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Crypto's back on its feet

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Plus: Ethereum's kitchen got a major expansion

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GM. We plucked today's headlines straight from the vine so you don't have to go picking yourself.

Here's what's ripe and ready:

🍍 Crypto's comeback arc;

🚇 Ethereum expands its blocks;

🍋 Australia eyes stricter crypto exchange regs, Conor McGregor slams Khabib's NFT + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.10T 3.27% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $91,391.71 4.17% 4.40%
Ethereum Ethereum ETH $3,017.44 2.54% 6.29%
XRP XRP XRP $2.21 1.02% 10.48%
BNB BNB BNB $893.60 2.16% 1.84%
Solana Solana SOL $142.11 3.63% 6.99%
Prices as of 12:00 PM EST. Click here to see live data.

The market woke up this morning, cracked its neck, and said, "Aight… nuff of that."

Bitcoin popped back over $90K, and everyone's pretending they weren't bearish 2 days ago.

This comeback came with a clean lil' reveng revenge arc - after getting dragged earlier this week, Bitcoin pulled off a squeeze that wiped out over $220M in shorts in the past 24 hours.

Bitcoin price chart from BitDegree, 11-27

Source: BitDegree

And this wasn't strictly a Bitcoin comeback story.

While BTC was busy squeezing shorts, a new cast of characters stepped into the spotlight: altcoin ETFs.

These new products - XRP, SOL, DOGE, etc. - had more than $350M in cumulative inflows, even while some Bitcoin ETFs kept leaking.

The market responded instantly: ETH climbed back above $3K, SOL added a few percent, and even quieter names caught a bit of a bid.

Nothing crazy, but just enough to show there's real interest forming.

Ethereum ETF flows table

Source: Farside Investors

Layer that on top of a macro vibe change - rising odds of a December rate cut (at ~86%) + a little pre-holiday risk-on energy - and suddenly the whole space feels lighter.

So yeah, crypto's back on its feet - a little shaky, a little chaotic, but definitely alive.

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🫢 3K Bits up for grabs?! Say less

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🥝 Memecoin harvest

Memecoins flipping more than an acrobat at a circus 🤸

Data as of 09:33 AM EST.

Check out these memecoins and plenty more here.

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🚇 Ethereum expands its blocks

Lately, Ethereum kinda felt like a packed restaurant during dinner rush. Orders piling up, gas fees spiking, everyone hoping their transaction didn't get dumped in the "we'll get to it when we get to it" pile 🍽️

But this week, the chefs said: "We gotta expand the kitchen."

Ethereum's validators pushed an upgrade to raise the block gas limit - the total "workload" a block can handle - from 45M to 60M.

Over half a million validators signal a gas limit of 60 million. Source: GasLimit.Pics

Source: GasLimit.Pics

A higher gas limit means each block can fit more transactions, whether that's token transfers, smart-contract calls, or someone minting their 12th "experimental art" NFT.

More room in the kitchen = fewer orders backed up = fewer customers screaming at the waiter about gas prices 🍝

And the vibe from Ethereum co-founder Vitalik Buterin's comments is that this is just the warm-up.

Source: Vitalik Buterin

Source: Vitalik Buterin

So yeah, maybe tonight's meal actually comes out on time.

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🍋 News drops you can't miss

🇦🇺 Australia wants crypto exchanges and digital asset custodians to get an AFSL. If this passes, they'll have to stick to the country's regular financial rules too.

🥊 Conor McGregor's not impressed with Khabib Nurmagomedov's NFT launch featuring the 'papakha' hat and his dad's image. He's accusing Khabib of using cultural and personal stuff to cash in on digital collectibles.

👁️‍🗨️ Thailand told Worldcoin to delete 1.2M+ iris scans from locals because they didn't get proper consent. Officials say people traded their biometric data for tokens, and that just doesn't fly with Thai privacy law.

🔒 Vitalik Buterin put $760K toward making encrypted messaging more private. He's pushing for easy account setup without approvals and better ways to hide metadata.

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🍌 Juicy memes

Meme about addressing male loneliness through technology and workspaces.

Source: @CryptoMemes

Meme about the contrast between traditional adulting and modern lifestyle choices.

Source: @0xgaut

Meme about contrasting mental health struggles and cryptocurrency success.

Source: @BillyM2k

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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