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Sonnet BioTherapeutics merges with Hyperliquid Strategies Inc for potential $1B HYPE Treasury

Back in July, Sonnet BioTherapeutics said it had agreed to merge with Rorschach I LLC —a newly formed company loosely connected to Hyperliquid-backer and prominent crypto VC Paradigm — as part of its plan to create a publicly-traded HYPE DAT called Hyperliquid Strategies, Inc.

The DAT said at the time it expected to hold 12.6M HYPE tokens and $305M in cash, for a total estimated value of $888M. Then, in October, Hyperliquid Strategies filed an S-1 statement with the U.S. Securities and Exchange Commission for a public offering to raise up to $1B.


🔗 theblock.co/post/381076/sonnet-shareholders-approve-merger-for-1-billion-hype-crypto-treasury

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Polymarket U.S app is now live in App Store

Polymarket has launched its U.S. app for waitlisted users, starting with sports markets. The launch signals the platform’s return to the U.S, with further market types and an Android release expected soon.

ℹ️ Polymarket is a decentralized information markets platform where users can trade on highly-debated topics such. It raised $2.28B backed by Polychain Capital, Blockchain Capital, Coinbase Ventures, Dragonfly and others.


🔗 x.com/Polymarket/status/1996231420117688701

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Stable [STABLE] Dashboard

Stable is entering launch week with strong market attention - but also major sell pressure. With $317M in unlocked supply hitting the market at TGE (10% of total supply), early Genesis holders represent a significant overhang that could shape initial price action.

On Binance pre-market, $STABLE trades at $0.0317, implying a $3.17B FDV, while volume remains high at $14.7M (24h) and price down -57% in a month, signaling strong speculation. With TGE set for Dec 8, 1:00 PM UTC.


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Ethereum [ETH] launches Fusaka Upgrade

Fusaka upgrade raises the gas limit from 45M to 60M, thereby expanding transaction capacity per block. It also introduces Peer Data Availability Sampling, which allows validators to verify data by sampling portions rather than downloading full blobs.

🔗 x.com/ethereum/status/1996258202669695080

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Top 20: Market Rebound Since November 21 Bottom

After the local bottom on November 21, the market saw a steady recovery: all top-20 CoinMarketCap assets moved into the green. The leaders - $BCH, $XMR, $LINK, $XRP, $XLM, $HYPE and $ETH - gained between 17% and 31%, while $BTC and $SOL showed a more moderate yet solid increase in the 15–16% range.

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Top 3 Crypto Activities to Participate
December 3–8, 2025

1️⃣ HumidiFi $WET Public Sale
• Sale Dates: December 3–4
• Platform: Jupiter DTF
• Target Raise: $4.38M
• Tokens on Sale: 100M WET
• FDV Range: $50M–$69M


2️⃣ Aztec $AZTEC Public Sale
• Sale Dates: December 2–6
• Platform: CoinList
• Target Raise: $52.31M
• Floor FDV: $290M
• Unlock: 100% TGE

3️⃣ Stable $STABLE Listing
• Listing Date: December 8, 13:00 UTC
• Pre-Market Price: $0.0317
• Pre-Market FDV: $3.17B
• Total Deposits: $1.95B
• Exchanges: To Be Announced


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Solana Mobile announces SKR token launch in January

$SKR total supply is 10B, with 30% of tokens are earmarked for airdrop and unlock. SKR is designed to power control, economics, incentives, and ownership across the ecosystem, and will be distributed directly to builders and users.

ℹ️ Solana Mobile is a creator of Solana Seeker, an Android-based device pre-loaded with blockchain features like a hardware security solution dubbed key storage, a built-in Solana dApp Store, and an onchain Genesis Token.


🔗 blog.solanamobile.com/post/skr-launches-january-2026

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CZ announces new prediction market on BNB Chain – Predіct․fun

Predіct․fun is a platform built by a former Binance employee and backed by YZi Labs that allows users to earn yield while their positions remain open. Predіct․fun currently has over 12,000 users and a combined market volume of around $300,000.

🔗 x.com/cz_binance/status/1996303447012802623

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Prediction Markets Battle: Kalshi vs Polymarket

Kalshi and Polymarket — both now fully allowed for US users - are locked in a tight battle for prediction-market dominance. While Polymarket leverages deeper investor backing and crypto-native growth, Kalshi leans on its regulated framework and rising open interest to capture the mainstream market.

Use our referral link for Polymarket

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Crypto Predictions by Opinion

Markets on Opinion prediction markets are leaning heavily toward a 25 bps December rate cut, with odds now near 94% and little confidence left in a “no change” scenario. For crypto, traders expect edgeX to open around a $2B FDV, while Bitcoin predictions show minimal probability of a move below $82K in early December.

Opinion Labs is developing dynamic opinion and continuous prediction markets designed to quantify and value human opinion within social networks, backed by YZi Labs, Animoca Brands, Amber Group, Manifold and echo.


Use our referral link to join and earn points on Opinion

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Lighter Dashboard: Top-1 Perp DEX by volume with Spot and Airdrop coming soon

Lighter has established itself as top-1 Perp DEX by trading volume ahead of upcoming airdrop. Spot trading is already rolling out - deposits are open, with trading activation expected soon. The team has hinted that the main token launch may happen soon, and community is also anticipating release of memecoin $LIGER.

On Polymarket, traders are assigning high confidence that Lighter will debut with a valuation above $1B–$2B the day after launch.


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MetaMask prediction markets are live powered by Polymarket

MetaMask is the first self-custodial wallet to integrate Polymarket directly in-app, offering 1-click EVM token funding, quick mobile setup, curated markets, and integrated MetaMask rewards.

Use our referral link for Polymarket


🔗 x.com/MetaMask/status/1996611140881691034

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Canton Network developer Digital Asset raises $50M in funding

The round backers include Bank of New York Mellon Corp., Nasdaq Inc., S&P Global and iCapital. The new funding adds to the $135M the company raised earlier this year.

🔗 bloomberg.com/news/articles/2025-12-04/bny-nasdaq-join-50-million-digital-asset-fresh-funding-in-bet-on-blockchain

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CFTC ends offshore crypto era in the United States

The Commodity Futures Trading Commission (CFTC) has authorised spot Bitcoin $BTC and cryptocurrency trading on federally regulated exchanges for the first time in American history.

For fifteen years, the agency refused to provide regulatory clarity. Pension funds, banks, sovereign wealth - all now have compliant access to spot crypto on platforms that have operated as the gold standard for nearly a century.


🔗 cftc.gov/PressRoom/PressReleases/9145-25

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Base rolls out cross-chain bridge to Solana

Base is now supporting Solana-based assets natively, and enabling the export of Base assets onto Solana via a new cross-chain bridge. The integration is powered by Chainlink’s CCIP.

🔗 theblock.co/post/381437/coinbase-ethereum-l2-base-bridge-solana

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Latest Prominent YZi Labs Investments to Follow

YZi Labs continues to expand its portfolio with a diverse set of high-utility projects across DeFi, CeFi, blockchain infrastructure, prediction markets, and synthetic stables, with protocols including AllScale, Predict, Funes, Concrete, Better Payment, USD.AI and Temple.

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Plume [PLUME] brings Institutional RWA Yield to Solana

Plume $PLUME debuted its Nest yield vaults directly on Solana $SOL. Five new vaults — nBASIS, nOPAL, nTBILL, nWisdom and nAlpha — let Solana users deposit stablecoins for liquid, yield-bearing tokens that can be used across DeFi or redeemed at any time.

ℹ️ Plume is the first fully integrated and modular chain focused on RWAfi, designed specifically for RWA projects, protocols, and capital providers. It has raised $30M in two funding rounds backed by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Reciprocal Ventures.

• Current $PLUME price: $0.02
• Current FDV: $211M


🔗 coindesk.com/business/2025/12/04/plume-brings-institutional-rwa-yield-to-solana-with-debut-of-nest-vaults

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Top 7 Projects Preparing for Upcoming Token Launch

We’ve gathered 7 promising projects that have recently announced key steps toward their upcoming token events – including public sales and TGE dates, as well as possible airdrop distributions – Zama, Lighter, Infinex, Stable, Superform, Humidify, Almanak.

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Top Upcoming Crypto Events of the Next 2 Weeks
December 8–14, 2025

We’ve compiled the most anticipated crypto events happening next week. Stay tuned for exciting updates from these projects throughout the week!

$STABLE $WET $YOM $ASTER $CELO $LINEA #ALMANAK $APT $TAO

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Top 10 Biggest Token Unlocks in the Next 7 Days
December 8–14, 2025

Here are the largest upcoming unlocks to keep on your radar this week

$MOVE $AVNT $LINEA $HOME $MOCA $AGI $APT $BLOCK $BB $PUMP

Data source 🔗 CryptoRank.io

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Weekly Crypto Recap — All Key Events in One Post
December 1–7, 2025

From new prediction products and fresh tokenomics reveals to major cross-chain integrations — plus many other events that shaped this week.

🗣 Did we miss something big? Share your news in the comments!

$TWT $STABLE $WET $SKR $PLUME

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