Ethereum’s post-Fusaka landscape is showing mixed price action. While BlackRock continues to unload ETH ETF positions, Grayscale and Fidelity have collectively accumulated nearly $78M in Ethereum. Overall sentiment remains bullish, especially as the upgrade opens a new path for smart accounts and broader account abstraction use cases.

Not all signals are positive, some headlines point to rising market risk. American Bitcoin Corporation collapsed 51% in just 26 minutes, while Trump-linked crypto assets dropped nearly 75%, wiping out around $1 billion. It’s not a major figure for the U.S., but it’s a reminder that sudden shocks can still shake pockets of the market.

Bitcoin miners are now operating below profitability. Daily operational costs sit around ~$44/PH/day, while miner revenue has fallen to the ~$35–40/PH/day range, forcing some miners to shut off their rigs. This is reigniting the debate: “Is it smarter to buy Bitcoin directly rather than mine it, especially as weaker miners exit?”

Several upcoming catalysts could reshape the next week. Solana Breakpoint kicks off in Abu Dhabi with major announcements expected from The Graph and Pyth Network. Meanwhile, Bitcoin MENA runs from December 8–12, Optimism’s fee-reducing upgrade goes live on December 9, and Jupiter’s Launchpad opens December 3 with the $WET launch and first-day Coinbase listing scheduled for December 9.

The Bitcoin ecosystem is entering a new phase of development. Historically limited to simple transfers and value storage with Lightning as the only notable L2 Bitcoin is now seeing real Layer-2 momentum. Spark Network aims to bring multichain liquidity to Bitcoin by connecting the Solana ecosystem, while Flashnet is building a Bitcoin L2 designed for token issuance and multi-token launches.

Dubai’s crypto scene is heating up ahead of Bitcoin MENA. The city’s most active event at the moment is Binance Blockchain Week, where Yi He appeared as the new CEO. In addition, World Neighbor TV announced its partnership with Binance and projected “Buy Aster” across the Burj Khalifa, drawing major attention.

As the market stabilizes, new opportunities are resurfacing. Presales, memecoins, and yield strategies are showing renewed traction high-risk, but undeniably active. Still, it’s essential to avoid speculation traps and stick to safe investment principles while keeping up with critical market news.

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