Ethereum ICO participant sells 23,000 ETH in one week amid renewed activity

Canary Capital has launched the HBAR ETF on Vanguard's platform, allowing investors to access Hedera's cryptocurrency through their brokerage accounts. This move marks a significant step in making cryptocurrency investments more accessible to a broader audience.

Kraken has announced its acquisition of Backed Finance, a strategic move aimed at enhancing its tokenization strategy and potentially accelerating the integration of traditional finance with blockchain technology. This acquisition is expected to bolster institutional adoption of cryptocurrencies.

BlackRock has transferred 1,633 Bitcoin to Coinbase Prime, underscoring the evolving landscape of institutional cryptocurrency management amid a competitive environment for exchange-traded funds (ETFs). This transfer reflects BlackRock's ongoing engagement with digital assets as part of its investment strategy.

Ethereum's upcoming Fusaka upgrade is set to enhance the network's scalability and efficiency, moving away from traditional hard forks to more strategic, targeted changes. This upgrade is scheduled for implementation on December 3, 2025, and is expected to significantly improve the blockchain's capacity to handle increased transaction throughput from layer-2 solutions.

Kalshi has successfully raised $1 billion in its latest funding round, resulting in a valuation of $11 billion. This significant financial boost positions Kalshi as a leading player in the prediction market sector, regulated by the Commodities Futures Trading Commission.

The US Securities and Exchange Commission (SEC) is set to introduce an innovation exemption for cryptocurrency firms in January, a move that could significantly boost the adoption of crypto technologies in the United States. This exemption aims to streamline regulatory processes for innovative blockchain projects, potentially positioning the US as a leader in the global crypto landscape.

Bank of America has recommended that investors allocate up to 4% of their wealth portfolios to cryptocurrencies, indicating a significant shift towards institutional acceptance of digital assets. This recommendation reflects a growing recognition of cryptocurrencies as a viable investment option within traditional wealth management strategies.

Strategy has reduced its 2025 Bitcoin yield targets and built a $1.44 billion cash reserve, highlighting the volatility associated with corporate Bitcoin exposure. This pivot reflects a strategic shift towards direct investments in the Bitcoin ecosystem, particularly in Layer-2 infrastructure like Bitcoin Hyper, which offers enhanced transaction capabilities.