According to Jinshi.com, the annual rate of US unadjusted CPI in November was 2.7%, which was expected to be 2.7% and the previous value was 2.6%. The annual rate of US unadjusted core CPI in November was 3.3%, which was expected to be 3.3% and the previous value was 3.3%.
SEC Seeks Public Comments on NYSE Arca’s Listing of Bitwise Bitcoin and Ethereum ETFs
According to Cointelegraph, according to a public document, the U.S. Securities and Exchange Commission (SEC) is soliciting public opinions on the listing of the Bitwise Bitcoin and Ethereum ETF by NYSE Arc. The Bitwise Bitcoin and Ethereum ETF is a proposed spot cryptocurrency index fund consisting of BTC and ETH, designed to "allow investors to balance investment in the world's two largest crypto assets in an easily accessible form." On November 26, Bitwise and NYSE Arc submitted an application to the U.S. Securities and Exchange Commission (SEC) to list the ETF, and now the SEC is advancing the application to the next stage by soliciting industry opinions.
U.S. Senate delays vote on Democratic SEC Commissioner Caroline Crenshaw's nomination
According to Bloomberg, the nomination of US Democrat Caroline Crenshaw for re-election as a member of the U.S. Securities and Exchange Commission (SEC) has encountered more obstacles as the originally planned committee vote has been postponed. With only a few days left on this year's congressional schedule, this move increases the possibility of a three-member Republican SEC commission in the first few months of Trump's next administration. Crenshaw's renomination has been pending since her term at the agency officially ended in June. If the nomination continues to be blocked, Trump may choose Republican Paul Atkins to fill her vacancy on the five-member board because her term has ended. According to regulations, Crenshaw can only stay at the SEC until January 2026 if no one else is confirmed to serve in her role. Earlier news, multiple crypto advocacy organizations issued advertisements and letters opposing the nomination of US Democratic SEC Commissioner Caroline Crenshaw.
Vancouver, Canada, has passed a policy that could bring Bitcoin into its city finances — a policy that was partly influenced by the return of U.S. President-elect Donald Trump, according to Bloomberg. On Wednesday, Vancouver City Council passed a motion to become a "Bitcoin-friendly city" and explore Bitcoin's applications in the municipal sphere. "I've been wanting to do this for a while. But I don't think the public is ready for this discussion," Vancouver Mayor Ken Sim said in a phone interview before the council vote on Tuesday. Sim said he decided to talk more openly about cryptocurrencies because "all of a sudden, with what's happening in the United States, a lot of other countries, provinces and states are saying they're going to do similar things. And we want to get ahead of that trend." Since announcing the policy in late November, Sim has publicly stated that he is a firm believer in Bitcoin, calling it "the greatest invention in human history" and asserting that the value of traditional fiat currencies will "go to zero." He believes that Bitcoin's "potential" value is only a small fraction of its future value, although he stressed that he is not qualified to provide investment advice.
Apple launches Siri with ChatGPT
According to CNBC, Apple today released a new version of software for iPhone, iPad, and Mac, officially launching the long-awaited Siri and ChatGPT integration feature. This feature is based on OpenAI's GPT-4o model. When Siri cannot directly answer complex questions, it will request user authorization to call the ChatGPT service, while emphasizing data privacy. OpenAI will not store the request content. You don't need an OpenAI account to use this feature, but users can purchase an upgraded version of ChatGPT through Apple. This update is a highlight of iOS 18.2. In addition, Apple plans to launch more upgrades for Apple Intelligence next year, including enhancing Siri's in-app operation capabilities. Users must have an iPhone 15 and above to enable Apple Intelligence, and can apply for experience qualifications in the system settings.
BNY Mellon CEO: Tokenization is a major trend in the financial market
According to Jinshi.com, the CEO of Bank of New York Mellon said that tokenization is a major trend in the financial market, and anything new (in terms of crypto assets) needs to be tested in actual combat.
According to Wu Blockchain, the media found an advertisement for a cryptocurrency fund on the Alipay page. The fund mainly invests in Ark Invest ETF through Huabao Overseas Technology C (QDII-FOF-LOF), and indirectly invests in Coinbase and Ark Bitcoin Spot ETF. Currently, each person is limited to purchase 1,000 yuan per day.
Web3 gaming ecosystem Treasure launches mainnet after DAO approves its migration to ZKsync
According to The Block, Web3 game ecosystem Treasure DAO announced the launch of the mainnet on Wednesday. A statement said: "This launch marks one of the largest ecosystem migrations in the cryptocurrency field. Treasure is transferring more than 15 games, important assets (including MAGIC, ERC-20 tokens and hundreds of thousands of NFTs) from its existing ecosystem on Arbitrum to ZKsync. This migration coincides with several major upcoming TGEs and game releases planned by the network." MAGIC is Treasure's native token. Treasure said: "MAGIC tokens are the backbone of the network, facilitating transactions, governance and the overall economic landscape." DAO participants use the token in governance votes. Earlier in September, TreasureDAO approved the migration of the ecosystem from Arbitrum to ZKsync.
ZachXBT: A vulnerability research worth over $25 million will be released next week
ZachXBT, the chain detective, said on the X platform: "Next week, a vulnerability research worth more than $25 million will be released. We plan to release it before the end of the year so that the exploiters can't enjoy the holiday."
Kenya’s National Fire Protection Association Adds Bitcoin to Its Balance Sheet
Kenya’s National Fire Protection Association has added Bitcoin to its balance sheet, Bitcoin Magazine reported.
Interactive Brokers founder recommends people to invest 2% to 3% of their net worth in Bitcoin
According to Bloomberg, Thomas Peterffy, the billionaire founder of retail brokerage firm Interactive Brokers Group Inc., said that despite the volatility of Bitcoin, investors should hold a certain amount of Bitcoin, but the holdings should be limited. He said: "I recommend that people put 2% to 3% of their net assets into Bitcoin. For example, we will not allow anyone to put more than 10% of their assets into Bitcoin because I think that would be very dangerous." He said that he was "a little scared" because of the price fluctuations of cryptocurrencies. He said: "It doesn't have any potential value. Its only value is the same as the paper dollar, which is worthless. I think anyone who doesn't have Bitcoin should have some Bitcoin, but not too much." It is reported that in 2021, Interactive Brokers launched cryptocurrency trading. Through cooperation with crypto brokerage Paxos Trust Co., users can trade Bitcoin, Ethereum, Litecoin and BCH on the platform. According to the Bloomberg Billionaires Index, Thomas Peterffy is worth about US$53 billion.
Coinbase adds PNUT to its coin listing roadmap
According to Coinbase’s official announcement, Peanut the Squirrel (PNUT) has been added to the Coinbase asset roadmap. PNUT is the SPL token on the Solana network.
Insurance giant MassMutual bought 5,000 bitcoins four years ago and is now worth about $500 million
According to information forwarded by Bitcoin Magazine, insurance giant MassMutual purchased more than 5,000 bitcoins four years ago. The investment at that time has now increased fivefold, with a market value of about $500 million. MassMutual, formally known as Massachusetts Mutual Life Insurance Company, is a well-known life insurance and financial services provider headquartered in Springfield, Massachusetts. Founded in 1851, MassMutual has grown into one of the largest life insurance companies in the United States, ranking 100th on the Fortune 500 list, with revenue of $10.7 billion and total assets under management of $312 billion as of 2022.
Crypto travel platform Travala announces Bitcoin and AVA reserve program
According to Cointelegraph, crypto travel platform Travala announced the launch of an exclusive Bitcoin and AVA token reserve plan to strengthen its financial foundation and accelerate future growth. The news came as Travala's total annual revenue exceeded $100 million, a significant increase from $59.6 million in 2023. Travala CEO Juan Otero said the additional reserve funds will provide the company with more resources for recruiting new employees and launching platform incentives, while hoping to use crypto reserves directly in the future without conversion. At present, Travala has not disclosed the specific size of the reserve when it was launched, but said that other tokens may be included in its reserve system in the future, depending on the maturity of the business and market. Since its establishment in 2017, Travala has improved the booking experience through blockchain technology, supported the use of more than 100 cryptocurrencies for payment, and has become an important platform in the field of travel booking. Its native token AVA hit an all-time high of $6.45 in 2021 and is currently priced at about $0.7.
Notcoin Developers Launch Earn Program to Provide Token Rewards to Telegram Wallet Users
According to The Block, Open Builders, the team behind Notcoin, has launched a startup pool platform called Earn, which aims to reward Telegram Wallet users for holding TON ecosystem tokens. Through this program, users can get rewards by simply holding relevant tokens without complicated staking operations. Earn's rewards come from airdrops of new projects, which distribute tokens to holders of existing TON ecosystem tokens such as NOT and DOGS. Users can participate in multiple project pools at the same time, such as the Notcoin pool or the DOGS pool, and distribute rewards hourly based on the leaderboard of the on-chain snapshot. In addition, exclusive pools are provided for gold, platinum and early Notcoin stakers. The participation conditions of each pool are set independently, and currently only the top 100,000 users are rewarded. The initial projects of the Earn platform include BUILD and the upcoming NOT PX token, further expanding users' reward opportunities. As the first Telegram click-type game, Notcoin has promoted the development of the TON blockchain ecosystem. Its token NOT once reached a market value of US$1.5 billion and is now US$782 million.
FTX debtors recover $14.5 million in assets through political donation settlement
According to CryptoSlate, FTX debtors recovered about $14.5 million in assets in November through a political donation settlement. These funds mainly came from House Majority PAC ($6 million) and Senate Majority PAC ($3 million), as well as other organizations such as Forward Action Fund, Mind the Gap and People for the American Way, each of which returned more than $1 million. The recovery action is part of FTX's bankruptcy proceedings, aimed at recovering related funds donated during Sam Bankman-Fried's leadership. Bankman-Fried has influenced Washington policy making through a large number of political donations, including donations to nearly one-third of the members of the U.S. Congress, with a total donation of at least $40 million. After the collapse of FTX, many politicians chose to transfer these donations to charities to distance themselves from the scandal. Currently, the FTX bankruptcy management team is also taking legal action against other platforms and individuals in an attempt to recover more assets, including lawsuits against Binance, Crypto.com, KuCoin and other well-known figures. The move is intended to prepare for creditor compensation, which is expected to begin in early 2025.
Bluefin Foundation: Genesis issuance of native token BLUE has been completed
According to the Bluefin Foundation announcement, Bluefin, the decentralized perpetual contract protocol for the Sui ecosystem, has completed the genesis issuance of its native token BLUE, marking an important step towards decentralized governance. Bluefin has processed over $37.5 billion in trading volume on the Sui Network, with a total locked value of $31.9 million, accounting for 72% of Sui's market share. The total number of BLUE tokens is 1 billion, with an initial circulation of 150.385 million, of which 52% is used for ecological growth (unlocked in 5 years), 28% is allocated to strategic participants (unlocked in 3 years, locked in the first year), and 20% is allocated to core contributors (also unlocked in 3 years). BLUE holders can participate in protocol governance, including proposals, voting and resource allocation, promote fee structure adjustments, and launch incentive plans. It was previously reported that DEX Bluefin will launch BLUE tokens: the maximum supply is 1 billion, and 32.5% is used for user incentives. Bluefin launched an airdrop qualification query portal and will airdrop 17% of BLUE tokens.
OKX will provide full compensation to users who purchased OKSOL at a premium
OKX Chinese official Twitter account released an announcement stating that during the opening phase of the OKSOL/USDT and OKSOL/SOL spot trading pairs, due to the lack of price limits on the relevant currency pairs, the concentrated purchases by some users caused a serious decoupling of the OKSOL and SOL prices, resulting in user losses. OKX apologizes for this. In order to protect the interests of users, full compensation will be provided to users who purchase OKSOL at a premium (including OKSOL/USDT and OKSOL/SOL trading pairs). The specific compensation plan and details will be announced as soon as possible. OKSOL is a Solana liquidity pledge certificate developed by OKX, representing the SOL assets pledged by users on the OKX platform. By staking SOL, users can obtain OKSOL at a 1:1 ratio and enjoy staking benefits while maintaining asset flexibility.
Binance Labs announces investment in Solana stablecoin protocol Perena
Binance Labs announced an investment in Quine Co., Perena’s core development team, to support its efforts to build the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional financial principles. Perena solves the problem of stablecoin ecosystem fragmentation and reduces capital requirements for new stablecoin issuance through its product Numéraire (a multi-token extension of Stableswap without CLMM management). The protocol allows users to mint stablecoins, earn returns on tokenized real-world assets, and achieve customized risk-return configurations using a layered collateralized debt position system. The Binance Labs investment will support the Perena team to scale, grow a global community, and build a comprehensive stablecoin product suite on Solana.
According to Techcrunch, the stablecoin-driven financial platform KAST has completed a $10 million seed round of financing, led by Peak XV and HongShan. It is reported that Peak XV and HongShan are Indian and Chinese investment companies spun off from investment giant Sequoia last year. Partners of DST Global and Goodwater Capital also participated in this round of investment. The company plans to launch savings products and expand remittance services while continuing to focus on stablecoin-based infrastructure. According to reports, KAST is a stablecoin-driven financial platform targeting emerging markets, allowing customers to hold and spend stablecoins through traditional payment channels. KAST also issued credit cards that can be used in standard merchant networks, enabling users to spend their stablecoins at merchants that do not support crypto transactions. KAST declined to disclose the number of users or valuation, but said its growth exceeded expectations in the first four months of operation.
According to The Block, blockchain startup Commonware has completed a $9 million financing led by Haun Ventures and Dragonfly Capital, and has received funding from many well-known cryptocurrency developers, including Smokey the Bera of BeraChain, Zaki Manian of Cosmos, Sreeram Kannan of EigenLayer, Dan Romero of Farcaster, and Mert Mumtaz of Helius. According to reports, Commonware was founded by Patrick O'Grady, former vice president of engineering at Ava Labs, and provides "anti-framework" tools to provide developers with highly customized blockchain building blocks. Commonware has released a number of tools, including the consensus mechanism Simplex Consensus, which aims to go beyond the limitations of traditional frameworks and provide more efficient solutions for developers and users.
Riot Platforms Completes $525 Million Notes Offering to Fund Bitcoin Purchases
According to Cryptoslate, the Bitcoin mining company Riot Platforms submitted documents to the U.S. Securities and Exchange Commission (SEC) on December 11, showing that the company has successfully completed the issuance of $525 million in priority notes. This batch of notes, which will mature in 2030, has an interest rate of 0.75% and is privately issued to institutional investors. The terms of the notes stipulate that starting in 2029, investors have the right to convert them into Riot's common stock. At the same time, under certain conditions listed in the terms of the issuance, investors may also convert them in advance. The proceeds will be mainly used to promote the company's Bitcoin acquisition strategy and further expand its holdings. Prior to this strategic move, Riot had spent $68.45 million to purchase 705 Bitcoins. With this latest investment, the company's total Bitcoin holdings have now reached 12,000, worth approximately $1.2 billion at current market prices. This makes Riot the second largest Bitcoin holder among listed mining companies, second only to Marathon Digital, which currently holds more than 40,000 Bitcoins.
According to Globenewswire, Robinhood Markets released its operating data for November 2024. As of the end of November, the total number of fund customers of the trading platform was 24.8 million (an increase of about 420,000 from October 2024 and about 1.5 million from the same period last year); the entrusted assets under management were US$195 billion (an increase of 22% month-on-month and 106% year-on-year). The nominal trading volume of stocks reached US$147.1 billion (an increase of 16% month-on-month and 178% year-on-year). The trading volume of option contracts reached 155.5 million (a decrease of 2% month-on-month and an increase of 63% year-on-year). The nominal trading volume of cryptocurrencies reached US$35.2 billion (an increase of more than 500% month-on-month and more than 700% year-on-year). As of the end of November, the company's financing balance was US$6.8 billion, the total cash collection balance was US$26.5 billion, and the total income from securities lending was US$23 million.
972.6 million USDT flowed from Tether Treasury to exchanges in the past 24 hours
According to Lookonchain monitoring, a large amount of funds are being injected into the cryptocurrency market. In the past 24 hours, 972.6 million USDT flowed from Tether Treasury to exchanges.
Ceffu-related wallets deposited 73.8 million DOGE to Binance in the past 24 hours
According to The Data Nerd, two hours ago, a wallet address (0x084) belonging to Ceffu deposited 11.27 million DOGE (about $4.4 million) to Binance. In the past 24 hours, the address has deposited a total of 73.8 million DOGE (about $30.32 million) to Binance. Currently, the address and its main wallet hold a total of 428.57 million DOGE, with a total value of approximately $170.26 million.
Alameda Research-related wallet deposited 3.36 million FTT into Binance
According to Onchain Lens, a wallet associated with Alameda Research deposited 3.36 million FTX tokens (FTT) worth about $11 million to Binance, and the wallet address belonged to the Binance address of "Mirana Ventures". These FTX tokens were previously deposited by Alameda into the Mantle Treasure wallet three years ago and were recently transferred.
According to the monitoring of on-chain analyst Ember, FTX/Alameda conducted a monthly SOL redemption and transfer 5 hours ago: 181,232 SOL (about 41.46 million US dollars) were redeemed from the pledge and distributed to 20 addresses. Since November last year, the FTX/Alameda pledge address has redeemed and transferred a total of 4.262 million SOL (about 484.53 million US dollars) in the above way, with an average transfer price of 113.6 US dollars. At present, there are 6.616 million SOL (1.5 billion US dollars) in the FTX/Alameda pledge address. At their current frequency of transferring about 170,000 SOL per month, these SOL can still be sold for 3 years.
Pudgy Penguins floor price exceeds $100,000, setting a new record
According to Coingecko data, the floor price of Pudgy Penguins has exceeded $100,000, setting a new record high. The floor price of Pudgy Penguins is now 26.98 ETH, equivalent to $103,144, with a 7-day increase of 86.9%.
Trump family crypto project WLFI exchanged 5 million USDC for 1,325 ETH
According to Arkham monitoring, the Trump family's crypto project WLFI exchanged 5 million USDC for 1,325 ETH in multiple transactions, with an average price of US$3,773.
Tether mints 1 billion new USDT on Ethereum network
According to Onchain Lens monitoring data, Tether has minted an additional $1 billion in USDT on the Ethereum network. The total amount of USDT minted this month has reached $4 billion.
BlackRock and Fidelity ETFs bought $500 million worth of ETH in the past two days
According to The Block, data from the crypto data tracking platform Arkham shows that ETFs under financial giants BlackRock and Fidelity have purchased $500 million worth of Ethereum in the past two days. The two companies mainly purchased through the crypto exchange Coinbase or its institutional crypto service platform Coinbase Prime. According to The Block's data dashboard, BlackRock's ETHA and Fidelity's FETH are the top Ethereum spot ETFs and led the highest inflows in history on November 30. On December 10, the trading volumes of ETHA and FETH reached $372.4 million and $103.7 million, respectively.
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