December 5, 2025 Summary of the Top 10 Hot Events in the Cryptocurrency World

ETH "Fusaka" Upgrade Implementation, Vitalik Issues a Call

Event: Ethereum mainnet has completed the "Fusaka" upgrade (including PeerDAS functionality), aimed at significantly reducing L2 costs. Vitalik publicly praised this as a milestone of "scaling without degradation."

Black Review: Has Ethereum finally stopped being a "noble chain"? The L2 battle escalates, focusing on the cost changes of Arbitrum and Optimism, while ETH price remains firm above $3,150, and the exchange rate shows signs of rising.

The entire network experienced liquidations of $320 million, with many armies suffering heavy losses.

Event: Influenced by last night's U.S. stock market and macro data, BTC briefly dropped below $92,000, leading to over 100,000 liquidations within 24 hours across the network, totaling approximately $320 million.

Black comment: The pinning market has arrived, albeit late. The contract party is trembling, while the spot party remains idle. After this round of deleveraging, the market may become healthier.

Sun Yuchen @SunYuchen 350 million

Event: Justin Sun celebrates on Twitter that the TRON network accounts have surpassed 350 million, hinting at TRON's dominance in the payment and stablecoin sectors.

Black comment: Regardless of whether you like Sun Ge or not, the data for TRON is indeed there. Is he going to 'save' someone again on Twitter?

Binance Dubai Blockchain Week concludes, CZ @CZ BNB100 sends signals.

Event: The two-day Binance Blockchain Week in Dubai has concluded, with speeches from CZ and Richard Teng emphasizing compliance and the potential of the Middle Eastern market.

Black comment: Dubai has become the new crypto Mecca. The trend is clear: compliance is the ticket to the next bull market, and projects without compliance should be cautious.

Solana shows weakness, but institutions are bottom-fishing?

Event: Solana's price hovers around $140, with a noticeable pullback from the year's peak, underperforming ETH. However, publicly listed company Forward Industries has announced a shift towards a SOL treasury strategy, starting to accumulate SOL.

Black comment: Although SOL's on-chain projects have cooled by half, are institutions starting to buy SOL like BTC? This could be a long-term signal; don't just focus on the bearish outlook.

MEME, or 'shitcoin', season is warming up: Fartcoin and SPX go against the market.

Event: While mainstream coins are correcting, on-chain MEME coins have shown localized hotspots. Fartcoin, SPX6900, and the penguin concept coin PENGU have risen against the market trend, attracting a lot of speculative funds.

Black comment: Mainstream coins are falling, and shitcoins are flying everywhere. This kind of market tests hand speed the most; brothers rushing into shitcoins remember to enter and exit quickly, don’t fall in love.

Trump family project WLFI shows on-chain activity.

Event: World Liberty Financial (WLFI) project transferred 250 million tokens (approximately 40 million USD) to market maker Jump Crypto from its multi-signature address.

Black comment: Is this a setup or a sell-off? The Trump concept is strong, but such large transfers usually come with significant volatility; those holding WLFI should be aware of the risks.

The probability of the Federal Reserve lowering interest rates in December rises to 87%.

Event: Latest macro data shows that the market anticipates a nearly 90% probability of the Federal Reserve lowering rates by 25 basis points this month.

Black comment: Expectations for macro easing remain, and even if there is a correction in this year-end market, it is likely to be for better gains. Hold onto your chips.

Europol dismantles a 700 million euro crypto fraud gang.

Event: Europol announces the dismantling of a crypto fraud network that laundered over 700 million euros, seizing a large amount of assets.

Black comment: Regulatory crackdowns are hitting hard. Although this is a short-term negative (capital outflow), in the long run, clearing out fraudulent funds is beneficial for industry normalization.

http://Binance.US @BinanceUS332 has been frequently making new moves.

Event: Binance US recently launched Peanut the Squirrel (PNUT) and First Neiro (NEIRO), sparking market speculation about the global liquidity increase for these tokens.

Black comment: Although the effect of the exchange is weakening, Binance's recognition remains a significant hurdle for MEME coins. Pay attention to the subsequent trends of these two coins.