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Pye Finance has raised $5 million in a seed funding round, CoinDesk reported. The round was co-led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, and Gemini. The company is developing a marketplace for trading time-locked staking positions, aiming to make locked staking assets transferable and easier to structure as fixed-term products.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

According to CoinNess market monitoring, BTC has fallen below $90,000. BTC is trading at $89,945.83 on the Binance USDT market.

The 90-day simple moving average of Ethereum's total daily fees has dropped below 300 ETH since early November, reaching its lowest level since July 2017, according to Glassnode.

According to CoinNess market monitoring, BTC has fallen below $91,000. BTC is trading at $90,990.4 on the Binance USDT market.

The three major U.S. stock indexes have opened mixed. The S&P 500 is up 0.09%, the Nasdaq Composite has gained 0.32%, and the Dow Jones Industrial Average is down 0.06%.

Tether announced that its USDT stablecoin has been recognized as an Authorized Fiat-Pegged Token (AFRT) by the Abu Dhabi Global Market (ADGM). This allows firms licensed by the ADGM's Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USDT on the Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, Ton, and Tron blockchains.

Stable has launched the mainnet for StableChain, its Layer 1 blockchain focused on stablecoins and payments, The Block reported. The project also launched its native token, STABLE, and the Stable Foundation. USDT will serve as the network's gas token.

Mantra CEO John Patrick Mullin has urged users to withdraw their OM tokens from the OKX exchange and reduce their dependence on the platform. According to Cointelegraph, Mullin's call comes after OKX published an announcement last week containing incorrect information regarding an OM token migration and its timeline. Mullin also noted that OKX has not communicated with the Mantra team since the OM token's price crashed in April.

Over $13 billion was traded in prediction markets in November, more than three times the volume seen at the peak of the 2024 presidential election, according to Unfolded.

Bitmine announced it purchased 138,452 ETH, worth $435 million, last week as part of its ongoing accumulation of the asset. As of Dec. 7, the company holds 3,864,951 ETH, valued at $12.04 billion.

Binance has announced the addition of WET to Binance Alpha, its on-chain trading platform within the Binance Wallet. The platform focuses on listing early-stage coins.

Crypto investment firm Paradigm has invested $13.5 million in a Series A funding round for stablecoin startup Crown, The Block reported. The specific use of the funds has not been disclosed. Crown is developing a stablecoin pegged to the Brazilian real (BRL).

Robinhood now supports ETH and SOL staking in New York state, Decrypt reported. The company plans to expand the service nationwide pending regulatory approval. Additionally, Robinhood is introducing other features, including a revamped fee structure for U.S. high-frequency traders, an improved crypto trading API, and simplified tax reporting.

Strategy (MSTR) announced it purchased an additional 10,624 BTC for $962.7 million last week at an average price of $90,615. The company now holds a total of 660,624 BTC at an average purchase price of $74,696.

Whale Alert reported that 1,000,000,000 USDT has been transferred from Aave to HTX. The transaction is valued at about $1,000 million.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

Binance has announced the addition of STABLE to Binance Alpha, its on-chain trading platform within the Binance Wallet. The platform focuses on listing early-stage coins.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into real-world asset (RWA) tokenization platform Ondo Finance (ONDO) without filing any charges, Crypto in America reported. The probe, which began in October 2023 under then-Chairman Gary Gensler, centered on whether Ondo's structure for tokenizing U.S. Treasurys violated securities laws and if the ONDO token qualified as a security. Ondo stated that it received official notification from the SEC in late November that the investigation was closed. According to CoinMarketCap, ONDO is currently trading at $0.4696, up 1.9%.

BlackRock has filed a prospectus with the U.S. Securities and Exchange Commission (SEC) for an Ethereum staking ETF, the iShares Staked Ethereum Trust ETF, according to a post on X by Bloomberg ETF analyst Eric Balchunas.

AllScale, a self-custody-based global financial platform, has raised $5 million in a seed funding round led by YZi labs, formerly known as Binance Labs, CryptoBriefing reported. The round also saw participation from Infomed Ventures and Generative Ventures. The specific use of the funds has not been disclosed. AllScale is currently an official partner of the BNB Chain.

Ruya, a Sharia-compliant bank in the United Arab Emirates, has partnered with digital asset infrastructure provider Fuze to support Bitcoin trading on its app, Wu Blockchain reported.

Brevis, a Zero-Knowledge (ZK) verification computing platform, announced the launch of the mainnet beta for ProverNet, its decentralized marketplace for generating ZK proofs. The marketplace utilizes a Truthful and Asymptotically Optimal Double Auction (TODA) mechanism to address a key limitation in existing proof infrastructure, where a single setup cannot optimally meet diverse requirements. Payments on the beta platform are settled in USDC. Brevis is currently migrating its production workloads to the marketplace, starting with Ethereum block execution proofs from ETHProofs.org. The company added that upon the full mainnet launch, its native BREV token will be used for payments and staking.

Binance announced on X that it has immediately suspended an employee and is pursuing legal action for using internal information for personal gain. The company stated it received a tip on Dec. 7 regarding the employee's activities. An investigation confirmed that the employee had posted information to an official account related to a specific token that was issued on-chain at 5:29 a.m. UTC that day. Binance deemed the action a clear abuse of authority and a violation of its internal regulations and code of ethics. In addition to the suspension, further disciplinary procedures are underway, and the exchange is cooperating with law enforcement in the employee's region. Binance added that it will strengthen its internal controls to prevent similar incidents and welcomes community monitoring, asking that any future tips be sent via its official email channels.