Must-watch items next week: Ethereum to undergo Fusaka upgrade; Aztec to launch token sale (December 1-7).
Key Highlights for Next Week
December 1
Aster Stage 3 airdrop information will be available on December 1st ;
December 2
Aztec will launch its token sale on December 2nd, with a valuation of $350 million ;
December 3
Dark pool DEX HumidiFi has confirmed that its token will be launched on December 3rd via Jupiter ;
December 4
Ethereum's next major upgrade, Fusaka, is scheduled to launch on December 4th .
Here is a preview of more noteworthy events in the industry from December 1st to December 7th.
December 1
According to Odaily Planet Daily, Arthur Hayes posted on the X platform that liquidity has improved slightly, and the Federal Reserve's quantitative tightening (QT) policy will end on December 1st, with this Wednesday potentially marking the final decline in the balance sheet. Furthermore, US banks increased lending in November. He believes that Bitcoin's price will fluctuate below $90,000, possibly testing the lower end of the $80,000 range again, but the $80,000 support level will hold.
Aster Stage 3 airdrop information will be available on December 1st.
According to Odaily Planet Daily, the Aster Stage 3 airdrop search will open on December 1, 2025, and the airdrop collection will begin on December 15.
According to Odaily Planet Daily, dYdX posted on the X platform that the project's management is considering implementing a one-month liquidation fee refund pilot program starting December 1, 2025. The proposal suggests using a points system to reward traders who are liquidated, with $1 million worth of DYDX reportedly being used for the refunds.
GiggleFund: Starting December 1st, every GIGGLE transaction on Binance will reduce the token supply.
According to Odaily Planet Daily, GiggleFund announced on the X platform that starting December 1st, 50% of the transaction fees for all GIGGLE trading pairs on Binance will be converted into GIGGLE and donated to Giggle Academy, with some tokens burned. This means that every transaction will reduce the token supply, creating a virtuous cycle of donations and token burning, thus achieving a positive flywheel mechanism.
December 2
Aztec will launch its token sale on December 2nd, with a valuation of $350 million.
Odaily Planet Daily reports that Aztec, a privacy-focused blockchain project, announced on the X platform that it will conduct a public sale of AZTEC tokens from December 2nd to December 6th. This sale will be conducted via on-chain continuous liquidation auction (CCA), with a starting fully diluted valuation (FDV) of $350 million, representing a discount of approximately 75% from the previous valuation. Participation is open to US users.
The total supply of AZTEC tokens is 10.35 billion. This round of token sales accounts for 21.96%, approximately 2.273 billion tokens, including the public auction, Uniswap V4 liquidity pools, genesis orderer sales, and Bilateral reservations. The remaining tokens are allocated as follows: investors and early supporters 27.26%, team 21.06%, foundation 11.71%, ecosystem grants 10.73%, future incentives 4.89%, and Y1 network rewards 2.41%.
December 3
Dark pool DEX HumidiFi has confirmed that its token will be launched on December 3rd via Jupiter.
Odaily Planet Daily reports that HumidiFi, a dark pool DEX, officially announced on X that its token WET will be launched on December 3rd through Jupiter's decentralized token generation (DTF) platform.
December 4
Ethereum's next major upgrade, Fusaka, is scheduled to launch on December 4th.
According to Odaily Planet Daily, Ethereum Foundation researchers have officially set a date for its next mainnet hard fork (codenamed "Fusaka"). During a core developer call on Thursday, Ethereum Foundation researchers stated that Fusaka will launch on December 3rd (expected to be released in the early morning of December 4th Beijing time).
Developers had been aiming for this date since at least mid-September. Fusaka launched on the Hoodi testnet this Tuesday, marking the final step towards mainnet activation. Earlier this month, it was successfully deployed on the Holesky and Sepolia testnets.
This backward-compatible Fusaka hard fork will implement approximately a dozen Ethereum improvement proposals to enhance the sustainability, security, and scalability of the base chain and its surrounding Layer 2 ecosystem. Most notably, Fusaka will implement Peer-to-Peer Data Availability Sampling (PeerDAS), a technology that simplifies validators' access to data. PeerDAS was initially planned for Ethereum's last major upgrade (Pectra in February) but was delayed due to the need for testing. Fusaka will also increase Ethereum's block gas cap from 30 million units to 150 million units, and is expected to rapidly double block capacity. (The Block)
According to an official announcement, to ensure the smooth progress of the Ethereum (ETH) network upgrade and hard fork, deposit and withdrawal services for Ethereum (ETH), Xlayer (OKB), Arbitrum (ARB), Optimism (OP), Base (BASE), Starknet (STRK), zkSync Era, Linea, Unichain, and other related tokens within the OKX network will be suspended at 05:30 (UTC+8) on December 4, 2025. After the upgrade is completed, OKX will reopen the deposit and withdrawal services for the aforementioned tokens once the network is stable, without further notice.
Binance will delist several margin trading pairs on December 4th.
According to an official announcement, Binance Margin will remove several cross-margin and isolated margin trading pairs, including WAXP/BTC, SXP/BTC, and ONT/BTC, at 06:00 (UTC) on December 4, 2025. Binance will suspend lending for these isolated margin trading pairs at 06:00 (UTC) on December 2, and will close user positions, perform automatic settlement, and cancel all pending orders at 06:00 (UTC) on December 4.
December 5
According to Odaily Planet Daily, information from the U.S. Bureau of Economic Analysis (BEA) indicates the following data release schedules affected by the U.S. government shutdown: The preliminary GDP estimate for the third quarter of 2025 has been cancelled and was originally scheduled for release on October 30. The September PCE (Personal Consumption Expenditures) and Personal Income reports will be released at 10:00 AM (Beijing time) on December 5, originally scheduled for October 31.
According to an updated statement from Upbit this afternoon, the amount of assets leaked related to the Solana network has been revised from 54 billion won to 44.5 billion won (approximately US$30.43 million); the amount of funds frozen on the Solana network has been revised from approximately 12 billion won to approximately 2.3 billion won (approximately US$1.57 million).
Furthermore, according to South Korean media outlet BlockMedia, following the Upbit security incident, the Financial Supervisory Authority's Virtual Asset Supervision Bureau immediately launched an on-site inspection of the platform. The Financial Supervisory Authority stated, "We are aware of the hacking incident and are currently investigating the details of the attack, the extent of the damage, and the measures taken to protect customer assets. We expect to continue the on-site inspection until next Friday (December 5th)."
December 6
None available
December 7
None available
Other (specific time to be determined)
Following the domain hijacking, Aerodrome expects the domain to be migrated and reopened next week.
According to Odaily Planet Daily, Aerodrome disclosed that in a previous domain hijacking attack on the protocol, the attack was completely mitigated in less than 4 hours, and the user lost approximately $700,000.
Reportedly, major wallets such as MetaMask and Coinbase Wallet began displaying warnings within two minutes of the first malicious transaction being detected. Losses were limited to users who connected and signed transactions while the malicious website was active.
The team is currently working with security consultants and business registrars, and the domain is expected to be migrated and reopened next week. In addition, the Aero and Velo Foundations are developing plans to provide affected users with compensation proportional to their losses.
According to official sources, Theoriq, a decentralized artificial intelligence and Web3 company, announced that it will launch its token THQ at the December TGE (specific date to be determined), with a total supply of 1 billion tokens.
- 核心观点：下周加密市场迎来多项重要事件。
- 关键要素：
- 以太坊Fusaka升级12月4日上线。
- Aztec代币销售估值3.5亿美元。
- 美联储QT停止利好流动性。
- 市场影响：可能推动市场活跃度和币价波动。
- 时效性标注：短期影响
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