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Over $247M in Short Positions Liquidated in the Past 4 Hours

More than $247 million in shorts were wiped out, led by Bybit ($60.1M), Hyperliquid ($49.1M), and Binance ($32.5M). Top assets hit were Bitcoin ($122.73M), Ethereum ($58.48M), and Solana ($10.93M).

πŸ‘‰ coinglass.com/LiquidationData
Optimism Completes Upgrade 17 Ahead of Jovian Hard Fork

U17 introduces Jovian protocol controls to curb extreme DA usage, protecting chains from spam while maintaining normal throughput.

It also adds fee-market improvements, including a Minimum Base Fee, flexible Operator Fee settings, and Fusaka defense activation for enhanced security across OP Stack chains.

πŸ‘‰ x.com/Optimism/status/1995881465524224075
Circle Foundation Launches with Pledge 1% Equity Commitment

The Foundation is dedicated to supporting organizations that strengthen financial systems for U.S. small businesses, modernize humanitarian aid globally, and build durable infrastructure for economic participation.

Additionally, the Circle Foundation supports Community Development Financial Institutions (CDFIs) to address critical gaps left by traditional finance.

πŸ‘‰ x.com/circle/status/1995851795684602027
Coinbase Listing Roadmap Adds HumidiFi, zkPass, Plume, Hyperlane, and Jupiter

The tokens WET, ZKP, PLUME, HYPER, and JUPITER are now on the asset listing roadmap, with support planned across the Ethereum, Solana, and Base Networks.

πŸ‘‰ x.com/CoinbaseMarkets/status/1995941672509710466
Stable Unveils STABLE Tokenomics Ahead of Mainnet Launch

STABLE will have a 100B total supply allocated to Ecosystem & Community (40%), Investors & Advisors (25%), Team (25%), and Genesis Distribution (10%).

Genesis tokens unlock 100% at Mainnet, while Team and Investor tokens have a 1-year cliff, and community tokens launch with an 8% initial unlock.

πŸ‘‰ x.com/stable/status/1995930840954802533
Binance to delist FIS, REI, VOXEL on December 17th

StaFi (FIS), REI Network (REI) and Voxies (VOXEL) trading will be ceased at 3:00 UTC. Users will be able to withdraw assets until Feb 16th. The prices of respective tokens were hit significantly.

πŸ‘‰ binance.com/en/support/announcement/detail/f958d031
Astria sunsets its sequencer network after raising $18 million

The project, launched in 2023 and built using the Celestia, pitched itself as the "first decentralized shared sequencing layer." Astria recorded its last block on Monday as part of an unexpected plan to deprecate the network a year after launching its mainnet.

πŸ‘‰ x.com/AstriaOrg/status/1995582337573425626?s=20
Uniswap partners with Revolut to offer fast, seamless onramp

Uniswap has integrated Revolut’s on-ramp, allowing users to move funds directly from their Revolut accounts into crypto on Uniswap. The feature simplifies fiat-to-crypto access by reducing friction, fees, and steps for millions of European users.

πŸ‘‰ x.com/Uniswap/status/1995873897334669428?s=20
Top crypto security projects without their own token (yet)

A look at leading crypto security companies that don’t yet have a token. These teams are building critical infrastructure across transaction security, threat detection, identity and fraud intelligence.
Spot DEX Trading Volume Distribution on major chains

Spot DEX volume continues to concentrate on a handful of chains, with Solana leading. Dominant venues like PancakeSwap, and Uniswap are capturing the majority of onchain trading demand.
Stable launches mainnet and TGE on December 8th

By building a blockchain powered by USDT, Stable aims to redefine how stablecoins are issued and transferred. Prviously, it raised $28M in a funding backed by Bitfinex, Hack VC, Mirana and others.

πŸ‘‰ x.com/stable/status/1996072383992791144
Sonnet BioTherapeutics To Merge With Hyperliquid Strategies Inc

Sonnet BioTherapeutics shareholders approved the merger with Hyperliquid Strategies Inc. and Rorschach I LLC. The biotech firm specializes in oncology treatments built on its proprietary single- and bifunctional biologic drug platform.

πŸ‘‰ finance.yahoo.com/news/sonnet-biotherapeutics-holdings-inc-announces-141700887.html
Binance Appoints Co-Founder Yi He as New Co-CEO

Binance has named co-founder Yi He as its new co-CEO, marking the company’s biggest leadership change since Richard Teng replaced CZ in November 2023 after U.S. enforcement actions. Yi He will now lead the exchange alongside Teng.

πŸ‘‰ theblock.co/post/381196/binance-appoints-co-founder-yi-he-as-co-ceo-alongside-richard-teng
Web3 Foundation Registrations In The Cayman Islands Surged 70% YoY

Cayman Islands foundation registrations rose 70% Year-on-Year, exceeding 1,300 by late 2024 and adding 400+ more in 2025. These entities are increasingly used as legal wrappers for decentralized autonomous organizations (DAOs) and major Web3 ecosystems.

πŸ‘‰ cointelegraph.com/news/cayman-islands-web3-foundation-companies
Crypto Deals Hit Record $8.6B Amid Growing Market Strain

Crypto deal values have surged past $8.6 billion this year β€” an all-time high exceeding the total of the past four years combined. Major acquisitions include Coinbase’s $2.9B purchase of Deribit, Kraken’s $1.5B acquisition of NinjaTrader, and Ripple’s $1.25B buy of prime broker Hidden Road.

πŸ‘‰ bloomberg.com/news/articles/2025-12-03/crypto-deals-hit-a-record-8-6-billion-as-market-strains-grow
Kalshi Becomes CNN’s Official Prediction Markets Partner

Kalshi data will be integrated throughout CNN programming, supporting the newsroom, data, and production teams. A Kalshi-powered real-time news ticker will also run during segments featuring its data.

πŸ‘‰ theblock.co/post/381164/kalshi-cnn-partner
Binance launches parent-controlled crypto app

Binance Junior is a new sub-account app for children and teens aged 6–17, allowing parents to manage crypto savings accounts under their control. Parents must be verified Binance users with 2FA enabled to create a Junior account.

πŸ‘‰ x.com/binance/status/1996158210768568420
Axis Raises $5M to Launch Onchain Yield Protocol for USD, Bitcoin, and Gold

The private funding round was led by Galaxy Ventures, with participation from OKX Ventures, CMT Digital, FalconX, GSR, Maven 11, and CMS Holdings.

The protocol is designed to bring institutional trading strategies onchain for USD, Bitcoin, and gold. During its closed beta, Axis deployed $100 million in private capital to test its arbitrage engine, delivering stable market-neutral returns.

πŸ‘‰ theblock.co/post/381215/axis-5-million-usd-round-galaxy-ventures-onchain-yield-protocol-usd-bitcoin-gold
NEAR launches AI Cloud and Private Chat

NEAR Protocol unveiled NEAR AI Cloud, offering hardware-backed, verifiable privacy for AI workloads using Intel TDX and NVIDIA Confidential Computing. It also launched Private Chat, a verifiably private chat application running on the Cloud.

πŸ‘‰ x.com/NEARProtocol/status/1996220341362786538
MetaMask Introduces Transaction Shield Feature

Transaction Shield protects up to $10,000 per month for safe transactions, including DeFi swaps, lending, NFT mints/sales, and airdrop claims.

Available now on MetaMask Extension across Ethereum, Linea, Arbitrum, Avalanche, Optimism, Base, Polygon, BSC, and Sei.

πŸ‘‰ x.com/MetaMask/status/1995885822533415237
Polymarket U.S. app rolls out in App Store

Polymarket, the prediction market platform, is rolling out its U.S. app to waitlisted users, starting with sports markets. The launch marks the platform's return to the U.S. market, with other prediction markets to follow, and an Android version coming soon.

πŸ‘‰ x.com/Polymarket/status/1996231420117688701?s=20