Circle issued 500 million USDC on the Solana network through two separate transactions within a 5-minute window on December 4, Whale Alert data show. The stablecoin minting occurred in two batches on the blockchain network.

A whale address transferred 30,603 ETH valued at $70.55 million to Binance and Galaxy Digital between Oct. 28 and Dec. 4, on-chain analyst Ai Yi reports. The transfers averaged $3,299 per ETH. The address began accumulating ETH in 2017 and has previously interacted with Fengbushi Capital and FBG Capital.

Address 0xa43 holds a long position of 19,628.65 ETH worth approximately $63.22 million on Hyperliquid, with an average entry price of $2,950.23, on-chain analyst Ai 姨 reports. The address ranks as the second-largest ETH long position holder on the platform. The unrealized profit has fully offset losses from 17 trades over the past three days.

A whale known as "CZ counterparty" turned a $21 million loss on Ethereum long positions into a $460,000 profit on Dec. 4, HyperInsight data show. The trader holds approximately $168 million in ETH longs at an average entry of $3,201, while maintaining an $85.38 million XRP long position with a $3.63 million unrealized loss. Separately, Machi Big Brother reduced ETH, ZEC, and HYPE long positions over the past two hours and currently holds $29.46 million in ETH longs with $2.03 million in unrealized gains. Another whale, identified as "suspected XPL insider," opened 5x leveraged ETH and 7x leveraged SOL long positions totaling $6.19 million after remaining inactive for over 10 days.

Binance Co-CEO Yi He said the exchange seeks to balance user demand for meme coin listings against risk management standards, describing it as an ongoing negotiation, BlockBeats reports. Yi noted that user demand for meme tokens exists regardless of fundamentals, and failing to meet such demand could result in market share loss. She disclosed that Binance communicates with project teams on token generation event pricing and airdrop allocations, though some negotiations have been mischaracterized as high listing fees.

Franklin Templeton launched trading for its spot Solana exchange-traded fund (SOEZ) on Dec. 3, the asset management firm announced. The ETF offers investors regulated exposure to Solana through traditional brokerage accounts.

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%.