Ethereum Fusaka Upgrade Goes Live Today: Experts Predict Potential Supply Crunch Ahead

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.

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.

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.

Ethereum has experienced a notable decline in monthly on-chain transactions, reflecting a slowdown in network activity amid a volatile market environment. The price of Ethereum has dropped significantly, contributing to this decrease in transactions and indicating a period of fatigue for the network.

Bitmine has made a significant move by purchasing an additional 18,345 Ethereum, valued at approximately $54.94 million, as part of its ongoing accumulation strategy. This acquisition comes as Ethereum's price has reclaimed the $3,000 level, following a positive market reaction to improved macroeconomic conditions and the Federal Reserve's end of Quantitative Tightening.

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.