Fox News: Trump is considering appointing Perianne Boring as CFTC chairman
Sources: Trump has nominated crypto-friendly Paul Atkins to be SEC chairman
According to Unchained Crypto, US President-elect Donald Trump has nominated crypto-friendly Paul Atkins to be chairman of the US Securities and Exchange Commission (SEC). Atkins is said to be the first libertarian to serve as an SEC commissioner during the Bush administration, and has long supported the crypto industry. Sources say Trump has reached out to Atkins, but his nomination is still pending formal acceptance.
As an alternative candidate, Atkins needs to be confirmed by the Senate, otherwise Trump may directly appoint him during the Senate recess. Atkins co-founded the Token Alliance in 2017, focusing on crypto currency policy, and has long provided compliance consulting to digital finance companies. People familiar with Atkins' thinking say the position holds little appeal to him, as it would require a lot of work to overhaul the bloated agency, and because it would require him to resign from his existing business roles.
South Korean martial law command issues martial law order No. 1
The South Korean martial law command issued Martial Law Order No. 1, announcing the following throughout South Korea from 11:00 PM on December 3, 2024: 1. Prohibit all political activities such as activities and political associations, assemblies, and demonstrations of the National Assembly, local councils, and political parties. 2. Prohibit all acts that deny the free democratic system or attempt to overthrow it, prohibit fake news, fabricated public opinion, and false incitement. 3. All speech and publications are subject to the control of the martial law command. 4. Prohibit strikes, work stoppages, and assemblies that cause social unrest. 5. All medical personnel, including interns and resident doctors, who are on strike or have left their posts must return to their jobs within 48 hours, and violators will be punished under martial law. 6. Except for anti-state forces and forces attempting to overthrow the system, ordinary citizens will be minimally inconvenienced in their daily lives. Violators of the above martial law order may be arrested, detained, and searched without a warrant by the martial law commander under Article 9 (Special Measures of the Martial Law Commander) of the Martial Law Act of the Republic of Korea, and punished under Article 14 of the Martial Law Act.
South Korean National Assembly passes request to lift martial law
In the early hours of December 4, the South Korean National Assembly held an emergency meeting and voted on a "request to lift the emergency martial law." 170 out of 190 attending members voted in favor, and National Assembly Speaker Woo Won-shik then declared the emergency martial law invalid.
Chief of Staff and Chief Secretary of the South Korean President's Office resign en masse
According to CCTV, on December 4, the Chief of Staff and Chief Secretary of the South Korean President's Office resigned en masse. According to Yonhap News Agency, the aides of South Korean President Yoon Seok-yeol have resigned. Market news indicates that South Korean Finance Minister Choi Sang-mok will hold a ministerial meeting at 10 a.m. local time (9 a.m. Beijing time).
Upbit: Service temporarily delayed due to increased traffic
South Korean crypto exchange Upbit issued a notice that the Upbit app (Android, iOS) and Open API service are currently experiencing delays due to a temporary increase in traffic.
According to on-chain analyst @ai_9684xtpa, affected by the late-night announcement of the emergency martial law in South Korea, the Korean crypto market collectively plunged, with Upbit's BTC directly plummeting by as much as 30% to a low of $66,500, and XRP even more drastically, dropping 60% from $2.9 to $1.16.
Safe launches "Safenet" to help users manage assets across multiple blockchains
Blast community proposes to use $36 million in annual revenue to buy back BLAST tokens
The Blast community on the Ethereum Layer2 network has released a proposal titled "Buying back BLAST tokens and earning revenue", stating that Blast has a narrative problem, and to solve this, the focus should be on the price; it proposes to convert the revenue into BLAST tokens and use it for buybacks. Depositors will retain the full value of their earnings: they will not receive ETH or USDB, but will immediately receive liquid BLAST tokens. This proposal will generate $36 million in annual buy-side pressure on the $BLAST token. This proposal will also make user acquisition and engagement activities more effective, recalling users/builders and starting another growth flywheel to lay the foundation for the release of mobile applications.
The proposal points out that there are currently $1.2 billion in revenue-generating assets on the Blast L2. Conservatively estimating an annual yield of 3%, this would generate $36 million per year, which could be used to purchase BLAST in the open market, equivalent to about $100,000 in bids per day. At the current price, this bid would cause the price to fluctuate +4.8% per day.
Coinbase International will list Morpho perpetual futures contracts
Coinbase International posted on the X platform that Coinbase International and Coinbase Advanced will add support for Morpho perpetual futures contracts, and the MORPHO-PERP market is expected to open at 5:30 PM Beijing time on December 5, 2024 or later.
Coinbase will add MOG Coin (MOG) to its listing roadmap
Namada launches mainnet and token airdrop
According to The Block, the privacy-focused Layer1 blockchain Namada has officially launched its mainnet and activated the network's Genesis Block. This marks the first phase of its decentralized mainnet launch, involving staking and governance. The Anoma Foundation, the organization developing the project, has proposed the initial mainnet software and Genesis balances. The foundation clarified that it does not operate validators, so the Namada community retains full control. This release includes an airdrop to eligible wallets, which will receive NAM tokens today that they can immediately use for staking and governance. Token transferability will be activated in the 5th phase, expected to be completed in a few months.
This issuance will be accompanied by the release of the native token, with a total supply of 1 billion NAM tokens. The Anoma Foundation has proposed an initial Genesis distribution scheme with no lock-up, to be allocated among community members, early contributors, and future development plans. The mainnet launch will be rolled out in five phases, each driven by community decisions through on-chain governance.
Former Celsius CEO Alex Mashinsky pleads guilty to two criminal charges in a New York court
According to reports cited by The Block, former Celsius CEO Alex Mashinsky has pleaded guilty in a New York court, admitting to two charges, including commodity fraud and a fraud scheme to manipulate the price of the Celsius native token. These charges could result in up to 20 years of imprisonment.
Grayscale applies to convert Solana trust fund to ETF
Ethereum Foundation announces Q3 grant project list, with a total of $12.8488 million in grants
The Ethereum Foundation has released its Q3 2024 grant project update report. The report shows that the total amount of grants in the third quarter reached $12.8488 million, covering community education, consensus layer, cryptography and zero-knowledge proofs, developer experience and tools, execution layer, Layer 2, and other areas. Community education projects account for the largest proportion, including the EEA Industry Day conference in Bangkok, Thailand, the ETH Pura Vida conference in San Jose, Costa Rica, and hackathons.
In the technical field, the Foundation continues to support the development of consensus layer clients such as Lighthouse, Nimbus, and Grandine, as well as the upgrade and maintenance of development tools such as Web3.js and OpenZeppelin account abstraction contracts. The report also shows that the Foundation has provided funding for several zero-knowledge proof-related research projects.
OpenAI appoints former Coinbase CMO Kate Rouch as its first Chief Marketing Officer
Ripple to donate 1% of its profits to charity
Everclear will migrate NEXT token to CLEAR on December 6 and launch a new token economic model
Everclear, a cross-chain bridge clearing layer based on intent, has passed an important proposal to migrate the NEXT token to CLEAR. According to the announcement, the migration will be launched at 21:00 on December 6, and a first-quarter reward plan with a total reward pool of 6.25 million CLEAR tokens will be launched simultaneously.
Among them, 1.75 million CLEAR will be distributed to vbCLEAR stakers, and 4.5 million will be used to incentivize Solvers. For the migration, NEXT holders on L2 networks will be automatically upgraded to CLEAR, while NEXT holders on the Ethereum mainnet need to manually migrate at a 1:1 ratio. The newly launched voting binding system allows users to lock CLEAR for up to two years to obtain vbCLEAR, participate in governance, and receive protocol revenue sharing.
SynFutures announces its F token airdrop rules, which will be open for claiming on December 6
Magic Eden has officially supported NFT trading in the Sei ecosystem
TRON (TRX) retreated after reaching $0.45, setting a new historical high
Crypto AI company GAIB completes a $5 million Pre-Seed round, led by Hack VC
Pantera Capital raises $20 million to invest in the Telegram-related blockchain TON
According to a DL News report, based on documents filed with the U.S. Securities and Exchange Commission on Monday, the crypto hedge fund and venture capital firm Pantera Capital has raised $20 million to invest in the Toncoin cryptocurrency of the TON blockchain. According to the documents, the venture capital firm raised the funds from at least 29 investors through two different funds, with the initial official sales of both funds taking place in July.
Pantera Capital began contacting investors in June. The minimum investment amount is $250,000. The two new Pantera Capital funds for Toncoin are built on the foundation of the firm's early investment in the Telegram-related cryptocurrency announced in May. The company said this investment is the "largest" in its 21-year history, but did not disclose the specific scale.
BNB rises over 19% intraday to $765 per coin, setting a new all-time high
Pump.Fun deposits another 100,000 SOL into Kraken, with total earnings reaching $380 million
Pump.Fun transferred 100,000 SOL, worth about $23.72 million, to the Kraken exchange this morning. Pump.Fun has now accumulated a total of 998,869 SOL, worth about $238 million, deposited into Kraken. It is worth noting that Pump.Fun's total earnings have reached 1,595,278 SOL, which is equivalent to about $380 million at the current price.
Data: Bitcoin balance on exchanges continues to decline to 2.312 million BTC
According to HODL15Capital's statistics, the Bitcoin balance on exchanges continues to decline, with the total balance on major exchanges currently around 2.312 million BTC. Over the past month, it has decreased by 116,200 BTC, and since the beginning of 2024, the cumulative decrease has reached 315,800 BTC, a decline of 12.8%.
Specifically, Coinbase has seen the largest outflow, with 38,311 BTC leaving the exchange in the past 30 days, and a cumulative outflow of 281,840 BTC since the beginning of the year. Binance has reduced by 29,369 BTC in the past 30 days and 6,860 BTC for the whole year. It is worth noting that OKX is the only exchange that has seen an increase, with an addition of 33,834 BTC since the beginning of the year.
According to Onchain Lens monitoring, a Bitcoin whale that has been dormant for 11 years has become active again, transferring 2,700 BTC to two new wallets 9 hours ago. These BTC are currently worth about $259 million, while they were worth only $1.68 million when purchased in 2013, when the Bitcoin price was $625.84.
