Selected News:

1. Due to the approval of the Bitcoin spot ETF by the US SEC, blockchain concept stocks in the US stock market surged before the market opened.

2. Vitalik proposed to increase the gas limit of the Ethereum network to 40 million;

3. Ethereum Goerli testnet will be upgraded to Dencun on January 17th at 14:32.

4. Ethereum Layer2 TVL breaks 22 billion US dollars, with a 7-day increase of 10.86%.

5. Coinbase: ETF will provide exposure to cryptocurrencies for millions of new investors, further solidifying its position as a mainstream asset.

Price Observation

Bitcoin falls below $46,000

According to OKX market data, Bitcoin briefly fell below $46,000 and is currently trading at $45,793, with a 24-hour decline of 0.39%.

SUI has a short-term breakthrough of $1, with a 24-hour increase of 24.24%.

According to OKX market information, SUI has broken through 1 US dollar in a short period of time and is currently priced at 0.997 US dollars, with a 24-hour increase of 24.24%.

ENS breaks $20, hitting a new high since October 2022

According to OKX market information, ENS has broken through $20 and is currently priced at $20.65, reaching a new high since October 2022 with a 24-hour increase of 46.1%.

METIS breaks $105, up over 29% in 24 hoursAccording to OKX market information, METIS has broken through $105 and is currently priced at $105.3, with a 24-hour increase of 29.1%.

TIA breaks $17.3, hitting a new all-time high

According to OKX market information, TIA has broken through $17.3 and is currently priced at $17.32, with a 24-hour increase of 14.28%, continuing to hit a new historical high.

Due to the approval of the Bitcoin spot ETF by the US SEC, the concept stocks of US blockchain rose sharply before the market

After the US Securities and Exchange Commission approved a Bitcoin spot ETF, US blockchain concept stocks surged in pre-market trading, with SOS (SOS.N) up nearly 10%, Marathon Digital (MARA.O) up nearly 5%, Coinbase (COIN.O), and Riot Blockchain (RIOT.O) up over 4%.

BlackRock's Bitcoin spot ETF began trading before the opening of the US stock market, now trading at $27.10

According to market data, the Bitcoin spot ETF (IBIT) issued by BlackRock began trading before the opening of the US stock market, with the latest quote at $27.10.

Bitcoin breaks $47,000, up 3.54% in 24 hours

According to OKX market data, Bitcoin has once again surpassed $47,000 USD and is currently priced at $47,129 USD, with a 24-hour increase of 3.54%.

Transaction Tracking

Celsius transferred 7000 ETH to Coinbase from its address 7 hours ago

According to PeckShieldAlert monitoring, Celsius transferred 7,000 ETH (approximately $18.1 million) to Coinbase 7 hours ago.

A certain whale spent 86,738 SOL to buy 17.22 million WIF tokens 4 hours ago.

According to Lookonchain monitoring, binance-insider.sol spent 86,738.1 SOL (approximately $8.65 million) to purchase 17.22 million WIF tokens at an average price of $0.5022, four hours ago.

派盾：Alameda transferred 186 WBTC, worth about $8.58 million, to Binance

According to the monitoring by Pudun, a wallet address labeled as Alameda has transferred 186 WBTC to Binance (approximately $8.58 million USD).

NEAR Foundation: Will reduce 40% of team members, mainly involving marketing, business development, and community teams

The NEAR Foundation announced that, after an internal review, it has decided to significantly restructure its core foundation team. As part of this reorganization, the NEAR Foundation will reduce its team by approximately 40%, affecting 35 colleagues, primarily in marketing, business development, and community teams. Pagoda's NEAR Protocol engineering team will continue to operate as usual.

ABCDE Alliance Du Jun: Will provide $50 million in funding and deeply participate in Bitcoin ecosystem construction

ABCDE联创Du Jun expressed on his social media platform that he is preparing to deeply participate in the Bitcoin ecosystem construction, with a preferred track of Layer2.

Meanwhile, Du Jun stated that "on the day of the project launch, a 50 million U or equivalent Bitcoin address will be made public for the exclusive use of this project's development."

Bit.Store encryption card will support Brc20 inscription recharge, and the first batch will be launched with ORDI, SATS and RATS.

Card issuer Bit.Store has officially announced that it will support the Brc20 Inscription ecosystem, allowing users to use Brc20.

The inscription token recharge encryption card will be launched for the first time, and ORDI, SATS, and RATS will be available. Users can use this encryption card for consumption online or offline worldwide, helping to promote the application of cryptocurrency in the real world.

Singapore Web3 investment firm YesX announced the purchase of BRC20 Inscription Bitcoin BTCs.

Singaporean institution YesX has announced that it will invest $100 million to lay out the Mingwen ecosystem. Today, it officially announced the purchase of BRC20 Mingwen Bitcoin BTCs. This is the third Mingwen target publicly invested by YesX, with the previous two being eths and rats, both of which have seen gains of over 1500%. BTCs will become the first BRC20 Mingwen target laid out by the institution in 2024.

x.TAI (XRC-20 Protocol) Engraving Platform x.Inscribe Officially Launched

According to official sources, x.TAI (XRC-20 protocol) engraving platform x.Inscribe has officially launched. The XRC-20 protocol is based on deep learning encryption algorithms, which enables on-chain engraving and parsing of encrypted information, laying the foundation for the on-chain development of AI. The protocol also simultaneously releases the first XRC-20 inscription ($xrcs) for free, which can be written into any encrypted information. OG Pass holders can share 50% of their protocol and ecological income.

CeFi Information

Binance will support the Injective (INJ) network upgrade.

According to an official announcement, Binance is expected to temporarily suspend token deposits and withdrawals for the Injective (INJ) network at 21:00 on January 11th, East Eight District Time, to support its network upgrade. This is aimed at providing users with a better experience.

The project team will perform a network upgrade at block height 57,076,000 (expected to be at 22:00 on January 11th, Eastern Standard Time).

Bitget appoints former Sony and BeInCrypto executive Vugar Usi Zade as Chief Operating Officer

Bitget announced the appointment of Vugar Usi Zade as Chief Operating Officer (COO). Vugar has 15 years of work experience and previously served as Chief Marketing Officer at Beincrypto and Marketing Manager at SONY before joining Bitget. Prior to that, he held senior positions at well-known companies such as Facebook, Danone, and Carlsberg. Vugar holds master's degrees from Harvard University and the University of Oxford.

OKX Wallet launches Cryptopedia Solana Special Issue, enabling convenient interaction with popular DApps

According to the official announcement, OKX has officially launched the OKX Cryptopedia Solana Special Event, which aims to help users interact more conveniently by providing the latest market information and popular DApps. This issue covers four major DApps: MarginFi, Jupiter, Kamino Finance, and Meteora, and provides interaction suggestions without any task verification. Users with OKX APP version 6.41.0 and above can participate by switching to the Web3 wallet and clicking on Cryptopedia in the Discovery section.

Bitget announced the launch of AVAV.

Bitget announced that it will list AVAV (AVAV) on the Innovation Zone and the Inscription Zone. The deposit and trading channels will be opened after liquidity evaluation.

Bitget has launched a new round of Builders recruitment program, empowering eight rights.

Bitget announced the launch of a new Builders recruitment program. Selected candidates will receive eight rights and benefits, including project rewards, quarterly rewards, event rewards, exclusive honors, etc. The recruitment period is from January 08, 2024 to March 31, 2024.

OKX will support Optimism mainnet upgradeAccording to an official announcement, OKX will support the mainnet upgrade of the Optimism network. It is expected that the OP network will undergo a network upgrade and hard fork at 1:00 am (UTC+8) on January 12, 2024. At that time, OKX will suspend the deposit and withdrawal of OP tokens and related tokens in the network at 11:00 pm (UTC+8) on January 11, 2024. After the OP network upgrade, OKX will reopen the deposit and withdrawal of OP tokens and related tokens when the network is stable.

Bitget Report: Female-led blockchain startups received only 6.34% of total funding in the past two years

Bitget has released its latest research report. The report analyzes the latest trends and gender differences in the financing field of blockchain startups. The research aims to address the gender inequality issues currently present in the industry and explore possible solutions.

Binance has launched USDC perpetual contracts, with up to 170,000 USDC rewards for trading

According to official sources, Binance has announced the launch of BTCUSDC, ETHUSDC, BNBUSDC, SOLUSDC, and XRPUSDC perpetual contracts denominated in U.S. dollars. The maximum leverage can reach 125 times. Binance Futures will offer a 10% trading fee discount for all USDC-denominated contracts until 8:30 PM on April 3, 2024 (GMT+8).

Viewpoint Data

The TVL of Ethereum Layer2 has exceeded 22 billion US dollars, with a 7-day increase of 10.86%.

According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 is currently 22.34 billion USD, with a 7-day increase of 10.86%. The top five locked values are:

Arbitrum One (USD 11.01 billion, 7-day increase of 10.49%).

OP Mainnet (USD 6.42 billion, 7-day increase of 11.64%);

Manta Pacific (USD 807 million, 7-day increase of 22.98%);

Metis Andromeda (US$781 million, 14.08% increase on the 7th day);

Base (US$774 million, 5.95% increase in 7 days).

Data: Blast TVL breaks $1.3 billion

According to DeBank data, the total value of assets held by the contract address of Blast, a Layer 2 network launched by Pacman, the founder of Blur, exceeds 1.317 billion US dollars, including approximately 1.2 billion US dollars worth of ETH deposited into the Lido protocol and over 120 million DAI deposited into the Maker protocol.

Data: Manta Pacific's total lock-up amount has exceeded $850 million, setting a new historical high

L2beat data shows that the total value locked (TVL) of Layer2 network Manta Pacific has reached $851 million, with a growth rate of 27.4% in the past seven days, setting a new historical high.

Musk: Open to using BTC on Twitter, but not considering it much

After the SEC approved a Bitcoin spot ETF, Musk participated in a Twitter Space hosted by Cathie Wood, CEO of Ark Invest. When answering Cathie Wood's question about "whether to consider incorporating Bitcoin into Twitter's infrastructure," Musk replied that he is open to using BTC on Twitter, but he hasn't thought much about it.

Data: $1.63 billion worth of BTC and $640 million worth of ETH options contracts will expire and settle tomorrow

According to Deribit data, a nominal value of $1.63 billion BTC options will expire and settle tomorrow, with a Put Call Ratio of 0.85 and a maximum pain point of $44,500.

The nominal value of $640 million ETH options will expire and be settled tomorrow, with a Put Call Ratio of 0.51 and a maximum pain point of $2300.

CME "Fed Watch": Probability of Fed Maintaining Interest Rates Unchanged in January is 97.4%

According to the CME "FedWatch" data, the probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in January is 97.4%, while the probability of a 25 basis point rate cut is 2.6%.

Smart Layer: Smart Cats trading volume exceeds 5 million, with 300,000 active addresses on the chain

BlockBeats News, November 7th, Smart Layer stated on social media that within 60 days, Smart Cats NFT has driven the first xNFT game on the Polygon network and achieved many accomplishments, including over 5 million transactions, 300,000 active addresses on-chain (UAWs), and becoming the game and DApp with the most transactions. Smart Cats users have purchased a large number of xNFTs on the Ethereum Virtual Machine (EVM).

Regulatory News

The Governor of the Reserve Bank of India reiterates that cryptocurrencies may pose significant risks to emerging economies.

The Governor of the Reserve Bank of India stated that the bank's stance on cryptocurrency remains unchanged and that cryptocurrency may pose significant risks to emerging economies. The bank plans to expand the use of wholesale central bank digital currencies to areas such as remittances and will explore new areas for pilot projects. The bank is committed to promoting the programmability of central bank digital currencies to enable cash transfers in the retail sector.

The Financial Services Commission of South Korea: Will adhere to regulations restricting financial institutions from issuing cryptocurrency ETFs, unaffected by the US SEC

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