Vitalik Buterin: ETH Returns to $3000, Extreme Fear Sentiment Has Subsided

December 5th — Per Dune Analytics data, the major prediction platform market remained active, with both nominal trading volume and transaction count hitting all-time highs. Specifically, over the past week, the total nominal trading volume of these platforms reached $34.95 billion. Kalshi ($12.12 billion), Opinion ($10.96 billion), and Polymarket ($10.83 billion) each topped $10 billion, leading the rankings. Additionally, transaction volume across major prediction platforms set a new record last week, totaling 11.336 million transactions.

Japan’s Chief Cabinet Secretary Kihara Minoru said on December 5 that the government will take appropriate measures as needed to address excessive and disorderly fluctuations in the foreign exchange market. (Xinhua)

On December 5, Coinbob’s Popular Address Monitor reported that over the past three hours, a whale wallet labeled “pension-usdt.eth” fully closed its 3x leveraged BTC short position opened yesterday. The wallet closed out over $72 million in position value in a short window, netting roughly $660,000 in profit. Per monitoring data, the address partially closed ~$21 million in position value at 3 AM ET today. It also briefly held the top BTC short position on Hyperliquid yesterday, with its prior short position totaling ~$93.2 million at an average entry price of $92,700. The wallet has recently focused on swing trading with low leverage and large order sizes, averaging a holding period of ~6 hours this week. Since launching positions in early October, it has accumulated $11.67 million in total profits.

Official sources confirmed on December 5 that the participation threshold for the Power Protocol (POWER) airdrop on Binance Alpha has been announced. Users need a minimum of 245 Alpha Points to qualify, and claiming the airdrop will consume 15 Alpha Points. Trading for POWER is set to launch today at 6:00 PM.

December 5 – Per PolyBeats monitoring, Time’s annual Person of the Year is typically unveiled on the second Wednesday or Thursday of December. On Polymarket, the "AI" option’s probability had steadily risen to a peak of 54%, while runner-up Jensen Huang fell to 17%. But starting yesterday, these two frontrunners saw a dramatic reversal: AI’s probability dropped to 38%, and Huang surged to 32%. Given the sensitive pre-announcement window, such sharp fluctuations have sparked insider trading suspicions. The reversal’s catalyst was anomalous activity from trader goingsocial: the user suddenly market-sold 25% of their "AI Yes" position—one they’d been accumulating for three days. This unusual move led markets to bet AI would not win, redirecting funds to Huang (widely viewed as a key driver of the AI trend) and pushing his probability higher. Notably, the trader’s position in this market is valued at over $70,000—far exceeding their previous average position size of $1,600. Adding to th

December 5, 2025: Upbit announced it will gradually restart crypto deposit and withdrawal services starting at 5:00 PM ET on December 5, 2025. All old deposit addresses have been removed due to a security audit of its wallet system—users must create new deposit addresses to make deposits. The first batch of assets being restarted includes 33 cryptocurrencies across 21 networks, such as ELF, ALGO, FIL, FLOW, and others. Upbit is warning users: sending funds to old addresses could lead to delayed deposits. It urges users to delete any saved old address info immediately to prevent losing funds. Withdrawals will only be available for select assets.