BTC address dormant for 13 years reactivated; Vitalik highly praises Fusaka upgrade

Bitcoin

2 Bitcoin OGs Move 2,000 BTC Worth $178.29 Million to New Wallets After Over 13 Years of Inactivity

According to Onchain Lens monitoring, after being dormant for over 13 years, 2 original (OG) Bitcoin wallets have moved 2,000 BTC, worth $178.29 million, to new wallets. These bitcoins are Casascius physical bitcoins minted by Mike Caldwell between 2011 and 2013.

Jensen Huang: Bitcoin Is a Form of Energy Storage

According to market sources, NVIDIA CEO Jensen Huang said that Bitcoin is a form of energy storage.

Strive’s Perpetual Preferred Stock SATA Now Listed on Robinhood

According to market sources, Bitcoin reserve company Strive’s perpetual preferred stock $SATA is now listed on the Robinhood platform.

Indiana Just Proposed a Bill Allowing Public Pension Funds to Invest in Bitcoin

According to market sources, the state of Indiana in the United States has just proposed a bill that would allow public pension funds to invest in Bitcoin.

Japanese Listed Company Metaplanet Announces $50 Million Fundraising to Buy Bitcoin

According to market sources, Japanese Bitcoin treasury company Metaplanet announced it has raised $50 million, which it plans to use to purchase more Bitcoin.

Ethereum

Vitalik Praises Ethereum Fusaka Upgrade

According to official Ethereum network documentation, Ethereum has officially deployed the Fusaka upgrade. This upgrade aims to improve the network’s transaction processing capacity while maintaining existing security standards and decentralization levels. Ethereum co-founder Vitalik Buterin posted on X Wednesday evening, saying: “Hearty congratulations to the Ethereum researchers and core developers who have worked hard for years to achieve this result.” The Fusaka upgrade was launched on Ethereum’s final testnet, Hoodi, in October. Its core is the EIP-7594 proposal—PeerDAS (node data availability sampling protocol). This protocol allows Ethereum nodes to verify data integrity without downloading the full block data, achieving the core goal of “scaling without compromise”—increasing network capacity while preserving current security parameters and decentralization features.

CryptoOnchain: BitMine Now Holds About 3% of Total Ethereum Supply; Any New Buying Could Trigger ETH Price Surge

CryptoOnchain analyzed on X: Is Ethereum’s supply squeeze approaching? The BitMine effect is evident. Institutional dominance: Reports indicate that BitMine now controls about 3% (3.7 million ETH) of Ethereum’s total supply. Over the past 30 days, there has been a net outflow of $1.6 billion from exchanges, confirming this large-scale accumulation trend. Liquidity continues to dry up: Ethereum reserves on exchanges have dropped sharply, with a single-day outflow of $3.1 billion on November 23, setting a record high. The number of withdrawal addresses currently exceeds deposit addresses by 40%, and circulating inventory is rapidly shifting to cold wallet storage. A supply shock is brewing: Record-high staking deposits, combined with ongoing accumulation by whales like BitMine, has led to a continuous reduction in market depth. This forms a classic supply squeeze scenario—tradable sell orders on the market will drop sharply. Conclusion: Data shows that the current market is exhibiting active hoarding behavior, not just holding. As tradable supply shrinks, any new buying could trigger explosive price increases.

Coinbase-Incubated Ethereum L2 Base Launches Solana Asset Bridge

Ethereum Layer 2 network Base, incubated by Coinbase, has officially launched a cross-chain bridge service to support native Solana ecosystem assets and allow assets on Base to be bridged to Solana. This cross-chain infrastructure is supported by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and aims to enable secure interoperability between the two ecosystems.

Ethereum Treasury Companies’ Total Holdings Surpass 6 Million ETH; Ethereum ETFs Hold Over 6.3 Million ETH

According to strategicethreserve data, Ethereum treasury strategy companies now hold a total of 6.47 million ETH, accounting for 5.35% of the total supply; Ethereum ETFs hold a total of 6.31 million ETH, accounting for 5.22% of the supply.

Vitalik: Need for Reliable and Trustless On-Chain Gas Futures Market

Ethereum founder Vitalik stated that we need a reliable and trustless on-chain gas futures market (similar to a prediction market for BASEFEE). Although gas fees are currently low, many people are concerned about future fee trends and question whether measures such as increasing the gas limit, BAL, ePBS, and future ZK-EVMs can maintain low fees. Vitalik believes an on-chain gas futures market could help solve this problem: users would have clear insight into others’ expectations for future gas fees and could even hedge future gas prices, effectively prepaying a specific amount of gas for a given period.

Other Projects

SoFi Plans $1.5 Billion Stock Offering to Expand More Product Lines

Fintech company SoFi Technologies is seeking to raise $1.5 billion through a new stock issuance to expand product lines beyond its loan business. A statement shows the company is working with Goldman Sachs to advance the offering. Sources say the offering price range is $27.50 to $28.50 per share, representing up to a 7.1% discount from Thursday’s closing price of $29.60.

Coinbase CEO: Major Banks Are Working with Coinbase on Crypto Pilot Projects

Coinbase CEO Brian Armstrong said that some major banks are working with Coinbase on pilot projects in stablecoins, custody, and trading, though he did not name specific banks. Armstrong stated, “Top banks are actively seizing this opportunity, and those institutions resisting change will eventually be left behind by the times.”

Blockchain Bank N3XT Raises $72 Million in Three Funding Rounds

Blockchain bank N3XT disclosed it has raised $72 million through three funding rounds, with participation from Paradigm, HACK VC, and Winklevoss Capital. The bank was reportedly founded by Scott Shay, founder and former chairman of Signature Bank, and Jeffrey Wallis, former Signature Bank director of digital assets and Web3 strategy, will serve as N3XT’s CEO.

Financial-Focused Blockchain Firm Digital Asset Holdings Raises $50 Million in New Round

As Wall Street giants bet on crypto’s underlying technology to handle traditional assets, blockchain firm Digital Asset Holdings LLC, focused on the financial sector, has raised another round of funding. Investors in this round include BNY Mellon and Nasdaq. Sources say the round totaled $50 million, with S&P Global and iCapital also participating. This follows a $135 million funding round earlier this year. Bloomberg reported in June that the previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers Citadel Securities, IMC, and Optiver also participating.

Kalshi Raises $1 Billion at $11 Billion Valuation

According to market sources, prediction market Kalshi has completed a $1 billion Series E round, bringing the company’s valuation to $11 billion. Paradigm led the round, with participation from Sequoia, Andreessen Horowitz, and Cathie Wood’s ARK Invest.