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ethereum’s fusaka hard fork sparked a recovery amid the market crash. the broader crypto market saw a brutal $1t wipeout in november 2025. while bitcoin ($btc) plummeted, $eth showcased remarkable resilience. fusaka, activated december 3, 2025, prioritizes backend scalability. it is a critical step toward danksharding’s 100,000+ tps. key features cementing eth's role: • peerdas (eip-7594) boosts blob capacity 8x, slashing l2 data costs by up to 90%. • eip-7935 raises the gas limit to 50m+, increasing mainnet throughput. eth price resilience is evident. it trades at $3,545, firmly holding the $3,500 support line. it rebounded 7% from its crash low, outperforming the market by 5-7%. → $32m in eth was burned in 30 days, tightening supply at peak usage. → addresses holding 1k+ eth added 45k tokens in two weeks. → spot eth etfs showed positive inflows, led by blackrock. fusaka's peerdas unleashes explosive l2 growth. base is the breakout star with surging ai agent volumes.
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hyperliquid endured its third major market manipulation attack this year on november 12, 2025. this was a coordinated popcat manipulation designed to sabotage the protocol. the attacker deployed $3 million in usdc across 19 wallets. this was used to fabricate a $20-30 million long position in popcat perpetuals. a fake $20 million buy wall was erected at $0.21 to inflate the price by 40%.