PA Daily | Xterio will conduct TGE on January 8, 2025; Matrixport says the 2025 Bitcoin bull run may face multiple potential risk factors
Reprinted from panewslab
12/27/2024·5MToday’s news tips:
The address that obtained 1940 ETH in Ethereum ICO woke up after sleeping for 9.4 years
Matrixport: Bitcoin bull run in 2025 may face multiple potential risk factors
Binance Alpha adds arc, WHY, APU, HAPPY and FWOG
Xterio will conduct TGE on January 8, 2025
1.69 trillion BONK have been destroyed, worth over 50 million US dollars
Binance: BNSOL Super Pledge will launch the third phase of project MANTRA (OM)
Regulation/Macro
Bitwise applied for the "Bitcoin Standard Company ETF" to the U.S. SEC
According to Cointelegraph, Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. The fund aims to invest in shares of companies adopting the Bitcoin standard, with a minimum of 1,000 BTC in company funds.
BlackRock doubles down on IBIT through its global allocation fund
According to Cryptoslate, documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) show that as of October 31, the number of shares held by its global allocation fund in the Bitcoin spot ETF IBIT has reached 430,770 shares, with a total value of more than 17 million Dollar. That’s a 117% increase from the 198,874 shares reported on July 31, a significant increase noted by an X user named MacroScope. Furthermore, the number of IBIT shares currently reported is more than 10 times higher compared to the 43,000 shares registered in the first quarter. The Global Allocation Fund is a diversified investment product of BlackRock that covers short-term securities such as stocks, bonds, and money market securities in the U.S. and foreign markets, and its investment portfolio is adjusted regularly. Despite BlackRock doubling down on its investments in Bitcoin products, IBIT shares account for just 0.1% of the global allocation fund's total size of $16.5 billion.
Trump-related asset management firm Strive applies for “Bitcoin Bond” ETF
According to Cointelegraph, according to documents submitted on December 26, Strive, an asset management company founded by Vivek Ramaswamy, has applied to U.S. regulators to list an ETF that will invest in Bitcoin convertible bonds issued by MicroStrategy and other companies. The bonds, known as "Bitcoin Bonds," are convertible securities issued by MicroStrategy or other companies that plan to use the proceeds primarily to purchase Bitcoin. The Strive Bitcoin Bond ETF will be actively managed, with exposure to these “Bitcoin Bonds” either directly or through financial derivatives such as swaps and options. Although Strive hasn't clarified the management fees that investors will pay, fees for actively managed funds are generally higher than for passive index funds. Vivek Ramaswamy, an outspoken supporter of US President-elect Trump, founded Strive Asset Management in 2022. In November of this year, Trump announced that Ramaswamy would join Tesla founder Musk to lead the Department of Government Efficiency (DOGE), a private initiative aimed at cutting wasteful government spending. According to previous news in November, asset management company Strive established a wealth management department and included Bitcoin in its standard investment portfolio.
Project news
Binance Alpha adds arc, WHY, APU, HAPPY and FWOG
According to official news, Binance Alpha announced the list of the 8th batch of project tokens, including arc, WHY, APU, HAPPY and FWOG.
Binance will support Optimism (OP) network upgrade and hard fork
According to the official announcement, Binance is expected to suspend the token deposit and withdrawal services of the Optimism (OP) network at 01:00 on January 10, 2025 (Eastern Eighth District time) to support its network upgrade and hard fork. The project team will conduct a network upgrade and hard fork at 02:00 on January 10, 2025 (East Eighth District time).
Xterio will conduct TGE on January 8, 2025
Game infrastructure and AI game studio Xterio officially announced that its Token Generation Event is scheduled to be officially launched on January 8, 2025. Officials stated that this will usher in a new era that integrates AI, games and communities.
Solana ecological decentralized exchange Jupiter announced that it will conduct a JUPuary airdrop next month, with a total of 700 million JUP tokens worth more than $590 million. The total amount of JUP allocated to users is 425 million, of which 75 million JUP are reserved for pledgers; the number of eligible wallets is approximately 2.3 million: including 2 million Swap trading users and 320,000 professional traders; For every JUP staked, you will receive a reward of 0.1 JUP. Jupiter emphasized that the allocation plan is a draft and may be adjusted.
According to The Block, Siqi Chen, CEO and CFO of entrepreneurial finance platform Runway, posted yesterday calling on everyone to donate to support the Ccancer laboratory at the University of Colorado. The laboratory is the only institution in North America that studies craniopharyngioma in children, and Siqi Chen's young daughter Mira is suffering from this disease. Thanks to the forwarding and promotion of many well-known X users, including X Platform CEO Linda Yaccarino, as of the writing of this article, Siqi Chen’s fundraising on GoFundMe has exceeded US$230,000. Unexpectedly, a user of Pump.Fun created a Meme coin called Mira, which once had a market value of $80 million. Fortunately, X user Waddles quickly purchased and gave away 50% of Siqi Chen’s share after the coin was released, making the value of his position instantly reach millions of dollars. However, when Siqi Chen announced his plan to gradually sell off these Mira coins and donate all the proceeds to the laboratory, the market value of the coin began to decline, once falling to $14 million. Siqi Chen disclosed his selling plan on the 24 hours notice." He admitted that some traders may have profited from it but had no intention of donating, but overall he believed the incident had a positive impact. He revealed: "Our original goal was to raise US$200,000, but in the end we will raise at least US$1 million for rare disease research. This is undoubtedly a victory for the world." As of this writing, the market value of Mira coins has dropped to 19 million Around USD. At the same time, the market value of a "kitkat" Meme coin named after Mira's dog briefly reached $3 million, but has now fallen to about $150,000. Siqi Chen said: “Every penny we will get from kitkat/Meme coins, including LP fees, after tax, will be used directly for rare disease research.”
1.69 trillion BONK have been destroyed, worth over 50 million US dollars
According to SolanaFloor detection, 1.69 trillion BONK (worth approximately US$52.28 million) has been destroyed from the total supply of Solana ecological meme currency BONK after the proposal was approved by Bonk DAO.
Binance: BNSOL Super Pledge will launch the third phase of project MANTRA (OM)
According to Binance’s announcement, BNSOL Super Pledge will launch the third phase of the project MANTRA (OM) from 8:00 on January 1, 2025 to 7:59 on February 1 (Beijing time). Users who hold BNSOL or stake SOL to BNSOL during this period can receive OM APR Boost airdrop rewards. OM APR Boost airdrop rewards can be claimed at around 13:30 (East Eighth District time) every day starting from January 2, 2025. MANTRA is a layer 1 blockchain focused on tokenizing real-world assets.
point of view
Matrixport: Bitcoin bull run in 2025 may face multiple potential risk factors
Matrixport pointed out in its latest weekly report that the Bitcoin bull market in 2025 may face a variety of potential risk factors. Among them, BlackRock once stated that the decentralized nature of the Bitcoin protocol may not fully guarantee the supply limit of 21 million coins, triggering market discussions. In addition, Google announced the launch of the 105-qubit "Willow" quantum chip, once again raising concerns about the potential threat to Bitcoin security caused by quantum computing, although the technology is still in its early stages. The report also mentioned that the Federal Reserve's recent increase in inflation expectations is partly due to concerns that Trump may impose additional tariffs, but its actual impact may be limited. Matrixport believes that inflation may not be a big problem next year, which provides room for the Federal Reserve to maintain a dovish stance. Furthermore, historical data shows that Bitcoin bull markets tend to peak at times of peak regulatory pressure. As regulatory issues such as the approval of Bitcoin spot ETFs in the United States are gradually resolved, the risk of the end of this bull market may be driven by other factors. The report reminds that after Trump is elected, the Federal Reserve may adopt a more hawkish monetary policy, which will bring new uncertainties to the Bitcoin and crypto markets.
Greeks.Live analyst Adam said that December 27 ushered in the last options delivery of the year. A total of 150,000 BTC options expired, the Put Call Ratio was 0.69, the biggest pain point was US$85,000, and the nominal value reached US$14.17 billion; at the same time, 1.12 million Zhang ETH option expires, the Put Call Ratio is 0.41, the biggest pain point is US$3,000, and the nominal value is US$3.74 billion. The total nominal value of this delivery is approximately US$18 billion. Due to Christmas and annual delivery, the overall market enthusiasm is low, and the theme this week is still mainly adjustment. In addition, Bitcoin's annual income will more than double in 2024, especially the strong market performance at the end of the year, and the market is optimistic about 2025 expectations. Analysis points out that Trump may become the most encryption-friendly president after taking office in January next year, and Musk’s influence will further promote the development of the encryption industry. Factors such as the integration of mainstream finance and encryption, and the U.S. government and corporate reserves of Bitcoin are expected to have a positive impact on the market, and a sector-rotating bull market may be ushered in in the coming months. According to previous news, the largest ETH block option on Deribit today purchased a call option with an exercise price of $4,000 on January 10 next year.
Pantera Capital: Stablecoin adjusted trading volume exceeds $5 trillion in 2024
According to Crowdfund Insider, Pantera Capital pointed out in a blog that although cryptocurrencies often attract attention for their volatility, tokens and liquidity, stablecoins are the key force that quietly promotes the popularity of cryptocurrencies. From accounting for only 3% of blockchain transactions in 2020 to continuing to account for more than 50% of transactions today, stablecoins have achieved significant growth. Pantera Capital emphasizes that stablecoins are the killer value proposition of cryptocurrencies and are non-speculative in nature. In 2024, the adjusted stablecoin trading volume will exceed 5 trillion US dollars, involving nearly 200 million accounts, becoming its breakthrough moment. This time, stablecoins are not limited to the decentralized finance (DeFi) ecosystem, but are more widely used in other fields. In the past few years, stablecoins have enabled seamless cross-border payments by providing access to US dollars, especially in emerging markets with strong demand for US dollars. Pantera Capital added that stablecoins provide a 10x value proposition for traditional payment channels and are suitable for B2C payments (such as remittances) and B2B cross-border transactions. According to Juniper Research, cross-border B2B payments will reach approximately US$40 trillion through traditional payment channels in 2024. In the consumer payments market, global remittances account for tens of billions of dollars in annual revenue, and stablecoins are becoming a new means of global cross-border remittances through encrypted channels. With the rapid adoption of B2C and B2B payments, the supply and transaction volume of on-chain stablecoins are reaching record highs.
important data
The address that obtained 1940 ETH in Ethereum ICO woke up after sleeping for 9.4 years
According to Lookonchain monitoring, an address that obtained 1,940 ETH in Ethereum ICO woke up after sleeping for 9.4 years and transferred 0.01 ETH to a new wallet. The cost to participate in the ICO is $601, and the tokens are currently worth $6.56 million.
According to statistics from Trader T and Tree News, the net inflow of US Bitcoin spot ETF yesterday was US$475.15 million, and the net inflow of Ethereum spot ETF was US$117.7 million.
PANews reported on December 27 that according to on-chain analyst Ember monitoring, a whale address withdrew 15,332 ETH (approximately $51.77 million) from Binance 20 minutes ago. Then he deposited 7,500 ETH into StakeStone and exchanged it for beraSTONE, and then combined it with 7,830 ETH to create liquidity in UniswapV3.
A new address withdrew 125,990 SOL from Binance nine hours ago, worth $24.02 million.
According to monitoring by on-chain analyst @ai_9684xtpa, the new address Eh2TE...HyzEYq withdrew 125,990 SOL from Binance nine hours ago, worth US$24.02 million and cost US$190.8. The wallet currently holds a total of 125,999 SOL.
ETH/BTC exchange rate bull James Fickel once again swapped 6,500 WETH for 225.6 WBTC
According to on-chain analyst @ai_9684xtpa’s monitoring, firm ETH/BTC exchange rate bull James Fickel once again swapped 6,500 WETH for 225.6 WBTC six hours ago, worth US$21.68 million, of which the cost of WBTC was US$95,791.6. Currently, he is still staking 85,038 stETH on Aave and lending 227 WBTC. The total value of his ETH holdings is as high as US$300 million. The current ETH/BTC exchange rate is 0.03505.
