Hot News

  • Last week, due to reduced trading activity during the holiday, the price of Bitcoin fell by 1.54%, and the trading volume decreased by about 44% compared with the previous week. The Bitcoin ETF had a net outflow of about $388 million last week, while the Ethereum ETF showed some resilience, recording net inflows for five consecutive weeks, attracting about $350 million in net inflows last week.

Macro Outlook

  • U.S. durable goods orders fell 1.1% in November, worse than market expectations for a 0.4% drop, as orders for transportation equipment fell.
  • The market predicts that the probability of interest rates remaining unchanged in January 2025 is 88.8%.

The upcoming economic calendar includes:

  • Friday, January 3, 11:00 PM: US ISM Manufacturing PMI for December

Cryptocurrency Market Quick Facts

  • Bitwise has filed for the Bitcoin Standard Company ETF, which aims to invest in companies that hold Bitcoin as a corporate reserve fund.
  • Israel’s Securities Authority has approved six bitcoin investment funds, which are expected to launch this week.
  • Hexarq, a subsidiary of France’s second-largest bank BPCE, has received approval to offer cryptocurrency investment services.
  • Hong Kong's Legislative Council proposes to include Bitcoin in fiscal reserves.

Layer 1 and Layer 2 Public Chains

  • Fuel Network has launched the Fuel Agent Kit, which enables users to build AI agents that can perform tasks autonomously on Fuel.
  • Sonic announced an upgrade to its token economic model, including an airdrop of 200 million S tokens, post-listing promotional activities (capped at no more than 15% until 2031), and a token destruction mechanism.

Dapps

  • Chainlink has launched Smart Value Recapture (SVR) to recover MEV revenue for users using Chainlink price oracles. This SVR integration proposal has been submitted to AAVE governance discussion.
  • Thorchain successfully integrated the CosmWasm module to complete the v3 upgrade and achieve smart contract support. The v3 upgrade lays the foundation for Thorchain's vision of expanding its DeFi layer in the first half of 2025.
  • Aethir has partnered with Injective to launch a tokenized GPU market that enables users to trade fragmented GPU computing power and supports DeFi functions such as staking and lending.

Governance/Project Updates

  • BIO Protocol is expected to be listed on Binance exchange on January 3. BIO Protocol is a protocol dedicated to providing a token issuance platform and liquidity for DeSci projects.
  • ai16z announced plans to launch a token issuance platform in the first quarter of 2025 to capture token issuance fees (half of which will be used for repurchase and destruction, and the other half will be used to create liquidity for AI16Z), while supporting AI16Z staking to gain access rights and liquidity pools paired with AI16Z.
  • The creator of Zerebro announced that the team is developing Zentients, an Agent token issuance platform powered by ZerePy. ZEREBRO will be used as the base token for creation fees and liquidity pools.
  • The OpenSea Foundation website is suspected to have been leaked, and the community expects an airdrop to be imminent.
  • Jupiter announced that it will distribute 700 million JUP in January 2025, of which 500 million will be distributed to users and stakers, and the other 200 million will be distributed to Carrots point holders and Good Cats (contributors to the Jupiter ecosystem).
  • The Movement mainnet is expected to be launched in January 2025. The founder emphasized that the tokens of the team and investors must not be staked during the unlocking period.

Token Unlock

  • SUI tokens were unlocked on January 1st and represent 2.8% of the token supply.
  • DYDX tokens were unlocked on January 1st and represent 1.84% of the token supply.
  • JTO tokens were unlocked on January 7th and account for 4.15% of the token supply.
  • MOVE tokens were unlocked on January 9th and represent 2.24% of the token supply.
  • IO tokens were unlocked on January 11th and account for 2.76% of the token supply.
  • APT tokens were unlocked on January 12th and accounted for 2.03% of the token supply.
  • STRK tokens were unlocked on January 12th and represent 2.82% of the token supply.

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