Today's News Highlights:
Microstrategy invests $1.5 billion to acquire 15,400 bitcoins
Fox Business reporter: Trump may announce SEC chair candidate as early as tomorrow
Coinbase lists Moo Deng (MOODENG) on its coin listing roadmap
Regulatory News
The probability of a 25 basis point rate cut by the Federal Reserve in December rises to 74.5%
According to CME's "FedWatch": The probability that the Federal Reserve will maintain the current interest rate until December is 25.5%, while the cumulative probability of a 25 basis point rate cut is 74.5%. The probability of maintaining the current rate until January next year is 20.6%, with a cumulative probability of a 25 basis point cut at 65.1%, and a cumulative probability of a 50 basis point cut at 14.3%.
Fox Business reporter: Trump may announce SEC chair candidate as early as tomorrow
According to Fox Business reporter Eleanor Terrett, President-elect Trump may announce his candidate to replace Gary Gensler as SEC chair as early as tomorrow.
WisdomTree submits XRP ETF S-1 application to the SEC
According to an S-1 document submitted to the U.S. Securities and Exchange Commission (SEC), WisdomTree has applied for the WisdomTree XRP Fund, which is an exchange-traded fund (ETF) that will issue beneficial interest common stock and be listed on Cboe BZX Exchange, Inc. under the ticker "TICKER". The trust's investment objective is to gain exposure to XRP prices, minus the trust's operating expenses and liabilities. Bank of New York Mellon ("BNYM") serves as the trustee, fund accountant, and transfer agent for the trust.
According to Hankyung, starting next year, institutions such as South Korean universities and local governments may be able to convert cryptocurrency donations they receive into cash. This is because the South Korean government has developed a plan to gradually allow businesses to open fiat accounts for virtual assets, which had previously been restricted. Reports indicate that the Financial Services Commission (FSC) plans to release a "roadmap for allowing businesses to open fiat accounts for virtual assets" (tentative name) by the end of this month. Currently, to trade in Korean won on South Korean crypto exchanges, one must open a real-name account associated with the transaction at a commercial bank. Although there is no explicit prohibition against businesses opening such accounts, banks have been restricting issuance based on the authorities' "anti-money laundering guidelines." Financial authorities plan to first allow real-name accounts for non-profit entities such as central government departments, local governments, and universities (Phase 1). The second phase plans to allow fiat accounts for related businesses such as cryptocurrency exchanges. The government stated that it will consider allowing general enterprises (Phase 3) and financial companies (Phases 4 and 5) to open corporate accounts in the medium to long term.
AI & Metaverse & NFT
World Labs, a spatial intelligence company founded by Stanford professor Fei-Fei Li, announced the development of an AI system that can generate a complete 3D world from a single input image, addressing the lack of control and consistency in existing generative AI models. This system can not only estimate 3D geometric shapes but also fill in unseen parts of the scene, generating new content that allows users to freely explore 3D scenes in a game-like manner.
The generated 3D scenes support real-time rendering in the browser, allowing for simulated 3D camera effects (such as shallow depth of field and dolly zoom). Compared to pixel prediction generative models, this system adheres to 3D geometric rules, ensuring scene consistency and supporting dynamic interactions, such as modifying lighting, appearance, and inserting new objects.
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 to showcase RTFKT's pioneering work; the final innovative project, MNLTH X, will be released in December, including the BLADE DROP series.
Magic Eden co-founder and CEO Jack Lu announced on social media X that ME token airdrop eligibility and distribution checks will open on December 4, with the token generation event (TGE) scheduled for December 10. Additionally, the Magic Summit conference will be held on December 17.
Project Updates
According to Cointelegraph, blockchain data shows that the XRP Ledger has reduced the basic reserve requirement from 10 XRP to just 1 XRP as of December 3. This allows new users to fund their wallets with less cryptocurrency, potentially lowering the barriers to user adoption. At the same time, this also allows users to spend part of the XRP they would have had to hold as reserves. The reserve change occurred at 6:45 AM Beijing time today. This news was announced by an XRP validator operator using the pseudonym Vet on platform X. Meanwhile, the owner reserve has also been reduced from 2 XRP to 0.2 XRP. This means users only need to reserve 0.2 XRP for each object held in their account. According to XRP Ledger documentation, objects can include NFTs, trust lines, signer lists, or owner directories. Some oracles also count as objects and require owner reserves.
Hashflow passes token burn proposal: 50% of protocol fees will be used for buyback and burn
Decentralized trading platform Hashflow announced that its token burn proposal has been approved. From now on, the platform will use 50% of the protocol fees for the buyback and burn of HFT tokens. As the start of this plan, Hashflow has completed the destruction of over 900,000 HFT tokens. The platform stated that it will continue to advance the token burn plan in the future.
European Central Bank releases latest progress report on digital euro project
Arthur Hayes: Be cautious with VC-backed projects with high FDV and low circulation
Sonic Labs mainnet has generated its first block, expected to launch as scheduled in early December
According to The Block, Sonic Labs announced that its Layer 1 mainnet has generated its first block and will officially launch soon. The project has completed the S Token airdrop snapshot, and the token $S can be exchanged 1:1 with Fantom's FTM. The Sonic mainnet aims to process 10,000 transactions per second with a confirmation time of 1 second, while introducing Ethereum bridging functionality to leverage its liquidity resources. The project is expected to launch as scheduled in early December.
Ethena Foundation provides millions in grants to Derive, sENA holders will receive 5% DRV
Coinbase simplifies fiat-to-crypto payment process by integrating Apple Pay
U.S. cryptocurrency exchange Coinbase has integrated Apple Pay into its fiat-to-crypto payment solution, Coinbase Onramp (formerly known as Coinbase Pay). This feature aims to streamline the process for users converting fiat currency to cryptocurrency.
Coinbase Onramp is a collection of software development kits (SDKs) and APIs that allow developers to embed fiat-to-crypto payment functionality in mobile apps or websites. It has been widely adopted by wallet tools such as Ethereum's Metamask, Rainbow, Solana's Phantom, and Coinbase Wallet. The tool supports over 60 currencies, offers lightweight KYC verification, and supports free USDC transfers. The Apple Pay integration was tested with some users before Thanksgiving and is now being gradually rolled out.
Coinbase lists Moo Deng (MOODENG) on its coin listing roadmap
According to an official announcement, Coinbase has added Moo Deng (MOODENG) to its coin listing roadmap. The contract address for Moo Deng (MOODENG) on the Solana network (SPL token) is ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
It is reported that MOODENG is a Solana meme coin inspired by the Thai internet celebrity Hippo "Moo Deng."
The 5th PANews PARTY AWARD annual selection officially opens for registration
The PANews PARTY AWARD 2025 officially opened for nominations on December 2. PARTY stands for PANews' Retrospect of The Year, and the event has been held for five consecutive years, attracting active participation from global Web3 entrepreneurs and quality projects. This year's selection will have the theme "Becoming Mainstream," aiming to discover and recognize Web3 projects, teams, and individuals that continuously build and strive to bring the industry into the mainstream spotlight.
The event will select 22 authoritative annual awards through data pre-selection, public solicitation, and online voting, including Best Contribution Award, Best Innovation Award, Best DeFi, Best RWA Project, Best AI+Web3 Integration, Best L1, Best L2, Most Popular MEME, Most Promising Project in the Solana Ecosystem, and Most Influential Web3 Conference of the Year. For more details, please click the original link to visit the official website, and all projects, communities, and KOLs are welcome to register and participate.
According to CryptoSlate, Sora Ventures has launched a $150 million fund aimed at promoting Bitcoin-centric financial strategies among publicly listed companies across Asia. The fund aims to replicate MicroStrategy's model by using Bitcoin as a primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund targets companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is the collaboration between Tokyo Stock Exchange-listed Metaplanet and Sora Ventures to implement the MicroStrategy model.
Nano Labs plans to purchase and hold $50 million worth of Bitcoin over the next five years
Cryptocurrency mining chip design company Nano Labs (Nasdaq: NA) announced its plan to purchase and hold $50 million worth of Bitcoin over the next five years. In November, Nano Labs announced that it would accept Bitcoin payments.
AI company Genius Group increases Bitcoin holdings worth $1.8 million, raising total to 172 BTC
Microstrategy invests $1.5 billion to acquire 15,400 bitcoins
Microstrategy co-founder and executive chairman Michael Saylor stated on platform X that between November 25, 2024, and December 1, 2024, MicroStrategy spent approximately $1.5 billion (at a price of about $95,976 per bitcoin) to acquire 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 holds 402,100 bitcoins, acquired at an average price of about $58,263 per bitcoin, valued at approximately $23.4 billion.
Later news indicated that MicroStrategy earned a net profit of $1.48 billion from selling shares last week.
Grayscale opens XRP trust to qualified investors
Grayscale announced that it has now opened its XRP trust to qualified investors, providing an indirect investment opportunity in XRP. XRP is the native token of the XRP Ledger, which is primarily used for cross-border payment processing.
BitGo launches retail platform offering cryptocurrency trading, custody, and staking services
According to The Block, cryptocurrency asset infrastructure company BitGo has officially launched a retail platform to provide regulated digital asset trading, staking, wallet, and custody services to users worldwide. The new platform is now live and offers eligible U.S. users a chance to win 1 bitcoin.
Enron: No tokens have been launched yet
U.S. energy company Enron announced its relaunch, mentioning decentralized technology on its official website. The website states that important announcements will be made within the next eight days, and no tokens have been launched yet.
Coinbase CEO Brian Armstrong stated on social media that selling bitcoins by the U.S. government would be a "major strategic mistake" and believes it should not sell its held bitcoins. Additionally, he revealed that about 25% of Coinbase's net asset value (after debt) is in cryptocurrency, with about half of that in bitcoin, accounting for 12.5% of total net asset value.
He pointed out that since most of Coinbase's liabilities are still denominated in U.S. dollars, it is currently difficult to bear higher bitcoin allocation risks, but he is open to increasing the holding ratio and welcomes community discussions on this matter.
Influenced by the "Trump effect," the enthusiasm for the South Korean crypto market continues to rise, with the 50s and 60s demographic investing part of their retirement funds into crypto assets. Data shows that the balance of demand deposits in major South Korean banks has decreased by 27 trillion won in five months.
Meanwhile, the number of accounts held by users over 60 years old on major domestic exchanges Upbit and Bithumb has increased by 30.4% compared to the end of 2021, with an average investment amount reaching 8.72 million won, the highest among all age groups. Bitcoin prices rose by 40% in a month, while XRP surged more than five times, further stimulating the investment frenzy, especially with the postponement of the crypto income tax for two years.
Binance to remove leveraged trading pairs BAND/BTC, AVA/BTC, etc.
Binance announced that it will remove the following leveraged trading pairs on December 11, 2024, at 14:00 (UTC+8): • Cross-margin leverage: BAND/BTC, GTC/BTC • Isolated margin leverage: AVA/BTC, BAND/BTC, GTC/BTC, HIGH/BTC, PERP/BTC, STPT/BTC.
Bitcoin mining company MARA Holdings announced that it has increased the issuance size of its zero-coupon convertible senior notes to $850 million, with an additional $150 million purchase option. The notes will mature in 2031, and the funds raised will primarily be used to repurchase some existing notes maturing in 2026, as well as to purchase additional Bitcoin and for general corporate purposes. According to the announcement, the initial conversion price for this issuance is $34.5831 per share, a 40% premium over MARA's current stock price.
Financing News
Multi-asset investment platform Public completes $135 million Series D-2 funding, led by Accel
Multi-asset investment platform Public announced the completion of a $135 million Series D-2 funding round, of which $105 million is equity financing and $30 million is debt financing, led by Accel. Since its launch in 2019, Public has evolved from a "social stock trading app" into a comprehensive investment platform supporting five major asset classes, including cryptocurrencies. Its core brokerage business has become profitable, with deposits reaching billions of dollars annually. Over 90% of users utilize its AI assistant, Alpha, facilitating a quarter of interactions to complete trades within three hours, with average user profits increasing for three consecutive years. The company plans to expand into more asset classes and AI features.
Important Data
CoinShares: Last week, net inflows into digital asset investment products reached $270 million
According to CoinShares' latest weekly report, total inflows into digital asset investment products reached $270 million last week, setting a new record of $37.3 billion for total inflows year-to-date.
Bitcoin saw an outflow of $457 million, marking the first significant outflow since early September, possibly due to profit-taking after Bitcoin tested the psychological barrier of $100,000. Ethereum experienced inflows of $634 million, reflecting a sharp shift in market sentiment, with total inflows year-to-date reaching $2.2 billion.
Bitcoin spot ETF saw a net inflow of $354 million yesterday, with a net asset ratio of 5.49%
According to Arkham data, the U.S. government transferred 19,800 bitcoins (valued at nearly $2 billion) related to Silk Road to Coinbase Prime, which may suggest that it has sold or is preparing to sell these seized assets.
Previously, the Department of Justice stated that it seized over 50,000 bitcoins in 2022 and plans to sell them in batches. Earlier this year, the U.S. Marshals Service collaborated with Coinbase Prime to handle the custody and trading of large digital assets. The U.S. government currently still holds approximately $18 billion worth of seized crypto assets.
Crypto venture capital firm Variant transfers 1.2322 million UNI to Coinbase Prime
According to on-chain analyst Yu Jin, crypto venture capital firm Variant transferred 1.2322 million UNI (valued at $17.14 million) to Coinbase Prime 10 hours ago. Over the past 26 days, the firm has transferred a total of 3.6966 million UNI to Coinbase Prime, with a total value of approximately $44.57 million, at an average transfer price of $12.05.
Variant, as one of the early investors in Uniswap, received an investment allocation of 1.6 million UNI in September 2020 and withdrew 774,000 UNI from FTX at a price of $5.65 in May 2022.
XRP market cap surpasses $150 billion, setting a new all-time high
Bitcoin mining difficulty increased by 1.59% to 103.92 T, setting a new all-time high
Pump.fun deposits 100,000 SOL to Kraken again, valued at $22.46 million
According to OnchainLens monitoring, Pump.fun deposited 100,000 SOL to Kraken last night, valued at $22.46 million. They have sent a total of 898,869 SOL to Kraken, valued at $176.46 million. Pump.fun has earned a total of 1,573,099 SOL, valued at $354 million.
Research firm 10X Research's latest report shows that South Korea's cryptocurrency retail trading volume reached $18 billion in the past 24 hours, marking the second highest level of the year, surpassing the local stock market's trading volume of $14 billion. Among them, XRP led 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 mints 1 billion USDT on Ethereum this morning
According to Whale Alert data monitoring, Tether Treasury minted 1 billion USDT on the Ethereum blockchain at 4:57 this morning.
PANews APP feature update, experience it now by downloading!
【Comments】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【In-text search】Quickly locate and reach the core
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
