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Daily Briefing: ORDI surges to a new all-time high this morning, breaking through $54; Boyaa Interactive announces a meeting on December 22 to decide on potential cryptocurrency purchases not exceeding $100 million.

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Good morning! Here is a summary of important news in the cryptocurrency industry from last night and this morning on December 5th.

Selected News:

1. ORDI surged to a new all-time high of $54 this morning.

2. Boya Interactive: On December 22nd, a shareholder special meeting was held to pass a resolution for potential cryptocurrency purchases not exceeding $100 million.

3. Data: In November, the number of Bitcoin on-chain transactions reached 16.42 million, setting a new historical record.

4. The Evmos Core team proposed a destruction mechanism draft, suggesting the destruction of 132.3 million EVMOS coins from the incentive pool account.

5. Brazil's largest bank, Itau, launches cryptocurrency trading services.


Price Observation


ORDI surged to a new high of $54 this morning.

On December 5th, according to OKX market data, ORDI surged to a high of $54 this morning before falling back to a price of $51.562, with a 24-hour increase of 36.28%.


BEAN's 24-hour increase reached 38.7%, hitting a new historical highOn December 4th, according to CoinGecko data, the memecoin project token BEAN (formerly AzukiDAO governance token) broke through $0.044, with a 24-hour increase of 38.7%, reaching a new all-time high.


BSSB 24-hour surge over 105%, currently reported at $1.8217

On December 5th, according to market data, BSSB rose to touch $1.9444 before falling back to a price of $1.8217, with a 24-hour increase of 105.27%.


BIGTIME 24-hour surge over 76%, currently trading at $0.8362 USD

On December 5th, according to OKX market data, BIGTIME surged to 0.9459 US dollars before falling back to a price of 0.8362 US dollars, with a 24-hour increase of 76.07%.


STX short-term breakthrough $1.20, up more than 38% in 24 hours

On December 5th, according to OKX market data, STX short-term broke through $1.20, with a quoted price of $1.1824 and a 24-hour increase of 38.42%.


MUBI 24-hour surge over 40%, currently reported at $0.05340 USD

On December 5th, according to market data, MUBI rose to touch 0.05466 US dollars before falling back to a price of 0.05340 US dollars, with a 24-hour increase of 41.01%.


Transaction Tracking


smartestmoney.eth deposited 10,633 ETH into Binance.

On December 4th, according to Lookonchain monitoring, smartestmoney.eth deposited 10,633 ETH worth approximately $23.82 million into Binance.


A whale deposited 730 BTC to Binance and still holds 1500 BTC

On December 4th, according to Lookonchain's monitoring, a whale deposited 730 BTC (worth $30.36 million) into Binance.


During the period from October 23, 2022 to June 7, 2023, the whale extracted 2229 BTC (worth $44.2 million) from Binance at a price of $19,816. It currently still holds 1500 BTC (worth $62.46 million) and has made a profit of approximately $48 million.


A certain whale sold 5,557 ETH at an average price of $2,195, realizing a profit of $1.97 million.

On December 4th, according to Yu Jin monitoring, a whale sold 5557 ETH on the chain and exchanged it for 12.2 million USDC at a selling price of $2195 while it was falling. The whale had bought 5554 ETH using 10.22 million USDC between July 3rd and August 18th, with an average cost of $1,841, and realized a profit of 1.97 million US dollars (+19%).


Project Updates


Radiant Capital has updated its plan to airdrop 2 million ARB tokens, and the qualification period will end before February 16, 2024.

On December 5th, Radiant Capital, a multi-chain lending protocol, released an update regarding its airdrop plan for 2 million ARB tokens. The eligibility period for the plan will end before February 16th, 2024.

























Earlier, the well-known magazine brand "Forbes" launched ForbesWeb3 on its X platform. According to reports, this is an experience and community center created for Web3 entrepreneurs, creators, and innovators around the world.


Paxful former CEO will serve as the CEO of P2P financial communication application Noones

On December 4th, according to The Block, Ray Youssef, former CEO of Bitcoin P2P marketplace Paxful, has been appointed as the CEO of P2P financial communication application Noones.


It is reported that Noones aims to connect countries in the southern hemisphere with the global financial system through peer-to-peer technology, and has accumulated over 400,000 users worldwide.


Taiko partners with Sigma Prime and QuillAudits for code security audit

On December 4th, according to official sources, Taiko, an Ethereum Layer2 network based on zkRollup, announced a code security audit partnership with Sigma Prime and QuillAudits.


Sigma Prime is responsible for auditing the Taiko Solidity codebase, including auditing the Based Contestable Rollup protocol and cross-chain bridges. QuillAudits is responsible for auditing the cross-chain bridges of the protocol.


CeFi Information


OKX Web3 wallet fully supports Nostr Assets protocol

On December 4th, according to official sources, OKX Web3 wallet now fully supports the Nostr Assets protocol. Users can search and access the Nostr Assets protocol through the Discover section of the OKX Web3 wallet, as well as deposit, withdraw, and trade protocol assets on the Nostr Assets Marketplace.


Web3 digital asset management platform L7 token LSD will be listed on Bitget

On December 4th, L7 Token LSD, a Web3 digital asset management platform, will be listed on Bitget exchange at 19:00 on December 5th. At the same time, Bitget will launch a CandyBomb airdrop activity based on LSD.


L7 is a Web3 digital asset management platform, dedicated to providing global investors with digital asset investment and allocation services. Based on rich industry resources and extensive connections, L7 offers diversified investment and solutions, including digital asset venture capital, start-up project incubation, financial management, and more.


Cryptocurrency trading platform Archax will launch Abrdn money market funds and Bitcoin trading pairs early next year.

On December 4th, asset management company abrdn partnered with cryptocurrency trading platform Archax to tokenize traditional finance (TradFi) assets and strive for a leading position in this emerging field. They plan to develop a regulatory environment for tokenizing and trading various assets. This move marks the integration of traditional finance and blockchain technology, which may completely change the way assets are handled and traded.


Viewpoint Data


ZachXBT: MEV engineer PokerBrat suspected of conducting $1.2 million fraudulent fundraising

On December 5th, on-chain detective ZachXBT posted that MEV engineer PokerBrat (@pokerbrat2019) had raised at least $1.2 million earlier this year from 11 clients for various MEV bots (independent of Rampage) and claimed that these bots would soon be put into use. However, after initially agreeing to return the funds due to numerous delays in deployment, PokerBrat made various excuses, including contracting COVID-19, health issues, exchange issues, extortion, and family problems.


ZachXBT states that PokerBrat pleaded guilty in 2002 to defrauding investors of $4 million (used for purchasing cars and gambling) and was sentenced to 3 years in prison for fraud in 2007 after stealing funds from over 10 victims in Colorado.


Data: In November, the spot trading volume of CEX reached 826.4 billion US dollars, a new high since March this year.

On December 4th, according to data from The Block, the spot trading volume of CEX in November reached 826.4 billion US dollars, reaching a new high since March this year, an increase of over 60% compared to October's 516.43 billion US dollars.


Additionally, Binance's spot trading market share has fallen to 37.52%. Previously in October, Binance's spot market share was 40.47%.


Data: Bitcoin on-chain transaction volume reached 16.42 million in November, setting a new historical high

On December 4th, according to data from The Block, the number of on-chain Bitcoin transactions in November reached a record high of 16.42 million transactions. The previous record was set in May of this year with 16.30 million transactions.


In the past hour, the entire network has experienced a liquidation of over 90 million US dollars, with the main explosion being long positions.

On the evening of December 4th, market data showed that Bitcoin broke through $42,000 before falling back. According to Coinglass data, the total liquidation in the past hour reached $91.44 million, with long positions liquidated at $77.06 million.


Data: In November, the open interest and trading volume of CME Bitcoin futures both hit a nearly two-year high

On December 4th, according to data from The Block, the open interest of Bitcoin futures on CME (Chicago Mercantile Exchange) in November was 4.02 billion US dollars, and the monthly trading volume was 73.02 billion US dollars, both of which set new highs since November 2021.


Franklin Templeton CEO says he holds Bitcoin, ETH, and UNI tokens

On December 4th, Jenny Johnson, CEO of Franklin Templeton, stated in an interview with Fortune magazine that she personally invested in cryptocurrencies, including Bitcoin, Ethereum, UNI, and SUSHI. However, these investments "make up a small proportion of her overall investment portfolio."










Lido DAO;

OpenAI CEO Sam Altman;








Regulatory News


博雅互动:12 月 22 日举行股东特别大会决议总额不超过 1 亿美元的潜在加密货币购买

Translation:

Boya Interactive: Shareholders' special meeting held on December 22 to decide on potential cryptocurrency purchase not exceeding $100 million

On December 4th, according to the official website of the Hong Kong Stock Exchange, Boya Company, a Hong Kong-listed company in the encryption industry, released a "potentially very significant acquisition matter - notice of the authorization to purchase potential cryptocurrencies and the extraordinary general meeting of shareholders". The announcement stated that Boya Company will hold a physical extraordinary general meeting of shareholders at 3:00 pm on December 22, 2023 (Friday) to approve and authorize the directors to conduct potential cryptocurrency purchases totaling no more than 100 million US dollars during the authorization period. It is expected to use 45 million US dollars to purchase Bitcoin, 45 million US dollars to purchase Ethereum, and use no more than 10 million US dollars to purchase stablecoins.


Brazil's largest bank Itau launches cryptocurrency trading service

On December 4th, according to Reuters, Brazil's largest bank, Itau Unibanco (stock code: ITUB4.SA), announced on Monday that it will launch cryptocurrency trading services for its clients on its investment platform, becoming the latest local participant to enter the digital asset trading market. According to Guto Antunes, Itau's digital asset manager, the service will initially support trading of Bitcoin and Ethereum, with plans to add more cryptocurrencies in the future.


BlackRock resubmits revised prospectus for its Bitcoin ETF

On December 5th, Bloomberg analyst James Seyffart stated that BlackRock has once again submitted a revised version of its Bitcoin ETF S-1 (prospectus) for spot trading.


The US SEC apparently issued similar or very similar instructions to multiple issuers, which may be the result of multiple conversations and a lot of work between the two parties.


Bitwise has made a second revision to its prospectus for the Bitcoin ETF.

On December 5th, Bloomberg ETF analyst James Seyffart wrote that Bitwise, a cryptocurrency asset management company, has made a second revision to its S-1 (prospectus) for its spot Bitcoin ETF.


The negotiations with the United States Securities and Exchange Commission (SEC) and potential issuers are still ongoing.


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