Ethereum

Financial executives from Citadel Securities, Coinbase, Galaxy, and BlackRock revealed sharp disagreements over tokenization regulation during a Thursday SEC Investor Advisory Committee meeting. The session followed a Wednesday letter from Citadel Securities recommending stricter SEC oversight of DeFi protocols handling tokenized securities. Crypto advocates pushed back, arguing such rules are impractical for decentralized systems.

Lighter, an Ethereum-based decentralized perpetual exchange valued at $1.5 billion, introduced spot market trading starting with ETH on Thursday. The platform processed $292.5 billion in trading volume during November, becoming the highest-volume perpetuals protocol that month. Lighter plans to add additional spot markets in the coming days.

Monad's blockchain processes 2.2 million daily transactions and holds $277.5 million in DeFi total value locked since its mainnet launch. Data show 75% of assets bridged to the network have moved to other chains, according to WormholeScan. The MON token has declined 28% over the past week despite generating $100,000 in fees during its first seven days.

The U.S. Commodity Futures Trading Commission authorized spot cryptocurrency trading on federally regulated exchanges for the first time. Acting Chairman Caroline D. Pham announced December 4 that CFTC-registered futures exchanges may now list spot digital assets under federal supervision. The decision ends decades of state-level-only oversight and opens institutional access to compliant spot crypto markets.

BitMine has acquired approximately $150 million worth of Ethereum, increasing its total holdings to over 3% of the cryptocurrency's circulating supply. The purchase represents a contrarian move as most treasury firms have reduced ETH exposure amid market volatility. The company has stated its goal of controlling 5% of all circulating ETH.

Ethereum activated the Fusaka upgrade, introducing PeerDAS technology that enables nodes to verify smaller data samples instead of complete blobs. The block gas limit increased to 60 million, allowing rollups including Arbitrum, Optimism, and zkSync to post larger data batches at lower costs. The protocol-level changes require no action from wallet holders or application users.

Ripple CEO Brad Garlinghouse projected Bitcoin will reach $180,000 by the end of 2026, speaking at Binance Blockchain Week. He cited improved U.S. regulatory clarity and strong macroeconomic tailwinds as primary drivers. Bitcoin currently trades at $93,465 following recent market volatility.

Grayscale's GLNK, the first U.S. exchange-traded product tracking Chainlink, drew more than $41 million in inflows during its debut trading session. The fund closed its first day with approximately $64 million in assets under management. Analysts described the performance as notably strong for a new crypto ETP focused on oracle infrastructure.

BitMine Immersion Technologies acquired 96,798 Ether valued at approximately $265 million during the week ending November 30, 2025. The purchase elevated the company's total Ethereum treasury to 3.73 million tokens, representing over 3% of circulating supply. Management accelerated weekly buying by 39% ahead of the Fusaka network upgrade scheduled for early December.

BitMine purchased $150 million worth of Ethereum on Wednesday, acquiring 48,623 ETH through multiple exchanges, data show. Collective purchases by Ethereum digital asset treasuries fell to 370,000 ETH in November, marking an 81% decline from the 1.97 million ETH bought in August. The company's treasury now holds over 3% of Ethereum's total circulating supply.