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Quick Take Summary is AI generated, newsroom reviewed. Ethereum’s Fusaka upgrade is now live on the Hoodi testnet for testing. Mainnet launch is scheduled for December 3, 2025, with improved security and scalability. Key features include PeerDAS, increased blob capacity, and network stability improvements. Users can expect faster transactions, lower fees, and a more reliable Ethereum network.References Ethereum's Fusaka fork goes live on Hoodi testnet, setting the stage for Dec. 3 mainnet launch with secur
Quick Take Summary is AI generated, newsroom reviewed. Ethereum price analysis shows ETH rebounded from the $3,900 support zone ahead of the FOMC meeting. ETH market sentiment remains cautiously optimistic as traders await Powell’s tone. The FOMC meeting impact could determine whether Ethereum breaks above $4,100 or consolidates further. Will Powell’s tone spark another rally? Explore today’s Ethereum price analysis and what’s driving market sentiment.References $ETH had a sharp correction yesterday but bo
AI is shifting from being a "research tool" to becoming a "frontline trader." So, how do they think?
Stablecoins, acting as "narrow banks," are quietly absorbing liquidity and reshaping the global financial architecture.
This time, there are more super political action committees, and some have taken clearer stances in aligning with Republican candidates.
Binance has teamed up with BNB Chain to support its top "flagship project."
Although the Solana ETF has been launched, network revenue trends are declining. Jito is at the intersection of new capital inflows and microstructure improvements.
Stablecoins Reshape Global Financial Architecture by Embracing a “Narrow Banking” Model to Absorb Liquidity
- 11:34Phoenix Group Releases Q3 Report: Holds 682 BTC and 642,000 SOLJinse Finance reported that Abu Dhabi-based bitcoin mining company Phoenix Group released its Q3 2025 report, which disclosed a mining output of 305.5 BTC for the third quarter, representing a 31% increase compared to the second quarter. As of the end of September, the company held 682 BTC and 642,000 SOL, with revenue rising 10% quarter-on-quarter to $32 million.
- 11:34Bitcoin mining company TeraWulf to raise an additional $500 million through the issuance of convertible senior notesJinse Finance reported that Nasdaq-listed bitcoin mining company TeraWulf announced it will raise an additional $500 million through the issuance of convertible senior notes, and has also granted initial purchasers an option to buy up to $75 million in convertible bonds. The new funds will be used for data center construction and general corporate purposes.
- 11:34Metis launches integrated ecosystem development, fully optimizing its tokenomics to promote collaborative growth among ecosystem projects.BlockBeats News, October 29, Metis announced the launch of its ecosystem integration strategy upgrade, incorporating the settlement layer Andromeda, high-performance computing layer Hyperion, AI application layer LazAI, zero-knowledge proof layer ZKM, and Bitcoin L2 exploration layer GOAT into a unified architecture to promote collaborative development within the ecosystem. This marks its transition from the layered construction phase to a new cycle of ecosystem synergy. According to the official governance proposal, Metis will optimize its token economic model through three key mechanisms: 1. Establish METIS as the native gas token for the LazAI network, with all AI inference and on-chain computation consuming METIS; 2. Reduce the mining reward rate for the decentralized sequencer (DSeq) to 15% to enhance economic sustainability; 3. Set up an Ecosystem Growth Reserve (EAGR) accounting for 20% of the total supply, to be used for validator incentives, liquidity support, and cross-layer collaborative development. The proposal does not change the total token supply cap. The EAGR will be released in phases as needed, and the overall implementation will take place within approximately four weeks after community voting approval. This adjustment aims to strengthen the long-term value foundation of METIS by enhancing utility and optimizing the distribution mechanism without increasing token issuance. Community voting will begin at 1:00 (UTC+8) on October 30 on the Snapshot platform and end on November 3. Metis sincerely invites global community members to participate in this ecosystem evolution, with specific participation details to be announced soon.