UK to ban public offerings of cryptocurrencies
According to CoinDesk, the UK Financial Conduct Authority (FCA) said in a document on the upcoming cryptocurrency regulatory system on Monday that the UK intends to ban the public offering of cryptocurrencies. The government will enact laws to ban the public sale of cryptocurrencies, which will draw on the UK's promotion rules to prohibit unregistered cryptocurrency companies from approaching UK customers. Only crypto asset trading platforms and products that meet the exemption conditions are not subject to this restriction.
The US SEC has issued a Wells notice to the crypto investment company Unicoin
NFT project CyberKongz claims to have received a Wells notice from the U.S. SEC
FTX Announcement: Court-approved Chapter 11 Reorganization Plan Will Take Effect on January 3, 2025
According to the FTX announcement, its court-approved Chapter 11 reorganization plan will take effect on January 3, 2025, and will be set as the record date for the first distribution. The first distribution is expected to be completed within 60 days after the effective date and will apply to approved claims in the convenience category. FTX has partnered with BitGo and Kraken to assist in distributing recovery funds to customers and creditors. Distribution requirements include completing KYC verification, submitting tax forms, and connecting with designated service providers.
21Shares XRP Trust is registered in Delaware, USA
OpenAI: ChatGPT search feature is now open to all free users
According to OpenAI's announcement, ChatGPT's search function has undergone a major update and is now gradually open to all free users. This update includes real-time search, which supports getting the latest news, stocks and other dynamic content at the minute level; a new advanced voice mode, which will be launched next week, allows users to optimize the multi-round search experience through more natural voice interaction; a new map function on the mobile terminal, which supports viewing surrounding locations, route planning and business information; and optimizations for Android, iOS and other platforms to increase search efficiency by more than 40%.
Coinbase will launch Parcl (PRCL) trading at 1:00 am on December 18
According to the Coinbase announcement, Coinbase will support Parcl (PRCL) tokens (SPL tokens) on the Solana network. Users should avoid transferring funds through other networks, otherwise funds may be lost. The transfer function of this asset is now open and is applicable to regions where Coinbase and Coinbase Exchange support transactions.
The PRCL-USD trading pair is scheduled to start trading at 1:00 a.m. Beijing time on December 18, 2024 (9:00 a.m. PT on December 17), provided that liquidity conditions are met.
Ripple to launch its stablecoin RLUSD on December 17, followed by monthly verification
According to The Block, the launch date of Ripple's stablecoin pegged to the US dollar is December 17. Ripple said in a statement on Monday: "RLUSD will be listed on global exchanges starting tomorrow. Each RLUSD token is fully backed by US dollar deposits, US government bonds and cash equivalents." An independent auditing company will be responsible for creating proof of RLUSD's reserve assets to increase transparency. These proofs will be released once a month.
Binance HODLer Airdrops 4th and 5th Projects Launched: Simon’s Cat and Pudgy Penguins
According to the official announcement, Binance HODLer airdrops are now live for the 4th and 5th projects - Simon's Cat (CAT) and Pudgy Penguins (PENGU). From 08:00 on December 9, 2024 to 07:59 on December 13, 2024 (Eastern Time), users who use BNB to subscribe to regular and/or current products on the CoinEr platform will receive airdrop allocations. HODLer airdrop information is expected to be available within twelve hours, and the new tokens will be distributed to users' spot wallets 1 hour before trading begins.
Binance will list CAT on December 17, 2024 at 17:00 (ET8) and open trading pairs against USDT, BNB, FDUSD, and TRY. Seed tag trading rules apply. Binance will list PENGU on December 17, 2024 at 22:00 (ET8) and open trading pairs against USDT, BNB, FDUSD, and TRY. Seed tag trading rules apply.
Total amount of CAT HODLer airdrop tokens: 1,143,000,000,000 CAT (12.7% of the maximum token supply); Total amount of PENGU HODLer airdrop tokens: 2,666,666,666.64 PENGU (3% of the maximum token supply).
Avalanche: Avalanche9000 upgrade is now live on the mainnet
According to The Block, Avalanche announced that it has launched the Avalanche9000 upgrade, which significantly reduces the cost of deploying "subnet" blockchains and running smart contracts, while optimizing the verification mode and reducing the basic fee of the C chain (from 25 nAVAX to 1 nAVAX). This upgrade supports independent operation of the chain through the "Etna" module, significantly reducing the cost of project startup and meeting different regulatory requirements. The Avalanche Foundation previously raised $250 million to support the upgrade deployment, and it is expected that hundreds of primary blockchains will be launched in the coming months.
Grayscale Horizen Trust is now open to qualified accredited investors
Polygon Network Lido will be officially retired in the coming months
According to the official blog, the liquidity pledge protocol Lido announced that Lido on the Polygon network will be officially deactivated in the next few months. After extensive DAO forum discussions and community voting, LDO token holders requested to stop Lido on the Polygon protocol, and this process will begin soon. Lido stated that the strategic refocus on Ethereum and the lack of scalability of Polygon POS are the reasons for deactivating Lido on the Polygon network.
About the Sunset process: ① December 16, 2024: Lido staking on the Polygon network will stop, and new staking will no longer be accepted through the UI; ② December 16, 2024-June 16, 2025: A six-month transition period during which users can withdraw through Lido on the Polygon UI; ③ January 15 to January 22, 2025: The protocol will be suspended and then resumed; no withdrawals can be processed during this period. ④ June 16, 2025: Front-end support ends, and after this date, withdrawals can only be made through browser tools.
Vana announces completion of airdrop of testnet community rewards
Decentralized AI data liquidity network Vana said on the X platform that it has completed the airdrop of testnet community rewards. Users can check the airdrop by adding the Vana network to their wallet.
Ethena launches new stablecoin product USDtb, reserve funds invested in BlackRock's BUIDL
USDtb shares similar characteristics to existing fiat stablecoins such as USDC or USDT, namely, cash or cash equivalent reserves are used to back each token at a 1:1 ratio. Users can transfer USDtb freely and without restrictions. Due to the use of BlackRock's BUIDL as the main reserve asset, USDtb is able to expand without practical limitations, accounting for the vast majority of total reserves (90%), which is the highest BUIDL allocation among all stablecoins.
Pudgy Penguins: PENGU tokens will be available for redemption at 21:00 on December 18
Luca Netz, CEO of NFT project Pudgy Penguins, released an ecosystem update saying that PENGU tokens will be available for redemption at 21:00 Beijing time on December 18. Pudgy Penguins, Lil Pudgys, Rogs and SBTs holders can participate. The redemption period is 88 days. Unclaimed tokens will be permanently locked and destroyed after the period ends.
Riot Platforms increased its holdings by 667 BTC, bringing its total holdings to $1.8 billion
Riot Platforms, a bitcoin mining company, announced that it used the funds from the recent issuance of $594 million, 0.75% convertible bonds to purchase 667 bitcoins at an average price of $101,135 per bitcoin (spending approximately $67.457 million). The acquisition increased its total bitcoin holdings to 17,429, with a total market value of approximately $1.8 billion based on the current market price of $17,429 per bitcoin. Through this acquisition and mining production so far this year, Riot's return on each BTC is 36.7% so far in the quarter and 37.2% so far this year.
Semler Scientific, a US-listed company, spent $21.5 million to increase its holdings of 211 BTC
Eric Semler, founder of Semler Scientific, a US-listed company, disclosed on the X platform that the company has increased its holdings of 211 BTC at $21.5 million. As of December 15, 2024, it holds 2,084 bitcoins. The purchase price is approximately $168.6 million, with an average price of $80,916.
Microstrategy spent about $1.5 billion to increase its holdings of 15,350 Bitcoins
Michael Saylor, co-founder and executive chairman of Microstrategy, said on the X platform that MicroStrategy spent about $1.5 billion (about $100,386 per bitcoin) to increase its holdings of 15,350 bitcoins, and achieved a quarterly total return (QTD) of 46.4% and an annual total return (YTD) of 72.4%. As of December 15, 2024, MicroStrategy holds 439,000 bitcoins, which were acquired at a price of about $61,725 per bitcoin, worth about $27.1 billion.
ZachXBT: LastPass attackers stole approximately $5.36 million from more than 40 addresses
According to ZachXBT, a chain detective, today LastPass attackers stole about $5.36 million from more than 40 victim addresses. These stolen funds were converted into ETH and then transferred from Ethereum to the Bitcoin network through an instant exchange.
An address transferred 4.994 million UNI to Coinbase Prime half an hour ago
According to Ember's monitoring, an address related to the Uniswap team/investor/advisor transferred 4.994 million $UNI (about 80.25 million US dollars) to Coinbase Prime half an hour ago. This address received 9 million $UNI in the Uniswap Token Generation Event (TGE) in September 2020, which was its first token transfer. After the transfer, the address still holds 4.006 million $UNI (about 64.29 million US dollars).
MicroStrategy's Bitcoin holdings currently have a floating profit of over $19.6 billion
Hyperliquid has seen $1 billion in net USDC inflows into its network since launching the Hype token
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