PANews reported on December 25 that Shaw, the founder of ai16z, posted on the X platform: "Regarding the latest developments of aiPool (@aipool_tee) and 123skely (@123skely), ① the aiPool project has been launched; ② the founder of aiPool, Skely, is still trying to retrieve his account. Any Skely account that is not @123skely is a fraudulent account, be careful to lose money. There is no pre-sale for this project."
Wednesday
PANews reported on December 25 that according to Whale Alert monitoring, at around 08:42 Beijing time today, USDC Treasury minted an additional 50 million USDC on the Ethereum chain.
PANews reported on December 25 that according to Crowdfund Insider, the crypto payment platform MoonPay announced that it had obtained a money transmission license issued by the Texas Department of Banking. From now on, Texas users can purchase 64 cryptocurrencies through Venmo and PayPal. According to statistics, more than one-fifth of the voting-age population in Texas holds cryptocurrencies. MoonPay plans to expand its service scope in 2025 to allow Texas residents to sell cryptocurrencies including BTC, ETH and SOL. Currently, MoonPay has obtained money transmission licenses in 45 states in the United States.
PANews reported on December 25 that according to Spot On Chain monitoring, the suspected Justin Sun address transferred 70,182 ETH (US$244.9 million) to HTX 7 hours ago, including 42,905 ETH unstaked from Lido Finance and 27,277 ETH transferred from Etherfi. Since November 10, he has deposited 179,101 ETH ($645 million) into HTX at an average price of $3,601. He still holds 106,905 STETH ($372.4 million) and 56,277 EETH ($195.8 million), of which 25,000 ETH ($87 million) has been unstaked from Etherfi. Earlier yesterday, Justin Sun denied rumors of clearing out his ETH holdings, saying it was just an ETH transfer operation between different wallets by the team .
PANews reported on December 25 that according to Cointelegraph, as of December 24, Bitcoin's return rate in 2024 reached 113%. However, most mining stocks failed to take full advantage of the rising momentum of cryptocurrencies and still fell at the end of the year. According to data from Hashrate Index and Google Finance, most listed mining companies performed poorly at the end of 2024, with the highest decline reaching 84%. Of the 25 listed mining companies in the index, only seven have generated gains for investors so far this year. At press time, Bitdeer (BTDR) is up 167%, Cipher (CIFR) is up 33%, Hut 8 (HUT) is up 91%, Iris Energy (IREN) is up 72%, Northern Data (NB2) is up 58%, Core Scientific (CORZQ) is up 327%, and TeraWulf (WULF) is up 169%. On the other hand, Argo Blockchain (ARB) is down 84%, followed by Sphere 3D (ANY) at 69%, MARA Holdings (MARA) at 12%, Hive (HIVE) at 29%, Greenidge (GREE) at 74%, Bitfarms (BITF) at 44%, and BitFufu (FUFU) at 18% (to name a few). Overall, 2024 is a year for Bitcoin miners to adapt to changes, cope with reduced rewards and increased costs, and seek new sources of income to maintain operations. Bitcoin miners have accumulated revenue of more than $71 billion. According to Blockchain.com, miners earned $42 million on December 22, compared with a peak of more than $100 million in April. At the same time, the current average difficulty of the Bitcoin network is 108.52 T, up from 72.01 T a year ago, an increase of 50.71% in the past 12 months. Mining fees have also increased significantly due to increased operating costs.
PANews reported on December 25 that Glassnode posted on the X platform: "Solana has maintained positive net capital inflows since early September 2023, with only a small outflow during this period. This continued influx of liquidity has helped stimulate Solana's growth and price increases, reaching a significant peak of $776 million in new capital inflows per day."
PANews reported on December 25 that according to Yonhap News Agency, the constitutional appeal filed by Do Kwon, the founder of Terraform Labs, in Montenegro has been rejected. The Constitutional Court of Montenegro and Montenegro announced that all judges unanimously rejected Do Kwon's constitutional appeal. This decision means that Do Kwon will be tried in South Korea or the United States, which will be decided by the Minister of Justice of Montenegro and Montenegro. Given the previous attitude of the Ministry of Justice and other factors, Yonhap News Agency believes that Do Kwon is likely to be extradited to the United States.
PANews reported on December 25 that Axios has learned from multiple sources that Founders Fund, a venture capital firm co-founded by Peter Thiel, is raising about $3 billion for its third growth equity fund. Founders Fund has not yet provided potential investors with an official target size for the new fund, but said $3 billion would be the approximate size. Founders Fund has invested in some of the world's most valuable technology startups, including SpaceX and Stripe. As Thiel has long supported President-elect Trump and the company has made multiple investments with Musk, it will also have a chance to enter the incoming White House. Founders Fund has also invested in multiple crypto projects, including Pudgy Penguins' parent company Igloo, Inc., Bitcoin lending platform Lava, Bitcoin rollup project Citrea, etc. Founders Fund successfully raised $3.4 billion for its second growth equity fund in 2022, and $1.8 billion for its eighth early-stage fund. However, at the beginning of last year, they decided to split the early-stage fund in two because they perceived that there were relatively few investment opportunities in the market. But as of now, they have not started investing in what is now called the "ninth fund." In addition, although there have been discussions about splitting the growth fund, it has not been implemented. Now, most of the funds of the fund have been deployed, including investments in capital-intensive AI companies.
PANews reported on December 25 that the total transaction volume of Coinbase International last week exceeded 119 billion US dollars, setting a new record high. The total volume this week was 124% higher than the total volume of the previous week, while the daily average in the past week was 164% higher than the daily average in the previous week. Coinbase International's average daily trading volume in November was only $2.5 billion. As of December, the exchange's average daily trading volume was close to $10 billion. The top five trading pairs on Coinbase International include perpetual futures for BTC, ETH, SOL, XRP, and DOGE, accounting for 99.8% of the exchange's total trading volume. BTC-PERP accounts for 57% of the total trading volume, followed by ETH-PERP, which accounts for 34%.
PANews reported on December 25 that according to Cointelegraph, the total transaction volume of decentralized exchange (DEX) PancakeSwap reached 310 billion US dollars in 2024, a year-on-year increase of nearly 179% from 111 billion US dollars in 2023. PancakeSwap reported that mainly due to L2 networks Arbitrum and Base, the cryptocurrency transaction volume on Arbitrum increased by 3,656% year-on-year to 13.2 billion US dollars, while the cryptocurrency transaction volume on Base increased by 3,539% year-on-year to 11.6 billion US dollars by 2024. In addition, PancakeSwap's transaction volume increased by 179% year-on-year, reflecting positive market sentiment and increased activities in the DeFi and DEX fields.
PANews reported on December 25 that in response to the problem pointed out by SlowMist founder Yu Xian, the blockchain identity authentication platform Humanity Protocol replied on the X platform, saying that they appreciate the feedback on the problem of plaintext private keys being directly stored in the browser on the test network. They have noticed this problem and will solve it as soon as possible and inform users. In previous news , Yu Xian said that the Humanity protocol stores the plaintext private key directly in the browser's sessionStorage.
PANews reported on December 25 that according to Naver, data from the Bank of Korea showed that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This figure accounts for more than 30% of the country's total population, reflecting the increase in market activity after US President-elect Trump pledged to support the cryptocurrency industry. The rise in Bitcoin prices has also contributed to the growth of this trend. As of the end of November, the total cryptocurrency holdings of Korean investors totaled 102.6 trillion won (about 70.8 billion U.S. dollars), compared with 58 trillion won (about 40 billion U.S. dollars) in October. The average daily trading volume in November reached 14.9 trillion won (about 10.288 billion U.S. dollars), which is equivalent to the total daily trading volume of the Korea Composite Stock Price Index (KOSPI) market and the Korea Stock Market Index (KOSDAQ) market in the same month.
PANews reported on December 25 that according to Whale Alert monitoring, at around 06:36 Beijing time today, an address on the Ethereum chain with a balance of 13,145,135 USDT was frozen.
PANews reported on December 25 that the Bitcoin staking protocol Babylon disclosed in its official blog that on December 15, during the third launch of the Babylon Bitcoin staking protocol mainnet, an anonymous pledger pledged 10,000 bitcoins through three transactions, worth more than US$1 billion. “Previously, the largest staking volumes have come from entities that want to stake for their users (like the LST protocol and custodians), but this massive staking by an individual is of particular significance to Babylon and its protocol,” Babylon said. “Whoever that person is, their decision to stake directly with Babylon, rather than through LST, pushes the concept of ‘trustless’ staking from the abstract to the concrete.”
PANews reported on December 25 that the OKX market showed that BTC had just broken through $99,000 and is now trading at $99,005.80 per coin, with a daily increase of 0.71%.
Industry executives say Bitcoin staking, tokenized RWAs and AI agents will reshape the cryptocurrency ecosystem.
Tuesday
PANews reported on December 24 that Greeks.live macro researcher Adam pointed out in an article that Europe and the United States entered the Christmas holiday, and traditional markets were closed, but the crypto market driven by Bitcoin showed a significant rise. Due to the poor liquidity during the holiday, the market needs less power to rise and fall. In terms of options, short-term implied volatility continues to decline, and market makers are nearing the end of their positions. It is expected that volatility will be mainly stable before the end of the year. At present, the biggest pain point of BTC is $84,000 and ETH is $3,000, but the biggest pain point of the year may become invalid, which is similar to the situation in previous years.
PANews reported on December 24 that according to Lookonchain monitoring, someone opened a short position against ETH on the Hyperliquid platform with a 50x leverage, and the current loss has reached $1.2 million. The opening price of the short position is $3,429.45. If the ETH price reaches $4,843.9, the position will be forced to close.
Women are more optimistic than men about blockchain adoption in the gaming industry, plus Beam Foundation’s Node sale campaign: Web3 Gamer.
PANews reported on December 24 that Nick Tomaino, founder of 1confirmation, posted on the X platform that ETH is a native value storage tool for the Internet and has the world's best monetary policy. He pointed out that unlike Bitcoin (BTC), whose supply will reach 21 million in 2140, the supply of ETH will gradually decrease with the increased use of applications such as DeFi, stablecoins, NFTs, prediction markets, and SocialFi. He suggested that investors pledge ETH to gain returns while holding it for the long term.