Daily | The U.S. SEC approved Hashdex to launch the Nasdaq Bitcoin and Ethereum Crypto Index ETF; Craig Wright was sentenced to 12 months in prison and suspended for two years for contempt of court; Binance Alpha announced the fourth batch of project toke
Reprinted from chaincatcher
12/20/2024·5MOrganized by: Luan Peng, ChainCatcher
Important information:
- U.S. SEC approves Hashdex’s launch of Nasdaq Bitcoin and Ethereum Crypto Index ETF
- Craig Wright was sentenced to 12 months in prison, suspended for two years, for contempt of court
- The founder of Doodles NFT is suspected of hinting at the issuance of coins, and the floor price of Doodles increased by 61%
- The Beijing Procuratorate penetrated into the path of virtual currency mixing and recovered more than 89 million yuan in stolen money.
- El Salvador Bitcoin Office: $1 million worth of BTC has been transferred to the strategic reserve
- Binance Futures will launch U-standard and currency-based second quarter 0627 delivery contracts for Bitcoin, Ethereum, etc.
- 202nd Ethereum ACDE Conference: Developers discuss Pectra specification updates affecting EIP 7742 and more
- Bankrupt Cryptopia Exchange Starts Returning Cryptocurrencies to Account Holders, Now Repaying $224.9 Million in Cryptocurrencies
"What important events happened in the past 24 hours?"
U.S. SEC approves Hashdex’s launch of Nasdaq Bitcoin and Ethereum Crypto Index ETF
According to documents released by the U.S. Securities and Exchange Commission (SEC), the SEC has approved the listing and trading of Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF. The funds will be listed on the Nasdaq and Cboe BZX exchanges respectively, allowing investors to invest indirectly in Bitcoin and Ethereum through traditional financial markets. The approval includes comprehensive market monitoring protocols to prevent fraudulent and manipulative practices.
Craig Wright was sentenced to 12 months in prison, suspended for two years, for contempt of court
Australian scientist Craig Wright, who claimed to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, suspended for two years. It is reported that he appeared in court via video link and refused to disclose his specific location, but said he would appeal.
Previously , COPA charged Craig Wright with contempt of court and sought a two-year prison sentence.
Burnt toast, the founder of Doodles NFT, posted a piece of text with unknown meaning on the social platform this morning, but the first letter of each word is "token is coming", which seems to imply that tokens will be released.
Affected by this news, the price of Doodles rose temporarily. It reached a maximum of 8 ETH this morning and then fell back. It is now at 6.77 ETH, with a 24-hour increase of 61.77%.
According to the Workers' Daily, the Beijing Municipal People's Procuratorate released the work status of the Beijing Procuratorate's "Procuratorial Protection of Enterprises" special action and released typical cases. In a case of job embezzlement, the defendant defrauded the company of more than 140 million yuan, and the procuratorate tracked the virtual currency to recover the stolen goods and recover the losses.
From 2020 to 2021, Feng took advantage of his position in the service provider and regional operations growth department of a technology company to conspire with Tang Moumou, Yang Moumou and others to defraud the company's service provider bonuses totaling more than RMB 140 million. Feng then directed Tang and Yang to use eight overseas virtual currency trading platforms to convert the money involved in the case from RMB into virtual currency. They used overseas "currency mixing" platforms to confuse the source and nature of the funds, and traded them in the form of virtual currency. Transferred at multiple levels, part of the money involved flowed into accounts controlled by Feng and others in the form of RMB, and part of the money involved was concealed by Feng and others in the form of virtual currency.
In view of the defendant's use of virtual currency to divide the stolen goods and obfuscate the flow of funds through overseas "coin mixing" platforms, the procuratorial organ compared virtual currency and legal currency one by one and conducted a two-way review to accurately identify the flow of funds, and finally prompted Feng to return the Bitcoin. 92 coins were recovered, and a total of more than 89 million yuan in stolen money was recovered, maximizing the economic losses of the victim unit.
On September 14, 2024, the Beijing No. 1 Intermediate People's Court ruled that the defendant Feng and other seven people were guilty of job embezzlement and were sentenced to fixed-term imprisonment ranging from 14 years and 6 months to 3 years in prison, and were fined accordingly. The judgment has taken effect.
El Salvador Bitcoin Office: $1 million worth of BTC has been transferred to the strategic reserve
The El Salvador Bitcoin Office announced on the X platform that BTC worth $1 million has been transferred to El Salvador's strategic Bitcoin reserve.
According to previous news , at 8:07 this morning Beijing time, a wallet address in El Salvador purchased 11 Bitcoins worth US$1.07 million.
Binance Futures will launch U-standard and coin-based mainstream varieties such as Bitcoin and Ethereum within a few hours after the expiration of the quarterly 1227 delivery contract of U-standard and coin-standard at 16:00 on December 27 (Eastern Eighth District time). The second quarter delivery contract is 0627.
Christine Kim, Vice President of Research at Galaxy, summarizes the 202nd Ethereum Core Developer Execution (ACDE) conference call. This week developers discussed the Pectra specification updates affecting EIP 7742, EIP 7702, EIP 2537, and EIP 2935; also discussed the changes from customers The rollout plan for removing pre-merger historical data from end-user and non-Pectra EIP requires feedback from developers.
Additionally, the team is making progress on implementing Pectra Devnet 5.
According to Cryptonews, New Zealand cryptocurrency exchange Cryptopia has begun returning millions of cryptocurrencies to account holders years after its collapse.
After millions of dollars worth of tokens were stolen from the Cryptopia platform in a 2019 cyberattack, Cryptopia filed for liquidation. At that time, approximately $15.5 million was stolen from the platform. However, the platform was hacked again in 2021 during the liquidation period. A former employee stole $170,000 worth of cryptocurrency from a wallet tied to Cryptopia .
The exchange has repaid NZ$400 million ($224.9 million) in cryptocurrency to 10,000 verified account holders. Bitcoin and Dogecoin account holders have received their first cryptocurrency distributions, following a public consultation by the liquidator .
Cryptopia liquidator Grant Thornton noted: “Over NZ$400 million ($224.9 million) in cryptocurrency has been returned on-chain in the past 48 hours.”
Data: The Ethereum Foundation sold ETH 32 times in the past year, 15 times near highs
According to Lookonchain monitoring, since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen by approximately 17%. In the past year, the Ethereum Foundation conducted a total of 32 ETH sales transactions, selling a total of 4,466 ETH (approximately $12.6 million), 15 of which were close to market highs.
Changpeng Zhao: I learned a few minutes ago that Revolut has been listed on BNB
Changpeng Zhao said in X: I learned a few minutes ago that Revolut has been listed on BNB, and the community is growing.
According to Coinpost, Representative Akihisa Shiozaki of the Web3 Working Group of the Digital Society Promotion Headquarters of the Liberal Democratic Party of Japan reported that the Liberal Democratic Party Government Affairs Investigation Committee officially approved the "Emergency Proposal on Converting Crypto-Assets into Assets Beneficial to the National Economy" on the 19th.
The report points out that under the current tax system, income generated from crypto-asset transactions is in principle classified as miscellaneous income and subject to comprehensive tax at a maximum rate of 55% (income tax and resident tax combined), which is more favorable than other countries. harsh. The report also mentioned that the taxation of crypto assets is more stringent than other countries.
In light of the above points, and whether crypto-assets should be considered financial assets that should be invested in by the public, the following should be considered:
- Profit and loss arising from crypto-asset transactions will be subject to a 20% tax rate and a "declaration and separate taxation" system will be implemented.
- Allows losses from crypto-asset gains to be carried forward (available within the next 3 years).
- Crypto-asset derivatives transactions are also subject to the "declaration and separate taxation" system.
Survey: Brazilians invest 7% to 35% of assets in cryptocurrencies
According to Cryptonews, Brazil’s top regulator, the Securities and Futures Exchange (CVM), recently released the results of a survey showing that more Brazilians are now investing, trading or holding Bitcoin and other cryptocurrencies, with investors moving their funds 7% to 35% of are used to purchase these tokens. The study, conducted by CVM in 2023, surveyed the investment behavior of more than 700 people.
Respondents were divided into three categories of investors: "conservative", "stable" and "aggressive". Conservative investors invest an average of 7.25% of their savings in cryptocurrencies, while moderate investors invest 21% of their financial portfolio in crypto assets. Activist investors are the most optimistic, with crypto assets accounting for as much as 35% of their portfolios.
Notably, approximately 50% of respondents consider themselves activist investors, indicating Brazilian investors are enthusiastic about cryptocurrencies. In contrast, conservative investors' portfolios are more traditional, with more than 50% in fixed-income securities such as CDBs and RDBs. They also prefer government bonds and have relatively few choices in overseas currencies.
Binance Alpha announces fourth batch of project tokens
According to official news, Binance Alpha announced the fourth batch of project tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS.
Web3 asset data platform RootData has now launched the V1.2.2 version of the App, which integrates token allocation and unlocking data to help investors conduct investment analysis and decision-making more efficiently.
Currently, RootData has integrated token allocation model data for more than 1,000 projects and token unlocking data for more than 200 projects. Next, RootData will further enrich the number of projects, add more fine-grained data such as investor costs, full-cycle linear release line charts, and integrate this data on the PC side.
“What are some great articles worth reading in the past 24 hours?”
A Conversation with the “Meme Wizard” 0xWizard: How to Catch the Next 500 Billion Dollar Memes
0xWizard is a crypto-Chinese KOL with nearly 200,000 followers on X, known as the "Meme Wizard".
Meme can be said to be a main thread running through this bull market cycle, although it is still difficult for some people to admit it emotionally.
"Be brave to participate in the second wave of opportunities" is the purpose of 0xWizard. Based on the bottom-up market recognition and thinking about the essential reasons, he believes that although the bull market has begun, Meme on the chain has actually just begun.
“There will be 500 more billion-dollar Memes in the future, but it may be difficult to create another 50 billion-dollar Meme.” 0xWizard said in an exclusive interview with ChainCatcher. However, the first-level gameplay and the second-level gameplay of Meme are completely different. For some Meme projects with high valuations that are about to flow into the secondary market, he recommends observing them before building a position.
In the exclusive interview, 0xWizard also shared his methodology for capturing new tracks and new narrative judgments, including the "Three Laws of Bull Market Engines" and the nature of tracks. He discussed several currently popular AI Meme and Meme investment experiences.
On December 13, Mega Labs, the developer of the real-time blockchain MegaETH, raised US$10 million on the famous angel investment platform Echo, and all its shares were snatched up within 50 seconds.
As the first Ethereum “ real-time” blockchain , MegaETH acquired a number of industry insiders such as Vitalik Buterin, Joseph Lubin, Sreeram Kannan, and well-known VCs such as Dragonfly, Figment Capital, Robot Ventures, and Big Brain Holdings in June this year. investment. This time MegaETH gave up the opportunity to raise funds from VCs at a higher valuation. MegaETH Lianchuang Shuyao revealed to ChainCatcher that the new round of financing maintains the same valuation of hundreds of millions of dollars as the June financing, aiming to open the investment window equally to every community participant.
It is MegaETH's consistent style to not play by the rules. When the Ethereum community was talking about longevity and AI in Zuzalu and planning for 10,000 years later, Shuyao found that no one had solved the most urgent problem at the moment, which was the lack of a chain that was fast enough and cheap enough. MegaETH chose to be an anti-hero, to pull Ethereum out of its 10,000-year dream, and seize the day.
Recently, the MEME market seems to be entering a cooling-off period. As the market and hot money flowed to mainstream coins, MEME coins did not have any particularly outstanding tokens throughout the first half of December. Against this background, a MEME coin called Fartcoin bucked the trend and rose, exceeding US$1 billion on December 18, becoming the king of the AI agent series MEME.
Unlike the previous popular social hot spots such as GOAT and Pnut, Fartcoin’s rise seems to lack celebrities and social hot spots. This absurd cultural core is also difficult for many people to understand. This article analyzes Fartcoin’s social media popularity and the top 1,000 currency-holding addresses, trying to answer how Fartcoin rose from zero to US$1 billion.
Recently, with the surge in "antique coins" such as XRP, the news of "Korean aunts rushing into the encryption market" has once again spread in the community. At the same time, the trading volume of XRP, APT and other related tokens on Korean trading platforms such as Upbit and Bithumb even exceeded Binance for a time. In other words, on these tokens, the trading volume of South Korea alone is comparable to the trading volume of the rest of the world combined.
The crypto community has long regarded Upbit's listing as a great benefit for the project. After a token is listed on these Korean exchanges, the price can often surge rapidly in a short period of time. This strong purchasing power has made the world curious about the "Kimchi Premium". How does the Korean cryptocurrency market actually work? What kind of hype logic do investors here have?
Rhythm conducted an interview with Andy, a member of Frax Finance who has been engaged in crypto construction and education in South Korea for many years, and deeply discussed the investment logic and real current situation of the Korean crypto market.
On December 17, the Virtuals Protocol protocol token VIRTUAL exceeded 3 USDT, and its market value reached US$3 billion. Among the tokens mentioned in Solana AI Narrative Interpretation the previous week, "ARC Speeds Through 30 Million Market Value, Understand the Narrative of New AI Tokens in One Article," the "doing" type, or AI with actual products and applications, has seen the most rapid growth.
Meme Hot List
According to the Meme token tracking and analysis platform GMGN market data, as of 19:30 on December 20:
The top five popular Ethereum tokens in the past 24 hours are: PEPU, PEPE , LINK , DOGE , MYSTERY
The top five popular Solana tokens in the past 24h are: NOJEETS , GOBLIN , SQUID2 , PENGAI , UFD
The top five popular tokens in the past 24h Base are: VIRTUAL , BRETT , Fretta , SKI , JESSE
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