24H Hot Cryptocurrencies
1. CEX Hot Cryptocurrencies
CEX Trading Volume Top 10 and 24-hour price fluctuations:
BTC: -5.32%
ETH:-6.3%
XRP:-9.7%
SOL:-7.8%
DOGE:-8.81%
PEPE:-13.16%
BNB:-3.76%
SUI:-6.37%
PENGU:+ 22.76%
ADA:-8.37%
24H Price Increase Ranking (Data Source: OKX):
GEAR:+ 37.19%
UXLINK:+ 27.52%
PENGU:+ 24.47%
VELODROME:+ 9.6%
MOVE:+ 5.77%
MORPHO:+ 4.49%
ZENT:+ 2.7%
CTC:+ 1.52%
DAI:+ 0.05%
2. On-chain hot meme Top 5 (Data Source: GMGN):
LI
daige
CATAI
WheelSnake
QBC
3. Today's hot search cryptocurrencies
LI: LI (HhUVk...ump) is a Solana meme coin. The token was issued by a Chinese artist named Li, who resides in Italy, along with his team. They run a Twitter account that claims to be a decentralized news account with over 1.878 million followers. The token's logo is Li's pet cat.
USUAL: Usual is a stablecoin developer that announced the opening of a token airdrop yesterday, while also launching spot trading on Binance. USUAL reached a peak price of 1.2073 USDT, with a current market capitalization of $447 million.
Headlines
The Federal Reserve cut rates by 25 basis points and expects two rate cuts in 2025.
The Federal Reserve concluded its 2024 annual interest rate decision, deciding to lower the benchmark rate by 25 basis points to a range of 4.25%-4.50%, marking the third consecutive rate cut, in line with expectations. In this year's eight decisions, the Federal Reserve has cumulatively cut rates by 100 basis points, consisting of one 50 basis point cut, two 25 basis point cuts, and keeping rates unchanged in the other five instances.
At the same time, the Federal Reserve's dot plot indicates that two rate cuts are expected in 2025. (Previously expected to be four cuts in September).
Powell: Currently not allowed to hold Bitcoin, nor do we wish to change the law.
Federal Reserve Chairman Powell: (when asked about Bitcoin reserves) We are not allowed to hold Bitcoin, nor do we wish to change the law.
The median of the Federal Reserve's dot plot indicates that there will be a cumulative rate cut of 50 basis points in 2025.
The Federal Reserve's dot plot shows that among 19 officials, 1 believes there should be no rate cuts in 2025, 3 believe there should be a cumulative cut of 25 basis points, 10 believe there should be a cumulative cut of 50 basis points, 3 believe there should be a cumulative cut of 75 basis points, 1 believes there should be a cumulative cut of 100 basis points, and 1 believes there should be a cumulative cut of 125 basis points.
Industry news
The Federal Reserve expects inflation to reach 2% by 2027.
Federal Reserve officials now expect inflation to reach 2% by 2027, delayed from the previous expectation of 2026.
The Australian Securities and Investments Commission has sued Binance Australia.
The Australian Securities and Investments Commission (ASIC) announced legal action against the cryptocurrency company Binance Australia, accusing it of failing to protect consumers. Binance Australia had offered cryptocurrency derivatives to 505 Australian retail investors, who were mistakenly regarded as wholesale clients.
The Hong Kong Securities and Futures Commission has issued licenses to virtual asset trading platforms under a rapid licensing process.
The Hong Kong Securities and Futures Commission today issued licenses to four virtual asset trading platform applicants under a rapid licensing process. The four applicants are Cloud Account Greater Bay Area Technology (Hong Kong) Limited, DFX Labs Company Limited, Hong Kong Digital Asset Trading Group Limited, and Thousand Whales Technology (BVI) Limited. The commission is approving the remaining applications under the same rapid licensing procedure.
Project news
Renzo has opened the third quarter airdrop claims, distributing 4% of REZ to 81,684 addresses.
Renzo officially announced the opening of third-quarter airdrop claims, with a total of 400 million REZ to be airdropped, accounting for 4% of the total supply. Users accumulating over 1000 points during the third quarter activity period from July 26 to November 30 will be eligible for the airdrop, with a total of 81,684 airdrop addresses.
ai16z: Version 0.1 is about to launch, and Eliza will autonomously write code.
According to official news, the ai16z team is about to launch version 0.1 of the GitHub adapter and will conduct a POC demonstration on the ai16z Dao repository itself. The agent will use the repository as context through the GitHub adapter to submit to Eliza. From then on, the AI agent will autonomously read and reflect.
ai16z partner Shaw stated that Eliza will autonomously write code, the team only needs to review and organize.
Binance Alpha announces the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT.
Binance Alpha announces the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT.
Binance Alpha announces the second batch of projects: CKP, GEAR, SD, SYRUP, and Fartcoin.
According to official news, Binance Alpha announced the second batch of projects: CKP, GEAR, SD, SYRUP, and Fartcoin.
Kelp DAO announces KERNEL token economics, with 20% of the total token supply allocated for airdrops.
The re-staking project Kelp DAO announced KERNEL token economics on the X platform, with specific token allocation as follows: -55% for community rewards and airdrops: 20% for airdrops; 35% for future community rewards. -5% for ecosystem and partners. -20% for private sale. -20% for team and advisors.
Investment and financing
Plume completes $20 million Series A financing.
Plume, a fully modular integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), announced today that it has completed a $20 million Series A financing round. This round was co-invested by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Lightspeed Faction, with participation from Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, and Reciprocal Ventures.
Avara, the developer of Lens, completes a new round of financing of $31 million, led by Lightspeed Faction.
Avara, the developer behind Aave, Lens, and Family, announced the completion of a new round of financing of $31 million, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re 7, and Wintermute Ventures, along with a group of angel investors.
Character * Voice
He Yi: BNB Chain ecosystem projects will be key observation targets for Binance Alpha.
In today's Binance AMA event, Binance co-founder He Yi stated that launching projects on Binance Alpha does not mean they will be launched on the Binance platform in the future; BNB Chain ecosystem projects will be key observation targets for Binance Alpha as the BNB Chain ecosystem currently has high traffic and many hot projects.
Arthur Hayes: The market is expected to crash around January 20, and Maelstrom will reduce positions in advance.
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated at the end of the latest article that before entering the crash phase of the bull market, the cryptocurrency market will experience a painful crash around January 20, 2025, coinciding with Trump's inauguration. Maelstrom (Arthur Hayes's fund) will reduce certain positions in advance and hopes to buy back at a lower price sometime in the first half of 2025.
Arthur Hayes added: 'If the market forcibly breaks through around January 20, we will also acknowledge the misjudgment and will re-enter after licking our wounds.'
Galaxy Research: As trading volume surges, the NFT market is recovering.
Galaxy Research reported on Monday that the NFT market is showing signs of recovery. Following the U.S. election and subsequent rebound in the cryptocurrency market, the NFT market began to recover from November. The report noted that since May, the weekly trading volume of NFTs exceeded $100 million for the first time at the beginning of November, reaching $172 million on December 2; this recovery was primarily driven by increased activity of the top 25 NFT collectibles by market capitalization, with participation from major marketplace platforms like OpenSea, Blur, and Magic Eden also increasing.
MicroStrategy co-founder: A new purchasing plan will be implemented if needed.
Michael Saylor, co-founder of MicroStrategy: A new purchasing plan will be implemented if needed. He declined to comment on whether he would meet with the elected U.S. President Trump. If invited, he would consider serving as a member of the advisory board.
