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Daily Legal News | Solana NFT's 7-day trading volume surpasses Ethereum NFT for the first time; Bitcoin breaks through $43,000.

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Price Observation

Bitcoin breaks through $43,000, with a 24-hour increase of 4.74%

On December 19th, according to OKX market data, Bitcoin broke through $43,000 and is currently priced at $43,062, with a 24-hour increase of 4.74%.

Avalanche Network Meme Coin COQ has risen over 100% in the past 24 hours.On December 19th, according to CoinGecko data, the Meme coin COQ on the Avalanche network has increased by 108.6% in the past 24 hours, now priced at 0.00000244 USD.

AUCTION rose to $38.5, with a nearly 50% increase in 24 hours.

On December 19th, according to OKX market information, AUCTION rose to touch $38.5 and has now slightly fallen to $37.48, with a 24-hour increase of 48.65%.

BSSB surged above $8, with a 24-hour increase of 31.12%.

On December 18th, according to CoinGecko market data, BitStable Finance (BSSB) rose above 8 US dollars, with a current price of 8.08 US dollars and a 24-hour increase of 31.12%.

Ethereum rebounded to above $2,200 this morning, with a 24-hour increase of 0.46%.

On December 19th, according to OKX market information, Ethereum rebounded to above $2200 this morning and is now priced at $2214, with a 24-hour increase of 0.46%.

IoTeX (IOTX) breaks through $0.05, up over 30% in 24 hours

On December 19th, according to market information, IoTeX (IOTX) broke through $0.05 and is now priced at $0.05047, with a 24-hour increase of over 30%.

INJ rose to $37.5, hitting a new all-time high.

On December 19th, according to OKX market data, INJ rose to a new all-time high of $37.5 this morning. It has since slightly dropped to $36.4, with a 24-hour increase of 19.3%.

Transaction Tracking

A certain whale withdrew 5000 ETH from Binance and deposited it into Blast, becoming the largest deposit address on Blast.

On December 18th, according to blockchain data analyst Yu Jin's monitoring, an hour ago, a whale withdrew 5,000 ETH (approximately $10.66 million) from Binance and deposited it into Blast. Within two days, the whale withdrew a total of 15,000 ETH (approximately $32.62 million) from Binance at an average price of $2,175 and deposited it into Blast, becoming Blast's largest deposit address.

Justin Sun proposed to transfer nearly 500 billion SHIB from Binance, worth about 5 million US dollars

On December 18th, according to Lookonchain monitoring, 10 minutes ago, Justin Sun withdrew nearly 500 billion SHIB from Binance, which is about 5 million US dollars.

Project Updates

Helium Mobile updates rules to combat MOBILE token arbitrage, new subscribers must wait eight days to receive tokens.

On December 19th, Kelp DAO has performed outstandingly since its launch 6 days ago and has become one of the main sources of deposits for EigenLayer. As of now, Kelp DAO has attracted approximately 38,000 ETH deposits, including 15,750 ETHx and 22,000 stETH. In addition, there are 3,600 users holding rsETH. Meanwhile, Kelp DAO announced that the 32,000 ETH deposits in the early queue have been successfully re-staked on EigenLayer. Kelp will continue to accept deposits until reaching the upper limit of stETH/ETHx or the total LST limit. During this period, the early queue and its rewards will remain open.

friend.tech will release version 2 in spring 2024

On December 19th, according to the official trailer, friend.tech will release version 2 in the spring of 2024.

CeFi Information

Data: OKX NFT trading volume exceeded $50 million in the past 24 hours, surpassing Blur and OpenSea

On December 18th, according to The Block, OKX NFT trading platform surpassed Blur and OpenSea in daily trading volume. According to DappRadar's data, as of 2pm Hong Kong time, OKX NFT trading platform's 24-hour trading volume reached $50.33 million, making it the largest NFT market in terms of daily trading volume. Blur ranked second with a daily trading volume of $13.21 million, followed by Magic Eden with $7.63 million, UniSat with $3.82 million, and OpenSea with $3.25 million.

Financing Express

Keywords Studios acquires Improbable's gaming business unit MPG from the metaverse company for approximately $97.1 million

On December 18th, according to CoinDesk, Improbable, a metaverse technology company, announced that it has sold its multiplayer game service company, The Multiplayer Group (MPG), to video game developer Keywords Studios (KWS) for £76.5 million (approximately $97.1 million). MPG has 360 employees in 34 countries, and its main clients include gaming giants Activision Blizzard, Bethesda, Zenimax, Epic, and 2K. According to the company, Improbable acquired MPG for £30 million in 2019. Last year, Improbable raised $150 million in a funding round led by a16z and SoftBank, with participation from DCG, Mirana Ventures, SIG, Ethereal Ventures, and CMT Digital. This metaverse company has raised over $600 million in previous funding rounds.

Rio Development announced the completion of seed round financing, with participation from Polychain Capital and othersOn December 18th, Rio Development, the team behind the liquidity re-collateralization network Rio Network, announced the completion of its seed round financing. Participants included Polychain Capital, Blockchain Capital, Breyer Capital, Coinbase Ventures, and Fenbushi Capital, among others, with the amount of financing currently undisclosed. Rio is a network for issuing Liquid Restaking Tokens (LRT), with its first product being re-collateralized Ethereum (reETH).

Internet bandwidth monetization startup Wynd Network has completed a $3.5 million seed round of financing, led by Polychain Capital and Tribe Capital.

On December 19th, Wynd Network, a startup company focused on allowing users to earn money by selling unused internet bandwidth, announced the completion of a $3.5 million seed round of financing. The round was led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik. The company's first product, Grass, is a decentralized web crawler network designed to help companies and non-profit organizations train artificial intelligence. Chris Nguyen, Wynd Network's Chief Technology Officer, stated that Grass will produce a dataset that can be traced back to its origin, allowing people to receive fair compensation for their contributions to the network.

Nguyen said to DL News: "We have explored many ways to make public network data more accessible to open source AI projects, and we believe that decentralization is the only way to achieve this goal in an ethical and efficient manner." According to reports, Grass currently allows users to provide unused internet bandwidth through a web browser extension to earn points, which will be "retrospectively converted into network ownership" at the end of the product beta phase. Many observers expect that Grass will transfer network ownership to early users through tokens, similar to many decentralized autonomous organizations or DAOs. Wynd Network said that once the product exits beta phase, users will be able to earn up to $30 per month by selling bandwidth.

Viewpoint Data

Data: Avalanche users paid $13.8 million for calligraphy-related activities in the past 5 days

On December 18th, according to The Block, Avalanche users paid a total of $13.8 million in fees for engraving and transfer of tokens in the past five days. Despite the fact that millions of token-based on engravings have been created on blockchains such as Polygon and BNB Chain, the total fees paid by users amount to approximately $1 million per chain.

Data: About $16.7 million AVAX was burned in the past week, 10 times more than the previous week.

On December 18th, according to The Block, Avalanche users destroyed 439,000 AVAX tokens worth approximately $16.7 million while conducting transactions in the past week, thereby reducing the circulating supply of the token. The amount of AVAX destroyed each week has reached its highest level to date. On the Avalanche network, all transaction fees are destroyed. The transaction fees within the network are based on the EIP-1559 design, which introduces a burning element to Ethereum's transaction fees. The difference is that Ethereum pays a portion of the transaction fees to validators and burns the rest, while Avalanche completely destroys them.

Data: Ordinals Inscription cumulative revenue exceeds 170 million US dollars

On December 18th, according to the latest data from Dune, the cumulative fee income generated by the Bitcoin NFT protocol Ordinals' inscription casting has exceeded 4234 BTC, equivalent to 173,448,605 US dollars. The current total number of inscriptions cast is 49,127,513.

Data: Solana NFT 7-day trading volume surpasses Ethereum NFT for the first time, reaching $92.06 million

On December 18th, according to Cryptoslam data, the Solana NFT transaction volume reached $92.06 million in the past 7 days, surpassing the Ethereum NFT transaction volume of $91.32 million during the same period for the first time. In addition, the Bitcoin NFT transaction volume reached $365 million in the past 7 days.

In the past 24 hours, the entire network has liquidated $241 million, with long positions being the main ones to be liquidated.

On December 19th, according to Coinglass data, the entire network liquidated $241 million in the past 24 hours, with long positions liquidated at $169 million and short positions liquidated at $71.7127 million.

Regulatory News

Special Committee Fairshake has raised $78 million to support crypto-friendly candidates

On December 18th, according to PR Newswire, the Fairshake Super PAC, a special committee registered with the Federal Election Commission (FEC), and its affiliated organization representing the US crypto community, has raised over $78 million (and counting) from 20 companies and industry leaders including Andreessen Horowitz (a16z), Coinbase, Circle, Jump Crypto, and Paradigm, to support candidates who actively support cryptocurrency in the 2024 presidential election. The goal is to support 52 million Americans who own digital assets and aspire to achieve fair opportunities in the American dream.

Bitwise has released a new commercial advertisement for its Bitcoin ETF.

On December 18th, Bitwise, a cryptocurrency asset management company, released a 15-second commercial for their new Bitcoin ETF. As previously reported by BlockBeats, Bitwise's spot Bitcoin ETF with the code BITB has been listed on the DTCC website.

7RCC's encrypted ETF is different from other applicants. 80% of its assets will be composed of Bitcoin, and the remaining portion will hold carbon credit futures. Gemini will provide custody services for the Bitcoin in the fund. The application document did not mention the custodian of cash and equivalent assets.