BlockBeats will organize the key industry news content of the week (12.9-12.15) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
On December 15, according to DefiLlama data, Hyperliquid's current TVL reached 3.883 billion US dollars. In addition, the platform has currently entered assets (the platform supports USDC, USDT) reaching 1.928 billion US dollars. In the past 24 hours, the platform's perpetual product trading volume reached 3.682 billion US dollars. In addition, the mainstream tokens in the ecosystem rose generally, with HFUN rising 26.1% in a single day; HYPE rising 25.3% in a single day; and PURR rising 28.5% in a single day. Related reading: "Behind the sky-high market value of $6 billion, Hyperliquid attempts to reconstruct the listing pattern of the crypto industry"
On December 9, Binance, OKX, Coinbase, Bybit, Bitget and Upbit and other trading platforms launched Movement (MOVE). After MOVE went online, the price difference on the chain and major platforms was large, and there were arbitrage opportunities. MOVE on Upbit had a premium of more than 150% compared with mainstream platforms. On the same day, the Movement Foundation announced that MOVE airdrop applications were open.
On December 10, Magic Eden (ME) was launched on Binance, OKX, Coinbase, Bybit, Bitget and Upbit. Magic Eden Wallet announced that the ME airdrop application will be open at 22:00 on December 10, Beijing time. The ME Foundation issued a statement that the airdrop must be claimed in the Magic Eden mobile APP, and the linked wallet will be closed on February 1, 2025. After the application started, it was criticized by many users. The community responded that the token claiming process was too complicated, and there were problems with the Magic Eden mobile application. The airdrop claiming page crashed several times, causing a large number of users to be unable to claim tokens in time.
On December 11, according to voting results, Microsoft's major shareholders opposed the company's Bitcoin investment proposal on Tuesday. Microsoft's board of directors had earlier urged shareholders to reject a proposal from the National Center for Public Policy Research that the company invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech trying to convince Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
On December 11, according to official news, Binance Labs announced an investment in Quine Co., the core contributor behind Perena, the first stablecoin infrastructure protocol on Solana. Perena's mission is to create a more decentralized, efficient and accessible financial system by combining the advantages of DeFi innovation with traditional financial principles. Related reading: 《Interpreting Binance's latest investment project Perena, how to participate now?》
This week, the prices of AI concept meme coins generally rose. On December 11, FARTCOIN rose 36.1% in 24 hours; ZEREBRO rose 29.7% in 24 hours; AIXBT rose 23.4% in 24 hours. On December 12, according to market data, the market value of Solana's on-chain AI-driven VC DAO token ai16z exceeded US$900 million. On December 14, ELIZA rose 66.63% in 24 hours, and its market value exceeded US$120 million. On the same day, the market value of AI Rig C (arc) briefly exceeded 120 million US dollars, with a 24-hour increase of 200%. Related reading: "If you missed Nvidia, don't miss Crypto AI again"
On December 13, according to GMGN market data, the Solana ecosystem Meme coin blinkdot (BLINK) launched by the founder of Griffain has a market value of more than 36 million US dollars, a 24-hour increase of 161.5%, and a 24-hour trading volume of 55.4 million US dollars. Griffain is an innovative platform that combines AI agents with blockchain, aiming to redefine the interaction between users and digital assets, symbolizing the integration of AI technology and cryptocurrency. It has demonstrated the potential of future smart contracts and automated transactions by launching 1,000 trainable AI agents, reflecting the market's strong interest and confidence in AI-driven projects. Related reading: "Griffain's 1,000-fold increase has brought fire to the Blinks ecosystem. Will "Blinks+AI" be the next Golden Dog incubator? "
On December 15, ai16z founder Shaw posted that Eliza v0.2.0 (i.e. v2) has entered the development stage. Compared with v1, v2 will bring the following improvements: unified message bus and simplified client, unified proxy wallet, model system adopts registry (Model Provider Registry), extensible and universal core framework, updated community plug-ins; complete 100% test coverage. He added that the alpha version is expected to be launched in 2-3 weeks. The team will continue to advance v1, merge pull requests and close tickets. If users have a poor experience due to some inflexibility in v1, the team will solve this problem in v2. Related reading: "Dialogue with Shaw, founder of ai16z: Trading agent AI Marc has been launched, trying the "trust market" model"
The trading platform DEXX suffered a major security incident on November 16. Hackers exploited the platform's technical vulnerabilities and stole more than 21 million US dollars in user funds. The number of victims was nearly 1,000. On December 12, Roy, the founder of the DEXX platform, said in a recent interview that the suspect in this case has been locked in China, and law enforcement agencies have been involved since the early stages. In order to ensure the smooth progress of the investigation, the official did not disclose details to the public in the early stages of the case, and only released some information on December 6. On December 14, DEXX officials announced that "the latest version of DEXX is now open for compensation. After upgrading to the latest version, you can find the compensation center on your personal page to confirm the damaged tokens." Related reading: "26 days after the theft, the founder of DEXX personally explains the reasons and the latest progress"
On December 10, according to Coinglass data, the entire network had a liquidation of US$1.711 billion in the past 24 hours, and 572,395 people were liquidated, which may set the highest 24-hour liquidation data in this bull market, far exceeding the "312 crash" incident. On March 12, 2020, Bitcoin plummeted 50% that day, and about 100,000 people were liquidated. Related reading: "BTC plunged in the early morning, and the 24-hour liquidation far exceeded "312", how to judge the future market trend? "
On December 10, Binance Customer Support responded to a user's question on the social platform, saying, "The inscription market has been removed, and you are currently unable to buy and sell inscription assets. But you can still view your inscription assets in the inscription center and send them to other wallets."
On December 10, the high-performance Ethereum L2 network Fuel announced the launch of its native token FUEL, and Fuel Genesis is coming soon. FUEL guarantees Fuel's decentralized sorter and eliminates users' gas fees by introducing a new economic incentive structure based on application-specific sorting. FUEL will change the Ignition ecosystem by providing users with a fee-free experience similar to Web2, making blockchain technology accessible to the public. Fuel Ignition is the fastest (>600 TPS) and cheapest (<0.0002 USD per transaction) Optimistic Rollup solution on Ethereum.
On December 13, according to the official announcement, Velodrome Finance (VELODROME) was listed on Binance at 22:00 (UTC+8) on December 13, 2024, Beijing time, and opened trading of VELODROME/USDT spot trading pairs. Influenced by this news, the market value of VELODROME exceeded US$300 million, a record high, and the 24-hour increase reached 126%.
On December 9, according to CoinGecko data, Pudgy Penguins' market value reached US$774 million, surpassing BAYC to become the second largest NFT project by market value. On December 15, Pudgy Penguins' floor price exceeded 29 ETH, and both the coin standard and the US dollar standard continued to hit record highs.
On December 11, according to official news, Coinbase added Peanut the Squirrel (PNUT) to its coin listing roadmap.
On December 11, cryptocurrency-focused travel agency Travala announced plans to launch a dedicated Bitcoin reserve to celebrate the platform's annual gross revenue exceeding $100 million. Travala also launched a new "Treasury Reserve Program" for Bitcoin and Travala's native token Ava (AVA) to strengthen its financial foundation and accelerate future growth. The company's Bitcoin and AVA financial reserve plans will provide the company with additional financial resources in the future to achieve other long-term goals. On December 13, Binance founder CZ posted a message saying, "We invested in the cryptocurrency travel platform Travala before the COVID-19 pandemic and before the cryptocurrency winter, and we persisted." It is reported that Travala's annual revenue has reached $100 million. Related reading: Who missed the wealth code again? Web3 "Ctrip" Travala, which was supported by CZ, rose more than three times
On December 14, according to the official announcement, Nasdaq (Nasdaq: NDAQ) announced today the results of the annual reorganization of the Nasdaq 100 Index® (Nasdaq: NDX®), which will take effect before the opening of the market on Monday, December 23, 2024. MicroStrategy Incorporated (Nasdaq stock code: MSTR) will be included in the Nasdaq 100 Index.
On December 11, the annual rate of US unadjusted CPI in November rebounded further, rising to 2.7% for the second consecutive month, in line with market expectations, and rose to a four-month high. Affected by the release of US CPI data in line with expectations, the overall crypto market rebounded and rose.
On December 11, according to market news, the CEO of Goldman Sachs said that if regulators allow, "will evaluate" participating in the Bitcoin or Ethereum market.
On December 12, community users reported that some mainland China users recently received promotional advertisements for cryptocurrency funds on the Alipay Fund homepage, with the content “Global Investment, Cryptocurrency Soaring, 10 Yuan Starting Investment, Get on Board Now”. After verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), a model of compliant investment in overseas assets, indirectly holding Coinbase stocks and ARK Invest Bitcoin Spot ETF. Currently, each person is limited to purchase 1,000 yuan per day. On the same day, Alipay officially refuted the rumor that “Alipay supports the purchase of cryptocurrency” is false.
On December 10, according to the Procuratorate Daily, three "post-95" guys used virtual currency transactions as a medium to engage in the "business" of buying and selling foreign exchange through the virtual currency trading platform Binance. In just a few months, they completed more than 650 transactions and exchanged nearly 30 million yuan in foreign exchange. After the Jianhu County Procuratorate filed a public prosecution, Lin and three others were recently sentenced to fixed-term imprisonment of five years to one year and six months for illegal business operations, and each was fined.
《720th day in prison, SBF misses his little bear pillow》
SBF, the founder of FTX, has been in prison for two years and lives in the MDC prison in Brooklyn, New York. His diary is full of cold descriptions of the prison environment and nostalgia for his past life. He used the analogy of his cellmates and chimpanzees to record the drug problems and human struggles in prison, while missing his little bear pillow Manfred as spiritual comfort. Although he may receive a high advance for publishing his memoirs, these proceeds are destined to be used to compensate the victims. His arrogance and conceit have not diminished in prison, and he still shows the sharp thinking of a trader. The outside world still has mixed feelings about his former glory. Some people regret that his fall has severely frustrated the liquidity of the crypto industry and stagnated market innovation. In contrast to him, CZ is tenacious and positive, demonstrating a different attitude towards life and a way of dealing with difficulties.
《26 days after the theft, DEXX founder tells the reasons and latest progress》
On November 16, the DEXX trading platform was hacked and stole more than 21 million US dollars due to technical loopholes, and nearly 1,000 users were victimized. The incident caused heavy losses to users and triggered a crisis of trust. Roy, the founder of the platform, admitted that management errors led to the leakage of private keys, emphasized non-subjective behavior, and detailed compensation plans and improvement measures, including confirmation of debts, phased compensation, comprehensive security upgrades, and brand trust reconstruction. The handling of the incident was limited by law enforcement investigations and institutional negotiations, and poor communication caused user dissatisfaction. Roy said that in the future, through transparent compensation plans, fair user management and technical guarantees, efforts will be made to rebuild user trust and platform reputation.
After nearly half a year of downturn, the market finally ushered in the arrival of the altcoin season. According to statistics, among the 388 crypto assets traded on Binance, 299 have increased by more than 50% in the past 30 days, 98 have increased by more than 100%, and only 10 targets have no increase. In the general rise mode, how investors can choose altcoins that can outperform the market has become a science. In this round of bull market, Grayscale Fund and Coinbase's Coin50 Index performed well, and almost all targets outperformed the average market increase. In addition, the multi-field trusts covered by Grayscale Fund, such as decentralized AI funds, DeFi funds, etc., also show strong reference value. As the crypto market matures further, more ETF products focusing on different tracks are expected to emerge in the future.
《Bitcoin ecosystem is mediocre, how do veteran players view the ecosystem's future? 》
This year, the Bitcoin ecosystem has undergone significant changes, from the inscription craze to the development of protocols such as runes and BRC-20, but the overall performance is still relatively quiet. Although the price of Bitcoin has broken through the historical high and the price has exceeded six figures in US dollars, the market value of runes and token protocols such as BRC-20 in the ecosystem has increased only slightly, CEX is not enthusiastic about listing runes, and market funds tend to be more active on-chain ecosystems. This phenomenon reflects that the Bitcoin ecosystem is still facing challenges and needs deeper community building and innovative narratives to attract more investment and user participation.
《Interpreting Binance's latest investment project Perena, how to participate now? 》
On December 11, Binance Labs announced an investment in Quine Co., the core development team of Perena. As a multi-asset stablecoin exchange platform, Perena is committed to solving the fragmentation and liquidity isolation problems in the stablecoin market. By introducing the USD* system based on the Solana ecosystem, it optimizes stablecoin trading and capital efficiency. In addition, its team is strong, has reached cooperation with multiple DeFi protocols, and has completed millions of dollars in financing. Despite its broad prospects, it still needs further verification and development in terms of on-chain applications and market demand.
The cryptocurrency market experienced significant growth in 2024, with Bitcoin, Ethereum, and Solana hitting record highs, and Bitcoin trading prices exceeding $100,000. In addition, the US election saw a turnaround in cryptocurrency policy, and it is expected that there will be larger institutional investment and regulatory support in 2025, and the future prospects of the crypto market are very bright. Bitwise predicts that Bitcoin, Ethereum, and Solana will hit record highs in 2025, Bitcoin will trade at more than $200,000, and the stablecoin and real-world asset (RWA) tokenization markets will continue to grow.
On-chain data shows that the signal of phased trend attenuation appears for the first time, indicating that the BTC market has entered a period of adjustment. After reaching a record high in March 2024, it experienced a 7-month oscillating downward trend until the last test of the 60,000 USD integer mark on October 10, when a trend reversal occurred, ushering in a new round of rising prices. During the downward period, long-term holders accelerated distribution, huge profits left the market, and the peak of profit realization gradually declined. Capital inflows began to slow down, and new demand also subsided, indicating that market momentum weakened. Although it may rise again in the short term, the overall trend tends to decay, and it is necessary to pay attention to changes in market sentiment and capital inflows to adjust investment strategies.
《Google's quantum chip Willow is coming out. Will it pose a threat to Bitcoin? 》
Google's launch of the quantum chip "Willow" has sparked heated discussions on encryption security. The chip has made important breakthroughs in quantum error correction and computing performance, but at this stage its 105 quantum bits are far from enough to threaten the security of cryptocurrencies such as Bitcoin. Experts believe that millions of quantum bits are needed to crack Bitcoin. The current blockchain system has a certain degree of quantum resistance, and in the future, technology upgrades can be used to deal with quantum threats. However, early Bitcoin addresses and Satoshi Nakamoto's 1 million Bitcoins may be at risk due to the exposure of public keys. Although the threat of quantum computing has not yet become a reality, all parties in the industry recommend taking preventive measures as soon as possible to promote the development of anti-quantum encryption technology.
《Ethereum in the bull market: an undervalued blue chip, or a giant that is gradually losing speed? 》
As the bull market turns to the altcoin season, Ethereum's performance is slightly weak, with a much lower increase than Bitcoin and emerging public chains. On-chain data shows that Ethereum's transaction volume, gas fees and active address numbers have almost stagnated in a year, and users have gradually flowed to Layer2 and other public chains. Although the main network is still the first choice for capital precipitation, TVL and market value remain high. However, Uniswap may migrate to a self-built chain, which poses a threat to Ethereum's activity and economic model. Overall, the Ethereum mainnet is transforming from a retail ecosystem to a capital security pool, and liquidity and security have become its main competitive advantages.
《Behind the surge in RIF and URO, the rise of the three major engines of Molecule? 》
In just a few days, the market value of RIF and URO experienced a thousand-fold increase, and then entered a correction and adjustment phase. Molecule promotes the democratization and on-chain funding of scientific research through its core platforms Catalyst, Bio Protocol and pump.science, aiming to improve scientific collaboration and efficiency. In addition, BIO Protocol supports tokenized biotechnology projects and IP at the decentralized financial level in the field of biotechnology, providing innovative support and reward mechanisms for scientific research.
《From ICO to aICO, how to understand the new financing model that replaces trust with technology? 》
The reasons for the failure of most ICOs and Launchpads are mainly attributed to speculative crazes, greed-driven pursuit of short-term returns, inflated promises and malicious scams. In addition, human-led projects are often prone to mismanagement and fraud due to problems such as emotions, privacy motivations and opaque decision-making. Through AI-driven aICO, a transparent, efficient and trustless fundraising model can be achieved, eliminating the risk of human intervention and fraud, and promoting long-term sustainable development.
《A 10,000-word article analyzing "debanking": the triple game of compliance, risk and politics》
Recently, the famous venture capitalist Marc Andreessen sparked a discussion about "debanking" in a podcast with co-founder Ben Horowitz and when participating in the Joe Rogan podcast. The venture capital company a16z founded by them also released a briefing to explore this topic. The core point of the briefing is: "Debanking can therefore be used as a tool or weapon, systematically used by specific political actors/institutions to target private individuals or industries without due process. Imagine if the government decided who can or cannot use electricity simply because of someone's political stance or some arbitrary reason - without explanation, notification or opportunity for appeal. This is what is happening with debanking."
In the interview, Roger Ver shared his political persecution by the US government for participating in cryptocurrency activities. He also mentioned that the truth that the discussion platform of the early Bitcoin community was censored and the voices supporting Bitcoin payment were suppressed revealed the dark history of how the government and intelligence agencies have hindered and changed the development of Bitcoin in the past decade. Bitcoin originally carried the ideal of decentralization and free payment, but this whole process distorted the essence of Bitcoin and may make it a new financial control tool.
《The Wild Evolution of Uniswap: From Protocol to Chain, Can Unichain Reshape the DeFi Landscape? 》
Uniswap's launch of Unichain based on OP Stack marks the transition from a single protocol to a chain-level platform, dedicated to solving performance bottlenecks, improving transaction efficiency and optimizing multi-chain interoperability. Through technological innovations such as Rollup-Boost, Trusted Execution Environment (TEE), Flashblock, and ERC-7802 cross-chain standards, Unichain has not only injected new impetus into the DeFi market, but also laid the foundation for the long-term sustainable development of the Uniswap ecosystem.
《Don't miss Crypto AI if you missed NVIDIA》
Crypto AI is in its early stages, integrating artificial intelligence and decentralized technology, and has huge growth potential. As global big tech companies rush to seize the general artificial intelligence market, Crypto AI has shown significant advantages in core areas such as model training, data networks, verification AI, and on-chain agents. Although the technology is still developing, this field is gradually becoming a new investment opportunity and innovation center. Like NVIDIA in its early days, Crypto AI will be so obvious when looking back in the future.
This dialogue is about the US economy, investment, cryptocurrency and future technology. The focus of the discussion includes the flexibility of American capitalism, entrepreneurship, the potential of cryptocurrency and the future of investment. In particular, the guests talked about their views on cryptocurrency, and despite missing the investment opportunity, they still have reservations about its future. Wealth growth, technological innovation, economic differences between Europe and the United States, and future market trends were also discussed.
《Y Combinator: 10 innovative directions worth exploring in the field of AI》
The current era of construction is full of opportunities due to technological progress and the application of artificial intelligence, especially in government software, public safety, manufacturing, stablecoins, chip design, fintech and other fields. AI not only improves efficiency, but also promotes innovation, especially in government automation, public safety technology and manufacturing reshoring. It has great potential. As technology continues to develop, startups have the opportunity to use new tools such as AI to break down barriers in traditional industries and create new solutions that benefit society. At the same time, with the rise of AI-assisted engineering tools, traditional engineering design and the way physical systems are built are also changing, providing entrepreneurs with more opportunities and challenges.
《What is the difference between meme and AI Agent: The new incarnation of the attention economy》
This article discusses the similarities and differences between meme coins and AI agent tokens. They both drive value with attention, but meme coins can be hyped, while AI agent tokens need continuous updates and actual utility to stand out from the competition. At the same time, it analyzes the current investment trends and suggestions for AI agent tokens.
《Overview of ZK Ecosystem Applications on Farcaster》
The article explores the role of pseudonyms in promoting the spread of ideas, protecting privacy, and promoting social interaction. From historical figures such as Voltaire to modern anonymous technology applications such as WikiLeaks and anonymous projects on the blockchain, pseudonyms provide individuals with space to express their opinions without retaliation. Zero-knowledge proof technology has also become a key tool for protecting privacy, allowing the authenticity of information to be verified without revealing personal information. With the rise of decentralized protocol-based applications such as Sealcaster and superanon, the role of anonymity in social networks is constantly being redefined, which provides new possibilities for future digital identities and social models.
《Larry is Farcaster's silver shovel? 》
Larry is an emerging asset issuance platform that uses an internal and external pool mechanism similar to Pumpfun for asset issuance, but its threshold is high and it is difficult for ordinary retail investors to participate. Unlike Clanker, the Larry team pays more attention to product and mechanism design, but is relatively weak in brand operation and community building, resulting in its token market value far behind Clanker. Although there were software vulnerabilities and internal operation problems in the early stage, which caused the token price to fluctuate violently, the team continued to optimize and fix these problems. At present, Larry's development still faces market competition and technical challenges, and the community's evaluation of it is relatively contradictory.
《How to create a successful AI agent data? 》
This article shares tools and methods that can help improve the performance of AI agents, with a focus on data collection and cleaning. A variety of no-code tools are recommended, such as tools for converting websites into LLM-friendly formats, and tools for Twitter data scraping and document summarization. Storage tips are also introduced, emphasizing that the organization of data is more important than complex architecture. With these tools, users can efficiently organize data and provide high-quality input for the training of AI agents.
《A review of Farcaster's AI Agent token launcher》
Farcaster is a decentralized social platform that, despite its distributed infrastructure, still maintains a certain degree of centralization due to the control of the founders and core developers. The platform's early experiments in tokenization, such as POINTS, TNX100, and DEGEN, have achieved varying degrees of success and failure, driving community development and liquidity innovation. Although token issuance has solved the liquidity problem through NFT, liquidity mining and crowdfunding, it also faces problems such as "pump and dump" phenomenon and sniper robots. To meet these challenges, some developers have designed new token issuance mechanisms, such as LarryBot and Onsenbot, to improve the fairness and transparency of issuance. Farcaster's tokenization experiment reflects the complexity of decentralized social networks and token economies, as well as the continuous evolution of related incentive mechanisms.
《Decoding the Altcoin Season: 6 Position Building Strategies to Win》
The market is entering the second phase of the altcoin cycle. After Bitcoin broke through its all-time high, funds gradually flowed to large-cap altcoins and may eventually flow into small and medium-cap coins. Altcoins are expected to rise. At this stage, investors should avoid chasing the rise, but instead build positions in batches when the market pulls back, avoiding excessive use of leverage and taking too much risk. Investors should also remain patient, focus on the long-term market structure, set stop-loss points reasonably, and operate flexibly according to market fluctuations, especially during shocks or pullbacks.
In November 2024, venture capital activities in the Web3 field were relatively flat compared to other industries. Although the overall financing amount was US$2.1 billion, the number of transactions was about half of the previous month, indicating a sluggish financing activity at the end of the year. The volatility of the cryptocurrency market has not had a direct impact on the financing of early-stage startups, and the situation is not expected to improve significantly by the end of the year. Overall, the Web3 market still faces significant liquidity challenges, but some companies have obtained considerable financing support thanks to technological breakthroughs.
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