Forward Industries, a Nasdaq-listed Solana treasury company, acquired 6,834,505.96 SOL at an average price of $232.08, according to its December 3 business update. As of December 1, the company's total SOL holdings reached 6,921,342 tokens, including staking rewards. The company has launched fwdSOL, a liquid staking token designed to maximize staking yields while serving as collateral in DeFi protocols.

The Ethereum Fusaka upgrade will activate at 21:49:11 UTC on Dec. 3 (05:49:11 Beijing time on Dec. 4), BlockBeats reports. The upgrade will be implemented simultaneously across Ethereum's consensus and execution layers, raising the block gas limit to 60 million and introducing BPO forks to facilitate future blob parameter adjustments. The enhancement is designed to improve Ethereum's capacity to process large-scale transactions from Layer 2 networks, with projected Layer 2 fee reductions of 40% to 60%.

BlackRock transferred 44,140 ETH, valued at $134.5 million, to Coinbase Prime on December 3, on-chain data show. Lookonchain detected the transaction.

Babylon announced on Dec. 3 a partnership with decentralized lending protocol Aave to support native Bitcoin as collateral in Aave V4, eliminating the need for wrapped tokens or custodial intermediaries. The collaboration will integrate Babylon's trustless vault infrastructure with Aave's hub-and-spoke architecture, allowing users to deposit native BTC on the Bitcoin base layer while borrowing stablecoins and other assets in Aave markets. Testing is expected to begin in early 2025, with product launch planned for April.

Centralized exchanges recorded a net outflow of 184,500 ETH on Dec. 3, Coinglass data show. Binance led withdrawals with 90,000 ETH, followed by Kraken at 79,400 ETH and OKX at 17,100 ETH. Bybit recorded the largest inflow with 4,622.07 ETH.

Ethereum short positions worth $542 million across major centralized exchanges face liquidation if the price breaks above $3,150, Coinglass data showed on Dec. 3. Long positions totaling $946 million would be liquidated if ETH falls below $2,950. The liquidation chart reflects relative intensity of liquidation clusters rather than exact contract volumes, with higher bars indicating stronger potential market reactions when price reaches specific levels.

Crypto exchange-traded product issuer 21Shares launched two new ETPs on Dec. 3, offering exposure to decentralized finance infrastructure: the 21Shares Ethena ETP (ticker: EENA) and 21Shares Morpho ETP (ticker: MORPH). Both products are now trading on SIX Swiss Exchange, Euronext Amsterdam, and Euronext Paris, with USD and EUR denominations available.

CLANKER rose more than 21% within one hour on Dec. 3, reaching $57.81 with a market capitalization of $55.38 million, BlockBeats reports. The rally followed an announcement by Farcaster's founder regarding the platform's first token presale on Clanker, scheduled for 1:30 PM this Friday.

A whale address (0x3aFE) purchased 2,017 ETH for approximately $6.17 million at an average price of $3,061, lookonchain data show. The same address had previously sold 1,900 ETH at $4,574 on August 25, generating around $8.69 million. The recent acquisition marks a re-entry into ETH holdings at a lower price point.