Daily Legal Evening News | Bitget announced the suspension of new user registrations from mainland China; Zhu Su speaks on social media again after a hiatus of 9 weeks.
Selected News:
1. Ethereum broke through $2100 in a short period of time, with a 24-hour increase of 2.89%.
2. Bitcoin breaks through $38,000 with a 24-hour increase of 0.32%.
3. Bitget announced that it will temporarily suspend new user registrations from mainland China;
4. Zhu Su speaks again on social media after 9 weeks of silence;
5. Terraform Labs invests $2.65 million in liquidity for the ecological project White Whale.
Price Observation
NFT project "Pudgy Penguins" floor price breaks 7.3 ETH, creating a new historical high
On December 1st, according to Blur market data, the floor price of NFT project "Pudgy Penguins" has reached a historical high of 7.3 ETH. The current floor price is 7.339 ETH, with a 7-day increase of 20.51%.
LBank Third Launchpad AIMEME Officially Launched, Price Surged Over 1542% in Half an Hour
On December 1st, according to official sources, LBank's third Launchpad project AIMEME saw a significant increase in value after its initial trading. Today, AIMEME opened at a price of 0.01 USDT and rose to 0.1542 USDT within half an hour of being listed, an increase of over 15 times its initial Launchpad price.
It is reported that LBank's Launchpad has a total of 61,005 participating users, with a total investment of over 95 million USDT.
Ethereum short-term breakthrough $2100, 24-hour increase of 2.89%
On December 1st, according to OKX market information, Ethereum briefly broke through $2100 and is currently priced at $2098, with a 24-hour increase of 2.89%.
Bounce native token AUCTION rose to $13.5, up more than 10% in 24 hours
On December 1st, market data shows that the native token of decentralized auction platform Bounce Finance, AUCTION, has risen to touch $13.5, currently priced at $13.12 with a 24-hour increase of over 10%.
BlockBeats previously reported that Bounce Finance announced the launch of BounceBit. This is a DeFi solution designed for the Bitcoin ecosystem, based on Binance Bitcoin (BTCB) and powered by AUCTION.
Influenced by Zhu Su's voice, OX rose more than 40% in a short time
On December 1st, influenced by Zhu Su's voice on social media, OX has increased by over 40% in the past hour and is now priced at 0.02073 USD.
Bitcoin breaks $38,000, up 0.32% in 24 hours
On December 1st, according to OKX market data, Bitcoin broke through $38,000 and is currently priced at $38,002, with a 24-hour increase of 0.32%.
Chain game Pixels NFT land floor price rose to 1.37 ETH, a 24-hour increase of 39.69%
On December 1st, according to Blur market information, the floor price of Pixels NFT land in the chain game is now reported at 1.37 ETH, with a 24-hour increase of 39.69% and a weekly increase of 128.17%.
Transaction Tracking
On December 1st, according to Lookonchain monitoring, after DYDX was unlocked, some investors sold 7.5 million DYDX (23.3 million USD) through Wintermute and Amber. Four addresses deposited 6.83 million DYDX (21.2 million USD) into Binance through the Amber-related address "0xb0d4". Four addresses deposited 675,000 DYDX (2.09 million USD) into Binance, OKX, and Gateio through Wintermute.
A certain whale again withdrew 980 BTC from Binance, equivalent to $37.5 million
On December 1st, according to on-chain analyst Yu Jin's monitoring, an hour ago, a certain whale withdrew 980 BTC ($37.5 million) from Binance again. The address has withdrawn a total of 2,380 BTC ($90.78 million) from Binance in the past 3 days. Currently, the whale holds a total of 2,431 BTC ($93.05 million) with an average cost of $37,985.
On December 1st, according to Lookonchain monitoring, a certain whale has transferred a total of approximately $187 million worth of cryptocurrency assets from Binance over the past 3 days, including: · 2,380 BTC ($90.64 million) · 172,000 BNB ($39.19 million) · 16,300 ETH ($33.61 million) · 200,000 SOL ($12.20 million) · 530 billion SHIB ($4.40 million) · 460 million IOST ($4.20 million) · 1.6 million MATIC ($1.22 million) · 16 million CHZ ($1.16 million)
On December 1st, according to official sources, leading enterprise-level Web3 transaction service provider KUN has officially launched its website (kun.global) and opened the first batch of user registration and transaction applications.
It is reported that KUN, based on real scenarios, provides one-stop Web3.0 transaction service solutions for overseas enterprise-level clients in cross-border e-commerce, digital entertainment, overseas gaming, and service trade, and is committed to building a "Fiat+Crypto" global new generation digital payment network for the future. Previously, KUN has reached a comprehensive strategic cooperation with HashKey to jointly create a new paradigm of Web3 digital payment empowering the real economy.
On December 1st, Geometric Energy Corporation CEO Samuel Reid announced on social media that the SpaceX "Doge-1" lunar mission, funded by DOGE, has received approval from the Federal Communications Commission (FCC) in the United States.
BlockBeats previously reported that on November 29th, according to Coindesk, the SpaceX "Doge-1" lunar mission sponsored by DOGE has been approved by the US National Telecommunications and Information Administration, and the plan is currently awaiting final approval from the Federal Communications Commission (FCC). It is reported that the DOGE-1 satellite was developed by space technology company Geometric Energy Corporation, which announced the project in May 2021. The satellite will be launched by SpaceX Falcon 9 rocket. The micro screen on the DOGE-1 satellite will display advertisements, images, and logos, and will then be broadcast to Earth. DOGE-1 is the first satellite to be fully paid for with DOGE tokens.
Terraform Labs invests $2.65 million in liquidity for ecosystem project White Whale
On December 1st, according to an official announcement, Terraform Labs (TFL) announced today that it has deployed $2.65 million in liquidity funds to the White Whale project in the Terra ecosystem. The specific fund allocation is as follows: $1.5 million for the LUNA/axlUSDC trading pair, $1 million for the wBTC/LUNA trading pair, and $150,000 for the LUNA/WHALE trading pair. It is reported that TFL's total capital investment in the Terra ecosystem in the past 16 days has reached $17.65 million.
Bounce launches BounceBit: a Bitcoin DeFi solution based on BTCB
On December 1st, Bounce Finance, a decentralized auction platform, announced the launch of BounceBit. This is a DeFi solution designed for the Bitcoin ecosystem, based on Binance Bitcoin (BTCB) and powered by AUCTION. The core BTCB - a BEP2/BEP20 asset pegged 1:1 to Bitcoin and locked on the Bitcoin blockchain - allows Bitcoin holders to participate in the decentralized finance (DeFi) space while maintaining their Bitcoin investment. This integration is crucial in providing new revenue streams and practicality for Bitcoin users. By locking their BTC and using BTCB, investors can participate in DeFi activities without giving up their position in Bitcoin, thereby taking advantage of potential price growth.In addition, BounceBit adopts an asset-centric strategy, which is different from the prevalent technology-centric model in the Ethereum Layer 2 ecosystem. At the same time, BounceBit leverages the extensive familiarity of the Binance user community and the intuitive design of the BNB chain, significantly lowering the adoption barrier for users. In this way, BounceBit opens up a more accessible channel for wider participation and investment in the cryptocurrency ecosystem.
Zhu Su speaks again on social media after 9 weeks
On December 1st, Zhu Su, co-founder of Three Arrows Capital, spoke out on social media again after a 9-week hiatus.
BlockBeats previously reported that on September 29th, the liquidator of Three Arrows Capital stated that Zhu Su, co-founder of the hedge fund, was arrested in Singapore while attempting to leave the country.
Galxe launches mobile application
On December 1st, Galxe announced the launch of its mobile application, which is now available for download on Android and iOS TestFlight. The Galxe mobile app aims to provide the same experience as galxe.com, but optimized for mobile devices to offer a better mobile experience. The app features include browsing and discovering new Web3 projects, managing Galxe ID personal profiles, participating in activities, receiving rewards, getting the latest updates, and the upcoming Galxe AI feature.On December 1st, the Arbitrum community recently released a proposal to extend the deadline of the protocols under the STIP (Short-Term Incentive Plan) and BackFund programs. According to this proposal, the protocols within STIP will have until March 1, 2024 to distribute ARB tokens to users, while the BackFund program's protocols will continue to provide liquidity support until March 15, 2024, and complete the distribution of ARB tokens by March 29, 2024. The main motivation behind this proposal is to ensure that all protocols have sufficient time to distribute incentive tokens to users, taking into account the time difference of the KYC (Know Your Customer) process and the delay compared to the original plan. Especially for the protocols under the BackFund program, which require KYC verification, there may only be about 6 weeks left for token distribution before the original plan ends. Therefore, this extension will provide nearly 16 weeks of complete time for these protocols to complete incentive distribution. In addition, this extension also includes adjustments to some protocols under the original STIP plan, so that all STIP protocols have sufficient time to distribute ARB tokens to users.
RWA DeFi lending protocol Goldfinch will launch on Base network
On December 1st, RWA DeFi lending protocol Goldfinch announced on social media that the community has approved the deployment of Goldfinch smart contracts on the Base network. Goldfinch plans to establish a new Goldfinch governance multi-signature wallet on Base and develop a Goldfinch factory to enable businesses to launch their instances on this platform.Okay Bears teams up with ZARA to launch a co-branded T-shirt worldwideOn December 1st, the NFT series Okay Bears announced that the Okay Bears co-branded T-shirt is now available for sale in 1,149 ZARA stores across 74 countries/regions worldwide. Okay Bears previously stated on November 28th that they are strategically expanding into the licensed clothing industry, with the aim of seamlessly integrating their brand information into mainstream culture.
CeFi Information
OKX Web3 DeFi partners with Swell to launch interest rate subsidies, with a maximum additional annualized return of 8%On December 1st, according to official sources, the OKX Web3 DeFi Interest Season has officially launched. Users can earn an additional 8% annualized return by staking ETH to Swell Network through OKX DeFi. Participating users can also choose to stake swETH obtained from Swell to Pendle and Equilibria, enjoying a maximum annualized return of 14%.
It is reported that OKX Web3 wallet will officially launch the "DeFi Interest Season" event from November 14, 2023, 18:00 to February 12, 2024, 18:00 (UTC+8), in collaboration with six major protocols including Lido, Stader, Swell, Pendle, Equilibria, and Penpie. In addition to more convenient operations and avoiding jumping back and forth between multiple pages, users can also receive multiple benefits by stacking additional interest subsidies.
Bitget announced the suspension of new user registrations in mainland China.
On December 1st, Bitget is currently in negotiations regarding a significant investment matter. This strategic decision will bring more opportunities and growth space for Bitget. Therefore, new user registrations from mainland China will be temporarily suspended from today onwards. Please stay tuned for official announcements regarding this matter.
On December 1st, according to official sources, OKX will officially launch leveraged trading, simple coin earning, and AUCTIONUSDT perpetual contracts for AUCTION/USDT on its website, app, and API at 4:00 PM (UTC+8) on December 1st, 2023.
Binance will remove BTC and ETH current DeFi mining products on December 5th.
Airdrop Unlock: The airdrops for spot trading pool and net deposit pool will be unlocked 100% on December 7th at 22:00 (UTC+8).
On December 1st, according to CoinDesk, ARK Invest, owned by Cathie Wood, sold Coinbase (COIN) stocks for the third time this week, selling a total of 37,377 shares. Based on Thursday's closing price, the value was nearly $4.7 million.
Viewpoint Data
On December 1st, according to CoinDesk, Glassnode data shows that since November 17th, over 37,000 bitcoins (worth $1.4 billion) have flowed out of trading platforms.
On December 1st, according to the latest report from Matrixport, Bitcoin is expected to reach $63,140 in April 2024 and $125,000 by the end of 2024. Matrixport attributes this trend to historical trends, halving of mining rewards, favorable geopolitical and macroeconomic factors, and predicts a three-year bull market.
On December 1st, according to a report by Cointelegraph, based on statistics released by the Australian Taxation Office (ATO), as of the end of the third quarter in September, nearly 612,000 self-managed superannuation funds (SMSFs) held a total of $658.6 million worth of cryptocurrency, a 400% increase compared to the same period in 2019 ($131.5 million). Danny Talwar, the tax director of cryptocurrency tax provider Koinly, stated that as of the end of last quarter, cryptocurrency accounted for only 0.1% of the total net assets held by Australian SMSFs. Smaller SMSFs often allocate more cryptocurrency in their investment portfolios.
Data: 150 million DYDX tokens unlocked 2 hours ago
Regulatory News
Jump Trading spokesperson declined to comment. The US SEC accused Do Kwon of misleading investors about the stability of his stablecoin TerraUSD in a previous lawsuit. Mark Califano, another lawyer for Do Kwon, said at the hearing that the SEC relied on a whistleblower in another major part of the case involving the Korean payment app Chai. The SEC accused Do Kwon of deceiving investors by publicly claiming that Chai uses Terra blockchain for settlement payments, when in fact it uses traditional payment technology. Califano said the whistleblower secretly recorded a conversation with a Chai engineer discussing how the app works. Califano pointed out that the whistleblower was "very biased" and said he had "been caught lying multiple times".
BlockBeats previously reported that on November 24th, the Montenegrin court approved the extradition of cryptocurrency tycoon Do Kwon (founder of Terra) to either South Korea or the United States. The Montenegrin Minister of Justice will make the extradition decision.
Former inmate reveals SBF was threatened with extortion in Brooklyn prison
On December 1st, according to Cointelegraph, cryptocurrency KOL Tiffany Fong recently interviewed former Metropolitan Detention Center (MDC) prisoner Gene Borrello, who revealed that Sam Bankman-Fried (SBF) became a target for extortion during his pretrial detention at MDC due to his timid nature and "80-year-old man's physique".
According to Borrello, there have been prisoners who attempted to intimidate SBF and extort protection money. "They wanted Sam Bankman to feel 'this place is dangerous, you need protection'," he said. However, Borrello stated that SBF is housed in a separate unit from the general population at the Brooklyn Metropolitan Detention Center, which includes wealthy individuals and government collaborators.
Borrello remembers having a conversation with SBF, during which SBF appeared very timid and nervous. He also asked SBF how he spent his wealth. "I asked him, 'What have you done with your money? What kind of watch are you wearing?' He said, 'I have an Apple watch.' I asked, 'What kind of car do you drive?' He said, 'A 2020 Toyota Camry.'"
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