[Crypto World] In the past 24 hours, Upbit has performed quite impressively—with trading volume surging to $1.255 billion, up 9.52% from the previous day.
Looking at CoinGecko’s data, the trading distribution of popular coins is quite interesting:
XRP leads by a narrow margin, accounting for 13.42% of trading volume with a turnover of about $169 million; Bitcoin follows closely at 13.41% with about $168 million—just a few hundred thousand dollars difference between the two. Ethereum ranks third, making up 12.18% with approximately $153 million traded. USDT and SOL take the fourth and fifth spots with 6.13% and 4.34% respectively, and their trading volumes are around $76.94 million and $54.54 million.
The top three coins each hold over 12% share, indicating that mainstream coins are still the main battleground for capital. The close competition between XRP and BTC could be related to recent market sentiment and fund flows.

According to data from mining company Bitdeer, as of December 5, its self-owned Bitcoin holdings had dropped to 1,992.6 BTC. This week, it mined 131.5 BTC but sold 130, resulting in a net decrease of 148.5 BTC in its holdings. Such fluctuations are common among mining companies and may reflect mining cost pressures or judgments about short-term Bitcoin price trends.

A recent large ETH transfer has attracted attention: a new wallet address received 22,676 ETH (approximately $68.86 million) from BitGo. According to on-chain analysis, this may be related to Bitmine and is typically indicative of institutional portfolio rebalancing. The subsequent movement of these funds will reveal more market signals.

A mysterious whale has bottom-fished $13.89 million worth of crypto assets on a major exchange, bringing their total holdings to $74.83 million. LINK and ETH make up the largest portions of these holdings. This accumulation move may be seen by the market as a bellwether.

[Crypto World] Looking at SOL’s recent 4-hour trend, the price actually pulled back a bit around 8:00 am on December 4, but compared to 4:00 pm on the 5th, it had another rally and finally closed with a bullish candlestick, forming a bullish engulfing pattern.
Technical analysis: The MACD histogram has been staying in the negative region, but the good news is that it’s gradually narrowing, which indicates that the bearish momentum is weakening. KDJ is only at 8 now, which is clearly oversold—this kind of level often hides rebound opportunities. However, the MA10 and MA30 are still in a dead cross, so the overall trend remains weak. Most notably, trading volume has been shrinking over the past few hours, and both price and volume are declining together, showing a rather subdued market sentiment.
If you want to trade, my personal view is:
For longs, consider building positions in batches in the 123.86–133.0 range, with a stop loss below 123.24; target around 144.67, or if you want to be more aggressive, you could aim for 145–146.

WET will reopen for public sale on December 8, with the team partnering with HumidiFi to strengthen anti-bot mechanisms. Since all previous tokens were locked in the presale vault, re-minting is required to support the sale. This relaunch focuses on enhanced security measures.

[Crypto World] The Chairman of the US Senate Banking Committee, Tim Scott, hinted that the crypto market structure bill might be brought up for discussion as early as December. However, many in the industry are still on the sidelines, as some details have yet to be finalized.
Traditional financial institutions are also making moves. Citadel Securities recently submitted a recommendation to the SEC, proposing that DeFi protocols trading tokenized stocks be regulated according to exchange standards—a move that sparked an uproar in the community with widespread opposition. On the other hand, Bitnomial secured a CFTC-regulated spot exchange license, becoming the first in the US; Vanguard finally gave the green light, approving trading of spot Bitcoin and Ethereum ETFs; Bank of America went even further, advising its wealth management clients to allocate some bitcoin, capping the limit at 4%.
Exchanges are also making waves. Kraken turned tokenized company Backed

[BlockBeats] The veterans from Signature Bank have made another big move—they just launched a new bank called N3XT, and their approach is quite bold: using a private chain as the underlying technology, focusing on "programmable dollars."
This is no joke. N3XT holds a Wyoming SPDI license and has raised $72 million over three funding rounds, with backing from Paradigm, HACK VC, and Winklevoss.

In the crypto world, stablecoins have been propping up half of the entire DeFi ecosystem—a staggering $275 trillion in value flows globally depend on them. But now, this pillar is starting to wobble.
The US dollar has dropped 11% this year, burdened by $38 trillion in debt, and its status as a reserve currency is fading. This isn’t good news for stablecoins pegged to the dollar. USDT boasts a market cap of $183.3 billion, and USDC has $75.9 billion, but their foundation—the creditworthiness of the dollar—is becoming less stable. Unpredictable policy shifts and ongoing currency devaluation pressures have created an uncertainty that feels like a ticking time bomb.
So, some are looking for alternatives. Promax United in Abu Dhabi has teamed up with Burkina Faso, planning to launch Africa’s first gold-backed stablecoin. Their ace in the hole is solid: as much as $8 trillion in gold and mineral reserves. The logic behind this move is straightforward—if the dollar isn’t reliable, then...