BlackRock Bitcoin ETF Sees Over $2.7 Billion in Outflows for Five Consecutive Weeks
Dec. 5 (Bloomberg) — BlackRock’s iShares Bitcoin Trust (IBIT) has posted its longest weekly outflow since its January 2024 launch, according to Bloomberg-compiled data. Investors pulled more than $2.7 billion from the ETF over the five weeks ended Nov. 28. As of Thursday, the fund saw an additional $113 million in redemptions and is set for a sixth consecutive week of net outflows. IBIT currently holds over $71 billion in assets under management (AUM).
Blockchain analytics firm Glassnode noted this trend signals a sharp reversal of the steady inflow dynamic that previously supported Bitcoin prices, reflecting a cooling in new capital allocations to the asset.
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Turkish exchange Paribu has acquired the largest cryptocurrency CEX in the Middle East, CoinMENA, in a deal reportedly valued at up to $240 million.
On December 5, leading Turkish digital asset platform Paribu announced it has acquired CoinMENA—the largest local crypto centralized exchange (CEX) in the Middle East and North Africa (MENA) region—in a transaction valued at up to $240 million.
Through the acquisition, Paribu will expand beyond its domestic Turkish market into the high-cryptocurrency-adoption MENA region and secure two valid digital asset licenses: one issued by the Dubai Virtual Asset Regulatory Authority (VARA) and another by the Central Bank of Bahrain.
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Galaxy Digital Acquires Institutional-Grade Liquidity Pooling Protocol Liquid Collective Developer
Galaxy Digital announced on December 5 that it has acquired development firm Alluvial Finance from Liquid Collective, becoming Liquid Collective’s new development arm. Financial terms of the acquisition were not disclosed.
Galaxy noted the deal advances its goal of providing end-to-end services for on-chain operations. The firm will take full responsibility for protocol development and maintenance, and has already begun integrating Alluvial’s engineering team and tech stack.
Liquid Collective will continue operating independently under the leadership of the Liquid Foundation.
Liquid Collective, which partnered with Alluvial in 2023, launched an institutional-grade liquidity staking protocol. By 2025, its Total Value Locked (TVL) had doubled to roughly $1 billion.
In June 2025, Galaxy and Liquid Collective entered a strategic partnership. Shortly after that announcement, Liquid Collective rolled out Liquid Staked SOL (LsSOL).
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The Bank of Japan's Rate Hike in December Seen as Highly Consensual, 30-Year High Interest Rate on the Horizon
December 5 — Sources familiar with the matter say Bank of Japan (BOJ) officials are ready to raise interest rates at this month’s upcoming policy meeting, provided the economy and financial markets don’t see a significant impact in the interim. If economic conditions pan out as expected, the BOJ will also signal openness to further rate hikes while staying cautious about the ultimate peak for rates.
This hike will push Japan’s policy rate to its highest level since 1995. The market’s main focus is how the BOJ will clearly signal additional rate increases.
Separately, sources note the BOJ will keep reviewing the latest data and information right up until the final moment before making its formal policy decision. With real interest rates remaining negative and the financial environment set to keep supporting the economy, officials view this hike as an adjustment to monetary easing—not a tightening move. (Kinshi)
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Decentralized AI Infrastructure Startup DeepNode Completes $5 Million Fundraising
On December 5, decentralized AI infrastructure startup DeepNode announced it has raised a total of $5 million in funding—including a $2 million seed round (completed at a $25 million valuation) and a $3 million strategic round (valued at $75 million).
The seed round included participation from community members, while strategic round backers include Blockchain Founders Fund, Side Door Ventures, and others. Built on Ethereum’s Layer 2 network Base and leveraging the PoWR mechanism, DeepNode plans to launch its mainnet by the end of Q1 2026. (Source: Decrypt)
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Crypto Artist Beeple Launches Musk-Inspired Celebro
December 5 — Renowned American digital artist Mike Winkelmann, professionally known as Beeple, unveiled his "Flesh Machine Dogs" animal-themed series at Miami Beach’s Art Basel exhibition recently.
These robotic dogs sport silicone masks depicting celebrities like Elon Musk and Mark Zuckerberg, drawing throngs of art enthusiasts and media attention. The installations continuously snap photos, with images recorded on the blockchain—Beeple aims to reinterpret the world through these public figures’ perspectives.
All seven of the celebrity-themed machine dogs have been sold to private collectors, each fetching $100,000. In an interview, Beeple noted that while the robots’ appearance may seem unusual or bizarre, his intent was not to offend the celebrities.
A legend in the art world, Beeple made history in 2021 when Christie’s auctioned his *Everydays: The First 5000 Days*—the first purely digital artwork sold as an NFT—for a staggering $69.34 million. The sale set a new record fo
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