Important information last night and this morning (December 24th - December 25th)

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Important news from last night and this morning (December 24-25)

ai16z founder: aiPool project has been launched, and its founder is still trying to recover the X account

ai16z founder Shaw posted on the X platform saying: "Regarding the latest developments of aiPool (@aipool_tee) and 123skely (@123skely), ① the aiPool project has been launched; ② the founder of aiPool, Skely, is still trying to recover the account, and any Skely account that is not @123skely is a fraud account, be careful not to lose funds. This project has no pre-sale."

Glassnode: Solana has maintained positive net capital inflows since early September 2023

Glassnode posted on the X platform: "Since early September 2023, Solana has maintained positive net capital inflows, with only a small amount of outflows during this period. This sustained liquidity influx has helped to stimulate Solana's growth and price appreciation, reaching a significant peak of $776 million in new daily capital inflows."

Venture capital firm Founders Fund is raising about $3 billion for its third growth equity fund

According to Axios from multiple sources, the venture capital firm Founders Fund co-founded by Peter Thiel is raising about $3 billion for its third growth equity fund. Founders Fund has not yet provided an official target size for this new fund raise to potential investors, but said $3 billion would be the approximate size. Founders Fund has invested in some of the world's most valuable tech startups, including SpaceX and Stripe. Due to Thiel's long-term support for former President Trump, and the firm's multiple investments with Musk, it will also have the opportunity to enter the incoming White House. Founders Fund has also invested in various crypto projects, including Igloo, Inc., the parent company of Pudgy Penguins, the Bitcoin lending platform Lava, and the Bitcoin rollup project Citrea. Founders Fund successfully raised $3.4 billion for its second growth equity fund and $1.8 billion for its eighth early-stage fund in 2022. However, at the beginning of last year, they decided to split the early-stage fund in two, as they perceived relatively fewer investment opportunities in the market. But as of now, they have not yet started investing in what they are now calling the "ninth fund". Additionally, while there have been discussions about splitting the growth fund, this has not been implemented. Now, the majority of the fund's capital has been deployed, including investments in capital-intensive AI companies.

Coinbase International's weekly trading volume hits a new high of $119 billion

Coinbase International's total trading volume exceeded $119 billion last week, setting a new record high. The weekly total was 124% higher than the previous week, and the daily average for the past week was 164% higher than the daily average of the previous week. Coinbase International's daily average trading volume was only $2.5 billion in November. As of December, the exchange's daily average trading volume is close to $10 billion. The top five trading pairs on Coinbase International, including BTC, ETH, SOL, XRP and DOGE perpetual futures, account for 99.8% of the exchange's total trading volume. BTC-PERP accounts for 57% of the total trading volume, followed by ETH-PERP at 34%.

PancakeSwap's total trading volume to reach $310 billion in 2024, up nearly 179% year-over-year

According to Cointelegraph, the decentralized exchange (DEX) PancakeSwap is expected to reach a total trading volume of $310 billion in 2024, up nearly 179% from $111 billion in 2023. PancakeSwap's report attributed this to the L2 networks Arbitrum and Base, with Arbitrum's crypto trading volume growing 3,656% year-over-year to $13.2 billion, and Base's crypto trading volume growing 3,539% year-over-year to reach $11.6 billion by 2024. Additionally, PancakeSwap's trading volume grew 179% year-over-year, reflecting positive market sentiment and increased activity in the DeFi and DEX space.

South Korea's daily average crypto trading volume on par with stock market in November, total investor count exceeds 15 million

According to Naver, data from the Bank of Korea shows that as of the end of November, the number of crypto investors in South Korea reached 15.59 million, an increase of 610,000 from October. This figure accounts for more than 30% of the country's total population, reflecting increased market activity following the US President-elect's promise to support the crypto industry. The rise in Bitcoin prices has also contributed to this growth trend. As of the end of November, South Korean investors' total crypto holdings amounted to 102.6 trillion won (about $70.8 billion), up from 58 trillion won (about $40 billion) in October. The average daily trading volume in November reached 14.9 trillion won (about $10.29 billion), equivalent to the combined daily average trading volume of the KOSPI and KOSDAQ markets in the same month.

Telegram Premium subscribers have exceeded 12 million

According to the Telegram Premium official channel, the number of Telegram Premium subscribers has exceeded 12 million. The official expressed gratitude for the support of all subscribers, saying they have helped Telegram continue to develop powerful features and change the communication methods of nearly 1 billion users. Users can subscribe to the Premium service on the platform or gift subscriptions to their friends and family.

HIVE Digital invests $30 million to deploy H100 and H200 GPU clusters in Quebec

According to an announcement from HIVE Digital Technologies, the company has invested $30 million to purchase and deploy NVIDIA H100 and H200 GPU clusters to support rapidly growing AI demands. These high-performance computing (HPC) clusters will be deployed in Quebec, Canada, and will be fully powered by renewable energy. Deployment details: • H100 cluster: Containing 248 GPUs, to be online by the end of 2024, expected to generate around $15 million in annual revenue. • H200 cluster: Containing 508 GPUs, expected to be installed in Q1 2025 and operational in Q2 2025, with annual revenue expected to exceed $20 million.

Less than 1.2 million BTC left to be mined, circulating supply exceeds 19.8 million

CloverPool data shows that the current circulating supply of Bitcoin has reached 19,800,490.63 BTC, with 1,199,509.375 BTC left to be mined. The current Bitcoin mining block reward is 3.125 BTC, with an average daily production of around 450 BTC.

Musk: Grok can recognize and interpret almost any image

Elon Musk just posted that Grok can recognize and interpret almost any image, from medical records to WWII planes to internet memes.

Binance Alpha adds 5 new projects: GAME, UFD, GEL, GOUT and YNE

The Binance Alpha page shows that a new batch of 5 projects has been added, including GAME, UFD, GEL, GOUT and YNE. As of now, the Binance Alpha project has reached 38 in total.

Cumberland deposited 16,201 ETH, worth about $55 million, into Coinbase 20 minutes ago

According to Lookonchain monitoring, Cumberland deposited 16,201 Ethereum (ETH), worth about $55 million, into Coinbase 20 minutes ago.

A whale that received 116.7 million PENGU airdrop purchased $1 million worth of PENGU tokens today

According to Lookonchain statistics, a whale used 5,250 SOL (about $1 million) to purchase 34.42 million $PENGU tokens today. Previously, he had received an airdrop of 116.7 million $PENGU (worth about $3.52 million). Currently, the whale holds a total of 151.12 million $PENGU, worth about $5.08 million, and has not sold any $PENGU tokens yet.

An address with a USDT balance of about 13.14 million has been frozen

According to Whale Alert monitoring, at around 06:36 Beijing time today, an address with a balance of 13,145,135 USDT on the Ethereum chain was frozen.

An anonymous user had pledged 10,000 BTC, worth over $1 billion, on Babylon 10 days ago

The Babylon Bitcoin Pledge Protocol disclosed in its official blog that on December 15, during the third launch of the Babylon Bitcoin Pledge Protocol mainnet, an anonymous pledger made three transactions to pledge 10,000 bitcoins, worth over $1 billion. Babylon stated: "Previously, the largest pledge amount came from entities (such as the LST protocol and custodial institutions) that hoped to pledge for their users, but such a large-scale personal pledge is of particular significance to Babylon and its protocol, whoever this person is, they decided to pledge directly to Babylon rather than through LST, which has pushed the concept of 'trustless' pledge from the abstract to the concrete."

A suspected Justin Sun address transferred 70,182 ETH, worth about $245 million, to HTX in the early morning

According to Spot On Chain monitoring, a suspected Justin Sun address transferred 70,182 ETH ($244.9 million) to HTX 7 hours ago, including 42,905 ETH unlocked from Lido Finance and 27,277 ETH transferred from Etherfi. Since November 10, he has deposited 179,101 ETH ($645 million) into HTX, at an average price of $3,601. He still holds 106,905 STETH ($372.4 million) and 56,277 EETH ($195.8 million), of which 25,000 ETH ($87 million) has been unlocked from Etherfi. Previously, yesterday's news reported that Justin Sun denied the rumor of clearing ETH, saying it was just a transfer of ETH between different wallets of the team.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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