Bitcoin breaks $106,000, setting a new historical high.
On December 16, market data shows Bitcoin breaking $106,000, setting a new historical high, currently quoted at $106,312, with a 24-hour increase of 4.87%.
OpenSea's foundation registration sparks airdrop speculation, with a new version expected to launch this month.
Yesterday, TheBlock co-founder Mike Dudas revealed on social media that OpenSea has registered a foundation in the Cayman Islands. An anonymous researcher of the Azuki NFT series, Waleswoosh, also released a screenshot of OpenSea's registration in the Cayman Islands. Typically, Web3 projects register foundations to prepare for token issuance, raising speculation about upcoming tokens and user airdrops.
On November 4, OpenSea co-founder and CEO Devin Finzer announced that the NFT market is planning a comeback. Although Finzer revealed few details, he promised that the revamped OpenSea would launch in December.
Meta requests to prevent OpenAI from becoming a for-profit company.
Following Musk, Meta has also filed a complaint with the judicial department requesting to prevent OpenAI from becoming a for-profit company. According to reports, Meta has written to California Attorney General Bonta, stating that allowing this transition would have a 'significant impact on Silicon Valley.' Meta requests Bonta to take 'direct action' and also stated that Musk and former OpenAI board member Hitzig 'are qualified and capable of representing the interests of Californians in this matter.'
Opinion: While CeFi lending decreases, DeFi lending is surging.
CEOs of Abra and Arch, active in the crypto lending space, indicate that while CeFi lending decreases, DeFi lending is surging. With the push from protocols like Aave v3 and Spark v1, lending protocol TVL has reached new highs.
Aave v3: From November 5 to December 5, Aave v3's TVL grew from $16.5 billion to $27 billion, becoming a leader in recovery. Its success stems from features like cross-chain functionality and improved capital efficiency, making it a dominant player in the DeFi lending space.
Spark v1: This protocol has also seen significant growth, with its TVL increasing from $4.5 billion to $8 billion during the same period, nearly doubling.
In 2024, Asia will account for 32% of global cryptocurrency developers, with new developers favoring Solana over Ethereum.
According to a report from venture capital firm Electric Capital, Asia will account for 32% of global cryptocurrency developer activity in 2024. The company recently released a comprehensive annual report analyzing over 900 million code submissions across the crypto industry. Compared to a 12% share in 2015, this shift represents nearly a threefold increase, while North America's share decreased from 43% to 24%. New developers prefer Solana over Ethereum, and the best talent in the crypto field is migrating east, with growth rates that other regions find hard to catch up with.
The Trump family's crypto project WLFI purchases $250,000 worth of ONDO tokens through Cow Protocol.
According to Arkham monitoring, at 6:51 AM Beijing time today, the Trump family's crypto project WLFI spent 250,000 USDC to purchase 134,216 ONDO tokens through Cow Protocol.
Tokens like ARB, APE, and QAI will experience large unlocks this week.
Mars Finance reports that according to TokenUnlocks data, this week ARB, APE, and QAI will experience a one-time large token unlock, totaling over $100 million in value. Among them: Arbitrum (ARB) will unlock 92.65 million tokens at 21:00 on December 16, valued at about $94.41 million, accounting for 2.26% of the circulating supply; ApeCoin (APE) will unlock 15.6 million tokens at 20:30 on December 17, valued at about $25.12 million, accounting for 2.16% of the circulating supply; QuantixAI (QAI) will unlock 232,300 tokens at 08:00 on December 18, valued at about $22.31 million, accounting for 5.16% of the circulating supply; Cardano (ADA) will unlock 18.53 million tokens at 08:00 on December 21, valued at about $20.27 million, accounting for 0.05%.
Influencer squirrel Peanut's owner sends a cease-and-desist letter to Binance, demanding it stop using PNUT-related IP.
Mars Finance reports that on December 16, influencer squirrel Peanut's owner Mark Longo (@Squirrel_Dad12) announced via his law firm that he has sent a cease-and-desist letter to Binance for infringement. The letter states that Binance has used multiple intellectual properties, including the PNUT trademark and the cowboy hat-wearing squirrel image, without authorization. According to the letter, Longo has been using the PNUT-related trademark in the U.S. since April 2017, primarily for educational and public welfare projects related to animal protection, wildlife, and nature conservation. If the infringement is confirmed to be willful, compensation could be up to $150,000 for each infringement. The lawyer demands Binance respond and cease all infringing activities by December 31.
Trader's must-read: 6 strategies for winning the altcoin season.
This article analyzes the cyclical patterns of the altcoin market, noting that it is currently in a phase after Bitcoin's breakthrough historical high, where funds are starting to flow into large-cap altcoins and gradually into mid and small-cap altcoins. The author suggests that investors should accumulate positions in batches during market fluctuations or corrections, avoid using leveraged trading, and develop clear investment plans to control risks. The article also emphasizes potential market corrections that may occur before the altcoin season arrives and provides several altcoins worth paying attention to, such as SOL, BLUR, MEME, etc., suggesting gradual accumulation when price structures break out.
AI Agent Development Overview: Evolution from MEME to Utility.
The AI agent model 'Truth of Terminal' has sparked a wave of integration between AI and meme culture, giving rise to the meme coin GOAT. Created by New Zealand developer Andy Ayrey based on the Llama-70B model, this model explores language potential through unsupervised dialogue, inadvertently introducing the concept of 'GOATSE', which quickly attracted attention in the crypto community. The market capitalization of GOAT coin soared in a short time, demonstrating the enormous potential of combining meme culture with technology. The AI MEME sector has thus rapidly developed, with projects being diverse and complex, promoting a deep integration of AI technology and culture.
Google's quantum computer Willow released: Will Bitcoin private keys be cracked?
Google's quantum supercomputer Willow has raised concerns about the security of Bitcoin and cryptocurrencies. Although quantum computing could threaten existing cryptographic algorithms like SHA-256 and ECDSA, current quantum computing technology is still insufficient to crack these algorithms. Willow showcases the potential of quantum computing, but millions of qubits and extremely low error rates are still needed to genuinely threaten cryptographic security. The crypto industry has time to develop quantum-resistant algorithms to address future challenges.
