Matrixport withdrew 3,805 BTC from Binance, approximately $352.5 million

On December 2, former U.S. President Donald Trump pardoned Juan Orlando Hernández (JOH)—the ex-president of Honduras who was serving a sentence in New York for cocaine smuggling—per monitoring from PolyBeats (Dec. 5 update). Three hours ago, FTX founder Sam Bankman-Fried (SBF)—arrested in 2022 and once JOH’s cellmate—posted on X that he spent substantial time helping JOH prepare for trial: reviewing evidence and drafting legal documents. SBF described JOH as “the most innocent prisoner I’ve ever seen, including myself.” Speculation swirls that SBF’s high-profile post may aim to highlight his behind-the-scenes role in JOH’s release, signal support for Trump’s pardon policy, and lay groundwork for his own potential pardon or commutation. Reports note SBF’s family has openly lobbied Trump and arranged meetings with his allies since early 2025. Yet on prediction market Polymarket, the probability of “Will Trump pardon SBF in 2025?” remains largely unchanged at an extremely low ~2%

Dec. 5 — Sources report the Bank of Japan (BOJ) is leaning toward hiking interest rates at its December meeting, while keeping the door open to further policy tightening. The USD/JPY exchange rate fell ~30 basis points in short-term trading, last trading at 154.96. (Kryptonite)

On December 5, per monitoring data, Moonshot launched its MEME coin MINER on the Solana blockchain, with a reported market capitalization of $3.19 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.