Ethereum Fusaka Upgrade Set for Dec. 3 as Bitcoin Tops $110K

Q3 results show mixed performance as Strategy’s profit drops and Bitcoin accumulation slows, while Coinbase grows revenue and profit alongside Ethereum’s impending upgrade and potential XRP ETF listing.

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41d ago

Summary

Strategy reported a Q3 net profit of $2.8 billion, reflecting a slowdown in Bitcoin accumulation. Coinbase achieved $433 million in net profit from $1.9 billion in revenue and added $299 million worth of Bitcoin to its holdings. Ethereum’s Fusaka upgrade remains scheduled for December 3, and an XRP ETF listing could occur on November 13. These developments come as Bitcoin trades above $110,000 and $1.134 billion in positions were liquidated within 24 hours.

Terms & Concepts

Fusaka Upgrade: An upcoming Ethereum network upgrade scheduled for Dec. 3, aimed at enhancing functionality or performance.
Liquidation: The forced closure of trading positions as collateral falls below required maintenance margins.
ETF: An exchange-traded fund, a regulated investment vehicle traded on stock exchanges, which can hold assets like stocks, commodities, or cryptocurrencies.