a bonus, you can even earn rewards in other popular coins like $PEPE and $FARTCOIN. If dovish policy stokes another wave of speculative flows, $PEPENODE is a way to express that trade in a structured, mine‑to‑earn format rather than a raw punt. Don’t miss the mine and get your $PEPENODE today. 3. Dogwifhat ($WIF): Solana Meme Beta for a Liquidity Wave Any discussion of meme beta in this cycle has to include Dogwifhat ($WIF), the Solana-based meme coin that’s become a proxy for retail risk appetite. Built on Solana, $WIF benefits from low fees and high throughput, helping speculative traders rotate in and out quickly without the friction you see on slower chains. Recent market action underlines that reflexivity. $WIF rallied over 20% in a single seven‑day stretch, reclaiming momentum among Solana meme coins. It currently sits around rank #109 by market cap, with strong trading activity and recurring bursts of retail attention. Beyond price, $WIF has a sticky community that treats it as a cultural asset, not just a ticker. In a macro regime where the Fed signals friendlier policy, that kind of community‑driven liquidity can compound quickly as traders hunt for leverage to a Solana-led alt season. If you expect a Hasset Fed to extend the runway for high‑beta risk, Dogwifhat ($WIF) is a straightforward way to capture Solana meme exposure without betting on unproven microcaps. It sits at the intersection of chain narrative, cheap blockspace, and viral culture. Buy $WIF on top exchanges like Binance. Recap: If Kevin Hassett ushers in a looser Fed, Bitcoin Hyper, PEPENODE, and Dogwifhat each offer distinct ways to ride that liquidity wave. Remember, this isn’t intended as financial advice, and you should always do your own research before investing. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/best-crypto-to-buy-kevin-hassett-becomes-fed-chair-and-looser-poilcy-fuels-btc/
A new analysis from author and market commentator Shanaka Anslem Perera is catching attention from the crypto community. Perera argues that between November 24 and December 2, 2025, the world’s biggest financial institutions executed a set of moves that effectively pulled Bitcoin into the center of traditional finance. “In 216 hours, they captured Bitcoin.” Four …
Further and 3iQ have launched a $100 million market-neutral crypto hedge fund for institutions, including a Bitcoin share class that reinvests gains in BTC.
Bitcoin’s latest bull cycle produced a very different market structure, defined by larger institutional participation, lower volatility and deeper liquidity.
Ark Invest bought another 28,315 Coinbase shares on Tuesday, worth around $7.5 million, as it continued to rebalance its fund weightings.
Dogecoin Price today jumped 8% as new institutional money flowed into the market, marking one of its strongest moves in weeks. Trading volume surged to $1.37 billion, well above normal levels, showing renewed interest from larger investors. DOGE price also broke through key resistance levels with momentum indicators supporting the rise. This rally comes as …
A removal could lead to outflows of up to $8.8 billion if other index providers follow suit because the stock is part of many passive investment products.
The broader Solana memecoin economy is currently facing a liquidity crisis and collapsing volumes, but one asset has successfully decoupled from the sector-wide decline. According to CryptoSlate data, PIPPIN, a token born from an AI experiment in early 2024, has emerged as one of the best-performing crypto tokens in the last 30 days, surging 556% to […]
The post 50 secret wallets fueled PIPPIN’s 556% rally — and $3B in derivatives volume may explain why appeared first on CryptoSlate.
Bitcoin jumped back above key levels on Wednesday, with prices climbing past $93,000 after dipping to $84,400 earlier this month. Related Reading: Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer The move followed a sharp sell-off that removed about $8,000 from the price late over the weekend, and traders pushed the coin to a 24-hour peak of $93,910 on Coingecko. Bitcoin Climbs Above Key Levels According to MN Fund founder Michaël van de Poppe, regaining ground above $93,000 is important for momentum. He said that if the price holds and breaks higher, a run toward $100,000 becomes more likely. Other analysts echoed the call: Nick Ruck of LVRG Research pointed to macro factors and fresh ETF flows as drivers that could help Bitcoin test six figures in the coming months. This is what you’d want to see. $BTC coming back up again, after a weird move down on the 1st of this month. Now, again, breaking the $92K area is crucial. If that breaks, then I’m sure we’ll start to see a new all-time high and a test at $100K. A great day on the markets. pic.twitter.com/uy6WPabnQ8 — Michaël van de Poppe (@CryptoMichNL) December 2, 2025 ETF Activity And Market Moves Reports have disclosed that ETF-related trading helped lift the market. BlackRock’s IBIT recorded over $1.8 billion in volume within two hours after Vanguard reversed a previous stance, and total spot Bitcoin ETF volume topped $5.1 billion on the day. Market stats showed the broader crypto capitalization rose close to 7% to $3.13 trillion, with BTC dominance climbing to nearly 60%. Bitcoin itself jumped by about 8% after the US market opened, giving larger markets a clear lift. Support Zone Holds Focus Analysts had been watching the $86,000 to $88,000 band as a critical area of support. Based on reports from active market watchers, that range had been tested dozens of times in recent months and holding above it signaled reduced selling pressure. One analyst argued that a break below would likely lead some big players to change tack, moving from buying to selling behavior. Liquidations And Net Inflows Changed The Day Other market observers reported heavy turnover in derivatives and spot markets: over $360 billion in short positions were liquidated, while more than $160 billion was reportedly added back into crypto markets within a 24-hour span. Those figures, if accurate, helped explain the speed of the rebound and the large single-day gains. Related Reading: XRP Is About To Hit A Major Turning Point This Week, Analyst Says What Comes Next For Prices Short-term traders will watch how Bitcoin behaves around $92,000 and whether it can hold above the $86,000–$88,000 floor. Some commentators warned that sudden ETF-driven demand can cause sharp spikes that may not last. Others pointed to possible policy shifts, such as renewed talk of US interest-rate cuts, as reasons why money might flow into major crypto assets in the months ahead. For now, prices sit a little above $92,700 at the time of writing. The market is clearly volatile. Investors and traders will likely need to balance the bullish signs against the risk that a fresh round of selling could wipe gains quickly. Featured image from Gemini, chart from TradingView
Babylon is also planning to introduce Bitcoin-backed DeFi insurance, letting BTC holders earn yield while underwriting risk against hacks and exploits.
Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
"Code is Law" co-director James Craig and Wildcat Finance co-founder Lawrence Day discuss their experiences with, and the consequences of, major DeFi hacks.
Bitcoin traders are facing the most pressure of this cycle in terms of unrealized losses, but analysts argue that ETFs only accounted for a maximum of 3% the recent selling pressure.
The ESPORTS token from Yooldo Games is under heavy selling pressure, falling over 10% in the last 24 hours, now trading near $0.40. This drop came write after token price jump 92% in a month. The sudden drop has left many traders questioning what triggered this decline, and where the ESPORTS price could head next. …
Local industry body CryptoUK said this gives crypto a "clearer legal footing" in related crimes or litigation.
Bitcoin Bollinger BandWidth plumbed new record lows after printing a classic “green” signal in November that previously saw a 40% BTC price upside.
Regulators have not decided whether the token will be tied to the Taiwan dollar or the U.S. dollar, a choice that will determine how deeply it tests the island’s currency controls.
Ethereum fell more than 2% within 24 hours, sliding below $3,000 after losing its $2,900 support level. The drop triggered widespread liquidations, with around $500 million in long positions wiped out. Data shows that $79 million of the $106 million in ETH-focused contracts liquidated were long bets. Related Reading: Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See How Trading activity spiked sharply during the decline, with daily volume rising 200% to $33.2 billion. The broader crypto market also contracted, falling nearly 1.2% and erasing an estimated $1100 billion in value within hours. Bitcoin, SOL, XRP, and DOGE followed similar downward moves. Despite the volatility, some firms accumulated ETH during the downturn. BitMine Immersion Technologies increased its holdings by 96,798 ETH, diverging from the trend of companies reducing risk exposure. ETH's price gains some momentum on the daily chart. Source: ETHUSD on Tradingview Fusaka Upgrade Goes Live, Aiming to Boost Scalability On December 3, Ethereum is set to activate its Fusaka upgrade, the network’s second major 2025 update. The upgrade aligns execution- and consensus-layer changes, introducing features that aim to improve Layer 2 and reduce costs. A key component is PeerDAS, a data-sampling mechanism designed to reduce the bandwidth validators need to verify Layer 2 data. This system aims to cut validator bandwidth requirements by up to 85% and expand blob data capacity, potentially lowering Layer 2 transaction fees by 40–60%. Fusaka also raises Ethereum’s block gas limit to 60 million, enabling more transactions per block, and introduces updates to the Ethereum Virtual Machine that streamline smart contract execution. These combined changes are expected to enhance the network’s transaction capacity. Industry interest had been rising ahead of the upgrade. Major financial players, including Amundi and Fidelity, recently announced moves into tokenized products built on Ethereum, reflecting broader institutional activity across the network. Can Ethereum (ETH) Recover From Oversold Levels? Ethereum (ETH) last traded at around $2,807, with technical indicators indicating continued bearish momentum. The MACD remains in negative territory, while the Relative Strength Index sits at 32, signaling oversold conditions. Key support levels are at $2,700 and $2,500. A failure to hold these zones may deepen the downtrend, while a rebound could push ETH back toward $2,900–$3,000. Open Interest rose 4.3% after the decline, suggesting traders are reopening positions and preparing for higher volatility. Related Reading: You Won’t Believe How Much Bitcoin Companies Now Hold, What % Of Supply Do They Control? Whether the Fusaka upgrade can shift market sentiment remains uncertain, but its long-term scaling impact may play a role in Ethereum’s broader recovery. Cover image from ChatGPT, ETHUSD chart from Tradingview