Rhythm Morning Post | The total market value of SATS has surpassed ORDI; KuCoin paid a settlement of US$22 million and exited the New York market
Selected News:
1. SATS' total market value has surpassed ORDI, currently reported at $1.137 billion.
2. KuCoin pays $22 million in settlement and exits the New York market to resolve its cryptocurrency lawsuit.
3. Binance's new CEO: The platform currently has 167 million users, and compliance will continue to be a major focus for future development.
4. Bitcoin briefly fell below $41,000.
5. Bloomberg Analyst: Four Bitcoin Spot ETF Issuers Have Met with SEC in Recent Days.
Price Observation
Bitcoin briefly breaks through $42,000
On December 12th, according to OKX market data, Bitcoin briefly broke through $42,000 and is now trading at $41,875.92, with a 24-hour decrease of 0.55%.
TIA short-term breakthrough $13, creating a new historical high
On December 13th, according to OKX market data, TIA broke through $13 in a short period of time, reaching a new historical high. It is currently priced at $12.14, with a 24-hour increase of 20.47%.
Bitcoin falls below $41,000 in the short term
On December 13th, according to OKX market information, Bitcoin briefly fell below $41,000 and is currently trading at $41,036, with a 24-hour decline of 1.62%.
ATOM broke through $13 and then fell back, with a 24-hour increase of 12.34%.
On December 13th, according to OKX market information, ATOM fell back after breaking through $13 and is now priced at $11.252, with a 24-hour increase of 12.34%.
Transaction Tracking
SATS total market value has surpassed ORDI, currently reported at 1.137 billion US dollars
On December 12th, according to market data, the total market value of SATS has surpassed ORDI (total market value of 1.135 billion US dollars), currently reported at 1.137 billion US dollars, ranking 62nd on the cryptocurrency market value list.
As of the time of writing, SATS is currently trading at 0.00000053 USD, with a 24-hour increase of 140.49%.
DWF Labs receives 5 million ID tokens from Binance, worth approximately 1.36 million US dollars.
On December 12th, according to Lookonchain monitoring, DWF Labs received 5 million ID coins (approximately 1.36 million USD) from Binance. Another wallet related to DWF Labs also received 5 million ID coins (1.36 million USD) from Binance 10 hours ago.
Coinbase co-founder Fred Ehrsam sells 13 million US dollars worth of company stocks
On December 13th, Insider Tracker data showed that Fred Ehrsam, co-founder of Coinbase, sold 97,836 shares of COIN stock worth over $13 million on December 11th. In addition, other insiders at Coinbase have sold a large amount of COIN stock in the past three weeks. (Cointlegraph)
OSMO breaks $1.07, with a 24-hour increase of 22.46%
On December 13th, according to market data, the Cosmos ecosystem DEX Osmosis token OSMO broke through $1.07 and is now priced at $1.0784, with a 24-hour increase of 22.46%.
MUBI breaks $0.11, hitting a new all-time high
On December 13th, according to market information, MUBI broke through 0.11 US dollars and is now priced at 0.1106 US dollars, with a 24-hour increase of 55.83%, reaching a new historical high.
According to the official website, the MultiBit protocol aims to provide a bilateral bridge for cross-network transfer between BRC20 and ERC20 tokens.
A certain whale transferred 1490 MKR back to Binance 9 hours ago.
On December 13th, according to data from Yu Jin, a whale investor holding a large amount of MKR (MakerDAO) tokens withdrew a total of 4,775 MKR tokens worth approximately $6.32 million between July 25th and November 22nd at an average price of $1,324 per token. 9 hours ago, the investor transferred 1,490 MKR tokens (worth approximately $2.02 million) back to Binance.
Recharge and withdrawal: now available;
Trading opens on December 14th, 2023 at 16:00 (Hong Kong time).
Trading pair: DYDX/USD;
Cryptocurrency trading platform WOO X partners with market maker Wintermute to improve liquidity
On December 12th, according to Cointelegraph, the cryptocurrency trading platform Woo X has partnered with Wintermute, a cryptocurrency market maker and liquidity provider with a cumulative trading volume of over 36 trillion US dollars. Wintermute will act as the designated liquidity provider for the cryptocurrency exchange. Headquartered in London and Singapore, Wintermute is one of several market makers partnering with the cryptocurrency platform. Other liquidity providers, such as Selini Capital and Black Code Group, also support WOO X.
Coinbase will add BONK to its asset listing roadmap.
On December 13th, according to official sources, Coinbase will add BONK to its asset listing roadmap.
Financing Express
Japanese stablecoin technology provider GUGroup completes $2.9 million financingOn December 13th, according to Ledger Insights, Japanese stablecoin technology provider GUGroup completed a financing of 420 million yen (approximately 2.9 million US dollars), with Japanese investment firm B Dash Ventures participating. GUGroup also raised some funds by selling tokens to overseas investors. GUGroup's subsidiary, GUCoin Studio, which provides stablecoin issuance solutions, has launched stablecoin pilots with four banks, Fukuoka Financial Group's digital bank Minna no Bank, and Tokyo Kiraboshi Financial Group. GUGroup is also the initiator of the Ethereum-compatible chain Japan Open Chain, and currently, companies such as Sony subsidiary Corgear, NTT Docomo, and Dentsu have joined the blockchain as validator nodes.
MATR1X completes A2+ round of financing, with full participation from OKX Ventures
On December 12th, Web3 entertainment platform MATR1X announced the completion of a new round of financing (A2+ round), with the specific amount undisclosed. The only investor in this round of financing is OKX Ventures.
MATR1X is a Web3 entertainment platform that combines gaming, esports events, IP, and NFT. The first game on the MATR1X platform, MATR1X FIRE, is also the first shooting mobile game in the metaverse. It already has over 200,000 shooting game users, and the platform-level NFT, MATR1X KUKU, is currently being released.
Viewpoint Data
On December 12th, Binance co-founder He Yi stated during a Binance Chinese community AMA that he has always been biased towards holding cryptocurrency since entering the industry. His investment portfolio has remained unchanged since entering the cryptocurrency industry, with a full position in BNB. He personally adheres to the logic of "one cycle every four years" in terms of asset management, believing that the rhythm of the cryptocurrency cycle has not changed, and therefore still believes that the peak of this round will appear in the next two years.
On December 12th, the unadjusted November CPI in the United States recorded a year-on-year rate of 3.1%, which is a new low since June this year, in line with market expectations. (Jin10)
The market expects the Fed to start cutting interest rates in March 2024.
On December 12th, futures contracts tied to the Federal Reserve's policy interest rates are expected to see a rate cut starting in March 2024. (Jinshi)
US President Biden: CPI data shows "continued progress" in resisting inflation
On December 12th, US President Biden stated that CPI data showed "sustained progress" in combating inflation. (Jin10)
Standard & Poor's stablecoin assessment report: USDC receives a "strong" rating, DAI and USDT receive a "restricted" ratingOn December 13th, Standard & Poor's Global Ratings announced its evaluation of the stability of eight stablecoins, including Dai (Dai), First Digital USD (FDUSD), Tether (USDT), Frax (Frax), TrueUSD (TUSD), USD Coin (USDC), USDP, and GUSD. Analysts focused primarily on the "quality of assets supporting stablecoins." Overall quality was measured by custody risk, credit, and market value. The evaluation results showed that USDC, USDP, and GUSD received a "strong" rating. USDT, DAI, and FDUSD received a "constrained" rating. Analysts noted that no stablecoin received the highest rating of "very strong" in this first evaluation.
美 ETF expert: Bitcoin spot ETF may be approved at any time after January 2nd
On December 13th, Nate Geraci, an ETF expert in the United States, stated on his social media platform that he had communicated with Steven McClurg, co-founder of Valkyrie Funds, who indicated that they had had a very detailed conversation with the SEC regarding the structural issues of a Bitcoin spot ETF and were "very close" to reaching a consensus. It is expected that the Bitcoin spot ETF will create new fund shares in cash. In addition, Nate Geraci stated that the preparation work for the ETF product launch and backend infrastructure are both in place, and the SEC may approve the Bitcoin spot ETF at any time after January 2nd.
Regulatory News
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