Bhutan allocates $970K in Ethereum for staking

Bitcoin has recently experienced a shift in market sentiment, with sell dominance pausing as taker flow turns neutral. This change may lead to price stabilization, potentially attracting cautious investors and reducing volatility in the cryptocurrency market.

CalPERS, the largest pension fund in the U.S., has reported a significant loss as its investment in Strategy has dropped from $144 million to $80 million, highlighting the inherent volatility and risks associated with cryptocurrency-linked investments.

California's pension fund, CalPERS, has invested $80 million in Strategy shares, providing it with indirect exposure to Bitcoin. This investment reflects a growing trend among institutional investors to explore cryptocurrency as a viable asset class, signaling a shift in traditional asset management practices.

Ethereum is currently retesting key resistance levels after a notable correction, with analysts anticipating the upcoming Fusaka upgrade on December 3 as a potential catalyst for a rally. This follows a challenging November where Ethereum faced a 26% decline amidst broader market pressures.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.

A dormant Bitcoin whale has sold a significant amount of Bitcoin after nearly three years, realizing a profit of $12.5 million. This sale underscores the potential for substantial gains from long-term Bitcoin holding, which can influence market dynamics and investor strategies.

Ethereum has raised its block gas limit to 60 million as the network prepares for the upcoming Fusaka upgrade, which is anticipated to enhance its capacity and efficiency. Co-founder Vitalik Buterin expressed optimism about continued growth, emphasizing the need for smarter adjustments to avoid new bottlenecks.

Ethereum (ETH) is attempting to recover from a recent market correction, with analysts suggesting a potential end-of-year rally that could see prices jump by 50% in December. The cryptocurrency is currently retesting the $3,000 mark after experiencing a 4.4% daily surge, although it has faced resistance in reclaiming this level.