Daily Market Wrap | Dec. 03

Hot Topics

• BlackRock's IBIT Bitcoin ETF hits U.S. options top 10 with 7.7M active contracts, outpacing gold ETFs and tech stocks.
• CNN partners with Kalshi to integrate prediction market data into news coverage.
• American Bitcoin stock plunges 39% after token lockup expiry, with Eric Trump calling the volatility expected.

Market Updates

• Aave DAO proposes deprecating zkSync, Metis, and Soneium due to low revenue and poor fit, retreating from multichain expansion.
• Astria Network sunsets its Celestia-based shared sequencer after raising $18M, due to limited adoption and feature rollbacks.