Ethereum developers are preparing for the second network upgrade of 2025 to go live on the blockchain’s mainnet on Wednesday. Fusaka – a mix of the names Fulu + Osaka – consists of two upgrades performed simultaneously on the consensus and execution layers of Ethereum. The goal of the upgrade is to enable Ethereum to handle the large transaction throughput of layer 2 chains that use blockchain as a base layer.
Grayscale should convert its chain link confidence in an exchange-traded fund Tuesday. The conversion will create the first Chainlink ETF and end a journey that began in September. It will join ETFs that include the two largest cryptocurrencies, bitcoin. and ether as well as Solana And and follows less than a week after the start of his offering, the Grayscale Dogecoin Trust ETF (GDOC).
What to watch
- Cryptocurrency
- December 1: 21Shares Core XRP Trust (TOXR) is expected to begin trading on the Cboe BZX exchange.
- December 1: Ontology (ONG) activates mainnet upgrade v3.0.0, reducing ONG supply from 1 billion to 800 million, locking in liquidity, expanding issuance, and optimizing network performance.
- December 1: Qtum (QTUM) is set to undergo its second halving event, reducing mining rewards by 50%, from 0.5 QTUM to 0.25 QTUM per block.
- December 1: Starknet (STRK) enables privacy perps on mainnet with Layer 2 masking for private perps trading.
- December 2: The Grayscale Chainlink Trust ETF (GLNK) is expected to begin trading on NYSE Arca, converting the existing Chainlink trust into a spot Chainlink ETF.
- December 2, 12 p.m.: December 2: MultiverseX mainnet upgrade (EGLD) “Staking V5” activates in epoch 1951.
- December 2: The Hayabusa hard fork upgrade of VeChain (VET) activates on mainnet at block 23,414,400.
- December 3: Ethereum’s Fusaka network upgrade is activated at epoch 411392 on mainnet. Live streaming link.
- December 7: Beldex (BDX) hard fork upgrade “Obscura v7.0.0” is planned at block height 4939540 on mainnet.
- Macro
- December 1: The Federal Reserve ends quantitative tightening (QT), thereby ceasing the reduction of its balance sheet in an effort to stabilize financial markets amid tightening liquidity conditions.
- December 1, 8:00 a.m.: S&P Brazil global manufacturing PMI for November (previous 48.2).
- December 1, 9:30 a.m.: S&P Canadian Global Manufacturing PMI for November (previous 49.6).
- Dec. 1, 9:45 a.m.: U.S. Nov. (final) S&P Global Manufacturing PMI Est. 51.9.
- December 1, 10:00 a.m.: November S&P Global Manufacturing PMI in Mexico (previous 49.5).
- December 1, 10:00 a.m.: US ISM Nov. Manufacturing PMI Est. 48.6.
- December 1, 8 p.m.: speech by Federal Reserve Chairman Jerome H. Powell. Watch live.
- December 2, 10 a.m.: Speech by Michelle W. Bowman, Federal Reserve Vice Chair for Supervision. Watch live.
- December 3, 8:00 a.m.: Brazil Nov. S&P Global PMI. Services (previous 47.7), composite (previous 48.2).
- December 3, 8:15 a.m.: change in ADP employment in the United States in November (previous 42,000).
- December 3, 9:30 a.m.: Canada November S&P Global PMI. Composite (previous 50.3), services (previous 50.5).
- December 3, 9:45 a.m.: US S&P Global PMI index (final) for November. Composite East. 54.8, East Services. 55.
- December 3, 10 a.m.: US ISM services PMI for November (previous 52.4).
- December 4, 7 a.m.: Brazil’s GDP growth rate in the third quarter. QoQ (previous 0.4), YoY (previous 2.2).
- December 4, 8:30 a.m.: US initial jobless claims for the week ended November 29 (previous 216,000), continuing jobless claims for the week ended November 22 (previous 1,960,000).
- December 4, 12 p.m.: Address by Michelle W. Bowman, Federal Reserve Vice Chair for Supervision.
- December 5, 7:00 a.m.: Brazil Oct. PPI. YoY (previous -0.4), MoM (previous -0.25%).
- December 5, 8:30 a.m.: November unemployment rate in Canada (previous 6.9%).
- December 5, 10 a.m.: December American survey (preliminary) from the University of Michigan. Consumer confidence index (previous 51); Inflation expectations (previous 4.5%).
- December 5, 10:00 a.m.: September PCI Price Index in the United States. Title YoY Est. 2.8%, monthly estimate. 0.3%; Core YoY Est. 2.9%, monthly estimate. 0.2%.
- Earnings (estimates based on FactSet data)
- December 1: Cango (CANG), post-market.
- December 2: Forward Industries (FWDI), post-market.
Token Events
- Votes and calls on governance
- Lido DAO votes to allow the conversion of unused Treasury stablecoins into yield-producing sUSDS or tokenized money market funds (TMMF) to generate income. Voting closes on December 1.
- GMX DAO votes to approve a budget to compensate members of its newly elected governance, listing and security committees for their work over the next six months. Voting closes on December 1.
- Decentraland DAO is voting on a proposal to commission an independent audit of Regenesis Labs by community member “Maryana” to address concerns about the use and transparency of funds. Voting closes on December 2.
- Arbitrum DAO votes to elect the final three members of the AGV 2026 Council from a pool of six candidates. Voting closes on December 4.
- The Rootstock Collective votes to establish and grow the Rootstock Community (RSK) in Ghana. This initiative aims to promote the adoption of the Bitcoin sidechain by onboarding new users and training local developers. Voting closes on December 4.
- Aavegotchi DAO votes to elect a new director for its founding company following the resignation of the current directors. Voters can choose between two candidates or vote to appoint both to ensure compliance with the law and operational continuity. Voting closes on December 6.
- Unlocks
- December 1: to unlock 1.19% of its circulating supply worth $68.07 million.
- December 1: to unlock 10.79% of its circulating supply worth $23.07 million.
- December 2: to unlock 0.58% of its circulating supply worth $11.77 million.
- December 10: to unlock 6.76% of its circulating supply worth $14.63 million.
- Token Launches
- December 1: Giggle Academy will see 50% of all trading fees collected on GIGGLE pairs on Binance returned to it and partially burned.
- December 4: Alpha Partners’ cross-chain bridge and decentralized exchange go live.
- December 5: to burn 90% and distribute 10% of tokens purchased during the month to ezREZ stakers.
Conferences
