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The Fusaka hard fork is a major Ethereum upgrade planned for 2025, focusing on scalability, security, and execution efficiency. It introduces nine core EIPs, including PeerDAS, to improve data availability and network performance. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.
In Brief Vitalik Buterin warns Zcash against token-based governance. Zcash community is divided over future governance approach. ZEC Coin struggles with market negativity and volatile price movements.
- 02:11A new address deposited 3.86 million USDC to Hyperliquid and placed a long order for 196 BTC.According to ChainCatcher, a newly created wallet 0x0c0B deposited 3.86 million USDC into Hyperliquid one hour ago, and placed a limit order to go long on 196 BTC in the $86,500–$86,750 range. Based on the median price of the range, the order size is estimated to be approximately $16.97 million.
- 02:10Spot gold breaks through $4,250 per ounce, up 0.76% on the dayJinse Finance reported that spot gold continues its upward trend, breaking through $4,250 per ounce, up 0.76% on the day. Spot palladium has rapidly expanded its gains, with a daily increase of 4.00%, now quoted at $1,511.43 per ounce. (Golden Ten Data)
- 02:02Analysis: The "1011" liquidation event and the increasingly challenging macro environment have become the main reasons for the recent downturnChainCatcher News, Bitcoin and Ethereum have erased all gains made so far this year—a sharp reversal for a market that just two months ago saw Bitcoin soar to a historic high of $126,000. VCs point out that there are two main reasons behind this correction: the liquidation event on October 11 and an increasingly challenging macro environment. Rob Hadick, General Partner at Dragonfly, stated that this deleveraging event, triggered by low liquidity, poor risk management, and weak oracle or leverage mechanisms, resulted in significant losses and brought about tremendous uncertainty. Boris Revsin, General Partner and Managing Director at Tribe Capital, shared a similar view, describing it as a “leverage washout” that caused a chain reaction throughout the market. At the same time, the macro environment has become less favorable: short-term rate cut expectations have faded, inflation remains stubborn, the job market is weakening, geopolitical risks are rising, and consumer pressure is increasing. VCs note that this series of factors has led to weak performance for most risk assets over the past two months. Anirudh Pai, Partner at Robot Ventures, further emphasized concerns about a slowdown in the US economy. Key growth indicators—including the Citi Economic Surprise Index and 1-year inflation swaps (derivatives used to hedge inflation risk)—have already started to weaken. Pai noted that this pattern has appeared before previous recession fears, fueling broader risk aversion. Dan Matuszewski, Co-founder of CMS Holdings, said that apart from tokens supported by buyback mechanisms, there is almost no “incremental capital inflow” into the crypto market, except for DAT (Digital Asset Treasury) companies. As new demand dries up and ETF inflows no longer provide effective support, prices are falling even faster.