Ethereum rose above $3,000 on December 3 following the activation of its Fusaka mainnet upgrade. The fork introduces PeerDAS technology and doubles block gas capacity, laying groundwork for expanded blob throughput. ETH trades near $3,070 after breaking through a descending trendline that had limited gains since late October.

Ethereum's Fusaka upgrade activates on December 3, introducing EIP-7594 (PeerDAS) to enhance rollup data verification and reduce bandwidth requirements. Open Interest stands above $17 billion with slightly positive Funding Rates, though ETH trades near $3,000 following a 43% decline. Network throughput recently hit an all-time high of nearly 33,000 TPS.

XRP drew $289 million in weekly inflows, one of its strongest performances on record, according to CoinShares data. Digital asset exchange-traded products collectively recorded $1.07 billion in net inflows, reversing four consecutive weeks of outflows. The influx signals renewed institutional engagement across major crypto assets.

YZi Labs, the investment firm associated with Binance co-founder Changpeng Zhao, has filed a consent statement with the SEC seeking to reshape the board of CEA Industries (BNC), a publicly-traded company managing a substantial BNB treasury. The firm is requesting shareholder support to expand the board, install its own nominees, and reverse recent bylaw changes. BNC's treasury holds between 480,000 and 515,000 BNB tokens valued at approximately $412 million.

XRP has climbed above its 9-day and 20-day exponential moving averages following a consolidation period, signaling renewed buying interest. The token now confronts a resistance cluster between $2.19 and $2.24, where order-book data reveals sell walls exceeding $413,000 USDT at $2.20. Support remains anchored near $2.14, with bid walls totaling nearly $1 million USDT providing downside protection.

Cardano displays strengthening momentum as retail and institutional sentiment turn positive while the asset tests channel support. Taker Buy CVD data indicates sustained buyer aggression over a 90-day period. Binance top traders hold nearly 70% long positions, suggesting growing confidence in a potential rebound from the $0.37 support zone.

Ethereum has dropped below $2,800 following a sharp decline, triggering widespread concern across the market. Open interest on Binance has collapsed by more than half over three months, according to a CryptoQuant report by Darkfost. After peaking at $12.6 billion on August 22, open interest has fallen to $6.2 billion, representing a 51% contraction and the elimination of nearly $6.4 billion in derivative positions.

Major XRP holders accumulated 48 billion tokens, reaching a seven-year high, while wallets holding over 100 million tokens declined 20.6% in eight weeks, according to Santiment data. XRP traded at $2.02, down 8.42% weekly, as technical indicators maintained bearish momentum. Large-order activity sustained for 30 consecutive days, with buy orders dominating market execution for three straight weeks.