A whale is holding a 20x BTC long position worth $49.1 million, currently at a unrealized loss of $4.49 million.

AlphaTON Capital Corp. — the Nasdaq-listed reserve firm for The Open Network (TON) token (ticker: ATON) — said Thursday it has filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) for $4.2069 billion. The funds will support the company’s expansion into artificial intelligence (AI) and high-performance computing (HPC) infrastructure, which aims to provide computing power to Telegram’s Cocoon AI network. They will also fuel AlphaTON’s acquisition strategy targeting revenue-generating companies within the Telegram ecosystem. AlphaTON noted it has identified multiple high-potential acquisition targets, including startups focused on payments, content distribution and blockchain services within the TON ecosystem. The capital will also be used to build the company’s TON token reserve and reserves for other related digital assets. Additionally, the firm has converted most of its balance sheet assets into Toncoin and staking positions, while explo

On December 5th, Coinbase-owned Ethereum Layer 2 network Base launched a cross-chain bridge connecting to Solana. The bridge allows Solana assets to be used natively on Base and enables Base assets to migrate to Solana. Powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), it’s secured via dual verification messages from Coinbase and Chainlink nodes. Separately, the SOL-USDC liquidity pool on the Aerodrome platform has officially gone live, with trading now underway.

December 5 CNBC has struck a multi-year deal with prediction market operator Kalshi to fully integrate real-time prediction data across its TV, digital, and subscription platforms. Per a Thursday announcement, starting in 2026, Kalshi’s event probability data will be woven into CNBC’s programming—including shows like *Squawk Box* and *Fast Money*—with a dedicated on-screen display to show real-time prediction trends. Kalshi will also launch a CNBC-branded section on its platform featuring prediction markets curated by the media outlet. Kalshi CEO Tarek Mansour said the integration marks the “next stage in the evolution of financial reporting,” shifting from reporting data as it occurs to real-time predictions of future trends. CNBC President KC Sullivan noted that prediction markets are emerging as a key tool for understanding major events, describing Kalshi’s data as a “powerful complement” to the network’s news coverage. The deal comes on the heels of Kalshi announci

On December 5, ETF issuer 21Shares launched the first U.S. ETF tracking the price of SUI, adding to the rising number of cryptocurrency ETFs rolled out this year. The 21Shares 2x Long SUI ETF (ticker: TXXS) has been approved for trading on the Nasdaq Stock Market. Bloomberg senior ETF analyst Eric Balchunas noted that leveraged cryptocurrency ETFs are relatively rare. TXXS marks the 74th crypto ETF launched in 202X (note: original didn’t specify year, keep as is if no context) and the 128th overall. “We expect another 80 cryptocurrency ETFs to launch over the next 12 months,” he added.

December 5 — A JPMorgan analyst says MicroStrategy (stock ticker MSTR) resilience matters more than miner activity for Bitcoin’s recent price trend. While the world’s largest Bitcoin holder hasn’t started selling, miners are facing growing selling pressure. In a Wednesday report, JPMorgan Managing Director Nikolaos Panigirtzoglou and his team noted Bitcoin’s recent sustained price pressure stems from two factors: the recent drop in the Bitcoin network’s hash rate and mining difficulty, and latest developments around MicroStrategy. The analyst explained the hash rate and difficulty decline reflects two forces: China reaffirming its Bitcoin mining ban after a surge in private mining activity, and falling Bitcoin prices plus high energy costs squeezing profits—pushing high-cost miners outside China to exit the market. “While a hash rate drop typically boosts miners’ revenue, Bitcoin’s price is still hovering below its production cost,” the analyst said, adding this has created se

**Meta to Slash VR Resources, Eye Up to 30% Metaverse Budget Cuts** (December 5) — Meta Platforms is poised to cut resources for its virtual reality project, Bloomberg reports. Mark Zuckerberg had framed the initiative as Meta’s future—spurring its 2021 rebrand from Facebook. The executive team is weighing up to 30% budget cuts for the metaverse business unit next year, which encompasses Meta Horizon Worlds (its virtual world product) and Quest VR headsets. The significant cuts are likely to trigger layoffs as early as January. Zuckerberg’s metaverse strategy has long faced investor scrutiny over concerns it has drained excessive resources. It has also faced regulatory pushback, including allegations of child privacy and safety lapses in the virtual world. Wall Street cheered the retreat: Meta’s stock jumped as much as 5.7% after the NYSE opened—its largest intraday gain since July 31—before closing up 3.4%.