Monad Blockchain Launches, Fidelity Highlights Ethereum Upgrade
Update: 2025-11-26
Description
The Monad blockchain has launched, offering a new token and airdrop for early supporters. This layer-one network, designed to scale Ethereums VM, has a total supply of one hundred billion MON tokens, with most in circulation after a public sale and airdrop. However, concerns arise over token distribution, particularly the significant share allocated to the Monad team.Fidelity Digital Assets report highlights Ethereums upcoming Fusaka upgrade, expected in December, combining core layer changes and signaling a new era for the network. Fidelity believes Fusaka prioritizes scalability, usability, and ether token value.U.S. Bank pilots virtual bank accounts for USDC payroll deposits using the World App, exploring traditional banks role in issuing programmable money on public blockchains. The bank is working with PwC and the Stellar Development Foundation for regulatory compliance.Texas moves forward with plans to build a state-based crypto reserve, allocating five million dollars to purchase bitcoin ETFs from BlackRock, potentially making it a U.S. state pioneer in long-term crypto investments.
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