According to Foresight News, Yearn Finance's yETH has been targeted in an exploit. The attacker exploited a vulnerability allowing unlimited minting of yETH, swiftly draining the entire yETH pool in a single transaction. On-chain data reveals that approximately 1,000 ETH, valued at around $3 million, was subsequently transferred to Tornado Cash. The attack appears to have been executed through several newly deployed contracts, some of which self-destructed immediately after the transaction. The extent of the impact on the original $11 million fund size of the yETH pool remains uncertain. Yearn Finance officials are investigating the incident and have emphasized that their V2 and V3 vaults remain unaffected.

OKX market data shows that BTC has fallen below 87,000 USDT, currently trading at 86,992.7 USDT, a 24-hour drop of 4.27%. (This news item was generated with AI assistance.)

According to PANews, Whale Alert has reported that the USDC Treasury recently destroyed approximately 60 million USDC, equivalent to around $59.99 million, on the Ethereum blockchain.

According to Odaily, cryptocurrency analyst EmberCN reported that the ETH long position held by 'Maji Dage' has been liquidated following a market downturn. Initially, the position, funded with $1 million, had grown to $2.08 million. However, due to the recent decline, the remaining balance is approximately $360,000.

Tether CEO Paolo Ardoino has strongly criticized S&P Global and critics, dismissing the agency’s assessment as based on “outdated legacy models. He argued that the downgrade of the stablecoin’s rating was based on incomplete information and did not accurately reflect the company’s real financial strength. Ardoino insisted that S&P had failed to fully take into account Tether’s […] source: https://www.cryptopolitan.com/tether-ceo-hits-back-at-sp-and-critics/

US President Trump: I know who I'm going to choose as Federal Reserve Chairman, and I will announce it soon. (Jinshi)

On Dec 01, 2025, 00:51 AM(UTC). According to Binance Market Data, BNB has dropped below 840 USDT and is now trading at 837.51001 USDT, with a narrowed 4.29% decrease in 24 hours.

null source: https://x.com/lookonchain/status/1995294615696822739

Jerome Powell rumored to resign as Fed Chair; no official confirmation or impact observed. source: https://coincu.com/news/powell-fed-chair-resignation-rumor/

According to 10x Research, the crypto market recorded its lowest trading volume since July last week, with Bitcoin encountering resistance again near 92,000 USDT. Despite rising expectations of an interest rate cut, the price failed to break through this key resistance level. The report shows that the total market capitalization of cryptocurrencies is approximately $3.1 trillion, up 4% from the previous week, with a weekly average trading volume of $127 billion, 32% lower than the average. Specifically, Bitcoin's weekly trading volume was $59.9 billion, 31% lower than the average; Ethereum's weekly trading volume was $21.1 billion, 43% lower than the average, and its network fee (0.05 Gwei) was in the 5th percentile, reflecting low on-chain activity. In derivatives, Bitcoin futures funding rates rose to 4.3%, placing it at the 20th percentile over the past 12 months, while open interest decreased by $1.1 billion to $29.7 billion. Ethereum funding rates rose to 20.4%, placing it at the 83rd percentile, while open interest increased by $900 million to $16.2 billion. Currently, Bitcoin and Ethereum futures open interest account for 56% and 72% of their market capitalization, respectively.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2895, providing you with the latest and fastest news on the digital currency and blockchain industry.

"Our core demand is very clear— to return the property to its rightful owner, that is, to return it to the Chinese victims."

On November 29, the People's Bank of China officially published an article titled "Meeting Held on Coordination Mechanism for Combating Virtual Currency Trading and Speculation," which provided the latest discussion on virtual currencies and stablecoins.

Stablecoins, regulation, law, stablecoins in 2025: You're in the Dream of the Red Chamber, I'm in Journey to the West. Golden Finance: Who's in the Dream of the Red Chamber, who's in Journey to the West? Perhaps we all have the answer in our hearts.

On December 3, 2025, Ethereum will activate the “Fusaka” upgrade on the mainnet, which is the second major hard fork this year, following the “Pectra” upgrade in May.

On November 28, 2025, the People's Bank of China convened a meeting of the coordination mechanism for combating speculation in virtual currency trading.

In previous years, Vitalik focused on discussing technology, but this year he shifted his focus to discussing Ethereum's "value," reflecting that Ethereum is moving from the infrastructure phase to positioning its influence on the chain.

2025 年，AB 慈善基金会持续加大对东帝汶的支持力度，从教育与基础民生两条主线同步发力，围绕当地青年和困境儿童，推出具有延续性与互补性的公益项目，推动当地社会的可持续发展。

Taken together, these two initiatives in Timor-Leste amount to a total of USD 1,191,412 in support. By combining scholarships with in-kind assistance, the Foundation is addressing both “present-day necessities” and “future opportunities,” demonstrating its global, long-term commitment to its mission of “Technology for Good, Empowering the Future.”

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.