24 H Hot Cryptocurrencies
1. CEX Hot Cryptocurrencies
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: -0.58%
ETH: +1.99%
XRP: -0.30%
DOGE: -0.52%
SOL: +0.29%
SUI: +4.13%
LINK: +20.66%
PEPE: -4.10%
TRX: +6.48%
AVA: +231.58%
24H Gainers (Data from OKX):
AAVE: +24.13%
LINK: +21.92%
CRV: +10.99%
COMP: +9.75%
AVAX: +9.73%
MKR: +8.99%
OP: +8.92%
ENS: +5.56%
UNI: +4.14%
2. Top 5 On-Chain Meme Cryptocurrencies (Data from GMGN):
gooch chain
rich
DUCK
SigmaBoy
RISE
3. Today's Hot Cryptocurrencies
AAVE, ranked first in the 24-hour gainers list. AAVE is the native token of the Aave protocol, 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).
AVA, the token of the travel service provider Travala that accepts crypto payments, surged over 200% in 24 hours due to the investment news announced by CZ.
Wise Monkey, a Meme token on the BSC chain, as previously reported, Binance will support the airdrop of this token to Floki and APE holders.
Headlines
Texas Republican Representative Submits Bill to Establish Bitcoin Strategic Reserve
Texas Republican Representative Giovanni Capriglione announced the introduction of a bill to establish a Bitcoin strategic reserve, which will serve as a testing ground for the U.S. Treasury. The proposed bill will enable the state to begin building a strategic Bitcoin reserve, receiving tax payments, fees, and donations in Bitcoin, which will be held for at least five years. The bill aims to provide a way to strengthen national financial stability and make the state a leader in Bitcoin innovation.
Capriglione stated that inflation may be the biggest enemy of our investments, and creating a strategic Bitcoin reserve and investing in Bitcoin would be a win-win for the state. He just submitted the bill, titled "Establishing a Bitcoin Reserve within the Texas Treasury Department and Managing Cryptocurrency for Governmental Entities".
Ukraine May Legalize Cryptocurrencies in Early 2025
Ukraine may legalize cryptocurrencies in the first quarter of 2025, but is unlikely to provide tax exemptions. Danylo Hetmantsev, the chairman of the parliamentary committee on finance, taxation, and customs policy, stated: "Regarding cryptocurrencies, the working group in the parliament is finalizing the first reading of a draft law. I believe that the text, developed in cooperation with the National Bank and the International Monetary Fund (IMF), will be ready after the New Year. Our goal is to pass this law and legalize cryptocurrencies in the first quarter of 2025." Hetmantsev also said, "Cryptocurrencies will not be tax-free, the form of taxation will mimic securities, with taxation on profits when assets are converted into fiat. After consulting with European experts and the IMF, we have taken a very cautious approach to granting tax exemptions for the use of cryptocurrencies, as this could exacerbate tax evasion in traditional markets."
Alipay Refutes: "Alipay Can Buy Cryptocurrencies" is False Information
Alipay posted a refutation on its X platform, stating that the claim "Alipay can buy cryptocurrencies" is false information. According to previous reports, some users in mainland China have recently received advertisements for cryptocurrency funds on the Alipay fund page, with content such as "Global investment, cryptocurrency soaring, 10 RMB to start, get on board now." After verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a compliant investment model for overseas assets, indirectly holding Coinbase stocks and the ARK Invest Bitcoin spot ETF. Currently, the daily purchase limit is 1,000 RMB per person.
OpenSea Changes X Account Avatar to Pudgy Penguins Image
OpenSea has changed the profile picture of the X account to a Pudgy Penguins image.
Industry News
Crypto-Friendly Congressman French Hill Wins Financial Services Committee Chair
Crypto supporter, U.S. Representative from Arkansas French Hill, has defeated three other competitors to win the position of Financial Services Committee chair. It is reported that French Hill stated in a July Unchained podcast that stablecoin and market structure legislation would be two of the bills he most wants to pass as chairman.
Project News
Amazon Plans to Donate $1 Million to Trump's Inauguration
According to the Wall Street Journal, Amazon (AMZN.O), owned by Jeff Bezos, plans to donate $1 million to Trump's inauguration ceremony.
CZ: Invested in Crypto Travel Platform Travala.com Before the Pandemic
CZ posted on X platform that he invested in the crypto travel platform Travala.com before the pandemic and the Crypto Winter, and the platform has reportedly reached the $100 million revenue milestone.
Previously, it was reported that the travel platform Travala, which supports crypto payments, plans to launch a Bitcoin reserve program.
Base Chain AI Agent Token VIRTUAL Surpasses $2.1 Billion Market Cap, Hitting New High
According to GMGN data, the Base chain AI agent token VIRTUAL is currently priced at $2.18 with a market cap of $2.18 billion, setting a new all-time high, with a 24-hour increase of 13.7%.
Investments and Financing
Fantasy.top Completes $4.25 Million Seed Funding, Led by Dragonfly
The Blast-based decentralized card game Fantasy.top has announced the launch of its second version, Fantasy V2, and has completed a $4.25 million seed funding round. The round was led by Dragonfly, with Manifold Ventures participating. The funding will be used to enhance Fantasy's core products: card trading games and virtual betting.
Solana-Based Tokenization Platform AgriDex Raises $4 Million in Strategic Round
The Solana-based tokenization platform AgriDex has raised $4 million in a strategic funding round, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors, including Tobechi Bolanle Taiwo from Palantir and Anna Yuan from Perena, also participated in this round.
According to reports, AgriDex plans to tokenize $4.5 billion in trade commitments and expand into new commodities such as West African cocoa and Eastern European wheat. Previously, the platform has tokenized agricultural products such as wine, olive oil, coffee, and livestock. As a London-based agricultural tokenization platform, AgriDex provides direct trading channels through NFTs, ensuring transaction transparency and supporting compliance controls, quality inspections, and commodity traceability.
The Avalanche Foundation announced that it has raised $250 million through a private token sale for its blockchain platform, with participation from Galaxy Digital, Dragonfly, and ParaFi Capital, among more than 40 other companies. It is reported that this is not the first time Avalanche has raised a large amount of funds. In December 2021, at the peak of the previous cryptocurrency bull market, the Avalanche Foundation raised $230 million in a similar token sale.
The stablecoin-driven neobank KAST has completed a $10 million seed funding round, co-led by Peak XV and HongShan, with participation from partners of DST Global and Goodwater Capital. KAST declined to disclose its user numbers or valuation, but said its growth in the first four months of operation has exceeded expectations. Peak XV and HongShan are Indian and Chinese investment firms that spun out from investment giant Sequoia last year.
KAST is a dollar-denominated, bank-like platform that allows customers to hold and use stablecoins through traditional payment channels. Kast also issues credit cards compatible with standard merchant networks, enabling users to use their held stablecoins at merchants that do not support cryptocurrency transactions.
Co-founder Raagulan Pathy, who previously oversaw Circle's Asia-Pacific business, said that the banking infrastructure in many countries severely lacks cross-border capabilities. The platform aims to reduce friction in international payments by bypassing traditional banking networks.
Superform Labs Completes $3 Million Strategic Funding Round, Led by VanEck Ventures
Cryptocurrency investment app developer Superform Labs announced the completion of a $3 million strategic funding round, led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven 11 Capital, and UpTop Capital. The total funding raised by the company has now reached $9.5 million.
Superform is a permissionless, cross-chain yield market that allows DeFi protocols to list their vaults or asset pools, and crypto users to deposit funds into these vaults to earn yields.
Voices
Trump: Will Be Doing Something Great with Crypto
According to market news, Trump stated that he will be doing something great with cryptocurrency (WILL BE DOING SOMETHING GREAT WITH CRYPTO), and also said that the stock market is everything to him, and it is very important.
CryptoQuant: Increased Demand and On-Chain Activity Could Push ETH Above $5,000
CryptoQuant analysts stated that if the current supply-demand trends and investor interest continue to rise, the price of Ethereum could exceed $5,000. They added that Ethereum's on-chain activity has increased, with daily transactions and dApp usage driving up network fees, and the increased Ethereum burning has slowed supply growth.
CryptoQuant analysts also pointed out that Ethereum's realized price band is a key metric they evaluate. The realized price represents the average price at which Ethereum has changed hands. The upper bound of the realized price band is currently $5,200, and as new buyers purchase Ethereum at higher prices, this price band ceiling will continue to rise, indicating further upside potential in the current market cycle.
Schwab's New CEO: Preparing to Launch Spot Crypto Trading
Schwab's President and incoming CEO, Rick Wurster, previously stated that the company would seek to offer spot cryptocurrency trading once the regulatory environment in the US changes. He said Schwab is preparing for this possibility, as the company currently offers cryptocurrency-linked exchange-traded funds (ETFs) and cryptocurrency futures. It is reported that Rick Wurster will officially assume the CEO role on January 1, 2025.
Electric Capital: Solana Surpasses Ethereum as the Fastest Growing Ecosystem for New Developers
A developer report by venture capital firm Electric Capital found that Solana is the blockchain of choice for new developers. The report found that of the 39,148 new developers who started exploring cryptocurrencies this year, 7,625 were developing on Solana, representing an 83% year-over-year growth in the network's developer count. The report stated that this is the first time since 2016 that Solana's ecosystem growth has surpassed Ethereum. However, in terms of total developer count, Ethereum remains the largest blockchain in North America, South America, Asia, Europe, and Africa, with Solana ranking second in the same regions.
