YZi Labs has issued formal demands to asset manager 10X Capital over alleged mismanagement at BNB Network Company (BNC), the largest publicly traded BNB treasury firm in the U.S. The family office of Binance founder Changpeng Zhao accuses 10X of planning to pivot away from BNB accumulation despite commitments made during a $500 million financing round. YZi Labs has initiated a proxy fight seeking board changes and set a December 5 deadline for written confirmation of compliance with the BNB treasury strategy.

Digital Asset Treasuries acquired 370,000 ETH in November 2025, an 81% decline from August's peak of 1.9 million ETH, according to Bitwise data. The contraction reflects weakening institutional demand driven by deteriorating market conditions and declining treasury company valuations. Certain firms continue expanding holdings despite the broader pullback.

BlackRock deposited 44,140 ETH valued at approximately $135.36 million to Coinbase Prime on December 3, data show. The asset manager has maintained steady Ethereum transfers for roughly one month, continuing the pattern despite a recent 7% rally that pushed ETH above $3,100.

A consortium of ten major European banks has established Qivalis, a Netherlands-registered entity, to issue a euro-pegged stablecoin targeting launch in the second half of 2026. The initiative seeks to strengthen the euro's presence in digital asset markets, where euro stablecoins currently hold $605.2 million in market capitalization compared to $315.6 billion for dollar-denominated stablecoins. Qivalis will operate under Markets in Crypto-Assets Regulation (MiCAR) compliance and be led by former Coinbase Germany CEO Jan-Oliver Sell.

XRP exchange-traded funds recorded $845 million in net inflows during their first 13 trading sessions, positioning the asset as the third digital currency to surpass the $800 million threshold in ETF capital accumulation. The performance outpaced Ethereum, which required 95 sessions to reach the same level, and exceeded Solana's $651 million gathered over 25 sessions. Vanguard added XRP funds to its digital assets platform as the token traded near $2.16.

Ethereum's leverage ratio on Binance hit an all-time high of 0.57, data show, as traders increased risk exposure ahead of the Fusaka upgrade. Open interest across exchanges recovered to $17 billion from $15 billion, while liquidation data indicate potential price movement between $2,900 and $3,200. ETH traded at $3,089.42 with the fear and greed index at 54 points, reflecting neutral market sentiment.

XRP's funding rate jumped nearly 120% on December 3, signaling increased leveraged long positioning among traders. Exchange-traded funds linked to the token have attracted an estimated $845 million in cumulative inflows. BlackRock executives drew parallels between tokenization's current development stage and the internet in 1996, noting the sector's $23 billion valuation.

Binance will halt trading for StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17, 2024, following a periodic review of digital assets. The exchange evaluates tokens based on development activity, trading volume, network security, and community engagement. Deposits will no longer be credited after December 18, 2024, while withdrawals will remain available until February 16, 2026.