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Weekly Recap: Ethereum Rolls Out Fusaka Upgrade

Happy weekend Defiers!

Crypto markets rebounded this week, with BTC briefly trading above $94,000 on Wednesday. ETH and SOL are trading at around $3,050 and $133, respectively.

Ethereum launched its Fusaka upgrade on mainnet, focused on scalability without compromising decentralization.

Prediction market fever continues, with Polymarket and Kalshi processing record volumes in November.

Meanwhile, HumidiFi plans to launch a new token after its presale was taken over by bots.

Finally, Yearn’s yETH token was exploited for $9 million.

Enjoy!

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Top stories this week

Ethereum Launches Fusaka Upgrade to Make Network More Scalable

Fusaka centers on EIP-7594: PeerDAS (Peer Data Availability Sampling), a system that enables Ethereum nodes to verify that block data is complete without downloading everything.

ETH is up around 2% over the past week.

Crypto Rebound Accelerates After Vanguard Allows Crypto ETF Trading

Vanguard, which manages over $11 trillion in assets for more than 50 million clients, had long avoided crypto, saying it was too risky for long-term portfolios. But with crypto ETFs growing in popularity this past year, the firm has reversed course and given investors access.

Kalshi, Polymarket Set New Volume Records in November

Kalshi’s spot volume hit $5.8 billion in November, up more than 30% from October’s $4.4 billion. Polymarket also hit a new high of $4.3 billion in November for nearly 5% month-over-month growth.

Meanwhile, MetaMask has integrated Polymarket amid the prediction market frenzy.

HumidiFi to Launch New Token After Snipers Raid Presale

Solana-based HumidiFi is abandoning its initial token sale and launching a new token after a bot farm sniped the entire presale supply in seconds.

Yearn Finance Suffers $9 Million Exploit

Yearn Finance, the veteran yield-aggregation protocol, has suffered an attack that drained millions from yETH, a token that bundles several types of staked Ethereum into a single asset.

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