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Several Asia-Pacific countries, including Hong Kong, India, Mumbai, and Australia, are resisting corporate hoarding of cryptocurrencies.
Quick Take Summary is AI generated, newsroom reviewed. The Ethereum Fusaka upgrade has entered its final testnet phase. It introduces a gas cap per transaction to improve block efficiency. The upgrade prepares Ethereum for parallel transaction processing. Mainnet launch is planned for December 3, 2025, marking a key milestone.References UPDATE: Ethereum's Fusaka upgrade enters final testnet phase ahead of Dec. 3 mainnet rollout.
Collaboration Aims to Develop Multi-Stablecoin Liquidity-Powered Global Settlement Layer
Near Protocol Validators Require 80% Approval for Proposed Annual Inflation Reduction, with Decision Expected by October 2025
- 09:03ING: The US dollar's gains may be unsustainable; attention should be paid to inflation dataChainCatcher news, according to Golden Ten Data, ING analyst Francesco Pesole stated that the US dollar's ability to extend this week's gains appears limited. Although the easing of concerns over bad loans at US regional banks has boosted the dollar, he pointed out that unless the market finds a reason to rule out one of the three rate cuts by the Federal Reserve before March next year, it will be more difficult for the dollar to rise further. Pesole believes that the most realistic driver for a repricing of rate expectations this week would be higher-than-expected US inflation data on Friday, but this is unlikely to happen.
- 09:03USDC Treasury burns 55,000,000 USDC on the Ethereum chainAccording to ChainCatcher, Whale Alert monitoring shows that approximately 2 minutes ago, USDC Treasury burned 55,000,000 USDC on the Ethereum blockchain.
- 08:56An institution sold 675,000 HYPE and bought 126,900 SOL in the past 4 hours.According to Jinse Finance, on-chain analyst Yujin has monitored that investors/institutions who received an allocation of 1 million SOL have sold HYPE to purchase SOL for the third consecutive day. In the past 4 hours, this institution sold 675,000 HYPE in exchange for 23.44 million USDC, and then bridged to Solana to purchase 126,900 SOL. Currently, the institution still holds 743,000 HYPE, valued at approximately 26.12 million US dollars.