Ethereum Activates Fusaka Upgrade, Aiming to Cut Node Costs, Speed Layer-2 Settlements

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.

The Fusaka upgrade for Ethereum has gone live, introducing the PeerDAS feature, which significantly reduces transaction fees and enhances data capacity, aiming to provide a more instantaneous user experience on the network. This upgrade is a pivotal step in Ethereum's ongoing evolution towards improved efficiency and scalability.

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.

Tron has reached a significant milestone with its stablecoin market cap surpassing $80.2 billion following Tether's minting of 1 billion USDT on the Tron network. This achievement highlights Tron's resilience, as it has limited its losses to 24% during recent market downturns, outperforming many major altcoins.

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.

The Ethereum Fusaka Upgrade has officially gone live, introducing significant enhancements to the network's functionality, including improved scalability and efficiency through the integration of Layer 2 solutions. Analysts predict that this upgrade could lead to a supply crunch for ETH, potentially increasing its price amidst a challenging cryptocurrency market.