Ethereum Foundation transferred out 1,000 ETH, worth approximately $3.12 million

On December 5, per HTX market data, Ethereum dropped below $3,100, registering a 2.79% 24-hour decline. Or a more concise version (common in U.S. news alerts): December 5: Ethereum falls below $3,100, down 2.79% in 24 hours (per HTX market data).

As of December 5, F2pool data shows the Bitcoin network’s total hash rate is down 18.68% this week, now sitting at 927.57 EH/s—meanwhile, Bitcoin’s price is up 8.34%.

Dec. 5 — Kevin Hassett, director of the White House National Economic Council, said Tuesday it’s time for the Federal Reserve to cautiously cut interest rates, noting the government shutdown’s impact is expected to be larger than anticipated. A larger rebound is forecast for the first quarter of next year, he added, with the 2026 economic growth rate potentially hitting 4% — and the AI economy expanding faster than the internet economy did in the 1990s. Hassett also warned a Supreme Court rejection of tariffs would trigger significant chaos, and said no discussions have been held with President Trump about the Federal Reserve chairmanship. (IG)

On December 5th, per AXIOS, former President Trump’s proposal to ban state-level artificial intelligence legislation faced a setback on Capitol Hill—boosting risk factors for the White House and AI affairs chief David Sax’s next moves. Despite sustained U.S. government pressure, Congress declined to include the key provision in the annual National Defense Authorization Act (NDAA). The White House, however, has no plans to abandon the effort. Three sources with knowledge of the matter told AXIOS the executive order the administration discussed in November—intended to prioritize federal authority over state AI legislation—has returned to the agenda. It’s unclear if the potential order aligns with an earlier leaked draft, which directed the Attorney General to establish an “AI Litigation Task Force” within 30 days to challenge state AI laws.

December 5: Ethereum Mainnet Activity Cools Off, Fees Drop Below Some Layer 2s (Per EmberCN Testing) Ethereum mainnet transaction fees have fallen below those of several major Layer 2 networks, per testing by EmberCN, as on-chain activity cools off. The average mainnet transaction fee currently sits at $0.0017. By contrast, top Layer 2s like Base, Arbitrum, and Optimism charge $0.0055 to $0.0079 per transaction—3-5x higher than the mainnet. At time of writing, Ethereum mainnet gas fees are temporarily at 0.031 gwei.

On December 5, CEA Industries—the treasury arm of BNB’s U.S.-listed entity BNC (NASDAQ: BNC)—responded to a statement from YZi Labs, clarifying that since its PIPE financing in July, BNC has never considered switching to a different token for its digital asset reserve strategy, nor has it launched a competing DAT project. As of December 4, 2025, the company holds 515,554 BNB tokens, with a market value of approximately $4.646 billion. Two days before YZi issued its press release, it submitted a preliminary consent statement proposing to expand and restructure the board of directors. Currently, a majority of the board members are independent directors—complying with Nasdaq rules—and possess the knowledge and experience to effectively oversee operations and drive shareholder value. The board has directly reached out to YZi to establish an open dialogue about its concerns and potential solutions, and is reviewing the issues raised. Shareholders do not need to take any action at this