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The EU is seeking to transfer cryptocurrency regulatory oversight to the European Securities and Markets Authority

57 minutes ago

On December 5, the European Commission announced plans to shift regulatory oversight of crypto firms to the European Union’s market watchdog as part of a push for “comprehensive integration” of the bloc’s financial markets. The Commission noted that putting crypto regulation under the European Securities and Markets Authority (ESMA)’s scope would boost regulatory effectiveness and smooth cross-border operations. The proposal targets addressing decentralization challenges stemming from regulatory gaps across the EU’s 27 member states. Earlier, national regulators—including France’s AMF, Austria’s FMA, and Italy’s Consob—raised concerns about MiCA implementation and urged ESMA to step up oversight. The plan still requires negotiation and approval from the European Parliament and European Council.
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Ethereum Foundation transferred out 1,000 ETH, worth approximately $3.12 million

On December 5, Lookonchain monitoring shows the Ethereum Foundation transferred 1,000 ETH (valued at approximately $3.12 million) 25 minutes ago.

3 minutes ago

BlackRock's ETHA has seen a cumulative net inflow of $2.229 billion over the past two weeks

**BlackRock Crypto ETF Flows: Ethereum Inflows vs Bitcoin Outflows (Past 2 Weeks)** Per Farside data as of December 5th: - BlackRock’s Ethereum spot ETF has posted **total net inflows of $2.229 billion** over the past two weeks. - Its Bitcoin spot ETF (IBIT) has recorded **total net outflows of $2.756 billion** in the same span. Notable daily moves: - IBIT’s largest single-day net outflow: $88.7 million (December 2nd). - Ethereum ETF’s largest single-day net inflow: $92.6 million (November 24th). The ETH/BTC exchange rate climbed 5.77% during the period, underscoring the divergence in investor sentiment between the two crypto ETFs. This version aligns with U.S. news brief style: concise, scannable, and prioritizes key metrics (total flows, daily extremes, market correlation) with natural, conversational verbs ("posted," "recorded," "climbed") and clear labeling of assets/ETFs.

3 minutes ago

BlackRock's IBIT Sees Net Outflow of $2.756 Billion in the Past Two Weeks

As of Dec 5, data from Farside indicates BlackRock’s IBIT posted a total net outflow of $275.6 million over the past two weeks. Notable single-day trends include: - Largest single-day net outflow: $1.491 billion on Nov 24 - Largest single-day net inflow: $1.201 billion on Dec 2

3 minutes ago

PIGGY Token Experiences a "Flash Crash" of 90%, $4 Million Worth of Tokens Minter and Dumped, Market Cap Now Plunged to $810,000

December 5th — Per on-chain data, roughly $4 million worth of PIGGY was unusually minted and immediately dumped over the past 15 minutes. The token’s price has plummeted 90% in seconds, with its current market capitalization now at $810,000.

3 minutes ago

Franklin Templeton Reveals Spot SOL ETF Details: Initial Holding of 17,000 Coins, Staking Rewards to Be Included in Revenue

**December 5 Update** Franklin Templeton officially unveiled details of its spot Solana (SOL) ETF on December 5. Key details: - Initial SOL holdings: 17,000 tokens (custodied by Coinbase Custody), with a market value of approximately $2.4 million. - Current circulating shares: 100,000; the ETF charges a 0.19% trading fee. Franklin Templeton noted the firm will stake its SOL holdings to generate rewards, which will be included in its revenue.

3 minutes ago

The yield on the 10-year Treasury Note has increased by 2 basis points to 4.12%, reaching a new high since November 2020

On December 5, the U.S. 10-year Treasury note yield rose 2 basis points to 4.12%, hitting a fresh high not seen since November 2020. (FX678)

3 minutes ago