Important information from last night and this morning (December 3rd - December 4th)

The probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 74.5%.

According to CME's "Fed Watch": The probability of the Fed maintaining the current interest rate unchanged by December is 25.5%, and the probability of a cumulative interest rate cut of 25 basis points is 74.5%. The probability of maintaining the current interest rate unchanged by January next year is 20.6%, the probability of a cumulative interest rate cut of 25 basis points is 65.1%, and the probability of a cumulative interest rate cut of 50 basis points is 14.3%.

Delaware judge again rejects Musk's $55.8 billion pay package

According to X Daily News, a Delaware Chancery Court judge once again rejected Tesla CEO Elon Musk's $55.8 billion compensation plan. The judge made the ruling based on the following three reasons:

A shareholder vote cannot retroactively validate a breach of fiduciary duty, particularly in transactions where conflicts of interest exist; Tesla did not raise the ratification argument during trial and it was therefore procedurally invalid; and the proxy materials used to solicit the vote were misleading, undermining the legitimacy of the vote.

Additionally, the court rejected Tesla’s attempt to use a shareholder vote as new evidence to overturn a prior ruling. The court stressed that post-trial evidence could not be used in this manner and that allowing such a strategy would undermine the deterrent effect of lawsuits designed to hold corporate leaders accountable for wrongdoing.

WisdomTree Submits XRP ETF S-1 Application to the US SEC

According to an S-1 filing with the U.S. Securities and Exchange Commission (SEC), WisdomTree has submitted an application to the U.S. SEC for the WisdomTree XRP Fund, which is an exchange-traded fund (ETF) that issues common shares of beneficial ownership and will be listed on Cboe BZX Exchange, Inc. under the ticker "TICKER". The investment objective of the trust is to gain exposure to the price of XRP, minus the expenses and liabilities of the trust's operations. The Bank of New York Mellon ("BNYM") serves as the trust's administrator, fund accountant, and transfer agent.

Hashflow passed the destruction proposal: 50% of the protocol fees will be used for repurchase and destruction

Decentralized trading platform Hashflow announced that its token destruction proposal has been approved. From now on, the platform will use 50% of the protocol fees to repurchase and destroy HFT tokens. As the beginning of the plan, Hashflow has completed the destruction of more than 900,000 HFT tokens. The platform said it will continue to promote the token destruction plan in the future.

Nike's NFT project RTFKT will gradually cease operations

Nike's NFT project RTFKT officially announced this morning that it plans to gradually terminate operations. According to the statement:

All web3 services will be shut down by the end of January 2025; an updated website will be launched, showcasing RTFKT’s groundbreaking work; and in December the last innovative project will be released: MNLTH X, including the BLADE DROP series.

Magic Eden will open ME token airdrop eligibility inquiries on December 4, and TGE is scheduled for December 10

Magic Eden co-founder and CEO Jack Lu announced on social media X that the ME token airdrop qualification and allocation inquiry will be open on December 4, and the token generation event (TGE) is scheduled for December 10. In addition, the Magic Summit conference will be held on December 17.

ECB releases latest progress report on digital euro project

The US government transferred nearly 20,000 bitcoins related to Silk Road to Coinbase Prime this morning, or prepared to sell them

According to Arkham data, the U.S. government transferred 19,800 Silk Road-related bitcoins worth nearly $2 billion (via an intermediate address) to Coinbase Prime, which may suggest that it has sold or is preparing to sell these seized assets.

Previously, the Department of Justice said it had seized more than 50,000 bitcoins in 2022 and planned to sell them in batches. Earlier this year, the U.S. Marshals Service partnered with Coinbase Prime to handle the custody and trading of large digital assets. The U.S. government currently still holds about $18 billion worth of seized crypto assets.

Arthur Hayes: Be cautious with VC-backed projects with high FDV and low circulation

Sonic Labs mainnet has generated its first block and is expected to be launched as scheduled in early December

According to The Block, Sonic Labs announced that its Layer 1 mainnet has generated its first block and will be officially launched in the near future. The project has completed the S Token airdrop snapshot, and the token $S can be exchanged with Fantom's FTM at a 1:1 ratio. The Sonic mainnet aims to process 10,000 transactions per second with a confirmation time of 1 second, while introducing the Ethereum bridge function to utilize its liquidity resources. The project is expected to be launched as scheduled in early December.

Ethena Foundation provides millions of dollars in grants to Derive, sENA holders will receive 5% DRV

Coinbase Streamlines Fiat-to-Crypto Payments with Apple Pay Integration

US cryptocurrency exchange Coinbase has integrated Apple Pay into its fiat-to-crypto payment solution Coinbase Onramp (formerly known as Coinbase Pay). The feature is designed to simplify the conversion process from fiat to crypto for users.

Coinbase Onramp is a software development kit (SDK) and API collection that allows developers to embed fiat-to-cryptocurrency payment functionality in mobile apps or web pages. It has been widely used in wallet tools such as Ethereum's Metamask, Rainbow, Solana's Phantom, and Coinbase Wallet. The tool supports more than 60 currencies, provides lightweight KYC verification, and supports free USDC transfers. Apple Pay integration was tested and launched to some users before Thanksgiving and is now being gradually promoted.

Coinbase Adds Moo Deng (MOODENG) to its Listing Roadmap

According to the official announcement, Coinbase has included Moo Deng (MOODENG) in the coin listing roadmap. The Solana network (SPL token) contract address of Moo Deng (MOODENG) is ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.

It is reported that MOODENG is a Solana Meme coin inspired by the Thai internet celebrity hippopotamus "Moo Deng".

The fifth PANews PARTY AWARD annual selection is now open for registration

PANews PARTY AWARD 2025 officially opened the nomination collection on December 2. PARTY means PANews' Restropect of The Year. The event has been held for five consecutive years, attracting active participation from Web3 entrepreneurs and high-quality projects around the world. This year's selection will be themed "Becoming Mainstream", aiming to discover and commend those Web3 projects, teams and individuals who continue to build and strive to bring the industry into the mainstream vision.

This event will select 22 authoritative annual awards through data preliminary selection, public solicitation and online voting, including the Best Contribution Award of the Year, the Innovation Award of the Year, the Best DeFi of the Year, the Best RWA Project of the Year, the Best AI+Web3 Combination of the Year, the Best L1 of the Year, the Best L2 of the Year, the Most Popular MEME of the Year, the Most Potential Project of the Solana Ecosystem and the Most Influential Web3 Conference of the Year. For details of the event, please click the original link to visit the official website. All projects, communities and KOLs are welcome to sign up and participate.

Sora Ventures Launches $150 Million Fund to Promote Bitcoin Financial Strategies for Asian Public Companies

According to CryptoSlate, Sora Ventures has launched a $150 million fund to promote Bitcoin-centric financial strategies for listed companies across Asia. The fund aims to replicate MicroStrategy's model, using Bitcoin as the main reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund will target companies listed on major stock exchanges such as Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is that Metaplanet, a Tokyo Stock Exchange-listed company, worked with Sora Ventures to implement the MicroStrategy model.

Bitcoin mining company MARA plans to issue $700 million in convertible senior notes, and part of the proceeds will be used to buy more Bitcoin

Market News: MARA purchased approximately 6,484 BTC for approximately US$618.3 million from October 1 to November 30

MicroStrategy earned $1.48 billion in net proceeds from share sale last week

Between November 25, 2024 and December 1, 2024, the Company has sold a total of 3,728,507 shares pursuant to the Sales Agreement, generating aggregate net proceeds to the Company of approximately $1.48 billion (after deducting sales commissions). As of December 1, 2024, approximately $11.3 billion of shares remain available for issuance and sale pursuant to the Sales Agreement.

Nano Labs plans to buy and hold $50 million worth of Bitcoin over the next five years

Crypto mining chip design company Nano Labs (Nasdaq: NA) announced its plan to buy and hold $50 million worth of Bitcoin over the next five years. Earlier in November, Nano Labs announced that it would accept Bitcoin payments.

AI company Genius Group increased its holdings of Bitcoin worth $1.8 million to 172 BTC

Microstrategy spends $1.5 billion to increase its holdings of 15,400 Bitcoins

Michael Saylor, co-founder and executive chairman of Microstrategy, said on the X platform that between November 25, 2024 and December 1, 2024, MicroStrategy had spent approximately $1.5 billion (at a price of approximately $95,976 per Bitcoin) to increase its holdings of 15,400 Bitcoins, achieving a quarterly total return (QTD) of 38.7% and an annual total return (YTD) of 63.3%. As of December 2, 2024, MicroStrategy held 402,100 Bitcoins, acquired at a price of approximately $58,263 per Bitcoin, worth approximately $23.4 billion.

Vitalik: Wanxiang purchased 410,000 ETH at an average price of $1.2 to support the Ethereum Foundation

Grayscale Opens XRP Trust to Accredited Investors

Grayscale announced that it has now opened its XRP Trust to qualified investors, providing indirect investment opportunities in XRP, the native token of the XRP Ledger, a distributed network primarily used for cross-border payment processing.

BitGo launches retail platform to provide crypto asset trading, custody and staking services

According to The Block, crypto asset infrastructure company BitGo has officially launched a retail platform to provide regulated digital asset trading, staking, wallet and custody services to users around the world. The new platform is now online and provides eligible US users with the opportunity to win 1 Bitcoin.

Data: Many indicators of the crypto market hit record highs in November, and the total transaction volume on the chain increased by 69.4%

Enron: No tokens have been launched yet

The US energy company Enron announced its restart, and the official website mentioned decentralized technology. The official website said that some important matters will be announced in the next 8 days, and no tokens have been launched yet.

Market sources earlier said: Enron intends to use decentralized technology to "solve the global energy crisis" and hinted that it will launch some kind of token

CoinShares: Digital asset investment products saw a net inflow of $270 million last week

According to the latest weekly data from CoinShares, total inflows into digital asset investment products reached $270 million last week, while total inflows so far this year set a new record of $37.3 billion.

Bitcoin saw an outflow of $457 million, the first significant outflow since early September this year, which may be profit-taking after Bitcoin tested the psychological barrier of $100,000. Ethereum saw an inflow of $634 million and has experienced a sharp shift in market sentiment, with inflows reaching $2.2 billion so far this year.

XRP market value exceeds $150 billion, setting a new record

Bitcoin mining difficulty increased by 1.59% to 103.92 T, setting a new record high

Pump.fun deposited another 100,000 SOL to Kraken, worth $22.46 million

According to OnchainLens monitoring, Pump.fun deposited 100,000 SOL worth $22.46 million to Kraken last night. They sent a total of 898,869 SOL worth $176.46 million to Kraken. Pump.fun earned a total of 1,573,099 SOL worth $354 million.

10X Research: South Korea’s 24-hour cryptocurrency retail trading volume reached $18 billion, the second highest in the year

According to the latest report from 10X Research, South Korea's cryptocurrency retail trading volume reached $18 billion in the past 24 hours, the second highest level of the year, exceeding the local stock market's $14 billion trading volume. Among them, XRP led the way with a trading volume of $6.3 billion, followed by Dogecoin ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million) and Shiba Inu ($600 million).

Tether minted 1 billion USDT on Ethereum this morning

According to Whale Alert data monitoring, Tether Treasury minted 1 billion new USDT on the Ethereum blockchain at 4:57 this morning.