Key Information from Last Night and This Morning (December 4 - December 5)

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Bitmine is suspected of buying 41,946 ETH again 5 hours ago, worth about $130 million

According to Lookonchain, Bitmine, an institution suspected of being Tom Lee, bought 41,946 ETH again about 5 hours ago, with a transaction value of about $130.78 million.

JPMorgan: Whether the Strategy can hold up or become the key to Bitcoin’s short-term trend

According to The Block, JPMorgan analysts said that Strategy (formerly MicroStrategy) maintained its Bitcoin position valuation ratio above 1 and avoided being forced to sell BTC, which is key to determining Bitcoin’s short-term price trend. The analysis pointed out that although miners are under pressure to sell due to high production costs, MSTR has $1.44 billion in cash reserves, enough to cover debt expenses over the next two years, reducing the risk of selling pressure. In addition, the bank maintained a medium-term theoretical target price of about $170,000 for BTC.

The Aster team burned $80 million in repurchase funds on-chain

On-chain data shows that the Aster team will repurchase $80 million in tokens in the wallet to perform on-chain burn operations.

The IMF warns that stablecoins may weaken currency sovereignty and recommends limits to prevent substitution risks

The International Monetary Fund’s (IMF) latest report, “Understanding Stablecoins”, shows that dollar-led stablecoins are rapidly penetrating emerging markets and developing economies, potentially weakening central banks’ control over domestic liquidity and interest rates. The report pointed out that stablecoins can quickly enter the market through mobile phones and the Internet, especially in the presence of unhosted wallets, which is more likely to cause the phenomenon of “currency substitution”, weaken the use of local currency, and affect the transmission of central banks’ monetary policy and seigniorage tax revenue. The IMF recommends that countries establish legal frameworks to protect financial sovereignty by preventing stablecoins from gaining “legal tender” or “official currency” status. Currently, 97% of the total market capitalization of stablecoins is pegged to the US dollar, and only a small percentage are related to the euro or yen. The report also highlights a significant increase in the use of stablecoins in cross-border payments and high-inflation countries, especially in Africa, the Middle East, and Latin America.

AlphaTON withdrew from the “Baby Shelf” rule and submitted $420 million to register to promote AI and TON investment

According to GlobeNewswire, AlphaTON Capital announced that it has withdrawn from the SEC’s “baby shelf” financing restrictions and submitted a $420.69 million shelf registration statement planned to expand the GPU computing power infrastructure that supports the Telegram Cocoon AI network and acquire companies with profitability in the Telegram ecosystem. The company will also continue to increase its holdings in Toncoin and related digital assets, and strengthen its TON ecosystem through strategic mergers and acquisitions and infrastructure deployment. Baby shelf rule: The SEC restricts the financing of companies with a market capitalization of less than $75 million, limiting the amount of funding they can raise in a simplified way within one year. Shelf registration: A pre-registration document submitted by a listed company to the SEC, which facilitates flexible multiple financings in the future without the need for separate approval each time.

Base launched the Solana cross-chain bridge to achieve two-way asset interoperability

Base, an Ethereum L2 network incubated by Coinbase, has launched a cross-chain bridge connecting Solana, supporting the native use of Solana assets on Base and allowing Base assets to be migrated to Solana. The bridge is powered by Chainlink’s cross-chain interoperability protocol CCIP and double-validates messages with Chainlink nodes through Coinbase to ensure security.

Polymarket is now available in the MetaMask mobile app

Prediction Market Polymarket announced on the X platform that Polymarket has officially launched the MetaMask mobile app with the launch of the MetaMask prediction market powered by Polymarket.

U.S. CFTC: Spot cryptocurrencies can now be traded on CFTC-registered exchanges

Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced today that listed spot cryptocurrency products will be traded on the U.S. federally regulated market of a CFTC-registered futures exchange for the first time. Today’s announcement follows the recommendations of the President’s Digital Asset Markets Task Force and incorporates insights from stakeholders in the CFTC’s Crypto Sprint program, as well as the results of its collaboration with the SEC. The “Crypto Sprint” program also launched a public consultation on all other CFTC-related recommendations in the President’s Digital Asset Markets Task Force report. Other elements of the program include the enabling of tokenized collateral (including stablecoins) in the derivatives market and the development of rules for technical changes to the CFTC’s regulatory provisions on collateral, margin, clearing, settlement, reporting, and record-keeping to enable the use of blockchain technology and market infrastructure, including tokenization technology, in our markets. Previously, Bitnomial will launch the first CFTC-regulated spot cryptocurrency trading platform.

The associated address of well-known investor Jez San withdrew more than $15 million worth of altcoins from Coinbase Prime

According to Emmett Gallic’s monitoring, an address associated with well-known investor Jez San (@aerobatic) withdrew multiple altcoins worth more than $15 million from Coinbase Prime, including $8 million worth of LINK, $5 million worth of AAVE, $2 million worth of UNI, $250,000 worth of LDO.

Matrixport withdrew a total of 2,805 BTC from Binance in the past 8 hours, worth $260 million

According to Onchain Lens monitoring, Matrixport withdrew 2,805 BTC worth $260.11 million from Binance in the past 8 hours.

The official website of the meme coin PEPE was attacked, and users were redirected to malware

According to Cointelegraph, the official website of meme coin PEPE has been compromised by attackers and is currently redirecting users to malicious links. Cybersecurity firm Blockaid said on Thursday: "Blockaid systems have detected a front-end attack on Pepe’s official website, which contains the Inferno Drainer malicious code. "Inferno Drainer is a suite of scam tools used by threat actors, including phishing templates, wallet stealers, and social engineering tools.

The Lighter platform has now launched spot trading, and the first depositable asset is ETH

Crypto trading protocol Lighter posted on the X platform that the Lighter platform has now launched spot trading, and users can now deposit, withdraw and transfer ETH, which is the first native asset on its Ethereum L2 platform. Later this week, Lighter will enable spot trading and begin rolling out more marketplaces one after another. Previously, on November 11, Lighter completed $68 million in financing, led by Founders Fund and Ribbit Capital.

Cross-border payments giant MoneyGram has chosen Fireblocks to handle stablecoin settlements for it

According to The Block, Fireblocks will begin processing stablecoin settlements for MoneyGram, a global money transfer service company. “MoneyGram is rebuilding its cross-border settlement track in real-time, and by moving to a multi-chain, programmable infrastructure, MoneyGram is improving the speed and reliability of global payments from the foundation level,” Fireblocks co-founder and CEO Michael Shaulov said in a statement. "MoneyGram is positioning itself as a strong supporter of the blockchain payment rail. The company said in a press release that its early investments in “digital currency deposits and withdrawals, as well as crypto-compliant infrastructure” gave it a “first-mover advantage.”

Argentina’s state-owned energy giant YPF is considering accepting cryptocurrencies to pay for fuel

According to Cointelegraph, Argentina’s state-owned energy company, PetroArgentina (YPF), is considering allowing drivers to pay for gasoline and diesel using cryptocurrencies. People familiar with the matter said the plan may rely on third-party processors rather than paying directly through wallets, including local and international platforms such as Lemon, Ripio or Binance, which will handle currency conversion. If adopted, the system will operate similarly to YPF’s existing U.S. dollar purchase method. Customers need to scan the QR code to transfer funds to YPF’s account at Banco Santander and the app will display the corresponding amount of pesos and the reference exchange rate based on the purchase price of Banco Nación.

Ledger researchers have discovered a vulnerability in an Android chip that puts mobile Web3 wallets at risk of physical attacks

According to The Block, Ledger said that a vulnerability was recently discovered in a widely used Android smartphone processor chip, and users who rely on software Web3 wallets will be at risk if their devices are physically touched by attackers. Its Donjon team found that hardware fault injection could take control of the chip by bypassing core security checks. While this discovery does not affect Ledger hardware wallets, it highlights the dangers of relying solely on smartphone hot wallets to secure digital assets. The team tested the MediaTek Dimensity 7300 chip produced by TSMC and set out to determine whether electromagnetic fault injection would disrupt the earliest stages of the boot process. They use open-source tools to obtain operational information by injecting timely electromagnetic pulses into the startup ROM of the chip, thereby identifying attack paths. The team then bypassed the filtering mechanism in the chip write command and overwrote the return address on the boot ROM stack, allowing the team to run arbitrary code on EL3 (the highest privilege level of the processor), and the attack could be repeated in a matter of minutes. Ledger said that even the most advanced smartphone chips are vulnerable to physical attacks and are not suitable as an environment for protecting private keys, and reiterated that secure elements are essential for the self-custody of digital assets. The vulnerability was notified to MediaTek in May, and the vendor has notified the affected manufacturers.

Bitcoin-native interoperability protocol Portal to Bitcoin has completed $25 million in financing, led by JTSA Global

According to Cointelegraph, Bitcoin’s native interoperability protocol Portal to Bitcoin announced the completion of a $25 million financing, led by JTSA Global, with participation from Coinbase Ventures, OKX Ventures, Arrington Capital and other institutions. While securing new funding, the company launched an atomized OTC trading platform that promises “instant, trustless cross-chain settlement of large and large transactions.” Focused on providing institutional and large investors with a Bitcoin-anchored cross-chain OTC marketplace, the protocol leverages hashed timelock contracts (HTLCs) and Bitcoin Taproot contracts across multiple chains to enable the exchange of native Bitcoin with native assets on the integrated blockchain in a non-custodial manner, with a focus on reducing trust assumptions in transactions.

Aave deepens its integration with CoW, launching MEV-resistant swap services and intent-based flash loan products

According to The Block, Aave Labs has expanded its partnership with CoW Swap to integrate the DEX aggregator’s network of solvers into all of Aave.com’s Swap functions and launch a flash loan product built for intent-based infrastructure. The two parties said that the partnership aims to provide DeFi users with safer, lower-cost and more efficient asset management services, and has previously supported basic exchange and limit order functions. Once integrated, Aave.com will handle asset swaps, collateral exchanges, debt swaps, and “repay with collateral” functions through the CoW protocol’s bulk auction execution system, enabling users to manage all aspects of the loan lifecycle on one platform. This integration reduces the need for multiple interfaces, lowers gas fees, and protects users from front-running and sandwich attacks through MEV-resistant execution. The partnership also launched the first intent-based flash loan product, expanding the programmable liquidity toolkit. Since Thursday, the asset, collateral and debt swap feature powered by the CoW protocol has been live on Aave.com, and aToken swaps can be conducted through CoW Swap.

Solmate plans to acquire RockawayX in an all-stock transaction to create a $2 billion institutional-grade Solana giant

Solmate (ticker SLMT), a Solana infrastructure company focused on the Abu Dhabi market, has signed a non-binding term sheet to acquire digital asset company RockawayX through an all-stock deal, CoinDesk reported. The acquisition will create an institutional cryptocurrency group with assets under management and third-party interests exceeding $2 billion. The combined company will integrate RockawayX’s infrastructure, liquidity, and asset management businesses into Solmate, which is transitioning from passive digital asset treasury management to an operational cryptocurrency business, and will continue to trade under the ticker symbol SLMT. Solmate CEO Marco Santori will lead the group, while RockawayX CEO Viktor Fischer will be responsible for operating the RockawayX subsidiary and serving as Solmate’s executive chairman. RockawayX is the blockchain business unit of venture capital firm Rockaway Capital, which provides on-chain market making, lending and other services, and also manages venture capital and credit funds that collectively regulate about $1.04 billion in assets, while about $1.1 billion in assets are pledged on its validator nodes.

An address opened a position of $8.92 million in ETH again after a month

According to on-chain analyst @ai_9684xtpa monitoring, after a month, the address 0xEb2… 038cE once again opened a position of $8.92 million in ETH. It raised 2,799 ETH from Binance 2 hours ago, with a proposed price of $3,187.45, and has now been transferred to the address 0xEb2… 038cE, the receiving address holds 26,720 ETH, with a total value of $104 million.

Digital Asset Holdings completed a $50 million financing, with participation from Bank of New York Mellon and Nasdaq

According to Bloomberg, financial blockchain company Digital Asset Holdings LLC has completed a new round of $50 million in financing, with investors including Bank of New York Mellon (BNY Mellon), Nasdaq (Nasdaq Inc) , S&P Global (S&P Global), and iCapital. Earlier this year, the company closed a $135 million funding round led by DRW Venture Capital and Tradeweb Markets, with participation from Citadel Securities, IMC, Optiver and others. It is reported that Digital Asset Holdings is known for developing the public blockchain Canton Network, which supports asset tokenization and processes financial transactions, and users can decide the extent of information confidentiality. Several institutions, including Goldman Sachs and Tradeweb Markets, have used or participated in managing the Canton Network.

The number of initial jobless claims in the United States for the week ending November 29 was 191,000, compared with an expected 220,000

According to Jinshi, the number of initial jobless claims in the United States for the week ending November 29 was 191,000, expected to be 220,000, and the previous value was revised from 216,000 to 218,000.

A new wallet withdrew 538.42 BTC worth $50.12 million from Galaxy Digital 2 hours ago

According to Onchain Lens monitoring, a newly created wallet withdrew 538.42 BTC (worth $50.12 million) from Galaxy Digital two hours ago.

BlackRock CEO: Some sovereign funds bought Bitcoin during the recent crypto market decline

According to Forbes, BlackRock CEO Larry Fink said that during the recent Bitcoin price decline, some sovereign wealth funds are buying Bitcoin, and there are many sovereign wealth funds that are watching and gradually buying Bitcoin as the price of Bitcoin falls from its peak of $126,000. Larry Fink said that these funds are buying progressively and accumulating when the price of Bitcoin falls to the $80,000 range, aiming to build long-term positions. Larry Fink also said that if the United States does not accelerate its investment in digitalization and tokenization, it will risk falling behind other countries. Additionally, Larry Fink predicts that cryptocurrency-driven tokenization will see “tremendous growth” in the coming years.

A whale once again withdrew 10,000 ETH from Bitget, currently holding a total of 34,188 ETH

According to Lookonchain monitoring, whale addresses 0x97BD withdrew 10,000 ETH (worth US$31.91 million) from Bitget again 2 hours ago, and currently holds a total of 34,188 ETH (total value US$108.8 million).

Ripple CEO: Bitcoin is expected to rise to $180,000 by the end of 2026

According to Cryptopolitan, Ripple CEO Brad Garlinghouse said at the Binance Blockchain Week event that he predicts that the price of Bitcoin will reach $180,000 by the end of 2026. Garlinghouse said that he is more optimistic about the future of cryptocurrencies than in recent years, and the growing regulatory environment in the United States is a major positive factor. Lily Liu, chairman of the Solana Foundation, said that even if the price of Bitcoin reaches the $90,000 threshold, it is normal and said that its price is likely to exceed $100,000. Binance CEO Richard Teng acknowledged the recent market volatility but emphasized that the overall trend remains extremely optimistic. "Volatility is not unique to cryptocurrencies, but is a common feature of all assets… But institutions are entering the market in a big way. Institutional participation doubled last year and doubled again this year. ”

Axelar launches AgentFlux, an open-source framework, to bring AI agents on-chain and avoid cloud risks

Interop Labs, the team behind the Axelar network, announced on Thursday that Axelar has launched AgentFlux, an open-source framework designed to run artificial intelligence (AI) agents locally while keeping private keys, trading strategies, and customer data outside the cloud, CoinDesk reported. AgentFlux allows financial firms to deploy “agent-based” automation without sending sensitive information to external infrastructure. AgentFlux also incorporates Axelar’s broader multi-chain strategy. AgentFlux enables a single AI agent to view risk, assess risk exposure, and transact across multiple ecosystems.

VTB, Russia’s second-largest bank, recommends allocating 7% of its assets to Bitcoin and cryptocurrencies

According to The Bitcoin Historian, VTB, Russia’s second-largest bank, said it advises investors to allocate 7% of their assets to Bitcoin and cryptocurrencies. According to previous news, VTB, Russia’s second largest bank, plans to launch cryptocurrency trading services through brokerage accounts in 2026.

Binance Alpha has opened the second wave of Yooldo (ESPORTS) airdrop claims

According to the official announcement, Binance Alpha’s second wave of Yooldo (ESPORTS) airdrop rewards is now live. Users with at least 250 Binance Alpha Points can claim the 80 ESPORTS token airdrop on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be automatically reduced by 5 points every 5 minutes. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be considered as forfeiting the claim.

LISA launches points campaign “Road to Genesis” in preparation for TGE

According to official news, Web3 AI security agent project LISA announced the launch of a points campaign called “Road to Genesis” and said it is preparing for a token generation event (TGE). You can earn points by linking to X, Telegram, and Discord social media accounts, conducting wallet health checks, and sharing test results. Previously, LISA completed $12 million in financing to promote AI-native on-chain security systems.

WisdomTree launches the first fully staked Ethereum ETP powered by stETH

According to Lido’s official blog, the fully staked Ethereum ETP launched by WisdomTree has been officially launched. Its “WisdomTree Physical Lido Staked Ether ETP” (ticker: LIST) is the first ETP product in Europe to hold only stETH minted through the Lido protocol, and its structure is designed to circumvent the non-pledge buffer mechanism commonly used by traditional products when subscribing and redeeming. LIST is listed on the Xetra platform of Deutsche Börse, the Swiss SIX stock exchange, and Euronext in Paris and Amsterdam. This product provides investors with investment exposure to staked ETH and its corresponding on-chain staking income in the form of a listed product that fits the existing institutional business framework by holding stETH. LIST has approximately $50 million in assets under management and a management fee of 0.50%.

Changpeng Zhao: The current focus is on the BNB Chain ecosystem project and serving as a crypto consultant for many governments

Changpeng Zhao said at the Binance Blockchain Week event that it is normal for He Yi to become the co-CEO of Binance, and she has been working hard as a co-founder to maintain the community and serve users attentively, and has long been the pillar of the company; This title adjustment is more to give her an official business card to the outside world, so that the Western community is more familiar with her, and He Yi and Richard’s ability plates are obviously different and complementary. In addition, Changpeng Zhao said that he enjoys his current life, not always staring at Binance, but giving others room to grow, and his current focus is on the BNB Chain ecological project and serving as a crypto consultant to many governments.

Aster releases roadmap for the first half of 2026: it will be launched on the Aster Chain mainnet in Q1

Decentralized trading platform Aster released its roadmap for the first half of 2026, focusing on strengthening the three core engines of infrastructure, token utility, and ecosystem and community. In early December 2025, Aster will launch Shield Mode and Time-Weighted Average Price (TWAP) strategy orders for private high-leverage trading. In mid-December, real-world assets (RWA) were upgraded to expand the depth and breadth of the stock perpetual contract market. At the end of December, the Aster Chain testnet was opened for community testing. Entering 2026, the Aster Chain mainnet will be launched in the first quarter, the Aster code for developers will be launched, and fiat currency deposit and withdrawal channels will be opened. In the second quarter, ASTER token staking will be carried out, on-chain governance will be implemented, and smart money tools will be launched to follow top traders.

VTB, Russia’s second-largest bank, plans to launch cryptocurrency trading services through brokerage accounts in 2026

According to Cryptopolitan, VTB, Russia’s second-largest bank, plans to allow investors to buy and sell cryptocurrencies through their brokerage accounts. This was announced by the head of the bank’s brokerage services department at an international investment conference in Moscow this week. Currently, VTB is providing customers with the opportunity to invest in cryptocurrency derivatives and plans to provide direct investment in digital assets next year. VTB plans to launch cryptocurrency trading services as soon as the business receives regulatory licenses. Russian financial regulators have hinted that this move is likely to be implemented in the coming months. At that time, VTB’s customers will be able to buy, hold, and sell crypto assets such as Bitcoin directly in their personal investment accounts or regular brokerage accounts.

The EU intends to expand the regulatory and enforcement powers of the European Securities and Markets Authority to involve crypto companies and pan-European market operators

According to Bloomberg, the EU executive agency announced plans to transfer more regulatory and enforcement powers to its market regulators, sparking debates over the transfer of power from regulators around the world to Brussels. The Paris-based European Securities and Markets Authority will have new powers over important clearing houses, central securities depositories and trading venues, according to the proposal released on Thursday. The EU introduced a national regulatory regime for cryptocurrency companies less than a year ago, and now these companies and pan-European market operators are included in the agency’s purview. The centralization of most market regulatory powers in the EU requires the consent of the EU Parliament and the Council of Member States, and some member states firmly oppose it. At the heart of the proposal is to strengthen the powers and resources of the European Securities and Markets Authority, with a board of five independent members for up to five years. The cost of preparation is covered by the EU budget, and the ongoing expenses are borne by trading venues, central securities depositories and crypto asset service providers. To simplify the operation of the European market, the European Commission will also amend legislation to limit additional requirements for securities issuers by member states, simplify the licensing process to improve cross-border central securities depository services, and hope to integrate distributed ledger technology into the rulebook. Negotiations on the package will begin in January next year, when Cyprus will assume the presidency of the Council of the European Union.

Vitalik: There are still three areas of sharding technology in Fusaka that need to be improved

Vitalik Buterin, co-founder of Ethereum, posted that PeerDAS in Fusaka is significant because it is essentially a sharding technology. This technology allows Ethereum to reach block consensus without a single node viewing a very small part of the data, and with the client-side probabilistic verification mechanism, it can effectively resist 51% attacks instead of relying on validator voting. Sharding technology has been a pursuit of Ethereum since 2015, and data availability sampling was also a goal in 2017, and this goal has now been achieved. However, there are still three aspects of the sharding technology in Fusaka that are not perfect: first, the L2 network can process O(c²) transactions (c is the node computing power), but the L1 network is not. second, there is a bottleneck of proposers/builders, and the current builders need to obtain all the data to build the entire block, and the construction of distributed blocks needs to be realized urgently; Third, there is no sharded memory pool yet, which is needed at the moment. Even so, this is an important advancement in blockchain design. In the next two years, the team will have time to improve the PeerDAS mechanism, carefully expand the scale while ensuring stability, and use it to expand the L2 network, and then use it to expand the gas capacity of the L1 network when the ZK-EVMs mature. Previously, the Ethereum mainnet successfully activated the Fusaka upgrade, greatly improving data processing capabilities.

The combined company of Twenty One Capital and CEP is expected to be listed on the New York Stock Exchange on December 9

Twenty One Capital, Inc. and Cantor Equity Partners, Inc. (Nasdaq: CEP) announced that at the CEP Extraordinary General Meeting on December 3, CEP shareholders approved the previously announced proposed business combination between the parties and all other proposals related to the business combination, Businesswire reported. The business combination and related PIPE financing is expected to close on or about December 8, 2025, subject to today’s shareholders’ approval and subject to the satisfaction or waiver of certain other closing conditions described in the CEP Final Prospectus and the Twenty One Final Prospectus. Upon completion of the transaction, the combined Company will operate as Twenty One Capital, Inc., and its Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol “XXI” beginning December 9, 2025. Related Reading: Son plans to join forces with stablecoin giant Tether to build a $3 billion crypto joint venture, and the Bitcoin hoarding strategy has entered the 2.0 era?

JPMorgan: The risk of Strategy being eliminated by MSCI has been priced in by the market

According to Bloomberg, JPMorgan Chase & Co. said that Strategy Inc.'s stock price has already priced in the risk of being eliminated from major stock benchmark indices and sees the upcoming MSCI decision as a potential upside catalyst, although the exclusion will still trigger passive outflows. JPMorgan previously estimated that if index-tracking funds were required to divest related assets, there could be as much as $2.8 billion in outflows. But after a sharp sell-off, JPMorgan believes most of the losses have been reflected in the stock price. Strategy’s stock price plummeted by about 20% after the report, and the stock price is now close to the value of the company’s Bitcoin holdings. Its team of analysts wrote in a report: “In our view, the decision to remove Strategy from the MSCI index has a limited negative impact on Strategy and Bitcoin because the impact of the index removal has been fully priced in.” On the other hand, if MSCI’s January 15 decision is positive, then Strategy and Bitcoin stock prices and prices are likely to rebound strongly to the levels before October 10. JPMorgan also reiterated its volatility-adjusted comparison of Bitcoin versus gold, suggesting that the theoretical price of Bitcoin will be close to $170,000 in the next 6 to 12 months. Although speculative, this forecast highlights the potential upside the bank sees ahead of the MSCI ruling.