I'm LongbridgeAI, I can summarize articles.A dormant BTC address has been revived, transferring 2,000 BTC worth $178.29 million. Vitalik Buterin praises Ethereum's Fusaka upgrade for enhancing transaction processing. Indiana introduces a bill for public pension funds to invest in Bitcoin. Metaplanet raises $50 million to buy Bitcoin. BitMine holds 3% of Ethereum's supply, indicating a potential price surge. SoFi plans to raise $1.5 billion through share issuance to expand its product line.
Bitcoin
Two Bitcoin OGs Transfer 2,000 BTC to New Wallet After More Than 13 Years of Dormancy, Worth $178.29 Million
According to Onchain Lens monitoring, after being dormant for more than 13 years, two Bitcoin OG (original) wallets have transferred 2,000 Bitcoins, worth $178.29 million, to a new wallet. These Bitcoins are Casascius physical Bitcoins minted by Mike Caldwell between 2011 and 2013.
Jensen Huang: Bitcoin is a Form of Energy Storage
According to market news: Nvidia CEO Jensen Huang stated that Bitcoin is a form of energy storage.
Strive's perpetual preferred stock, SATA, is now available on Robinhood. According to market news, Strive's perpetual preferred stock, $SATA, is now available on the Robinhood platform. Indiana has just introduced a bill allowing public pension funds to invest in Bitcoin. According to market news, Indiana has just introduced a bill allowing public pension funds to invest in Bitcoin. Japanese listed company Metaplanet announces $50 million raised to purchase more Bitcoin. According to market news, Japanese Bitcoin treasury company Metaplanet announced it has raised $50 million, which it plans to use to purchase more Bitcoin. Ethereum Praises Fusaka Upgrade According to official Ethereum network documentation, Ethereum has officially deployed the Fusaka upgrade. This upgrade aims to improve network transaction processing capacity while maintaining existing security standards and decentralization. Ethereum co-founder Vitalik Buterin posted on the X platform Wednesday evening, "Warmest congratulations to the Ethereum researchers and core developers who have worked tirelessly for years to make this possible." The Fusaka upgrade was launched on Ethereum's final testnet, Hoodi, in October. Its core is EIP-7594 proposal—PeerDAS (Node Data Availability Sampling Protocol). This protocol allows Ethereum nodes to verify data integrity without downloading the complete block data, achieving the core goal of "scaling without degradation" (i.e., increasing network capacity while preserving existing security parameters and decentralization). CryptoOnchain: BitMine Currently Holds Approximately 3% of Ethereum's Total Supply; Any New Buying Could Trigger a Price Surge in ETH. CryptoOnchain, in an analysis published on its X platform, suggests an impending Ethereum supply crunch and the emergence of the BitMine effect. Institutional Dominance: Reports indicate that BitMine currently controls approximately 3% of the total Ethereum supply (3.7 million ETH). Net outflows from exchanges over the past 30 days have reached $1.6 billion, confirming this large-scale hoarding trend. Continued Liquidity Depletion: Ethereum reserves on exchanges have declined sharply, with a single-day outflow of $3.1 billion on November 23, setting a new record. Currently, the number of cash-out addresses exceeds deposit addresses by 40%, and circulating inventory is rapidly shifting to cold wallets. Supply Shock Brewing: Record-breaking staking deposits, coupled with the continued absorption of circulating tokens by whales like BitMine, are causing market depth to shrink continuously. This constitutes a typical supply-tightening scenario—the number of tradable sell orders in the market will decrease sharply. Conclusion: The data indicates that the current market is exhibiting active hoarding behavior, rather than simple holding. As the tradable supply shrinks, any new buying could trigger a price surge.
Coinbase-incubated Ethereum L2 Base launches Solana asset bridge
Base, an Ethereum Layer 2 network incubated by Coinbase, announced the official launch of its cross-chain bridge service, supporting native Solana ecosystem assets and allowing assets on Base to be bridged to Solana. This cross-chain infrastructure is powered by the Chainlink Cross-Chain Interoperability Protocol (CCIP), designed to achieve secure interoperability between the two ecosystems.
... Ethereum Treasury holdings surpass 6 million, Ethereum ETF holdings exceed 6.3 million. According to strategythreserve data, Ethereum Treasury holdings have reached 6.47 million, representing 5.35% of the supply; Ethereum ETF holdings have reached 6.31 million, representing 5.22% of the supply. Vitalik: A reliable and trustless on-chain Gas futures market is needed. Ethereum founder Vitalik Buterin stated that a reliable and trustless on-chain Gas futures market (similar to the prediction market for BASEFEE) is needed. While gas fees are currently low, many are concerned about the future trend of fees, questioning whether measures such as increasing gas caps, BAL, ePBS, and subsequent ZK-EVM can maintain low fees. Vitalik believes that on-chain gas futures markets can help solve this problem: users can clearly understand others' expectations of future gas fees and even hedge against future gas prices, effectively prepaying a specific amount of gas fees for a specific period. Other Projects SoFi Plans to Raise $1.5 Billion Through Share Issuance to Expand Product Line Fintech company SoFi Technologies is seeking to raise $1.5 billion through a share issuance to expand its product line beyond lending. The statement indicates that the company is working with Goldman Sachs to advance this share issuance. Sources familiar with the matter revealed that the offering price range is $27.50 to $28.50 per share, representing a maximum discount of approximately 7.1% to Thursday's closing price of $29.60.
Coinbase CEO: Major Banks Are Partnering with Coinbase on Cryptocurrency Pilot Projects
Coinbase CEO Brian Armstrong stated that some major banks are partnering with Coinbase on pilot projects in the areas of stablecoins, custody, and trading. He did not name any specific banks.
... Armstrong stated, "Top banks are actively seizing this opportunity, and those institutions that resist change will ultimately be eliminated by the times." Blockchain bank N3XT raises $72 million in three funding rounds. Paradigm, HACK VC, and Winklevoss Capital participated in the rounds. The bank was reportedly founded by Scott Shay, founder and former chairman of Signature Bank, and Jeffrey Wallis, former head of digital asset and Web3 strategy at Signature Bank, will serve as N3XT's CEO. Digital Asset Holdings, a blockchain company focused on the financial sector, has raised another $50 million in funding. This round of funding comes as Wall Street giants are betting heavily on cryptocurrency underlying technology to manage traditional assets. Investors include institutions such as Bank of New York Mellon and Nasdaq. According to sources, the round raised $50 million, with S&P Global and iCapital participating. This is the company's second round of funding this year, following a $135 million round earlier in the year. Bloomberg reported in June that the previous round was led by DRW Venture Capital and Tradeweb Markets, with market makers Citadel Securities, IMC, and Optiver also participating. Kalshi Raises $1 Billion at $11 Billion Valuation According to market sources, Kalshi has completed a $1 billion Series E funding round, valuing the company at $11 billion. The round was led by Paradigm, with participation from Sequoia, Andreessen Horowitz, and Cathie Wood's ARK Invest.