Crypto News. December 4, 2025
Polymarket’s US app launched Wednesday for waitlist users, marking its return to America since the CFTC banned it in early 2022
Ethereum’s Fusaka upgrade deployed successfully. It introduces, PeerDAS (EIP-7594) which allows validators to sample data segments instead of downloading full blobs, enabling higher blob throughput without increasing node bandwidth, enabling 8x data throughput for L2s, Block gas limit increases by 33% to 60M gas, etc
Ostium Labs raised $24M, Series A led by General Catalyst and Jump Crypto for their Arbitrum-based perp DEX trading stocks, commodities, forex, and crypto.
Solana mobile plans to launch on January 2026, with 10 billion total supply and 30% for airdrop and unlock
Franklin Templeton launched its Solana ETF (ticker: SOEZ) on NYSE Arca Wednesday, adding to its crypto product lineup. The fund includes staking rewards.
Kinetiq launched Markets on Hyperliquid, a 24/7 onchain trading platform for perps, stocks, commodities, and global markets with ultra-low latency and 200K TPS. It Introduces kmHYPE, the first exLST capturing Markets revenue. Fixed supply of 888,888, only $KNTQ holders can mint (FCFS Dec 8), and kmHYPE holders receive 10% of all Markets revenue
Firelight launched an XRP staking protocol on Flare issuing stXRP, a liquid token for a DeFi insurance model
Axis raised $5M led by Galaxy Ventures to launch an onchain yield protocol for USD, bitcoin, and gold. Backers include OKX Ventures, CMT Digital, FalconX, GSR, Maven 11, CMS Holdings, and Aave’s Marc Zeller.
Haiku formerly Mozaic closed a $1M pre seed round led by BigBrain VC
