24 H Hot Cryptocurrencies
1. Hot Cryptocurrencies on CEX
Top 10 trading volume on CEX and 24-hour price change:
BTC: -0.26%
ETH: -2.25%
XRP: + 6.24%
DOGE: -4.51%
PEPE: -6.87%
SOL: -1.91%
MOVE: -2.33%
BNB: -0.52%
ADA: + 0.40%
1 MBABYDOGE: -7.41%
24H Price Change Ranking (Data from OKX):
AAVE: 0.49%
BTC: -1.68%
LTC: -2.99%
SHIB: -3.18%
LINK: -3.32%
AVAX: -4.15%
SUI: -4.21%
ENS: -4.36%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
MONKEY
SHIKOKU
GTrump
LUIGI 6900
GUZUTA
3. Today's Hot Cryptocurrencies
ME, the token recently issued and airdropped by Magic Eden, with some airdrop addresses receiving a huge amount, has just been listed on major exchanges. Magic Eden is a multi-chain NFT marketplace, initially based on Solana and now expanded to Ethereum and Polygon. It allows users to create, buy and trade NFTs, including artwork, profile pictures (PFPs) and in-game items. Magic Eden is known for its low transaction fees, fast transaction confirmations and strong support for Web3 games. Currently, the token price is around $6.
PEPE, one of the leading Meme coins and a barometer of the Meme market. It has the highest 24-hour price drop, around 15%.
AAVE, did not see a price drop in the context of a general market decline, but even had a slight increase. AAVE is the native token of the Aave protocol, Aave is a decentralized crypto lending platform that allows users to deposit and earn interest or borrow for liquidity. The core functions of the AAVE token include: governance voting (users can participate in protocol decisions), collateral (AAVE can be used as borrowing collateral), fee discounts (using AAVE can reduce transaction fees) and safety module staking (users can stake AAVE to provide system insurance and earn rewards).
Headlines
Foreign Media: Trump "Expects" Bitcoin to Reach $150,000 During His Term
An anonymous "transition" source revealed that Trump apparently "would love" for Bitcoin to continue rising and ultimately break through $150,000.
According to reports, Trump "will be very focused on the price of Bitcoin" and added that the source described cryptocurrency as Trump's "other stock market." During his previous presidential term, Trump often used the performance of the U.S. stock market as a benchmark for measuring his administration's management of the national economy.
Furthermore, Trump plans to "push for crypto-friendly regulations," including nominating Paul Atkins as chairman of the U.S. SEC. Atkins founded the consulting firm Patomak Global Partners, which provides services to cryptocurrency exchanges and DeFi platforms.
Ripple CEO: Stablecoin RLUSD Approved by New York Department of Financial Services
Ripple CEO Brad Garlinghouse announced on the X platform that the stablecoin RLUSD has been approved by the New York Department of Financial Services (NYDFS), and the list of exchanges and partners will be online soon.
Preliminary Voting Results Show Microsoft Shareholders Voted Against Bitcoin Investment Proposal
According to market news, preliminary voting results show that Microsoft shareholders voted against the Bitcoin investment proposal.
Fuel Network Launches FUEL Token, 20% of Initial Total Supply to Be Allocated to the Community
According to official information, Fuel Network has announced the launch of the FUEL token, which will ensure the security of Fuel's decentralized ordering engine through the introduction of a new economic incentive structure based on application-specific ordering. The initial total supply is 10 billion, and 20% of the initial FUEL total supply will be allocated to the community.
Industry News
The regulatory authorities of El Salvador and Argentina have signed an agreement to help develop the crypto industry in both countries. Juan Carlos Reyes, president of El Salvador's highest crypto regulator, the National Digital Activities Commission (CNAD), stated that the agreement will help El Salvador expand its influence by establishing strategic partnerships. While the details of the transaction are unclear, Reyes said the agreement aims to enable the two regulators to share knowledge and experience to promote crypto innovation.
South Korean National Assembly Approves Postponing Virtual Asset Tax to January 1, 2027
The South Korean National Assembly passed the Income Tax Act amendment on December 10, which includes "abolishing the financial investment income tax (gold investment tax)" and "postponing the taxation of virtual assets by 2 years." The effective date of the virtual asset income tax has been extended from January 1, 2025 to January 1, 2027.
Project News
Coinbase Lists Magic Eden (ME) with an Experimental Label
Coinbase Assets has announced that Magic Eden (ME) is now available on coinbase.com and the Coinbase iOS and Android apps, with an experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
a16z Partner Shaw: AI Agent pmairca Will Soon Conduct Autonomous Investments
a16z partner Shaw posted on X that the AI agent pmairca currently only performs automated trading, but will soon conduct autonomous investments. He also stated that pmairca's goal is AGI (Artificial General Intelligence).
Investment and Financing
Diversified Crypto Company COSIMO Raises $25 Million, Led by Eolas Capital
COSIMO, a digital asset holding company founded in 2014, is raising $25 million, with Eolas Capital co-founder and former Bridgewater Associates and Mellon Investments executive Des Mac Intyre leading the investment.
In a statement, COSIMO announced that this move comes as the company seeks to integrate its various crypto investments, custody, advisory and brokerage services under a "unified COSIMO digital brand." The company focuses on "deep tech" and is involved in multiple crypto sectors, including tokenized venture capital, custody and staking hedge funds, and plans to become a competitor to crypto management and service provider Galaxy Digital.
COSMIO X's investment portfolio includes around 25 stocks, including wallet provider Uphold, Bitcoin DeFi project Sovyrn, Layer 1 chain Hedera, and tokenization company Black Manta. The fund traded on Securitize Markets in 2021 and also invested in the "long-term value storage" token ndau built by Oneiro, one of COSIMO's investment projects. The fund's management fee is 2.5% and the performance fee is 15%.
The company has also launched COSIMO Y, a staking rewards basket fund built around chains like Avalanche, Cardano, Celestia, Ethereum, Near, Polkadot and Solana. COSIMO collaborates with BitGo for custody, Figment and Foundry for staking services, and CME Group and Coinbase for futures.
Here is the English translation of the text, with the content inside <> retained without translation:In addition to the X and Y funds, COSIMO also founded Fortuna, a digital asset custodian licensed by the Central Bank of Ireland to operate in 27 EU countries. The company is also the largest investor in Black Manta, one of the only two digital asset management firms regulated by BaFin.
Exabits, a crypto AI startup focused on tokenized GPUs, has completed a $15 million seed round at a $150 million valuation, led by Hack VC, with several other unnamed investors participating. Co-founder Hoansoo Lee said Exabits started fundraising in July and completed the round in October. He declined to comment on the structure of this round but said the company will launch a token in the future.
Lee said this seed round brings Exabits' total funding to $20 million. Earlier this year, the company raised an undisclosed Pre-Seed round and an undisclosed strategic round led by Portal Ventures, totaling around $5 million.
Bitcoin self-custody app Relai completes $12 million Series A, led by Ego Death Capital
Bitcoin self-custody app Relai has announced the completion of a $12 million Series A round, led by venture capital fund Ego Death Capital, with participation from Timechain and Solit Group. Relai's total funding has now reached around $20 million, and its valuation has been increased from $60 million (pre-investment) to $72 million (post-investment).
AI voice company WaveForms raises $40 million seed round, led by a16z
WaveForms, an AI voice startup founded by former OpenAI researcher Alexis Conneau, has raised a $40 million seed round at a $200 million valuation. The round was led by Andreessen Horowitz.
WaveForms is developing AI audio software that can capture emotional cues and enable more natural voice interactions, aiming to enhance the experience of human-machine voice dialogues. Conneau previously worked on developing advanced voice assistant capabilities at OpenAI, and founded WaveForms in San Francisco in September after leaving the company in August.
Klickl International, a Web3 banking service provider headquartered in the UAE, has announced the completion of a $25 million Series A round at a $125 million valuation. The round was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, and others.
Klickl plans to launch two major initiatives in Q4 2024: Klickl Labs, a joint venture with Summer Ventures focused on building cross-border remittance and digital payment infrastructure in high-growth markets in the Middle East and Africa; and Klickl Foundation, which will invest in the Klickl Web3 ecosystem. As a strategic partner, Web3Port Foundation will serve as a limited partner in the Klickl Foundation Web3 fund. Klickl was founded in 2017 and is focused on building a global stablecoin ecosystem that connects digital and traditional finance.
Web3 AI cloud startup Hyperbolic raises $12 million Series A, led by Variant and Polychain Capital
Web3 AI cloud startup Hyperbolic has announced the completion of a $12 million Series A round, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, and Ambush Capital, as well as several angel investors. This investment brings Hyperbolic's total funding to $20 million.
The new capital will be used to expand the engineering and strategic teams and enter the market. Hyperbolic plans to launch its own blockchain next year. The company aims to provide verifiable, secure, and reliable AI services to the market by integrating global GPU computing resources with blockchain technology, effectively addressing the industry's pain points of high computing resource costs and uneven distribution. Hyperbolic has also launched the decentralized orchestration layer Hyper-dOS (Hyperbolic Distributed Operating System) to provide a solid technical foundation for the entire GPU market. (Coinness)
Previously in July, Hyperbolic completed a $7 million seed round, led by Polychain Capital and Lightspeed Faction.
Voices
Bitwise 2025 market forecast: Bitcoin's trading price will exceed $200,000
Bitwise has officially released its top 10 predictions for the cryptocurrency market in 2025, as follows:
1. Bitcoin's trading price will exceed $200,000.
2. Bitcoin ETF assets will grow more in 2025 than in 2024.
3. Coinbase's stock price will exceed $700 per share.
4. At least five crypto unicorns will go public in the US.
5. Tokens launched by AI agents will lead the meme coin craze.
6. The number of countries holding Bitcoin will double.
7. Coinbase will enter the S&P 500, and MicroStrategy will enter the Nasdaq 100.
8. The US Department of Labor will relax guidance on cryptocurrencies in 401(k) plans.
9. The stablecoin asset size will more than double to over $400 billion.
10. The tokenized RWA market will reach $50 billion in size.
Additionally, Bitwise predicts that by 2029, Bitcoin's market cap will exceed the $18 trillion gold market, with a trading price above $1 million.
Regarding the potential quantum threat from Google's Willow chip, Avalanche founder and renowned academic Emin Gün Sirer said this morning that Satoshi Nakamoto's 1 million Bitcoins may be vulnerable to quantum attacks. The early Bitcoin used a very old Pay-To-Public-Key format, which leaks the public key and gives attackers time to study it, the root of all cryptographic bounties. Modern Bitcoin wallets or Avalanche do not use P2P K, but it did exist in Bitcoin's early stages.
Therefore, as the quantum threat intensifies, the Bitcoin community may need to consider freezing Satoshi's 1 million Bitcoins, or more broadly, providing a sunset date and freezing all Bitcoins on P2P K UTXOs.
Earlier, Google officially announced the launch of its latest quantum chip Willow, claiming it can perform calculations that would take the world's top supercomputers 10,000,000,000,000,000,000,000,000,000 (10^25) years to complete in under 5 minutes.
