Base Launches Solana Cross-Chain Bridge, Enabling Bi-directional Asset Interoperability

Fintech firm SoFi Technologies is aiming to raise $1.5 billion via a new stock issuance to expand beyond its lending operations, Bloomberg reported Dec. 5 citing unnamed sources. The company is working with Goldman Sachs on the offering, which carries a price range of $27.50 to $28.50 per share—roughly a 7.1% discount to its Thursday closing price of $29.60 a share.

On December 5th, blockchain analytics firm Lookonchain reported that a Bitmine address reportedly added 41,946 ETH (valued at approximately $130.78 million) roughly 5 hours earlier.

On December 5, Onchain Lens monitoring showed that a whale address deposited multiple assets into Binance after holding them for over a year, incurring a total loss of more than $4 million. Details are as follows: - Deposited 3.43 million ONDO (valued at $1.69 million), with a loss of $1.03 million - Deposited 621,914 WLD (valued at $387,000), with a loss of $1.11 million - Deposited 967,558 FET (valued at $243,000), with a loss of $1.07 million - Deposited 623,055 ARKM (valued at $146,000), with a loss of $1 million 注：采用美式金融快讯简洁表述，货币符号前置、千位逗号分隔符合美国语言习惯，“valued at”“incurring a loss”等表达贴合英文财经语境。

On December 5, the U.S. Treasury Department’s total sovereign debt issuance topped $30 trillion for the first time, more than doubling since 2018. Figures released Thursday show outstanding Treasury bills, notes and bonds stood at $30.2 trillion as of November—this sum accounts for a major share of the U.S. federal total debt. As of November, the U.S. national debt has reached $38.4 trillion, including obligations to the Social Security trust fund, savings bondholders and other creditors. Data from the Securities Industry and Financial Markets Association indicates the U.S. raised $4.3 trillion via those three bond types in 2020, when the fiscal deficit exceeded $3 trillion. While the deficit has since narrowed (to roughly $1.78 trillion in fiscal 2025), interest payments on the debt alone total $1.2 trillion. Jason Williams, a rate strategist at Citigroup, noted: “The biggest challenge is interest payments. Even if tariff revenue hits $300–400 billion, it’s still far less tha

Thursday, December 5 Executives from Citadel Securities, Coinbase, Galaxy and other firms discussed tokenization at a meeting of the SEC’s Investor Advisory Committee. While tokenization encompasses a range of assets, its core is representing real-world assets on-chain; the panel advises the SEC on regulatory matters and investor protection. BlackRock Senior Managing Director and Global Head of Market Development Samara Cohen noted the meeting featured diverse views. The six-person panel represented “different developmental paths and perspectives,” she said, adding the discussion was valuable and differing viewpoints reflect current challenges—suggesting “there may not be just one solution.” The day before (Wednesday), some crypto advocates criticized a letter Citadel Securities submitted, which drew online pushback from parts of the crypto industry for urging the SEC to impose stricter rules on decentralized finance (DeFi) involving tokenized securities. Earlier Thursday,

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