Ethereum recorded a net outflow of $126 million in spot trading over the past 24 hours, Coinglass data show on Dec. 2. XRP saw $116 million in net outflows, while ZEC, COMP, and DOGE recorded outflows of $18.2 million, $11.26 million, and $10.9 million respectively. Bitcoin attracted $21 million in net inflows, with USDE, TRX, AAVE, and HYPE recording $5.26 million, $5.21 million, $3.28 million, and $3.09 million respectively.

Privacy-focused Ethereum Layer 2 network Aztec raised 12,500 ETH in its presale and opened its public token sale on December 2 at 14:40 UTC, the project announced. The sale uses the Continuous Clearing Auctions (CCA) mechanism developed jointly by Uniswap and Aztec, operating entirely on-chain via Uniswap v4. The public sale offers 14.95% of total token supply with a floor price corresponding to 98,493 ETH, representing approximately $280 million fully diluted valuation at current ETH prices. Aztec, backed by a16z, Paradigm, Vitalik Buterin, and Aave founder Stani Kulechov, has developed privacy technology for seven years and created the general-purpose zero-knowledge programming language Noir.

Binance Alpha will distribute tokens on Dec. 2 at 21:00 UTC+8, BlockBeats reports. Users holding at least 253 Alpha points qualify for the airdrop on a first-come, first-served basis. Distribution continues until the airdrop pool is depleted or the event concludes.

HumidiFi, a dark pool decentralized exchange on Solana, generated $1.048 billion in trading volume over the past 24 hours, ranking first among Solana ecosystem DEXs and accounting for approximately 30% of the chain's total DEX volume of $3.456 billion, Defillama data show. Unlike traditional AMMs with public liquidity pools, HumidiFi operates without external liquidity providers, relying solely on creator-owned internal liquidity to deliver tighter slippage tolerance and MEV protection. The platform has been integrated into Jupiter's routing system, representing nearly one-third of Prop AMM activity on that aggregator. HumidiFi announced its WET token will launch via Initial Coin Offering on Jupiter's Decentralized Token Formation platform on December 3, with tokenomics revealing a total supply of 1 billion tokens and 10% allocated to the ICO with full unlock at Token Generation Event.

The address "pension-usdt.eth" opened a 2x leveraged ETH long position worth $56 million at an average price of $2,825 on Dec. 1 at 21:00, Coinbob data show. The position has declined 1.78%, resulting in a floating loss of $460,000, and currently ranks second in ETH long holdings on Hyperliquid. Earlier on Dec. 1 at 09:00, the same address closed an ETH short position valued at approximately $18.1 million, recording a profit of about $900,000. The address has been executing swing trades with low leverage and large position sizes, maintaining an average holding period of 8 hours this week, with monthly profits reaching $9.96 million.

U.S. spot Ethereum ETFs recorded a net outflow of $79 million on Dec. 1, ending a five-day inflow streak, Farside Investors data show. Grayscale's ETHE saw $49.8 million in outflows, while Grayscale's ETH posted $20.3 million in outflows.

Whale trader pension-usdt.eth opened a 2x leveraged long position on 20,000 ETH valued at $56 million with an average entry price of $2,825.9 on Dec. 2, Lookonchain data show. The trader previously opened a 2x short position worth $18 million on ETH before a market decline, closing it with a $910,000 profit.

A wallet linked to Ethena Labs withdrew 25 million ENA tokens worth $6 million from Bybit three hours ago, Lookonchain data show. Since Nov. 7, the address has withdrawn 405.15 million ENA valued at $96.8 million from Bybit and Coinbase Prime.

Franklin Templeton Digital Assets announced on Dec. 2 that its Franklin Crypto Index ETF expanded holdings to include ADA, LINK, DOGE, SOL, XLM, and XRP. The ETF previously held only BTC and ETH. The addition brings the total number of digital assets in the index fund to eight tokens.