Surinamese presidential candidate Maya Parbhoe has promised to make Bitcoin a fiat currency if elected
According to Cointelegraph, Suriname, the South American presidential candidate Maya Parbhoe, said he made bitcoin a legal tender currency once he took office. In the first year, she plans to gradually replace the Suriname dollar with satoshi (the smallest unit of bitcoin) and ensure that all salaries are paid at BTC, aiming to build a bitcoin country more deeply rooted in cryptocurrency than El Salvador.Maya Parbhoe Follow-up plans also include dissolving the central bank, cutting taxes, privatized public services, issuing national bitcoin bonds and promoting widespread deregulation.
The UK's financial regulator plans to establish a cryptocurrency system in 2026
According to CoinDesk, the UK financial regulator, the Financial Conduct Authority, has said it hopes to implement a cryptocurrency system by 2026 to cope with the growing ownership of cryptocurrencies in the country. A roadmap released by the Financial Conduct Authority (FCA) says it plans to release discussion documents on market abuse and disclosure by the end of the year. It intends to release documents on stablecoins, trading platforms, pledge, prudent cryptocurrency exposure, and lending by early next year. The system is scheduled to take effect after the final policy statement in 2026. A study commissioned by the FCA shows that holdings of crypto assets have risen by 4% in the past two years, with about 7 million adults in the country's approximately 68 million population. It was previously announced yesterday that the UK will announce the regulatory rules for cryptocurrencies and stablecoin in early 2025.
AXIOS: Trump is considering appointing an artificial intelligence minister
According to AXIOS, Trump is considering appointing an AI minister to coordinate federal policy and the government's use of emerging technologies.
President-elect Donald Trump is considering appointing an artificial intelligence chief in the White House to coordinate federal policy and government use of emerging technologies, Trump transition team sources said. Sources say Elon Musk will not hold the post, but he is expected to be closely involved in future debates and use cases. The position will be responsible for pooling both public and private resources to keep the United States at the forefront of artificial intelligence. The federal government has a huge demand for AI technology, and the director may work with chief AI officers at various agencies (who were created in President Biden's AI executive order and may be lucky to stay after Trump takes office).
Project dynamics
Binance will remove GFT, IRIS, KEY, OAX, and REN
According to the official announcement, Binance has decided to stop trading at 11:00 on December 10,2024 (East 8 Region time) and remove the following currencies: Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN). Binance stressed that Binance will regularly review the online digital assets to ensure a high level of currency quality. When contemporary coins no longer meet the upper coin standard or there are significant changes in the industry environment, a deep project audit will be conducted, and they may be removed from the shelves.
Binance HODLer Airdrop online Phase II project Thena (THE)
According to the official announcement, Binance HODLer has now launched its phase 2 project-Thena (THE), based on BNB Chain and opBNB and a network to provide liquidity. During the period from 08:00 on November 06,2024 to 07:59 on November 14,2024 (East 8 District time), users who use BNB to apply for regular and / or demand products will receive air drop allocation. THE HODLer The airdrop page is expected to be available within 12 hours, and the new tokens will be distributed to users' spot wallets one hour before the transaction begins. Binance will list Thena (THE) at 18:00 on November 27,2024 (East Eighth District time), and open THE / BTC, THE / USDT, THE / BNB, THE / FDUSD and THE / TRY transaction pairs. Applicable seed label trading rules.
Later in the news, THE rose more than 430% in one hour, or driven by the Binance announcement.
Zhao Changpeng: I am not against Meme coins, but I hope that blockchain technology will be used to build practical applications
Zhao Changpeng, former CEO of Binance, posted on X: " I don't against Meme, but Meme is becoming' a little strange'now. Let's use blockchain technology to build practical applications.”
The Peanut owner launched the new token "JUSTICE" and threatened to file a lawsuit against the crypto community
According to Decrypt, Mark Longo, the owner of Peanut and Fred, told how he handled Peanut and Fred in a Twitter video, and decided to launch a new coin called "Justice for Pnut and Fred" (JUSTICE) on the Solana blockchain in honor of his pet. Longo said: " The government will not get away from it. Justice will be done, not only for Peanut and Fred... and we will show the world that crossing boundaries is unacceptable." He also accused the crypto community of profiting from his personal trauma. Longo insists: " The cryptocurrency world has taken advantage of my tragedy and reaped all possible benefits. "He described it as" one of the most painful things " of his life. He said: " People want to make money from this matter." Longo continues to announce that he will launch new tokens after condemning the cryptocurrency community for allegedly benefiting from the incident. Longo said: " This is the only token that I will always be associated with." PNUT community members retorted that they had donated about $50,000 to Longo, but that Longo immediately sold it. On the basis of Solscan, at the time of writing, JUSTICE had a market value of about $42.1 million and had more than 1. [] 580,000 holders, and the token was cast using the Pump. [] fun platform.
Later, the 80% supply of the JUSTICE token is suspected to be controlled by an internal team.
Founder of ai16z: He is discussing with a16z to form a physical organization, and will launch the ai16z DAO autonomous trading function next week
Encryption KOL Mark summarizes the updated project information of ai16z founder Shaw on the X platform. These include: plans to launch ai16z Dao autonomous trading functions next week, And promised not to tweet until everything is done; A certain line of CEX wants to launch ai16z, But ai16z is needed to establish a legal entity first; Talking with the actual A 16 z, Discuss launching DUNA (a decentralized non-corporate nonprofit organization: a legal DAO formation in Wyoming); Negotinegotiating potential cooperation with Ethereum Foundation, Magic Eden, Jupiter and other companies; The Ai16z Open Committee will be established together with Nous Research (a top open source AI company) and Loot Realms.
Farcaster Founder: Frames v2 will be fully launched in early 2025
According to Cointelegraph, Dan Romero, founder of the decentralized Web3 social protocol Farcaster, detailed the Frames update, which boosted the number of protocol users by 400 percent in a week.Romero In the Frames v2 specification on X, " The new Frame standard will support interactive applications, on-chain transactions, and user notifications, which will drive the emergence of many new social applications. "In addition, Romero, in another post linked to the Frames v2 developer preview, said:" We use Mobile Wallet Protocol and Rainbow to significantly improve the reliability and speed of traded and signed messages on mobile devices."Romero The new Frames specification will be available on the web and mobile devices on November 27, and a more versatile update on December 6. According to the full specification on GitHub, the full stable version is expected to be released in January or February next year.
MicroStrategy Buy 55,500 bitcoins last week, with a total value of $5.4 billion
According to MicroStrategy's latest 8-K filing, the company purchased 55,500 Bitcoins between November 18 and 24,2024, with a total value of about $5.4 billion and an average price of $97,862 per coin. The purchase uses the proceeds from the issuance of the convertible bonds and the sale of the shares. As of November 24, MicroStrategy held 386,700 Bitcoins, with a total purchase cost of approximately $21.9 billion and an average cost of $56,761 per coin. The quarterly yield on bitcoin holdings reached 35. 2%, compared with an annual return of 59. 3%.
Video-sharing platform Rumble has announced its bitcoin financial strategy, including the purchase of $20 million in bitcoin
Video sharing platform and cloud service provider Rumble (NASDAQ: RUM), a cloud service provider, announced that its board has approved a company's financial diversification strategy to allocate some of the company's excess cash reserves to bitcoin, according to official sources.Rumble's bitcoin allocation strategy will include buying up to $20 million in bitcoin at the company's discretion. According to the allocation strategy, the actual timing and value of bitcoin purchases will be at the discretion of management and will depend on a variety of factors, including but not limited to general market and business conditions, bitcoin transaction prices, and Rumble's expected cash requirements. The allocation strategy may be suspended, aborted, or modified at any time for any reason. Rumble Chairman and CEO Chris Pavlovski said, " We believe the world is still in the early stages of bitcoin adoption, and its adoption has accelerated recently with the selection of cryptocurrency-friendly presidential governments and institutional adoption in the US. Unlike any government-issued currency, Bitcoin is not diluted by endless money printing, making it a valuable inflation hedge and a great addition to our coffers.”
Fox Business Reporter: WisdomTree registers with XRP ETF in Delaware
Fox Business Reporter Eleanor Terrett posted on platform X that the global ETF provider WisdomTree has registered an XRP ETF in Delaware, and she has confirmed to the company that this is a legal application. It is worth noting that WisdomTree currently has more than $100 billion in assets under management.
Semler Scientific Purchase of 297 bitcoins, with a total position of 1,570
Semler Scientific Purchase 297 bitcoins between November 18 and 22, at a total cost of about $29.1 million and an average price of $97,995 per coin. As of November 22, the company has held 1,570 Bitcoins, with a total investment of about 1. $17.8 billion, and an average purchase cost of $75,039 per coin. In addition, Semler Scientific announced its quarterly bitcoin yield (BTC Yield) of 37. 4% and its year-to-date yield of 58. [] 4%. The company said that Bitcoin has been accepted as a major financial reserve asset and has achieved asset appreciation through its fund management strategy.
Robinhood US The WIF tokens are available online
According to Aggr News, WIF tokens have been officially launched on the Robinhood US platform.
Telegram The auction platform Fragment introduces mandatory KYC and uses Sumsub's third-party authentication service
According to the Telegram Info (@tginfo) announcement, Telegram dedicated auction platform Fragment has begun to enforce the real-name authentication (KYC) program, requiring users to authenticate to buy services such as "star coin", Telegram Premium or anonymous number. The verification process is provided by a third-party service, Sumsub, which requires users to submit email, phone numbers, scanned ID documents and facial photos. Users can view the authentication status of their Telegram account and TON wallet on the Fragment profile page, and the purchase of Telegram Premium and star coins through @PremiumBot or app store is not affected. The decentralized market (such as Getgems. [] io) still supports the purchase of anonymous numbers and user names without KYC, but it is uncertain whether these NFTs will be used in Telegram for the long term.Telegram There was no official response to the change.
Avalanche Announced the Avalanche9000 Test online and launched a $40 million retroactive award
Avalanche Announced the launch of the Avalanche9000 test network and launched a retroactive reward program called Retro9000, with a total amount of $40 million, including $2 million in recommended rewards. The program will specifically reward developers who develop the L1 blockchain and related key development tools on the Avalanche9000 Test network. Avalanche9000 Includes Etna upgrades, ACP-77, ACP-125, reducing deployment costs by 99. [] 9%, simplifying customization and enhancing maintenance performance. At present, more than 500 L1 projects have been developed on the test network and the main network, involving community games, small business payment solutions and institutional research.
The value of Telegram's digital assets increased to $1.3 billion in the first half of 2024
According to unaudited financial statements, Telegram reported a huge increase in the value of its digital assets in the first half of 2024, rising to $1.3 billion from nearly $400 million at the end of last year, according to the Financial Times report. The documents show that this growth, combined with its proceeds from the sale of Toncoin, a cryptocurrency close to it, and another Toncoin-related transaction, gave the Dubai-based company a financial cushion after its founder Durov suffered legal trouble; Durov remains on bail in France. According to its financial statements, Telegram generated $5 $2.5 billion in revenue in the six months to the end of June, up 190% from the same period in 2023. According to the filing, nearly half of the revenue ($2 $2. 5 billion) came from a one-time deal with an unnamed company. Under the terms of the deal, Telegram allows the cryptocurrency Toncoin to become the only way for small businesses to buy ads on the app in return for "reward". The document said the exclusive agreement was terminated on October 1.Telegram Said in the disclosure that it "holds substantial Toncoin and faces the risk of changes in the market value of the Toncoin," and acknowledged that its price has been volatile since Durov was detained. From the first half of the year to June, the company earned $3 [] 5.3 billion from the sale of digital assets, and then sold another $3 4.8 billion in Toncoin. The company also achieved an after-tax profit of 3 $3. 5 billion in the first half of this year. These numbers far exceed the $3 4.2 billion revenue and $1 7.3 billion loss for 2023, suggesting that Telegram is moving toward its first annual profit before Durov was detained.
Pump. fun will suspend live streaming features to enhance content review
Meme launch Pump. fun announced that it will suspend its live streaming capabilities indefinitely until the content review infrastructure can cope with the increased activity. Pump. fun said that in the future, guidelines will be published to improve the transparency of the rules and provide creators and users with clearer information on audit decisions.
investment and financing
BNB Chain Ecological remortgage infrastructure Kernel has completed a total of us $10 million in financing, with investors including Binance Labs
According to the official sources, BNB Chain Ecological remortgage infrastructure Kernel announced it has raised a total of $10 million in multiple rounds of funding, The investors include the Binance Labs, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. According to the introduction, Kernel is a core repledge infrastructure project focused on BNB Chain. Kernel is about to launch the main network, and will introduce KERNEL tokens to unify the governance and incentives of Kelp, Kernel and Gain, reward early supporters and promote ecosystem development.
Earlier, Binance Labs announced an investment in BNB Chain remortgage infrastructure Kernel.
WLFI, the Trump family encryption project, received a $30 million investment from Sun Yuchen
According to Bloomberg, Amazon founder Sun Yuchen has invested $30 million in President-elect Trump's DeFi project World Liberty Financial (WLFI), leaving the company as the largest investor in the project, Bloomberg. Sun wrote on X: " The United States is becoming the center of blockchain, and the rise of Bitcoin is thanks to Trump. "A WLFI spokesman said in a statement:" There have been several major purchases in recent weeks and we are confident of our future success. Expected more of these developments in the coming weeks and months.”
Schuman Financial Launch of the euro stablecoin EUR Ø P in compliance with MiCA regulations
According to The Block, Schuman Financial has launched the EUR Ø P, anchored 1:1 euro and backed by cash and equivalents to simplify the application of global digital payments, on-chain foreign exchange transactions and tokenized physical assets.Schuman Financial A stablecoin issuance license granted by the French regulator ACPR to issue e-currency tokens anchored any currency in accordance with MiCA regulations.
The launch followed a $7.36 million seed funding round completed in September, led by RockawayX and participated by Lightspeed Faction, Kraken Ventures, Nexo Ventures, Gnosis VC, Delta Blockchain Fund and Bankless Ventures. EUR Ø P will be the first to launch on Ethereum and Polygon chains, and plans to integrate more blockchain and DeFi protocols in the future, while listing on major European crypto exchanges. The company will also build an ecosystem that includes SEPA integration, banking channels, and custody partnerships with the world's top banks (such as Societe Generale).
Important data
The US Bitcoin spot ETF had a total net outflow of 4 [] $3.8 billion yesterday, the first net outflow after a net inflow in the past five days
Trading volumes of cryptocurrencies in South Korea surged, with DOGE and XRP surpassing bitcoin
According to Bitcoin. [] com, Upbit, South Korea's largest crypto exchange, rose more than 100% in the past seven days to $11.9 million on Nov. 21, up from $5.4 million on Nov. 25. It's worth noting that DOGE and XRP traded $58.2 billion and $38.6 billion in the fourth quarter, well surpassing Bitcoin's $30.1 billion. Tiger Research The fourth-quarter report showed that about 7.78 million South Koreans (15% of the population) are active in cryptocurrency transactions. According to the SamarinHR survey, 49.8% of South Korean workers aged 30-39 invest in cryptocurrencies, and 37. 1%.
Analysis: Wintermute 64% of the tokens in the TOP25 holdings have been available on Binance
According to the chain analyst @ai_ 9684 xtpa, 64% of the tokens of Wintermute market-making Meme TOP25 holdings have been online Binance, of which only 6 have both online spot and futures, and the rest are only online contracts. For market makers, the hit rate is already very high, and even higher for recent new market makers or higher positions. Meme coins that participate in market making but are still not online include: PEPECOIN, APU, SPX, COQ, MANEKI, michi, MOTHER, REKT (new market making projects three days ago) and BENJI (items with the lowest market value in TOP25 positions). Wintermute The common projects of tokens involved in market making include: 1. the community popularity is high enough; 2. before the market value of Binance is more than $10 million and less than $500 million; 3. Wintermute initial position ratio is not less than 1%. Recent significant data changes in Wintermute holdings are as follows: 1. NEIRO (capital) holdings surged by 13. 57%, the token with the highest position ratio; 2. GOAT surpassed MOODENG to become the first Meme; 3. POPCAT position value has increased to $18.1 million, ranking # 3; 4. REKT is its latest market-making project.
Base set a record of 106 TPS, and its TVL topped $10 billion
According to Cointelegraph, the Ethereum Layer2 network Base has just set a record of 106 TPS, further surpassing Taiko as the fastest Ethereum Layer2 solution, while its total lock-in value (TVL) has recently exceeded $10 billion. This marks a nearly 28% increase in Base's TPS since November 23. In January alone, the average TPS of Base was just 4. L2BEAT Data show that Base's TVL value has risen to $10.6 billion on November 15 after breaking $10.8 billion, becoming the second largest Ethereum Layer2, after Arbitrum One's $18.3 billion, after Arbitrum One surpassed OP Mainnet to take the second place in June.L2BEAT said this brings the total lock value of the Ethereum Layer2 solution to $49.3 billion.
Ethereum regained USDT supply dominance, overtaking Tron for the first time since 2022
Ethereum retook USDT supply dominance, overtaking Tron for the first time since 2022. As of press time, the USDT circulation on Ethereum was 669. 3.6 billion, while the USDT circulation on Tron was 6.17. 700 billion. So far this year, USDT supply on Ethereum has increased by nearly 62%, while Tron has seen a smaller increase of 24. 4%.