Binance Alpha's TIMI Airdrop for this phase generated approximately $30 in rewards per qualifying ID.

On December 5, Huobi HTX released its latest Proof of Reserves (PoR) data, showing that as of December 1, 2025, the platform’s core assets have continued to see net inflows—with reserves expanding significantly while maintaining full 100%+ coverage across all assets, further strengthening its overall reserve structure. The latest reserve ratios are as follows: BTC (100%), ETH (101%), TRX (106%), USDT (102%), HTX (100%), XRP (102%), DOGE (100%), SOL (100%), WLFI (101%), and USDC (100%). Specifically, BTC reserves increased by approximately 453 coins, while ETH reserves rose by over 2,000 coins. For stablecoins, USDT user assets grew by more than $416 million, pushing its reserve ratio to 102%; USDC user assets nearly doubled from the previous period, with reserves fully covering 100% of user holdings. Huobi HTX has publicly disclosed PoR data for 38 consecutive months. Users can access the monthly updated reserve proof reports via the “Assets-Reserve Proof Report” page on the offi

Update: As of December 5, CoinGecko data shows Upbit’s 24-hour trading volume has declined 25.3% to $11.73 billion. In the KRW market, the XRP/KRW trading pair leads with a 17.61% share of total volume. Rounding out the top five are ETH, BTC, USDT, and SOL.

On-chain investigator ZachXBT announced in his personal channel on December 5 that British hacker Danny / Meech (also known as Danish Zulfiqar / Khan) was reportedly arrested by law enforcement, and his crypto assets were seized. Prior to this, ZachXBT had tracked and identified the individual, who is suspected of stealing $243 million in crypto from Genesis creditors in August 2024. Accomplices include Malone, Veer, Chen, and Jeandiel. Danny also participated in the August 2023 Kroll SIM swap attack, which exposed personal data of creditors for BlockFi, Genesis, and FTX. This sparked targeted social engineering scams that have cost victims over $300 million. Hours earlier, multiple addresses linked to Danny—tracked by ZachXBT—merged and transferred $18.58 million in crypto to an address beginning with 0xb37d, matching the pattern of past law enforcement asset seizures.

On December 5, Italy’s securities market regulator Consob issued a notice detailing requirements under the EU’s **Cryptocurrency Market Regulation (MiCAR)** for virtual asset service providers (VASPs) registered with the Italian Ordinary Authority of the Markets (OAM). ### Key Rules for VASPs: Current OAM-registered VASPs must submit applications by **December 30, 2025** to transition to a regulated **crypto asset service provider (CASP)**—a requirement to continue operating. Failure to comply will bar them from offering related services no later than **June 30, 2026**. ### Investor Guidance: Consob advised investors to: - Confirm if their current VASP plans to apply for a CASP license; - Verify if the provider is listed in the **European Securities and Markets Authority (ESMA)** or OAM registers; - Request the return of their assets if the provider is unauthorised. ### Urgent Reminder for Unregistered VASPs: The regulator repeated its call for VASPs without CASP a

On December 5, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that a new crypto address withdrew 13,308 ETH (valued at $41.47 million) from FalconX 9 hours prior.

On December 5, data from Coinglass shows current funding rates across major centralized (CEXs) and decentralized exchanges (DEXs) signal bearish market sentiment. Funding rates for key cryptocurrencies are detailed in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto trading platforms to keep perpetual contract prices aligned with the underlying asset’s value. They act as a capital exchange between long and short traders—platforms do not collect this fee. The mechanism adjusts the cost or profit of position holders to ensure contract prices track the underlying asset closely. Here’s what funding rates indicate: - 0.01% = baseline rate - Above 0.01% = generally bullish sentiment - Below 0.005% = generally bearish sentiment