1. Zhao Changpeng posted a post with the picture “Alt”, which may hint at the arrival of the copycat season
Binance founder Changpeng Zhao posted a message saying: "Which key is available on Windows and Linux but not on Mac?" and attached an "AIt" picture, which may hint at the arrival of the copycat season.
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2.Bybit CEO: The application for the Hong Kong virtual asset license was previously unsuccessful due to the last step, and will be applied again in the future
Ben Zhou, CEO of crypto trading platform Bybit, said at a media communication meeting that when applying for a Hong Kong virtual asset compliance license, his application was not approved last week due to certification issues when his local RO (responsible supervisor) conducted background checks by the regulator. However, he said that he would enter the Hong Kong virtual asset market again and planned to apply for a Hong Kong compliance license again in the first quarter or first half of 2025.
3. AAVE’s USDe deposit rate reaches 62.87%
The lending protocol AAVE has a USDe deposit rate of 62.87%, a USDC deposit rate of 38.39%, and a USDT deposit rate of 28.14%. In AAVE, the deposit rate is directly linked to borrowing demand. If many users borrow a large amount of an asset (such as USDe, USDC, USDT) in a short period of time, the protocol will attract more liquidity by raising the deposit rate to balance supply and demand. The loan demand for stablecoins may be for Ethena sUSDe, which currently has a basis yield of 29%, which once exceeded 50%.
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4.RTFKT announced that it will cease operations by the end of January 2025
Nike's RTFKT announced that it will end its Web3 service operations in January 2025. Since its establishment in 2020, the project has been known for its "digital shoes" and virtual goods in collaboration with brands. In 2021, RTFKT was acquired by Nike with the aim of expanding its influence in the virtual world. Although the project is closed, its Ethereum-based tokens are still available. In addition, RTFKT plans to launch an updated website before the transition, and will launch MNLTH X featuring BLADE DROP in December this year.
5. Coinbase integrates Apple Pay into Onramp to simplify the cryptocurrency purchase process
Coinbase is integrating Apple Pay into its fiat-to-crypto payment solution, Coinbase Onramp, to simplify the process of buying cryptocurrencies for users. Formerly known as Coinbase Pay, the solution supports one-click purchases and reduces the number of steps users have to take to top up their self-insured wallets. Onramp supports over 60 currencies and offers lightweight KYC screening, allowing users to operate through bank accounts, debit cards, and Coinbase accounts. This feature was launched to a select group of customers just before Thanksgiving.
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6. Cambodia blocks 16 cryptocurrency trading websites
Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, but not their apps, highlighting the country's struggle to regulate its illicit but thriving cryptocurrency market. Cambodia faces international pressure to improve its reputation as a hub for online scams, and the government's attempts to regulate cryptocurrencies and other digital services have had little impact on the decentralized nature of cryptocurrency trading while cutting off some established industry players.
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