December 2 Crypto Surge: NEXO, MYX Finance, and JUST Lead the Charge
Forget the sideways shuffle—today's crypto board flashes green with conviction. Three names are sprinting ahead of the pack, carving double-digit gains while traditional finance debates its next coffee break.
The Leaders of the Pack
NEXO isn't just ticking up; it's making a statement. The lending platform's native token is surging, suggesting investors are betting big on its integrated financial ecosystem over your traditional, paperwork-heavy bank.
MYX Finance joins the rally, its decentralized perpetual exchange protocol catching a serious bid. Traders are clearly voting with their wallets for on-chain derivatives, bypassing the gatekeepers of legacy systems.
Then there's JUST. The DeFi stalwart's governance token is posting major gains, signaling renewed confidence in its stablecoin and lending markets. It's a stark reminder that while central banks talk about digital currency pilots, decentralized finance is already executing at scale.
Behind the Numbers
This isn't random noise. The coordinated move across distinct sectors—lending, trading, and stablecoin infrastructure—hints at broader capital rotation into utility-driven crypto assets. Money is seeking platforms with clear use cases, not just speculative memes.
One cynical take? Watching these decentralized networks execute seamless, global transactions in real-time almost makes you feel bad for the legacy finance giants still trying to figure out their own blockchain strategy—almost.
The bottom line: While the old guard is busy forming committees, crypto's builders are busy building value. Today's action proves that when the market moves, it moves towards utility, speed, and sovereignty. The train isn't waiting for anyone to catch up.
Major Crypto Events Today
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin price is at $86,768.35, down 0.88% in the past 24 hours, with a market cap of $1.73 trillion and a 24-hour trading volume of $81.6 billion.
Ethereum is priced at $2,805.42, falling 1.72% over the last day, holding a market cap of $338.6 billion and a 24-hour trading volume of $32.5 billion.
Rayls (RLS) is trading at $0.02596, down 63%, with a strong trading volume of $53.58 million.
Bitcoin (BTC) is priced at $86,735.23, slipping 0.69%, and recording $81.57 billion in trading volume.
DeMCP (DMCP) is trading at $0.0001304, down 3.97%, with a trading volume of $16.4K.
Yooldo (ESPORTS) is trading at $0.4497, down 1.81%, with $237.09 million in trading volume.
Ethereum (ETH) is priced at $2,804.19, dropping 1.6%, with $32.5 billion in trading volume.
Nexo (NEXO) is trading at $0.9549, up 3.98%, with a TV of $25.75M.
MYX Finance (MYX) has risen 3.59% to $2.94, with a TV $75.59M
JUST (JST) is priced at $0.04391, gaining 2.84%, with a TV of $106.77M.
AB (AB) at $0.005289, down 11.80%, with a TV of $18.4M.
Zcash (ZEC) at $346.02, down 11.21%, with a TV of $1.44B.
Polygon (POL, previously MATIC) at $0.1176, down 6.70%, with a TV of $123.25M.
Stablecoins hold a market cap of $309.9 billion with $128.4 billion in trading volume, representing 0.1% positive change.
The DeFi market cap stands at $105 billion, down 5.4% in the last 24 hours, with a trading volume of $7 billion. DeFi dominance remains at 3.5%.
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index shows Extreme Fear at 23, slightly lower than yesterday. This drop reflects uncertainty caused by recent price volatility, aggressive sell-offs, and investors avoiding risk. Continued fear signals weakened confidence and cautious trading behaviour across the industry.
Latest Cryptocurrency Market News Today, Dec 2
Kalshi has enabled tokenized event contracts on Solana, letting users trade them anonymously on-chain. DFlow and Jupiter will bridge Kalshi’s off-chain orderbook to Solana, boosting institutional liquidity access.
Vanguard will allow Bitcoin, Ether, XRP, solana and other regulated crypto ETFs and mutual funds to trade from December 2, 2025, ending its anti-crypto stance while excluding memecoin-linked products.
Coinbase announced that spot trading for Plasma (XPL) will begin on December 2, 2025. The XPL-USD pair will open at or after 9 AM PT, depending on liquidity.
Coinbase’s 2025 Transparency Report shows 12,716 government data requests, up 19% year-on-year. Over half came from outside the U.S., with France posting the biggest surge at 111%.
Germany and Switzerland have shut down Cryptomixer, a Bitcoin mixing service that laundered $1.4B. Authorities seized $27M and key servers. Experts say ransomware groups will quickly move to other laundering methods.
BitMine Immersion announced total holdings of $12.1B, including 3.73M ETH and $882M cash. The company will host its annual shareholder meeting on January 15, 2026, in Las Vegas.
Strategy Inc. has created a $1.44B reserve from at-the-market stock sales to secure 12 months of dividends and interest. Holding 650,000 BTC, it aims to manage market volatility effectively.
The CNB governor said a 2.5% bitcoin ETF allocation could match raising U.S. equity exposure with less volatility. A 5% BTC stake over the decade would’ve boosted returns but doubled volatility.
Yorkville Acquisition, TRUMP Media, and Crypto.com will merge to form a CRO-staking digital asset vault. The deal includes buying 684.4M CRO, with completion expected early 2026 as CRO drops 30%.
Solana vault firm Forward Industries has appointed ex-ParaFi executive Ryan Navi as CIO, overseeing SOL vault and staking strategies. The firm now holds 6.91M SOL as its stock drops sharply.
CoinGabbar’s Opinion
Based on today’s cryptocurrency update, investors should exercise caution. The overall markets show a 0.8% decline, with the Fear & Greed Index at Extreme Fear (23), indicating heightened uncertainty. Major coins are falling, and regulatory actions and institutional developments are shaping volatility. Stablecoins and established DeFi projects appear safer, while high-risk tokens may face continued turbulence.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.
