24 H Hot Cryptocurrencies
1. Hot Cryptocurrencies on CEX
Top 10 CEX Trading Volume and 24-Hour Price Change:
BTC: -5.32%
ETH: -6.3%
XRP: -9.7%
SOL: -7.8%
DOGE: -8.81%
PEPE: -13.16%
BNB: -3.76%
SUI: -6.37%
PENGU: +22.76%
ADA: -8.37%
24H Gainers (Data from OKX):
GEAR: +37.19%
UXLINK: +27.52%
PENGU: +24.47%
VELODROME: +9.6%
MOVE: +5.77%
MORPHO: +4.49%
ZENT: +2.7%
CTC: +1.52%
DAI: +0.05%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
LI
daige
CATAI
WheelSnake
QBC
3. Today's Hot Cryptocurrencies
LI: LI (HhUVk...ump) is a Solana Meme Coin. The token was issued by a Chinese artist living in Italy and his team, who run a Twitter account claiming to be a decentralized news account with over 1.878 million followers. The token's logo is the artist's pet cat.
USUAL: Usual is a stablecoin issuer. Yesterday, it announced the opening of token airdrop claims and the listing on Binance spot trading. The USUAL price reached a high of 1.2073 USDT, and its current market cap is $447 million.
Headlines
The Federal Reserve Cuts Interest Rates by 25 Basis Points, And Expects to Cut Rates Twice in 2025
The Federal Reserve concluded its 2024 annual interest rate decision, deciding to lower the benchmark interest rate by 25 basis points to the 4.25% - 4.50% range, marking the third consecutive rate cut, in line with expectations. In the eight decisions this year, the Federal Reserve has cumulatively cut rates by 100 basis points, with one 50-basis-point cut and two 25-basis-point cuts, while keeping rates unchanged in the other five decisions.
Additionally, the Federal Reserve's dot plot indicates that it expects to cut rates twice in 2025 (previously expected to be four times in September).
Powell: We Are Not Allowed to Hold Bitcoin and Do Not Wish to Change the Law
Federal Reserve Chair Powell: (When asked about Bitcoin reserves) We are not allowed to hold Bitcoin, and we do not wish to change the law.
Federal Reserve Dot Plot Median: Expects to Cut Rates by 50 Basis Points Cumulatively in 2025
The Federal Reserve's dot plot shows that among the 19 officials, 1 official believes there should be no rate cut in 2025, 3 officials believe there should be a cumulative 25-basis-point rate cut in 2025, 10 officials believe there should be a cumulative 50-basis-point rate cut in 2025, 3 officials believe there should be a cumulative 75-basis-point rate cut in 2025, 1 official believes there should be a cumulative 100-basis-point rate cut in 2025, and 1 official believes there should be a cumulative 125-basis-point rate cut in 2025.
Industry News
The Federal Reserve Expects Inflation to Reach 2% in 2027
Federal Reserve officials now expect inflation to reach 2% in 2027, later than the previous expectation of 2026.
The Australian Securities and Investments Commission Sues Binance Australia
The Australian Securities and Investments Commission (ASIC) has stated that it is suing cryptocurrency company Binance Australia, accusing it of failing to protect consumers. Binance Australia had previously offered cryptocurrency derivative products to 505 Australian retail investors, who were mistakenly treated as wholesale clients.
The Hong Kong Securities and Futures Commission today licensed four applicants for virtual asset trading platforms under the expedited licensing regime. The four applicants are Yunzhanghui Greater Bay Area Technology (Hong Kong) Limited, DFX Labs Company Limited, Hong Kong Digital Asset Exchange Group Limited, and Thousand Whales Technology (BVI) Limited. The Commission is also processing the remaining applications under the same expedited licensing regime.
Project News
Renzo Has Opened the Third Season Airdrop Claim, Distributing 4% of REZ to 81,684 Addresses
Renzo has officially announced the opening of the third season airdrop claim. A total of 400 million REZ, accounting for 4% of the total supply, will be airdropped. During the third season activity period from July 26 to November 30, users who have accumulated over 1,000 points can receive the airdrop, with a total of 81,684 airdrop addresses.
ai16z: Version 0.1 Will Be Released Soon, and Eliza Will Autonomously Write Code
According to official information, the ai16z team will soon release the v0.1 version of the GitHub adapter and conduct a POC demonstration on the ai16z DAO repository itself. The agent will use the GitHub adapter to read the repository as context and submit to Eliza. From then on, the AI agent will autonomously read, reflect, and write code. ai16z partner Shaw stated that Eliza will autonomously write code, and the team will only be responsible for reviewing and organizing.
Binance Alpha Announces the First Batch of Projects: KOMA, Cheems, APX, ai16z, and AIXBT
Binance Alpha has announced the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT.
Binance Alpha Announces the Second Batch of Projects: CKP, GEAR, SD, SYRUP, and Fartcoin
According to official information, Binance Alpha has announced the second batch of projects: CKP, GEAR, SD, SYRUP, and Fartcoin.
Kelp DAO Announces KERNEL Token Economics, with 20% of the Total Supply Allocated for Airdrops
The re-staking project Kelp DAO has announced the KERNEL token economics on the X platform, with the following token allocation:
- 55% for community rewards and airdrops: 20% for airdrops, 35% for future community rewards.
- 5% for ecosystem and partnerships.
- 20% for private sales.
- 20% for the team and advisors.
Investments and Financing
Plume Completes $20 Million Series A Funding
Plume, a modular integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), has announced the completion of a $20 million Series A funding round. The round was co-led by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Lightspeed Faction, with participation from Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures.
Lens Developer Avara Raises $31 Million in New Funding Round, Led by Lightspeed Faction
Avara, the development company behind Aave, Lens, and Family, has announced the completion of a $31 million new funding round, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, ConsenSys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re7, Wintermute Ventures, and a group of angel investors.
Personalities & Voices
He Yi: BNB Chain Ecosystem Projects Will Be a Focus of Observation for Binance Alpha
In the Binance AMA event today, Binance co-founder He Yi stated that the launch of a project on Binance Alpha does not mean it will be listed on the Binance platform in the future; BNB Chain ecosystem projects will be a key focus of observation for Binance Alpha, as the BNB Chain ecosystem currently has large traffic and many popular projects.
BitMEX co-founder and Maelstrom's Chief Investment Officer Arthur Hayes stated in the conclusion of his latest article that the cryptocurrency market will experience a painful crash around January 20, 2025, the date of the Trump inauguration, before entering the bull market collapse phase. Maelstrom (Arthur Hayes' fund) will reduce some positions in advance and hopes to re-enter at a lower price at some point in the first half of 2025.
Arthur Hayes added: "If the market breaks through forcefully around January 20, we will also acknowledge the misjudgment and re-enter the market after licking our wounds."
Galaxy Research: The NFT market is recovering as trading volume surges
In a report on Monday, Galaxy Research stated that the NFT market is showing signs of recovery. With the US election and the subsequent rebound in the cryptocurrency market, the NFT market has been on the rise since November. The report pointed out that for the first time since May, the weekly trading volume of NFTs exceeded $100 million in early November and reached $172 million on December 2; this rebound was mainly driven by increased activity in the top 25 NFT collections, and the participation of major market platforms such as OpenSea, Blur, and Magic Eden has also increased.
MicroStrategy co-founder: Will implement a new purchase plan if necessary
MicroStrategy co-founder Michael Saylor: Will implement a new purchase plan if necessary. Refused to comment on whether he will meet with the elected US President Trump. If invited, he will consider serving as a member of the advisory board.
