Yesterday, Mike Dudas, co-founder of TheBlock, revealed on social media that OpenSea has registered a foundation in the Cayman Islands. An anonymous researcher from the Azuki NFT series, Waleswoosh, also posted screenshots of OpenSea's registration in the Cayman Islands. Generally, Web3 projects register foundations in preparation for token issuance, which has sparked speculation about an upcoming token and user airdrops. On November 4, Devin Finzer, co-founder and CEO of OpenSea, announced that the NFT marketplace is planning a comeback. Although Finzer revealed few details, he promised that the revamped OpenSea will launch in December. Matter Labs' community manager, 'Golem', expressed hope that OpenSea would reward its early users and stated that OpenSea has a chance to reverse its current competitive disadvantage in the NFT market. Community users generally speculate that OpenSea may follow the practices of competitors like Blur and Magic Eden by issuing tokens to incentivize users. OpenSea is trying to win back users from competitors and announced zero trading fees on February 18 this year, attempting to reclaim lost ground taken by Blur and Magic Eden.

Translation: Plain Language Blockchain

Ethena (ENA), as a rising star in the decentralized finance (DeFi) space, leverages blockchain technology to provide innovative financial solutions. The platform aims to enhance the functionality and scalability of financial transactions without relying on traditional banking systems. One of Ethena's core products is USDe, a synthetic dollar that provides stability to the digital financial ecosystem and facilitates integration.



1) Features of USDe

USDe is pegged 1:1 to the US dollar, aiming to maintain value stability in the volatile crypto market. This pegging mechanism is particularly important for users who need a reliable medium of exchange or stable value storage, effectively hedging against common price volatility risks in the cryptocurrency market.

1. Bankless Co-founder: Ethereum may become a reserve asset.

2. Today's Fear and Greed Index rises to 83, still rated as Extreme Greed.

3. Trump's crypto project WLFI purchases over 500,000 ENA.

4. BlackRock's IBIT holding market value exceeds $54 billion.

5. In the past 24 hours, Ethena protocol revenue reached $3.54 million, ranking fourth after pump.fun.

6. Bitwise CEO: AI agents need cryptocurrency systems and use stablecoins and Bitcoin for transactions.

7. Megan Leonhardt: The Federal Reserve may hint at pausing rate cuts in early 2025.

8. DEXX: The platform's latest version now opens the compensation portal.

Analyst Megan Leonhardt stated that although there was no progress in curbing inflation in November, federal funds futures indicate that the likelihood of Federal Reserve policymakers lowering the benchmark interest rate by another 25 basis points is nearly 100%. The justification for a rate cut may depend on the Fed officials' desire to align the benchmark rate with the current economic conditions, as inflation has significantly decreased from its peak in 2022, and the previously tight labor market is normalizing. However, if next week's rate cut is accompanied by Powell's forward guidance suggesting that the Fed will seek to pause rate cuts at the beginning of the year, do not be surprised. The Fed not only needs to control inflation in its final stages, but many fiscal policy outcomes over the next year could alter the direction of inflation. Additionally, there are indeed some areas of weakness in the labor market that warrant close observation. All of this presents directional challenges for the Fed in the coming months, and policymakers may be cautious about taking action at a startling pace. (Jin Shi)

On December 14, Ethereum co-founder Vitalik Buterin posted on social media stating, "DeepFunding combines two concepts: · Value Mapping: Instead of asking 'How much does X contribute to humanity?', it is better to ask 'How much of Y's credit belongs to X?' · Refining Human Judgment: An open AI market provides all weight distribution suggestions, while a human jury conducts validation through random sampling. The first concept (Value Mapping) has gradually become a popular paradigm in recent years, and the reasons are quite substantial. It is very difficult to abstractly measure contributions: if you ask people how much they are willing to pay to save N birds, they will answer $80 when N=2000 and also $80 when N=200000. However, questions that are more 'local' such as 'Which is more valuable for C, A or B?' are easier to handle. The second concept (Refining Human Judgment) is based on some ideas from my information finance article: the condensation of human judgment in information finance. Anyone can use any method (such as AI) to suggest weights for all edges of the graph, which will then be analyzed in detail by a human jury on a random sample of edges. Ultimately, the submission that is most compatible with the jury's answers will determine the final output result."

Translation: Plain Language Blockchain

Bitcoin's breakthrough of the $100,000 mark last week is undoubtedly a historic milestone. However, as this leading cryptocurrency celebrates its achievement, many altcoins have begun to outperform Bitcoin's performance, heralding the arrival of altcoin season.

Since the beginning of the year, 20 of the top 50 cryptocurrencies by market cap have outperformed Bitcoin's remarkable 124% increase. The rise in altcoin market cap, increased media attention, and the ascent of the altcoin season index further corroborate this trend. Additionally, a recent report from CCData shows that trading volume reached an annual high in November, with open interest also hitting a historical record. These signs indicate that market risk appetite is rising, which typically favors altcoins due to their higher potential for returns.

1. In December, the global active users of cryptocurrency reached 18.7 million, a historic high.

2. Bitcoin futures rose over 1.4% on Friday, with spot Bitcoin marking the longest consecutive weekly rise in over three years.

3. The Bank of Japan is considering postponing interest rate hikes.

4. U.S. Senator Cynthia Lummis: has met with the incoming Treasury Secretary to discuss Bitcoin as a strategic reserve.

5. Japanese lawmakers propose establishing a national Bitcoin reserve.

6. BlackRock's Ethereum ETF holdings surpass 980,000 ETH.

7. Pantera founder: Bitcoin is better than gold, advises the U.S. government to continue increasing its holdings.

8. VanEck predicts BTC will reach $180,000 in 2025, ETH will surpass $6,000, SOL ETF approved, and Ethereum ETF allows staking.