Selected News:

1. OKX DeFi now supports the Eigenlayer protocol;

2. The first inscription project of Injective, INJS, is expected to start engraving at 23:00 today.

3. Bounce will soon launch a new IDO, and two project teams will collaborate to release a single token.

4. Avalanche network Meme coin COQ has risen over 100% in the past 24 hours;

5. Starknet ecosystem NFT series Starkpunks will airdrop tokens to NFT holders and Starknet OG.

Price Observation

BNB short-term breakthrough $250

On December 19th, according to OKX market information, BNB briefly broke through $250 and is currently priced at $250.8, with a 24-hour increase of 7.71%. Prior to this news, Binance announced the launch of the 41st project on its new coin mining Fair Mode, mining NFPrompt (NFP) using BNB, FDUSD, and TUSD.

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.

Ubisoft's first blockchain game "Champions Tactics" Warlords NFT floor price is currently at 0.244 ETH

On December 19th, according to Blur market data, Ubisoft's first blockchain game "Champions Tactics: Grimoria Chronicles" Warlords NFT floor price is currently at 0.244 ETH. It is reported that the gaming giant Ubisoft provided a priority list for NFT minting for its first original blockchain game "Champions Tactics: Grimoria Chronicles" on December 18th at 19:00 Beijing time, and launched public minting at 3:00 on December 19th Beijing time.

"Champions Tactics: Grimoria Chronicles" will mint a total of 9,999 Warlords NFTs. Although the Warlords NFTs will run on the Ethereum blockchain, the game itself is deployed on the Ethereum-compatible Oasys blockchain. 8,000 NFTs will be provided through free minting, while an additional 1,000 NFTs will be offered to the Oasys community. Ubisoft will reserve 999 NFTs for future marketing and giveaways.

BGB's market value has exceeded 920 million US dollars, and BGB has continuously hit new historical highs.

On December 19th, according to CoinMarketCap data, BGB recently hit a new all-time high with a market capitalization of over 920 million US dollars. BGB's initial issuance price was 0.0585 US dollars, and it is currently trading at 0.66057 US dollars, with a surge of over 1029% since its issuance and a 24-hour increase of 8.48%.

In addition, Bitget has launched a new phase of the Launchpad project called TonUP (UP), which will be based on the BGB investment model. Bitget will take a snapshot of users' asset accounts during the position holding statistics phase (from 14:00 on December 17th to 14:00 on December 20th) to calculate the average BGB holding of users.

HONEY short-term breakthrough $0.3, 24-hour increase of 23%On December 19th, according to Coingecko data, Hivemapper (HONEY) saw a short-term surge, breaking through 0.3 USD and currently trading at 0.282 USD, with a 24-hour increase of 23%.

SEI breaks through $0.34, with a 24-hour increase of 38%

On December 19th, according to market information, SEI broke through $0.34 and is now priced at $0.3415, with a 24-hour increase of 38%.

INJ has a short-term breakthrough of $40, hitting a new all-time high.

On December 19th, according to OKX market information, INJ broke through $40 in a short period of time and is now priced at $40.01, with a 24-hour increase of 33.52%, continuing to hit a new historical high.

Earlier news, Injective's first NFT project INJS is expected to start engraving at 23:00 today.

SERAPH Priority Pass Official Series NFT floor price increased to 2.88 ETH, with a 7-day increase of 122.05%On December 19th, according to Blur market data, the floor price of the SERAPH Priority Pass Official NFT series, released by the ARPG dark brush treasure chain game "SERAPH: In the Darkness", rose to 2.88 ETH, with a 7-day increase of 122.05%. It is reported that the total number of SERAPH Priority Pass Official NFT series is only 999, and there are currently 443 holding addresses. In addition, the total transaction volume of multiple NFT series on the Seraph platform has reached 4,145 ETH.

"SERAPH: In the Darkness" is an ARPG dark-themed treasure hunting game. SERAPH continues the loot-game experience, providing players with the fun of collecting and building unique equipment, and adding more game elements to provide enjoyment. SERAPH allows players to play for free and has the opportunity to play-to-earn, committed to building a sustainable and healthy economic environment for players.

DePIN concept protocol Streamr(DATA) breaks through $0.055, with a 24-hour increase of 84.73%

Project Updates

Starknet ecosystem NFT series Starkpunks will airdrop tokens to NFT holders and Starknet OG

On December 19th, Starknet's NFT ecosystem series, Starkpunks, announced that they will issue 6.66 quadrillion PUNK tokens, of which 21% will be airdropped to NFT holders, 10% will be airdropped to Starknet OG, and the remaining 69% of PUNK will be fairly distributed to the Starkpunks ecosystem in the coming months. In addition, staking PUNK and NFT can earn rewards, and a new website is about to launch.

ZK L2 Network ZKFair mainnet will officially launch at 11:00 on December 20th, with a 100% fair start

On December 19th, according to official sources, the ZK L2 network's ZKFair mainnet will officially launch at 11:00 on December 20th. Its testnet went live on the 7th and has had nearly 70,000 users participate. Currently, the team is conducting final stage testing and deploying cooperative projects. ZKFair has also passed audits from multiple well-known auditing agencies to ensure a safe, stable, and smooth user experience after launch. ZKFair is the first L2 community network to adopt Polygon CDK, Celestia DA, and Lumoz ZK-RaaS, and is 100% fairly launched and completely community-driven. In addition, in ZKFair's innovative economic model, all ZKF Tokens will be distributed through a "fair launch" after the mainnet goes live.

Among them, 75% will be generated in the form of Gas fee Airdrop, and the remaining 25% will be distributed to the community in the form of Community Airdrop. In addition, all Gas Fee income generated by the network will also be returned to the community contributors. More details will be announced after the mainnet goes live. For the latest news, please follow ZKFair's Twitter and Discord.

Bounce will soon launch a new IDO, and two project teams will collaborate to release a single token.

On December 19th, Bounce Launchpad announced the launch of a token issuance strategy called "Two Birds, One Stone". This innovative strategy involves two different teams collaborating to launch a single token, and the identities of these two projects are currently being kept confidential. This unique token issuance will utilize AUCTION and BitStable Finance's (BSSB) stablecoin DAII for participation. The issuance process includes two different auction pools on Bounce Launchpad: one for AUCTION staking and the other for DAII staking.

NEAR ecosystem multi-chain network infrastructure "Octopus Network 2.0" officially launched, and launched the first Cosmos SDK application chain OttochainAccording to official sources, the first Cosmos SDK application chain of Octopus multi-chain network ecosystem, Ottochain, was officially launched on December 17th. This means that the shared security service of NEAR Restaking and the cross-chain service of NEAR-IBC proposed by Octopus Network Innovation are operating stably, and the Octopus 2.0 mainnet is officially online.

Octopus Network aims to provide flexible and rentable shared security services, cross-chain interoperability capabilities, one-stop infrastructure, and comprehensive community support for the blockchain industry.

It is reported that the newly added NEAR Restaking mechanism in Octopus 2.0 allows NEAR holders to stake their NEAR assets for NEAR Protocol and also stake for application chains or middleware in the NEAR ecosystem that are based on NEAR, in order to obtain multiple staking rewards. This is currently the most capital-efficient staking method.

Injective's first inscription project INJS is expected to start engraving at 23:00 today

On December 19th, Injective's first NFT project INJS announced on its social media platform that INJS will start engraving from block number 54,875,300 (expected to be 23:00 Beijing time today).

Pudun: Discovered ERC2771+ multiple call attacks targeting NFTs, over 200 NFTs have been stolen

On December 19th, according to Paiduin's monitoring, it was discovered that hackers were conducting a targeted ERC2771 + multiple call attack on NFTs. Currently, the attackers have stolen 85 0XLBOTS and 152 CypherpunkZero coins.

Astar Network: Deploying Phase 2 of Token Economics 2.0

On December 19th, according to official sources, Astar Network announced that the second phase of token economics 2.0 deployment is underway. Necessary updates have been merged today to implement the hybrid inflation model on Astar. This model will transition to the upcoming DApp Staking V3, which will fairly reward ecosystem participants and limit treasury rewards. After the complete deployment of token economics 2.0, Astar will revise the grading reward system for DApp developers and introduce a deadline for DApp grading. Additionally, Astar will provide new rewards for regular participants who claim rewards and re-select their favorite DApps for investment, and impose penalties for users who do not claim staking rewards within the deadline.

Starknet plans to conduct mainnet v0.13 update on January 10, 2024, which will support STRK payment for Gas.

Starknet shared the v0.13 mainnet schedule with its community. According to the plan, the Starknet mainnet v0.13 update will take place on January 10, 2024, and at that time, Starknet will support STRK token payment for Gas.

Syncus will launch a lending platform where SYNC can be pledged to borrow USDC or ETH at an 85% ratio

On December 19th, Syncus, an ecosystem project of zkSync, announced on Twitter that it will soon launch a lending platform. Users can pledge SYNC and borrow USDC or ETH at a ratio of 85%, thus regaining liquidity.

If the user chooses to sell without pledging, they need to pay a 15% tax to the Treasury and can only obtain 85% of the liquidity. If the user participates in pledge lending, the collateral will be liquidated only if the SYNC price falls below the amount of the borrowed assets, and the liquidity obtained from selling is the same.

SYNC increases Treasury revenue through transaction taxes and distributes dividends to stakers. Compared to OHM's bond design, the tax mechanism creates a growth flywheel: high yield - more demand - more trading volume - Treasury growth - higher yield - repeat.

It is reported that Syncus is currently running on the Ethereum mainnet, and raised 187 ETH in 5 minutes during its IDO. It is a decentralized stablecoin ecosystem protocol that distributes revenue from transaction taxes to staking users, aiming to address and improve the sustainability issues of Olumpus (OHM) and establish a self-growing treasury system through positive incentives.

In the past week, SYNC has performed well in the market, with a current market value of 20M and a growth of 7 times.

INJS: Abnormal Inscription Activity Detected, Memo Field Updated

On December 19th, Injective's first inscription project INJS announced on its social media platform that some abnormal engraving activities have been detected. Users are advised to note that the engraving process has not yet begun. In addition, the Memo field in the Mint rules has been updated. Users can refer to the official documentation. Earlier, the INJS project announced that engraving will begin from block number 54,875,300.

Decentralized derivative trading platform Bluefin announces strategic partnership with Chaos Labs

On December 19th, according to official sources, decentralized derivative trading platform Bluefin announced a strategic partnership with blockchain risk analysis service provider Chaos Labs. This partnership will help optimize risk management and protect user funds for Bluefin's encryption protocol.

OKX DeFi now supports the Eigenlayer protocol.

On December 19th, according to official sources, OKX DeFi now supports the Eigenlayer protocol. Users can now stake ETH to obtain staking certificates in protocols such as Lido, Swell, Rocketpool, and Stader through OKX DeFi, and then stake the certificates in Eigenlayer to earn up to an additional 8% annual yield. EigenLayer is a re-staking protocol built on Ethereum that allows users to earn additional rewards by using their locked ETH.

OKX Web3 Wallet's DeFi section is a one-stop on-chain investment platform that aggregates a variety of investment products from 20+ public chains, 80+ projects, and 200+ protocols. It supports convenient operations such as one-click cross-currency investment and automatic income calculation, helping users improve capital utilization while saving on gas fees, making DeFi investment easier.

Binance updates TRB, BLZ, RNDR, BAKE perpetual contract leverage and margin levels

On December 19th, according to an official announcement, Binance has updated the leverage and margin levels for the USDT perpetual contracts of TRB, BLZ, RNDR, and BAKE. Existing positions opened before the update will not be affected.

Binance new coin mining Fair Mode launches the 41st project, using BNB, FDUSD, TUSD to mine NFPrompt (NFP)

On December 19th, according to official sources, the 41st project was launched on Binance's new coin mining fair mode, which allows users to mine NFPrompt (NFP) using BNB, FDUSD, and TUSD. Users can deposit BNB, FDUSD, and TUSD into the NFP mining pool on the Launchpad website after 08:00 on December 20th (UTC+8) to receive NFP rewards. The NFP mining period lasts for 7 days.

Fair Mode is a new mode launched by Binance Launchpool. The tokens issued under this mode will have a significantly increased initial circulation (all Launchpool tokens will be released before listing), aiming to protect the community and retail investors and maximize user benefits. In addition, it will permanently prevent some allocations from entering circulation, further reducing inflationary pressure. For more details, please refer to the exploration of token economic models and development.

According to the announcement from Binance, NFPrompt (NFP) is an AI-driven user-generated content (UGC) platform for Web3 creators.

Financing Express

On December 19th, according to Coin Choice, MetaFight, a blockchain-based mixed martial arts (MMA) management game, has received strategic investment from Animoca Brands. MetaFight will benefit from Animoca Brands' cooperative network and professional knowledge in the blockchain field, expanding its business and improving its game services. MetaFight is an ecosystem dedicated to digitizing MMA and connecting it with the real world. The first management card game (MCG) to be released has become a collection card for professional MMA fighters, and it is also planned to release the next version of MCG in 2024.

DWF Labs has invested in MOBOX, a gaming metaverse platform.

On December 19th, DWF Labs invested in the game metaverse platform MOBOX, which will promote MOBOX to provide more liquidity on various exchanges, enhance the synergy between investment portfolios, expand regional partnerships, and grow in terms of public relations and offline activities cooperation.

Blockchain technology company Fyde Treasury announced the completion of a $3.2 million seed round of financing, led by OP Crypto Ventures.

On December 19th, Fyde Treasury, a blockchain technology company led by former NASA scientists, announced that it had completed a $3.2 million seed round of financing. The round was led by OP Crypto Ventures, with participation from well-known funds and angel investors such as Arrington Capital, BigBrain Holdings, and Merit Circle. Fyde Treasury conducted stress testing and optimization through a simulation engine. The system uses heuristic and random proxy modeling to model token design and create a consistent incentive structure between blockchain companies, decentralized computers, and token holders.

Viewpoint Data

BakerySwap: Over 12,000 ETH have participated in the Bitcoin Cats Launchpad project on the Bitcoin chain game platform

On December 19th, BakerySwap announced on its social media platform that over 12,000 ETH tokens have participated in the Bitcoin Cats Launchpad project on the Bitcoin blockchain.

Regulatory News

BlackRock changes Coinbase to Prime execution agent in ETF filing to address regulatory issues

On December 19th, BlackRock introduced six major changes and cash holdings to its Bitcoin management and operational structure in the amendment to the S-1 form for iShares Bitcoin Trust. BlackRock's previous update introduced 21 core amendments, but the content shown in the December 18th document is much less, which may indicate the final improvements before release, as Coinbase transitions to Prime execution agent. Coinbase's role has shifted from a primary broker to a primary execution agent, indicating a possible shift in Coinbase's responsibility for BlackRock's ETF. As the primary execution agent, Coinbase's main role is to represent the ETF in processing buy and sell orders, rather than providing the broader services typically associated with primary brokers. (Cryptoslate)

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