In the past 4 hours, the entire network has seen liquidations totaling $97.297 million, with short liquidations amounting to only $6.893 million.

On-chain data from Lookonchain shows Circle minted an additional 5 billion USDC an hour ago on December 5. Over the past month, the stablecoin issuer has minted a total of 10 billion USDC.

On December 5, Cloudflare released a post-incident summary noting the day’s outage lasted approximately 25 minutes—and was not caused by a cyberattack.

On December 5, the Federal Reserve’s preferred inflation measure remained below 3% in September and posted a modest monthly gain— a development that may not block the central bank from considering a rate cut at its meeting next week. The U.S. Commerce Department reported Friday that the September PCE price index climbed 0.3% month-over-month, nudging the annual rate slightly higher to 2.8% from 2.7% in August. The core PCE index—stripping out volatile food and energy costs—dropped to an annual 2.8% from 2.9% in August. The monthly gain aligned broadly with Wall Street’s forecasts. Typically, the Fed would have complete data on October inflation and November employment ahead of its final policy meeting of the year. But a government shutdown delayed the release of this data, forcing the Fed to weigh its next steps using a set of outdated official economic indicators. At next week’s meeting, policymakers will debate how to balance elevated inflation and a cooling labor market— a

On December 5th, Li Hua, founder of Liquid Capital (formerly LD Capital), posted on social media: "Since Ethereum’s Fusaka upgrade, the blob base fee has skyrocketed by 15 million times. The core reason is the addition of EIP-7918, which introduces a ‘base fee mechanism’ for blob fees. Previously, blob fees had no minimum limit and stayed stuck at 1 wei (nearly free) for a long time—leaving nodes bearing costs like KZG verification without reasonable returns. Post-upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to actual network costs. This design not only ensures prices reflect real resource consumption (stopping L2s from free-riding on network resources) but also regulates blob traffic via price fluctuations to prevent congestion. Plus, PeerDAS technology has boosted blob storage capacity. Additionally, blob fees are part of the ETH burn mechanism. It’s estimated future burns could be 8x higher, with blob fees potentially contributing 3

As of December 5th, Coinglass data shows: - If Ethereum breaks above $3200, cumulative short liquidation intensity across mainstream centralized exchanges (CEXs) will hit $764 million. - Conversely, a drop below $3000 would trigger $973 million in cumulative long liquidation intensity on the same platforms. BlockBeats Note: Liquidation charts do not display the exact number of contracts to be liquidated or their precise value. Instead, bars reflect each cluster’s significance relative to adjacent clusters (i.e., "intensity"). Higher bars indicate a more intense reaction from a liquidity cascade when the price hits that level.

Dec. 5 — Layer 1 blockchain peaq, focused on the Machine Economy, has released a new video spotlighting a Web3-native robot owned collectively by its community. The clip showcases peaq’s vision for a community-driven future robot ecosystem. In the video, the robot Milo holds a unique Peaq ID — essentially its on-chain identity card. With this ID, Milo can interact with various apps in the peaq ecosystem. It earns income by completing tasks, with rewards sent directly to its on-chain wallet. Its work history and daily operations are fully recorded on the blockchain, and users can engage with Milo using peaq tokens. The video clearly outlines peaq’s “co-created, community-shared” vision for robot futures. Notably, the world’s first tokenized robot farm has officially launched on the peaq network.