The probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 74.5%.
According to CME's "Fed Watch": The probability of the Fed maintaining the current interest rate unchanged by December is 25.5%, and the probability of a cumulative interest rate cut of 25 basis points is 74.5%. The probability of maintaining the current interest rate unchanged by January next year is 20.6%, the probability of a cumulative interest rate cut of 25 basis points is 65.1%, and the probability of a cumulative interest rate cut of 50 basis points is 14.3%.
Delaware judge again rejects Musk's $55.8 billion pay package
According to X Daily News, a Delaware Chancery Court judge once again rejected Tesla CEO Elon Musk's $55.8 billion compensation plan. The judge made the ruling based on the following three reasons:
Shareholder votes cannot retroactively verify breaches of fiduciary duty, especially in transactions with conflicts of interest; Tesla did not raise the argument of ratification during the trial, thus it is procedurally invalid; the materials used to solicit votes are misleading, undermining the legitimacy of the vote.
Additionally, the court dismissed Tesla's attempt to use shareholder votes as new evidence to overturn previous rulings. The court emphasized that post-trial evidence cannot be used in this manner, as allowing such strategies would undermine the deterrent effect of lawsuits aimed at holding corporate leaders accountable for misconduct.
WisdomTree submitted an XRP ETF S-1 application to the SEC.
According to an S-1 document submitted to the SEC, WisdomTree has filed for the WisdomTree XRP Fund, which is an exchange-traded fund (ETF) that issues beneficial interest common stock and will be listed on Cboe BZX Exchange, Inc. under the stock code 'TICKER'. The trust's investment objective is to gain exposure to XRP prices, minus the trust's operating expenses and liabilities. BNY Mellon serves as the trustee, fund accountant, and transfer agent for the trust.
Hashflow passes a proposal to destroy tokens: 50% of protocol fees will be used for buyback and destruction.
Decentralized exchange platform Hashflow announced that its token burn proposal has been approved. From now on, the platform will use 50% of protocol fees for the buyback and destruction of HFT tokens. As a start to this plan, Hashflow has completed the destruction of over 900,000 HFT tokens. The platform stated it will continue to promote the token burn plan in the future.
Nike's NFT project RTFKT will gradually stop operations.
Nike's NFT project RTFKT officially announced this morning that it plans to gradually cease operations. According to the statement:
All web3 services will be shut down by the end of January 2025; an updated website will be launched to showcase RTFKT's pioneering work; the final innovative project, MNLTH X, will be released in December, which includes the BLADE DROP series.
Magic Eden will open ME token airdrop qualification checks on December 4, with TGE scheduled for December 10.
Jack Lu, co-founder and CEO of Magic Eden, announced on social media X that the ME token airdrop qualification and distribution checks will open on December 4, with the token generation event (TGE) scheduled for December 10. Additionally, the Magic Summit conference will be held on December 17.
The European Central Bank releases the latest progress report on the digital euro project.
This morning, the U.S. government transferred nearly 20,000 Bitcoins related to Silk Road to Coinbase Prime, possibly preparing for sale.
According to Arkham data, the U.S. government transferred nearly $2 billion worth of 19,800 Bitcoins related to Silk Road (through an intermediary address) to Coinbase Prime, which may suggest that it has sold or is preparing to sell these seized assets.
Previously, the Department of Justice stated that over 50,000 Bitcoins were seized in 2022, with plans to sell them in batches. Earlier this year, the U.S. Marshals Service collaborated with Coinbase Prime to manage and trade large digital asset holdings. The U.S. government currently still holds approximately $18 billion worth of seized crypto assets.
Arthur Hayes: Be cautious of high FDV, low circulation projects supported by VCs.
Sonic Labs has generated its first block on the mainnet, expected to launch as scheduled in early December.
According to The Block, Sonic Labs announced that its Layer 1 mainnet has generated its first block and is expected to launch soon. The project has completed the airdrop snapshot for S Token, which can be exchanged 1:1 with FTM from Fantom. The Sonic mainnet aims to process 10,000 transactions per second with a confirmation time of 1 second, while introducing Ethereum bridging functionality to leverage its liquidity resources. The project is expected to launch on schedule in early December.
Ethena Foundation provides millions of dollars in grants to Derive, and sENA holders will receive 5% DRV.
Coinbase simplifies the fiat-to-crypto payment process by integrating Apple Pay.
U.S. cryptocurrency exchange Coinbase integrates Apple Pay into its fiat-to-crypto payment solution, Coinbase Onramp (formerly known as Coinbase Pay). This feature aims to simplify the process for users converting fiat to cryptocurrency.
Coinbase Onramp is a software development kit (SDK) and collection of APIs that allows developers to embed fiat-to-crypto payment functionality in mobile apps or web pages, widely used in wallet tools such as Ethereum's Metamask, Rainbow, Solana's Phantom, and Coinbase Wallet. The tool supports over 60 currencies, offers lightweight KYC verification, and supports free USDC transfers. The Apple Pay integration was tested with some users before Thanksgiving and is now being gradually rolled out.
Coinbase has listed Moo Deng (MOODENG) on its coin listing roadmap.
According to the official announcement, Coinbase has listed Moo Deng (MOODENG) on its coin listing roadmap. The contract address for Moo Deng (MOODENG) on the Solana network (SPL token) is ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.
It is reported that MOODENG is a Solana meme coin inspired by Thai internet celebrity 'Moo Deng'.
The fifth PANews PARTY AWARD annual selection has officially opened for registration.
PANews PARTY AWARD 2025 officially opened nominations on December 2. PARTY stands for PANews' Retrospect of The Year, and the event has been held for five consecutive years, attracting active participation from Web3 entrepreneurs and quality projects worldwide. This year's selection will be themed 'Becoming Mainstream' and aims to discover and honor Web3 projects, teams, and individuals that are continuously building and working to bring the industry into the mainstream.
This event will use data pre-selection, public solicitation, and online voting to ultimately select 22 authoritative annual awards, including the Best Contribution Award, the Best Innovation Award, the Best DeFi Award, the Best RWA Project, the Best AI + Web3 Integration, the Best L1, the Best L2, the Most Popular MEME, the Most Promising Project in the Solana Ecosystem, and the Most Influential Web3 Conference of the Year. For more details, please click the original link to visit the official website, and all projects, communities, and KOLs are welcome to register and participate.
Sora Ventures launches a $150 million fund to promote Bitcoin financial strategies among publicly listed companies in Asia.
According to CryptoSlate, Sora Ventures has launched a $150 million fund aimed at promoting Bitcoin-centric financial strategies among publicly listed companies across Asia. The fund aims to replicate MicroStrategy's model of using Bitcoin as a primary reserve asset to optimize financial strategies and enhance shareholder value. According to the announcement, the fund targets companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea. The first successful case of this strategy is the collaboration between Tokyo Stock Exchange-listed company Metaplanet and Sora Ventures, which implemented the MicroStrategy model.
Bitcoin mining company MARA plans to issue $700 million in convertible preferred notes, with some proceeds used to buy more Bitcoin.
Market news: MARA purchased approximately 6,484 BTC for about $618.3 million from October 1 to November 30.
MicroStrategy earned a net income of $1.48 billion last week through the sale of shares.
Between November 25, 2024, and December 1, 2024, according to the (sale agreement), the company has sold a total of 3,728,507 shares, bringing in a total net gain of approximately $1.48 billion (after deducting sales commissions). As of December 1, 2024, there are still approximately $11.3 billion worth of shares available for issuance and sale, according to the (sale agreement).
Nano Labs plans to purchase and hold $50 million worth of Bitcoin over the next five years.
Crypto mining chip design company Nano Labs (Nasdaq: NA) announced plans to purchase and hold $50 million worth of Bitcoin over the next five years. Previously, in November, Nano Labs announced that it would accept Bitcoin payments.
AI company Genius Group increased its Bitcoin holdings worth $1.8 million, raising its total to 172 BTC.
Microstrategy spent $1.5 billion to increase its holdings of 15,400 Bitcoins.
Michael Saylor, co-founder and executive chairman of Microstrategy, stated on platform X that during the period from November 25, 2024, to December 1, 2024, MicroStrategy spent approximately $1.5 billion (at a price of about $95,976 per Bitcoin) to acquire 15,400 Bitcoins, achieving a quarterly total return of 38.7% and an annual total return of 63.3%. As of December 2, 2024, MicroStrategy holds 402,100 Bitcoins, acquired at an average price of about $58,263 per Bitcoin, worth approximately $23.4 billion.
Vitalik: Wanxiang previously purchased 410,000 ETH at an average price of $1.2 to support the Ethereum Foundation.
Grayscale opens XRP trust to qualified investors.
Grayscale has announced that it is now open to qualified investors for the XRP trust, providing indirect investment opportunities in XRP. XRP is the native token of the XRP Ledger, which is primarily used for cross-border payment processing.
BitGo launches a retail platform providing cryptocurrency trading, custody, and staking services.
According to The Block, BitGo, a crypto asset infrastructure company, officially launched a retail platform, providing regulated digital asset trading, staking, wallet, and custody services for global users. The new platform is live and offers eligible U.S. users a chance to win 1 Bitcoin.
Data shows that many indicators in the crypto market reached all-time highs in November, with on-chain total transaction volume increasing by 69.4%.
Enron: No tokens have been launched yet.
American energy company Enron announces a restart, mentioning decentralized technology on its official website. The website states that important announcements will be made in the next 8 days, and no tokens have been launched yet.
Market news earlier stated that Enron plans to leverage decentralized technology to 'solve the global energy crisis' and hinted at launching some form of token.
CoinShares: Last week, net inflows into digital asset investment products were $270 million.
According to CoinShares' latest weekly report, total inflows into digital asset investment products reached $270 million last week, while total inflows for the year have set a new record of $37.3 billion.
Bitcoin saw an outflow of $457 million, marking the first significant outflow since early September this year, which may be a profit-taking after Bitcoin tested the $100,000 psychological barrier. Ethereum saw an inflow of $634 million and experienced a sharp shift in market sentiment, with total inflows this year reaching $2.2 billion.
XRP's market cap surpasses $150 billion, reaching a new all-time high.
Bitcoin mining difficulty increased by 1.59% to 103.92 T, reaching a new all-time high.
Pump.fun once again deposited 100,000 SOL into Kraken, valued at $22.46 million.
According to OnchainLens monitoring, Pump.fun deposited 100,000 SOL into Kraken last night, valued at $22.46 million. They have sent a total of 898,869 SOL to Kraken, worth $176.46 million. Pump.fun has earned a total of 1,573,099 SOL, valued at $354 million.
10X Research: South Korea's cryptocurrency retail trading volume reached $18 billion in 24 hours, setting a new high for the year.
Research agency 10X Research's latest report shows that South Korea's cryptocurrency retail trading volume reached $18 billion in the past 24 hours, setting a new second-high record for the year, surpassing the local stock market's trading volume of $14 billion. Among them, XRP leads with a trading volume of $6.3 billion, followed by Dogecoin ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million), and Shiba Inu ($600 million).
Tether minted 1 billion USDT on Ethereum this morning.
According to Whale Alert data monitoring, Tether Treasury minted 1 billion USDT on the Ethereum blockchain at 4:57 this morning.
