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Weekly Preview | Fusaka network upgrade to be activated on Ethereum mainnet; Sui (SUI) to unlock tokens worth over $80 million.

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November 30, 2025
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Weekly Preview | Fusaka network upgrade to be activated on Ethereum mainnet; Sui (SUI) to unlock tokens worth over $80 million.
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Breaking Information Preview:

  • Sui (SUI) will unlock roughly 55.54 million tokens at 8:00 AM Beijing time on December 1st, representing 0.56% of the whole provide, worth roughly $85 million.
  • Ethena (ENA) will unlock roughly 95.31 million tokens at 8:00 AM Beijing time on December 2nd, representing 0.64% of the whole provide, worth roughly $27.2 million.
  • Pandu Ethereum ETF will be listed on the Hong Kong Inventory Trade on December 3, permitting customers to straight maintain ETH;
  • The SEC’s Investor Advisory Committee held an internet assembly on December 4 to talk about company governance and inventory tokenization;
  • Ethereum Basis: The Fusaka upgrade is anticipated to be activated on the mainnet at 05:49 Beijing time on December 4th.

December 1

Undertaking Updates:

The dYdX community has approved a one-month pilot program for liquidation rebates, starting December 1st.

dYdX tweeted that the neighborhood has authorised a one-month pilot program for liquidation rebates (beginning December 1, 2025), which can reward merchants who expertise liquidation occasions with factors and rebates, up to $1 million.

Aster has announced the Season 3 airdrop schedule: the inspector will open on December 1st, and tokens can be claimed on December 15th.

Aster has up to date the Stage 3 airdrop schedule on the X platform. The S3 airdrop checker will open on December 1st at 20:00, and the airdrop token declare interval is from December fifteenth at 20:00 to January fifteenth, 2026 at 20:00.

Syndicate will launch Epoch 2 on December 1st at 7:00 AM.

DAO infrastructure supplier Syndicate tweeted that Epoch 2 will launch at 7:00 AM Beijing time on December 1st. SYND stakers should deposit their staked tokens into supported software chains earlier than the Epoch swap.

Token unlocking:

Sui (SUI) will unlock roughly 55.54 million tokens at 8:00 AM Beijing time on December 1st, representing 0.56% of the whole provide, worth roughly $85 million.

The Santos FC Fan Token (SANTOS) will unlock roughly 5.7 million tokens at 8:00 AM Beijing time on December 1st, representing 19% of the whole provide and worth roughly $12.7 million.

Walrus (WAL) will unlock roughly 32.7 million tokens at 8:00 AM Beijing time on December 1st, representing 0.65% of the whole provide, worth roughly $5.5 million.

December 2

Trade:

CME Group and CF Benchmarks will launch two new Bitcoin volatility indices on December 2nd.

CME Group and CF Benchmarks introduced plans to launch two new Bitcoin volatility indices on December 2nd: the CME-CF Bitcoin Volatility Actual-Time Index (BVX) and the CME-CF Bitcoin Volatility Settlement Index (BVXS). These indices are forward-looking market indicators used to measure market expectations of Bitcoin worth volatility over a hard and fast 30-day expiration interval. Whereas not tradable futures merchandise, these indices function clear indicators reflecting the implied volatility in CME-regulated Bitcoin futures and micro Bitcoin futures contract choices.

Undertaking Updates:

Aztec Network will launch a public auction of AZTEC tokens on December 2nd.

Aztec Network not too long ago launched its new Layer 2 answer, Ignition Chain, on the Ethereum mainnet, claiming it to be the primary totally decentralized Ethereum L2 answer. Beforehand, the network had launched an AZTEC token sale, with tokens used for staking, governance, and block rewards. Ignition Chain goals to obtain an end-to-end DeFi privateness expertise, combining zero-knowledge proofs to guarantee privateness and verifiability. Presently, the validator queue has reached 500, and mainnet block manufacturing has begun. The AZTEC token public public sale will start on December 2nd.

Token unlocking:

Ethena (ENA) will unlock roughly 95.31 million tokens at 8:00 AM Beijing time on December 2nd, representing 0.64% of the whole provide, worth roughly $27.2 million.

December 3

Trade:

Pandu Ethereum ETF will be listed on the Hong Kong Stock Exchange on December 3, allowing users to directly hold ETH.

Pando, a licensed digital asset administration service firm, formally introduced that its Ethereum ETF will be listed on the Hong Kong Inventory Trade on December 3, with the inventory code 3085.HK. The ETF straight holds Ethereum and is predicated on the CME Group CF Ethereum-USD Index (Asia-Pacific closing worth). Hong Kong buyers can use their present securities accounts to commerce by selecting money or bodily redemption. The buying and selling unit is 100 shares, and the minimal subscription quantity is HK$850.

Undertaking Updates:

HumidiFi’s WET token will be issued on December 3rd via the Jupiter DTF platform.

HumidiFi introduced on the X platform that its WET token will turn into the primary token issued via the Jupiter DTF platform on December third, with extra info to be launched quickly. Beforehand, on October 30th , Jupiter introduced that HumidiFi would be the primary ICO mission on its DTF platform.

The Dubai Blockchain Week 2025 will be held from December third to 4th.

Binance introduced that the Dubai Blockchain Week 2025 will be held from December 3 to December 4, 2025 on the Coca-Cola Stadium in Dubai.

December 4

Coverage and regulation:

The SEC Investor Advisory Committee held an online meeting on December 4 to discuss corporate governance and stock tokenization.

In accordance to the U.S. Securities and Trade Fee (SEC) web site, the SEC Investor Advisory Committee will maintain a public on-line assembly on December 4 at 10:00 a.m. (Jap Time) and can be streamed dwell on the web site. The assembly will function two periods: Modifications in Company Governance Regulation and the Issuance, Buying and selling, and Settlement Mechanisms of Inventory Tokenization underneath the Present Regulatory Framework. The Committee will even talk about a disclosure suggestion concerning “The Impression of Synthetic Intelligence on Issuer Operations.” The assembly agenda has been printed, and the Committee can submit its analysis findings and suggestions to the SEC.

Trade:

Binance Leverage will remove several trading pairs, including WAXP/BTC, SXP/BTC, and ONT/BTC, on December 4th.

In accordance to the official announcement, Binance Leverage will take away the next leveraged buying and selling pairs on December 4, 2025 at 14:00 (UTC+8):

  • Full margin leveraged buying and selling pairs: WAXP/BTC, SXP/BTC, ONT/BTC, ID/BTC, ZRX/BTC, CHR/BTC, ENJ/BTC;
  • Remoted margin buying and selling pairs: WAXP/BTC, ONG/BTC, POWR/BTC, SXP/BTC, ONT/BTC, ID/BTC, AGLD/BTC, ZRX/BTC, CHR/BTC, ENJ/BTC, UMA/BTC.

Undertaking Updates:

Ethereum Foundation: The Fusaka upgrade is expected to be activated on the mainnet at 05:49 Beijing time on December 4th.

The Ethereum Basis has introduced the Fusaka upgrade, scheduled for activation on Ethereum mainnet slot 13,164,544, at 21:49:11 UTC on December 3, 2025 (05:49:11 Beijing time on December 4). This upgrade introduces a Blob-only (BPO) fork to safely scale blob throughput after PeerDAS activation. A key function of Fusaka is PeerDAS (Peer Knowledge Availability Sampling), which considerably improves blob throughput. Fusaka additionally optimizes the execution and consensus layers to improve L1 layer efficiency and enhance person expertise.

December 5

Coverage and regulation:

The US September PCE report has been rescheduled to December 5th, and the preliminary Q3 GDP report has been cancelled.

In accordance to the U.S. Bureau of Financial Evaluation (BEA), the information launch schedule affected by the U.S. authorities shutdown is as follows: ① The preliminary GDP estimate for the third quarter of 2025 has been cancelled; it was initially scheduled for launch on October 30. ② The September PCE (Private Consumption Expenditures) and Private Earnings experiences will be launched at 10:00 AM (Beijing time) on December 5; the unique launch date was October 31.

Trade:

Upbit has recovered roughly $30.43 million in stolen funds; South Korean regulators will conduct an on-site investigation till December fifth.

In accordance to Upbit’s announcement, the quantity of property leaked associated to its Solana network has been revised from 54 billion received (roughly US$36.93 million) to 44.5 billion received (roughly US$30.43 million); the quantity of funds frozen on the Solana network has been revised from roughly 12 billion received to roughly 2.3 billion received (roughly US$1.57 million). Moreover, in accordance to South Korean media outlet BlockMedia, following the Upbit safety incident, the Digital Asset Supervisory Bureau of the Monetary Supervisory Authority of Korea instantly launched an on-site inspection of the platform. The Monetary Supervisory Authority acknowledged, “We’re conscious of this hacking incident and are at present investigating the main points of the assault, the extent of the losses, and the measures taken to shield buyer property. We count on to proceed the on-site inspection till subsequent Friday (December fifth).”

Undertaking Updates:

The second season of YZi Labs’ Easy Residency incubation program will end on December 5th.

The second season of the EASY Residency International Founders Residency program will launch on October 6, 2025, and finish on December 5, masking the Web3, AI, and biotechnology sectors. This program companions with the BNB Chain’s MVB mission, providing up to $500,000 in funding, top-tier mentorship, and market assist. The residency program has international hubs in Dubai, San Francisco, New York, and Singapore, aiming to assist founders overcome geographical limitations and focus on fixing real-world issues. The ultimate Demo Day will be held throughout Binance Blockchain Week.

December 6

None out there

December 7

Undertaking Updates:

The community airdrop of Aria Protocol’s native token, $ARIAIP, will end on December 7th.

Story ecosystem IP, RWA protocol Aria Protocol, introduced that its native token $ARIAIP will be listed on November seventh at 15:00 (UTC+8) and open for neighborhood airdrop functions, which can proceed till December seventh. $ARIAIP will function the protocol’s coordination layer, supporting governance participation, ecosystem liquidity constructing, and neighborhood entry to advantages. Eligible airdrop recipients embody Aria Season 1 factors holders and $IP neighborhood members.

Token unlocking:

Jito (JTO) will unlock roughly 11.31 million tokens at 8:00 AM Beijing time on December seventh, representing 1.13% of the whole provide, worth roughly $5.4 million.

Time to be decided

Undertaking Updates:

Uniswap’s “UNIFICATION” proposal has passed preliminary approval, and formal on-chain voting is expected to begin next week.

The Uniswap “UNIndication” governance proposal garnered over 63 million UNI votes with just about no opposition in a provisional vote. The proposal goals to unify the governance construction of Uniswap Labs and the muse, and activate a protocol-level price mechanism. The fee-switch good contract has been included within the Cantina bug bounty program, with a reward of $15.5 million. Formal on-chain voting is anticipated to start subsequent week, and its passage will facilitate the implementation of a UNI governance token income distribution mechanism.



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