Circle has issued $500 million in USDC.

A participant received 20% of the total funds allocated for the IRYS airdrop and has sold tokens valued at $4 million.

Today's Summary and Weekend Events. https://t.me/bingx1/2147483647

Circle has announced the issuance of an additional $500 million in USD Coin (USDC).

Kalshi is facing a class action lawsuit in New York, alleging that the company engaged in unauthorized sports betting and misled users about its market-making operations. The complaint claims that its subsidiary, Kalshi Trading, set odds disadvantageous to customers. bloomberg

CoinShares withdraws SEC application for staked Solana ETF.

Polymarket forecasts an 87% probability of a Federal Reserve rate cut in December. cointelegraph

Ethereum researcher Anthony Sassano indicated that the network's gas limit may potentially triple in 2024, with certain developers supporting a fivefold increase. cointelegraph

🔍🐳 Whale Transactions:
1. An Ethereum early adopter made a contribution of 18,000 ETH (approximate value: $54.78 million) on Bitstamp. Since 2017, the entity has accumulated a total of 154,076 ETH (valued at $79.7 million) at an average purchase price of approximately $517 per ETH, and has sold 87,824 ETH for $148.8 million at an average price of about $1,694 per ETH. Currently, the holder retains 66,252 ETH, worth approximately $201 million, resulting in total gains of roughly $270 million.
2. Address bc1ql5 sold 500 BTC (approximate value: $45.37 million) to offset losses of over $10.5 million.

Arthur Hayes maintains his year-end target of $250,000 for Bitcoin, citing last week's dip to $80,600 as the cycle’s trough, with subsequent recovery endorsing his outlook. thecryptobasic

Arthur Hayes reaffirmed his year-end forecast of $250,000 per Bitcoin, citing last week’s dip to $80,600 as the cycle’s bottom and the subsequent rebound as validation of his outlook. thecryptobasic

Yesterday, spot Bitcoin ETFs recorded net inflows of approximately $71.4 million, while spot Ethereum ETFs saw total net inflows of about $76.6 million.

Bitcoin spot ETFs saw net inflows of approximately $71.4 million yesterday, while Ethereum spot ETFs attracted around $76.6 million in net inflows.

The People's Bank of China held a coordination meeting, reaffirming that virtual assets lack the legal status of fiat currency, are not considered legal tender, and should not be used as currency in market transactions. Engaging in commercial activities involving these assets is classified as illegal financial activity. Stablecoins, a subset of virtual assets, currently face challenges in meeting KYC and AML requirements, raising concerns over money laundering, fundraising fraud, and illegal cross-border capital transfers.

The People's Bank of China convened a coordination meeting to reaffirm that virtual assets lack the legal status of fiat currency and are not recognized as legal tender. The central bank emphasized that virtual assets should not be used in market transactions and that conducting commercial activities involving these assets constitutes illegal financial activity. Stablecoins, a subset of virtual assets, face challenges in complying with KYC/AML regulations, raising concerns over potential risks including money laundering, fundraising fraud, and illicit cross-border capital flows.

LSK price surged more than 45% today amid large acquisitions beginning at 4:40 PM Moscow time. The asset emerged as one of the top performers in spot and futures trading on major centralized exchanges. By 6:06 PM Moscow time, LSK also ranked among the leaders in open interest increases on the Bybit platform.

LSK surged more than 45% today, with large purchases beginning at 4:40 PM Moscow time. The asset became one of the top performers in spot and futures trading across multiple centralized exchanges. By 6:06 PM Moscow time, LSK also ranked among the leaders in open interest growth on Bybit.

See the chart here

Coinbase Advances Market Position as Company Captures Investor Interest

Sahara experiences 50% decline in large transactions amid rapid sales surge on Binance Futures. The decline began at 18:16 Moscow time, with the token reaching the top sales position within four minutes at 18:20.
#Careport View Chart

Sahara Labs is conducting an internal review of recent market activity to understand the causes of fluctuations. The company has confirmed that there are no security concerns or issues related to its products.

📆 Key Events for the Upcoming Week

Monday, December 1:
Unlocks:
- Eigen Labs (#EIGEN): 2.20%, $22.61 million
- Sui (#SUI): 1.19%, $67.19 million

Update on Ontology: #ONT
Update on Axelar test network: #AXL
Migration of Planet IX ecosystem from Polygon to Base: #IXT
Launch of the AP Chain mainnet: #APD
Completion of the Fed's balance sheet reduction programs in the U.S.: Link
Introduction of Credit Information Law for virtual asset operators in South Korea: Link
Launch of Solana Economic Zone in Dubai
U.S. Chicago PMI (December): 17:45 Moscow time
S&P Global Manufacturing PMI (November): 17:45 Moscow time
ISM Manufacturing PMI (November): 18:00 Moscow time
ISM Manufacturing Prices (November): 18:00 Moscow time

Tuesday, December 2:
Unlocks:
- Ethena (#ENA): 0.63%, $26.44 million
Update on VeChain: #VET
Fork of Flare: #FLR
TokenPocket to move Kusama and Polkadot networks to Custom List and pause some on-chain services: #TPT
Launch of TokenStrategy platform by PunkStrategy: #PNKSTR
EU to implement sanctions against Russian bank foreign branches: Link
Powell's speech at 4:00 Moscow time
Redbook (YoY): 16:55 Moscow time
JOLTS Job Openings (September): 18:00 Moscow time

Wednesday, December 3:
Update on Ethereum Fusaka: #ETH Link
ADP Nonfarm Employment Change (November): 16:15 Moscow time
S&P Global Services PMI (November): 17:45 Moscow time
ISM Non-Manufacturing PMI (November): 18:00 Moscow time
ISM Non-Manufacturing Prices (November): 18:00 Moscow time
Crude Oil Inventories: 18:30 Moscow time

Thursday, December 4:
Launch of APDEX: #APD
Nockchain to launch Base bridge: #NOCK
Initial Jobless Claims in the U.S.: 16:30 Moscow time

Friday, December 5:
Unlocks:
- XION (#XION): 7.64%, $7.09 million
Core PCE Price Index in the U.S.: 18:00 Moscow time

Saturday, December 6:
BNB hard fork of opBNB: Link

Sunday, December 7:
Beldex hard fork of Obscura: #BDX
Completion of Solana Economic Zone in Dubai