Unlimit Launches Stablecoin Decentralized Clearing Platform Stable.com

On December 2nd, on-chain analyst Ai Yi (@ai_9684xtpa) noted that a whale with short positions in 21 meme coins now holds an unrealized gain of $6.417 million. The whale address "0xa31...8aD1E" has stuck to a "short meme coins" strategy since June this year. Its profits spiked sharply after the October 11th flash crash, pushing total account profits above $78.86 million. Currently, among its 22 positions, only ENA is held long (and is in the red), while all 21 short positions are profitable.

On December 2, crypto liquidity provider Wintermute released a market report noting that Bank of Japan (BOJ) rate hike expectations have fully erased last week’s stable market conditions and triggered widespread deleveraging. The market structure has been cleanly reset: leverage has dropped sharply, funding has returned to neutral, and spot participation has risen markedly. While trading now hinges on macro logic, major currency pairs no longer look as fragile. From a structural standpoint, conditions are actually improving: Basis levels have fallen to cyclical lows—Bitcoin’s 90-day annualized basis is around 4-5%, Ethereum’s 3-4%—reflecting ongoing accumulation of leveraged long positions. Total open interest (OI) for perpetual contracts has declined from ~$230 billion in early October to ~$135 billion currently, clearing excess leverage and reducing the risk of further cascading liquidations. Spot trading volume share has increased, and despite the Thanksgiving holiday impact,

**Huobi HTX Launches "Hunting AI Plan 3: Ultimate Showdown" Screenshot Sharing Event** December 2, 2025 – Official sources confirm Huobi HTX has rolled out the "Hunting AI Plan 3: Ultimate Showdown" screenshot sharing event. The event runs from December 2, 2025, through December 4 at 23:59 UTC+8. To qualify: 1. Successfully copy trades from 8 human celebrity traders (Lao Wang Community, Coin Circle Assistant, San Pang, Long Tian, Pivot Resonance Community, BitOldMai, Huobi HTX Research Team Analyst David, Jay) **and** DeepSeek AI. 2. Post clear screenshots of the copied trades in the event post or under the #Hunting AI Plan 3: Public Copy Trading topic. Eligible users can win 10 USDT in contract bonuses or copy trading credits. **Note**: Rewards are limited to 100 users per day, awarded on a first-come, first-served basis while supplies last.

On December 2nd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the whale who has shorted BTC four times since March this year just closed out 20 BTC of its short position 15 minutes ago, netting a $501,000 profit. This brings the whale’s total realized profits from BTC shorts to over $57.58 million so far in 2024. The whale still holds 1,081.98 BTC in short positions, with $26.83 million in unrealized profits, a position value of $93.60 million, an entry price of $111,499.3, and $9.425 million in accumulated funding fee income. Currently, the whale has placed 1,300 BTC in limit buy orders across the $67,244 to $67,844 price range. It plans to close its remaining short position for profit and go long if BTC falls to that level.

On December 2, Sahara AI issued a statement debunking a market rumor that its token’s abnormal sharp drop on November 29 was caused by a liquidity provider liquidation. Amber Group and Herring Global—SAHARA’s designated liquidity providers—confirmed they engaged in no abnormal activity during the incident. The SAHARA token’s smart contract remains secure, and all token management and custody are fully managed by the foundation. Per the foundation, initial data points to the price swing being primarily driven by a surge in perpetual futures liquidations and heavy short positions at the time. The full context remains unclear, and additional confirming details are pending.

December 2 (Bloomberg) — Federal Reserve Governor Michelle Bowman told the House Financial Services Committee on Friday that she aims to craft new rules for banks and stablecoin issuers, as regulators seek to ensure healthy competition between Wall Street, fintech firms and cryptocurrency companies. In prepared remarks for the hearing, Bowman said: “As a regulator, my responsibility is to foster responsible innovation—and we must continuously boost our ability to oversee the safety and soundness risks posed by new technologies. These innovations can create a more efficient banking system that expands credit access while enabling banks to compete fairly with fintech and digital asset firms.” Bowman also noted she will collaborate with other agencies to set stablecoin capital and compliance requirements in line with the Genius Act, which mandates formal registration for issuers and requires them to hold reserves equal to the value of outstanding stablecoins.