Vitalik says ETH will adjust its gas strategy; Naver acquires Upbit's parent company.

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▌Vitalik Proposes Targeted Gas Adjustment Strategy for Ethereum's Future

Ethereum co-founder Vitalik Buterin stated on social media that Ethereum will continue to grow, but will adopt a more targeted scaling strategy. He proposed possible solutions including increasing the block gas limit by 5 times, while also increasing the gas cost of less efficient operations by 5 times. Potential adjustment targets include SSTORE operations when creating new storage, pre-compilation (except for elliptic curve related operations), calling large contracts, complex arithmetic operations, and slightly adjusting Calldata costs. Vitalik pointed out that the Ethereum block gas limit has doubled to 60M in the past year, and this is just the beginning of future improvements. Related gas repricing EIPs are being developed for the upcoming "Glamsterdam" or "H*" upgrade.

Naver has agreed to acquire Dunamu, the parent company of Upbit, in an all-stock transaction valued at approximately $10.3 billion. According to a regulatory filing disclosed Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will issue 2.54 new Naver shares for every 1 Dunamu share it holds. As of press time, according to CoinGecko data: BTC price is $90,379.13, a 24-hour change of +3.4%; ETH price is $3,020.53, a 24-hour change of +1.9%; BNB price is $890.73, a 24-hour change of +3.1%. SOL price is $142.68, up 24 hours (+2.5%); DOGE price is $0.1545, up 0.5% in the last 24 hours; XRP price is $2.22, up 1.0% in the last 24 hours; TRX price is $0.2763, up 0.8% in the last 24 hours. WLFI price is $0.1656, up 0.4% in the last 24 hours; HYPE price is $35.77, up 5.7% in the last 24 hours. Policy: The revised 2025 plan by the U.S. Securities and Exchange Commission (SEC) outlines clearer and more streamlined cryptocurrency regulatory rules. The revised 2025 plan proposes clearer rules, safer market practices, and stronger regulation, aiming to build a more flexible and structured framework to accommodate the development of digital assets. The success of this plan depends on coordination among institutions and international cooperation among regulators. The plan may include the introduction of exemption clauses, safe harbors, transfer agent regulations specific to distributed ledger technology, and revisions to the crypto market structure to lay the institutional foundation for the integration of digital assets into traditional markets. Bolivia plans to integrate stablecoins into its financial system. According to Solid Intel, Bolivia's Minister of Economy announced plans to integrate stablecoins into the country's formal financial system. Securitize received EU approval to operate a tokenized trading and settlement system on Wednesday, becoming the only tokenized infrastructure company simultaneously licensed in the US and EU. The Spanish National Securities Market Commission (CNMV) has approved its system to operate within the EU and allows it to connect to existing US infrastructure. Securitize plans to deploy its European transaction and settlement system on the Avalanche network, leveraging its near-instant settlement and customizable architecture, with the first issuance expected in early 2026.

▌Vitalik Responds to "Planned Economy" Questions: Gas Usage Still Determined by the Market

In response to X platform user nikete, Vitalik stated that while the Ethereum network plans to increase the gas cap and reduce the cost of inefficient operations, the actual selection of transactions in a block is still entirely determined by market mechanisms, "not like Bitcoin." He emphasized that the total block gas is set by validator votes, and many validators will refer to the core developer's suggestions, but the final transaction selection is still determined by the free market.

▌Binance Wallet Launches On-Chain Stock Trading Functionality

According to the official announcement, Binance Wallet now supports on-chain stock trading. Users can access their wallet through the Binance App, click "Markets," and select "On-Chain Stocks" to trade. The minimum transaction fee is 0%.

▌Robinhood and Susquehanna Acquire Majority Stake in LedgerX to Enter Prediction Markets

Robinhood Markets Inc. and Susquehanna International Group are acquiring a majority stake in LedgerX, a US-based derivatives exchange formerly owned by FTX and currently operated by Miami International Holdings Inc. This acquisition will provide Robinhood and Susquehanna with a strong new foothold in the rapidly growing prediction market sector, as the two companies escalate the prediction market arms race.

▌World Ordered to Delete Over 1.2 Million Iris Scan Data Records Collected in Thailand

According to DLNews, Thailand's data regulator has ordered World, an iris scanning project spearheaded by Sam Altman, to delete over 1.2 million records it collected in Thailand. Thailand's Minister of Digital Economy and Society, Chaichanok Chidchob, stated that the Personal Data Protection Commission (PDPC) also ordered the company to suspend all its operations in Thailand on Monday. In Thailand, an expert panel commissioned to investigate whether World violated the country's data protection laws concluded that collecting biometric data in exchange for cryptocurrency is illegal. World has already ceased its iris scanning operations in Thailand.

▌Grayscale Files for Zcash ETF with SEC

According to official documents, Grayscale Zcash Trust (ZEC) filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) on November 26, 2025, with document number 333-291800. The trust is headquartered in Stamford, Connecticut, and primarily engages in commodity contract brokerage and trading (SIC code: 6221).

▌Franklin Templeton Files Form 8-A with SEC for Solana ETF

According to market sources, Franklin Templeton has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for the Franklin Solana ETF. This step is typically a key stage before the product's official launch.