Top 24 H Cryptocurrencies
1. Top CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24H Price Change:
BTC: + 0.36%
ETH: -1.8%
XRP: + 4.89%
SOL: + 5.51%
DOGE: -0.1%
BNB: + 0.75%
PEPE: -3.75%
PENGU: + 720.92%
TRX: -4.18%
LTC: + 7.43%
24H Gainers (Data from OKX):
PENGU: + 448.96%
PRQ: + 34.2%
VELO: + 14.15%
FORTH: + 11.23%
LTC: + 7.36%
RON: + 6.75%
XLM: + 6.11%
SD: + 5.58%
ZENT: + 5.14%
ARG: + 4.73%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
STD
UFD
VIOLET
Adillo
BRODIE
3. Today's Hot Cryptocurrencies
PENGU: PENGU is the official token of the Pudgy Penguins project. The token was opened for airdrop claims and listed on Binance yesterday at 22:00, with the price reaching a high of 0.07 USDT. The current price is 0.027 USDT, with a market cap of $1.705 billion. Holders of Pudgy Penguins NFTs or active addresses in the Ethereum and Solana ecosystems are eligible for the airdrop.
UFD: UFD (eL5fU...ump) is a Meme coin on the Solana blockchain. The token was created by a traditional investor in gold and silver who heard that Fartcoin had a market cap of $500 million, and decided to create his own Meme coin as a social experiment, calling it "Unicorn Fart Dust" (UFD). He also livestreams on YouTube and shares his views on the crypto space. Players are buying the Meme coin created by this investor in an attempt to change his perception of crypto. The current market cap of UFD is $12 million, with 6,670 holding addresses.
Headlines
PENGU On-Chain Trading Volume Exceeds $1 Billion, Surpassing Total CEX Trading Volume
Data shows that the on-chain trading volume of PENGU exceeded $1 billion in less than 12 hours, surpassing the total trading volume of all CEXs including Binance. Raydium leads with over 50% of the on-chain trading volume.
Fuel Network Opens Airdrop Claim, Claims to Start on December 19
The Ethereum modular execution layer Fuel has announced the launch of the Fuel Genesis Drop, which will provide 1 billion FUEL tokens (10% of the total supply) to over 200,000 unique addresses across various categories. The claim page is now live, and the FUEL tokens from the Fuel Genesis Drop will be claimable from December 19, 2024 to January 19, 2025.
Fuel states that a total of 20% of the FUEL supply will go to the Fuel community, with 10% for the Genesis airdrop, 5% for community expansion work between collaborating platforms, and 5% for undisclosed incentives, plans, events, and activations.
Industry News
Bitcoin-Gold Ratio Hits All-Time High
The Bitcoin-to-Gold Ratio rose to 37.3 on Monday, reaching a new all-time high, meaning that one BTC can now purchase around 37 ounces of gold. This metric is often used to compare the relative strength and investor preferences between the two assets. Compared to the previous crypto bull market peak in November 2021 at 36.7, the current ratio is about half a percentage point higher.
CNBC Survey: 93% Expect 25 Basis Point Rate Cut from Fed This Month
Respondents to CNBC's December Fed survey are confident the central bank will cut rates this week, but they are less certain it should. 93% of people think the Fed will cut rates by 25 basis points. But only 63% think that's what the Fed should do. Respondents expect two more 25 basis point cuts by 2025, down from three in the previous survey.
U.S. November Retail Sales Monthly Rate 0.7%, Expected 0.5%, Prior Revised to 0.5%
U.S. November retail sales monthly rate was 0.7%, a new high since September, expected 0.50%, prior revised from 0.40% to 0.5%.
U.S. November retail sales ex-auto 0.4%, expected 0.40%, prior -0.10%.
U.S. November core retail sales monthly rate 0.2%, expected 0.40%, prior revised from 0.10% to 0.2%.
Bitwise Launches Solana Staking ETP in Europe, Marinade as Staking Provider
Crypto asset manager Bitwise has launched a Solana staking ETP in Europe, with the ticker BSOL. Solana staking provider Marinade will be the staking provider for Bitwise.
Project News
Ethena Labs' New Stablecoin USDtb Reaches $654 Million TVL on Launch Day
Ethena Labs' new stablecoin USDtb reached a TVL of $654 million on its launch day. Ethena Labs stated in a December 16 announcement that "Ethena will be able to close the hedge positions of USDe and reallocate its supporting assets to USDtb, further reducing the associated risks."
Ripple Stablecoin RLUSD Officially Launched
According to a post on the X platform by Cointelegraph, Ripple's stablecoin RLUSD has officially launched.
Magic Eden to Open First Meme Coin Claim on December 20
Magic Eden has announced that the first Meme coin claim, including MUMU THE BULL (MUMU), will open on December 20. Only 5,000 users are eligible, and participants must ensure they have downloaded and prepared the Magic Eden app.
Binance has announced the launch of Binance Alpha, a new platform within the Binance Wallet (formerly Binance Web3 Wallet) aimed at focusing on promising early-stage blockchain projects and helping users explore Alpha opportunities.
"Pudgy Penguins" NFT Collection Falls Out of Top 3 by Market Cap
According to the latest data from Coingecko, after the announcement of the PENGU token launch, the floor price of the "Pudgy Penguins" NFT collection has declined, and its current market cap of $575,438,539 (148,074 ETH) has been surpassed by "BAYC" ($732,393,343) and Infinex Patrons ($582,884,097), dropping it to the fourth position in the NFT collection market cap rankings.
Investments and Financing
Stablecoin Infrastructure Provider BVNK Raises $50 Million Series B, Led by Haun Ventures
UK-based stablecoin infrastructure company BVNK has announced the completion of a $50 million Series B funding round, with a valuation of $750 million. The round was led by Haun Ventures, with participation from Coinbase Ventures and existing investor Tiger Global.
Tether Announces Investment in European Stablecoin Provider StablR
According to official information, the digital asset company Tether has announced that it has invested in the European stablecoin provider StablR, aiming to accelerate adoption in the region. Tether's investment in StablR demonstrates its commitment to the European market and support for fully regulated stablecoins.
Crypto securities platform Prometheum completes $20 million financing
The crypto securities platform Prometheum has completed a $20 million financing round, with investments from a group of undisclosed individuals and institutions. To date, Prometheum has raised a total of approximately $64.3 million.
Personality*Voice
The ETF Store President Nate Geraci posted on X that "Invesco (the 4th largest ETF issuer) has filed a multiple share class structure application with the U.S. SEC today. Currently, nearly 40 fund companies are seeking this iterative structure. This will become the hottest ETF narrative (as well as other spot crypto ETFs) in 2025."
According to Fox Business reporter Eleanor Terrett's post on X platform, after the Senate Banking Committee abandoned the push to renominate anti-crypto SEC Commissioner Caroline Crenshaw, Crenshaw will remain on the committee until her successor is confirmed or until Congress adjourns next year. According to congressional procedures, the minority party (in this case, the Democrats) typically recommends candidates to fill the minority party seats on the committee. The president can choose to heed their advice, but is not obligated to do so. Therefore, Democrats may re-nominate Crenshaw at the request of Elizabeth Warren, but whether to re-nominate her will be decided by Donald Trump himself.
Father of High-Frequency Trading: Potential Bitcoin crash could lead to a stock market crash in 2025
Interactive Brokers founder and chairman, known as the "Father of High-Frequency Trading", Thomas Peterffy believes that a potential Bitcoin crash is one of the biggest risks that could lead to a stock market decline in 2025.
