Solana Co-Founder: Cryptocurrency Market Cap Will Continue to Rise, Ultimately Leading to Blockchain Market Share Battle
December 5 — Solana co-founder Anatoly Yakovenko took to social media to share his perspectives, stating:
“The current high valuations reflect the risks and opportunities across the entire crypto industry. I believe the total crypto market cap will keep rising, and eventually, capital will have to be reallocated based on revenue. This transition will be a long, hard-fought battle for market share—only the blockchains that compete fiercely and emerge victorious will survive.”
4 minutes ago
Kalshi This Week Update: Valuation Reaches Billion-Dollar Club, to Provide Data to Multiple Mainstream News Outlets
**Prediction Markets Surge: Kalshi Lands $10B Funding, Expands Key Partnerships**
Prediction market platforms have grown rapidly lately, with Kalshi and Polymarket posting record monthly trading volumes in November. YZi Labs also announced investments in prediction markets Opinion and predict.fun this week.
Kalshi made waves with a $10 billion funding round at a $110 billion valuation—catapulting co-founder Lopes Lara to the world’s youngest self-made female billionaire. The platform quickly rolled out three major partnerships:
- A collaboration with Solana to migrate its prediction market to the blockchain;
- A role as CNN’s official prediction market partner, with Kalshi data featured in real time on the news outlet’s programs;
- Full integration of Kalshi’s data across CNBC’s TV, digital, and subscription platforms.
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Preview: Tonight at 11:00 PM ET, the U.S. will release the September Core PCE Price Index YoY, with an expected rate of 2.9%.
**U.S. September Core PCE Price Index (YoY) Scheduled for Friday, Dec. 5 at 11 PM Beijing Time**
The U.S. Department of Commerce will release the **September Core Personal Consumption Expenditures (PCE) Price Index (year-over-year)** on Friday, December 5 at 11:00 PM Beijing Time.
- **Consensus forecast**: 2.9%
- **Previous reading**: 2.9%
### Notes on American English adaptations:
1. **12-hour time format** (11 PM instead of 23:00) – standard for U.S. media.
2. **Abbreviations & clarity**: "Dec." (not "Dec"), "PCE" defined on first mention (common in U.S. financial news).
3. **Terminology**: "Consensus forecast" (more widely used than "expected" in U.S. economic briefs) and "previous reading" (standard for data releases, vs. "previous value").
4. **Structure**: Concise headline + bullet points for key metrics (follows U.S. news wire style).
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Bank of Japan: The Bank of Japan will raise interest rates to 0.75% in December, followed by an interest rate hike every six months
Dec. 5 — Takayasu Kudo, an economist at Bank of America, said in a report that the Bank of Japan (BOJ) is expected to raise its target interest rate from 0.5% to 0.75% at its Dec. 18-19 meeting, and then continue hiking the policy rate every six months thereafter.
“Recent corporate earnings, wage negotiations, yen depreciation in the foreign exchange market, and dialogues with the government have made the BOJ increasingly confident it can raise rates at the upcoming December meeting,” he noted.
Kudo also predicts the BOJ will hike rates in June 2026, followed by additional increases in January and July 2027.
(Kyi)
4 minutes ago
Binance will support the Terra (LUNA) network upgrade
Dec. 5th Official Announcement: Binance will suspend Terra (LUNA) network token deposit and withdrawal services at 20:05 UTC+8 on Dec. 8, 2025, to support the network’s upgrade.
The Terra project team plans to carry out the upgrade at block height 18,660,000 (expected at 21:05 UTC+8 on the same date).
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Solmate is planning to acquire all the shares of RockawayX through a full-stock transaction, transforming into an integrated crypto business group.
On December 5, Solmate Infrastructure—the Solana-focused infrastructure firm listed on Nasdaq under ticker SLMT—announced via Businesswire that it has signed a non-binding letter of intent (LOI) to merge with RockawayX. The move marks the company’s shift from a treasury-focused entity that passively manages digital assets to an integrated crypto business group spanning infrastructure, liquidity solutions, and asset management.
Under the proposed deal, Solmate will acquire all outstanding shares of RockawayX in an all-stock transaction, creating a unified crypto enterprise with end-to-end capabilities across its target verticals. The combined entity will retain the Nasdaq ticker SLMT. The transaction is targeted to close in the first half of 2026, subject to the execution of a final binding agreement, receipt of required regulatory and shareholder approvals, and satisfaction of customary closing conditions.
4 minutes ago
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