Rhythm Evening News | The top 30 holders of ORDI account for 79.94% of the total supply; Ronin (RON) rose 28.4% in 24 hours
Selected News:
1. Bitcoin fell below $43,000 in a short period of time, with a 24-hour decline of 2.03%.
2. Data: The top 30 holders of ORDI collectively hold 16.78 million ORDI, accounting for 79.94% of the total supply.
3. The developer who named the inscription "Bug" has once again stated that Ordinals is a scam;
4. Ronin(RON) briefly touched $1.9, with a 24-hour increase of 28.4%.
5. x.TAI announces support for the development of the inscription ecology and will release the second-layer inscription chain xTAI Network.
Price Observation
Bitcoin falls below $43,000 in the short term, with a 24-hour decline of 2.03%
On December 7th, according to OKX market information, Bitcoin briefly fell below $43,000 and is now trading at $42,836, with a 24-hour decline of 2.03%.
Bithumb 上 EDU 现报价 2.6 美元，较主流 CEX 溢价超 250%
Translation:EDU is currently priced at $2.6 on Bithumb, with a premium of over 250% compared to mainstream CEX
On December 7th, according to CoinGecko market data, EDU on Bithumb is currently priced at $2.6, which is a premium of over 250% compared to the mainstream CEX price range of $0.71 to $0.74.
BONK 24-hour surge over 11%, hitting a new all-time high
On December 7th, according to CoinGecko market information, the Solana ecosystem's Meme token BONK has risen by 11.1% in the past 24 hours, with a current price of 0.00000893 USD, setting a new historical high.The futures price of JTO on Aevo is currently reported at $0.884
On December 7th, according to data from the options trading platform Aevo, the JTO futures price is currently reported at $0.884, with a 24-hour increase of 28.87% and a 24-hour trading volume of $131,276. The current open interest is $139,233.BlockBeats previously reported that Jito Labs, the MEV infrastructure developer in the Solana ecosystem, announced that the JTO airdrop application window will open at 12:00 AM on December 8th Beijing time. Any eligible airdrop recipient can receive JTO tokens within 18 months.
Ronin(RON) briefly touched $1.9, with a 24-hour increase of 28.4%
On December 7th, according to OKX market data, Ronin (RON) briefly touched $1.9 and is currently priced at $1.826, with a 24-hour increase of 28.4%.
Or affected by the Upbit launch, AXL rose more than 35% in the short term.
On December 7th, according to Bitget market data, AXL's price has increased by over 35% in the past hour, reaching over 0.8 USD, possibly influenced by its listing on Upbit. It is currently trading at 0.86 USD.
Bitget Daily Market News: BTT 24-hour increase of 77.55%On December 7th, according to Bitget market data, the leading sectors were storage, Web3, and fan coins. BTT had a 24-hour increase of 77.55%, while CHZ had a 24-hour increase of 3.87%.
As of the time of writing, the global cryptocurrency trading volume in the past 24 hours was $75.4 billion, with BTC accounting for 53.83%. The top three coins on the real-time gain list are INSP, GSWIFT, and BTT.
Transaction Tracking
Four whale addresses deposit 8.13 million RNDR into Coinbase
On December 7th, according to Spot On Chain monitoring, four whale addresses deposited 8.13 million RNDR (approximately $30.9 million) into Coinbase at an average price of $3.8. Among them, whale addresses starting with 0x603 and 0xa63 (possibly the same person) deposited 4.61 million RNDR (approximately $17.5 million) into Coinbase, with an expected profit of $7.68 million. Whale addresses starting with 0x68d and 0x9bc (possibly Multicoin Capital) deposited 3.52 million RDNR (approximately $13.4 million) into Coinbase. Shortly thereafter, five new whale addresses withdrew 5.29 million RNDR (approximately $20.2 million) from Coinbase at an average price of $3.81.
CryptoQuant: A suspected early miner sold over 1000 BTC, with an estimated total cost of about $100
On December 7th, according to CoinDesk, CryptoQuant, a cryptocurrency data company, revealed that over 1000 bitcoins from an early miner were sent to over-the-counter (OTC) trading or custody services on December 4th. CryptoQuant speculates that the early miner has sold these over 1000 bitcoins. These tokens were transferred once 13 years ago, between August and November 2010, and were obtained through block rewards from mining, with an estimated total cost of about $100.On December 7th, according to @ai_9684xtpa, a whale who was long on the ETH/BTC exchange rate borrowed 684 ETH (worth $1.55 million) through a flash loan on Aave one hour ago, exchanged it for 35 WBTC, and repaid the loan. Currently, the health of the whale is still at 1.01, indicating significant liquidation risk. Prior to this, the whale provided 40,983 ETH and 1.27 million USDC as collateral and borrowed 1,826 WBTC.
According to official information from ZKFair, the total amount of ZKF tokens is 10 billion, of which 2 billion will be fairly airdropped to L2 community users, and the remaining 8 billion will be produced through Gas Fee airdrops after the mainnet is launched, with a Gas Fee cap of 3 million USDC and on a first-come, first-served basis. There will be no additional issuance of any ZKF tokens in the future. All 10 billion ZKF tokens will be released and circulated immediately. The ZKFair mainnet is expected to launch around December 20th.
Chain data analysis platform Parsec launches block browser
On December 7th, Parsec, a blockchain data analysis platform, launched its block explorer parsec.fi. The browser currently supports 9 EVM chains including Ethereum, and will add more non-EVM chains in the future. On October 12th, Parsec, a cryptocurrency blockchain data analysis platform, completed a new round of $4 million financing, led by Galaxy Digital, with participation from Uniswap Labs Ventures, Robot Ventures, CMT Digital, BODL Ventures, and others.Google releases new multimodal AI model "Gemini"On December 7th, Google announced the release of its latest and most powerful AI model, "Gemini". Developed by Google's DeepMind team, this model marks a new era for Google in the field of AI. Gemini is designed to be multimodal, capable of understanding and processing different types of information such as text, code, audio, images, and videos. The Gemini model is divided into three different sizes: Ultra, Pro, and Nano. The Ultra version is aimed at complex tasks, the Pro version is suitable for a wide range of tasks, and the Nano version is optimized for tasks on mobile devices.
Gemini has achieved industry-leading performance in multiple fields, such as natural image, audio and video understanding, and mathematical reasoning. It has surpassed existing state-of-the-art achievements. Gemini has begun to promote its application in multiple Google products and platforms, such as Google Bard, which will use an improved version of Gemini Pro, and Pixel 8 Pro, which will be the first smartphone to adopt Gemini Nano. In addition, starting from December 13th, developers and enterprise customers will be able to access the Gemini Pro API through Google AI Studio or Google Cloud Vertex AI to develop and deploy Gemini-based applications.
Fordefi has reached a strategic cooperation with Conflux Network and DWF Labs.
On December 7th, MPC wallet platform Fordefi announced a strategic integration with Conflux Network and Web3 investment company DWF Labs. This collaboration will enable institutions to securely manage their assets on Conflux Network using Fordefi's multi-party computation (MPC) wallet platform, with DWF Labs being one of the first clients to utilize this integration.Sotheby's announces its first Bitcoin Ordinals art auction
On December 7th, according to Blockworks, Sotheby's digital art department announced that it will auction works from the BitcoinShrooms project designed by anonymous artist Shroomtoshi. The auction will take place from December 6th to 13th local time, and currently there are three works available for bidding. The series includes two mushroom individuals and a pixelated avocado seed named BIP39 - the common standard for creating seed phrases. These three works are expected to sell for approximately $20,000 to $30,000, but the auction house also accepts cryptocurrency bids.
Soho Digital Art Director Michael Bouhanna announced that this art auction will mark the first time that Sotheby's has sold Ordinals artwork.
JTO airdrop application window will open at 0:00 on December 8th
On December 7th, Jito Labs, the MEV infrastructure developer in the Solana ecosystem, announced that the JTO airdrop application window will open at 0:00 on December 8th Beijing time. Any eligible airdrop recipient can receive JTO tokens within 18 months. The total supply of JTO is 1 billion, of which 100 million JTO (10%) will be retrospectively airdropped to the community.
Of the total airdrop allocation of 10% (100 million tokens), 15% (15 million tokens) will be distributed to Jito-Solana validators, 5% (5 million tokens) will be allocated to Jito MEV searchers, and 80% (80 million tokens) will be distributed to JitoSOL users who hold at least 100 points before November 25, 2023. Currently, users can verify their Solana wallet address eligibility, and once the airdrop is live, they can initiate the JTO token claiming process on the official website.
On December 7th, according to official sources, Coinbase will add support for Jito (JTO) on the Solana network. If liquidity conditions are met, trading will begin at 11:00 AM Eastern Time on December 7th, 2023 or later. Once the asset supply is sufficient, trading on the JTO-USD trading pair will be phased in.
CeFi Information
On December 7th, Bitget released its latest reserve data. The comprehensive reserve ratio is 171%, with BTC, ETH, USDT, and USDC reserve ratios of 381%, 151%, 102%, and 586%, respectively.
According to the data from Coinmarketcap on December 7th, Bitget's accumulated reserve amount has exceeded 1.7 billion US dollars. Since the launch of the reserve proof page on Bitget in December 2022, the reserve data has been updated monthly. Users can also verify their platform assets on GitHub through the open source tool "Merklevalidator".
Binance Web 3 wallet integrates Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Sei networks
On December 7th, according to an official announcement, Binance Web 3 Wallet has integrated Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Sei networks. Users can use Binance Web 3 Wallet to transfer the aforementioned network tokens.
On December 6th, according to official sources, the 2023 Taipei Blockchain Week Coin Hee Festival (Night Market) will be held on December 14th at 7pm. As a TBW after-party, the event will be hosted by the cryptocurrency trading platform BTSE and co-organized by the Web3 social protocol friendzone. Participants will have the opportunity to interact with top influencers and pioneers from Taiwan's vibrant blockchain community, as well as international industry leaders. Event location: 2nd floor, No. 198, Section 3, Civic Boulevard (Da'an District, Taipei City, Taiwan 106). Registration link: https://lu.ma/z9u32twk
Zodia Custody launches new product to connect institutional accounts
On December 7th, according to The Block, Zodia Custody, a subsidiary of Standard Chartered Bank and a cryptocurrency custody institution, announced the launch of a new "network between networks" to connect cryptocurrency accounts of different institutions. The product, called "Interchange Connect," provides institutional investors with an easy way to transfer cryptocurrency assets between different accounts held at Metaco, Fireblocks, and Copper's ClearLoop, while settling transactions off-exchange. The product will be available to customers in the first quarter of 2024, and Zodia plans to gradually introduce more networks in the future.Upbit will list AXL, currently only supporting BTC market trading pairs
On December 7th, according to official sources, Upbit will list AXL and currently only supports BTC market trading pairs. Trading will begin at 18:00 local time.
OKX Jumpstart launches new project Fusionist (ACE)
On December 7th, according to an official announcement, OKX Jumpstart launched a new project called Fusionist (ACE).
BTC/USDT、ETH/USDT、XMR/USDT、LTC/USDT、AAVE/USDT、DASH/USDT、COMP/USDT、XCH/USDT、ETC/USDT、ZB/USDT、USDT/QC。
On December 7th, according to TechCrunch, Web3 streaming protocol Sona has completed a $6.9 million seed round of financing, with Polychain Capital, Haun Ventures, and Rogue Capital participating. Sona uses modules built on DeFi to provide artists with token-based streaming content, music auctions, governance rewards, and distributes a portion of the revenue from music auctions to artists and platforms based on a certain ratio.
On December 7th, according to The Block, Versatus Labs (formerly known as VRRB Labs), an Ethereum scaling startup, announced that it had completed a $2.3 million seed round of financing with a valuation of $50 million. NGC Ventures, Republic Crypto, and Hyperithm participated in the investment. Prior to this, the company had completed a $1.4 million seed round of financing in February of this year, and has now received a total of $3.7 million in financing. Versatus is currently building a "stateless Rollup" called LASR. LASR is currently in the Alpha stage and is expected to launch on the Ethereum testnet in the first week of January next year, with plans to go live on the mainnet in mid-March.
Viewpoint Data
The developer who called Mingwen "Bug" speaks out again: Ordinals is a scam
On December 7th, Bitcoin Core developer Luke Dashjr posted on social media that Ordinals are just a scam.
On December 7th, according to Lookonchain's monitoring, the top 30 ORDI holders collectively held 16.78 million ORDI (approximately 950 million US dollars), accounting for 79.94% of the total supply. Note from BlockBeats: If the holding address is not marked, it cannot be distinguished whether it is owned by a trading platform, institution, or individual.
On December 7th, Web3 development platform thirdweb announced on social media that it has made significant progress in mitigating vulnerabilities in the past 48 hours. Its tools have helped mitigate vulnerability risks for over 8,000 smart contracts on 43 chains. According to their knowledge, two smart contracts were affected by the vulnerability due to not being mitigated in time. The team has not disclosed further details about the vulnerability to allow smart contract owners time to take appropriate action.
BlockBeats previously reported that on December 5th, the Web3 development platform thirdweb stated on its social media platform that "due to security vulnerabilities in commonly used open source libraries in the Web3 industry", some of thirdweb's pre-built smart contracts may be affected by the aforementioned vulnerabilities. It is recommended that users who have deployed pre-built smart contracts using thirdWeb's dashboard or SDK before 6:00 PM Pacific Standard Time on November 20, 2023, check for potential threats on the relevant pages or revoke approval for all thirdweb contracts through revoke.cash.
On December 7th, according to Deribit data, nominal value of $1.398 billion BTC options will expire and settle tomorrow, with a Put Call Ratio of 0.79 and a maximum pain point of $40,000. Nominal value of $458 million ETH options will also expire and settle tomorrow, with a Put Call Ratio of 0.53 and a maximum pain point of $2,100.
Grayscale CEO: Optimistic about communication with US SEC on Bitcoin spot ETF
On December 7th, according to The Block, Grayscale CEO Michael Sonnenshein stated that he is optimistic about the company's discussions with the US SEC regarding the possibility of launching a Bitcoin spot ETF. In an interview, he said, "We are optimistic. We have been actively engaging with the SEC and the feedback we have received indicates that the SEC wants to be involved in solving this issue and is eager to make progress on it." Sonnenshein also added that a timeline for approval has not yet been announced.
On December 7th, according to Decrypt, since Bitcoin hit a three-month low of $25,152 on September 11th, its price has surged 75% to its current level of $43,924. This momentum has caused short-term traders of cryptocurrency stocks to lose more than $2.6 billion in less than three months. The latest report from financial data company S3 Partners shows that cryptocurrency stocks represented by Coinbase and MicroStrategy have followed Bitcoin's lead in rising, catching short sellers off guard. With the strong rebound in Bitcoin prices, Coinbase's stock price has risen 51% in the past month to $143.63, while MicroStrategy, which holds about $6.6 billion in Bitcoin, has risen 82% since October to $568.88. These huge fluctuations in stock prices have caused short sellers of cryptocurrency stocks to lose $2.656 billion in the past three months, with over 50% of the losses coming from shorting Coinbase stock and another 25% from shorting MicroStrategy stock.
Regulatory News
On December 7th, according to Tech in Asia, Chua U-Zyn, co-founder and CTO of Cake Group, the parent company of Singaporean cryptocurrency investment platform Bake, has applied for liquidation of the company in the Singapore High Court. BlockBeats previously reported that on November 14th, Cake Group, the parent company of cryptocurrency investment platform Bake, announced a 30% staff reduction.
FTX revised restructuring plan will be submitted to bankruptcy court in mid-December
On December 7th, the FTX Unsecured Creditors Official Committee disclosed a letter to the FTX 2.0 Customer Special Committee on December 4th. The Official Committee believes that the substantive terms of the proposed restructuring plan have achieved an appropriate balance between the competing interests of stakeholders and the position that is beneficial to all unsecured creditors. The revised restructuring plan and disclosure statement will be submitted to the bankruptcy court in mid-December to provide more detailed information. The Official Committee will continue to evaluate reasonable alternative proposals that may improve the proposed plan terms. The process of potential acquisitions, capital restructuring, or other transactions is ongoing. At the appropriate time, any such transactions will be submitted to the court for approval in a motion to sell, which will provide a description of the proposed transaction.
The letter also stated that although the official committee is currently bound by confidentiality obligations and cannot disclose details, many of the concepts mentioned in the letter, including those related to debt recovery equity tokens, are concepts that the official committee and potential trading parties have already considered. The official committee welcomes the opportunity to continue to engage with the FTX 2.0 customer special committee in the coming months to work together to complete these bankruptcy cases.
On December 7th, the creator of the meme coin PSYOP, Ben.eth, and several associated Twitter accounts were all frozen. It is reported that blockchain detective ZachXBT had previously posted on social media on November 28th, suggesting that ben.eth appeared to be allowing a wallet drainer to be affiliated with its verified account.
US District Judge accepts guilty plea from former Binance CEO CZ
On December 7th, according to The Block, court documents from the Western District Court of Seattle show that Judge Richard Jones has accepted the guilty plea of former Binance CEO CZ. CZ pleaded guilty to charges of money laundering and violating sanctions, and the case concluded after years of investigation by federal regulatory agencies. Binance has agreed to pay $4.3 billion, making it one of the largest corporate settlements in history. CZ has agreed to pay a $50 million fine and resign from his position as CEO.
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