The Aave community approved a temperature check vote on December 5 with 99.96% support to adjust its V3 multi-chain deployment strategy, BlockBeats reports. The proposal recommends discontinuing Aave V3 deployments on zkSync, Metis, and Soneium, while setting a $2 million revenue threshold for future chain deployments. A standard ARFC proposal will follow.

Machi Big Brother increased his 25x leveraged Ethereum long position to $37.36 million on the afternoon of Dec. 5, buying during the price decline, HyperInsight data show. The position's unrealized profit narrowed to $863,700 as Ethereum experienced downward price movement throughout the afternoon session.

A whale address staked 24,000 ETH valued at $75.94 million on Dec. 5 after holding the tokens for five months, Onchain Lens data show. The address had acquired the ETH for 60.7 million USDC, resulting in an unrealized profit of $15.2 million at current prices. The staking transaction marks the whale's first on-chain movement of the holdings since the initial purchase.

The largest ZEC short position holder on Hyperliquid added approximately $1.72 million to their short position within one hour on December 5, HyperInsight data show. The address's total ZEC short position stands at around $14.1 million with an average price of $412, while floating profit contracted from over $3.3 million yesterday to $300,000 amid ZEC's continued price increase. The address initially opened the ZEC short on October 10 at approximately $184, subsequently adding to the position with an average price reaching $419, and faced a maximum floating loss of $21 million on October 17. The address currently holds short positions across ETH, ZEC, MON, and HYPE, with its ETH short generating the primary profit of $6.22 million (194% return) on a position size of approximately $48.05 million at an average price of $4,014, though this profit has narrowed by about $3 million recently.

Prediction market platform Kalshi raised $1 billion at an $11 billion valuation this week, the company announced on Dec. 5. The funding made co-founder Lopes Lara the world's youngest self-made female billionaire. Kalshi announced partnerships with Solana to migrate its prediction markets on-chain, became CNN's official prediction market partner with its data integrated into live broadcasts, and secured a deal with CNBC to integrate its data across television, digital and subscription platforms. Both Kalshi and Polymarket hit record monthly trading volumes in November.

Address 0x218 swung from a $5 million profit to an approximately $2.49 million unrealized loss on its ETH short position as of December 5, HyperInsight data show. The position, sized at $51.72 million with an average entry of $3,005, was significantly increased on December 1 when ETH traded at $2,810. The address previously closed a counter-position against a high-profile whale in mid-November, generating $5.08 million from $5 million capital within two weeks, marking its second short position with total account profit standing at $2.8 million.

Aster burned 77.86 million ASTER tokens valued at $79.81 million on December 5, on-chain data show. The burned tokens represented 50% of the total amount repurchased during the S3 season. The burn was executed through Aster's official address as part of the project's tokenomics management.

An address associated with Bitmine acquired 41,946 ETH valued at approximately $130.78 million in a single transaction, Lookonchain data show. The purchase occurred five hours before detection on December 5. The transaction represents a continued accumulation pattern by the address.

AlphaTON Capital Corp (ATON), a TON token reserve company trading on Nasdaq, filed a $420.69 million shelf registration statement with the U.S. Securities and Exchange Commission on Thursday. The proceeds will fund expansion of artificial intelligence and high-performance computing infrastructure to provide computational power for Telegram's Cocoon AI network and support the firm's acquisition strategy targeting revenue-generating companies in the Telegram ecosystem. AlphaTON has identified multiple acquisition targets, including startups focused on payments, content distribution, and blockchain services within The Open Network ecosystem, and will use the capital to build reserves of TON tokens and related digital assets. The company has converted most balance sheet assets into Toncoin and staking positions.