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The US Dollar Rose Against The Canadian Dollar (USD/CAD) In Early Trading, Currently Up 0.22% At 1.3796. Trade Tensions Between The US And Canada Escalated Over The Weekend
US President Trump: Communities That Refuse To Plan And Build Data Centers Are Making A Mistake. Data Centers Provide A Lot Of Jobs And Funding
According To The Syrian Arab News Agency, Syria Stated That The Current Priority Is For Israeli Forces To Withdraw To The Boundary Lines Prior To December 8, 2024, And To Fully Implement The Agreement On Disengagement Between Syrian And Israeli Forces Signed In 1974
According To The Syrian State News Agency, Syria Reiterated That The Golan Heights Are Occupied Syrian Territory And That It Is Too Early To Discuss Their Final Status
According To The Syrian State News Agency, Syrian Diplomatic Sources Stated That A Syrian Delegation Met With An Israeli Delegation In Jordan On Sunday. Discussions Focused On Establishing A Mechanism To Stop Israeli Aggression And Arrests, And Restarting The Negotiation Process. The Meeting Reportedly Aimed To Reach A Security Agreement As A Basis For A More Comprehensive Future Agreement
The EU High Representative Stated That Israeli Settlements In The West Bank, Including The E1 Area, Are In Violation Of International Law
The EU High Representative Urged The Israeli Government To Withdraw Its Tender And Halt The E1 Settlement Program In The West Bank
According To Israel's Channel 12, Citing Sources, Washington Has Warned Hamas Against Failing To Comply With Or Attempting To Circumvent The Disarmament Agreement
The UK Maritime Trade Operations Office (UKMTO) Stated That Shipping Traffic In Both The Strait Of Hormuz And The Bab El-Mandeb Strait Has Declined
Canadian Ambassador To The United States: The Breakdown Of Canada–U.S. Trade Negotiations Stems From A Range Of Issues
Iraqi Prime Minister's Security Advisor: We Have Proposed To Iran And Saudi Arabia The Establishment Of A Unified Security Coordination Committee
Iran’s “Persian Gulf Strait Administration”: Non-compliant Vessels May Face Fines And Detention
Iran's Supreme National Security Council Secretary Rezaei Stated: "If The Economic War Continues, Not A Single Drop Of Oil Will Be Exported From The Strait Of Hormuz Or Anywhere Else In The Persian Gulf. Iran Will Consider Any Country's Participation In Or Support Of The US-led Economic War Against The Iranian People As An Act Of War."
Hamas: We Call On Washington And The Mediators To Take Responsibility, Resist The Occupiers' Barbarity, And Condemn Their Escalation
Hamas: The Bombing Of Central Gaza Province Under The Pretext Of Children Flying Kites Is A Further Escalation Of The Barbaric Crimes Against Our People. The Statement From Netanyahu's Office Confirms Its Intention To Continue Its Aggression And Advance Its Plans Of Expulsion And Extermination Under False Pretenses
Market News: Russia Is About To Receive Its First Shipment Of Seaborne Gasoline From Turkey, With Approximately 200,000 Barrels Of Oil Currently En Route. Since Late July, Russia's Seaborne Gasoline Imports Have Exceeded 1 Million Barrels

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Ethereum core developers have officially named the network’s next upgrade after Glamsterdam as "Hegota," further defining the network’s 2026 development cycle as it continues its twice-a-year release cadence.
Hegota blends the execution layer’s "Bogota" upgrade, following the tradition of naming updates after Devcon host cities, with the consensus layer’s "Heze", named after a star. Developers said the headliner EIP for Hegota will not be selected until February, while work on Glamsterdam — Ethereum’s first scheduled upgrade of 2026 — continues.
The naming decision was made during the All Core Developers Execution (ACDE) call on Thursday, the final meeting of the year. ACDE calls are set to resume on Jan. 5, when developers aim to finalize Glamsterdam’s scope.
2026 release cycle
The naming comes at a moment when Ethereum’s upgrade process is settling into its intended rhythm.
With Pectra and Fusaka shipped in 2025, the network has effectively begun its twice-annual upgrade schedule. The approach intends to make improvements more iterative, predictable, and narrowly scoped, reducing the need for rare, sweeping overhauls.
Based on the established cadence, Glamsterdam would likely land in the first half of 2026, with Hegota following later in the year.
While Hegota itself remains in early planning, its eventual upgrade is expected to draw from long-running roadmap goals and any overflow items deferred from Glamsterdam. Particularly, Verkle Trees — a prerequisite for fully stateless clients — have been frequently cited as a candidate for inclusion in one of the 2026 hard forks. However, no formal selection has been made.
Other areas under discussion include state and history expiry mechanisms and additional execution-layer optimizations. Notably, state expiry conversations may garner more attention following a recent batch of proposals from the Ethereum Foundation.
As The Block previously reported, the EF’s Stateless Consensus team warned that state bloat — the steady expansion of Ethereum’s stored data — is becoming a growing burden for node operators.
Glamsterdam focuses on Layer 1 efficiency and builder decentralization
Meanwhile, developers continue to refine Glamsterdam’s hard fork. Proposals still under consideration include enshrined proposer-builder separation, or ePBS, intended to curb centralization in block building; block-level access lists, which aim to reduce state access bottlenecks; and gas repricings to better align EVM costs with resource usage.
More complex changes, such as reducing slot times, have already been pushed to later cycles. Any items that prove too ambitious for the timeline may roll into Hegota, with final decisions expected once calls resume in the new year.
A roadmap that stretches beyond 2026
Hegota's reveal also situates Ethereum within its broader, multi-phase technical roadmap. Back in September 2022, developers executed the first part of this path, dubbed The Merge, which transitioned Ethereum from a proof-of-work blockchain to a proof-of-stake network.
The following components have been framed as The Surge, The Verge, The Purge, and The Splurge.
The Surge focuses on achieving massive rollup-driven scaling. Fusaka advanced this goal through PeerDAS and expanded blob capacity, while Glamsterdam aims to improve Layer 1 performance further to better support rising rollup activity without creating new centralization pressures.
Next, The Verge centers on statelessness and light-client verification. Potential Verkle integration in Hegota aligns directly with this phase by reducing node storage requirements and enabling broader network participation. Later phases — The Purge and The Splurge — address historical cleanup and long-term protocol simplification.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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