Daily Market Wrap | Dec. 04

Hot Topics

• Ethereum activates Fusaka upgrade on Dec 3, 2025, via PeerDAS to slash node costs and accelerate L2 settlements.
• Bitcoin surging 8% from Monday lows to above $93,000 (highest in two weeks).
• Entrée Capital launches $300M fund targeting AI agents, DePIN, and regulated Web3 infrastructure for early-stage crypto investments.

Market Updates

• Polymarket opens US app to waitlist users from Dec 3, 2025.
• Axis raises $5M led by Galaxy Ventures for onchain yield protocol targeting USD, Bitcoin, and gold.