24-Hour Crypto Market Update: PENGU Gain 28%, SUI & Solana Trends

Crypto Market Update: Next Fed Chair Who? Why Astria Network ShutDown?

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.12 trillion, marking a 6.41% increase in the last 24 hours.

• Daily trading volume reached $156.7 billion.

• Bitcoin remains the leader with a 59.1% dominance, while Ethereum holds a 11.7% share.

• A total of 48,870 cryptocurrencies are currently being tracked.

• The largest gainers in the industry are Polkadot and XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $92714.5, representing a 6.88% rise in the past 24 hours. With $79.83 billion in trading volume and a $1.85 trillion market cap.

• Ethereum trades at $3038.43, up 8.23% in the last 24 hours, with a $366.5 billion market cap and $26.6 billion in trading volume.

Top 5 Trending Coins in 24 Hours:

• Bitcoin is at $92,692.64, gaining 6.84% with a strong $77.28B trading volume.

• Yooldo ESports at $0.4063, down 8.77%, recording $195.96M in volume.

• DeMCP at $0.0001036, dropping 19.14% with $13.06K in trading volume.

• Solana at $139.45, rising 9.6% with $6.22B in volume.

• Sui at $1.63, surging 21.26%, supported by $1.2B in trading activity.

Top 3 Gainers in 24 hours:

• Pudgy Penguins (PENGU) at $0.01231, up 27.25%, with TV of $312.7M.

• Sui (SUI) rose 21.06% to $1.64, supported by $1.20B in TV.

• SPX6900 (SPX) at $0.7289, gaining 17.38%, with TV of $39.9M.

Top 3 Losers in 24 hours:

• Zcash (ZEC) is trading at $319.52, up 5.26% in the last 24 hours, with a TV of $1.44B.

• MemeCore (M) is priced at $1.33, rising 5.24%, supported by a TV $37.27M.

• UNUS SED LEO (LEO) stands at $9.57, gaining 2.58%, with TV of $1.10M.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $315 billion with $136 billion in trading volume, representing a 0.17% Negative change.  

• The DeFi market cap stands at $81.07 billion, down 5.17% in the last 24 hours, with a trading volume of $14.3 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

Today’s Fear & Greed Index shows 28 (Fear), indicating cautious sentiment. Conditions improved slightly from yesterday’s (23) extreme fear but remain weak due to recent price drops, low trading confidence, and ongoing macro uncertainty. Traders are risk-averse, causing slower buying activity and heightened short-term volatility across the cryptocurrency

Latest Cryptocurrency Market News Today, December 3, 2025

1. Mark Moss Explains How Bitcoin Could Fund Future Retirement

Mark Moss says traditional retirement planning is outdated, arguing Bitcoin’s potential rise to $1 million could let everyday investors leverage debt for annual income without selling their holdings.

2. Strategy Inc. Strengthens Cash Buffer

StrategyInc. CEO Phong Le said its new $1.4B cash reserve can fund dividends and interest for nearly two years, limiting Bitcoin sales, and may enable BTC lending if market pressures grow.

3. Coinbase Adds Five New Tokens to Its Listing Roadmap

Coinbase announced the addition of Humidifi (WET), zkPass (ZKP), Plume (PLUME), Hyperlane (HYPER), and Jupiter (JUPITER) to its asset listing roadmap, signaling broader market access and growing ecosystem support.

4. European Banks Unite to Launch Euro Stablecoin

Ten major European banks, including ING, UniCredit, and BNP Paribas, have formed Qivalis to launch a euro-based stablecoin in 2026, seeking an EMI licence to boost Europe’s digital payment independence.

5. Cathie Wood Says AI’s Big Productivity Boost Is Near

Cathie Wood says AI is still early, and slow enterprise gains reflect restructuring needs. She highlights rising investment and Palantir’s 123% U.S. growth as signs that a major productivity surge is close.

6. Kraken Buys Backed Finance to Boost Tokenized Stocks

Kraken has acquired Backed Finance, the world’s second-largest stock tokenization platform. The deal will bring tokenized U.S. equities to Kraken’s exchange. Kraken is valued at $20B and is preparing a 2026 IPO.

7. Aave Proposes Major Shift in Multichain Strategy

Aave has introduced a proposal to refine its multichain strategy by raising reserve factors, shutting low-revenue markets, and requiring new deployments to generate at least $2 million in annual revenue.

8. Trump Signals Kevin Hassett as Next Fed Chair

President Donald Trump said he’s decided who will lead the Federal Reserve — and strong hints point to Hassett as his pick. Markets reacted fast, expecting easier, lower interest rates.

9. American Bitcoin Corp Shares Crash After Lockup Ends

American Bitcoin Corp., co-founded by Eric Trump, saw its stock plunge by more than 50% within minutes on Tuesday as restricted shares were unlocked, prompting repeated trading halts. The price now remains 38% lower than on Monday.

10. Astria Network Shuts Down After Mainnet Struggles

Astria Network, built on Celestia, will shut down its shared sequencer at block 15,360,577. Despite $12.5M in funding, low adoption, halted Flame development, and recent setbacks, it was closed.

CoinGabbar’s Opinion

The current market shows strong gains across major assets, but rising volumes and a Fear Index still in “Fear” territory signal cautious sentiment. Investors should stay alert—opportunities exist, especially in trending altcoins, but volatility remains high. Short-term gains look promising, yet disciplined risk management and research are essential before entering new positions.

Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses