Bitmine Resumes Ethereum Accumulation: 14,618 ETH Bought in Latest Move

The flow of capital into spot Bitcoin and Ethereum ETFs has shown signs of recovery, marking the first week of net-positive inflows since October, following a prolonged period of outflows. This shift indicates a potential stabilization in institutional demand for these cryptocurrencies after a challenging month.

Ethereum developers are preparing for the Fusaka upgrade, the second significant upgrade of 2025, scheduled for December 3. This upgrade aims to enhance the network's capacity and efficiency, following the previous Pectra upgrade. The anticipation surrounding Fusaka is heightened by recent adjustments, including an increase in the block gas limit to 60 million.

Coinbase has initiated a pilot program for a cryptocurrency-based basic income in New York, partnering with Givedirectly to distribute USDC to eligible participants. This initiative aims to explore the potential of digital currencies in providing financial support to underserved communities.

Ethereum's price has recently stabilized around $3,000 after a significant rebound in the broader cryptocurrency market, gaining 7.22% following a prolonged correction that saw its value drop from $4,700 to as low as $2,900. This recovery coincides with a notable decrease in open interest in Ethereum futures, which fell from $21 billion to approximately $17 billion in late November.

Ethereum's price has recently declined significantly, trading at around $3,000, which marks a nearly 40% drop from its peak this year. This downturn aligns with a broader crypto market crash, raising concerns about the stability of Ethereum as it approaches the Fusaka upgrade scheduled for December 3.

Apple Pay has integrated with leading cryptocurrency platforms, making the process of buying Bitcoin and other cryptocurrencies significantly easier and more intuitive for users. This integration marks a pivotal shift in the accessibility of digital currencies, streamlining what was previously seen as a complex acquisition process.

Turkmenistan has announced plans to legally accommodate cryptocurrency operations starting January 1, 2026, marking a significant shift in its regulatory approach to digital assets. This decision aligns the country with a growing trend among nations to regulate rather than ban cryptocurrencies.

Ethereum ETFs experienced significant outflows totaling $1.4 billion in November, reflecting a retreat by investors amid increasing caution and volatility in the cryptocurrency markets. This trend indicates a growing wariness among investors regarding the stability of Ethereum as a viable investment option.