A whale known as the "1011 Flash Crash Shorter Insider Whale" borrowed 220 million USDT from Aave and transferred the funds to Binance through three addresses on December 1, 2025. The entity controls over 500 million USD in on-chain assets and previously profited from margin trades during the October 11 flash crash. The transfer has raised questions about potential market impacts on Bitcoin and Ethereum.

Digital asset investment products recorded $1.07 billion in net inflows for the week, ending a four-week outflow streak that totaled $5.7 billion, according to CoinShares data. Bitcoin products attracted $464 million while XRP set a weekly record with $289 million. Ethereum contributed $309.1 million to the recovery. The United States accounted for 93% of global inflows at $994 million.

Silver touched a record near $57.86 and has gained over 100% this year, while gold climbed above $4,240 per ounce. Bitcoin has declined more than 30% from its October peak near $126,000 and currently trades around $86,000, with crypto markets losing approximately $1 trillion in value over six weeks.

Bitcoin fell below $90,000 on December 1, 2025, declining 5% to $86,627 amid broad risk-off sentiment. November marked the cryptocurrency's largest monthly loss since May 2021, with prices dropping over $18,000 during the period. The selloff triggered liquidations exceeding $637 million as investors exited risk positions across markets.

A whale previously active in October market movements deposited 55,240 ETH to Aave and borrowed $70M in stablecoins across two tranches, data show. The borrowed funds were transferred to Binance. This marks the wallet's first significant activity in three months.

Zcash has declined more than 50% from its November 7 peak of $750, trading near $364. The token fell 20% in 24 hours and posted 32% weekly losses. A governance debate over token-based voting has compounded selling pressure alongside bearish technical signals.

Yearn Finance suffered a security breach that drained approximately $9 million from its yETH infrastructure. Attackers exploited a vulnerability in the yETH token contract, enabling unlimited token minting without collateral and draining liquidity from a staked Ethereum derivatives pool. The protocol confirmed the yUSND pool and Nerite's vaults remained unaffected.

Bitcoin dropped nearly 5% to below $87,000 during early Asian trading on December 1, erasing approximately $150 billion from total crypto market capitalization. The decline was driven by surging Japanese government bond yields, which triggered broad risk-off sentiment amid exceptionally thin trading volumes. The 10-year Japanese government bond yield climbed to 1.84%, its highest level since April 2008, leading markets to price in a potential Bank of Japan rate hike in mid-December.