PA Daily | Binance Launchpool launches Bio Protocol (BIO); Lido launches Ethereum SDK
Reprinted from panewslab
12/23/2024·5MToday’s news tips:
Metaplanet, a Japanese listed company, increased its holdings of 619.7 Bitcoins
Binance Alpha announces a new batch of projects: ZEREBRO, COOKIE, WHALES and ORDER
Pump.fun Lianchuang denies Christmas airdrop rumors
Securitize proposes adding support for BlackRock’s BUIDL token as stablecoin Frax USD
regulatory news
Musk responded to a discussion on social media about the possible early pardon of a well-known figure by the US President (pictured is a composite image of Biden and SBF), saying: "I would be shocked if this doesn't happen."
Phoenix Group, the UAE’s first crypto-listed company, plans a dual listing in the U.S. next year
Phoenix Group, the UAE’s first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve dual listing on Nasdaq in 2025 to further expand internationally, the Financial Associated Press reported. market and enhance global influence. Phoenix Group was established in 2017 and is headquartered in Abu Dhabi, United Arab Emirates. It was successfully listed on the Abu Dhabi Securities Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity to be listed on the Middle East stock market. It is reported that Phoenix Group is the largest cryptocurrency mining business operator in the Middle East and North Africa, with a presence in the fields of mining, custody, trading and investment, and operates a total of 765 megawatts of mining facilities around the world.
According to today's announcement from the crypto asset trading platform Gate.io and the Japan Financial Services Agency, Gate Group announced that its Singapore-based subsidiary Gate Japan KK ("Gate Japan", CEO: Lin Han) has successfully acquired Coin Master Co., Ltd., a Japanese crypto asset trading service provider. All shares issued. At the same time, Coin Master Co., Ltd. has changed its name to "Gate Japan Co., Ltd." from now on. Gate.io issued a statement on July 22, 2024. Since that day, it has stopped opening new accounts for users living in Japan and has gradually terminated global services for users in Japan. However, through this acquisition of Coin Master Co., Ltd., Gate Group hopes to provide Japanese domestic users with exclusive digital asset trading platform services that comply with local regulations in the future, and further promote localized business expansion in the Japanese market.
Metaplanet, a Japanese listed company, increased its holdings of 619.7 Bitcoins
PANews reported on December 23 that according to an official announcement, Japanese listed company Metaplanet announced that it had purchased an additional 619.70 Bitcoins for 9.5 billion yen (approximately $60.69 million), and it currently holds a total of 1,761.98 BTC.
According to CCTV News, US President-elect Trump announced the nomination of Sriram Krishnan as the next senior policy adviser for artificial intelligence in the White House Office of Science and Technology Policy. Trump said in the statement that Sriram Krishnan will work closely with David Sacks to focus on ensuring the United States’ continued leadership in artificial intelligence. Previously, in November, a16z general partner Sriram Krishnan announced that he would leave the company at the end of the year.
According to Bitcoin.com, Amazon founder Jeff Bezos has attracted widespread attention for firmly denying that he and his fiancée Lauren Sanchez are planning a $600 million wedding in Aspen, Colorado. He made it clear that these rumors were pure fiction. In response, a number of billionaires, including Tesla founder Musk, have expressed support for Bezos. Musk even jokingly wished Bezos a big wedding in the future, while Pershing Square CEO Bill Ackman directly dismissed rumors of a $600 million wedding as "not credible." However, while everyone was discussing it, Michael Saylor, the founder of MicroStrategy, cleverly changed the topic. “$600 million buys a lot of Bitcoin,” he quipped. The development comes on the heels of a proposal from Amazon shareholders to encourage the company to invest at least 5% of its assets in Bitcoin (BTC), a recent move that A similar proposal to Microsoft coincides with that. Saylor's comments once again highlight the ongoing efforts to bring Bitcoin into mainstream financial discussions and use popular events to highlight its investment potential. While Bezos laughed off the wedding gossip, Saylor took the opportunity to turn the spotlight on Bitcoin’s promising future as an alternative asset.
Trump appoints Bo Hines as executive director of President’s Digital Asset Advisory Council
According to The Block, U.S. President-elect Donald Trump announced the appointment of Bo Hines as the executive director of his “President’s Digital Asset Advisory Council” to lead its “Encryption Committee.” Bo Hines is a former college football player who unsuccessfully ran for House of Representatives in 2022. "In his new role, Bo Hines works hand in hand with David Sacks to drive innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed," Trump wrote.
Financing
Kettle, an on-chain luxury watch trading market, announced the completion of US$4 million in financing, led by ParaFi Capital. Strategic investors include Zee Prime Capital, Kronos, Signum Capital, IOSG Ventures, and Puzzle Ventures. Funds will be used to build the RWA platform.
According to reports, Kettle is a peer-to-peer marketplace where users can trade luxury watches based on their full financial value. Kettle says the watches on its platform are insurance-certified and stored in the Kettle Vault in New York.
Project news
Binance Launchpool launches the 63rd project, use BNB and FDUSD to obtain Bio Protocol (BIO)
Bio Protocol (BIO) has become Binance’s 63rd Launchpool project and will officially open users to obtain BIO airdrop rewards by staking BNB and FDUSD at 08:00 on December 24 (Beijing time) for a period of 10 days.
Binance plans to list BIO at 18:00 on January 3, 2025 (Beijing time), and open the BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading pairs. The seed tag will be applied to the BIO.
Binance Alpha announces a new batch of projects: ZEREBRO, COOKIE, WHALES and ORDER
According to official news, Binance Alpha announced the list of the fifth batch of projects, which are MGP, ZEREBRO, COOKIE, WHALES and ORDER. It is worth noting that MGP has been announced as early as the fourth batch of Binance Alpha. After checking the contract address, it is obviously the same project.
Binance will launch HIVE/USDT perpetual contract
The Binance Futures platform will launch the HIVE/USDT perpetual contract at 19:30 Beijing time, providing trading services with a maximum leverage of 75 times.
Lido officially released the Ethereum SDK, a development tool library based on TypeScript, designed to help developers seamlessly integrate Lido's staking function into off-chain applications, such as widgets, wallets, etc. The SDK is ready for production environments and provides a series of tools, pre-built methods and clear documentation to support the rapid integration of Lido staking functions. Lido Ethereum SDK is suitable for dApp developers looking to integrate staking functionality, DeFi projects in need of stable staking infrastructure, and builders exploring Ethereum liquidity staking solutions. Its main functions include ETH pledge and pledged asset management, reward tracking and calculation, unpledge and asset packaging functions, protocol statistics tracking, and multi-chain support (such as OP mainnet).
Tokens listed on Binance Alpha performed differently: 17 tokens saw FDV rise, 12 coins saw FDV fall
PANews reported on December 23 that according to statistics from X platform user @sankin_eth, since Binance Alpha launched 29 tokens, the current fully diluted valuation (FDV) of seventeen tokens has increased compared with when Binance Alpha went online, and twelve tokens The current FDV is lower than when Binance Alpha was launched, and FDV of small market capitalization tokens generally has a higher increase. Among them, the token with the largest increase in FDV was Shoggoth, which surged 134.66%; followed by FROG and BOB, with FDV rising by 123.19% and 122.08% respectively. GNON and TERMINUS also doubled, and FDV increased by more than 104%. On the other hand, some tokens FDV experienced large declines. APX's FDV fell the most, reaching 28.12%; GRIFFAIN and SD's FDV fell by 25.41% and 21.39% respectively.
Yat Siu, co-founder and executive chairman of Animoca Brands, posted on X that as a gift to celebrate Christmas, the MOCA token airdrop obtained through MOCA NFT during TGE will be given to the community in two stages. The first phase is mainly given to the MOCA community of interactive users who posted tweets during MOCA TGE. The donation rules for the second phase are still under consideration. Previously on July 12, Yat Siu posted that the number of Moca NFTs he holds has reached 88, and he will give the MOCA token airdrop rewards received through these NFTs to the community.
Pump.fun Lianchuang denies Christmas airdrop rumors
In response to community rumors that Pump.fun will conduct an airdrop on Christmas, Pump.fun Lianchuang Alon clearly responded "False" (fake news) and denied the news.
Securitize proposes adding support for BlackRock’s BUIDL token as stablecoin Frax USD
Decentralized stablecoin protocol Frax Finance is considering integrating BlackRock’s BUIDL token as a reserve asset in its upcoming relaunch of the Frax USD stablecoin, but the decision is subject to approval by a governance process. Securitize Markets wrote a governance proposal for this purpose, pointing out that this move will not only improve the utility, security and convenience of Frax USD, but also reduce the counterparty risk of the reserve. BUIDL token currently manages more than 530 million US dollars in assets, mainly short-term US Treasury bonds. While the proposal has yet to be put to a vote, initial feedback from members of the Frax Finance Decentralized Autonomous Organization (DAO) has been generally positive. At the same time, Frax’s core team is planning to rename its core stablecoin Frax USD (frxUSD) as specified in another governance proposal, and simultaneously launch Staked Frax USD (sfrxUSD) as a yield-generating counterpart. If the partnership with Paxos is successful, frxUSD will be directly convertible into fiat currency and may benefit from Frax Finance’s efforts to gain access to the U.S. Federal Reserve System’s master account. The new minting-redemption system will also accompany the launch of stablecoins. Under the new system of "designated custodians", if the governance allows its assets to support frxUSD, relevant entities can obtain the minting-redemption rights of frxUSD. Competitive tokenized fund platform Superstate has also proposed two governance proposals, recommending that Frax adopt its USTB Treasury Bond and USCC Crypto Arbitrage Fund as stablecoin support. Superstate called on Frax to allocate up to $20 million to its USCC fund and up to $100 million to its USTB fund.
point of view
Adam, a macro analyst at Greeks.live, posted on the Currently, ETFs are the main source of external funds for the crypto market. The pressure of capital outflows on the crypto market has increased significantly compared with previous years, and the market has a strong risk aversion sentiment. Regarding the outlook for the crypto market, there has not been a major correction in this bull market. Funds are now tight during the Christmas holidays. We do not rule out a deleveraging before Trump takes office, and the market has strong risk aversion. Regarding the crypto interest rate market, nearly $12 billion of options have expired in the options market, accounting for more than 40% of the current total positions. Large investors and market makers are actively adjusting positions. Paying more attention to the market can occasionally obtain good opportunities to pick up opportunities. There is not much expected volatility on Christmas this week. The market is more betting on the market situation before and after Trump takes office at the end of January. It is still a good opportunity to buy options in the near future.
Matrixport said that the rebound of Ethereum and other altcoins was limited and difficult to form a sustained rise, while Bitcoin still firmly controls the market dominance. At present, the market lacks significant good news support, and Ethereum's dominance rate has further declined. Since the launch of the Ethereum ETF in early summer 2024, it has failed to reverse its decline despite attracting billions of dollars in capital inflows. Analysts believe that Ethereum investors may need to wait for a more favorable market environment, and it is expected that 2025 will usher in a new round of rising opportunities to help the market get rid of the current downturn.
According to Santiment analysis, crypto market sentiment has rapidly shifted from bullish to bearish over the past two weeks, especially after market cap corrections (particularly for altcoins). Investor interest in Meme coins has dropped significantly, while attention to Bitcoin has increased again.
Santiment notes that this market panic and pessimism is a healthy part of the cycle, providing patient traders with the possibility to take advantage of “market panic” opportunities.
Justin Sun talks about issuing coins: The key lies in whether to increase business value
Sun Yuchen expressed his views on the currency issue on social media. He said that the currency issue itself is a financial tool and innovation, but the financial tool cannot directly determine the business value and is just an amplifier. He compared currency issuance to a company's IPO and believed that if the business form and business model are incorrect, financial tools will be difficult to save the business; while excellent businesses can demonstrate stronger value through suitable financial tools. He emphasized that whether the currency is valuable needs to be judged by the business person in charge. The core lies in whether the business efficiency, user experience and business pain points are improved after the currency issuance.
important data
20,000 ETH were transferred from Binance to an unknown wallet, worth over $66.05 million
According to Whale Alert monitoring, at 16:04 on December 23, Beijing time, 20,000 ETH (worth approximately US$66,054,418) was transferred from Binance to an unknown wallet.
Data: ETFs, governments and MSTR total Bitcoin holdings account for 31% of known Bitcoin holdings
Ki Young Ju, founder and CEO of CryptoQuant, released data saying: “The combined Bitcoin holdings of ETFs, governments and MicroStrategy now account for 31% of known Bitcoin holdings. This is up from 14% last year.” Ki Young Ju emphasized that this is not 31% of all Bitcoins, but 31% of known Bitcoin holders
El Salvador increased its holdings of 29 BTC in the past week, bringing its total holdings to 5,995.
According to Lookonchain monitoring, the El Salvador government is increasing its accumulation of BTC. Over the past week, El Salvador purchased 29 BTC ($2.84 million), bringing its total holdings to 5,995 BTC ($562 million).
According to monitoring by on-chain analyst @ai_9684xtpa, the giant whale sbfonchain.sol spent US$3.63 million to buy 3.25 million FARTCOIN between December 19 and December 20. It has currently lost US$1.224 million and its position has shrunk by 34.5% (cost US$1.1162, current price US$0.7312) ).
According to monitoring by on-chain analyst @ai_9684xtpa, the giant whale sbfonchain.sol spent US$3.63 million to buy 3.25 million FARTCOIN between December 19 and December 20. It has currently lost US$1.224 million and its position has shrunk by 34.5% (cost US$1.1162, current price US$0.7312) ).
According to Spot On Chain monitoring, in the past seven days, the suspected Justin Sun address redeemed 39,999 ETH (US$143 million) from Lido Finance and Etherfi, and then deposited all of it into HTX. Currently, he has 42,904 ETH ($139 million) being redeemed from Lido.
Arthur Hayes deposited 2 million ENA to Bybit, worth $2.06 million
According to OnchainLens monitoring, Arthur Hayes had deposited 2 million ENA into Bybit 2 hours ago, worth US$2.06 million, with an average price of US$0.97. Previously, he had redeemed 9.01 million ENA and deposited $7 million in ENA to Binance.
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