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Ethereum's Fusaka Upgrade has been officially activated

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On December 4, Ethereum’s second major upgrade of the year—Fusaka—officially went live on the mainnet at 5:49:11 Beijing time (corresponding to Epoch 411392), per official sources. The upgrade spans both the consensus and execution layers, designed to boost Ethereum’s capacity to process high-volume transactions from various Layer 2 networks. It raises the block gas limit to 60 million and sets the stage for future blob parameter adjustments via BPO forks. Industry expectations call for the upgrade to cut Layer 2 fees by 40% to 60%.
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Coinbase Partners with Major US Banks to Conduct Stablecoin and Cryptocurrency Pilot Project

Dec. 4 (Bloomberg) — Coinbase Global Inc. CEO Brian Armstrong said Wednesday that some of the largest U.S. banks are partnering with the crypto exchange to run pilot projects focused on stablecoins, custody and trading. “Top banks see this as an opportunity,” Armstrong noted, though he declined to name the specific lenders involved. “Banks that push back against this trend will be left behind.”

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Solana Mobile is pleased to announce that its native token SKR will be issued in January 2026.

On December 4, Solana Mobile announced via official channels that its native token SKR will launch in January 2026. SKR’s tokenomics include a total supply of 10 billion tokens, with the following allocation breakdown: 30% for airdrops, 25% for growth and partnerships, 10% for liquidity and listing, 10% for the community treasury, 15% for Solana Mobile, and 10% for Solana Labs. The token uses a linear inflation model to incentivize early participants to secure the ecosystem via staking and drive platform growth. The first-year inflation rate is 10%, with a decay mechanism that reduces the rate by 25% annually until it stabilizes at a terminal rate of 2%.

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Bitcoin Falls Below $93,000

On December 4th, per HTX market data, Bitcoin has fallen below $93,000 and is currently trading at $92,986, with its 24-hour price change narrowing to 1.85%.

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Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting Operations

On December 4, CoinDesk reported that Connecticut has launched legal action targeting the sports event contract space, issuing cease-and-desist orders Wednesday to three major prediction market operators—Robinhood, Kalshi, and Crypto.com. The state’s Department of Consumer Protection accuses the firms of engaging in unlicensed sports betting. Per the state government’s notice, the companies are “hereby ordered to immediately cease and desist from advertising, offering, promoting, or otherwise providing contracts or other forms of unlicensed online gambling to Connecticut residents.” Robinhood responded Wednesday, arguing the company is overseen by the U.S. federal government.

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Crypto.com has partnered with sports merchandise giant Fanatics to launch the prediction market Fanatics Markets

On December 4, The Block reported that global sports apparel giant Fanatics announced Wednesday it will launch a fan-driven prediction market platform—Fanatics Markets—via a strategic partnership with Crypto.com. Modeled after industry leaders Polymarket and Kalshi, the platform will let users trade contracts tied to real-world event outcomes. Fanatics Markets will roll out in two phases: - **Phase 1** goes live today, offering event contracts across sports, finance, economics, and other categories. - **Phase 2** launches early next year, expanding to include contracts covering cryptocurrency, stocks/IPOs, climate, pop culture, tech/AI, movies, and music.

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Coinbase Adds Beam (BEAM) to Listing Roadmap

On December 4, per an official announcement, Coinbase is set to add Beam (BEAM) to its listing roadmap.

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