Daily | Bitget will destroy US$5 billion of BGB; Binance Alpha announced the 8th batch of project tokens; LayerZero failed to pass the proposal to "turn on the protocol fee switch"

Organized by: Fairy, ChainCatcher

Important information:

• Bitget will destroy over $5 billion worth of BGB, accounting for 40% of the total supply
• Solana Lianchuang Accused of Hiding Millions of Dollars in Pledge Rewards in Divorce Agreement with Ex-Wife
• Binance Alpha launches arc, WHY, APU, HAPPY, FWOG
• The State Administration of Foreign Exchange issued reporting management measures for high-risk transactions such as illegal cross-border financial activities of virtual currencies.
• Binance BNSOL Super Collateral Lists MANTRA (OM)
• LayerZero’s vote on “turning on the protocol fee switch” failed
• Strive Asset Management applies to U.S. SEC for Bitcoin bond ETF
• Bitwise submits application to the U.S. SEC to list the “Bitcoin Standard Company” ETF

"What important events happened in the past 24 hours?"

[Cambodia approves commercial banks and payment institutions to provide

crypto-asset services, including stablecoins and secured cryptocurrencies](https://www.chaincatcher.com/article/2159492)

The National Bank of Cambodia (NBC) has approved commercial banks and payment institutions to provide stablecoin or secured cryptocurrency-related services. This is the first time NBC has approved such a service, with the directive issued on December 26 and announced on December 27. Yet Bitcoin is still banned.

According to the new regulations, institutions need to obtain NBC's prior approval before they can conduct crypto asset exchanges, inter-account transfers and custody services.

[Bitget will destroy over $5 billion worth of BGB, accounting for 40% of

the total supply](https://www.chaincatcher.com/article/2159476)

The Bitget team released a new version of the BGB white paper, announcing the introduction of a repurchase and destruction mechanism. In the first destruction, 800 million BGB held by the core team will be destroyed at one time, accounting for 40% of the total supply. According to the current price of BGB, the value of the destroyed part is more than 5 billion US dollars. After burning, the total supply of BGB will be reduced to 1.2 billion and will be 100% in circulation.

At the same time, BGB will start quarterly repurchase and destruction. Starting in 2025, Bitget will use 20% of the quarterly profits of the exchange and wallet business to repurchase and destroy BGB. The profit will be made up of the spot, contract, and leverage transaction fees of the Bitget Exchange. As well as Bitget Wallet's Swap, contracts, NFT transaction fees and other income components.

The white paper also introduces BGB's future equity plan, which will focus on three parts: on-chain application scenarios, PayFi payment scenarios, and on-site equity scenarios, allowing BGB to become a mainstream asset and deeply integrate into popular public chains and leading DeFi ecology.

Bitget CEO Gracy Chen said: "The Bitget team chose to proactively destroy more than 5 billion US dollars of platform coins, which fully demonstrates our firm determination to uphold long-termism. In the past ten years, CEX has played a vital role in promoting the development of the encryption industry. Role. As more applications and activities gradually migrate to the chain, Bitget will use BGB as the core to build an integrated on-chain and off-chain ecosystem and continue to promote industry innovation and development.”

[Solana Lianchuang accused of hiding millions of dollars in pledge

rewards in divorce settlement with ex-wife](https://www.chaincatcher.com/article/2159481)

According to DLNews, Solana co-founder Stephen Akridge allegedly concealed millions of dollars in staking rewards during his "acrimonious" divorce from ex-wife Elisa Rossi. Rossi filed suit in California state court seeking withheld pledge rewards. Their marriage lasted for nearly ten years, during which time they accumulated a large amount of wealth, mainly from Akridge's founding role in Solana Labs.

According to the lawsuit, Rossi claims the divorce process was "long and contentious." As part of the divorce settlement, she was entitled to a portion of the SOL token proceeds, but Akridge did not give her the staking rewards, causing her to lose "millions of dollars." After learning that Akridge had concealed these staking rewards, Rossi contacted him multiple times to request their return, but was met with a cold response.

[The State Administration of Foreign Exchange issued reporting

management measures for high-risk transactions such as illegal cross-border financial activities of virtual currencies.](https://www.chaincatcher.com/article/2159465)

According to an announcement from the State Administration of Foreign Exchange, the "Measures for the Administration of Bank Foreign Exchange Risk Transaction Reports (Trial)" have been released and will come into effect from now on. The "Measures" are supporting documents of the "Measures for the Management of Banks' Foreign Exchange Business Development (Trial)" and are intended to strengthen banks' foreign exchange risk management and conduct early identification and early detection of high-risk transactions such as suspected false trade, underground banks, and illegal cross-border financial activities involving virtual currencies. Early warning and early treatment.

The main contents include: clarifying the reporting responsibilities of banks on foreign exchange risk transactions, requiring the establishment of a monitoring system and submission of reports; stipulating the scope of information reporting, including activities suspected of illegal and illegal cross-border capital flows; clarifying the content of the report, such as the basic situation and planned measures ; Strengthen internal management measures, including internal control systems and data confidentiality management.

[Binance BNSOL Super Collateral Lists MANTRA

(OM)](https://www.chaincatcher.com/article/2159456)

Binance BNSOL Super Collateral will launch the third phase of the project MANTRA (OM). MANTRA is a layer 1 blockchain built specifically for tokenizing real-world assets.

From 08:00 on January 1, 2025 to 07:59 on February 1, 2025 (Eastern Eighth District time), users who hold BNSOL in their Binance accounts and Binance wallets, or pledge SOL to BNSOL, will Get OM APR Boost airdrop rewards.

[Binance Alpha launches arc, WHY, APU, HAPPY,

FWOG](https://www.chaincatcher.com/article/2159446)

According to official news, Binance Alpha announced the 8th batch of project tokens, including arc, WHY, APU, HAPPY, and FWOG.

[The founder of ai16z joins the Eliza project as a

consultant](https://www.chaincatcher.com/article/2159424)

AVA posted on the X platform that ai16z founder Shaw has joined the Eliza project as a consultant. At the same time, Eliza Studios director and ai16z creative person Jeff, Nous Research researcher Ropirito and Ryze Labs founder Matthew also announced that they have become consultants for the Eliza project.

[LayerZero’s vote on “turning on the protocol fee switch”

failed](https://www.chaincatcher.com/article/2159414)

The LayerZero voting on the “turn on fee switch” proposal has ended. Due to the lack of quorum, the LayerZero protocol fee switch will remain closed and the next vote will be held in six months.

[Citi: Cryptocurrencies will surge in 2025, driven by Trump policies and

ETF inflows](https://www.chaincatcher.com/article/2159387)

According to Bitcoin.com, Citibank analysts predict that cryptocurrencies will achieve strong growth in 2025, driven by Trump’s policies, increased ETF inflows, and stablecoin innovation. Bitcoin's breakout above $100,000 may be just the beginning.

Citi analysts expect a shift in regulation, explaining that this is less a story of deregulation and more of a story of removing resistance, meaning that policies are likely to reduce barriers that previously hindered growth rather than deregulate. Widespread adoption remains key to cryptocurrency’s long-term success.

[Bitwise submits application to the U.S. SEC to list the “Bitcoin

Standard Company” ETF](https://www.chaincatcher.com/article/2159380)

According to Cointelegraph, Bitwise has submitted an application to list the “Bitcoin Standard Corporations ETF” with the U.S. Securities and Exchange Commission (SEC).

The fund aims to provide exposure to stocks of companies that adopt the Bitcoin standard and hold at least 1,000 BTC in corporate financial assets.

[Strive Asset Management applies to U.S. SEC for Bitcoin bond

ETF](https://www.chaincatcher.com/article/2159378)

Vivek Ramaswamy’s Strive Asset Management has filed for a Bitcoin Bond ETF with the U.S. Securities and Exchange Commission (SEC).

“What are some great articles worth reading in the past 24 hours?”

[What projects on Hyperliquid, the dark horse of the bull market, are

worth participating in?](https://www.chaincatcher.com/article/2159479)

In every bull market, a dark horse exchange emerges, and Hyperliquid seems to be the dark horse in this bull market.

Although it has not yet been listed on CEXs such as Binance and Coinbase, Hyperliquid's fully diluted valuation (FDV) has now reached US$27 billion, ranking among the top 30 crypto assets in market value. The performance of its HYPE token is even more eye-catching. The initial price of the initial token issuance TGE was set at US$3.9 per coin. Within a month, the price peak was close to US$35 per coin, making it a highly sought-after asset, causing many to be disappointed. investors broke their legs.

But if you miss Hyperliquid and Hyperliquid ecological projects, you might as well take a look at what projects on Hyperliquid are worth participating in.

[Cryptocurrency forecasts for 2025 from various agencies have been

released one after another. Did they all get it right last year?](https://www.chaincatcher.com/article/2159309)

It’s time to correct your homework - this article will take you to a one-stop review of the popular predictions and actual performance of the encryption industry in 2024. Take a look at the market predictions of top investment research institutions such as Binance Labs, Coinbase Venture, a16z, Messari, Pantera Capital, etc. last year How many of them have been realized? After all, their predictions for this year are out again.

Forecasting is a battle of intelligence and vision, and the market gives the answer with ruthless reality. Get ready, let’s take a look at this year’s crypto world!

❌ means the prediction is wrong or not completely correct

☑️ means the prediction is correct

⭕️It means it is not completely accurate and there is room for discussion.

[2024 Encrypted AI track narrative evolution: from decentralized GPU,

data and other infrastructure to AI Agent | Annual review](https://www.chaincatcher.com/article/2159408)

In 2024, the "Crypto+AI" (encrypted AI) field achieved unprecedented breakthrough growth. At the beginning of the year, this field consisted of only a few projects, but now it has become an independent track that cannot be ignored in the encryption market.

According to the latest data compiled by ChainCatcher, the total asset market value of the crypto AI sector has exceeded the US$70 billion mark on December 7, accounting for the highest proportion of 2% in the entire crypto market, and the annual growth rate has reached 400%.

At the same time, the number of encrypted AI projects has also shown explosive growth, currently exceeding 600, covering multiple categories of products such as decentralized AI infrastructure and AI Dapps.

Looking back on 2024, the crypto AI narrative has undergone several major changes. At the beginning of the year, the Sora project launched by OpenAI ignited a wave of hype for crypto AI infrastructure. Subsequently, the convening of the NVIDIA AI annual conference pushed decentralized GPUs into the focus of market attention, and investors began to pursue AI decentralized infrastructure. In the middle of the year, the crypto AI track ushered in an investment boom. Crypto VC institutions announced their plans one after another. Many crypto projects received financial support, accelerating the development and application of technology. At the end of the year, the outbreak of AI Agent Meme pushed the narrative of encrypted AI to a new climax.

Meme Hot List

According to the Meme token tracking and analysis platform GMGN market data, as of 19:40 on December 27:

The top five popular Ethereum tokens in the past 24 hours are: SEN, MOODENG , RAI , KHAMOO, MYSTERY

The top five popular Solana tokens in the past 24h are: GUZUTA, FUSH, SHIKOKU, PEWZY, YUPI

The top five popular tokens in the past 24h Base are: COPE , SKICAT, MOEW, CLANKER, BRETT