Circle minted an additional 500 million USDC on Dec. 5, bringing its cumulative issuance to 10 billion tokens over the past month, lookonchain data show. The minting occurred one hour prior to the reporting time. The activity reflects continued expansion of USDC stablecoin supply during the period.

Ethereum's blob base fee surged 15 million times following the Fusaka upgrade, Yi Lihua, founder of Liquid Capital (formerly LD Capital), said in a Dec. 5 social media post. EIP-7918 introduced a minimum fee mechanism requiring blob fees to equal at least 1/15.258 of the L1 execution base fee, up from a previous 1 wei floor that left nodes inadequately compensated for KZG verification costs. The design ties pricing to network resource consumption and enables congestion control through price-driven blob traffic regulation, with PeerDAS technology expanding blob storage capacity. Yi noted blob fees now contribute to ETH's burn mechanism, with projections showing an eightfold increase in burns that could represent 30-50% of total burns by 2026, contingent on L2 transaction volume growth.

Coinglass data show cumulative short liquidation intensity across major centralized exchanges would reach $764 million if Ethereum breaks above $3,200 on December 5. Long liquidation intensity would total $973 million should the price fall below $3,000. The liquidation chart displays relative strength of each cluster rather than exact contract quantities, with higher bars indicating stronger potential price reactions driven by liquidity waves.

Ethereum mainnet transfer fees fell to $0.0017, EmberCN testing showed on Dec. 5. Major Layer 2 networks including Base, Arbitrum and Optimism charged between $0.0055 and $0.0079 per transfer, 3-5 times higher than mainnet. Ethereum mainnet gas fees stood at 0.031 gwei at the time of reporting.

An Ethereum Foundation-linked address transferred 1,000 ETH worth approximately $3.12 million on December 5, lookonchain data show. The transfer occurred 25 minutes before the report.

BlackRock's spot Ethereum ETF (ETHA) recorded cumulative net inflows of $222.9 million over the two weeks ending December 5, Farside data show. The fund saw its largest single-day outflow of $88.7 million on December 2, while peak inflows reached $92.6 million on November 24. During the same period, BlackRock's spot Bitcoin ETF (IBIT) posted net outflows of $275.6 million as the ETH/BTC ratio rose 5.77%.

PIGGY token crashed 90% on Dec. 5 after approximately $4 million worth of tokens were minted and sold within 15 minutes, on-chain data show. The token's market capitalization fell to $810,000 following the incident.

Franklin Templeton disclosed on Dec. 5 that its spot Solana ETF holds 17,000 SOL tokens worth approximately $2.4 million, with Coinbase Custody serving as custodian. The ETF has 100,000 shares outstanding and charges a 0.19% fee. The fund will stake its SOL holdings to earn rewards, which will be incorporated into the fund's income, Franklin Templeton said.