The US November non-seasonally adjusted CPI year-on-year rate was 2.7%, and the core CPI year-on-year rate was 3.3%, both in line with expectations.
The US Securities and Exchange Commission (SEC) is seeking public comments on the listing of the Bitwise Bitcoin and Ethereum ETF on the NYSE Arca.
The US Senate has postponed the vote on the nomination of Democratic SEC Commissioner Caroline Crenshaw.
The Vancouver City Council has passed a motion to become a "Bitcoin-friendly city" and explore the potential municipal uses of Bitcoin.
Apple has released new software versions for iPhone, iPad, and Mac, officially integrating Siri with ChatGPT functionality.
The CEO of BNY Mellon stated that tokenization is a major trend in the financial market, and any new development in the crypto asset space needs to be tested in real-world scenarios.
An advertisement for a crypto fund has appeared on the Alipay platform, with a daily purchase limit of 1,000 RMB per person.
The Web3 gaming ecosystem Treasure has launched its mainnet after its DAO approved the migration to ZKsync.
On-chain detective ZachXBT announced that he will release a vulnerability research worth over $25 million next week.
The Kenya National Fire Service has added Bitcoin to its balance sheet.
The founder of Interactive Brokers Group Inc. recommends that people allocate 2% to 3% of their net assets to Bitcoin.
Coinbase has added Peanut the Squirrel (PNUT), an SPL token on the Solana network, to its asset roadmap.
According to information relayed by Bitcoin Magazine, the insurance giant MassMutual purchased more than 5,000 bitcoins four years ago, and the investment has now increased fivefold, with a market value of about $500 million. MassMutual, officially known as Massachusetts Mutual Life Insurance Company, is a renowned life insurance and financial services provider headquartered in Springfield, Massachusetts. Established in 1851, MassMutual has grown to become one of the largest life insurance companies in the United States, ranking 100th on the Fortune 500 list, with revenues of $10.7 billion and total assets under management of $312 billion as of 2022.
Crypto travel platform Travala announces the launch of a Bitcoin and AVA reserve program
According to Cointelegraph, the crypto travel platform Travala has announced the launch of a dedicated Bitcoin and AVA token reserve program to strengthen its financial foundation and accelerate future growth. The announcement comes as Travala's annual total revenue surpassed $100 million, a significant increase from $59.6 million in 2023. Travala CEO Juan Otero stated that the new reserve funds will provide the company with more resources for hiring new employees and launching platform incentive initiatives, and he hopes to be able to use the crypto reserves directly in the future without the need for conversion. Travala has not disclosed the specific scale of the reserve at launch, but it stated that it may include other tokens in its reserve system in the future, depending on business and market maturity. Since its establishment in 2017, Travala has improved booking experiences through blockchain technology, supporting the use of over 100 cryptocurrencies for payments, and has become a prominent platform in the travel booking industry. Its native token AVA reached a historical high of $6.45 in 2021 and is currently priced around $0.7.
Notcoin developers launch the Earn program to provide token rewards for Telegram Wallet users
According to The Block, the team behind Notcoin, Open Builders, has launched a startup pool platform called Earn, aimed at rewarding Telegram Wallet users for holding TON ecosystem tokens. Through this program, users can receive rewards without complex staking operations, simply by holding the relevant tokens. The rewards come from airdrops of new projects, which will distribute tokens to existing TON ecosystem token holders (such as NOT and DOGS). Users can participate in multiple project pools, such as the Notcoin pool or the DOGS pool, and receive hourly rewards based on their ranking on the on-chain snapshot leaderboard. Exclusive pools are also provided for gold, platinum, and early Notcoin stakers. Each pool has independent participation conditions, and currently, only the top 100,000 users are eligible for rewards. The initial Earn platform projects include BUILD and the upcoming NOT PX token, further expanding the reward opportunities for users. Notcoin, as the first Telegram click-to-earn game, has driven the development of the TON blockchain ecosystem, with its NOT token reaching a market cap of $1.5 billion and currently standing at $782 million.
FTX debtors recover $14.5 million in assets through political donation settlements
According to CryptoSlate, the FTX debtors have recovered approximately $14.5 million in assets through political donation settlements in November. The funds primarily came from the House Majority PAC ($6 million) and the Senate Majority PAC ($3 million), as well as other organizations such as the Forward Action Fund, Mind the Gap, and People for the American Way, each returning over $1 million. This recovery action is part of the FTX bankruptcy proceedings, aimed at reclaiming the relevant funds donated during Sam Bankman-Fried's leadership, as he had significantly influenced Washington policymaking through large political donations, contributing to nearly one-third of U.S. Congress members, totaling at least $40 million. After the FTX collapse, many politicians chose to redirect these donations to charitable organizations to distance themselves from the scandal. The FTX bankruptcy team is currently pursuing legal actions against other platforms and individuals in an effort to recover more assets, including lawsuits against Binance, Crypto.com, KuCoin, and other prominent figures, in preparation for creditor compensation, which is expected to begin in early 2025.
Bluefin Foundation: The genesis issuance of the native token BLUE has been completed
According to the Bluefin Foundation announcement, the decentralized perpetual contract protocol Bluefin on the Sui Network has completed the genesis issuance of its native token BLUE, marking an important step towards decentralized governance. Bluefin has processed over $37.5 billion in transaction volume on the Sui Network, with a total locked value of $31.9 million, accounting for 72% of the Sui market share. The total supply of BLUE tokens is 1 billion, with an initial circulating supply of 150.385 million, of which 52% is allocated for ecosystem growth (unlocked over 5 years), 28% for strategic participants (3-year unlock, 1-year lockup), and 20% for core contributors (also 3-year unlock). BLUE holders can participate in protocol governance, including proposing, voting, and resource allocation, to drive fee structure adjustments, incentive program launches, and more. It was previously reported that the DEX Bluefin would launch the BLUE token, with a maximum supply of 1 billion, of which 32.5% is for user incentives. Bluefin has also launched an airdrop eligibility portal to distribute 17% of the BLUE tokens.
OKX will provide full compensation to users who overpaid for OKSOL
The official OKX Chinese Twitter account has announced that during the opening phase of the OKSOL/USDT and OKSOL/SOL spot trading pairs, due to the lack of price limits, some users' concentrated buying led to a significant decoupling of the OKSOL and SOL prices, resulting in user losses. OKX has expressed its apologies and stated that it will provide full compensation to users who overpaid for OKSOL (including the OKSOL/USDT and OKSOL/SOL trading pairs). The specific compensation plan and details will be announced as soon as possible. OKSOL is a Solana liquidity staking certificate developed by OKX, representing the SOL assets staked by users on the OKX platform. By staking SOL, users can obtain OKSOL at a 1:1 ratio, enjoy staking rewards, and maintain asset flexibility.
Binance Labs announces investment in Solana-based stablecoin protocol Perena
Binance Labs has announced an investment in Quine Co., the core development team behind Perena, to support the establishment of the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional finance principles. Perena's product Numéraire (a multi-token expandable Stableswap without CLMM management) addresses the fragmentation issue in the stablecoin ecosystem and reduces the capital requirements for new stablecoin issuances. Users can mint stablecoins, earn yields on tokenized real-world assets, and customize risk-return profiles through a layered collateralized debt position system on the protocol. Binance Labs' investment will support the Perena team in scaling, developing a global community, and building a comprehensive stablecoin product suite on Solana.
According to TechCrunch, the stablecoin-driven financial platform KAST has raised $10 million in seed funding, with Peak XV and HongShan as the lead investors. Peak XV and HongShan are investment firms that spun out from investment giant Sequoia last year, focusing on India and China, respectively. Partners from DST Global and Goodwater Capital also participated in this round. The company plans to launch savings products and expand its remittance services, while continuing to focus on stablecoin-based infrastructure. KAST is described as a stablecoin-driven financial platform targeting emerging markets, allowing customers to hold and spend stablecoins through traditional payment channels. KAST also issues credit cards that can be used at standard merchant networks, enabling users to spend their held stablecoins at merchants that do not support crypto transactions. KAST declined to disclose its user numbers or valuation but stated that its growth has exceeded expectations in the first four months of operation.
According to The Block, blockchain startup Commonware has completed a $9 million funding round, led by Haun Ventures and Dragonfly Capital, and received funding from many well-known cryptocurrency developers, including BeraChain's Smokey the Bera, Cosmos' Zaki Manian, EigenLayer's Sreeram Kannan, Farcaster's Dan Romero, and Helius' Mert Mumtaz. Commonware was founded by former Ava Labs engineering vice president Patrick O'Grady and provides "anti-framework" tools to give developers highly customizable blockchain building blocks. Commonware has released multiple tools, including the Simplex Consensus mechanism, aimed at going beyond the limitations of traditional frameworks to provide more efficient solutions for developers and users.
Riot Platforms Completes $525 Million Note Issuance to Fund Bitcoin Purchases
According to Cryptoslate, Bitcoin miner Riot Platforms has successfully completed a $525 million senior notes offering, as shown in a filing with the U.S. Securities and Exchange Commission (SEC) on December 11. These notes, maturing in 2030, have a 0.75% interest rate and were privately issued to institutional investors. The note terms allow investors to convert them into Riot's common stock starting in 2029, and under certain conditions, they may also be able to convert them earlier. The proceeds will primarily be used to drive the company's Bitcoin acquisition strategy and further expand its holdings. Prior to this strategic move, Riot had already spent $68.45 million to purchase 705 Bitcoins. With this latest investment, the company now holds a total of 12,000 Bitcoins, valued at around $1.2 billion at the current market price, making Riot the second-largest Bitcoin-holding public mining company, behind Marathon Digital, which holds over 40,000 Bitcoins.
Robinhood: November Crypto Trading Volume Reaches $35.2 Billion, Up Over 500% QoQ
According to Globenewswire, Robinhood Markets has released its November 2024 operating data. As of the end of November, the trading platform had a total of 24.8 million funded accounts (up about 420,000 from October 2024 and up about 1.5 million year-over-year); total assets under custody were $195 billion (up 22% QoQ and 106% YoY). Equity notional trading volume reached $147.1 billion (up 16% QoQ and 178% YoY). Options contract trading volume reached 155.5 million (down 2% QoQ but up 63% YoY). Crypto notional trading volume reached $35.2 billion (up over 500% QoQ and over 700% YoY). As of the end of November, the company had a margin balance of $6.8 billion, a total cash sweep balance of $26.5 billion, and securities lending revenue of $23 million.
9.726 Billion USDT Moved from Tether Treasury to Exchanges in the Past 24 Hours
According to Lookonchain monitoring, a large amount of capital is flowing into the cryptocurrency market, with 9.726 billion USDT moved from the Tether Treasury to exchanges in the past 24 hours.
Ceffu-Related Wallets Deposited 73.8 Million DOGE to Binance in the Past 24 Hours
According to The Data Nerd monitoring, two hours ago, a wallet address (0x084) belonging to Ceffu deposited 11.27 million DOGE (about $4.4 million) to Binance. In the past 24 hours, this address has deposited a total of 73.8 million DOGE (about $30.32 million) to Binance. Currently, this address and its main wallet hold a total of 428.57 million DOGE, worth about $170.26 million.
Alameda Research-Related Wallet Deposited 3.36 Million FTT to Binance
According to Onchain Lens, a wallet associated with Alameda Research deposited 3.36 million FTX tokens (FTT), worth about $11 million, to a Binance address belonging to "Mirana Ventures". These FTX tokens were previously deposited in the Mantle Treasure wallet by Alameda three years ago and have recently been transferred.
FTX/Alameda Redeemed and Distributed 181,232 SOL from Staking, Worth About $41.46 Million
According to on-chain analyst Yujin, FTX/Alameda redeemed and transferred out 181,232 SOL (worth about $41.46 million) from staking in the past 5 hours and distributed it to 20 addresses. FTX/Alameda's staking address has cumulatively redeemed and transferred out 4.262 million SOL (worth about $484.53 million) in this way since last November, at an average price of $113.6. They currently still have 6.616 million SOL (worth $1.5 billion) staked, and at their current monthly withdrawal rate of about 170,000 SOL, these SOL can be sold for 3 more years.
Pudgy Penguins Floor Price Surpasses $100,000, Reaching a New All-Time High
According to Coingecko data, the floor price of the "Pudgy Penguins" NFT collection has surpassed $100,000, reaching a new all-time high. The current Pudgy Penguins floor price is 26.98 ETH, or about $103,144, with a 7-day increase of 86.9%.
Trump Family Crypto Project WLFI Exchanged 5 Million USDC for 1,325 ETH
According to Arkham monitoring, the Trump family crypto project WLFI has exchanged 5 million USDC for 1,325 ETH in multiple transactions, at an average price of $3,773.
Tether Mints 1 Billion USDT on the Ethereum Network
According to Onchain Lens monitoring data, Tether has minted 1 billion USDT on the Ethereum network. The total USDT minted this month has reached 4 billion dollars.
BlackRock and Fidelity ETFs Purchased $500 Million Worth of ETH in the Past Two Days
According to The Block, data from crypto tracking platform Arkham shows that financial giants BlackRock and Fidelity have purchased $500 million worth of Ethereum in the past two days. These companies primarily made the purchases through crypto exchange Coinbase or its institutional crypto service platform Coinbase Prime. According to The Block's data dashboard, BlackRock's ETHA and Fidelity's FETH are among the top Ethereum spot ETFs, and they led the record inflows on November 30. On December 10, ETHA and FETH had trading volumes of $372.4 million and $103.7 million respectively.
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