Phala Network plans to halt its parachain and migrate to Ethereum Layer 2

On December 5th, data from LookOnChain indicates Matrixport withdrew 3,805 Bitcoins from Binance over the past 24 hours, with the crypto valued at roughly $352.5 million.

[December 5] – HumidiFi, a Solana-based on-chain dark pool DEX, officially announced plans on Tuesday to launch a new token and restart its public sale next Monday. The move addresses a critical issue from its initial sale: centralized bot sniping blocked community users from participating. During the initial launch, large bot networks sent transactions simultaneously via batch wallets, scooping up all tokens instantly. This barred Wetlist members (HumidiFi users/community participants) and JUP stakers from joining the sale. To protect community interests, HumidiFi will airdrop the new token proportionally to eligible Wetlist members and JUP stakers. Addresses linked to sniping in the initial sale will be excluded from the airdrop. The new public sale round will use a newly audited DTF smart contract to prevent similar issues from repeating.

December 5 — Solana co-founder Anatoly Yakovenko took to social media to share his perspectives, stating: “The current high valuations reflect the risks and opportunities across the entire crypto industry. I believe the total crypto market cap will keep rising, and eventually, capital will have to be reallocated based on revenue. This transition will be a long, hard-fought battle for market share—only the blockchains that compete fiercely and emerge victorious will survive.”

**Prediction Markets Surge: Kalshi Lands $10B Funding, Expands Key Partnerships** Prediction market platforms have grown rapidly lately, with Kalshi and Polymarket posting record monthly trading volumes in November. YZi Labs also announced investments in prediction markets Opinion and predict.fun this week. Kalshi made waves with a $10 billion funding round at a $110 billion valuation—catapulting co-founder Lopes Lara to the world’s youngest self-made female billionaire. The platform quickly rolled out three major partnerships: - A collaboration with Solana to migrate its prediction market to the blockchain; - A role as CNN’s official prediction market partner, with Kalshi data featured in real time on the news outlet’s programs; - Full integration of Kalshi’s data across CNBC’s TV, digital, and subscription platforms.

**U.S. September Core PCE Price Index (YoY) Scheduled for Friday, Dec. 5 at 11 PM Beijing Time** The U.S. Department of Commerce will release the **September Core Personal Consumption Expenditures (PCE) Price Index (year-over-year)** on Friday, December 5 at 11:00 PM Beijing Time. - **Consensus forecast**: 2.9% - **Previous reading**: 2.9% ### Notes on American English adaptations: 1. **12-hour time format** (11 PM instead of 23:00) – standard for U.S. media. 2. **Abbreviations & clarity**: "Dec." (not "Dec"), "PCE" defined on first mention (common in U.S. financial news). 3. **Terminology**: "Consensus forecast" (more widely used than "expected" in U.S. economic briefs) and "previous reading" (standard for data releases, vs. "previous value"). 4. **Structure**: Concise headline + bullet points for key metrics (follows U.S. news wire style).

Dec. 5 — Takayasu Kudo, an economist at Bank of America, said in a report that the Bank of Japan (BOJ) is expected to raise its target interest rate from 0.5% to 0.75% at its Dec. 18-19 meeting, and then continue hiking the policy rate every six months thereafter. “Recent corporate earnings, wage negotiations, yen depreciation in the foreign exchange market, and dialogues with the government have made the BOJ increasingly confident it can raise rates at the upcoming December meeting,” he noted. Kudo also predicts the BOJ will hike rates in June 2026, followed by additional increases in January and July 2027. (Kyi)