ETH breaks through the $2900 mark

Kalshi secures a massive funding boost led by Paradigm, widening its lead over Polymarket as trading volumes surge and both platforms pursue fresh capital.

[Nine consecutive wins trader closes 500 BTC short position, losing over $1.78 million] On December 2, according to Lookonchian monitoring, a trader with nine consecutive profitable trades used 40x leverage to short 500 BTC, ultimately stopping out and closing the position, resulting in a loss of over $1.78 million. Previously, the trader had accumulated $2.12 million in profits across nine consecutive trades, with this loss nearly wiping out most of the gains.

9-game winning trader 0xFC78 has ended his winning streak, losing over $1.78 million in a short trade. He had previously accumulated a profit of $2.12 million through 9 consecutive profitable trades, but this loss has already taken away most of his earnings. （Lookonchain）

[Uniswap Partners with Revolut to Support Fiat Purchases of Cryptocurrency] Uniswap Labs announced a partnership with European financial app Revolut to provide users with a convenient fiat deposit service. Users can directly purchase cryptocurrency via the Uniswap web app and wallet using their Revolut account balance or debit card. Currently, Revolut only supports deposit functionality, and withdrawal functionality has not yet been launched. Additionally, Uniswap users can access other service providers through the platform to exchange cryptocurrency for fiat currency.

[Vanguard and Other Institutions Expand Access to Crypto ETFs, Potentially Bringing $75 Billion in Additional Funds to Bitcoin] Vanguard and Merrill Lynch have announced the expansion of client access to crypto ETFs, while Charles Schwab plans to allow Bitcoin trading on its platform in the first half of 2026. In the coming months, over $30 trillion in funds could potentially be used to purchase Bitcoin. If just 0.25% of this institutional capital flows into Bitcoin, it is estimated to bring $75 billion in additional buying pressure over the next 12-24 months. With an improved regulatory environment and looser monetary conditions, the Bitcoin market could see strong growth by 2026.