PA Daily | PENGU opens the application channel at 21:00 tonight; HYPE continues to rise and exceeds 30 US dollars
Reprinted from panewslab
12/17/2024·6MToday’s news tips:
Pudgy Penguins: PENGU tokens will be available for redemption at 21:00 on December 17
69.3 million XRP were transferred to Binance half an hour ago, worth about $176 million
OKX pre-market trading Hyperliquid (HYPE) briefly breaks through $30
Coinbase will launch Parcl (PRCL) trading at 1 a.m. on December 18
Story Protocol has officially released the Agent TCP/IP white paper
Nigeria cracks down on cryptocurrency scams, nearly 800 arrested
FTX Announcement: Court-Approved Chapter 11 Reorganization Plan to Be Effective on January 3, 2025
regulatory news
21Shares XRP Trust is registered in Delaware, USA
According to Phoenix News, 21Shares XRP Trust has been registered in Delaware, USA, with the registered name “21Shares XRP Trust”. This entity was established as a statutory trust on June 3, 2024, and its registered agent is CSC Delaware Trust Company, with its address in Wilmington, Delaware. As previously reported, 21Shares has submitted an S-1 application and plans to launch the first XRP ETF “21Shares Core XRP Trust”.
The Hong Kong government recently announced that it has informed the OECD Global Forum on Tax Transparency and Effective Exchange of Information that Hong Kong is committed to implementing the Crypto-Asset Declaration Framework (Declaration Framework) to enhance international tax transparency and combat cross-border tax evasion activities. Hong Kong is committed to implementing the reporting framework on a reciprocal basis with suitable partners who meet standards for protecting data confidentiality and security. Taking into account the latest timetable set by the Global Forum, the government initially plans to complete the required local legislative amendments on or before 2026 and start the first automatic exchange of information under the reporting framework with relevant tax jurisdictions from 2028. The OECD announced a reporting framework in June 2023 to ensure that global tax transparency is maintained. As an extension of the existing Common Reporting Standard for the Automatic Exchange of Financial Account Information in Tax Matters, the reporting framework provides for a similar mechanism to automatically exchange crypto-asset accounts and transactions on an annual basis in tax jurisdictions where crypto-asset users or controllers are tax residents. Relevant tax information. To ensure a fair and effective global implementation of the reporting framework, the Global Forum has invited all tax jurisdictions (including Hong Kong) with relevant crypto-asset industries and identified as directly relevant to the reporting framework to implement the reporting framework.
Japanese listed company Metaplanet Inc. announced the issuance of the fourth series of ordinary bonds with a total amount of 4.5 billion yen (approximately US$30 million). The funds raised will be used to accelerate the purchase of Bitcoin. The bonds have an annual interest rate of zero and are expected to mature on June 16, 2025. Debt redemptions will be funded primarily through proceeds from the exercise of previously issued warrants. In addition, Metaplanet plans to further expand its capital operation capabilities through multiple issuances of private placement bonds totaling up to 5 billion yen in the future.
According to Cryptoslate, U.S. President-elect Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order and plans to use the Treasury Department’s Exchange Stabilization Fund (ESF) to purchase Bitcoin. ESF is usually used to respond to financial crises, and its total assets will exceed US$200 billion as of October 2024. If implemented, the plan would put the United States in a leading position in the global race to reserve Bitcoin. Meanwhile, several U.S. states have begun pushing for Bitcoin reserve legislation, including Pennsylvania and Texas. In addition, countries such as Brazil, Poland, and Japan are also discussing proposals to establish national Bitcoin reserves.
Nigeria cracks down on cryptocurrency scams, nearly 800 arrested
According to Reuters, Nigeria’s anti-corruption agency conducted a raid on a seven-story building in Lagos and arrested 792 suspects suspected of involvement in cryptocurrency and romance scams, including 148 Chinese and 40 Filipinos. personnel. The building was used as a call center, mainly targeting victims in the Americas and Europe, through social media and communication platforms to conduct online deceptions disguised as fake cryptocurrency investment projects. Law enforcement officers seized computers, mobile phones and vehicles at the scene. The case may involve transnational organized crime, and relevant investigations are still ongoing.
The U.S. SEC has issued a Wells notice to crypto investment company Unicoin
According to Fortune, the U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to the crypto investment company Unicoin, accusing it of fraud, misconduct and the sale of unregistered securities. Unicoin's main product is a cryptocurrency backed by real assets such as real estate. The SEC’s action aims to block its planned initial coin offering (ICO). Unicoin said it would launch a legal battle with the SEC.
FTX Announcement: Court-Approved Chapter 11 Reorganization Plan to Be Effective on January 3, 2025
According to FTX’s announcement, its court-approved Chapter 11 reorganization plan will take effect on January 3, 2025, and is set as the record date for the first distribution. The first allocation is expected to be made within 60 days of the effective date and will be available to approved claims in the convenience category. FTX has partnered with BitGo and Kraken to assist in distributing recovery payments to customers and creditors. Distribution requirements include completing KYC verification, submitting tax forms and connecting with designated service providers. FTX reminds users to be wary of phishing emails and scam websites and will announce distribution dates for other categories of claims in the future.
NFT project CyberKongz said it received a Wells notice from the U.S. SEC
According to the official announcement of CyberKongz, its team received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). NFT project CyberKongz stated that it has been subject to unfair accusations and misunderstandings from the SEC in the past two years, especially the lack of understanding of blockchain technology. The SEC believes that combining ERC-20 tokens with blockchain games requires registration as securities. This position may have a profound impact on the entire Web3 gaming industry. Additionally, the SEC disputed the April 2021 Genesis Kongz contract migration, incorrectly viewing it as an initial sale. CyberKongz stated that it will resolutely fight for a clearer regulatory path for NFT projects and the Web3 industry, and called on the community to work together to promote the development of the industry.
Project news
Binance will launch the PENGU/USDT perpetual contract on December 18, supporting up to 75x leverage
Simon's Cat (1000CAT) and Pudgy Penguins (PENGU) will be available on Binance financial management, one-click currency buying, flash exchange trading platform, leverage, fixed investment platform and Binance futures. Among them: PENGU/USDT perpetual contract will be launched at 0:15 on December 18, supporting up to 75 times leverage.
The algorithmic stablecoin protocol Nirvana Finance announced that its V2 version will be officially opened to the public at 2 a.m. on December 18, Beijing time (18:00 on December 17, UTC time). This restart not only completes the response to the victims of the 2022 hacker incident comprehensive compensation of investor funds, and also introduces new security, governance and token economic models. In addition, Nirvana V2 has launched a market-driven minting (MDM) framework to ensure that the token ANA has upside potential and limited downside risk through a price floor mechanism supported by reserves. The agreement also plans to gradually expand to assets such as BTC and SOL. According to previous news, the Nirvana Finance hacker pleaded guilty and will hand over his illegal gains and compensate the victims US$5 million.
Kontos announces KOS token economics: 5% is used for airdrops
Kontos Protocol, a blockchain infrastructure project developed by Zecrey Labs, announced its token economic model, with a total supply of $KOS tokens of 1 billion. Among them, the Token Generation Event (TGE) will release 13.937%, or approximately 139.37 million $KOS, 53.63% will be used for ecological community mining, and 5% will be used for airdrops. It is reported that Kontos’ development team Zecrey Labs has received investment support from top institutions such as Binance Labs, Spartan Group, Shima Capital and Fenbushi Capital. According to previous news, Kontos has completed a major upgrade to V2, and the whole-chain transaction experience has been greatly improved.
Pudgy Penguins: About 7 million external wallet addresses are also eligible to receive PENGU tokens
Pudgy Penguins officially announced in the Discord community that in addition to Pudgy Penguins NFT holders, approximately 7 million external wallet addresses are also eligible to receive PENGU tokens, covering multiple protocol users and community members. Users can verify their qualifications through the official claim website, and the deadline for claiming is March 15, 2025. More eligible protocols and community lists will be gradually disclosed as user verification progresses.
According to a report by Binance Research, as of December 16, 2024, the total supply and maximum supply of PENGU tokens are both 88,888,888,888 pieces, and the circulation after the launch is 62,415,951,646 pieces (including HODLer airdrop rewards), accounting for 70.22% of the maximum supply. Among them, the HODLer airdrop allocation is 2,666,666,666.64, accounting for 3% of the maximum supply. In terms of token distribution, 47.87% is used for community airdrops, 29.78% is allocated to the team, 12.35% is used for liquidity, 4% is allocated to public goods, and 3% is used for communication and marketing.
Story Protocol has officially released the Agent TCP/IP white paper
Layer1 intellectual property blockchain Story Protocol announced the launch of Agent TCP/IP, and the white paper has been officially released. This is an experimental framework that allows intellectual property (IP) transactions between intelligent agents, covering training data, creative styles, investment strategies, etc., aiming to usher in a new era of "smart economy". The framework will be integrated with platforms such as ai16zdao’s Eliza, 0xzerebro’s ZerePy, Crossmint’s GOAT and Virtuals’ GAME to ensure seamless IP transactions between smart agents. In addition, Story Protocol stated that Agent TCP/IP was born based on a week of intensive development in the Story AI Agent Lab and combined with research results and feedback from multiple parties. Officials also announced that an experimental demonstration will be launched tomorrow to show how agent personalities ("DNA") can participate in interactions as IP. The relevant code is now online in Eliza's Github repository, and more framework integrations will be supported in the future.
According to SolTradingBot’s official statement, recent rumors about its wallet being stolen are false information and lack any evidence to support it. Officials stated that these accusations are intended to create panic and damage its reputation, and SolTradingBot will continue to be committed to providing users with safe and reliable services. Officials remind users to stay vigilant and only trust information released through official channels.
Pudgy Penguins: PENGU tokens will be available for redemption at 21:00 on December 17
NFT project Pudgy Penguins CEO Luca Netz released an ecosystem update saying that PENGU tokens will be available for redemption at 21:00 on December 17, Beijing time. Pudgy Penguins, Lil Pudgys, Rogs and SBTs holders can participate, and the redemption period is 88 days , unclaimed tokens will be permanently locked and destroyed after the end of the period. To ensure smooth collection, users need to pay attention to the following: 1) Solana wallet balance must retain at least 10 US dollars SOL to pay gas fees; 2) It is recommended to use a desktop device to complete the collection operation; 3) Pudgy Toys and Pudgy World will use Abstract Chain and LayerZero The cross-chain bridge supports PENGU distribution, and relevant details are expected to be announced in January 2024.
Grayscale Horizen Trust is now open to qualified accredited investors
According to official news from Grayscale, Horizen ($ZEN) has completed its last block reward halving. This halving marks a major transformation of the project’s token economic model. The new model will no longer have halvings, but will instead have a gradually decreasing token issuance rate. Meanwhile, Grayscale Horizen Trust provides qualified accredited investors with access to $ZEN without the need to purchase or store the tokens directly.
Avalanche: Avalanche9000 upgrade has been launched on the mainnet
According to The Block, Avalanche announced that it has launched the Avalanche9000 upgrade, which significantly reduces the cost of deploying "subnet" blockchains and running smart contracts, while optimizing the verification mode and reducing the basic fee of the C chain (from 25 nAVAX to 1 nAVAX). This upgrade supports independent operation of the chain through the "Etna" module, significantly reducing project startup costs and meeting different regulatory needs. The Avalanche Foundation has previously raised US$250 million to support upgrade deployment, and it is expected that hundreds of first-level blockchains will be online in the next few months.
Coinbase will launch Parcl (PRCL) trading at 1 a.m. on December 18
According to Coinbase’s announcement, Coinbase will support Parcl (PRCL) tokens (SPL tokens) on the Solana network. Users need to avoid transferring money through other networks, otherwise funds may be lost. The transfer function of this asset is now open and is applicable to regions where Coinbase and Coinbase Exchange support transactions. The PRCL-USD trading pair is scheduled to start trading at 1:00 a.m. on December 18, 2024, Beijing time (9:00 on December 17, PT time), provided that liquidity conditions are met. Transactions will be launched in phases, and some supported regions may have restrictions on PRCL transactions.
important data
Aevo's pre-market trading PENGU temporarily traded at $0.04358, up 10.45% in 24 hours
According to Aevo's pre-market data, Pudgy Penguins token PENGU is temporarily trading at $0.04358, up 10.45% in 24 hours. According to news earlier today, Binance will launch the PENGU/USDT perpetual contract on December 18, supporting up to 75x leverage.
OKX Pre-Market Trading Hyperliquid (HYPE) Briefly Breaks Above $30
According to OKX pre-market data, Hyperliquid token HYPE briefly exceeded $30, rose 4.09% in 24 hours, and is now quoted at $29.5.
69.3 million XRP were transferred to Binance half an hour ago, worth about $176 million
According to Whale Alert monitoring, 69.3 million XRP (approximately US$176 million) was transferred from an unknown wallet to Binance at 15:28:51 Beijing time.
According to SoSoValue data, on December 16, Eastern Time, Bitcoin spot ETFs had a total net inflow of US$637 million yesterday, achieving net inflows for 13 consecutive days. Among them, BlackRock ETF IBIT had a net inflow of US$418 million in a single day, and the total historical net inflow reached US$36.301 billion; Fidelity ETF FBTC had a net inflow of US$116 million in a single day, and the total historical net inflow reached US$12.431 billion. ; Grayscale ETF GBTC had a single-day net inflow of US$17.648 million, Grayscale Bitcoin Mini Trust ETF The net inflow of BTC was US$6.5702 million. As of press time, the total net asset value of Bitcoin spot ETFs has reached US$120.712 billion, accounting for 5.76% of the total market value of Bitcoin, and the cumulative historical net inflow has reached US$36.239 billion.
The Mt.Gox address transferred 1,619.57 BTC 20 minutes ago, worth approximately US$172.54 million
According to Onchain Lens, 20 minutes ago, Mt. Gox transferred 1,619.57 $BTC to two new wallet addresses, worth approximately $172.54 million.
Curve founder purchased 1.08 million CRV in the past 3 hours
According to Spot On Chain monitoring, Curve founder Michael Egorov purchased 1.08 million $CRV (approximately $1.2 million) at an average price of $1.114 in the past 3 hours. This is the first time he has conducted a large $CRV buyback since the liquidation event on June 13. Currently, $CRV price has fallen by approximately 7.8% in the past 24 hours.
An address transferred 4.994 million UNI to Coinbase Prime half an hour ago
According to Ember Monitoring, an address related to the Uniswap team/investor/advisor transferred 4.994 million $UNI (approximately $80.25 million) to Coinbase Prime half an hour ago. The address received 9 million $UNI in the Uniswap Token Generation Event (TGE) in September 2020, which was its first transfer of tokens. After the transfer, the address still held 4.006 million $UNI (approximately $64.29 million).
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