Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

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.

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).

**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

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

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.

Chainalysis data shows that as of December 3rd, pump.fun transferred 75 million USDC to Kraken just two hours ago. Since November 15th, the platform has sent a total of 555 million USDC (all from ICO sales) to Kraken over the past two weeks.