Daily | Musk changed the avatar and nickname of the
Reprinted from chaincatcher
12/31/2024·4MOrganized by: Luan Peng, ChainCatcher
Important information:
- Changpeng Zhao: Don’t predict trends, just help as many projects as possible and observe their development
- Coinbase International Station’s average daily trading volume will increase from US$200 million to US$12.6 billion in 2024
- Yi Communications, a subsidiary of the Deng Chengbo family, sold 6.8% of the Hong Kong Virtual Asset Exchange for HK$15 million.
- Binance will conduct wallet maintenance on the Ethereum network
- Fed’s Daley: Cryptocurrencies should not be confused with gold and are still far from becoming a “currency”
- Cardano founder responds to foundation governance controversy: The foundation has no direct relationship with IOHK and Emurgo
- Bitget has completed the merger and token swap of BGB and BWB
- Musk changed his X platform avatar and nickname to Kekius Maximus
"What important events happened in the past 24 hours?"
Binance founder Changpeng Zhao (CZ) said in X that he is often asked what the next hot spot in the encryption field is. He admits that he doesn't know, he just helps as many projects as possible and observes their development. He emphasized that we do not predict trends but follow them and strive to contribute. He also asked the community: "What do you think will be the next hot spot in the encryption field?"
Coinbase International Station published an article on X to review growth, innovation and market expansion in 2024. The average daily trading volume of Coinbase International Station will increase from US$200 million to US$12.6 billion in 2024, an increase of 6200%. Notional trading volume on December 30 exceeded US$380 billion. The exchange offers up to 20x leverage trading for 106 perpetual contracts.
According to an announcement from the Hong Kong Stock Exchange, Yi Communications, a Hong Kong-listed company owned by the Deng Chengbo family, sold 6.8% of the shares of the Hong Kong Virtual Asset Exchange (HKVAX) for HK$15 million. The buyers were Jingyi Group and businessman Liang Dehui, who purchased it for HK$8.4 million and HK$6.6 million respectively. HKVAX holds approximately 3.8% and 3% equity.
According to information from the Hong Kong Securities and Futures Commission, HKVAX was issued a virtual asset trading platform license on October 3 this year and can operate business in Hong Kong or promote its services to Hong Kong investors.
Binance will conduct wallet maintenance on the Ethereum network
Binance will perform wallet maintenance on the Ethereum network (ETH) at 14:00 on January 2, 2025 (Eastern District Time). In order to support this maintenance, Binance will suspend deposits and withdrawals on the Ethereum network (ETH) at 13:55 on January 2, 2025 (Eastern Eighth District time). The maintenance is expected to take 1 hour. After the maintenance is completed, the recharge and withdrawal services will be automatically resumed.
San Francisco Fed President Mary Daly believes that cryptocurrencies should be considered an independent asset class rather than being lumped together with gold as is often the case , Golden Ten reported .
Daly said: "I think cryptocurrency is a complex thing, and the service we need to provide for everyone is to really interpret what it means, and once we do that, we can define it, it can be a currency, it can Is a medium of exchange, which can also be a stock, an asset that maintains or sometimes loses value. We just need to define these terms.”
"So I don't think it's like gold, it has gold-like properties at times, but I don't think it's a gold-like asset," Daly added.
Cardano founder Charles Hoskinson responded to the controversy surrounding the Cardano Foundation (CF) governance structure, emphasizing the importance of decentralization principles and community oversight. The controversy originated from Rick McCracken, a well-known figure in the Cardano community, who questioned the leadership and transparency of the foundation and believed that there was a lack of effective community supervision.
Charles Hoskinson pointed out that the foundation has no direct relationship with IOHK and Emurgo. The use of the Cardano Foundation's $600 million ADA treasury does not directly represent the community. In his view, foundations’ lack of enthusiasm for funding projects like Catalyst could hinder the development of the ecosystem. This approach could lead to future problems with ecosystem sustainability, especially given that major contributors like IOHK are working without proper incentives.
Charles Hoskinson responded to McCracken's statement saying the comments were "disgusting" and "disappointing". He pointed out that IOHK did have some problems, such as the need to lay off employees during the bear market, but always focused on the ecosystem.
Bitget has completed the merger and token swap of BGB and BWB
According to official news, Bitget has completed the merger and token replacement of Bitget Wallet Token (BWB) and Bitget Token (BGB). The allocation ratio of BGB is 1 BWB = 0.08563 BGB.
The merged BGB will become the only ecological token of Bitget Exchange and Bitget Wallet, and will expand on-chain applications and other usage scenarios to further enhance ecological synergy and user experience.
Musk changed his X platform avatar and nickname to Kekius Maximus
Musk changed the X platform avatar and nickname to Kekius Maximus.
According to Coingecko data, PEPE is currently trading at $0.00001848, a 24-hour increase of 2.3%. The Kekius Maximus token (KEKIUS) has gained 107.0% in 24 hours and is now trading at $0.029.
Jordan’s Council of Ministers approved Jordan’s 2025 Blockchain Technology Policy, which aims to enhance government services, transparency and digital security.
Key objectives of the policy include increasing confidence in government performance and achieving complete security and privacy of citizens’ data. It also aims to reduce the time and costs associated with government transactions, as well as support start-ups, build capabilities and develop expertise in blockchain technology.
The policy is in line with Jordan’s economic modernization vision and aims to achieve excellence in the services sector, support national development and increase service exports. By leveraging blockchain technology, Jordan seeks to increase citizen confidence in government services, increase transparency, combat fraud and reduce operating costs.
Binance Labs posted on social media that as it transitions to 2025, the year of the Wood Snake, Binance Labs expects the crypto industry to enter a dynamic phase. The wood element symbolizes growth and creativity, heralding a year of maturity for innovation and development. The incoming Trump administration’s pro-cryptocurrency stance is expected to create a more favorable regulatory environment.
This shift is likely to increase institutional interest and investment in the crypto space, helping the industry mature and build on a stronger foundation. Binance Labs’ main areas of focus for 2025 are crypto/blockchain, artificial intelligence, and biotech, and it’s also exciting to see innovation emerging at the intersection of these three areas.
It is expected that underperforming industries such as gaming, ZK technology, and privacy solutions may make a comeback as they transition from development to production, supporting new use cases. Additionally, existing narratives such as DeSci, RWA/stablecoins, and AI agents should continue to perform well with strong momentum.
Binance Labs: About to change its name, investing in a total of 46 projects this year
According to official news, Binance Labs officially posted a post on social media looking forward to 2025, saying that it is "about to change its name", but it still focuses on fundamentals and aims to have a long-term impact. Into 2025 and beyond, the agency will continue to support founders who share a vision of long-term building.
In addition, it stated that it has invested in 46 projects this year, 14 of which came from the BNB chain-centered MVB program or the chain-independent laboratory incubation program, and 32 came from direct investment. The split between infrastructure and application deals is 50:50. Among these 46 transactions, 10 belong to DeFi, 7 belong to AI, 7 belong to BTC ecosystem, 4 belong to Restake, 3 belong to games, 2 belong to ZK, 2 belong to RWA, and 2 belong to consumer applications . The remaining investments span infrastructure (from security to wallets and chain abstractions) as well as emerging areas such as Move. About 20% of the investment comes from the BNB ecosystem project (its MVB program).
Changpeng Zhao, founder of Binance, forwarded Errands Gotham’s opinion, saying that Q1 of 2025 will be the most promising period for altcoins in the past 36 months, and its pattern is similar to 2021 and 2017.
Errands Gotham predicts that the BNB chain will perform like Ethereum in 2021 in Q1 of 2025, with a minimum target price of $1,314 and a best target price of $1,986.
According to The Block, Galaxy Ventures remains optimistic about the growth potential of stablecoins and tokenization in 2025. Will Nuelle, general partner at the firm, said stablecoins, particularly in the payments space, continue to demonstrate strong product-market fit and remain a key focus area for capital deployment.
Although tokenization still lags behind the adoption of stablecoins, Nuelle believes it has huge potential. Galaxy Ventures plans to further explore these opportunities. However, Nuelle is less optimistic about Metaverse-related projects, expecting funding to lag in 2025 due to a lack of clear signs of adoption.
According to The Block, Kinjal Shah, general partner of Blockchain Capital, predicts that the scale of crypto market financing will increase as the market strengthens in 2025, but will not return to the historical highs affected by macroeconomics in 2021-2022. The company will continue to seize market opportunities, focusing on areas such as stablecoin infrastructure, innovative distribution models, and DeFi platforms that connect institutional and retail users.
According to The Block, Multicoin Capital co-founder and managing partner Kyle Samani said in an interview with The Block that Multicoin Capital is actively expanding its investment in DeFi applications, especially in the Solana ecosystem, which has grown rapidly this year. Outperforming Ethereum and the second layer ecosystem on key on-chain metrics. “We expect this trend to continue, with Solana-based applications and protocols being the big winners in the next cycle as more users, capital, issuance and activity migrate to the Solana ecosystem.”
Samani also noted that Ethereum will face ongoing challenges and may “even enter a long-term decline” as it faces stiff competition from Solana and other faster, cheaper blockchains. He added: “Unless Ethereum can improve its competitiveness, developers, users and capital will turn to other chains that better meet their needs.”
Additionally, Multicoin is optimistic about stablecoins, which Samani views as “probably one of the greatest technological and financial innovations in our lifetimes.” He said: "Stablecoins have the opportunity to become a giant in 2025. Everyone in the world is hungry for dollars, and stablecoins are the most efficient way to obtain dollars. The design space is vast and we are still in the early stages of the adoption curve."
“What are some great articles worth reading in the past 24 hours?”
As of December 31, the market value of ai16z has approached the US$2 billion mark, with an increase of more than 40% in the past 24 hours. It is worth noting that since the ai16z token came out on October 26, it took less than two months to quickly grow into a project with a market value of nearly US$2 billion, and its market popularity remains unabated and continues to rise.
As "the first AI-driven investment decentralized autonomous organization (DAO)", ai16z can be said to be the king of the AI Agent wave. Its AI Agent construction framework Eliza has successfully supported the release of hundreds of AI Agent projects. , including the popular AI Agent currency issuance project aiPool, and also cooperated with Treasure DAO and Loot Realms to develop small games Smolworl, Eternum, etc.
According to GitHub data on December 31, Eliza, the autonomous agent framework developed by the ai16z team, topped the GitHub December trend list.
With the dual driving force of "investment + Eliza development framework technology", ai16z has become an AI Agent project incubation and production center. So, as an AI Agent incubation center, ai16z, what AI Agent projects does it participate in and support?
2024 is an exciting year for the crypto industry. During this year, cryptocurrency entered the mainstream and institutionalization, compliance and politicization became the core narrative. Bitcoin made headlines of $100,000, announcing the end of the stigmatization of the crypto market, and digital gold was shining. , the new cycle is slowly beginning.
But crypto is much more than Bitcoin, and the market is much more than institutions. The switch of the spotlight has recorded the changes of this year. Bitcoin is a good dancer on the stage, but it is not always the protagonist. Every month of this year, the encryption market will usher in new topics and headlines, and technologies, projects, communities, and characters will appear one after another, running through the ups and downs of 2024, and also writing a colorful chapter for the arrival of 2025. Footnote.
Looking back on the old year and welcoming the new year, the crypto market is still lurking and has unlimited potential in the future.
As the New Year's bell is about to ring, the encryption industry has ushered in a new development node. In the past year of 2024, the market has experienced recovery, innovation and adjustment, leading projects have continued to consolidate their positions, and emerging tracks have quietly emerged, laying the foundation for the future. In this year's ups and downs, VC, as the vane of industry development, has not only witnessed changes in the market, but also shaped the direction of the industry at the intersection of capital, community, and technology.
Standing at the starting point of 2025, PANews invited more than a dozen top VCs to share their observations and thoughts on the encryption industry. They reviewed the highlights of the past year, analyzed the opportunities and challenges of the current market, and made predictions about future development trends. In this rapidly changing field, which projects and tracks are becoming the focus of VCs? Let’s step into the perspective of VCs and explore “yesterday, today and tomorrow” of the encryption industry.
How to seize opportunities as early as possible in the AI Agent cycle?
What are the criteria for selecting Agent? What narratives and practicalities are currently most important to CT?
The flow of ETF funds may indicate the market outlook. Is ETH finally going to take over BTC?
On December 29, Eugene Ng Ah Sio, a trader with great appeal in the cryptocurrency community, released his outlook and expectations for the first quarter of 2025 on X. The prediction indicates that ETH will become the best-performing mainstream token in the next quarter.
Eugene first mentioned three reasons for being bullish on ETH: technical trends; Trump's favor (especially WLF's massive purchase of the Ethereum ecosystem); and the development status of the Base ecosystem. Then he issued another article emphasizing that since Trump was elected, the capital inflow situation of Ethereum spot ETF has undergone a 180-degree change.
Meme Hot List
According to the Meme token tracking and analysis platform GMGN market data, as of 19:30 on December 31:
The top five popular Ethereum tokens in the past 24 hours are: KEKIUS , RAI , SEN , ULTPEPU , MYSTERY
The top five popular Solana tokens in the past 24h are: PLAY, SHIKOKU , CLKEKIUS , Y2K25 , GATE
The top five popular tokens in the past 24h Base are: VIRTUAL , KS11 , SHAKE , AGO , Stonks
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