24 H popular currencies
1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.26%
ETH: -2.25%
XRP: +6.24%
DOGE: -4.51%
PEPE: -6.87%
SOL: -1.91%
MOVE: -2.33%
BNB: -0.52%
ADA: + 0.40%
1 MBABYDOGE: -7.41%
24H price increase and decrease list (data source: OKX):
AAVE: 0.49%
BTC: -1.68%
LTC: -2.99%
SHIB: -3.18%
LINK: -3.32%
AVAX: -4.15%
SUI: -4.21%
ENS: -4.36%
2. Top 5 popular memes on the chain (data source: GMGN):
MONKEY
SHIKOKU
GTrump
LUIGI 6900
GUZUTA
3. Todays most searched currencies
ME is a token recently issued and airdropped by Magic Eden. Some airdrop addresses have received huge amounts and it has just been opened on major exchanges. Magic Eden is a multi-chain NFT market, originally based on Solana, and now expanded to Ethereum and Polygon. It allows users to create, purchase and trade NFTs, including artworks, avatars (PFP) and in-game props. Magic Eden is known for its low transaction fees, fast transaction confirmations and strong support for Web3 games. Currently, the token price is around $6.
PEPE, one of the leading Meme coins and a bellwether of the Meme market, ranked first in the 24-hour decline, reaching about 15%.
AAVE, in the context of a general market decline, did not fall, and even rose slightly. AAVE is the native token of the Aave protocol, a decentralized crypto lending platform that allows users to deposit and earn interest or borrow to obtain liquidity. The core functions of the AAVE token include: governance voting (users can participate in protocol decision-making), secured collateral (AAVE can be used as collateral for borrowing), fee discounts (using AAVE can reduce transaction fees), and security module staking (users can stake AAVE to provide system insurance and receive rewards).
Headlines
Foreign media: Trump expects Bitcoin to reach $150,000 during his term
An anonymous transition source revealed that Trump apparently would love Bitcoin to continue to rise and eventually break through $150,000.
Trump “will be paying a lot of attention to the price of Bitcoin,” the report said, adding that the source called the cryptocurrency “another stock market” for Trump. During his last presidency, Trump often used the performance of the U.S. stock market as a measure of how well his administration was managing the country’s economy.
In addition, Trump plans to promote crypto-friendly regulation, including nominating Paul Atkins as chairman of the U.S. SEC. Atkins founded the consulting firm Patomak Global Partners, which provides services to cryptocurrency exchanges and DeFi platforms.
Ripple CEO: Stablecoin RLUSD has been approved by the New York Department of Financial Services
Ripple CEO Brad Garlinghouse announced on the X platform that the stablecoin RLUSD has been approved by the New York Department of Financial Services (NYDFS), and a list of exchanges and partners will be launched soon.
Microsoft shareholders vote against Bitcoin investment proposal, preliminary results show
According to market news, preliminary voting results showed that Microsoft shareholders voted against the Bitcoin investment proposal.
Fuel Network launches FUEL tokens, 20% of total initial supply will be provided to the community
According to official news, Fuel Network announced the launch of the FUEL token. By introducing a new economic incentive structure based on application-specific sorting, the security of Fuels decentralized sorter is ensured. It is expected to be released within two weeks with an initial total supply of 10 billion. 20% of the initial total supply of FUEL will flow to the community.
Industry News
Regulators from El Salvador and Argentina have signed an agreement to help both countries develop the crypto industry. Juan Carlos Reyes, El Salvador’s top cryptocurrency regulator and president of the National Digital Activities Commission (CNAD), said the agreement will help El Salvador expand its influence through a strategic partnership. While the details of the deal are unclear, Reyes said the agreement is designed to enable the two regulators to share knowledge and experience to promote crypto innovation.
On December 10, the South Korean National Assembly passed an amendment to the Income Tax Act, which included abolition of financial investment income tax (gold investment tax) and postponement of taxation on virtual assets for 2 years. The effective date of virtual asset income tax was extended from January 1, 2025 to January 1, 2027.
Project News
Coinbase launches Magic Eden (ME) with an experimental label
Coinbase Assets announced that Magic Eden (ME) is now live on coinbase.com and the Coinbase iOS and Android apps with an experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
ai16z partner Shaw: AI agent pmairca will soon make autonomous investments
ai16z partner Shaw said in a post on X that the AI agent pmairca currently only conducts automated transactions, but will soon conduct autonomous investments. He also said that pmaircas goal is AGI (artificial general intelligence).
Investment and Financing
Diversified crypto company COSIMO is raising $25 million, led by Eolas Capital
COSIMO, a digital asset holding company founded in 2014, is raising $25 million in funding led by Des Mac Intyre, co-founder of Eolas Capital and former executive of Bridgewater Associates and Mellon Investment Company.
The move comes as COSIMO seeks to consolidate its many crypto investment, custody, advisory and brokerage services under “one unified brand, COSIMO digital,” the company announced in a statement. The firm, which focuses on “deep tech,” is involved in multiple crypto sectors, including tokenized venture capital, custody and staking hedge funds, and plans to become a competitor to crypto management and service provider Galaxy Digital.
COSMIO X’s portfolio includes about 25 stocks, including wallet provider Uphold, Bitcoin DeFi project Sovyrn, Layer 1 chain Hedera, and tokenization company Black Manta. The fund, which traded on Securitize Markets in 2021, also invested in ndau, a non-pegged “long-term value storage” token built by Oneiro, one of COSIMO’s investment projects. The fund has a management fee of 2.5% and a performance fee of 15%.
The company also launched COSIMO Y, a hedge fund built around a basket of staking rewards from chains including Avalanche, Cardano, Celestia, Ethereum, Near, Polkadot, and Solana. COSIMO is partnering with BitGo for custody, Figment and Foundry for staking services, and CME Group and Coinbase for futures.
In addition to Funds X and Y, COSIMO founded Fortuna, a digital asset custodian licensed by the Central Bank of Ireland to operate in 27 EU countries. The company is also the largest investor in Black Manta, one of only two BaFin-regulated broker-dealers in the digital asset management space.
Tokenized GPU startup Exabits raises $15 million seed round led by Hack VC at $150 million valuation
Exabits, a crypto AI startup focused on tokenized GPUs, has raised $15 million in seed funding at a $150 million valuation, led by Hack VC, with participation from several other unnamed investors. Co-founder Hoansoo Lee said Exabits started fundraising in July and completed it in October. He declined to comment on the structure of the round, but said tokens will be launched in the future.
Lee said the seed round brings Exabits’ total funding to $20 million, following an undisclosed Pre-Seed round earlier this year and an undisclosed strategic round led by Portal Ventures that totaled about $5 million.
Bitcoin self-custody application Relai announced the completion of a $12 million Series A financing round, led by venture capital fund Ego Death Capital, with participation from Timechain and Solit Group. As of now, Relais total financing has reached approximately $20 million, and its valuation has increased from $60 million (pre-investment) to $72 million (post-investment).
AI voice company WaveForms completes $40 million seed round of financing, led by a16z
WaveForms, an AI speech startup founded by former OpenAI researcher Alexis Conneau, has received $40 million in seed funding, with a valuation of $200 million. This round of financing was led by Andreessen Horowitz.
It is reported that WaveForms is committed to developing AI audio software that can capture emotional clues and achieve more natural voice interaction, aiming to improve the voice conversation experience between people and machines. Conneau previously developed advanced voice assistant functions at OpenAI. After leaving in August this year, he founded WaveForms in San Francisco in September.
Klickl International, a Web3 banking service provider headquartered in the UAE, announced the completion of a $25 million Series A financing round, with a valuation of $125 million. This round of financing was jointly led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital and other institutions.
Klickl plans to launch two major projects in the fourth quarter of 2024: establishing Klickl Labs in partnership with Summer Ventures, focusing on cross-border remittances and digital payment infrastructure in high-growth markets in the Middle East and Africa; and establishing the Klickl Foundation to invest in the Klickl Web3 ecosystem. As a strategic partner, Web3Port Foundation will serve as a limited partner of the Klickl Foundation Web3 Fund.
Founded in 2017, Klickl is committed to building a global stablecoin ecosystem that connects digital finance and traditional finance.
Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A round of financing, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, Ambush Capital, and multiple angel investors. With this investment, Hyperbolic has raised its total investment to $20 million.
The new funds will be used to expand the engineering and strategic teams and enter the market. Hyperbolic plans to launch its own blockchain next year. According to reports, Hyperbolic plans to integrate global GPU computing resources and integrate blockchain technology to provide the market with verifiable, secure and reliable AI services, effectively alleviating the industry pain points of high computing resource costs and uneven distribution. At the same time, the company has also launched a decentralized orchestration layer Hyper-dOS (Hyperbolic distributed operating system) to provide solid technical support for the entire GPU market. (coinness)
Earlier in July, Hyperbolic completed a $7 million seed round of financing, led by Polychain Capital and Lightspeed Faction.
Character Voice
Bitwise Market Prediction 2025: Bitcoin will be traded at over $200,000
Bitwise officially released its top ten predictions for the cryptocurrency market in 2025 on X, as follows:
1. Bitcoin will trade at over $200,000.
2. Bitcoin ETFs will attract more funds in 2025 than in 2024.
3.Coinbase stock price will exceed $700 per share.
4. At least five cryptocurrency unicorns will go public in the United States.
5. Tokens launched by AI agents will lead the memecoin craze.
6. The number of countries holding Bitcoin will double.
7.Coinbase will enter the SP 500 index and MicroStrategy will enter the Nasdaq 100 index.
8. The U.S. Department of Labor will relax guidance on cryptocurrencies in 401(k) plans.
9. The size of stablecoin assets will double to more than US$400 billion.
10. The size of the tokenized RWA market will reach $50 billion.
In addition, Bitwise also predicts that the market value of Bitcoin will exceed the $18 trillion gold market in 2029, and the trading price will exceed $1 million.
In response to the potential quantum threat of Googles Willow chip, Avalanche founder and well-known academic Emin Gün Sirer said this morning that Satoshi Nakamotos 1 million bitcoins may have quantum threat issues. Early Bitcoin used a very old Pay-To-Public-Key format, which leaked the public key and gave attackers time to study it, which is the source of all crypto bounties. Modern Bitcoin wallets or modern systems such as Avalanche do not use P2P K, but it did exist in the early stages of Bitcoin.
Therefore, as the quantum threat intensifies, the Bitcoin community may need to consider freezing Satoshi’s 1 million Bitcoins, or more generally, providing a final date and freezing Bitcoin on all P2P K UTXOs.
Earlier, Google officially announced the launch of its latest quantum chip, Willow, saying that it can complete calculations that current top computers would need 10,000,000,000,000,000,000,000,000,000,000 years (10 to the 25th power) to complete in less than five minutes.
