On December 1st, on-chain analyst Ai Yi (@ai_9684xtpa) reported that a whale bought 65.65 WBTC for 6 million USDC at an average price of $91,384 during a market downturn in the early hours of November 29th. Within the past 5 hours, the whale has fully liquidated their entire position, selling the WBTC at $86,563 each—incurring a total loss of $316,000.

On December 1st, per data from Nansen, the top five blockchains by active addresses over the past seven days are: Solana (15.5M), BNB Chain (13.3M), Tron (7.2M), Avalanche (5.9M), and Polygon (5.2M).

Dec. 1 — Per an official announcement, Australia’s Monochrome Bitcoin Spot ETF (IBTC) revealed that as of Nov. 28, its holdings had reached 1,161 bitcoins, with the total value of those holdings exceeding 162 million Australian dollars (AUD).

On December 1, Bitget launched a double lottery event for new users. Eligible participants include new users on the Chinese-language official site and select channels. During the event, users who complete required KYC verification and meet futures trading volume requirements will earn scratch card chances and mystery box rewards—up to 6 scratch cards and 5 mystery boxes total. Each additional draw boosts grand prize odds, with a 100% winning rate. Scratch card prizes include 5–100 USDT airdrops and random limited-edition swag. Mystery box rewards cover up to 888 USDT, JD.com 500/1000 RMB e-coupons, Dyson hair dryers, gold bar necklaces, and other physical items. Full rules are posted on Bitget’s official platform. Users must click the “Join Now” button to register and join. The event ends at 10:00 AM on December 8 (UTC+8).

On December 1, Cointelegraph reported that Ripple Labs has secured approval from Singapore’s Monetary Authority of Singapore (MAS) to expand its payment business activities in the country—aligning with the firm’s broader strategy of growing via acquisitions and targeting institutional services. Ripple noted its Singapore subsidiary, Ripple Markets APAC, has been greenlit by MAS to expand its regulated payment operations under its Major Payment Institution (MPI) license. Ripple CEO Monica Long said in a press release the company values “Singapore’s forward-thinking regulatory framework,” adding the expanded license will boost its ability to keep investing in Singapore and build the infrastructure financial institutions need to move funds efficiently, quickly and securely.

As of December 1st, Coinglass data shows funding rates across major centralized (CEXs) and decentralized exchanges (DEXs) signal a slight easing of bearish market sentiment. Specific funding rates for top cryptocurrencies are included in the attached image. **BlockBeats Note**: Funding rate is a fee set by crypto trading platforms to align perpetual contract prices with underlying asset values. It functions as a fund transfer between long and short traders—exchanges do not collect this fee. Its purpose is to adjust costs/profits for contract holders, keeping contract prices closely tied to the underlying asset. - A 0.01% rate is the baseline. - Rates **above 0.01%** indicate generally bullish sentiment. - Rates **below 0.005%** signal generally bearish sentiment.