A cross-chain bridge connecting Coinbase's Base network and Solana went live on mainnet Thursday. The infrastructure enables direct asset transfers between the Ethereum layer-2 network and Solana's blockchain using dual verification from Chainlink CCIP and Coinbase operators. The deployment supports movement of SOL and SPL tokens into Base applications including Zora, Aerodrome, and Virtuals.

21Shares has launched a leveraged exchange-traded fund for Sui on Nasdaq, trading under the ticker TXXS. The fund offers 2x daily exposure to the Layer-1 blockchain asset. This marks the first leveraged ETF tied to the Sui ecosystem available on a major U.S. exchange.

Ethereum's exchange-held supply has declined to 8.84%, nearly half Bitcoin's 14.8%, data show. Staking contracts, DeFi protocols, and long-term holding patterns are driving ETH off trading platforms at an accelerated pace compared to BTC.

Ripple's XRP token saw social media sentiment reach its most negative level since October, according to social analytics platform Santiment. The deteriorating sentiment coincides with a 31% price decline over two months. However, spot XRP ETFs recorded 13 consecutive days of net inflows totaling nearly $900 million since mid-November.

AlphaTON Capital filed a $420.69 million shelf registration with U.S. securities regulators, enabling on-demand capital raising for TON ecosystem expansion. The Nasdaq-listed firm plans to deploy proceeds across AI compute infrastructure, mini-app acquisitions, and blockchain payment platforms. AlphaTON manages substantial Toncoin reserves and maintains strategic partnerships with BitGo, Animoca Brands, and other institutional players.

Tom Lee of Fundstrat Global Advisors presented bullish forecasts for major cryptocurrencies at Binance Blockchain Week in Dubai on December 4, 2025. He projected Bitcoin could reach $300,000 and Ethereum could surpass $20,000 within the next year. Lee cited growing tokenization adoption and Ethereum's five-year consolidation pattern as key drivers for the upside potential.

China's central bank escalated its crackdown on digital assets by explicitly designating stablecoins as illegal on November 28. The People's Bank of China convened a multi-agency meeting with financial, judicial, and cybersecurity officials to address rising virtual currency activity. Authorities singled out Tether (USDT) and Circle's USDC, stating they lack customer identification and anti-money laundering safeguards required under the country's 2021 cryptocurrency ban.

Ethereum has experienced three consecutive days of short position liquidations as whale investors deploy significant capital into the market. Notable transactions include a $10 million DAI purchase and a $29 million position by Machi Big Brother. Spot market participants have injected approximately $47 million into ETH purchases, indicating renewed confidence following an extended period below $3,200.