Compiled by: Luan Peng, ChainCatcher
Important Information:
Changpeng Zhao: I don’t predict trends, I just try to help as many projects as possible and observe their development
Coinbase International's daily trading volume will grow from $200 million to $12.6 billion in 2024
Deng Chengbo's family's Easy Communication sells 6.8% stake in Hong Kong Virtual Asset Exchange for HK$15 million
Binance to perform wallet maintenance on Ethereum network
Fed's Daly: Cryptocurrency should not be confused with gold and is still far from becoming a "currency"
Cardano founder responds to foundation governance controversy: the foundation has no direct connection with IOHK and Emurgo
Bitget has completed the merger and token swap of BGB and BWB
Musk changed his X platform profile picture and nickname to Kekius Maximus
“What important events have occurred in the past 24 hours?”
Changpeng Zhao: I don’t predict trends, I just try to help as many projects as possible and observe their development
Binance founder Changpeng Zhao (CZ) said on X that he is often asked what the next hot spot in the crypto field is. He admitted that he didn't know, but just tried to help as many projects as possible and observe their development. He emphasized that we don't predict trends, but follow and try to contribute. He also asked the community: "What do you think will be the next hot spot in the crypto field?"
Coinbase International's daily trading volume will grow from $200 million to $12.6 billion in 2024
Coinbase International Station published an article on X to review its growth, innovation and market expansion in 2024. Coinbase International Station's average daily trading volume in 2024 increased from US$200 million to US$12.6 billion, an increase of 6,200%. The nominal trading volume in December exceeded US$380 billion on 30 days. The exchange provides up to 20x leverage trading for 106 perpetual contracts.
Deng Chengbo's family's Easy Communication sells 6.8% stake in Hong Kong Virtual Asset Exchange for HK$15 million
According to an announcement from the Hong Kong Stock Exchange, Easy Communication, a Hong Kong-listed company under the Deng Chengbo family, sold a 6.8% stake in the Hong Kong Virtual Asset Exchange (HKVAX) for HK$15 million. The buyers were Lean Group and businessman Liang Dehui, who purchased approximately 3.8% and 3% of HKVAX's shares for HK$8.4 million and HK$6.6 million respectively.
According to information from the Hong Kong Securities and Futures Commission, HKVAX was issued a virtual asset trading platform license on October 3 this year, allowing it to operate business in Hong Kong or promote its services to Hong Kong investors.
Binance to perform wallet maintenance on Ethereum network
Binance will perform wallet maintenance on the Ethereum network (ETH) at 14:00 (ET) on January 2, 2025. To support this maintenance, Binance will suspend deposits and withdrawals on the Ethereum network (ETH) at 13:55 (ET) on January 2, 2025. The maintenance is expected to take 1 hour, and deposits and withdrawals will be automatically resumed after the maintenance is completed.
Fed's Daly: Cryptocurrency should not be confused with gold and is still far from becoming a "currency"
According to Jinshi, Mary Daly, president of the Federal Reserve Bank of San Francisco, believes that cryptocurrencies should be viewed as an independent asset class rather than being lumped in with gold as is often the case.
“I think cryptocurrency is a complex thing and the service we need to provide to everyone is to really unpack what it means and once we do that, we can define it,” Daly said. “It can be a currency, it can be a medium of exchange, it can be a stock, an asset that holds value or sometimes loses value. We just have to define those terms.”
“So I don’t think it’s like gold, it has gold-like properties at times, but I don’t think it’s a gold-like asset,” Daly added.
Cardano founder responds to foundation governance controversy: the foundation has no direct connection with IOHK and Emurgo
Cardano founder Charles Hoskinson responded to the controversy over the governance structure of the Cardano Foundation (CF), emphasizing the importance of decentralization and community supervision. The controversy originated from Rick McCracken, a well-known figure in the Cardano community, questioning the leadership and transparency of the foundation, believing that there was a lack of effective community supervision.
Charles Hoskinson pointed out that the Foundation is not directly associated with IOHK and Emurgo. The use of the Cardano Foundation’s $600 million ADA treasury is not directly on behalf of the community. In his opinion, the Foundation’s lack of enthusiasm for funding projects such as Catalyst could hinder the development of the ecosystem. This approach could lead to future problems with the sustainability of the ecosystem, especially considering that major contributors like IOHK work without proper incentives.
Charles Hoskinson responded to McCracken’s statement by calling the comments “distasteful” and “disappointing.” He noted that IOHK did have some issues, such as the need to lay off employees during the bear market, but remained focused on the ecosystem.
Bitget has completed the merger and token swap of BGB and BWB
According to official news, Bitget has completed the merger and token swap of Bitget Wallet Token (BWB) and Bitget Token (BGB). The distribution ratio of BGB is 1 BWB = 0.08563 BGB.
The merged BGB will become the only ecological token of Bitget Exchange and Bitget Wallet, and will expand more usage scenarios such as on-chain applications to further enhance the ecological synergy and user experience.
Musk changed his X platform profile picture and nickname to Kekius Maximus
Musk changed the X-platform avatar and nickname to Kekius Maximus.
According to Coingecko data, PEPE is currently trading at $0.00001848, up 2.3% in 24 hours. Kekius Maximus token (KEKIUS) has increased 107.0% in 24 hours and is currently trading at $0.029.
Jordan approves 2025 blockchain technology policy to enhance government services, transparency and digital security
Jordan’s Council of Ministers has approved Jordan’s Blockchain Technology Policy 2025, which aims to enhance government services, transparency, and digital security.
The policy’s main objectives include increasing confidence in government performance and achieving complete security and privacy of citizen data. It also aims to reduce the time and costs associated with government transactions, as well as support start-ups, build capacity and develop expertise in blockchain technology.
The policy is in line with Jordan's vision of economic modernization, which aims to achieve excellence in the service sector, support national development and increase service exports. By leveraging blockchain technology, Jordan seeks to increase citizen confidence in government services, improve transparency, combat fraud and reduce operating costs.
Binance Labs Outlook 2025: Focus on encryption, AI and biotechnology, optimistic about DeSci, RWA/stablecoin and AI agent tracks
Binance Labs said in a social media post that as the transition to 2025, the Year of the Wood Snake, Binance Labs expects the crypto industry to enter a dynamic phase. The wood element symbolizes growth and creativity, heralding a mature year for innovation and development. The incoming Trump administration's pro-cryptocurrency stance is expected to create a more favorable regulatory environment.
This shift could bolster institutional interest and investment in the crypto space, helping the industry mature and build on solid foundations. Binance Labs’ main areas of focus for 2025 are crypto/blockchain, AI, and biotech, and we’re excited to see innovation emerge at the intersection of these three areas.
We expect that underperforming sectors such as gaming, ZK-tech, and privacy solutions may make a comeback as they transition from development to production, supporting new use cases. Additionally, existing narratives such as DeSci, RWA/stablecoins, and AI agents should continue to perform well with strong momentum.
Binance Labs: About to change its name, investing in 46 projects this year
According to official news, Binance Labs officials posted on social media that it is "about to change its name" when looking forward to 2025, but it is still focused on fundamentals and aims to have a long-term impact. Entering 2025 and beyond, the agency will continue to support founders who have a common long-term vision for construction.
In addition, it said it invested in 46 projects this year, 14 of which came from the BNB chain-centric MVB program or the chain-independent lab incubation program, and 32 from direct investment. The distribution ratio between infrastructure and application transactions is 50:50. Of the 46 transactions, 10 belong to DeFi, 7 to AI, 7 to the BTC ecosystem, 4 to Restake, 3 to games, 2 to ZK, 2 to RWA, and 2 to consumer applications. The remaining investments cover infrastructure (from security to wallets and chain abstraction) and emerging areas such as Move. About 20% of the investment comes from BNB ecosystem projects (its MVB program).
Zhao Changpeng forwarded the view that "optimistic about the performance of altcoins in Q1 2025, BNB's minimum target price is $1,314"
Binance founder Changpeng Zhao retweeted Errands Gotham's views, saying that Q1 2025 will be the most promising period for altcoins in the past 36 months, with a pattern similar to 2021 and 2017.
Errands Gotham predicts that the BNB chain will perform like Ethereum in 2021 in Q1 2025, with a minimum target price of $1,314 and a maximum target price of $1,986.
Galaxy Ventures partner: Stablecoins will still be a key focus area in 2025, not optimistic about the metaverse
According to The Block, Galaxy Ventures remains optimistic about the growth potential of stablecoins and tokenization in 2025. Will Nuelle, general partner of the company, said that stablecoins (especially in the payment field) continue to show strong product-market fit and remain a key focus area for capital deployment.
Although tokenization still lags behind stablecoin adoption, Nuelle believes it has great potential. Galaxy Ventures plans to further explore these opportunities. However, Nuelle is less optimistic about Metaverse-related projects, predicting that funding will lag in 2025 due to the lack of clear signs of adoption.
Blockchain Capital partner: Crypto market financing will rise in 2025, but will not return to the historical highs of 2021-2022
According to The Block, Kinjal Shah, general partner of Blockchain Capital, expects that the scale of crypto market financing will rise in 2025 as the market strengthens, but will not return to the historical highs of 2021-2022 affected by the macro economy. The company will continue to seize market opportunities, focusing on areas such as stablecoin infrastructure, innovative distribution models, and DeFi platforms that connect institutions and retail users.
Multicoin co-founder: Will continue to bet on Solana ecosystem in 2025, Ethereum may fall into a long-term decline
According to The Block, Kyle Samani, co-founder and managing partner of Multicoin Capital, said in an interview with The Block that Multicoin Capital is actively expanding its investment in DeFi applications, especially in the Solana ecosystem, which has outperformed Ethereum and the second-layer ecosystem in key on-chain indicators this year. "We expect this trend to continue, and as more users, capital, issuance, and activities migrate to the Solana ecosystem, applications and protocols based on Solana will become big winners in the next cycle."
Samani also noted that Ethereum will face ongoing challenges and could “even fall into a long-term decline” as it faces stiff competition from Solana and other faster, cheaper blockchains. “Unless Ethereum can improve its competitiveness, developers, users, and capital will turn to other chains that better meet their needs,” he added.
In addition, Multicoin is optimistic about stablecoins, which Samani sees as "probably one of the greatest technological and financial innovations in our lifetime." He said: "Stablecoins have the opportunity to become giants in 2025. Everyone in the world craves dollars, and stablecoins are the most efficient way to get dollars. The design space is vast, and we are still in the early stages of the adoption curve."
"What are the interesting articles worth reading in the past 24 hours?"
The market value is close to 2 billion US dollars after 2 months of launch. What AI Agent projects is ai16z involved in?
As of December 31, the market value of ai16z has approached the $2 billion mark, with an increase of more than 40% in the past 24 hours. It is worth noting that since the launch of the ai16z token on October 26, it has grown rapidly into a project with a market value of nearly $2 billion in less than two months, and its market popularity remains unabated and continues to rise.
As the "first AI-driven investment decentralized autonomous organization (DAO)", ai16z is a blockbuster project in the AI Agent wave. Its AI Agent building framework Eliza has successfully supported the issuance of hundreds of AI Agent projects, including the popular AI Agent coin issuance project aiPool, and has cooperated with Treasure DAO and Loot Realms to develop mini-games such as Smolworl and Eternum.
According to GitHub data on December 31, Eliza, an autonomous agent framework developed by the ai16z team, topped the GitHub December trend list.
With the dual driving forces of "investment + Eliza development framework technology", ai16z has become an AI Agent project incubation and production center. So, as an AI Agent incubation center, what AI Agent projects does ai16z participate in and support?
A review of the major crypto events in 2024: Bitcoin shines, and the crypto market is lurking
2024 is an exciting year for the crypto industry. In this year, cryptocurrencies have entered the mainstream and upgraded, institutionalization, compliance and politicization have become the core narratives, Bitcoin's headline of $100,000 announced the end of the stigma of the crypto market, digital gold is shining, and a new cycle is slowly opening.
But crypto is much more than Bitcoin, and the market is not just about institutions. The shift in the spotlight records the changes of this year. Bitcoin is very active on the stage, but it is not always the protagonist. Every month of this year, the crypto market will usher in new topics and headlines. Technologies, projects, communities, and figures have appeared one after another, running through the ups and downs of 2024, and also writing a rich and colorful footnote for the arrival of 2025.
Looking back on the past year and welcoming the new year, the crypto market still has hidden potential and unlimited future potential.
As 2025 approaches, let’s take a look at how crypto VCs view market performance and potential opportunities
As the New Year's bell is about to ring, the crypto industry has ushered in a new development node. In the past 2024, the market has experienced recovery, innovation and adjustment. The leading projects have continued to consolidate their positions, and emerging tracks have quietly emerged, laying the foundation for the future. In the ups and downs of this year, VC, as a weather vane for the development of the industry, has not only witnessed the changes in the market, but also shaped the direction of the industry at the intersection of capital, community and technology.
Standing at the starting point of 2025, PANews invited more than a dozen top VCs to share their observations and thoughts on the crypto industry. They reviewed the highlights of the past year, analyzed the opportunities and challenges of the current market, and made predictions on future development trends. In this rapidly changing field, which projects and tracks are becoming the focus of VCs? Let us walk into the perspective of VCs and explore the "yesterday, today and tomorrow" of the crypto industry.
How to seize opportunities as early as possible in the AI Agent cycle?
What are the criteria for selecting an agent? What narrative and practicality are currently the most important aspects for CT?
The flow of ETF funds may indicate the future scenario. Is ETH finally going to take over BTC?
On December 29, Eugene Ng Ah Sio, a highly influential trader in the cryptocurrency community, released his outlook and expectations for the first quarter of 2025 on X, predicting that ETH will become the best performing mainstream token in the next quarter.
Eugene first mentioned three reasons for being bullish on ETH: technical trends; Trump’s favor (especially WLF’s massive purchase of the Ethereum ecosystem); and the development of the Base ecosystem. He then wrote another article emphasizing that since Trump’s election, the inflow of funds into the Ethereum spot ETF has undergone a 180-degree turn.
Meme Hot List
According to the Meme token tracking and analysis platform GMGN market data, as of 19:30 on December 31:
The top five popular Ethereum tokens in the past 24 hours are: KEKIUS, RAI, SEN, ULTPEPU, MYSTERY
The top five Solana popular tokens in the past 24 hours are: PLAY, SHIKOKU, CLKEKIUS, Y2K25, GATE
The top five Base popular tokens in the past 24 hours are: VIRTUAL, KS11, SHAKE, AGO, Stonks
