On Tuesday evening, Hyper Foundation asked validators on Discord to vote on recognizing HYPE in Hyperliquid’s Assistance Fund as burned, effectively removing nearly $1 billion from circulating and total supply. The stake‑weighted vote remains open until Dec. 21 at 04:00 UTC, and the fund currently holds about 37 million HYPE, over 13% of a 270 million supply, according to The Block.

On Monday, MetaMask announced native Bitcoin support, enabling users to buy BTC with fiat, transfer it onchain and swap between BTC, EVM assets and SOL. The update follows earlier 2024 launches such as Solana integration, a Polymarket onramp, an mUSD stablecoin and in-app perps trading via Hyperliquid, and ties into MetaMask's upcoming MASK rewards program that includes over $30 million in LINEA incentives.

Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol as the exclusive bridge for its wrapped assets, including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP. The token set is valued at about $7 billion. Launched in beta in 2023, CCIP is designed to streamline deployment of these assets to additional blockchains.

Lighter, an Ethereum-based decentralized perpetual exchange valued at $1.5 billion, introduced spot market trading starting with ETH on Thursday. The platform processed $292.5 billion in trading volume during November, becoming the highest-volume perpetuals protocol that month. Lighter plans to add additional spot markets in the coming days.

Aave's governance community is considering shutting down protocol deployments on three blockchain networks that have underperformed financially. The Aave Chan Initiative proposed in late November to deprecate instances on zkSync, Metis, and Soneium, citing revenues insufficient to justify operational costs and risk exposure. The proposal includes establishing a $2 million annual revenue minimum for future chain deployments.

Yearn Finance has recovered approximately $2.4 million following a Sunday exploit that drained roughly $9 million from its yETH pools. An attacker exploited an unchecked arithmetic vulnerability to mint an excessive quantity of yETH tokens, enabling liquidity extraction from the protocol's Curve-based stableswap pools. Recovery efforts remain ongoing, with collaboration from security firms SEAL 911 and ChainSecurity.

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.

Crypto market maker DWF Labs has launched a $75 million proprietary fund targeting decentralized finance infrastructure across Ethereum, BNB Chain, Solana, and Base. The fund will support projects addressing liquidity provisioning, settlement systems, credit mechanisms, and on-chain risk management, according to co-founder Andrei Grachev. The vehicle is not currently accepting external investors.

USDT0, a Tether-pegged omnichain stablecoin issued by Everdawn Labs, has surpassed $50 billion in cumulative transfers across 15 blockchain networks. The milestone was reached 10 months after its January 2025 launch using LayerZero's Omnichain Fungible Token standard. Over one-fifth of the total volume was transferred in the past month alone, with more than 415,000 transactions completed since debut.