PANews, December 5—According to CoinDesk, James Butterfill, Head of Research at crypto asset management firm CoinShares, stated in a report that the Digital Asset Treasury (DAT) bubble has largely burst. By the summer of 2025, some companies that were trading at 3 to 10 times their market value net asset value (mNAV) have now fallen back to around 1x or even lower. This trading model, which once regarded token treasuries as a growth engine, has undergone a sharp correction. The next move depends on market behavior: either prices fall further, triggering disorderly sell-offs, or companies hold their positions and wait for a rebound. Butterfill said he is more inclined toward the latter, citing an improving macro environment and a possible interest rate cut in December, which would support cryptocurrencies. Butterfill pointed out that the bigger challenge lies in structural issues. Previously, a group of companies...

BlockBeats news, on December 5, Layer1 blockchain peaq, which focuses on the Machine Economy, recently released a brand new video featuring a Web3-native robot co-owned by the community, showcasing peaq's vision for a community-driven future robot ecosystem. The robot in the video, Milo, has an exclusive Peaq ID, which can be understood as its on-chain identity card. With this identity, it can interact with different applications within the peaq ecosystem. Robot Milo earns income by completing tasks, and the rewards are sent directly to its on-chain wallet; at the same time, its work trajectory and daily processes are fully recorded on-chain, and users can interact with it using peaq tokens. This video clearly outlines peaq's vision of a "community-owned" ecosystem.

Jinse Finance reports that SoftBank is reportedly in talks to acquire asset management company DigitalBridge.

Odaily Planet Daily news: Liquid Capital posted on X stating, “After the Ethereum Fusaka upgrade, the blob base fee skyrocketed by 15 million times. The core reason is that EIP-7918 introduced a ‘minimum fee mechanism’ for blobs—previously, there was no minimum limit on blob fees, so they were stuck at 1 wei (almost free) for a long time, resulting in nodes shouldering the costs of KZG verification and more without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring fees to the real network cost. This design allows prices to reflect actual resource consumption (preventing L2s from using network resources for free), and also uses price fluctuations to regulate blob traffic and prevent congestion, while PeerDAS technology increases blob storage capacity; this

PANews, December 5—According to Jintou, Joanne Hsu, Director of the University of Michigan's Consumer Survey, stated that the preliminary December consumer sentiment index rose by 2.3 points to 53.3, an increase within the margin of error. This month's growth is mainly concentrated among younger consumer groups. Although views on current conditions have changed little, expectations have improved—personal financial expectations rose by 13%, and the trend of improvement is seen across all age, income, education, and political orientation groups. However, the December personal finance expectations index is still nearly 12% lower than at the beginning of the year. Labor market expectations have improved slightly but remain relatively sluggish. Consumers believe some indicators have improved slightly compared to November, but overall sentiment remains generally cautious, with the burden of high prices continuing to be cited as a major ongoing pressure. Looking ahead, one-year inflation expectations fell from 4.5% in November to 4.1% in December, the lowest level since January 2025.

Odaily Planet Daily News: Kevin Hassett, the Director of the White House National Economic Council and a leading candidate to become the next Federal Reserve Chair, reiterated on Friday his expectation that Fed policymakers will cut interest rates at next week's meeting. "Now is a good time for the Fed to cautiously cut rates again," he said on Fox Business Channel. He predicted that as the economy recovers from the recent federal government shutdown and new factories come online, there will be an economic boom in early 2026. Hassett also publicly supported Treasury Secretary Besant's proposal to add a residency requirement for regional Fed presidents. Hassett said, "The reason we established all these regional Feds was to ensure a federal system where regions with different concerns could all have a voice at the decision-making level." Besant said on Wednesday that she would push for new rules requiring candidates for regional Fed presidents to have lived in their district for at least three years—a measure the Trump administration accuses the Fed of exceeding...

Odaily Planet Daily news: SlowMist’s Cosine posted on the X platform that user Babur suffered a theft of crypto assets worth $27 million. According to analysis, the stolen assets mainly involve two addresses: Solana address 91xu and Ethereum

The Blockchain Association has appointed Lindsay Fraser from Uniswap Labs as Head of Policy Affairs, aiming to promote the establishment of a regulatory framework for the crypto market. Fraser will focus on the progress of market structure bills, stablecoin legislation, and crypto tax policies to facilitate related discussions.

Odaily Planet Daily reports that Eli Ben-Sasson, CEO of StarkWare and co-founder of Zcash, stated on the X platform that in his first conversation with Michael Saylor, founder and executive chairman of Strategy, he explained Starknet's mission to promote the development of the Bitcoin economy. In addition, another topic they discussed was privacy. Saylor believes that Bitcoin should not have privacy features, or at least should not adopt a privacy model similar to Zcash, as this would give sovereign states a reason to ban it. Ben-Sasson disagrees. Ben-Sasson believes that it is possible to balance both, i.e., to provide privacy protection while allowing for key viewing. They also exchanged views on OPCAT. Saylor is concerned that changes

The proposal to ban state-level artificial intelligence legislation, promoted by U.S. President Trump, failed to pass in Congress, increasing the risks for the White House and the AI affairs director. Although Congress refused to include relevant provisions in the defense policy bill, the White House has discussed reissuing an executive order to take precedence over state legislation and may establish an "AI Litigation Task Force" to address state laws.

BlackRock's IBIT attracted $222.9 million in inflows over the past two weeks, while spot Bitcoin ETFs saw outflows of $275.6 million. During this period, Ethereum's inflows contrasted sharply with Bitcoin's outflows, and the ETH/BTC exchange rate rose by 5.77%.

Odaily Planet Daily news: On-chain detective ZachXBT previously revealed that Danny / Meech, also known as Danish Zulfiqar (Khan), is suspected to have been arrested by law enforcement and had his crypto assets seized. He was involved in the $243 million Genesis creditor theft in August 2024, along with Malone, Veer, Chen, and Jeandiel. However, The

Gate News bot message, The cost metrics for Bitcoin mining operations have reached notable levels, with public mining companies now spending $74,600 in cash costs to produce a single bitcoin. The comprehensive expenses, which factor in depreciation and SBC (Share-Based Compensation), total $137,800

BlockBeats News, December 5, according to official sources, Pendle released its 2025 annual review and summary: The platform’s average annual TVL in 2025 reached $5.8 billion, with a peak of $13.4 billion, representing a 79% increase compared to last year. Total trading volume was $47.8 billion, up 36.5% year-on-year. The number of users increased by 155,553, a 48% growth over 2024. The main investment allocations on the platform were 85% stablecoins, 3% Bitcoin, 5% Ethereum, and 7% others. Pendle provided $58 billion in fixed income, a 161% year-on-year increase. Pendle’s product Boros, launched in 2025, reached a trading volume of $5.5 billion within four months, with open contract volume reaching $80 million.

Genius Group purchased 42 Bitcoins in November 2025, increasing its treasury to 180 Bitcoins, with an average Bitcoin cost of $89,700, and made a profit of $1 million from the transaction. Previously, its reserves had decreased to 138 Bitcoins due to the sale of 62 Bitcoins.

BlockBeats News, December 5 — Today, seven associations including the National Internet Finance Association of China jointly issued a “Risk Warning on Preventing Illegal Activities Involving Virtual Currencies and Other Related Matters.” According to the warning, virtual currencies cannot be used as currency for circulation and use within China, and China’s financial regulatory authorities have not approved any activities related to the tokenization of real-world assets. Relevant institutions are prohibited from conducting any business related to virtual currencies or the tokenization of real-world assets. Previously, on April 13, 2022, the National Internet Finance Association of China had jointly issued an “Initiative on Preventing Financial Risks Related to NFTs,” resolutely curbing the trend of financialization and securitization of NFTs, strictly preventing the risks of illegal financial activities, and consciously adhering to codes of conduct. The joint initiative called on member units not to directly or indirectly invest in NFTs and not to provide financing support for NFT investments. It also prohibited the weakening of NFT attributes by means such as splitting ownership or batch creation.

ChainCatcher 消息，据 CertiK Alert 监测，USPD 合约遭到攻击事件损失约 100 万美元。攻击者通过操控存储数据实施攻击，整个攻击过程历时 2 个月。据分析，攻击分为两个阶段：攻击者抢先执行合法初始化交易，向 USPD 稳定器添加恶意中间代理；攻击者通过恶意代理为其合约授予特权角色，并在 78 天后利用该特权实施攻击。

Bubblemaps has revealed the identity of the WET sniper, stating that "Ramarxyz" controls 70% of HumidiFi tokens and is involved in refunds. The investigation found that out of 1,530 addresses, 1,100 are linked to the same entity. This sniper masked their tracks by using new wallets, with each address receiving 1,000 USDC before the presale.

BlockBeats news, on December 5, the on-chain Launchpad project "Boundless Engine" platform token BLR will begin trading tonight at 20:00. The platform focuses on building liquidity in the Meme coin sector, providing full-cycle support for Meme projects from launch and liquidity injection to ongoing incentives through the integration of automated liquidity staking mechanisms and a multi-tiered rewards system.

The chairman of the Financial Market Committee of the Russian State Duma stated that cryptocurrencies and stablecoins will become a legislative focus next year, aiming to establish a legal framework for digital finance. Russian regulators are preparing to ease restrictions on cryptocurrency trading and will introduce comprehensive regulatory policies in 2026. Currently, only limited market participants can trade crypto assets under the "experimental legal regime."

PiBridge has announced a groundbreaking feature in the Pi Network ecosystem: Pi-backed loans. This new offering will allow users to collateralize their Pi holdings and access instant loans in USD without having to sell their assets. The platform aims to provide Pi pioneers with the ability to unlock liquidity and gain access to capital while maintaining long-term exposure to Pi. The Pi Collateral Loan system enables users to use their Pi as collateral to secure withdrawable, spendable, an

Today, the US Personal Consumption Expenditures (PCE) inflation data will be officially released. The market expects the PCE and core PCE data for September to remain roughly unchanged from the previous month. The overall PCE inflation rate is expected to rise slightly to 2.8%. This data will directly influence the Federal Reserve’s decision on rate cuts and future economic forecasts, especially in the context of expiring cryptocurrency options, with Bitcoin and other cryptocurrency markets expected to experience volatility. Wall Street expects September PCE inflation to remain “sticky,” with core PCE growing 2.9% year-over-year. Market analysts believe that if this month’s data comes in below expectations, the likelihood of a Fed rate cut will increase. The Fed’s stance is especially critical; CME’s FedWatch tool shows that the market sees an 87% probability of a 25-basis-point rate cut in December, bringing the target rate down to the 3.50%-3.75% range.

PANews 12月5日消息，据mlmonchain监测，某巨鲸在过去30分钟内做空了37.5万枚HYPE（价值1,210万美元）——此空头规模几乎与其现货持仓量相当。 该钱包目前持有40万枚HYPE（价值1,290万美元），其中20万枚已质押，另外20万枚正处于解除质押队列中。

Amid the complex and ever-changing market information, what truly matters? "Gate Web3 News Selection" aims to filter out the noise for you. Every day, we curate the most important news from the global crypto market to help you quickly grasp key trends, save time, and gain early insights. 1. Hassett: The Fed May Cut Rates at Next Meeting, Expected Decrease of About 25 Basis Points Kevin Hassett, Director of the White House National Economic Council, stated that the Federal Reserve may cut interest rates at its next meeting, and the expected cut is about 25 basis points. Regarding the next Fed Chair candidate, he said the Chair needs to be someone who responds to data.

On the Polymarket platform, a trader earned nearly $1 million by accurately predicting the 2025 Google search rankings, sparking controversy over insider trading in prediction markets. The trader, with the wallet address "0xafEe" (formerly known as "AlphaRaccoon"), successfully predicted the outcomes of almost all Google search trend markets, including some obscure options. The trader's biggest win came from correctly predicting the "Yes" option that d4vd (a 20-year-old singer) would be the most searched person in 2025, turning a $10,647 bet into nearly $200,000. At the same time, he also made significant profits by betting on the "No" option for figures such as Bianca Censori, Pope Leo XIV, and Trump.