Selected News:

BlackRock, Fidelity, and other companies discussed details of the redemption model for spot Bitcoin ETFs with the US SEC.

Uniswap has been deployed to the Bitcoin sidechain Rootstock;

Binance has launched the 40th phase of new coin mining, using BNB and FDUSD to mine Fusionist (ACE).

Trader Joe has launched a DEX Merchant Moe specifically for Mantle, and JOE holders will receive an airdrop.

Within the past 24 hours, the entire network has experienced a liquidation of 517 million US dollars, with the majority of positions being long positions.

Price Observation

BNB short-term breakthrough $240

On December 11th, according to market data information, BNB briefly broke through $240 and is currently priced at $240.6, with a 1-hour increase of 1.78%.

Earlier, Binance announced the 40th phase of new coin mining, using BNB and FDUSD to mine Fusionist (ACE).

RIF breaks through $0.13 in a short time

On December 11th, according to market data information, RIF short-term breakthrough 0.13 US dollars, now quoted at 0.1309 US dollars, with a 1-hour increase of 7.32%.

Earlier news, Uniswap v3 has been deployed on the Bitcoin sidechain Rootstock.

Ethereum falls below $2200, with a 24-hour decline of 6.59%

On December 12th, according to OKX market information, Ethereum fell below $2200 and is currently priced at $2196.64, with a 24-hour decline of 6.59%.

Bitcoin fell below $41,000 this morning and rebounded, with a 24-hour decline of 5.77%.

On December 12th, according to OKX market data, Bitcoin fell below $41,000 in the early morning, dropping to $40,222 and currently trading at $41,183, with a 24-hour decline of 5.77%.

INJ short-term breakthrough $25, 24-hour increase of 20.02%

On December 12th, according to OKX market data, INJ briefly broke through $25 and is currently priced at $25.088, with a 24-hour increase of 20.02%.

TIA short-term breakthrough $11.5, hitting a new historical high

On December 12th, according to OKX market data, TIA rose and briefly exceeded $11.5, currently trading at $11.42, with a 24-hour increase of 14.9%, reaching a new historical high.

Transaction Tracking

3 new addresses withdraw 14,000 ETH from Binance after ETH's decline

On December 11th, according to Lookonchain monitoring, 3 new addresses withdrew a total of 14,000 ETH from Binance after today's ETH price drop, worth approximately $31.13 million.

Justin Sun transferred 1600 ETH to a multi-signature address again.

On December 11th, according to on-chain analyst @ai_9684xtpa, Justin Sun transferred 1600 ETH to a multi-signature address a few minutes ago.

Previously, after receiving the tokens at this address, the ETH was gradually deposited into multiple trading platforms such as Binance and Kraken through the intermediary address 0x8fC...990b8.

Over the past three days, Justin Sun has accumulated a total of 4800 ETH worth $11.13 million in deposits to CEX.

On December 12th, according to the official blog, the upcoming hard fork on BSC (BNB Smart Chain) has been named Kepler and introduces some important updates. In close collaboration with Ethereum's Shanghai upgrade, this update introduces specific enhancements for BSC. After the Kepler hard fork, changes will shift from being based on block height to being based on Unix time.

The BSC testnet will undergo a Kepler hard fork at 16:00 on December 19, 2023 Beijing time, and the BSC mainnet will undergo a Kepler hard fork at 16:00 on January 23, 2024 Beijing time.

Seamless announced that the SEAM token airdrop is now open for application and the liquidity mining plan has been launched.

On December 12th, Seamless Protocol, the first native lending protocol in the Base ecosystem, announced that its governance token SEAM airdrop is now officially open for application. The total supply of SEAM tokens is 100 million, of which 69% will be allocated to the community, and the rest will be used for ecosystem support and foundation (20%), core contributors (8%), and community contributors (3%). More than 5000 Seamless users are eligible for the SEAM airdrop.

Additionally, the Seamless Protocol liquidity mining program was launched at 4:01 AM on December 12, 2023 Beijing time.

BlockBeats previously reported that Coinbase will list the Seamless Protocol token SEAM, which is part of the Base lending protocol ecosystem.

International Football Federation turns to Polygon network to launch NFT, offering the opportunity to obtain tickets for the 2026 World Cup final

On December 12th, according to The Block, the International Federation of Association Football (FIFA) will launch a certain number of digital collectibles later this week, giving holders the opportunity to watch the final of the 2026 World Cup.

Statement: "In the initial release, 100 digital collectibles will be offered. These will be the rarest collectibles, offering the chance to obtain tickets to the 2026 FIFA World Cup final." "Additionally, 900 other digital collectibles will be released on the Polygon network and made available on the OpenSea platform."

FIFA's NFT was originally minted on Algorand, but now plans to move to Polygon in the upcoming second phase. The statement indicates that future FIFA digital collectibles releases will also use Polygon.

Cosmos Hub community initiates proposal for "Deploy Permissioned Smart Contracts"

On December 12th, according to the official governance forum, the Cosmos Hub community initiated a proposal for "deploying permissioned smart contracts" aimed at using the smart contract platform CosmWasm for governance, including governance smart contracts, token-based governance, timed voting cycles, upgradable contracts, governance tokens, etc.

Chainlink Staking v0.2 has been opened to the public

On December 12th, Chainlink announced that Chainlink Staking v0.2 is now open to the public. As the community pool was already filled during the early access period, anyone can stake LINK once existing stakers withdraw and pool space becomes available.

CeFi Information

Binance has launched the 40th new coin mining, using BNB and FDUSD to mine Fusionist (ACE)

On December 11th, according to an official announcement, Binance launched the 40th new coin mining using BNB and FDUSD to mine Fusionist (ACE). Users can deposit BNB and FDUSD into the ACE mining pool on the Launchpad website after 08:00 on December 13th, 2023 (GMT+8) to receive ACE rewards. The ACE mining period lasts for 5 days. The website is expected to be updated approximately five hours after this announcement before the mining activity opens.

Binance is scheduled to list Fusionist (ACE) on December 18, 2023 at 14:00 (GMT+8), and open ACE/BTC, ACE/USDT, ACE/BNB, ACE/FDUSD, and ACE/TRY trading markets, applying seed tag trading rules.

Japanese financial group SBI is discussing digital asset investment cooperation with Saudi Aramco and establishing "SBI Middle East".

On December 11th, Japanese financial group SBI and energy company Saudi Aramco announced that they will explore potential cooperation in the digital asset and semiconductor fields. SBI also stated that they plan to establish "SBI Middle East" in Riyadh as a base for their Middle East business. SBI and Saudi Aramco will consider jointly investing in each other's digital asset portfolios.

In addition, SBI will also seek Japanese digital asset startups that hope to expand their business in Saudi Arabia, and they will provide support together.

BlockBeats previously reported that on November 9th, SC Ventures under Standard Chartered Bank collaborated with SBI to launch a $100 million cryptocurrency fund, intending to invest in DeFi, payment, and other fields.

Binance co-founder He Yi will hold a Chinese AMA with the new CEO on X platform at 8pm on the 12th.

On December 11th, according to official sources, Binance co-founder He Yi will hold a Chinese AMA on X platform with Binance's new CEO Richard Teng on the evening of the 12th, answering questions from Chinese media and community users.

Venture capital firm Tribe Capital CEO resigns and becomes the company's chairman and chief investment officer.

On December 11th, according to Bloomberg, Arjun Sethi, the CEO of venture capital firm Tribe Capital, has stepped down and will be succeeded by Boris Revsin. Sethi will instead serve as the Chairman and Chief Investment Officer of Tribe Capital. Sethi stated that this change was made in order to focus on investments and products.

Tribe Capital is a venture capital firm founded in 2018, managing over $1.6 billion in assets and investing in cryptocurrency companies such as MoonPay and Kraken. Tribe Capital is also one of the three bidders for FTX.

Blockbank, a cryptocurrency banking platform, will conduct a token swap on the 18th.

On December 11th, according to official sources, the encrypted banking platform Blockbank's token BBANK will undergo a token swap on December 18th. The original token BBANK will be swapped for the new token FI at a ratio of 1:10, and the total token supply will be updated to 4 billion. FI will be deployed on the Ethereum and BNB chains.

BlockBeats previously reported that on June 15th, the encrypted banking platform blockbank officially announced that it has received long-term funding support in the seven-figure range from the digital asset market maker and Web3 investment firm DWF Labs. The specific amount has not been disclosed.

On December 11th, according to official news from Molecule, Sora Ventures has invested $1 million in Molecule. The strategic investment aims to reshape the scientific research landscape in Asia, with the goal of surpassing physical boundaries, promoting a culture of objective science and intellectual property sharing, and fully leveraging the advantages of decentralized science (DeSci).

Australia's central bank governor: Tokenized assets are the next logical step for central bank digital currencies

On December 12th, the Governor of the Reserve Bank of Australia, Mr. Lowe, expressed uncertainty regarding the use cases for retail central bank digital currencies. Tokenized assets are the next logical step for central bank digital currencies.

Hashdex has submitted a prospectus for a spot Bitcoin ETF to the US SEC.

FTX claims that the US Internal Revenue Service's demand for payment of $24 billion in unpaid taxes is delaying the recovery of user funds

On December 12th, according to The Block, FTX's lawyer stated in new documents submitted to the Delaware bankruptcy court that the US Internal Revenue Service (IRS) should verify its claim against FTX and explain how it calculated the so-called overdue taxes. This is the latest step in a months-long dispute between the IRS and FTX's bankruptcy assets, with the focus of the controversy being how much the bankrupt trading platform and its affiliated companies owe the government in unpaid taxes.

BlackRock, Fidelity, and others discuss details of spot Bitcoin ETF redemption model with the US SEC

On December 12th, according to The Block, the US Securities and Exchange Commission (SEC) has been discussing the technical details of a possible exchange-traded fund (ETF) for spot Bitcoin trading with well-known investment firms including BlackRock and Fidelity, which may indicate that the agency is about to make a decision on whether to approve such a product.

The memo shows that these companies have met with the agency in the past few weeks to discuss detailed information on the redemption process of spot Bitcoin ETFs. Vivian Fang, a finance professor at Indiana University, said that the SEC appears to be in a review period and is finalizing the details of what may be approved.

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