Crypto Market News Today [LIVE] Updates 4th Dec: Ethereum Fusaka Upgrade, ETH ETF inflows, ETH Price Today

Connecticut has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, accusing them of running unlicensed online sports betting through event-based contracts. The state says these products count as sports wagering and cannot be offered without approval. All three firms were told to immediately stop promoting or providing these services to residents. Kalshi and Robinhood argue their contracts are federally regulated by the CFTC, not state gambling laws, setting up a regulatory dispute over how such products should be classified.

Bitcoin is unlikely to face another deep correction like 2022 as long as Strategy keeps holding its 650,000 BTC. With Bitcoin now about 25% below its all-time high, any future pullback may look more like a long sideways phase than a major crash. The report adds that Bitcoin has stronger liquidity channels compared to past cycles, suggesting long-term holders should stay patient and avoid panic selling.

Ethereum’s major Fusaka upgrade is live today, bringing big improvements to speed and network capacity. The update increases block space, makes data checks lighter for nodes, and helps reduce congestion caused by Layer-2 networks. This means faster confirmations, steadier gas fees, and cheaper L2 transactions for everyday users. Fusaka also allows rollups like Base and Arbitrum to scale more easily, which can increase overall activity on Ethereum. Analysts say the upgrade could strengthen ETH’s long-term demand.

Ethereum rose to $3,215 as mid-sized investors holding 1,000–10,000 ETH increased their buying. Data from Santiment shows a sharp rise in new activity on the network, with 190,000 new wallets created in a single day. This jump in demand and fresh user growth is giving Ethereum a solid boost after a slow week. Analysts say continued wallet accumulation could help support the price in the coming days.