Daily Briefing: Bitcoin briefly rebounds above $44,000; Solana network's TVL surpasses $1.2 billion.
Selected News:
1. Bitcoin briefly rebounded above $44,000.
2. Solana network's TVL has exceeded 1.2 billion US dollars, and the TVL of multiple protocols in the ecosystem has increased by more than 20% weekly.
3. Ordinals Inscription cumulative revenue exceeds 200 million US dollars;
4. UniSat Wallet official account suspected to be hacked, please do not interact with it;
5. Ethereum developers plan to run the Dencun upgrade on the Goerli test network on January 17th.
Price Observation
Bitcoin briefly rebounds above $44,000.
On December 22nd at around 9:00 AM, according to OKX market data, Bitcoin briefly rebounded above $44,000, with a price of $43,992.90 and a 24-hour increase of 1.37%.
Bitcoin Cats(1cat) rose briefly to $0.008 on Bitget's opening.
On December 21st, according to Bitget market data, Bitcoin Cats (1cat) briefly rose to 0.008 USD at 19:00 upon opening on Bitget.Solana on-chain Meme token Silly opened on Bitget and quickly surged above $0.14
On December 21st around 19:00, according to Bitget market data, the Solana-based meme token Silly saw a short-term surge in opening price on Bitget, breaking through $0.14.
Solana ecosystem DEX Raydium(RAY) breaks $1.4, up over 50% in 24 hours
On the evening of December 21st, according to market data, the Solana-based DEX protocol Raydium's token RAY broke through $1.4, with a 24-hour increase of over 50%.
Solana on-chain Meme token WIF surged over 70% in the past 24 hours
On December 21st at around 19:00, according to CoinGecko market data, the Solana blockchain-based meme token WIF has increased by over 70% in the past 24 hours, with a price of 0.238692 USD.
SILLY short-term breakthrough $0.1, with a 24-hour increase of 146.38%
On December 22nd at around 8 o'clock, according to Bitget market data, the Solana-based meme token SILLY broke through 0.1 USD before falling back to a price of 0.09855 USD, with a 24-hour increase of 146.38%.
ZERO 24-hour surge over 70%, currently reported at $2.2548
On December 22nd at around 8 o'clock, according to Bitget market data, ZERO rose to touch 2.2759 US dollars before falling back to a price of 2.2548 US dollars, with a 24-hour increase of 73.39%.
NEAR surged above $3.4, up more than 20% in 24 hours.
On the evening of December 21st, around 22:00, according to OKX market data, NEAR rose above $3.4, with a price of $3.429 and a 24-hour increase of 20.23%.
OP 24-hour surge over 13%, currently reported at $2.544
On December 22nd at around 8 o'clock, according to OKX market data, OP surged to a high of $2.555 before falling back to a price of $2.544, with a 24-hour increase of 13.12%.
On December 21st at around 21:00, according to market data, the in-game currency BERRY of the blockchain game Pixels was priced at 0.0012 USD, with a 24-hour increase of over 10%.
Project Updates
UniSat Wallet official account suspected to be hacked, please do not interact with it.
On December 22nd, UniSat Wallet's official account was suspected to have been hacked. They posted a promotional tweet for a certain project with comments disabled, and included a suspicious link. Users are advised not to interact with it and to be vigilant in protecting their personal assets.
ARK Invest sold nearly $200 million worth of Coinbase stock in December
On December 21st, according to CoinDesk, Cathie Wood's investment firm, ARK Invest, continued to sell Coinbase (COIN) stock, bringing the total sales for December to $196.8 million. This happened against the backdrop of Coinbase's stock price rising nearly 30% since the end of November. ARK Innovation ETF (ARKK) sold 132,782 shares, while ARK Next Generation Internet ETF (ARKW) sold 16,998 shares, with a total value of approximately $24 million.ARK Invest typically reduces its holdings of Coinbase stock when the stock price rises, as the company has a policy of limiting its ownership stake in a single company to approximately 10% of its assets under management. Currently, the holdings of COIN in ARKK and ARKW are still above this level.
In addition, ARKW further reduced its holdings in Grayscale Bitcoin Trust (GBTC) and increased its holdings in 158,334 shares of Block (SQ) stock. The latter provides cryptocurrency payment services through its Cash App and recently launched a new Bitcoin self-custody wallet earlier this month.
Arbitrum Orbit integrates NEAR data availability layer
BlockBeats News, on December 21st, the NEAR Foundation announced that its NEAR Data Availability Layer (NEAR DA) is now available on Arbitrum Orbit, a technology stack that allows developers to launch their own configurable lightweight chains based on Arbitrum's technology. Arbitrum Orbit is a platform that provides L2/L3 scaling solutions for Ethereum, allowing developers to build their own dedicated chains with their own configurations. By integrating NEAR DA, lightweight chain builders can benefit from lower data availability costs, significantly reducing the overall cost of lightweight chains.
This NEAR-Arbitrum integration allows developers to build their own lightweight chains within the Arbitrum Orbit ecosystem, while leveraging the cost-effectiveness and scalability of the NEAR protocol. The Arbitrum Orbit chain utilizes the Arbitrum Nitro technology stack, which is developed by Arbitrum for scaling Ethereum. Builders can create their own blockchain, with transactions settling on Arbitrum One, Arbitrum Nova, or the Ethereum mainnet, provided they are granted L2 permission by the Arbitrum DAO.
Crypto mining company Core Scientific is expected to emerge from bankruptcy in January next year.
On December 21st, Core Scientific, a cryptocurrency mining company, announced that it is expected to emerge from bankruptcy in mid to late January. The company, based in Austin, Texas, filed for bankruptcy protection last year due to the drop in Bitcoin prices, rising energy costs for Bitcoin mining, and the unpaid debt of Celsius Network, one of its largest clients in the US cryptocurrency loan industry.
Core Scientific has announced that it has reached a preliminary agreement with all key stakeholders on global settlement terms. The company's CEO, Adam Sullivan, stated in a statement that "this global settlement resolves a key obstacle to our expected exit from Chapter 11 bankruptcy in January." Last year's high-profile collapse caused turmoil in the cryptocurrency market, and Core Scientific was one of the victims.
Analysoor: The first community Meme coin will be released at 22:00 on December 23
On December 22nd, Analysoor announced that the first community-owned Meme coin will be released on Saturday (December 23rd) at 22:00 and will be open to the public. 48.5% of the token supply can be minted at a price of 0.05 SOL + 1 ZERO, and the minting process will last for 45 minutes.During the coin minting period, the ZERO raised will be placed into the wallet. If any of the top three centralized exchanges want to list ZERO and use it to meet their liquidity requirements, it must be one of the top three CEXs. Other CEXs can arbitrage through automated market makers (AMMs). 48.5% of the supply and 100% of the SOL transaction fees will be used to create a Meteora AMM similar to ZERO.
LP tokens will be locked for three years, with Anatoly Yakovenko (founder of Solana) as the beneficiary. The minting authority will be relinquished, so the supply cannot increase. 3% of the supply will be distributed to ONE holders three days after minting.
MoonPay launches enhanced NFT checkout tool
On December 21st, MoonPay, a cryptocurrency payment company, announced the launch of an enhanced version of its NFT checkout tool, providing a simplified way for companies and the market to purchase tokenized art, collectibles, memberships, and other items. The MoonPay Checkout expands on the company's existing NFT checkout widget, offering a tool that can be easily added to websites without the need for coding, allowing customers to purchase NFTs using debit and credit cards on dozens of chains.
The improved features of this tool include a simplified purchasing process, integrated login process with Google and Apple accounts, and a streamlined process for providing customers with Know Your Customer (KYC) documents. Customers can also generate an encrypted wallet at checkout to speed up the purchasing process, without needing knowledge of cryptocurrency to get started.
MoonPay Checkout currently supports 41 blockchain networks, including Ethereum, Solana, Polygon, and Flow. Users can also mint multiple NFTs in a single transaction.
Qredo has secured debt financing led by 10T Holdings, and its CEO has been dismissed
On December 21st, according to sources cited by The Block, Anthony Foy, co-founder and CEO of Qredo, a cryptocurrency infrastructure startup, was removed from the company after an investor-led management overhaul. Qredo also received debt financing to maintain its operations. The position of CEO at Qredo has been taken over by Duncan Payne-Shelley, the 48-year-old CFO of Qredo.
除了 Foy 之外，Qredo 的首席运营官 Josh Goodbody 也不再为该公司工作，并由该公司的首席人事官 Becky Mifsud 取代。Qredo 最近几周还任命了两名新的董事会成员，苏富比前总裁兼首席执行官 Thomas Sidney Tad Smith，Jr. 和 10T Holdings 和 1RoundTable Partners 的负责人 Raizada Bhavin Vaid。与此同时，10T Holdings 的联合创始人兼合伙人、TenSquared Capital 的创始人兼管理合伙人 Stan Miroshnik 已离开 Qredo 董事会。
Translation:Except for Foy, Qredo's Chief Operating Officer Josh Goodbody is no longer working for the company and has been replaced by the company's Chief Human Resources Officer Becky Mifsud. Qredo has also appointed two new members to its board of directors in recent weeks, former Sotheby's President and CEO Thomas Sidney Tad Smith, Jr. and Raizada Bhavin Vaid, who is in charge of 10T Holdings and 1RoundTable Partners. Meanwhile, Stan Miroshnik, co-founder and partner of 10T Holdings and founder and managing partner of TenSquared Capital, has left Qredo's board of directors.
CeFi Information
HashKey Exchange announced system maintenance on December 23rd early morning
On December 21st, according to the latest announcement from HashKey Exchange, the platform will undergo a one-hour system maintenance from 00:00 to 01:00 on December 23rd. During this maintenance period, only the access function of cryptocurrencies will be affected, and the deposit and withdrawal functions of fiat currencies will not be affected. The HashKey team recommends that users arrange transfer operations in advance to avoid any inconvenience that may occur during the maintenance period.
Kraken has now launched Jito (JTO)
On December 22nd, according to an official announcement, Kraken has now listed Jito (JTO).
Bitget Launchpad project (TonUP) will stop investment at 17:00 today
On December 22nd, Bitget's new Launchpad project (TonUP) will stop accepting investments at 17:00 today. As of the time of writing, the number of investors has exceeded 13,000. The final investment amount will be announced from 17:00 to 18:00 on December 22nd, and the UP token distribution time will be from 18:00 to 19:00 on December 22nd.
Binance Web3 wallet completes integration with 19 new dApps
On December 21st, according to an official announcement, Binance Web3 wallet has completed integration with 19 new dApps. The newly added dApps include:Dodo、Radiant Capital、Maverick、WooFi、CyberConnect、QuickSwap、GMX、Gala Games、BinaryX、1inch、Maker、Compound、Curve、Convex、Frax Finance、Sushi、Yearn Finance、Alpaca、BiSwap。
It is reported that this round of funding will be used to introduce new early access opportunities, such as pre-listening to unreleased music and offering pre-sale tickets, as well as other membership benefits, such as "video premieres or new updates". Artists will also be able to sell new exclusive and limited edition digital collectibles/NFTs, such as poster bundles and trading cards.
Regulatory News
On December 21st, according to CNBC, cryptocurrency trading platform Coinbase has successfully registered with the French regulatory agency. A company spokesperson confirmed this news on Thursday. This paves the way for the company to expand its services in another key European market. The French Financial Markets Authority (AMF) has granted approval to Coinbase as a virtual asset service provider (VASP), which effectively gives the company the green light to operate digital currency services in France.
VASP registration will allow Coinbase to provide custody of digital assets, purchase or sell digital assets with fiat currency, trade between digital assets, and operate a digital asset trading platform. The company stated in a statement on Tuesday that regulatory authorities in European countries such as France have been working to keep up with the development of emerging technologies such as cryptocurrency and blockchain, while seeking a balance between enhancing the potential of payment systems and transactions and ensuring consumer protection.
Terraform Labs and the US SEC reach agreement on confidentiality terms
According to previous reports, on December 7th, Terraform Labs applied to a New York judge this week, requesting that a jury decide whether its developed UST stablecoin and LUNA cryptocurrency are securities. The US Securities and Exchange Commission (SEC) insists that this matter should be decided by a judge.
Sanjian Capital's creditors are expected to recover nearly 46% of their assets
On December 21st, according to The Block, Teneo, the liquidation company of 3AC, estimated that creditors could recover about 45.74% of assets from bankruptcy assets. Russell Crumpler and Christopher Farmer, the liquidation co-leaders of Teneo, stated in a report submitted to creditors in December 18th that the company's assets were valued at $1.16 billion, while the recognized value of the debt used for distribution was expected to be $2.7 billion.A report shows that Teneo has resolved lawsuits with multiple parties, including DCG, Genesis, and BlockFi, increasing the company's reported assets by approximately $292 million. The settlement with BlockFi is still pending approval. The report also indicates that there are 154 claims for 3AC assets, with a total value of $3.4 billion. Of these, $2 million in claims have not been recognized for distribution, while $32.2 million in claims have been rejected or are expected to be rejected. Claims worth $76 million are in dispute.
In addition, the report mentioned that Zhu Su, co-founder of 3AC, who was arrested in Singapore, has completed his house arrest on December 20th. Meanwhile, the liquidators are still investigating the relationship between 3AC and Tai Ping Shan, a company it closely worked with. In the bankruptcy proceedings, legal fees have accumulated to $49.7 million.
Prometheum plans to provide digital asset custody services to asset management companies, hedge funds, and other financial institutions starting in the first quarter of 2024. By the second quarter, the company plans to offer trading and clearing services to clients - first institutional clients, then retail investors. Kaplan also sees it as a potential platform for traditional securities tokenization.
Hashdex has submitted a new Bitcoin spot ETF S-1 application.
On December 21st, Bloomberg analyst James Seyffart stated on social media that Hashdex has submitted a new S-1 form to continue the process of applying for its Bitcoin exchange-traded fund (ETF).
It is worth noting that Hashdex's Hashdex Bitcoin Futures ETF (DEFI) is already trading and is attempting to increase its exposure to spot Bitcoin. Technically, DEFI is the first fund to apply for cash creation/redemption as it currently operates in cash.
On December 22nd, Grayscale CEO Sonnenshein stated in an interview with Fox Business that if Grayscale's GBTC is approved to be listed as a spot Bitcoin ETF, its stock code GBTC will remain unchanged.
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