Crypto Market News Today, December 4: Ethereum Not Stopping After Fusaka, US-China Trade Truce, Charles Schwab to Launch Crypto

Exclusive data from EigenPhi indicates that sandwich attacks on Ethereum, a type of miner extractable value (MEV) attack, have decreased in frequency. Despite this decline, these attacks continue to impact hundreds of traders monthly, leading to significant financial losses in the Ethereum ecosystem.

Lighter has launched spot trading with ETH as its first depositable asset on its Ethereum layer 2 exchange, marking a significant expansion beyond perpetual futures. This move allows users to deposit and transfer ETH on the platform, enhancing its trading capabilities.

Ethereum's Fusaka upgrade has officially gone live on the mainnet, marking a pivotal change in the network's data handling and scaling capabilities. Activated at epoch 411392, this upgrade aims to enhance transaction processing while maintaining security and decentralization.

Bitcoin has successfully reclaimed the $93,000 mark, continuing its relief rally that began earlier in the week. This recovery follows a sharp selloff in the cryptocurrency market, where Bitcoin had previously dipped below $90,000. Analysts express cautious optimism, noting that this uptick may indicate a shift in market sentiment after a prolonged bearish phase.

Charles Schwab has announced plans to expand its cryptocurrency trading services in the first half of 2026, a move that aligns with the recent positive trends in the crypto market, including the Ethereum Fusaka upgrade and a US-China trade truce. This expansion is expected to enhance the company's offerings in the growing digital asset space.

XRP exchange-traded funds (ETFs) have seen a significant increase in holdings, reaching $915 million following new purchases, indicating a growing institutional interest in diversifying cryptocurrency investments beyond Bitcoin and Ethereum.

XRP has experienced a significant reset in open interest over the past two months, coinciding with market sell-offs. Historical data indicates that this reset could provide a crucial opportunity for bulls to regain control and push XRP prices toward the $3 mark as recovery begins.

Ethereum has successfully rolled out the Fusaka upgrade, which aims to enhance transaction processing capabilities while maintaining security and decentralization. This upgrade is a significant step in Ethereum's ongoing development, reflecting the network's commitment to improving user experience and operational efficiency.