Selected News:

1. The value of 1.13 billion US dollars in BTC and 470 million US dollars in ETH options contracts will be delivered tomorrow upon expiration.

2. Yesterday, the total network transaction fee of Bitcoin was only 63.6 BTC, a decrease of about 80% from the mid-November high point.

3. In the past 24 hours, Solana NFT trading volume has surpassed Bitcoin NFT, reaching $9.64 million.

4. GMT, MNT, and WLD are among the top Smart Money 24-hour inflow list.

5.BNB Chain: Both the BSC and opBNB testnets have been fixed.

Price Observation

Affected by the news of "Upbit's launch", ID temporarily rose by nearly 40%According to market data, influenced by the news of "Upbit listing", the maximum increase within 5 minutes for ID reached 39.6%, and it is currently priced at 0.327 USD.

BEAN has broken through $0.031, and its market value has surpassed Azuki Elementals and other series of NFTs.

According to CoinGecko data, the price of BEAN, the token of the memecoin project (formerly AzukiDAO governance token), has broken through $0.031, with a growth rate of 159.9% in the past two weeks and a market capitalization of $31.74 million.

According to data from NFTGo.io, the current market value of BEAN has surpassed that of the BEANZ Official series NFT (6,759.06 ETH, approximately 13.858 million USD) and the Azuki Elementals series NFT (8,758.38 ETH, approximately 18.37 million USD).

Transaction Tracking

Cumberland deposited 1.8 million OP coins into CEX one hour ago.

According to Scopescan data monitoring, Cumberland deposited a total of 1.8 million OP (approximately 3.09 million US dollars) into Coinbase and OKX one hour ago.

A certain whale address withdrew a total of $36.59 million worth of cryptocurrency from Binance in the past 18 hours

According to Spot on Chain monitoring, a whale address starting with 0x865 has withdrawn a total of $36.59 million worth of cryptocurrency from Binance in the past 18 hours. The assets include:

· 10,000 ETH (approximately $2.03 million USD)

· 45,000 BNB (approximately $10.2 million USD)

· 3000 billion SHIB (approximately 2.47 million USD)

· 260 million IOST (approximately $2.4 million USD)

· 16 million CHZ (approximately 1.18 million USD)

Currently, the whale address holds a total of $38.2 million worth of encrypted assets.

Celsius address transferred 9600 ETH to CEX 3 hours ago

According to Spot on Chain monitoring, Celsius Network further deposited 9,600 ETH (approximately $19.5 million) into Coinbase and OKX through address 0xc45, 3 hours ago.

Within the past 16 days, Celsius Network has deposited a total of 19,160 ETH (approximately $40.31 million) at an average price of $2,040 to FalconX, Coinbase, and OKX. Currently, Celsius Network still holds approximately 59,581 ETH (approximately $121 million) in multiple addresses.

According to PR Newswire, Bit Brother, a Bitcoin mining company, has mined over 120 Bitcoins in the past 11 months at its mining facility in Texas. The second mining facility is expected to begin operations in January next year, with an initial purchase of approximately 1,500 mining servers and an estimated daily output of 0.4 Bitcoins.

Bitget Launchpool has launched GAMEE and ZKS

Bitget Launchpool has launched new projects GAMEE (GMEE) and ZKS. ZKS is already open for investment, and users can invest BGB to receive ZKS token rewards. The total prize pool for new users is 500,000 ZKS, and the regular prize pool is 280,000 ZKS. GAMEE will be open for investment at 19:00 today, with a total reward of over 1.56 million GAMEE tokens.

Binance's new CEO: Binance Web3 wallet has created one million accounts

Binance's newly appointed CEO, Richard Teng, posted on social media that the number of Binance Web3 wallet creations has reached 1 million.

Viewpoint Data

Yesterday's Bitcoin network transaction fees were only 63.6 BTC, a decrease of about 80% from the mid-November high.

According to data from BTC.com, the total network transaction fee for Bitcoin was only 63.6 BTC yesterday, a decrease of 79.9% compared to the total network transaction fee of 317.4 BTC on November 16th. This is at the same level as the beginning of November.

Bitget Research Institute: GameFi sector rebounds, positive events emerge in NovemberAccording to RootData, the GameFi sector saw a rebound in investment in October, with financing exceeding $100 million, a 61% increase from September's $67 million. In contrast, financing in July and August this year was less than $15 million. Positive events for GameFi emerged in November, with Pixels, Illuvium, Gala Games, TreasureDAO, and others releasing positive news. In addition, traditional gaming giants such as Unisoft entering the market have raised users' expectations for the playability of blockchain games.

Bitget Research Institute believes that with the increasing confidence of capital in the GameFi track, the optimization of gaming experience, and the lowering of user thresholds, more funds and users will be attracted in the future.

Data: NFT lending platform Blend's total transaction volume exceeds 3 billion US dollars

According to Dune data, the total trading volume of Blend, an NFT lending platform under Blur, has reached 3.05 billion US dollars, with a total of 305,528 loans. The platform currently has 6,559 independent borrowers and 3,704 independent lenders.

Data: Solana NFT transaction volume exceeded Bitcoin NFT in the past 24 hours, reaching $9.64 million

According to Cryptoslam data, the Solana NFT transaction volume reached $9.645 million in the past 24 hours, with a 24-hour increase of 97.5%, surpassing the $5.904 million transaction volume of Bitcoin NFT.

In addition, the Ethereum NFT transaction volume reached 11.984 million US dollars in the past 24 hours.

Data: $1.13 billion worth of BTC and $470 million worth of ETH options contracts will expire and settle tomorrow

According to data from Greeks.live, 29,000 BTC options are about to expire with a Put Call Ratio of 0.58, a maximum pain point of $37,000, and a nominal value of $1.13 billion.

23 million ETH options are about to expire, with a Put Call Ratio of 0.49, a maximum pain point of $2100, and a nominal value of $470 million.

This week, the volatility of cryptocurrencies has significantly decreased. After the monthly settlement last week, BTC has hit 38,000 US dollars for three consecutive times, but ultimately failed to stand firm. As the upward momentum weakens, sellers have increased their sell call positions, and the skew level of options has gradually decreased. Investors who are optimistic about a short-term surge are becoming fewer and fewer, and everyone's expectations for an increase are mainly focused on the ETF approval in January.

Financing Express

LK Venture, a subsidiary of NetEase Games, announced its investment in UniSat and a comprehensive strategic cooperation agreement between Element and UniSat.

According to official sources, LK Venture, a cryptocurrency investment and research institution under Hong Kong-listed company Blueport Interactive (08267.HK), has announced a strategic investment in UniSat, a provider of Bitcoin open source wallets and Ordinals/BRC-20 infrastructure and services, through the BTC NEXT fund for managing investments in the Bitcoin network ecosystem.

Meanwhile, Element has also reached a comprehensive strategic cooperation with UniSat to develop BRC20 token and NFT trading market supporting Bitcoin Ordinals for community users.

固定收益协议 Term Structure 完成 425 万美元种子轮融资，Cumberland DRW 领投

Translation:

Fixed Income Protocol Term Structure Completes $4.25 Million Seed Round Financing, Led by Cumberland DRW

According to PR Newswire, non-custodial fixed income protocol Term Structure announced the completion of a $4.25 million seed round of financing, led by Cumberland DRW, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. Its total financing amount has exceeded $8 million as of now.

It is reported that Term Structure has been launched on the Ethereum Goerli testnet, and the protocol currently has two core markets on its platform. In the primary market, users can post orders to borrow or lend tokens, including fixed interest rates and fixed maturity dates. In the secondary market, users can buy and sell fixed income tokens through the order book trading system.

Regulatory News

Brazil's new tax law proposes taxing income from cryptocurrencies held by its citizens on foreign trading platforms

According to Cointelegraph, the Brazilian Chamber of Deputies has passed a new income tax bill that is currently awaiting presidential approval. The bill requires Brazilians to pay taxes on income generated from cryptocurrencies held on foreign trading platforms at the same rate as local income, which could be as high as 15%.

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