KASPA.NEWS REPORT

Kaspa ecosystem is gearing up for a significant week of events, highlighted by core researcher @hashdag scheduled to speak at Tokenize London on December 2nd. His talk, titled "Kaspa: Mining the Internet," will take place at 2:00 PM in Hall 2, followed by a community gathering at Wolfy's Bar @Kaspa_Commons [source]. Additionally, the community is preparing for the next Kaspa Commons XSpace on December 3rd, featuring guests from @KaspaCom to discuss DeFi and fundraising @Kaspa_Commons [source]. In the realm of community education, @Dohmer_ and @YStan__ have announced the launch of the K-Academy, an educational initiative aimed at providing solid research and resources for the ecosystem @Dohmer_ [source].

On the technical front, significant strides are being made in the research for vProgs (Verifiable Programs). @xximpod has proposed a "Kaspa Programmability Roundtable" to bring together core researchers like @michaelsuttonil and @FreshAir08 with L2 builders from @Igra_Labs and @kasplex to discuss technical trade-offs and migration paths @Kaspa_Commons [source]. @FreshAir08 provided technical insights into "synchronous composability," explaining that vProg designers are incentivized to keep designs compartmentalized, ensuring that the failure of one vProg does not compromise others it interacts with @FreshAir08 [source].

The ecosystem's open-source culture received a boost with a new core contribution from @ManyFest_, a developer who spent two years researching GhostDAG and DAGKnight before submitting his first code. This contribution was publicly celebrated by core developer @michaelsuttonil, reinforcing the project's research-driven and mathematically grounded engineering culture @Kaspa_BlockDAG [source]. @michaelsuttonil noted this as a significant first contribution, validating the complexity and "fundamental truth" behind the DAGKnight protocol @michaelsuttonil [source].

A major ecosystem integration occurred with @dymension voting in KAS as a new base asset, opening the first decentralized Kaspa bridge. This integration allows KAS holders to utilize their assets in liquidity pools and other DeFi applications within the Dymension ecosystem @KaspaHub [source]. While broadly welcomed as a utility expansion, some community members like @Chriscrypto_89 issued warnings regarding potential "freezing abilities" within the Dymension framework, urging users to exercise caution @KaspaHub [source].

Independent builders are also advancing key infrastructure. @eliottmea released a preliminary design for the @AppKaskad oracle, a project funded by @Kaspa_KEF intended to provide reliable price data and safe liquidations for lending protocols @eliottmea [source]. Simultaneously, @Igra_Labs published their transaction protocol specifications for permissionless KAS to iKAS wrapping, enabling deterministic 1:1 issuance without centralized operators @cryptom_jp [source]. In the tools sector, @supertypo_kas launched the new "Kaspa Stream" block explorer, featuring novel ranking systems for network participants @kaspaunchained [source].

Market sentiment has turned bullish as Kaspa reclaimed a spot in the top 50 by market cap, posting gains of over 20% in 24 hours @DailyKaspa [source]. @KaspaLens analyzed the order books on major exchanges like Gate.io, noting that sell-side liquidity remains extremely thin. This structure suggests that even moderate buy pressure can cause significant upward price volatility, as long-term holders are not providing liquidity to the order books @KaspaLens [source].

On-chain data confirms aggressive accumulation by large entities. @DailyKaspa reported that the largest Kaspa wallet (Wallet #1) added another 10.4 million KAS, now controlling 4.45% of the total supply @DailyKaspa [source]. Additionally, Wallet #7 accumulated a further 15 million KAS from Kraken @DailyKaspa [source]. @KaspaReport highlighted that inactive supply metrics are hitting all-time highs across multiple timeframes, indicating that despite price volatility, long-term holders are refusing to sell, effectively creating a supply shock scenario @KaspaReport [source].

Finally, an interesting economic observation was made regarding Kaspa's performance against the Venezuelan Bolívar (VES), where it hit a new all-time high. @KaspaReport noted that the power law model fits tighter when priced in VES than USD, suggesting that Kaspa functions as a hedge against rapid fiat currency devaluation @KaspaReport [source]. Meanwhile, community sentiment remains defiant against traditional banking restrictions, with users sharing stories of frozen bank accounts when attempting to purchase mining hardware, reinforcing the "cypherpunk" narrative of the project @kaspaunchained [source].