Selected News:

1. The Guangdong High People's Court has issued a ruling: using virtual currency to engage in disguised foreign exchange trading constitutes the crime of illegal business operations;

2. Fusionist (ACE) opened above $10.

3. Celestia Inscription Project CIAS: Inscription will resume at 2:00 tomorrow morning.

4. ACE pledge mining data: Binance's total pledge scale is 4.55 billion US dollars, and OKX's total scale is 220 million US dollars;

5. MOBILE market value exceeds 500 million US dollars.

Price Observation

Fusionist (ACE) opened above $10

According to market information, Fusionist (ACE) opened above $10 and is currently trading at $10.56.

MOBILE breaks through $0.0067, hitting a new all-time high

According to market data, MOBILE is currently priced at $0.006737, with a 24-hour increase of 93.5%, reaching a new all-time high.

Avalanche Network Meme Coin COQ has increased by 26.7% in the past 24 hours.

According to CoinGecko data, the Meme coin COQ on the Avalanche network has risen by 26.7% in the past 24 hours and is now priced at 0.00000178 USD.

Affected by the announcement of "Upbit will list ASTR KRW trading pair", ASTR surged more than 120% in a short period of time.

According to market data, influenced by the announcement that "Upbit will list ASTR/KRW trading pair", ASTR has increased by over 120% in the past 15 minutes and is currently priced at $0.1675.

Fusionist (ACE) price breaks through $15

According to market information, Fusionist (ACE) price has broken through $15.

Avalanche Network Meme Coin COQ's 24-hour increase has expanded to 45.1%.

According to CoinGecko data, the Meme coin COQ on the Avalanche network has expanded its growth rate to 45.1% in the past 24 hours and is now priced at 0.00000196 USD.

Transaction Tracking

A certain whale mortgaged 60,000 ETH and borrowed 58 million US dollars to deposit into Binance

According to Lookonchain's monitoring, a whale withdrew 60,000 ETH (worth $131.76 million) from Bitfinex and deposited it into Maker. Four hours ago, the whale borrowed 58 million DAI. After exchanging the 58 million DAI for 58 million USDC, the whale deposited the 58 million USDC into Binance.

A certain whale withdrew 500 bitcoins worth about $20.68 million from Binance 3 hours ago.

According to Yu Jin's monitoring, a whale withdrew 500 bitcoins worth approximately $20.68 million from Binance 3 hours ago.

In addition, the whale previously withdrew BTC from Binance at an average price of $27,670 from May to October, and then transferred 635.9 BTC to Binance at an average price of $40,085 from November 6th to December 12th, realizing a profit of $7.9 million.

A certain whale mortgaged 4360 ETH for 2 hours, borrowed $4.72 million and deposited it into Binance

According to on-chain analyst @ai_9684xtpa, 2 hours ago, an ETH whale transferred 4360 ETH (worth $9.57 million) from Binance to Spark Protocol, and then borrowed 4.72 million DAI to exchange for USDT and deposit back into Binance.

Over the past two months, the address has deposited a total of 6260 ETH to Spark and lent out 6.83 million DAI, with a current health score of 1.64.

According to the roadmap released by Allins, Allins plans to launch Allins Swap this month, which supports the trading of BNB Chain assets, including Allins tokens and BNB, among others. In addition, Allins also plans to release the Inscription Trading Standard in January next year to enhance the security of asset trading. Allins VM will be launched in February to achieve Inscription trading on the EVM chain and introduce the unified trading Allins protocol.

Allins aims to achieve security, ease of use, and boundless transaction experience by encapsulating the inscription into a virtual machine (VM).

Public chain project Artela announced that it will launch a public testnet in January 2024.

Artela officially announced that it will launch a public testnet on January 8, 2024. The first phase of the testnet will support Aspect programming and the public testing of Artela EVM, and will also launch a validator incentive program.

Artela stated that it will launch a series of developer activities around the testnet in the future. The first phase of the Artela testnet will publicly test the two core technologies of Aspect programming and Artela EVM, and provide tools and documentation needed for building testnet dApps. Artela will also release multiple end-to-end use cases to guide developers in building innovative applications based on Aspect.

Internet Computer has launched a European subnet, providing GDPR-compliant infrastructure.

DFINITY Foundation announced the launch of a European subnet on the Internet Computer (ICP) to provide infrastructure for decentralized applications (dApps) that comply with the General Data Protection Regulation (GDPR). This new infrastructure will enable developers to launch dApps that protect personal and financial data in the European market, in compliance with strict and established regulatory practices.

In addition, there are two upcoming features on Internet Computer that will allow developers to further enhance the privacy and security of user data under GDPR and European subnets specifications: VetKeys will enable distributed decryption, and AMD SEV-SNP aims to protect boundary node virtual machines (VMs).

CeFi Information

GMX now supports OKX Web3 wallet

According to the official website, GMX has now integrated with the OKX Web3 wallet. Users can trade spot or perpetual contracts on GMX through the OKX Web3 wallet plugin. GMX is a decentralized spot and perpetual contract trading platform created on the Arbitrum and Avalanche networks, aiming to provide trading services with zero slippage and lower fees.

LBank, MEXC will launch Capverse governance token CAP on December 18th

The governance token CAP of Hong Kong WEB3 game Capverse will be launched on LBank and MEXC Innovation Zone on December 18th, and the CAP/USDT spot trading pair will be opened at 3:00 PM (GMT+8) on the same day.

OKX Web3 wallet launches the 4th phase of the prize experience zone

According to official sources, OKX Web3 wallet has launched the 4th phase of its reward experience program. Users who complete the designated Orca, Thena, and Mori Finance DApp interaction tasks before 24:00 (UTC+8) on December 28th have the chance to win token rewards worth $1 to $10. The lottery for this phase will take place on December 29th, and users can view their rewards through their asset dashboard or transaction history.

Bitget will launch Fusionist (ACE) today.

Bitget will list Fusionist (ACE) on its Innovation Zone and GameFi Zone. The deposit channel is now open, and the trading channel will be opened after meeting liquidity requirements.

BC Technology Group plans to rename as OSL Group Limited

BC Technology Group has announced that its board of directors has recommended changing the company's English name from "BC Technology Group Limited" to "OSL Group Limited", and changing the company's Chinese name from "BC 科技集团有限公司" to "OSL 集团有限公司".

The announcement states that "OSL" is the brand name of the group's digital asset and blockchain platform. The board believes that changing the name will provide a more suitable corporate image and enhance the company's brand recognition for future business development. Therefore, the board believes that the proposed name change plan is in the overall interests of the company and its shareholders.

Bithumb will list Fusionist (ACE) KRW trading pair

Bithumb has announced that it will list the ACE (Fusionist) trading pair in the Korean won market.

The expected start time for recharging is 3:00 PM on Monday, December 18, 2023. The start time for trading/withdrawals is to be determined.

Bitget announced the launch of MICE.

Bitget announced that MICE will be listed on the Innovation Zone and Inscription Zone. The recharge channel is now open, and trading and withdrawals will begin at 16:00 on December 18th.

Binance will launch ACE 1-50x U perpetual contract

According to the official announcement, Binance will launch ACE 1-50x U perpetual contract on December 18, 2023 at 18:00 (GMT+8).

Upbit will list ASTR/KRW trading pair

According to an official announcement, the South Korean cryptocurrency exchange Upbit will list the ASTR/KRW trading pair. ASTR can only be deposited on the Astar Network and does not support deposits from other networks such as BSC.

Upbit: ASTR Korean won market will delay trading opening by 1 hour

The People's Court of Dapu County ruled in the first instance that the defendants Chen and Li disregarded national laws and used the form of buying and selling virtual currency to engage in disguised foreign exchange transactions, which constituted a serious crime of illegal business operations. The charges brought by the prosecution were established and supported. Based on the roles played by the two defendants in the joint crime and their attitudes towards confession, they were respectively sentenced to corresponding penalties and fines for the crime of illegal business operations. After the verdict was announced, both of them expressed their acceptance of the sentence.

FTX paid a total of $118.1 million for bankruptcy consulting services from August to October, equivalent to $53,000 per hour

According to a report by Cointelegraph, court documents show that from August 1 to October 31, the bankruptcy lawyer and advisor of the cryptocurrency exchange FTX received a total of $118.1 million in fees. This amounts to $1.3 million per day or $53,300 per hour over a period of 92 days.

The largest bill comes from management consulting firm Alvarez and Marshall, with a service fee of 35.8 million US dollars for three months. Ranking second is global law firm Sullivan and Cromwell, charging 31.8 million US dollars. Sullivan and Cromwell's average hourly rate for services is $1,230. Global consulting firm AlixPartners charged $13.3 million for legal and investigative professional services during this period. Quinn Emanuel Urquhart & Sullivan charged $10.4 million during the same period, while the total fees of several smaller consulting firms exceeded $26.8 million.

Meanwhile, data shared by an anonymous FTX creditor in a December 17th post shows that since the FTX bankruptcy case began, FTX has paid a total of approximately $350 million in legal fees.

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