Ethereum Developers Prep for Fusaka, Second Upgrade of 2025

The flow of capital into spot Bitcoin and Ethereum ETFs has shown signs of recovery, marking the first week of net-positive inflows since October, following a prolonged period of outflows. This shift indicates a potential stabilization in institutional demand for these cryptocurrencies after a challenging month.

S&P Global Ratings has downgraded Tether's USDT stablecoin to its lowest stability rating, citing concerns over its increasing exposure to Bitcoin and governance issues. This downgrade has sparked a significant online backlash, with Tether asserting its financial strength and criticizing the rating methodology used by S&P.

Architect Partners has asserted that the Bitcoin digital asset treasury model is not broken, countering prevailing concerns about the sustainability of Bitcoin investments amid market volatility. This statement comes as Bitcoin's price fluctuates significantly, recently rebounding toward $92,000 after a notable sell-off.

Ethereum's price has recently stabilized around $3,000 after a significant rebound in the broader cryptocurrency market, gaining 7.22% following a prolonged correction that saw its value drop from $4,700 to as low as $2,900. This recovery coincides with a notable decrease in open interest in Ethereum futures, which fell from $21 billion to approximately $17 billion in late November.

Ethereum's price has recently declined significantly, trading at around $3,000, which marks a nearly 40% drop from its peak this year. This downturn aligns with a broader crypto market crash, raising concerns about the stability of Ethereum as it approaches the Fusaka upgrade scheduled for December 3.

Ethereum ETFs experienced significant outflows totaling $1.4 billion in November, reflecting a retreat by investors amid increasing caution and volatility in the cryptocurrency markets. This trend indicates a growing wariness among investors regarding the stability of Ethereum as a viable investment option.

Bitcoin, Ethereum, and XRP are experiencing a price recovery, with the United States identified as a significant source of market support. Recent trading data indicates that buying and selling pressures are unevenly distributed, reflecting a shift in trader behavior amidst fluctuating prices.

BlackRock's US-listed spot bitcoin ETF, IBIT, launched in January 2024, has rapidly amassed $70 billion in assets and generated substantial fees, becoming the firm's primary revenue source. This remarkable growth highlights the increasing interest in cryptocurrency investments among institutional investors.