PA Daily | Solv Protocol’s official
Reprinted from panewslab
01/05/2025·5MToday’s news tips:
1. The People's Bank of China holds a 2025 work conference: Do a solid job in digital RMB research and development and other work
2. The official X account of Solv Protocol was stolen, and the official X account of Centrifuge, the RWA lending protocol, was stolen.
3. In the past week, NFT transaction volume fell 17.54% month-on-month to US$132.7 million, and the number of buyers and sellers both increased by more than 20% month-on-month.
4. Elon Musk: I launched a new character called “Percy Verence”
5. JPMorgan Chase: A record $78 billion is expected to enter the crypto market in 2024, 28% of which will come from MicroStrategy’s Bitcoin purchases
6. Three SWARMS whales made a cumulative profit of US$21.573 million
7. The transaction volume settled on the Bitcoin network will exceed US$19 trillion in 2024, more than double the US$8.7 trillion in 2023
8. A trader who once made more than $17 million in profits from trading AI tokens bought create, pippin, SANDY, MOLE, and FORGE
Regulation/Macro
According to the official account of the People's Bank of China, the 2025 People's Bank of China Work Conference was held from January 3 to 4. The meeting pointed out that financial management and service capabilities will continue to improve in 2024 and the research and development and application of digital renminbi will be steadily promoted. In 2025, we will further optimize the central bank’s financial management and services and strengthen legal protection for the central bank’s performance of duties. Improve the multi-level and diversified payment service system. Promote the integration of information technology systems in an orderly manner. Vigorously develop the multi-level credit market. Continue to optimize the central bank’s county financial services. Do a solid job in economic and financial research, comprehensive statistics on the financial industry, currency issuance, digital RMB research and development, treasury management, and international anti-money laundering assessments.
This week, the largest ETF tracking Bitcoin, the darling of global speculators, experienced its worst outflows in history, volatility indicators for U.S. Treasury bonds quietly rose, and U.S. stocks suffered their worst year-end decline on record. There are no signs of panic in the market, but market movements do point to a wariness that has been largely absent over the past 12 months, at least in the risk asset space. Concerns about Trump's policies and their impact on inflation awakened the hedging market. Next week's non-farm payrolls report will play a central role in influencing market sentiment, and here are the key points that markets will focus on in the new week:
- At 22:30 on Monday, Federal Reserve Governor Lisa Cook gave a speech;
- At 18:00 on Tuesday, the initial annual/monthly rate of CPI in the Eurozone in December and the unemployment rate in the Eurozone in November;
- At 23:00 on Tuesday, the U.S. ISM non-manufacturing PMI in December and the U.S. JOLTs job vacancies in November;
- Wednesday 21:15, US ADP employment number in December;
- At 03:00 on Thursday, the Federal Reserve released the minutes of its December monetary policy meeting;
- Thursday 09:30, China’s December CPI annual rate;
- At 20:30 on Thursday, the number of layoffs by challenger companies in the United States in December;
- At 22:00 on Thursday, Harker, the 2026 FOMC voting committee member and President of the Federal Reserve Bank of Philadelphia, delivered a speech;
- At 01:40 on Friday, Barkin, the 2027 FOMC voting committee member and Chairman of the Federal Reserve Bank of Richmond, delivered a speech;
- At 02:30 on Friday, 2025 FOMC voting committee member and Kansas Fed Chairman Schmid delivered a speech on the economic and monetary policy prospects;
- Friday 21:30, US December unemployment rate, US December seasonally adjusted non-farm payrolls, US December average hourly wage annual rate/month rate;
- At 23:00 on Friday, the initial value of the one-year inflation rate expectation in the United States in January and the initial value of the University of Michigan consumer confidence index in the United States in January.
The U.S. will release several labor market data next week, starting with Jolts job openings data on Tuesday, followed by ADP employment data on Wednesday, and finally non-farm payrolls data on Friday. It is worth noting that the December non-farm payrolls data is the first report in several months that is not affected by one-time factors. UBS expects the number of new U.S. jobs in December to be close to the recent moving average and continue to show a gradual cooling of the labor market, providing room for the Federal Reserve to further cut interest rates. Given the current market pricing, strong labor data is unlikely to lead to further rate cuts from the Fed, while weaker data may have markets considering further rate cuts. But U.S. data is unlikely to weaken the dollar index at this stage.
Chilean Lawmakers Consider Bitcoin Strategic Reserve Legislation
Chilean lawmakers Gael Yeomans and Juan Santana are considering strategic Bitcoin reserve legislation.
According to Hong Kong 01 reports, some employees in overseas areas accept Bitcoin as salary. However, it is not common in Hong Kong. The reason is that Hong Kong’s Employment Ordinance stipulates that wages must be paid in the form of money, and cryptocurrency is not legal tender, so employers Using Bitcoin may violate the law. Some technology companies have used Bitcoin as start-up bonuses or rewards, and there are no major legal issues. However, from a mortgage perspective, Bitcoin cannot be regarded as non-fixed income such as bonuses. When banks generally calculate a borrower's income, they average the bonuses received over two years into the Debt-To-Income Ratio (DTI), and have the opportunity to apply for a mortgage of up to 90%; however, Bitcoin is not legal currency. Even if employees continue to receive Bitcoin as rewards or bonuses, or if their tax returns mention Bitcoin income, banks will not accept it. Borrowers can only calculate DTI based on salaries, bonuses and commissions collected in legal currency. .
Banks in Hong Kong do not yet recognize Bitcoin. They currently only accept cash, stocks, foreign currencies, Hong Kong properties, funds and bonds. There are also banks that accept insurance policies without premium financing as applicants’ assets. However, there are no successful cases of Bitcoin. The reasons are all This is because Hong Kong banks do not recognize cryptocurrencies. The only feasible method is to "withdraw" the cryptocurrency and then use the funds as the down payment of a home, or apply for a mortgage based on the asset level. According to the latest regulations, you have the opportunity to apply for a loan of up to 70%. It should be noted that if you apply for an asset mortgage after cashing out and converting it into cash, some banks require the customer to keep it in the account for more than 3 months. They also need to present the bank's monthly statement. If it shows that the funds were cashed out from selling cryptocurrency, the bank will be very Emphasis is placed on the source of funds or assets, and buying and selling cryptocurrency can easily involve money laundering activities. Banks may need to eliminate risks and not only refuse to approve mortgages, but may even block bank accounts.
Project news
Solv Protocol official X account has been stolen, please do not click on suspicious links
SlowMist founder Yu Xian tweeted that Solv Protocol’s official X account has been stolen and please do not click on suspicious links.
RWA lending protocol Centrifuge official X account stolen
RWA Lending Agreement Centrifuge official X account has been stolen. Please do not interact with its account and pay attention to asset security.
VaderAI launches VADER pledge points mechanism
VaderAI has launched a VADER staking points mechanism. Points calculation is based on three main factors: the number of pledged VADERs, the pledge commitment period and the number of days since staking. The higher the pledge points, the higher the user's level ranking, and the level ranking will directly affect the user's allocation amount when participating in Vader Fun activities in the future. Due to the current low efficiency of a single pledge contract, many users choose to pledge VADER through multiple wallets. To solve this problem, the project team plans to deploy the wallet link function tomorrow.
Jupiter launches Goodcats reward program for contributing to ecological growth
Jupiter launches the Goodcats reward program for contributions to ecosystem growth on Discord, X, Reddit and other platforms, including content creators, community contributors and developers. Those who have contributed can submit applications. The submission rules are:
- Only include links to your own contributions;
- Must fall within the qualifying date range of November 3, 2023 to November 2, 2024;
point of view
Elon Musk: I launched a new character called "Percy Verence"
NBA legendary star Pippen posted on the Elon Musk responded on the X platform: "I launched a new character called Percy Verence."
According to previous news, Musk changed his personal avatar and nickname to Kekius Maximus , and then changed the avatar and nickname of the X account back to his original appearance (Elon Musk) about three days ago. Related concept coins all plummeted .
According to Jinshi report, ICBC International Chief Economist Cheng Shishi said at the 2025 China Chief Economist Forum Annual Meeting that the adjustment path of U.S. monetary policy in 2025 will be a process of "emergency first and then slowness". It is currently expected that the Federal Reserve will The rate cut will be around 50-75 basis points. Cheng Shi said that the reflation risk faced by the United States can be viewed from two main dimensions: First, U.S. inflation is currently in a range that is easy to rise and difficult to fall. There is little room for continued downward movement and great difficulty. In fact, there are many possibilities. Factors driving upward inflation in the United States. Second, the current market has formed an upward expectation for U.S. inflation. Inflation expectations will always be self-fulfilling, so there will be substantial upward pressure on inflation.
JP Morgan Global Market Strategists said in a report that 2024 is a critical year for digital assets, with a record $78 billion expected to enter the crypto market, helped by Trump's victory. This capital inflow includes several key components: $27 billion in net crypto fund inflows, $14 billion invested in CME futures, $14 billion raised by crypto venture capital funds, $22 billion in Bitcoin purchased by MicroStrategy, Bitcoin miners Purchased another $1 billion in Bitcoin. In other words, MicroStrategy’s Bitcoin purchases alone accounted for 28% of last year’s record capital inflows into the crypto market.
important data
According to monitoring by @ai_9694xtpa, Giant Whale 3EqUQ...xrU3s spent US$1.415 million to build a position of 7.15 million SWARMS in the past 18 hours, with an average price of US$0.1979, and has currently made a floating profit of US$150,000. In fact, he had traded SWARMS as early as 14 days ago (the second day after going online), and made a total profit of US$2,000 in the two swings. If the earliest 1.67 million tokens were obtained now, the cost of US$20,000 would have made a profit of US$345,000. .
According to monitoring by The Data Nerd, two smart money addresses have currently achieved high returns by investing in RAI, including:
- The starting address of 0xfAd spent US$66,000 to buy 192,000 RAI, which has now appreciated to US$1.92 million, with a return of 28 times;
- The starting address of 0xeaa purchased 84,600 RAI for US$8,300, which has now appreciated to US$839,000, with a return of 99 times.
In 2024, the volume of transactions settled through the Bitcoin network will exceed $19 trillion, more than double the $8.7 trillion settled by the network in 2023, reversing a two-year trend of declining transaction volumes since 2021. According to Pierre Rochard, vice president of research at mining company Riot Platforms, Bitcoin trading volume peaked at approximately $47 trillion during the 2021 bull market and declined sharply in 2022 and 2023.
CryptoSlam data shows that NFT sales fell 17.54% this week to $132.7 million, a sharp drop from last week’s sales of $152 million. However, market trader participation increased, indicating continued focus on lower price levels. The number of NFT buyers increased by 25.54% to 667,116; the number of NFT sellers increased by 23.96% to 382,754; the total number of transactions decreased by 16.96% to 1,326,111.
Ethereum network NFT sales fell by 25.72% to $56 million, but the number of buyers increased by 14.35% to 72,241; Bitcoin network NFT bucked the trend, with sales rising by 8.38% to $30.3 million, attracting 67,423 buyers. An increase of 13.68% from the previous week; Mythos Chain increased by 1180 Sales of $10,000 climbed to third place, with an increase of 3.63%. The Solana network, despite having the highest number of buyers at 234,220, saw sales drop 57.91% to $9.4 million, falling to fourth place.
The NFTs with the highest trading volume this week are:
- CryptoPunks #5192: $192,556 (53.69 ETH)
- CryptoPunks #7942: $154,075 (45 ETH)
- CryptoPunks #9208: $153,677 (45.99 ETH)
- CryptoPunks #5203: $153,580 (44.7 ETH)
- CryptoPunks #7210: $147,498 (42.93 ETH)
The three SWARMS whales made a cumulative profit of US$21.573 million
According to monitoring by @ai_9684xtpa, the three SWARMS whales have accumulated floating profits of US$21.573 million. The whales’ costs and floating profits are summarized as follows:
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$SWARMS list 1 & $ZEILGO list 2: This address and the small-amount adding address hold a total of 59.94 million SWARMS, with a cost of US$0.04036. The current accumulated floating profit is US$19.92 million; and are still adding positions.
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The giant whale with a market value of 200 million US dollars has a heavy position of 1.415 million US dollars: it holds 7.15 million SWARMS and has not added or sold it yet. The average price is US$0.1979, and it has made a floating profit of US$1.27 million.
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The giant whale with a heavy position of 1.5 million US dollars in the relay market last night: holds 4.968 million SWARMS, with an average cost of 0.3019 US dollars and a current floating profit of 383,000 US dollars.
According to Lookonchain monitoring, the profits of a certain AI token trader are as follows:
Profit of more than $5.14 million on GOAT: The trader bought GOAT when its market value was below $2 million, spent $62,000 to buy 11.1 million GOATs, and sold all GOATs for $5.2 million, earning Profit of US$5.14 million
Profit of more than $4.5 million on ai16z: The trader bought ai16z when its market value was $22 million, spent $123,000 to buy 6.17 million ai16z, and sold 4.67 million shares of ai16z at a price of $1.78. Currently holding 2.65 million ai16z (valued at US$2.9 million), the total profit exceeds US$4.5 million.
Profit over $4 million on Fartcoin: This trader started buying Fartcoin when its market capitalization was below $7 million, spending $121,000 to buy 9.46 million Fartcoins and selling 6.81 million Fartcoins for $610,000. . Currently holding 2.65 million Fartcoins (valued at $3.55 million), with a total profit of over $4 million.
Profit of over $4 million on arc: This trader bought arc when its market cap was $15 million, spent $212,000 to buy 11.6 million arcs, and then sold 1.6 million arcs for a profit of $212,000 . Currently holding 10 million arcs ($4 million), the total profit is $4 million.
Today the trader bought create, pippin, SANDY, MOLE, and FORGE.
jinse
chaincatcher