According to TechFlow, on December 5, as reported by Chainwire, the decentralized lending protocol LayerBank has completed a $2.3 million pre-seed funding round. This round was participated in by Move Industries CEO Torab Torabi, Coin Bureau Chinese, DVchain, Taiko, Rootstock, as well as several well-known angel investors and ecosystem contributors.
The funds raised will be used to develop and launch LayerBank’s native token $ULAB, which features ve enhanced rewards, fee-driven value distribution, and a continuous buyback and lock mechanism. LayerBank's token generation event (TGE) will take place on Movement.

BitGo announced that starting from the first week of December, it will support the IOTA mainnet, allowing users to manage IOTA tokens and other assets. This move provides institutions and exchanges with secure, insured custody services, enhancing IOTA's participation in the U.S. digital asset market.

The number of Web3 foundations registered in the Cayman Islands has surged, mainly due to a California court ruling that unregistered DAOs are considered general partnerships, increasing liability risks for token holders. This decision has prompted projects to seek overseas legal frameworks, with the Cayman Islands offering stable governance structures and liability protection, attracting major projects such as the OpenSea Foundation.

The TRON ecosystem Thanksgiving “Five Tigers Trading Competition” concluded successfully on December 3 after ten days (November 24 to December 3) of exciting battles. This event was not just a trading competition, but also became a grand stage for global users to deeply participate in ecosystem development. The competition around the five core assets—SUN, NFT, BTT, JST, and WIN—was extremely intense. In the end, JST, SUN, and NFT secured the top three spots thanks to outstanding community support and on-chain performance.
This event was not only a contest of trading volume, but also a concentrated review of ecosystem consensus and community vitality. Leveraging the special occasion of Thanksgiving, it brought market attention to the core value assets of the TRON ecosystem. Through a competitive format, it stimulated a strong sense of participation and belonging within the community, effectively transforming online engagement into on-chain value and injecting strong momentum into the continued prosperity of the ecosystem.
From the compe

On December 5, 50,000 tons of copper were withdrawn from the London Metal Exchange's inventory by Mercuria, pushing copper prices close to $11,500 per ton and intensifying market expectations of a copper supply shortage. Analysts warn that if the US continues to impose tariffs, there may be an even greater shortage of refined copper next year, and ordinary investors should be cautious when investing in copper mining stocks and resource stocks.

According to TechFlow, on December 5, Glassnode data shows that the recent BTC correction has triggered the largest spike in realized losses since the FTX collapse at the end of 2022. Short-term holders (STH) accounted for the majority of the losses, while long-term holders (LTH) saw relatively limited losses, indicating that the pressure is mainly concentrated on recent buyers.

IOTA announces the integration of LayerZero and Stargate protocols on its mainnet, enabling seamless asset transfers and messaging across more than 150 blockchains, enhancing liquidity and supporting multiple asset types. This move will accelerate the development of the Web3 ecosystem, drive global trade and finance, with the first asset to go live being the Cyberperp token CYB.

DeepNode successfully raised $5 million on December 5, including a $2 million seed round (with a $25 million valuation) and a $3 million strategic round (with a $75 million valuation). The seed round attracted community participation, while the strategic round was led by multiple Web3 and AI infrastructure investors.

According to the report by Matrix on Target, the current crypto market is in a "position vacuum" state, with overall ETH and BTC positions having declined. Analysts believe that new exposure may drive prices higher. Ethereum's upgrade has changed its economic structure, but the market response remains cautious. Although ETH has performed strongly and bullish options have increased, whether it can repeat its previous strong rally remains to be seen.

Source: Wallstreetcn
As the "first domestic GPU stock," Moore Threads ignited market enthusiasm with an astonishing surge on its debut on the STAR Market. This not only directly affirms the scarcity of its technology but also highlights the strong optimism for the prospects of domestic high-end computing power chips amid the wave of artificial intelligence.
On December 5, Moore Threads officially landed on the STAR Market, opening at 650 yuan, a 468.78% surge from its issue price of 114.28 yuan. The intraday high reached 688 yuan, an increase of 502%, with its market value once exceeding 270 billion yuan. Calculated at the opening price, investors who won a single lot (500 shares) saw a floating profit of over 280,000 yuan, making it one of the most profitable new stocks this year. As of press time, the stock was last quoted at 590.59 yuan per share, up 416.79%.
Moore Threads also brought astonishing returns to early investors—among the earliest investors, Peixian Qianyao's initial