Crypto Burn and Upgrade Drive New Excitement for December

Cointurk2025/11/30 19:21

By:İlayda Peker

In Brief December brings significant developments for cryptocurrency enthusiasts, including critical altcoin upgrades. REZ Coin's team confirmed regular coin burns to positively impact their community. VeChain's Hayabusa upgrade introduces innovative NFT-based staking and governance changes.

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December ushers in a whirlwind of activity for cryptocurrency enthusiasts with major macroeconomic shifts and critical developments among altcoins . Historically, December has seen significant upgrades, and this year is no exception. What are the essential points to note about the impending REZ Coin burn and the Hayabusa upgrade?

Renzo (REZ) Coin Burn

Following a burn in November, REZ Coin’s team announced that regular burns would occur on the 5th of each month. Many altcoins have suffered this year, prompting various projects to adopt buyback and burn strategies. Proactively buying back coins and enhancing treasury reserves signifies a positive move for protocols aiming to repay their community.

On November 5th, the team initiated their first burn, withdrawing over 114 million tokens from circulation. Rewarding 12.7 million REZ Coins to ezREZ stakers, the team plans to burn tokens acquired in the last four weeks on December 5th（UTC+8）. This upcoming burn was announced on November 13th.

While these burns might not significantly impact the market short-term, reducing circulating supply could benefit medium to long-term investors. A favorable reaction to a potential interest rate cut on December 10th（UTC+8） might also elevate REZ Coin, bolstered by positive news flow.

You can track these critical developments via the news section in the CryptoAppsy application, which provides instant access to summaries and detailed information, simplifying your research.

VET Coin Hayabusa Upgrade

Michael Poppe, an analyst favoring altcoins, frequently highlighted the VeChain (VET) Hayabusa upgrade. Scheduled for completion on December 2nd（UTC+8）, the upgrade saw its testnet launch on November 4th（UTC+8）, with the mainnet now incorporating Hayabusa.

The mainnet transition will conclude on December 9th（UTC+8）, requiring validators to update to the StarGate protocol version before the deadline.

“StarGate is a pivotal component of the broader VeChain Renaissance initiative’s Hayabusa phase. Designed to transform user participation on the VeChainThor network, StarGate offers a new approach by using NFTs as staking collateral, creating a dynamic and transparent framework for delegation, reward distribution, and governance.”

Innovations introduced by Hayabusa include NFT-based staking, which impacts VTHO rewards and governance. These could potentially affect VET Coin prices in the medium to long term, depending on market sentiment.

VET Coin is attempting to recover from the $0.01244 support level but has yet to reclaim the key resistance at $0.01823. Meanwhile, BTC hovers near $92,000 as the daily closure approaches.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51