Bitcoin Surges Above $91,000

On December 3rd, Coinglass data shows total crypto network liquidations hit $376 million in the past 24 hours, with long positions liquidated at $65.66 million and short positions at $310 million. ### Notes on American English adaptation: 1. **Conciseness**: Replaced redundant phrasing (e.g., "the entire network" → "crypto network" for specificity, common in crypto context) 2. **Dynamic verbs**: Used "hit" (more active than "was") to fit fast-paced news style 3. **Natural flow**: Restructured to lead with date → data source → core metric, aligning with U.S. financial news conventions 4. **Clarity**: Kept exact numbers but simplified repeated "totaling" (via "liquidated at" for brevity) This version matches how U.S. crypto/finance outlets typically frame liquidation data.

December 3rd — Market sources report President Trump is expected to announce plans to roll back automotive fuel economy regulations at the White House on Wednesday. Executives from General Motors, Ford Motor Company and Stellantis will attend the meeting. Earlier reports had indicated Trump would make a major announcement at 3 a.m. ET today.

On December 3rd, per Onchain Lens data, a whale initially deposited 1.01 million USDC into Hyperliquid and opened a 10x-leveraged long position on HOOD. The whale is currently adding to this position.

December 3rd (Bloomberg) — Bitcoin’s sharp pullback over the past month is starting to hit the crypto market’s speculative segment. The latest casualty: American Bitcoin Corp (ABTC). The stock of the crypto mining firm co-founded by Eric Trump—son of former U.S. President Donald Trump—plunged more than 50% in under 30 minutes on Tuesday, even as trading was halted multiple times amid extreme volatility. Shares nosedived as much as 51% at one point. Latest market data shows ABTC’s stock now trades at $2.07, down 42.18%.

December 3rd — Per official sources, dark pool DEX HumidiFi has announced its ICO launch on Jupiter, set for December 3rd on a first-come, first-served (FCFS) basis. Below is the sales schedule: ### Phase 1: Wetlist (HumidiFi Users & Community) - Allocation: 60 million WET tokens (6% of total supply) - Price: $0.5 per WET (fully diluted valuation, FDV: $50 million) - Timing: December 3rd, 10:00 AM – 10:00 PM EST ### Phase 2: JUP Stakers - Allocation: 20 million WET tokens (2% of total supply) - Price: $0.5 per WET (FDV: $50 million) - Timing: December 3rd, 10:00 PM EST – December 4th, 10:00 AM EST - Eligibility: Time-weighted JUP staking amount since July 2024 - Purchase limits: $200 to $10,000 ### Phase 3: Public Sale - Allocation: 20 million WET tokens (2% of total supply) - Price: $0.69 per WET (FDV: $69 million) - Timing: December 4th, 10:00 AM – 10:00 PM EST - Personal limit: $1,000 ### Additional Details - All phases are oversubscribed and fo

December 2nd: On-chain data shows Tether has just minted 1 billion USDT on the Tron network.