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The American Bitcoin price supported by the Trump family has plummeted by 35% due to a lock-up release of shares.

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Bloomberg reported Tuesday (Dec. 3) that shares of American Bitcoin Corp.—the crypto mining firm co-founded by Eric Trump—plummeted following the expiration of a lock-up period. Shares tanked more than 50% within 30 minutes of the opening bell, triggering multiple circuit breakers. By 2:30 p.m. ET, losses had pared, with the stock closing at $2.33—down 35% from the prior trading session. The firm rang the Nasdaq opening bell on Sept. 16.
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Analysis: Bitcoin Key Resistance Levels at $99,000 and $122,000

On December 3rd, analyst @ali_charts pulled data from Glassnode, noting two key Bitcoin resistance levels to watch—derived from the price range tied to its Market Value to Realized Value Ratio (MVRV): ? $99,070 ? $122,060 ### Notes on American English adjustments: 1. Added **"On"** before the date (standard for specific dates in U.S. usage). 2. Replaced "cited glassnode data" with "pulled data from Glassnode" (more conversational, common in financial updates; capitalized **Glassnode** as a proper noun). 3. Swapped "to indicate that" for "noting that" (concise, typical of quick news blurbs). 4. Restructured to lead with "two key Bitcoin resistance levels" (prioritizes the actionable info, U.S. readers prefer directness). 5. Used em dashes for clarity (links the resistance levels to their MVRV context smoothly). 6. Removed the trailing semicolon on the last bullet (cleaner, standard in U.S. list formatting).

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Standard Chartered Bank is actively pursuing Blockchain Finance, believing it will replace traditional financial infrastructure

On December 3, Trustdata News reported that Didier von Daeniken, Standard Chartered’s Global Head of Commercial and Investment Banking, said Distributed Ledger Technology (DLT) and blockchain will eventually replace traditional financial market infrastructure—and financial institutions that fail to keep up will face being phased out. Standard Chartered is actively pursuing initiatives like tokenized deposits, stablecoins, and Central Bank Digital Currencies (CBDCs) to strengthen its market competitiveness.

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Whale 0x26b5 bought another 1.83M $EDEL($56K) and now holds 3.15M $EDEL($104K).

A week ago, whale 0x26b5 spent 50K $USDC to buy 1.32M $EDEL. Today, he bridged 20 $ETH($56K) to Base and bought another 1.83M $EDEL. He now holds a total of 3.15M $EDEL($104K).

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Last night, the crypto space experienced a "bullish tailwind," with major institutions showing signs of support amid expectations of increasing liquidity easing.

**Crypto Rebounds Strongly (Dec 3) – Key Updates** The crypto market posted a long-awaited sharp rebound overnight and this morning. As of press time, major coins like Bitcoin and Ethereum have recouped losses from the Dec 1 sell-off: Bitcoin briefly hit $92,000, while Ethereum climbed back to $3,000. ### Top News Drivers: - **Vanguard’s Crypto Debut**: The world’s second-largest asset manager will let its 8 million self-directed brokerage clients trade BlackRock’s Bitcoin spot ETF—its first crypto access for retail investors. Bank of America separately advised clients to allocate 1%-4% of portfolios to digital assets. - **Fed Chair Hint**: Trump strongly suggested Kevin Hassett could take over as Fed Chair at a press conference, again criticizing Jerome Powell for not cutting rates. Markets are betting the crypto-friendly Hassett will get the role. - **Fed Ends QT**: The Fed officially confirmed it’s ending quantitative tightening yesterday. While some say effects won’t ma

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Aave is planning to sunset its deployments on zkSync, Metis, and Soneium, setting a $2 million revenue threshold for new chains.

On December 3rd, the Aave DAO approved a temperature check vote to revise its V3 multi-chain deployment strategy, planning to sunset deployments on zkSync, Metis, and Sony Soneium, while setting a clear $2 million annual revenue floor for future deployments. Aave currently operates on at least 18 blockchains, including multiple Ethereum Layer 2 networks and Layer 1 chains like Aptos and Sonic. Now, ACI—Aave’s primary delegation platform—appears to be scaling back some expansion plans and imposing stricter requirements for new deployments. As part of the proposal, ACI also recommends establishing the $2 million annual revenue floor for future deployments and introducing a stablecoin “reserve factor” for smaller revenue-generating instances. Per forum discussions, ACI’s Growth Service Provider (Growth SP) has proposed sunsetting Aave deployments on zkSync, Metis, and Sony Soneium, as these instances have failed to align with market demand. The total value locked (TVL) across these

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「Ultimate Shorter」 Successfully Closed Out a Significant Amount of Their BTC Short Position to Take Profit, Reducing Their Position by Approximately $30 Million

On December 3rd, data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN) indicates that within the past 6 hours after BTC broke above $92,000, the "Ultimate Bear" whale address 0x5D2 has continued to close out its profitable BTC short positions. Key updates: - ~$30.17 million in short positions have been closed, yielding a profit of $3.86 million. - Unrealized profits still held: ~$17.6 million. - Current position size: ~$80.97 million, with an average entry price of $111,500. - Liquidation price has risen from $94,800 to $101,000. - This address now holds the top 1 BTC short position on Hyperliquid. Additional monitoring notes: - The address has withdrawn over $34.09 million in account margin and transferred a total of $40 million to a Binance wallet. - Today, an extra $3 million in account margin was transferred to close out a short position and raise the average price.

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