Filecoin Gains 2% Alongside Crypto Rally

Ethereum has activated the Fusaka upgrade, introducing PeerDAS, a system that allows validators to check smaller data slices instead of entire blobs, which aims to reduce costs and computational load for both validators and layer-2 networks.

Fanatics, a leading sports clothing and collectibles company, has launched Fanatics Markets, an app that allows users to trade on the outcomes of various events, including sports and politics, now available in ten states. The company plans to expand its offerings to include cryptocurrency and IPO bets by 2026.

Bitcoin's price is currently hovering around $90,000, which aligns closely with production costs, indicating a tightening bull/bear line. This situation arises as Bitcoin's network valuation models suggest that the cryptocurrency is near its fair value, reflecting a critical juncture in its market dynamics.

Solana Mobile has announced the upcoming launch of the SKR Token in January, with a total supply of 10 billion tokens. The distribution plan allocates 30% for airdrops, 25% for growth initiatives, and 10% for liquidity and launch support, aiming to bolster the Solana ecosystem.

Polymarket has officially launched its mobile app for sports and proposition markets in the United States, following the approval from the Commodity Futures Trading Commission (CFTC). This marks a significant return for the platform under federal oversight, allowing it to operate legally within the U.S. market.

Ethereum's Fusaka upgrade has been activated, enhancing the network's throughput and efficiency by introducing PeerDAS, which allows validators to process smaller data slices. This upgrade is seen as a significant advancement in Ethereum's capabilities as an on-chain finance settlement layer.

Ethereum is preparing for its upcoming Fusaka upgrade, set to launch on December 3, 2025, which aims to enhance the network's scalability, security, and user experience. This upgrade follows a challenging period for Ethereum, marked by a significant price drop below the $2,900 support level, currently trading around $2,803.

The Senate is progressing with a mass-confirmation process that includes nominations for key positions at the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC), both of which have significant implications for the cryptocurrency sector. This development indicates a potential shift in regulatory oversight as these agencies prepare to take on new leadership under former President Trump's nominees.