Selected News:

Jupiter Ventures: The JUP token will be launched on January 31st, and a meme coin will be released next week.MANTA token economics announced, with New Paradigm accounting for 6.5% of the total distribution.

Circle CEO: It is very likely that the United States will introduce laws and regulations targeting stablecoin issuers this year.

The US SEC has agreed to Do Kwon's request and will begin the trial after he is extradited to the United States.

Insider: Solana Mobile plans to launch its second smartphone.

Price Observation

"Pudgy Penguins" floor price breaks through 14 ETH, creating a new historical high

According to the market data from Blur, the floor price of the NFT project "Pudgy Penguins" has reached a historical high of 14 ETH, with a current floor price of 14.318 ETH and a 7-day increase of 30.77%.

OX short-term breakthrough $0.022, 24-hour increase of 36.28%According to market data, the native token OX of the encryption claims and trading platform OPNX has broken through $0.022 in a short time and is now priced at $0.02175, with a 24-hour increase of 36.28%.

Meme token TROLL has risen over 160% in the past 24 hours and is now priced at $0.0(7)889 USD.

According to market data, the Meme token TROLL has risen by 168% in the past 24 hours and is now priced at 0.0(7)889 USD.

BlockBeats Note: The Meme token market fluctuates greatly, please participate in investment rationally.

Transaction Tracking

Pendle ecosystem fund transferred 1.3 million PENDLE to Binance 20 minutes ago.

According to Yu Jin's monitoring, an address labeled "Pendle Finance: Ecosystem Fund" transferred 1.3 million PENDLE tokens (worth approximately $2.19 million) to Binance 20 minutes ago.

It is reported that since receiving 23 million PENDLE tokens on October 8, 2023, the address has transferred a total of 3.5 million tokens to Binance.

The Ethereum Foundation transferred 1333 ETH, possibly for ecological funding

According to @ai_9684xtpa's monitoring, the Ethereum Foundation transferred 1333 ETH worth $3.39 million to 5 addresses half an hour ago, possibly for ecological funding.

Blast ranked fourth in staking, whale deposits 22.15 million USDC to Binance

According to @ai_9684xtpa's monitoring, in the past 11 hours, the fourth-ranked whale in Blast's staking has withdrawn 14 million USDC from Aave and deposited 22.15 million USDC into Binance.

Blast ranked fourth in staking, and a whale invested about $23.95 million to participate in Binance's new coin mining.

According to @ai_9684xtpa's monitoring, the fourth-ranked whale in Blast's staking has invested 56,145 BNB and 8.1 million FDUSD (a total of approximately 23.95 million US dollars) to participate in Binance's new coin mining (MANTA).

@ai_9684xtpa said that one hour ago, the whale borrowed 56,000 BNB from Venus and deposited it into Binance with a health score of 1.5. The whale also transferred 8.1 million USDT to Binance, which is highly likely to be exchanged for FDUSD.

Project Updates

Harmony mistakenly minted 150 million ONE tokens last December due to a protocol vulnerability.

According to a report from Aaron Li, a participant in the Harmony blockchain project ecosystem, in December of last year, Harmony had a vulnerability in its staking contract that resulted in some staking users receiving an extra 150 million ONE tokens, worth approximately $2.2 million.

Aaron Li accused the Harmony team of not responding positively to this vulnerability within 5 days of the report's release, leading to the problem continuing to expand. Eventually, Aaron Li decided to investigate the issue personally and found a temporary solution on December 12th.

On the other hand, Harmony software engineer Casey Gardiner accused Aaron Li of "failing to report the vulnerability in a timely manner" and selling ONE tokens during the vulnerability period. (DL News)

Before launching JUP, the team plans to test the new release platform with two main tests. One of them is the mockJUP (simulated JUP token) test tomorrow, and the other is the meme coin to be released next week.

Insider: Solana Mobile plans to launch its second smartphone

According to sources cited by CoinDesk, Solana Mobile plans to launch its second smartphone, which will have similar basic features as its predecessor Saga: a built-in crypto wallet, customized Android software, and a "dApp store" for encrypted applications - but at a lower price and with different hardware specifications.

ICPSwap announced that it will conduct an ICS token airdrop and has completed some snapshots

DFINITY ecosystem DeFi project ICPSwap announced that it will launch an ICS token airdrop for ICPSwap NFT holders, token traders, NFT traders, and liquidity providers. In addition, multiple project teams that support ICPSwap will also be eligible for the airdrop.

The snapshot of token traders, NFT traders, and liquidity providers has been completed. The specific rules and the list of addresses and project teams eligible for airdrops will be updated soon.

CeFi Information

Coinbase CFO: It is expected that Bitcoin spot ETF will not cause trading fee pressure in the short term

Coinbase Chief Financial Officer (CFO) Alesia Haas stated that the CEX currently provides custody, trading, and financing services for ETF issuers. It is expected that the approval and listing of Bitcoin spot ETF will not cause trading fee pressure on the exchange in the short term, but in the long run, the company may face fee compression.

With the passage of time, ETFs may become more diversified, using multiple custodians, as issuers seek to reduce reliance on a single company, said Alesia Haas, adding that Coinbase is prepared for this possibility. (Bloomberg)

Binance's 44th new coin mining project is now online, using BNB and FDUSD to mine Manta (MANTA).

According to official sources, the 44th phase of Binance's new coin mining project has launched, with BNB and FDUSD being used to mine Manta (MANTA). Users can deposit BNB and FDUSD into the MANTA mining pool on the Launchpad website to receive MANTA rewards starting from 08:00 on January 16, 2024 (GMT+8). The mining period for MANTA is 2 days. The website is expected to be updated within approximately five hours of this announcement before the mining activity opens.

Binance will list Manta (MANTA) on January 18, 2024 at 18:00 (GMT+8) and open MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD, and MANTA/TRY trading markets, applying seed tag trading rules.

Previously, users who received MA tokens on the Binance platform (e.g. https://www.binance.com/zh-CN/dotslot) will have their MA tokens automatically exchanged for MANTA tokens at a 1:1 ratio by Binance.

Viewpoint Data

Data: Last week, approximately $1.6 billion worth of staked ETH was redeemed, the largest scale since the Shanghai upgrade.

According to the data released by Tom Wan, an on-chain data and research analyst at 21.co, last week saw the largest scale of ETH redemption since the Shanghai upgrade, with 656,200 ETH (approximately $1.6 billion) redeemed in total. 85% of the redemption was led by Figment and Celsius.

Metis total lock-up amount reached 1 billion US dollars, creating a new historical high.

The total lock-up amount of Metis, an Ethereum Layer 2 network, has reached 1 billion US dollars, with a growth rate of 51.93% in the past seven days, reaching a historical high and ranking third in the Ethereum L2 lock-up amount, only after Arbitrum One (11 billion US dollars) and OP Mainnet (6.06 billion US dollars).

Manta Pacific TVL surpassed 840 million US dollars, with a 7-day increase of 11.21%.

According to L2beat data, Manta Pacific TVL increased by 11.21% in the past 7 days, with a current total value locked of 841 million USD, ranking fourth on the Layer2 TVL leaderboard.

CME "Fed Watch": Probability of Fed Maintaining Interest Rates Unchanged in February is 95.3%

According to the CME "FedWatch" data, the probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in February is 95.3%, while the probability of a 25 basis point rate cut is 4.7%.

Moody's: Tokenized funds are becoming increasingly popular, demonstrating "untapped market potential"

According to The Block, rating agency Moody's has stated that blockchain-based tokenized funds are becoming increasingly popular, improving the efficiency of investing in assets such as official bond issuances, and demonstrating "untapped market potential."

Moody's analysts stated in a report that tokenized funds may introduce technology-related risks, which requires fund managers to possess a more diverse range of technical expertise.

Financing Express

再质押协议 Renzo 完成 300 万美元种子轮融资，Maven11 领投，SevenX Ventures 等参投

Translation:

Renzo, a re-staking protocol, has completed a $3 million seed round of financing, led by Maven11 with participation from SevenX Ventures and others.

According to The Block, Renzo, a liquidity re-staking protocol in the Eigenlayer ecosystem, announced the completion of a $3 million seed round of financing. The round was led by Maven11, with participation from SevenX Ventures, Figment Capital, IOSG, and others.

According to reports, Renzo's core is ezETH, which is a Liquid Restaking Token (LRT). Users can mint this token by depositing Ethereum or LST into Renzo. ezETH can be further used in other DeFi protocols to gain compound returns. Renzo abstracts all the complexity for end-users, allowing them to participate in the Eigenlayer ecosystem's restaking with low barriers to entry.

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