Whale Transactions:
1. Three unidentified whales transferred $9.98 million worth of USDC on Lighter to purchase LIT tokens.
2. Former BitMEX CEO Arthur Hayes increased his DeFi holdings, selling approximately 1,871 ETH ($5.53 million) over the past two weeks and acquiring 961,113 PENDLE tokens ($1.75 million), 2.3 million LDO tokens ($1.29 million), 6.05 million ENA tokens ($1.24 million), and 491,401 ETHFI tokens ($343,000).
1. Three unidentified whales transferred $9.98 million worth of USDC on Lighter to purchase LIT tokens.
2. Former BitMEX CEO Arthur Hayes increased his DeFi holdings, selling approximately 1,871 ETH ($5.53 million) over the past two weeks and acquiring 961,113 PENDLE tokens ($1.75 million), 2.3 million LDO tokens ($1.29 million), 6.05 million ENA tokens ($1.24 million), and 491,401 ETHFI tokens ($343,000).
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Coinbase's Head of Policy warned that a U.S. ban on offering direct interest on stablecoins would provide China with a substantial competitive advantage. cointelegraph
Cointelegraph
Coinbase Warns Stablecoin Rules Could Hand China an Edge
Coinbase policy chief warns Senate changes to stablecoin rewards under the GENIUS Act could hurt US dollar competitiveness as China expands its digital yuan.
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A year-round ban on cryptocurrency mining will soon be imposed in the Trans-Baikal Territory and the Republic of Buryatia, following a decision by the government commission overseeing the electric power sector. The Ministry of Energy of Russia conveyed the information to TASS.
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Coinbase's Head of Policy warns that a US prohibition on offering direct interest on stablecoins could provide China with a substantial competitive advantage. cointelegraph
Cointelegraph
Coinbase Warns Stablecoin Rules Could Hand China an Edge
Coinbase policy chief warns Senate changes to stablecoin rewards under the GENIUS Act could hurt US dollar competitiveness as China expands its digital yuan.
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The TRUMP team withdrew an additional $33 million worth of USDC from the liquidity pool and transferred it to Coinbase. Over the past month, the team has cumulatively withdrawn $94 million in USDC from the liquidity pool and moved it to Coinbase.
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Ethereum hit a new record this week with 2.2 million transactions in a single day, accompanied by an average fee of approximately $0.17. Transaction fees have declined significantly from a peak of over $200 in May 2022. On Monday, the Ethereum staking withdrawal queue fell below the staking queue for the first time in six months, with nearly twice the amount of ETH staked compared to the amount being withdrawn. cointelegraph
Cointelegraph
Ethereum Network Activity Surges as Transaction Fees Fall to 17 Cents
Ethereum hit 2.2 million daily transactions as average fees fell to 17 cents, following major upgrades Pectra and Fusaka earlier this year, which improved gas limits, among other features.
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Ethereum reaches new daily transaction high of 2.2 million, with average fees dropping to $0.17, the lowest since May 2022 peak of over $200. Meanwhile, the staking withdrawal queue declined below the staking queue for the first time in six months, and ETH staked remains nearly twice the amount being withdrawn. cointelegraph
Cointelegraph
Ethereum Network Activity Surges as Transaction Fees Fall to 17 Cents
Ethereum hit 2.2 million daily transactions as average fees fell to 17 cents, following major upgrades Pectra and Fusaka earlier this year, which improved gas limits, among other features.
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Alchemy Pay secures money transfer license in Kansas, expanding its regulatory footprint to eleven states across the United States.
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Neo Co-founder Eric Accuses Hongfei of Withholding Financial Data on Neo Foundation
Neo co-founder Eric has publicly accused fellow co-founder Hongfei of failing to provide comprehensive financial information related to the Neo Foundation, calling for a complete and verifiable report. Hongfei responded by stating that he has been advocating for the transfer of Eric's NEO and GAS holdings to the Neo Foundation's multi-signature wallets, but Eric has repeatedly delayed the transfer. Hongfei also indicated that the foundation's financial report is expected to be published in the first quarter of 2026.
Neo co-founder Eric has publicly accused fellow co-founder Hongfei of failing to provide comprehensive financial information related to the Neo Foundation, calling for a complete and verifiable report. Hongfei responded by stating that he has been advocating for the transfer of Eric's NEO and GAS holdings to the Neo Foundation's multi-signature wallets, but Eric has repeatedly delayed the transfer. Hongfei also indicated that the foundation's financial report is expected to be published in the first quarter of 2026.
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BingX Crypto & Financial News
LIT Lighter Launches LIT Trading Platform.
Lighter distributed $675 million in tokens, marking the tenth-largest airdrop in cryptocurrency history. As of Wednesday, approximately 75% of recipients still hold the tokens, while 7% have purchased additional LIT tokens on the open market. More details can be found in the Cointelegraph article.
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South Koreaβs Financial Intelligence Unit announced that the Korbit exchange violated the Special Financial Information Act. The regulator imposed a fine of roughly $1.88 million, issued a warning, and cautioned the CEO.
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Perpetual decentralized exchanges experienced a near threefold increase in trading volume in 2025, reaching approximately $12.09 trillion from $4.1 trillion at the start of the year. cointelegraph
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Binance Futures plans to launch USDβ-Margined perpetual contracts for COLLECTUSDT and MAGMAUSDT on December 31, 2025.
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Initial Jobless Claims fell to 199,000 from a previous figure of 214,000.
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Trump Media has announced its plans to distribute digital tokens to shareholders of DJT.
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