NYSE Arca certified Grayscale's Chainlink Trust ETF for listing on Monday, with trading set to begin Tuesday on the New York Stock Exchange. The product marks the first exchange-traded fund offering exposure to Chainlink's LINK token. LINK currently holds a market capitalization near $8.5 billion.

Ripple's RLUSD stablecoin has reached $1.26 billion in total supply, with $1.03 billion or 82% deployed on Ethereum and $235 million on the XRP Ledger. The distribution reflects Ethereum's mature DeFi infrastructure and deep liquidity pools compared to XRPL's emerging ecosystem. Weekly transfer volume on Ethereum now averages approximately $1.0 billion, up from $66 million at the start of the year, according to Token Terminal.

U.S. prediction market platform Kalshi has launched tokenized versions of thousands of its betting markets on the Solana blockchain. The integration introduces permissionless access to the platform's liquidity pool for developers, aiming to attract crypto-native users and intensify competition with blockchain-based rival Polymarket. Kalshi is collaborating with Solana protocols DFlow and Jupiter to bridge its off-chain orderbook to onchain infrastructure.

Ethereum fell below $3,000 on Sunday, declining toward $2,800 and intensifying market pressure. Data show whale wallet 0xdECF transferred 5,000 ETH—approximately $15.05 million—to Binance. Since October 28, the wallet has moved 25,603 ETH to exchanges, totaling roughly $85.44 million, while retaining 10,000 ETH worth around $30.34 million.

Solana dropped over 10% in 24 hours to approximately $123, testing a multi-year ascending channel support level established since May 2022. Institutional ETF products recorded net inflows of 83,144 SOL ($10.5 million) in the past day, according to available data. The network maintained its lead in decentralized exchange volume at nearly $3 billion over the same period.

Decentralized exchange SushiSwap announced a leadership transition on December 1, with Synthesis founder Alex McCurry purchasing over 10 million SUSHI tokens worth approximately $3.34 million and assuming operational control. Outgoing CEO Jared Grey, who led the protocol for three years through regulatory scrutiny and governance disputes, will transition to an advisory role. The platform described the change as part of positioning for expansion, citing profitability goals and product development plans.

Hedge fund manager Michael Burry described Tesla as "ridiculously overvalued" in a Substack post published Sunday, citing the company's trading multiple of 209 times forward earnings. Burry highlighted concerns about shareholder dilution, noting that Tesla dilutes its stock by 3.6% annually through compensation without offsetting buybacks. He warned that Elon Musk's $1 trillion pay package, approved by shareholders last month, will exacerbate the dilution.

Forward Industries, which holds the largest Solana treasury among publicly traded companies, has appointed Ryan Navi as chief investment officer to oversee its SOL strategy. The company's holdings have declined more than 40% in value since their mid-September acquisition. Navi previously served as managing director and head of venture at ParaFi Capital.