Ethereum’s Hoodi Fork Success Sets Stage for Fusaka Upgrade
Ethereum's Hoodi hard fork was successfully completed on October 28, marking a pivotal milestone in the network's roadmap toward the highly anticipated Fusaka upgrade. This smooth implementation, verified by Nethermind's execution client, underscores Ethereum's technical robustness and commitment to continuous improvement. The Fusaka mainnet activation is scheduled for December 3, with a phased rollout expected to continue through early 2026. This upgrade is poised to significantly enhance Ethereum's scalability, security, and efficiency, further solidifying its position as a leading smart contract platform. The successful execution of the Hoodi fork demonstrates the ethereum community's ability to coordinate complex technical upgrades, reinforcing confidence in the network's long-term growth trajectory.
Ethereum's Hoodi Fork Successfully Completed, Paving Way for Fusaka Upgrade
Ethereum's Hoodi Fork has been successfully implemented as of October 28, marking a critical step toward the network's upcoming Fusaka upgrade. The seamless activation, confirmed by Nethermind's execution client, demonstrates Ethereum's continued technical evolution.
The Fusaka mainnet activation is scheduled for December 3, with phased rollouts extending through early 2026. This upgrade aims to enhance scalability, security, and cost-efficiency across the Ethereum ecosystem.
Ethereum's price shows renewed strength at $4,016.21, rebounding from a recent test of support NEAR $4,050. The successful Hoodi implementation removes one of the final technical hurdles before Fusaka's deployment.
Coinbase’s X402 Agentic Payments Network Aims to Revolutionize Global Payments by 2030
Coinbase's newly unveiled X402 Agentic Payments Network could disrupt the global payments landscape by enabling faster, cheaper transactions through stablecoins and smart contracts. Emerging markets, long burdened by exorbitant international transfer fees, stand to benefit significantly from this web-native protocol.
The digital payments sector, projected to exceed $361 billion by 2030 according to Grand View Research, may face accelerated transformation. X402's architecture allows AI agents and dApps to transact seamlessly across compatible platforms, with Base and MegaETH cited as ideal low-fee networks for execution.
This initiative positions Coinbase at the forefront of payment innovation, challenging legacy financial infrastructure through blockchain-native solutions. The protocol's potential lies in its ability to merge Web2 accessibility with Web3 efficiency, creating a hybrid system for mainstream adoption.
Dormant Ethereum ICO Wallet Awakens, Transfers $6M ETH to Kraken After 8 Years
A long-inactive Ethereum wallet linked to the 2014 initial coin offering has abruptly resurfaced, moving 1,500 ETH worth approximately $6 million to Kraken exchange. The wallet, dormant since January 2018, originally held 20,000 ETH acquired at $0.31 per token during Ethereum's genesis distribution.
On-chain analysts highlight this as part of a broader trend of early investors reactivating wallets amid Ethereum's renewed market strength. The transfer marks one of the most substantial movements from Ethereum's ICO era, with the investor realizing astronomical gains from the initial $6,200 investment.
Ethereum's 2014 ICO remains a watershed moment in cryptocurrency history, having distributed tokens that now represent billions in market value. Such movements from genesis wallets often signal shifting sentiment among crypto's earliest adopters.
Consensys Files for IPO Amid Crypto Market Volatility
Consensys, the parent company of MetaMask, has filed for an initial public offering (IPO) with JPMorgan and Goldman Sachs leading the deal. The move comes as Ethereum's largest firm positions itself as a crypto consumer super app, leveraging MetaMask's 30–35 million monthly active users. The filing follows MetaMask's recent decision to discontinue its rewards program, signaling a strategic shift toward public markets.
Meanwhile, crypto majors slid 2-3% after Federal Reserve Chair Jerome Powell cast doubt on a December rate cut. The market reaction underscores the sensitivity of digital assets to macroeconomic signals. Mastercard's planned acquisition of Zero Hash for up to $2 billion highlights growing institutional interest in crypto infrastructure.
In fundraising news, MegaETH's public ICO drew $1.25 billion—25 times oversubscribed—demonstrating robust demand for blockchain scaling solutions. Jack Dorsey's BitChart unexpectedly topped Jamaica's app rankings during hurricane disruptions, proving decentralized social media's resilience.
Ethereum Faces Bearish Pressure After Failing to Reclaim $4,200 Resistance
Ethereum's price struggles to regain momentum after a sharp rejection from the critical $4,200 resistance level. The failure to breach this threshold has shifted market sentiment, with traders now eyeing the next major support at $3,437. High-volume selling at the resistance zone suggests a potential consolidation phase between these two price points before any decisive breakout.
Technical indicators reveal weakening structure, as ETH breaches the value area low—a signal of growing bearish dominance. The 6-hour chart shows clear momentum loss, with liquidity likely to be tested near the $3,437 support. Market participants anticipate range-bound action before the next directional move, as Ethereum's price action mirrors broader crypto market caution.
Ethereum Faces Divergent 2025 Outlook as Presale Projects Gain Traction
Ethereum hovers below $4,000 amid sharply divided trader sentiment. Polymarket data reveals equal 36% probabilities for ETH reaching either $5,000 or retreating to $3,000 by year-end, with only 18% betting on a $6,000 breakout. The uncertainty reflects broader market fatigue despite institutional accumulation and ETF inflows signaling long-term confidence.
Three presale projects are capturing attention as alternatives. The first has raised $16.7 million for an AI-powered Web3 wallet with integrated DeFi access. Another merges meme coin virality with substantive 80% APY staking rewards. A third bridges traditional and decentralized finance, tokenizing ETFs and bonds while securing $10 million in funding as institutional demand for real-world asset projects intensifies.
