24 H popular currencies
1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -5.32%
ETH: -6.3%
XRP: -9.7%
SOL: -7.8%
DOGE: -8.81%
PEPE: -13.16%
BNB: -3.76%
SUI: -6.37%
PENGU: +22.76%
ADA: -8.37%
24-hour price increase list (data source: OKX):
GEAR: + 37.19%
UXLINK: +27.52%
PENGU: +24.47%
VELODROME: +9.6%
MOVE: +5.77%
MORPHO: +4.49%
ZENT: +2.7%
CTC: +1.52%
DAI: + 0.05%
2. Top 5 popular memes on the chain (data source: GMGN):
LI
Daige
CATAI
WheelSnake
QBC
3. Todays most searched currencies
LI: LI (HhUVk...ump) is the Solana Meme coin. The token was issued by a Chinese artist living in Italy, Li, and his team, who run a Twitter account that claims to be a decentralized news account with over 1.878 million followers. The token logo is Li’s pet cat.
USUAL: Usual is a stablecoin developer. Yesterday, it announced the opening of token airdrops and launched spot trading on Binance. The price of USUAL reached a high of 1.2073 USDT, and the current market value is 447 million US dollars.
Headlines
Fed cuts rates by 25 basis points , forecasts two more rate cuts in 2025
The Federal Reserve has concluded its annual interest rate decision for 2024. The bank decided to cut the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third consecutive rate cut, which was in line with expectations. In eight decisions this year, the Federal Reserve has cut interest rates by a total of 100 basis points, including one 50 basis point cut, two 25 basis point cuts, and five other cuts to keep interest rates unchanged.
Meanwhile, the Fed’s dot plot shows that two rate cuts are expected in 2025 (four were expected in September).
Powell: Currently not allowed to own Bitcoin, and does not want to change the law
Federal Reserve Chairman Powell: (When asked about Bitcoin reserves) We are not allowed to have Bitcoin and we do not want to change the law.
The median of the Feds dot plot: the cumulative interest rate cut will be 50 basis points by 2025
The Federal Reserves dot plot shows that among the 19 officials, one official believes that there should be no interest rate cut in 2025, three officials believe that the interest rate should be cut by 25 basis points in total in 2025, 10 officials believe that the interest rate should be cut by 50 basis points in total in 2025, three officials believe that the interest rate should be cut by 75 basis points in total in 2025, one official believes that the interest rate should be cut by 100 basis points in total in 2025, and one official believes that the interest rate should be cut by 125 basis points in total in 2025.
Industry News
Fed expects inflation to reach 2% by 2027
Fed officials now expect inflation to reach 2% in 2027, later than the previous estimate of 2026.
Australian Securities and Investments Commission sues Binance Australia
The Australian Securities and Investments Commission (ASIC) said it is suing cryptocurrency company Binance Australia, alleging it failed to protect consumers after it offered cryptocurrency derivatives products to 505 Australian retail investors who were misled into believing they were wholesale clients.
The Hong Kong Securities and Futures Commission today issued licenses to four virtual asset trading platform applicants that were deemed to have been licensed under the expedited licensing procedure. The four virtual asset trading platform applicants are Cloud Account Greater Bay Area Technology (Hong Kong) Co., Ltd., DFX Labs Company Limited, Hong Kong Digital Asset Exchange Group Co., Ltd. and Thousand Whales Technology (BVI) Limited. The SFC is reviewing the remaining applications under the same expedited licensing procedure.
Project News
Renzo officially announced that it has opened the third quarter airdrop application, and a total of 400 million REZ will be airdropped, accounting for 4% of the total supply. During the third quarter event from July 26 to November 30, users who have accumulated more than 1,000 points can receive the airdrop, and the total number of airdrop addresses is 81,684.
ai16z: v 0.1 is coming soon, Eliza will write code on her own
According to official news, the ai16z team is about to launch v 0.1 of the github adapter and conduct a POC demonstration on the ai16z Dao repository itself. The agent will submit to Eliza through the github adapter, using the repository as context. From then on, the AI agent will read and reflect autonomously.
ai16z partner Shaw said that Eliza will write code independently, and the team will only be responsible for reviewing and organizing it.
Binance Alpha announces first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT
Binance Alpha announces the first batch of projects: KOMA, Cheems, APX, ai16z and AIXBT.
Binance Alpha announces second batch of projects: CKP, GEAR, SD, SYRUP and Fartcoin
According to official news, Binance Alpha announced the second batch of projects, namely: CKP, GEAR, SD, SYRUP and Fartcoin.
Kelp DAO announces KERNEL token economics, 20% of total tokens for airdrop
The re-staking project Kelp DAO announced the KERNEL token economics on the X platform. The specific token distribution is as follows:
-55% for community rewards and airdrops: 20% for airdrops; 35% for future community rewards.
-5% Ecosystem and Partners.
-20% Private Sale.
-20% Team and Advisors.
Investment and Financing
Plume Completes $20 Million Series A Funding
Plume, a fully modularized integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), announced today that it has completed a $20 million Series A financing round. This round of financing was jointly invested by Brevan Howard Digital, Haun Ventures, Galaxy Ventures and Lightspeed Faction, and Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures and other institutions participated in the investment.
Lens developer Avara completes $31 million in new round of financing, led by Lightspeed Faction
Avara, the development company behind Aave, Lens and Family, announced the completion of a new round of financing of US$31 million, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re 7 and Wintermute Ventures, as well as a group of angel investors.
Character*Voice
He Yi: BNB Chain ecological projects will be the focus of Binance Alpha observation
In todays Binance AMA event, Binance co-founder He Yi said that the listing of projects on Binance Alpha does not mean that they will be listed on the Binance platform in the future; BNB Chain ecosystem projects will be the focus of Binance Alphas observation, because the BNB Chain ecosystem currently has a large amount of traffic and many hot projects.
Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, said at the end of his latest article that the cryptocurrency market will experience a painful crash around Trumps inauguration on January 20, 2025, before entering the crash phase of the bull market. Maelstrom (Arthur Hayes fund) will reduce certain positions in advance and hopes to pick them up again at a lower price sometime in the first half of 2025.
Arthur Hayes added: If the market breaks out around January 20, we will admit that we were wrong and will lick our wounds and get back on board.
Galaxy Research: NFT market is recovering as trading volume surges
Galaxy Research said in a report on Monday that the NFT market is showing signs of recovery. The NFT market began to recover in November after the US election and the subsequent rebound in the cryptocurrency market. The report pointed out that the weekly trading volume of NFTs exceeded $100 million in early November for the first time since May, and reached $172 million on December 2; the recovery was mainly driven by the increase in activity of the top 25 NFT collections by market value, and the participation of major market platforms such as OpenSea, Blur and Magic Eden also increased.
MicroStrategy co-founder: New purchase plan will be implemented if necessary
MicroStrategy co-founder Michael Saylor: New purchase plans will be implemented if necessary. Refused to comment on whether to meet with US President-elect Trump. If invited, would consider serving as a member of the advisory board.
