Mars Morning News | Ethereum Fusaka Upgrade Causes Blob Base Fee to Surge by 15 Million Times

Two Bitcoin wallets dormant for 13 years transfer 2,000 BTC to new wallets

According to Onchain Lens monitoring, after being dormant for more than 13 years, two Bitcoin OG wallets have transferred 2,000 BTC worth $178.29 million to new wallets. These Bitcoins are Casascius physical Bitcoins minted by Mike Caldwell between 2011 and 2013.

Cloudflare: Today’s outage was not caused by a cyberattack, total impact lasted about 25 minutes

On December 5, Cloudflare released a summary of the outage, stating that the incident caused about 25 minutes of impact. The outage was not caused by a cyberattack.

CoinShares: DAT bubble has largely burst, improved macro environment may support the market

James Butterfill, Head of Research at crypto asset management firm CoinShares, stated in a report that the Digital Asset Treasury (DAT) bubble has largely burst. Some companies traded at 3 to 10 times market cap to net asset value (mNAV) in the summer of 2025 have now fallen to about 1x or lower. The trading model that once viewed token treasuries as growth engines has undergone a dramatic correction. The future performance of these companies depends on market behavior: either price drops trigger disorderly selling, or companies maintain their positions and wait for a rebound. If the macro environment improves and a rate cut occurs in December, this will support cryptocurrencies.

Ethereum Fusaka upgrade causes blob base fee to soar 15 million times

Liquid Capital posted on X: “After the Ethereum Fusaka upgrade, the blob base fee surged 15 million times. The core reason is that EIP-7918 introduced a ‘floor mechanism’ for blob fees—previously, there was no minimum for the blob fee, which was long stuck at 1 wei (almost free), causing nodes to bear KZG verification costs without reasonable returns. After the upgrade, the blob fee must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to real network costs. This design makes prices reflect actual resource consumption (preventing L2 from using network resources for free), and uses price volatility to regulate blob traffic and prevent congestion, while PeerDAS technology improves blob storage capacity. In addition, blob fees are now included in the ETH burn mechanism. It is estimated that in the future, up to 8 times more ETH may be burned, potentially contributing 30-50% of the total burn by 2026 (depending on L2 transaction volume growth).”

US consumer confidence rises slightly in December, overall sentiment remains cautious

On December 5, Joanne Hsu, Director of the University of Michigan Consumer Survey, stated that the consumer confidence index rose by 2.3 points to 53.3 in early December, a gain within the margin of error. This month’s growth was mainly concentrated among young consumer groups. While perceptions of current conditions changed little, expectations improved—notably, personal financial expectations rose 13%, with improvements seen across age, income, education, and political orientation groups. However, the December personal financial expectations index is still nearly 12% lower than at the beginning of the year. Labor market expectations improved slightly but remain relatively subdued. Consumers feel some indicators have improved slightly compared to November, but overall sentiment remains generally cautious, with high prices still being a main source of stress. Looking ahead, one-year inflation expectations fell from 4.5% in November to 4.1% in December, the lowest since January 2025 and marking four consecutive months of decline, though short-term inflation expectations remain higher than January’s 3.3%. Long-term inflation expectations fell from 3.4% in November to 3.2% in December, matching the January 2025 reading.

Polish lower house fails to overturn President’s veto of crypto asset bill

On December 5, according to Bloomberg, Poland’s lower house of parliament failed on Friday to reach the three-fifths majority needed to overturn President Duda’s veto. Prior to the vote, President Duda stated that the legislation was crucial for implementing EU crypto industry standards and national security. Although the bill passed in other parliamentary levels, the president’s veto and the lower house’s failure indicate significant obstacles in the legislative process.

LUNC briefly breaks through $0.000057, up over 80% in 24H

Market data shows LUNC briefly rose above $0.000057, currently trading at $0.0000568, with a 24-hour increase of over 80%.