Ethereum News. Dec 1, 2025
Yearn Finance’s yETH pool was exploited for about $9M after an attacker minted near-infinite yETH to drain the pool, laundering $3M through Tornado Cash while $6M remains in their wallet. With support from the Plume and Dinero teams, 857.49 pxETH (~$2.39M) has been recovered. Recovery efforts are ongoing, and all Katana V3 vaults remain unaffected.
Amundi, Europe’s largest asset manager with €2.2T AUM, quietly launched a tokenized fund on Ethereum on November 4th, announcing it weeks later.
Uniswap has deployed its UNIfication contracts (contract for the Uniswap Activate Fee Switch) to Ethereum mainnet and launched one of DeFi’s largest bug bounties, up to $15.5M for critical Protocol Fees vulnerabilities.
Vitalik advises building on ETH L1 amid cheaper fees
ETH’s anticipated Fusaka upgrade to officially go live on December 3 at 21:49:11 UTC
Tom Lee’s Bitmine bought 96,798 ETH ($273M) last week and now holds 3.73M ETH worth about $11.52B.
Coinbase launched a low-fee x402 facilitator for instant USDC micropayments in apps and AI agents, charging $0.001 fee once devs exceed the free usage tier.
The Ethereum Foundation released OpenAC, a new zero-knowledge credential system that makes private, verifiable digital IDs practical, fast on mobile, requires no special setup, works with current identity tools, and meets European privacy standards.
