24 H popular currencies
1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +4.38%
ETH: +4.04%
XRP: +2.9%
SOL: +3.72%
DOGE: +4.71%
BNB: +1.83%
PEPE: +6.76%
SUI: +12.23%
LINK: +2.84%
ADA: +5.57%
24-hour price increase list (data source: OKX):
VELO: +31.75%
PRQ:+ 23.79%
CETUS: +23.68%
PRCL:+ 23.19%
LOOKS:+ 22.49%
FTM: +18.96%
AUCTION:+ 17.2%
STX: +16.96%
ONDO: +14.76%
BORA: +14.56%
2. Top 5 popular memes on the chain (data source: GMGN):
CAPA
OBSIDYX AI
QN
Eidolon
LAMBROS
3. Todays most searched currencies
DRUGS : Solana chain Meme coin, issued by the Big Pharmai team on daos.fun. Big Pharmai is a community-led decentralized science (DeSci) project dedicated to completely subverting the existing pharmaceutical industry. DRUGSs current market value is $46 million, with a 24-hour increase of 88.4%.
VELO : No. 1 on the OKX 24-hour gainer list, Velo is a decentralized settlement network designed to enable digital credit issuance and borderless asset transfer for its business partners. VELOs current market value is $263 million.
Headlines
Goldman Sachs believes that the Fed will undoubtedly cut interest rates in December, and then cut interest rates by 25 basis points in January and March of 2025; and then cut interest rates only in the June meeting and September meeting. However, there are still some variables, because more and more Fed officials have indicated that the FOMC may slow down the pace of interest rate cuts sooner rather than later, so there is a risk of pausing interest rate cuts at the January meeting.
PENGU tokens are rumored to be launched within the next 48 hours
Waleswoosh, an anonymous researcher of the Azuki NFT series who previously disclosed that OpenSea registered a foundation in the Cayman Islands, posted on the X platform that the PENGU token is rumored to be launched within the next 48 hours. Currently, reports of airdrops in other NFT communities are mostly false. The airdrop ratio of Pudgy Penguins and Lil Pudgys is close to last weeks market valuation, but the role of Pudgy Rods has not yet been confirmed.
However, Waleswoosh emphasized that this news was revealed by sources familiar with the matter, and the Pudgy Penguins official team has not yet officially confirmed the matter, so please treat this news with caution. According to OpenSea data, the floor price of Pudgy Penguins has now risen to 34 ETH, up 17% in the past 24 hours.
Peanut owner allegedly files lawsuit against Binance, accusing it of copyright infringement
Peanut owner @Squirrel_Dad 12 posted on X: “My legal team filed a lawsuit against Binance, accusing it of unauthorized use of my intellectual property, including pictures and stories featuring my beloved animals. This is the first of many cease and desist orders. I am committed to protecting my creative work and sending a clear message: unauthorized use of my intellectual property will not be tolerated.”
It is important to note that this account may have been hacked (similar to the CHILLGUY owner).
Industry News
MicroStrategy shares have risen nearly 500% year to date, and its market capitalization is currently around $98 billion, far higher than the value of its 423,650 BTC holdings (worth just under $43 billion at current prices). Since September 12, the company has purchased 197,150 BTC, significantly increasing its holdings while pushing up its cost basis.
After being included in the Nasdaq 100, the company could set its sights on being included in the SP 500 in 2025, according to Bernstein analysts. However, joining the index could be more difficult due to the lack of profits in the company’s enterprise software business, which has been gradually sidelined as the Bitcoin strategy became the company’s core activity.
Earlier, crypto supporter and U.S. Rep. French Hill of Arkansas defeated three other competitors to win the position of chairman of the Financial Services Committee. Hill, who currently serves as vice chairman of the committee and heads the committees Digital Assets, Financial Technology, and Inclusion Subcommittee, emphasized that he was very grateful for the opportunity to serve as chairman of the committee.
Hill’s appointment has won support from crypto industry leaders and lawmakers. Brian Brooks, former acting Comptroller of the Currency and former chief legal officer of cryptocurrency exchange Coinbase, praised Hill’s “intelligence, growth mindset, and innovative outlook.” Ripple Chief Legal Officer Stuart Alderoty highlighted Hill’s potential to drive regulatory transparency for digital assets, saying, “As Chair of the Digital Assets Subcommittee, Congressman Hill is poised to lead the charge for regulatory clarity, continuing the momentum of the previous Congress on market structure and stablecoin legislation.” Others in the cryptocurrency and financial space echoed that sentiment, including the Blockchain Association and the Chamber of Digital Commerce, who have also voiced their support for Hill’s leadership.
The European Banking Authority (EBA) has published a report on tokenized deposits, arguing that from a regulatory perspective, tokenized deposits are essentially the same as traditional deposits. The agency plans to analyze current regulations to determine whether they are sufficient. It noted that there is no rush to act because of the limited activity of tokenized deposits so far. A survey in March identified only two projects, but did not name them. According to the EBA survey, 17% of EU banks plan to get involved in tokenized deposits in the next two years.
Project News
Kraken’s blockchain network Ink announces that its mainnet will be launched soon
Krakens blockchain network Ink announced on X that its mainnet will be launched soon.
According to official news, Abstract Chain, the L2 network under Pudgy Penguins parent company Igloo, announced that it will launch the mainnet in January next year. Earlier news, Igloo, the parent company of the NFT project Pudgy Penguins, has acquired the on-chain creator economy platform Frame. The terms of the transaction have not yet been disclosed. The Frame team will now join Igloo.
Arkham announced that it has completed the Arkham Exchange Points Season 1 snapshot, and Season 2 is now live. Season 1 participants will receive 50% of the rewards based on the points earned during the season. The Season 1 snapshot also includes points earned by VIPs under the Intel Platform Referral Program, which has now ended. After a thorough analysis of the snapshot to identify Sybil attackers, farmers, referrals of inactive users, and other accounts attempting to cheat the system, the team will announce a date for the claiming process.
Season 2 participants will earn points by trading on Arkham Exchange and referring new Arkham Exchange users who deposit at least $100.
DEXX: The latest version of the platform now has a payment entry
DEXX announced on the X platform that the latest version of DEXX is now open for compensation. After upgrading to the latest version, you can find the compensation center in your personal page to confirm the damaged tokens. If you have any questions about the data, you can contact the online customer service in the App. DEXX will record it and manually check and update it. At the same time, DEXX has added a red logo for risk wallets as a reminder. Mobile users need to wait for the App Store to review and download the latest version.
Investment and Financing
Decentralized lending protocol Yei Finance announced the completion of a $2 million seed round of financing led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures, and WOO.
Tokenized data platform Inveniam receives investment from UAE AI company G42
According to official news, G 42, an artificial intelligence company in the United Arab Emirates, has invested an undisclosed amount in tokenized data platform Inveniam, raising more than $120 million to date. G 42 has 25,000 employees across seven artificial intelligence subsidiaries, with business scope covering the energy sector, health and data centers.
Character*Voice
This week, Microsoft investors rejected a proposal to buy Bitcoin. Gracy Chen, CEO of cryptocurrency exchange Bitget, said this was expected because most Microsoft shareholders may value the asset stability of the software giant, and said: Microsofts investment in Bitcoin may mean facing additional risks, while many people invest in Microsoft because it is a predictable and good business. For shareholders who build their own diversified portfolios, mixing assets such as cryptocurrencies into the companys balance sheet may complicate the companys valuation and distract investors from the core business goals of buying its shares.
10x Research: BTC is expected to rise to $120,000 by the time of Trump’s inauguration
10x Research pointed out in its market analysis that Bitcoins rally resumed after a brief consolidation. Cryptocurrency exchanges are experiencing large-scale outflows, which has greatly reduced the availability of Bitcoin on trading platforms. At the same time, OTC inventory is also insufficient. These factors together indicate that Bitcoin prices may be boosted. In addition, according to its trading model indicators, it is predicted that Bitcoin may rise to $120,000 by the time of Trumps inauguration on January 20, 2025.
CryptoQuant CEO: Bitcoin is unlikely to be cracked by quantum computers within 20 years
Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that Bitcoin will not be cracked by quantum computers in this decade - and it is unlikely to be cracked in the next decade. Dont be fooled by people who dont know what they are talking about and unfounded FUD.
Former Thai Prime Minister Thaksin Shinawatra: Proposes to pilot Bitcoin use in Phuket
Former Thai Prime Minister Thaksin Shinawatra said at a seminar that Trump might repay US debts through Bitcoin, and emphasized that this was not an encouragement to buy Bitcoin, but a reminder that this was a trend. There are already a variety of cryptocurrencies, and some say that there will be more currencies than countries in the future. The Thai people must keep up with the times and understand these changes. Thaksin also suggested that the prime minister could instruct the Ministry of Finance to study whether Bitcoin can be accepted in Thailand, for example, by piloting the use of Bitcoin in Phuket, so that people who hold Bitcoin can make payments locally.
Billionaire Chamath Palihapitiya: It would take about 8,000 Google quantum chips to crack SHA-256
Billionaire Chamath Palihapitiya said in an online meeting that it would take about 8,000 Google quantum chips to crack SHA-256.
Earlier today, Chamath Palihapitiya posted on X: Quantum computing will pose a risk to v1 encryption methods, but the time frame is very unclear and not in the near future.
CZ: Binance holds a small stake in Platform X
Binance co-founder CZ responded to a community question on X, “Can it be considered that Binance owns shares in the X platform now?” CZ said, “We hold a small stake.”
