PA Daily | Binance will open SOLV/USDT trading on January 17; listed company KULR Technology purchased $21 million in BTC
Reprinted from panewslab
01/06/2025·5MToday’s news tips:
Binance Alpha adds FREYA, pippin and OPUS
Shiba Inu ecological token TREAT will be launched on January 14th
OpenAI announces new products for 2025, including agents and AGI
Data: Vitalik sells over $116,300 of ESTEE
Regulation/Macro
Interactive Brokers is taking action to significantly reduce its exposure to MSTR
According to Bitcoin News, Interactive Brokers is tightening its exposure to MicroStrategy (stock code MSTR) and gradually increasing margin requirements. By January 13, 2025, the margin requirements will increase to a minimum of 50%. This is a clear indication that they are preparing for the big swings to come.
Project news
Binance Alpha adds FREYA, pippin and OPUS
Binance Alpha announced a new batch of project lists, including: FREYA, pippin and OPUS.
According to Binance’s announcement, the Solv Protocol MegaDrop event is now open. It is reported that Binance will list SOLV at 18:00 on January 17 and open the SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY trading pairs, and mark SOLV with a "seed" tag. This Megadrop reward pool contains 588 million SOLV, accounting for 7% of the genesis token supply. Previously, Binance Megadrop listed Solv Protocol (SOLV).
Kye Gomez, founder of swarms, revealed on the X platform that the upcoming features of the AI agency protocol swarms market are designed to empower creators, enhance collaboration, and simplify automated processes in the swarms ecosystem. These features include: Automated generation and upload: Seamlessly create agents, tools, and clusters and then upload them directly to the marketplace. Paywall Integration: Profit by pricing proxies for sale, allowing others to purchase your creations. Swarms token integration: Use Phantom to perform agency trading operations through swarms tokens to simplify the transaction process. Swarms automatic cloud deployment: You can start the Swarm API in the cloud with one command, which is easy and efficient. Agent quality reward: According to the framework evaluation, publishing high-quality agents can be rewarded with swarms tokens. Live Chat and API: Enable real-time interaction and API capabilities for every agent, cluster, tool, and directive. Usage Tracking: Monitor real-time agent usage with detailed tracking tools.
GMGN: Pirated GMGN App appears in App Store, please do not download and install it
GMGN.Ai stated on the Information from official channels shall prevail. In addition, the development account review of the IOS version of GMGN APP has been passed, and a Testflight version is expected to be launched within a week. The App Store version still needs to wait for review.
Shiba Inu ecological token TREAT will be launched on January 14th
According to official news, Shiba Inu ecological token TREAT announced its launch date on January 14th. This follows news last April that the Shiba Inu team raised $12 million by selling unissued TREAT tokens to non-U.S. venture capital investors to develop its new privacy-focused Layer 3 blockchain. According to Shiba Inu, the TREAT token is a “utility and governance token” for its new privacy-focused Layer 3 blockchain, which is built on Shibarium, the Ethereum Layer 2 blockchain.
OpenAI announces new products for 2025, including agents and AGI
According to the Financial Associated Press, OpenAI CEO Sam Altman announced technology products to be released in 2025 last week. They are: AGI (general artificial intelligence), Agents (agents), better GPT-4o upgraded version, better memory storage, better context window, "Grow up mode" (adult mode), in-depth research features Functionality, better Sora, better customization.
Aave governance proposal plans to link Ethena’s USDe to USDT, causing community concerns
According to Protos, the Aave Governance Forum recently put forward a proposal to link USDe to Tether’s USDT at a 1:1 ratio. This proposal has raised concerns about potential conflicts of interest, especially given the risks of decoupling between the two. difference. The proposal, currently in the solicitation stage, aims to replace the existing Chainlink USDe/USD oracles by hardcoding the USDe price to match the USDT price in the Aave pricing feed, ensuring seamless integration and reducing the risk of USDe price fluctuations. The interruption comes. However, two of the proposal's co-authors are from Ethena-affiliated risk management firms ChaosLabs and LlamaRisk, prompting MakerDAO community member "ImperiumPaper" to question conflicts of interest, likening it to a real estate agent representing both buyers and sellers. . Additionally, Tether is (ostensibly) fully backed by off-chain assets, ensuring the ability to exchange USDT for USD off-chain at a 1:1 ratio. In contrast, USDe, which is backed by a delta-neutral balance of long and short positions, faces the risk of “persistent negative funding rates,” which could occur if market sentiment turns bearish. One user likened the move to an "aggressive growth proposal", while another criticized the circular logic of acknowledging different risks and then treating assets as having the same value, rather than taking appropriate action . In response, Ethena founder Guy Young denied any conflict of interest and highlighted the risk committee established by the project to "provide external discipline and accountability regarding the ongoing management of the product."
point of view
According to the "January 2025 Market Insights" report released by Binance Research, the crypto market value soared to a record high of $3.91 trillion in December 2024, driven by regulatory optimism, institutional adoption and Bitcoin's record high ($108,000) . However, as the Federal Reserve scaled back its interest rate cut plan from four to two in 2025, the market corrected at the end of December and more than $0.5 trillion in market value was wiped out. Bitcoin's market value increased by approximately 123.4% throughout the year, becoming the seventh largest asset in the world, surpassing Saudi Aramco and silver, and second only to Nvidia's performance. Key drivers include spot ETF approvals, Bitcoin halving, monetary policy changes, and expectations of more crypto-friendly regulation. In addition, Ethena’s USDe market capitalization has reached US$5.9 billion, surpassing DAI to become the third largest stablecoin, thanks to its high yield and application as Aave collateral. Decentralized spot and perpetual contract trading volumes reached record highs of US$326 billion and US$356 billion respectively in December, while decentralized perpetual trading volume grew by over 370% throughout the year, mainly driven by Hyperliquid. TVL in the DeFi field also reached a new high, with lending protocols and liquid pledge protocols reaching US$55 billion and US$71 billion respectively. AI agents have gradually become an emerging hot spot in the encryption field. The market value of related tokens has reached billions of dollars, with an average daily exposure of about 100,000 times. Representative projects include Virtuals and ai16z’s Eliza framework, as well as individual agents aixbt, etc.
According to Matrixport analysis, the performance of stablecoins is an important indicator of the crypto market. Generally, the growth of Tether's market value reflects the inflow of more legal currency funds, while the increase in trading volume indicates that market sentiment is biased toward bullishness. However, recent data shows that Tether's market value and trading volume have declined, but analysts believe that this may only be a seasonal downturn caused by the Christmas holiday, rather than a clear signal that the market has turned bearish. As the new year begins, it remains to be seen whether the market will resume its rally.
In an article related to the d/acc concept published today, Ethereum co-founder Vitalik Buterin proposed the establishment of a global "soft pause button" to replace the dangerous artificial general intelligence (AGI) competition. The button's function is to "at critical moments , reducing the global available computing power by approximately 90%-99% for 1-2 years, giving humans more time to prepare.” In response, some users commented: “I strongly oppose Vitalik. Buterin and d/acc's point. Without the use of military force to enforce it (which obviously won't happen), suspending 90%-99% of global computing power for 1-2 years is a naive proposition with a modest chance of slowing down. slim.” Vitalik then responded: "Yes, I agree that this is a difficult task, but almost all proposals to deal with strong artificial intelligence are difficult in some way. I think the key idea in this proposal is that it is more difficult than Other pause ideas are less tough because it's enforced at the hardware level, so key decisions are made before the high-stakes period begins, and 'defections' require making new hardware (rather than just secretly dialing in a few switch), which requires months of preparation.” Following news earlier today, Vitalik said that many encryption technologies can be used in the subject area of d/acc.
important data
Data: Vitalik sold over $116,300 of ESTEE
According to Onchain Lens monitoring, Ethereum co-founder Vitalik Buterin has sold 5.054 billion $ESTEE tokens in exchange for 116,306 $USDC. In addition, 13 hours ago, he sold 340 $LDOG tokens and received 5.2 $ETH.
According to monitoring by The Data Nerd, a smart money investor purchased 13.18 million BUTTHOLE tokens (based on the Solana chain) for US$14,800 9 days ago. Three days later, the investor added an additional 6.59 million tokens to the liquidity pool, and has not yet sold any tokens. As of now, its unrealized gains are approximately US$1.29 million, and its return on investment is as high as 87 times.
According to on-chain analyst Ember Monitoring, KULR Technology, a New York Stock Exchange-listed company, withdrew 213.4 BTC (approximately $21 million) from Coinbase Prime 20 minutes ago. This should be their second BTC purchase. KULR Technology announced their Bitcoin treasury strategy in December 2024, which means to buy 90% of the company's cash into BTC. The first purchase was on December 24, spending $21 million to buy 217.18 BTC at a price of $96,556. Today’s purchase should be the second. They currently hold 430.6 BTC (approximately $42 million) at a cost of $97,537.
The giant whale with a band winning rate of 82% once again added 2,000 ETH short orders
According to monitoring by on-chain analyst @ai_9684xtpa, the market rebounded, and the whale, with a band winning rate of 82%, once again added 2,000 ETH short orders. In the past half hour, he lent another 3,000 ETH from Aave and sold 2,006 of them (approximately $7.34 million) at an average price of $3,660.9; his current short position has increased to 23,616 ETH, worth $86.67 million, with an average short price of 3,475.59 US dollars, with a floating loss of US$4.568 million. The health of the main position address is 1.14, and the liquidation price is $4197.88.
The market value of USD0 surpassed FDUSD and became the fifth largest stablecoin in market value.
DefiLlama data shows that the market value of stablecoin developer Usual's stablecoin product USD0 reached US$1.813 billion, a 1-month increase of 237%, exceeding FDUSD's current market value of US$1.712 billion, ranking fifth in the market value of stablecoins.
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