The Incrypted editorial team has prepared a fresh weekly digest of key events in the Web3 and AI sphere. In it we will tell you about the launch of the BNB Chain blockchain prediction market, vetoing of the crypto market bill in Poland, problems of crypto-treasury companies, $1.1 billion in illegal mining, Fusaka update on […] Сообщение Weekly: Ethereum Fusaka Update, BNB Chain Prediction Market and Strategy Problems появились сначала на INCRYPTED.The Incrypted editorial team has prepared a fresh weekly digest of key events in the Web3 and AI sphere. In it we will tell you about the launch of the BNB Chain blockchain prediction market, vetoing of the crypto market bill in Poland, problems of crypto-treasury companies, $1.1 billion in illegal mining, Fusaka update on […] Сообщение Weekly: Ethereum Fusaka Update, BNB Chain Prediction Market and Strategy Problems появились сначала на INCRYPTED.

Weekly: Ethereum Fusaka Update, BNB Chain Prediction Market and Strategy Problems

2025/12/07 20:41

The Incrypted editorial team has prepared a fresh weekly digest of key events in the Web3 and AI sphere. In it we will tell you about the launch of the BNB Chain blockchain prediction market, vetoing of the crypto market bill in Poland, problems of crypto-treasury companies, $1.1 billion in illegal mining, Fusaka update on the Ethereum network and much more.

Bitcoin

  • How did the asset’s rate change?

November 2025, the cryptocurrency closed with a drop of almost 18%. This is only the fifth time in history when the mentioned month turns out to be negative in terms of price movement. At certain moments, the rate fell below $81,000, continuing the downward movement that began back in October.

On December 3, the asset rose above $93,000, but in the following days could not hold at this level and closer to the weekend again fell below $90,000. At the time of writing, the cryptocurrency is trading around $89,400, according to TradingView.

Hourly chart of BTC/USDT on the Binance exchange. Data: TradingView.
Bitcoin BTC
Price:
$89,282
-0.37%
24h Volume:
$7.3b
  • QCP Capital called negative news from Asia the reason for bitcoin’s fall

The analytical company QCP Capital believes that the fall of the first cryptocurrency was influenced by several negative signals from Asian markets. According to their data, the key factors were macro statistics and statements of officials. In particular, the head of the Bank of Japan Kazuo Ueda hinted at a possible increase in interest rates. This led traders to lay 76% probability of its rise as early as December 19, which hit the sentiment of risk assets, the statement said.

  • Bloomberg expert predicted bitcoin price correction to $50,000

Bloomberg Intelligence senior commodities strategist Mike McGlone said that bitcoin could fall in price to $50,000. According to the expert, the cryptocurrency turned out to be “overvalued” relative to gold — the ratio of BTC/XAU as of December 1 was more than 20x, while a fair assessment is a level of about 13x.

The analyst connects the situation with the unstable dynamics of the stock market. In particular, he pointed out that the 120-day volatility of the S&P 500 index is declining to its lowest level since 2017.

  • CZ and Peter Schiff held a debate on the future of money: bitcoin vs. gold

During Binance Blockchain Week 2025 in Dubai, one of the most anticipated discussions of the event took place — a debate between Binance and Giggle Academy founder Changpeng Zhao (CZ) and economist and founder of Euro Pacific Asset Management and Schiff Gold Peter Schiff. The central issue was the dilemma currently being debated by investors and financial institutions around the world: what is the future of “stable money” — bitcoin or tokenized gold?

  • Strategy has built up a $1.4 billion dividend reserve and is preparing for a bear market

Strategy has built up a $1.44 billion reserve to provide for dividend payments and interest on debt. CryptoQuant analysts believe that the accumulation of the fiat reserve indicates a change in the company’s strategy — it is now preparing for a potentially prolonged market decline or consolidation. Analysts noted that Strategy’s reduced demand for bitcoin could weaken one of the key drivers of bull cycles.

  • Spot bitcoin-ETFs shed $3.48 billion over the month

Investors withdrew more than $3.48 billion from spot bitcoin-ETFs in November 2025, the second largest monthly outflow since the launch of such products, SoSoValue data shows. During the first three weeks of November, bitcoin funds saw outflows of more than $1 billion. Only the last week of the month saw minimal inflows of about $70 million.

Ethereum

  • Pricing

Ethereum sagged by almost 19% last month, showing negative dynamics for the third time in a row. Historically, the asset has more often demonstrated positive dynamics in November. That said, in early December, the market attempted to revitalize and Ethereum climbed above $3,000, reaching $3240.

At this point, many large altcoins grew even faster than bitcoin — for example, Solana added more than 11%. However, this asset class also faced a correction later on. At the time of the digest, Ethereum is trading at $3034, according to TradingView. The weekly gain is 1.6%.

Hourly chart of ETH/USDT on the Binance exchange. Data: TradingView.
Ethereum ETH
Price:
$3,042.16
0.21%
24h Volume:
$3.8b
  • Spot Ethereum-ETFs recorded the largest monthly outflow in history at over $1.4 billion

In November 2025, more than $1.42 billion was withdrawn from spot Ethereum-ETFs, the worst monthly outflow in the instruments’ history. The biggest losses occurred in the first three weeks: $507 million, $728 million and $500 million respectively. At the end of the month, the situation improved — during November 24-28, the funds raised more than $312 million.

  • Ethereum team activated Fusaka update in mainnet

Ethereum developers launched the Fusaka update on the mainnet as planned, confirming the launch of a key scaling element — PeerDAS. The latter increases data throughput for rolap by a factor of eight. The update also contains improvements to the user experience through the use of the R1 curve and the pre-confirmation mechanism, as well as preparations for future gas cap increases and L1 optimization.

  • Traders made the biggest bet on Ethereum at $6500

Demand for a high strike price on Ethereum options has surged, with the most popular contract on Deribit being the $6500 call option, which has a nominal open interest of over $380 million. This is the highest value among all the coin’s options on the exchange. Other popular contracts include call options with strike prices of $4000, $5500 and $6000.

  • The head of BitMine spoke about the prospects of Ethereum and tokenization

BitMine chairman and Fundstrat co-founder Tom Lee said at the Binance Blockchain Week 2025 conference in Dubai that the Ethereum ecosystem is still waiting to blossom, including thanks to tokenization. This is reported by members of the Incrypted team who are attending the event.

According to Lee, Ethereum is experiencing its “1971 moment.” We’re talking about the “Nixon Shock.” In 1971, the dollar exchange rate lost its peg to gold at the hand of then U.S. President Richard Nixon.

  • Ethereum researcher unveils “Secret Santa” ZK protocol with full participant privacy

Artem Chistyakov, Head of Solidity at Distributed Lab and author of the Circom Witchcraft project, presented a new cryptographic protocol ZK Secret Santa (ZKSS), which allows to run the game “Secret Santa” on Ethereum with full privacy and correctness of the process.

ZK Secret Santa consists of three steps and uses zero-disclosure proofs (ZKP) to provide anonymity to participants and ensure that no one can choose themselves as the recipient of a gift. The protocol eliminates the need for a centralized administrator and preserves the derangement of permutations (where no participant receives themselves).

Project News

  • CZ announced the launch of Predict.fun prediction marketplace on BNB Chain

Changpeng Zhao (CZ), founder of Binance cryptocurrency exchange Changpeng Zhao, announced the launch of the Predict.fun prediction marketplace on the BNB Chain blockchain. CZ said the service was developed by a former Binance employee, and the investor was venture capital firm Yzi Labs (formerly Binance Labs). Predict.fun allows you to make predictions on events and simultaneously profit from blocked assets for as long as the bet remains open, Zhao noted.

  • MetaMask has launched prediction markets in partnership with Polymarket

Cryptocurrency wallet MetaMask has announced the launch of prediction markets integrated directly into its mobile app. The new service, created in partnership with Polymarket, allows users to “trade the future” by betting on the outcome of real-world events, from sports and politics to cryptocurrency rates.

In addition, MetaMask introduced Transaction Shield, a subscription that protects up to $10,000 per month on transactions marked as safe by the system. Transactions on popular networks including Ethereum, Arbitrum, Optimism and Polygon are supported.

  • Binance has appointed co-founder Yi He as co-CEO alongside Richard Teng

Cryptocurrency exchange Binance has announced a new staff reshuffle: co-founder and longtime executive Yi He has become co-CEO. This was reported by representatives of the platform to Incrypted. She will share the position with Richard Teng, who took over Binance in mid-2023 after Changpeng Zhao resigned amid a criminal investigation in the United States.

  • Pavel Durov announced the launch of Cocoon, a decentralized AI network based on TON

The decentralized artificial intelligence network Cocoon, built on The Open Network (TON) blockchain, has officially launched and is processing user requests. This was announced by Telegram co-founder Pavel Durov. The platform works as a distributed computing network. It allows GPU owners to lease capacity in exchange for payments in Toncoin token (TON).

  • Solana Mobile will launch the SKR token in January 2026

Solana Mobile, a division of Solana Labs, announced the launch of the SKR token in January 2026. The total offering will be SKR 10 billion, with a 30% stake reserved for airdrop. SKR is positioned as a native token of the Solana Mobile ecosystem. It will be used for rewards, staking and management decisions.

  • Binance has launched accounts for minors

Cryptocurrency exchange Binance has introduced a new Junior feature — accounts for children that work as sub-accounts for parents. According to the exchange team, the product focuses on financial education and controlled access to digital assets for minors. Kids can earn cryptocurrencies through Junior Flexible Simple Earn if the feature is available in the region.

  • Trust Wallet has launched a prediction marketplace

The team at cryptocurrency wallet Trust Wallet has announced the launch of a prediction marketplace. Users can bet on the results of real-world events directly through the wallet — without the need for separate apps or platforms. The tool has been made available under the Predictions tab. It allows users to browse events, select results, track prices and market sentiment, and receive final results.

Politics and Regulation

  • Polish president vetoes crypto market bill due to ‘threat to citizens’ freedoms’

Polish President Karol Nawrocki vetoed a bill to regulate crypto assets, citing risks to civil liberties, business and market stability. The decision sparked a sharp political conflict between opponents of the document and its supporters.

Parliamentarians subsequently attempted to override the presidential veto, but were unable to do so. They needed to gather at least three-fifths of the deputies’ votes, but such support could not be achieved. According to media reports, Prime Minister Donald Tusk called for the adoption of the document, emphasizing that it was critical for national security. The law was supposed to implement European standards, in particular the provisions of the MiCA regulation.

  • A new law recognizing cryptocurrencies as property has come into force in the UK

The UK has published Property (Digital Assets etc) Act 2025, which officially recognized cryptoassets as property, introducing a third category of property — digital assets, including cryptocurrencies and NFTs. The document clearly states that such assets can be subject to personal property rights. This allows British courts to operate a clear legal status of crypto-assets, which was previously determined only in individual cases.

  • Trump will name the next Fed chief in early 2026

US President Donald Trump said he will name the next chairman of the Federal Reserve (Fed) in early 2026. Trump touched upon the topic during a meeting at the White House. First of all, he emphasized the government’s efforts to stabilize inflation. Also, Trump pointed to the reduction of prices. This applies primarily to energy and food products. There are positive developments in the mortgage lending market.

  • A congressman expressed concern about the implementation of the law on stablecoins in the U.S

Congressman Brian Steil expressed concern about the implementation of the law on stablcoins (GENIUS), urging to respect the deadlines. He voiced his concerns during a hearing that focused on the progress of simplification of financial rules and requirements of a number of regulators. They are the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (NCUA).

The FDIC chairman has already said he will prepare a framework for GENIUS implementation by the end of 2025. NCUA head Kyle Hauptman also confirmed work on new regulations, but did not specify the timeline. The main focus is on creating clear standards for steblecoin issuers and strict market admission procedures.

  • Congressman French Hill released a report on Operation Choke Point 2.0 and the debunking of cryptocurrency companies under Biden

The U.S. House Financial Services Committee, chaired by Republican French Hill, has released a report on the actions of U.S. regulators that allegedly stifled the crypto industry in the country. The document details the so-called Operation Choke Point 2.0, an informal practice that, according to the report’s authors, led to the systemic debunking of companies linked to digital assets.

Artificial Intelligence

  • Kyivstar and Mincifra have chosen Google Gemma as the basis for creating a national big language model

Mobile operator Kyivstar, together with the WINWIN AI Competence Center at the Ministry of Digital Transformation of Ukraine, has identified Google Gemma as the base model for the development of a national large language model (LLM). The company will be responsible for the operational part of the project, while Google Vertex AI infrastructure will be used for computing power. The press release says that the model will be adapted to the Ukrainian language space — including dialects, context and terminology.

  • Anthropic taught AI models to search for smart contract vulnerabilities and identified $4.6 million worth of “hacks”

Anthropic presented the results of a study on how modern AI models can identify vulnerabilities in smart contracts. The developers tested Claude Sonnet 4.5, Claude Opus 4.5 and GPT-5 on the SCONE-bench set, which includes Ethereum and BNB Chain contract vulnerabilities from 2020-2025.

Claude Opus 4.5 performed best in the benchmark tests. It generated exploits for 17 cases, which is 50% of the sample, and would potentially mean $4.5 million in notional “revenue.” The older models — Claude Sonnet 4.5 and GPT-5 — along with Opus 4.5 were able to detect 19 vulnerabilities out of 34 contracts tested. That’s about 55.8% of the test suite and about $4.6 million in notional funds.

  • WSJ: OpenAI announces a “code red” to improve ChatGPT amid Gemini’s strengthening of Gemini

OpenAI CEO Sam Altman has announced internally a “code red” regime to accelerate ChatGPT improvements. According to WSJ, the memo involves temporarily abandoning some of the parallel initiatives to focus on the core product. Company executives expect this approach to improve the speed and reliability of AI models. In addition, Altman wants to expand the range of queries that the chatbot is able to correctly process, the authors of the material write.

  • The Economist: AI has become a threat to sociologists and opinion polls

Sociologists face a new risk as large language models (LLMs) are able to impersonate humans and pass standard quality checks. This threatens to undermine the reliability of the data that politicians, universities and companies rely on, writes The Economist.

According to the researchers’ calculations, just a few dozen AI respondents could skew the results of a national poll on a sample of 1,600 people. At the same time, survey automation is increasing, and a significant proportion of people are already using AI to compose responses, calling into question the very notion of “public opinion” in the digital age.

  • Nvidia CEO predicted nuclear mini-reactors due to the growth of the AI industry

The expected growth in AI industry capacity has intensified the discussion on the energy limitations of the technology infrastructure. Amid the increased demand for computing resources, Nvidia CEO Jensen Huang suggested that in the future, large companies may create their own energy sources. These developments will be an alternative to the traditional power grid and will help offset the growing needs of AI systems, Huang believes.

On the Other Side of the Law

  • In Austria, the son of the vice-mayor of Kharkiv was killed for crypto assets

In Odessa, law enforcers detained two suspects in the murder of 21-year-old Daniil Kuzmin, the son of Kharkiv Vice Mayor Sergey Kuzmin. He was kidnapped, beaten, forced to transfer crypto-assets, and then set on fire. Note, the Kiev district court of Odessa decided to imprison the suspects for a period of 40 days. However, the text does not mention the name of the deceased.

  • In November, losses from cryptojacking reached almost $195 million

In November 2025, PeckShield analysts recorded approximately 15 major cryptocurrency hacks, the cumulative losses from which reached $194.27 million. This is 969% higher than the October figure of $18.18 million.

  • ZachXBT analyst says suspect arrested for stealing $243 million from Genesis likely arrested

A British hacker involved in the theft of $243 million from lender Genesis has likely been apprehended by law enforcement in Dubai, a ZachXBT researcher said. He noted that the individual in question is Danny Mitsch, also known as Danish Zulfiqar (Khan). According to him, cryptocurrency assets may have been seized from the figure. The crypto sleuth believes about $18.58 million is on an Ethereum address linked to the suspect.

  • Yearn Finance protocol has lost $9 million in a hacker attack

Yearn Finance Protocol has experienced a hacker attack that resulted in the theft of assets from the yETH pool. This is an index product that pools several popular LSTs into a single asset. According to analysts, the attacker was able to exploit a vulnerability that allowed him to empty the pool with a single transaction. The project’s total losses exceeded $9 million.

  • US prosecutors demand 12 years in prison for Do Kwon in Terraform case

US prosecutors have sent a recommendation to the court to sentence Terraform Labs co-founder Do Kwon to 12 years in prison. The document said the scale of the damage he caused exceeded that of the cases of Sam Bankman-Fried, Alex Mashinsky and Carl Sebastian Greenwood combined. Prosecutors said it was his actions that led to the collapse of the Terraform ecosystem and were a factor in the start of the “cryptowinter.”

  • Europol uncovered a €700 million scheme to launder funds through cryptocurrencies

Europol announced the completion of a multi-year investigation into a large-scale cryptocurrency fraud network. The operation, which covered Germany, Spain, Cyprus, Belgium, France, Malta, Israel and other countries, managed to identify and dismantle a criminal structure that laundered more than €700 million through fake cryptocurrency platforms.

Galaxy: cryptocurrency companies have entered a “Darwinian phase” amid market decline

Galaxy Research analysts have warned that bitcoin-based treasuries (DATs) are entering a “Darwinian phase.” Falling premiums, a reversal of the credit cycle, and stocks going negative are changing the conditions on which their growth model was built. Experts say the market has reached its limit. Digital Treasury securities have begun trading below net asset value.

EU fined social network X €120 million for violating the Digital Services Act

The European Commission has fined Elon Musk’s social network X (formerly Twitter) €120 million for violating the Digital Services Act (DSA). The Commission found that the platform misled users with a paid blue tick, restricted researchers’ access to data and failed to provide adequate transparency in promotional material.

IMF says there is a risk of currency substitution by stablecoins in high-inflation countries

The growing popularity of stablecoins, along with the ease of their cross-border use, could lead to rapid substitution of fiat currencies, especially in countries with high inflation or unstable economies. This is according to a new report from the International Monetary Fund (IMF).

BlackRock CEO: sovereign wealth funds are buying up bitcoin after the price sags

BlackRock CEO Larry Fink said that some sovereign wealth funds started buying bitcoin after its price sagged. This is reported by Forbes with reference to his speech at the DealBook conference. According to Fink, funds form a long-term position in the first cryptocurrency and actively buy the asset when it falls into the range of $80,000.

In Malaysia, illegal bitcoin miners have caused more than $1 billion in damage to the power grid over 5 years

Authorities in Malaysia are stepping up their crackdown on illegal bitcoin miners, who have caused more than $1.1 billion in losses to state-owned power utility Tenaga Nasional (TNB) over five years. According to the Energy Ministry, about 14,000 illegal mining sites have been identified in that time.

  • Kalshi co-founder Luana Lopez Lara has become the youngest female billionaire;
  • Strategy is in talks with MSCI over the decision to exclude the company from the indices;
  • Amazon unveiled Trainium3 AI chip and revealed plans to collaborate with Nvidia;
  • Georgia signed a memorandum of cooperation with blockchain startup Hedera;
  • Bank of America recommended that its clients allocate up to 4% of their portfolio to cryptocurrencies;
  • Vanguard to launch cryptocurrency ETF trading;
  • BlackRock cited tokenization as the main driver of change in market infrastructure;
  • Europol and partners liquidated cryptomixer Cryptomixer;
  • NYT: David Sachs used his position as “crypto czar” to advance personal interests.

Articles and Interviews

An interview with Trezor CEO Matej Jacques has been published on the site:

Airdrops

Guides and Activities:

  • Concrete;
  • Thrive Protocol.

Updates:

  • Pharos — New Activity;
  • Base Guild Update;
  • Fogo — Incentivized Transfer Program.
  • Collected for you in one piece the key blockchain and crypto asset investments of the last week.
  • We regularly update Incrypted cryptocalendar, where you will find a lot of interesting events and announcements.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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