Today's news reminder:
Pudgy Penguins: The PENGU token will be available for claim at 9:00 PM on December 17.
69.3 million XRP transferred to Binance half an hour ago, valued at approximately $176 million.
Pre-market trading of Hyperliquid (HYPE) briefly surpassed $30 on OKX.
Coinbase will launch Parcl (PRCL) trading at 1:00 AM on December 18.
Story Protocol has officially released the Agent TCP/IP white paper.
Trump plans to establish a Bitcoin reserve using the $200 billion foreign exchange stabilization fund of the U.S. Treasury.
Nigeria cracks down on cryptocurrency fraud, with nearly 800 arrests.
FTX announcement: The court-approved Chapter 11 restructuring plan will take effect on January 3, 2025.
Regulatory news
21Shares XRP Trust has been registered in Delaware, USA.
According to Phoenix News, 21Shares XRP Trust has been registered in Delaware, USA, under the name '21Shares XRP Trust.' This entity was established on June 3, 2024, is a statutory trust, and the registered agent is CSC Delaware Trust Company, located in Wilmington, Delaware. It was previously reported that 21Shares submitted an S-1 application to launch the first XRP ETF '21Shares Core XRP Trust.'
Hong Kong commits to implementing a cryptocurrency asset declaration framework, aiming to complete legislative amendments by 2026 or earlier.
The Hong Kong government recently announced that it has committed to implementing a cryptocurrency asset declaration framework (declaration framework) to enhance international tax transparency and combat cross-border tax evasion activities. Hong Kong has pledged to implement the declaration framework with suitable partners on a reciprocal basis, with those partners meeting standards for safeguarding data confidentiality and security. Considering the latest timeline established by the global forum, the government initially plans to complete the necessary local legislative amendments by 2026 or earlier, and begin automatic data exchange with relevant tax jurisdictions under the declaration framework in 2028. The OECD announced the declaration framework in June 2023 to ensure global tax transparency. As an extension of the current 'automatic exchange of financial account information for tax matters' common reporting standard, the declaration framework outlines a similar mechanism to allow users or controllers of cryptocurrency assets to automatically exchange tax information related to cryptocurrency accounts and transactions with their tax jurisdictions annually. To ensure fair and effective global implementation of the declaration framework, the global forum has invited all relevant cryptocurrency industry stakeholders and tax jurisdictions identified as directly related to the declaration framework (including Hong Kong) to implement the declaration framework.
Metaplanet announces the issuance of 4.5 billion yen in ordinary bonds, with funds intended to accelerate the purchase of Bitcoin.
Japanese listed company Metaplanet Inc. announced the issuance of its fourth series of ordinary bonds, totaling 4.5 billion yen (approximately $30 million), with the raised funds intended to accelerate the purchase of Bitcoin. The bond has a zero annual interest rate and is expected to mature on June 16, 2025. The redemption funds for the bonds will primarily be paid through the exercise of previously issued warrants. Additionally, Metaplanet plans to further expand its capital operation capabilities through multiple issuances of private placement bonds, totaling up to 5 billion yen.
Trump plans to establish a Bitcoin reserve using the $200 billion foreign exchange stabilization fund of the U.S. Treasury.
According to Cryptoslate, elected U.S. President Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order, intending to use the Treasury's Exchange Stabilization Fund (ESF) to purchase Bitcoin. The ESF is typically used to address financial crises, with total assets exceeding $200 billion as of October 2024. If implemented, this plan would position the U.S. at the forefront of the global Bitcoin reserve race. Additionally, several U.S. states, including Pennsylvania and Texas, are beginning to push for Bitcoin reserve legislation. Countries such as Brazil, Poland, and Japan are also discussing proposals to establish national Bitcoin reserves.
Nigeria cracks down on cryptocurrency fraud, with nearly 800 arrests.
According to Reuters, Nigeria's anti-corruption agency conducted a raid on a seven-story building in Lagos, arresting 792 suspects allegedly involved in cryptocurrency and romance scams, including 148 Chinese nationals and 40 Filipinos. The building was used as a call center primarily targeting victims in the Americas and Europe, conducting online deception through social media and communication platforms, disguised as false cryptocurrency investment projects for fraud. Law enforcement seized computers, phones, and vehicles on-site, and the case may involve transnational organized crime, with investigations still ongoing.
The U.S. SEC has issued a Wells notice to cryptocurrency investment company Unicoin.
According to Fortune, the U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to cryptocurrency investment company Unicoin, accusing it of fraud, misconduct, and the sale of unregistered securities. Unicoin's main product is a cryptocurrency backed by physical assets such as real estate. The SEC's action aims to halt its planned initial coin offering (ICO). Unicoin stated it will contest the SEC's claims legally.
FTX announcement: The court-approved Chapter 11 restructuring plan will take effect on January 3, 2025.
According to FTX's announcement, its court-approved Chapter 11 restructuring plan will take effect on January 3, 2025, setting the record date for the first distribution. The first distribution is expected to be completed within 60 days after the effective date and applies to approved claims in the convenience category. FTX has partnered with BitGo and Kraken to assist in distributing recovery funds to customers and creditors. Distribution requirements include completing KYC verification, submitting tax forms, and connecting with designated service providers. FTX warns users to be vigilant against phishing emails and scam websites and will announce distribution dates for other claim categories in the future.
The NFT project CyberKongz stated that it received a Wells notice from the U.S. SEC.
According to an official announcement from CyberKongz, its team has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). The NFT project CyberKongz stated that it has suffered from unfair accusations and misinformation from the SEC over the past two years, particularly in the understanding of blockchain technology. The SEC believes that combining ERC-20 tokens with blockchain games requires registration as securities, a position that could have far-reaching implications for the entire Web3 gaming industry. Additionally, the SEC raised objections to the Genesis Kongz contract migration from April 2021, mistakenly viewing it as an initial sale. CyberKongz stated that it will firmly fight for a clearer regulatory path for NFT projects and the Web3 industry, calling on the community to work together to promote industry development.
Project dynamics
Binance will launch PENGU/USDT perpetual contracts on December 18, with a maximum leverage of 75 times.
Binance's wealth management, one-click coin purchases, swap trading platform, leverage, dollar-cost averaging platform, and Binance contracts will launch Simon's Cat (1000CAT) and Pudgy Penguins (PENGU). Among them: the PENGU/USDT perpetual contract will be launched at 0:15 on December 18, with a maximum leverage of 75 times.
Nirvana Finance V2 will launch on December 18, completing compensation and introducing new mechanisms.
The algorithmic stablecoin protocol Nirvana Finance announces that its V2 version will officially open to the public at 2:00 AM Beijing time on December 18 (UTC time December 17 at 6:00 PM). This restart not only completes full compensation for victims' funds from the 2022 hacking incident but also introduces a brand new security, governance, and token economic model. Furthermore, Nirvana V2 introduces a Market Driven Minting (MDM) framework that ensures the token ANA has upward potential and limited downside risk through a reserve-supported price floor mechanism. The protocol also plans to gradually expand to assets like BTC and SOL. Previously, it was reported that Nirvana Finance's hacker pleaded guilty, agreeing to forfeit illegal gains and compensate victims $5 million.
Kontos announces KOS token economics: 5% for airdrops.
The blockchain infrastructure project Kontos Protocol, developed by Zecrey Labs, announced its token economic model, with a total supply of 1 billion $KOS tokens. Of these, 13.937% will be released during the token generation event (TGE), approximately 139.37 million $KOS, 53.63% will be used for ecological community mining, and 5% for airdrops. It is reported that Kontos's development team, Zecrey Labs, has received investment support from top institutions such as Binance Labs, Spartan Group, Shima Capital, and Fenbushi Capital. Previously, Kontos completed a significant V2 upgrade, greatly enhancing the on-chain trading experience.
Pudgy Penguins: Approximately 7 million external wallet addresses also qualify for PENGU token claims.
Pudgy Penguins officials announced in the Discord community that approximately 7 million external wallet addresses also qualify for PENGU token claims, covering multiple protocol users and community members. Users can verify eligibility through the official claiming website, with the claim deadline set for March 15, 2025. More eligible protocols and community lists will be disclosed gradually as user verification progresses.
Approximately 70% of PENGU tokens will be immediately circulated after launch, with nearly half allocated to community airdrops.
According to a Binance Research report, as of December 16, 2024, the total supply and maximum supply of the PENGU token are both 88,888,888,888 tokens, with a circulation of 62,415,951,646 tokens (including HODLer airdrop rewards) after the launch, accounting for 70.22% of the maximum supply. Among them, the HODLer airdrop distribution amount is 2,666,666,666.64 tokens, accounting for 3% of the maximum supply. In terms of token distribution, 47.87% is allocated for community airdrops, 29.78% for the team, 12.35% for liquidity, 4% for public goods, and 3% for promotion and marketing.
Story Protocol has officially released the Agent TCP/IP white paper.
Layer1 Intellectual Property Blockchain Story Protocol announces the launch of Agent TCP/IP, with the white paper officially released. This is an experimental framework that allows for intellectual property (IP) transactions between intelligent agents, covering training data, creative styles, investment strategies, etc., aimed at ushering in a new era of the 'smart economy.' The framework will integrate with platforms such as Eliza from ai16zdao, ZerePy from 0xzerebro, GOAT from Crossmint, and GAME from Virtuals to ensure seamless IP transactions between intelligent agents. Additionally, Story Protocol states that Agent TCP/IP was born from a week of concentrated development at the Story AI Agent Lab, combining multiple research findings and feedback. The official announcement also states that an experimental demonstration will be launched tomorrow, showcasing how agent personality ('DNA') participates in IP interactions. Relevant code is now available in Eliza's Github repository, with plans for future support of more framework integrations.
SolTradingBot statement: The rumors about the wallet being hacked are false and lack any supporting evidence.
According to an official statement from SolTradingBot, recent rumors about its wallet being hacked are false and lack any supporting evidence. The official stated that these accusations aim to create panic and damage its reputation, and SolTradingBot will continue to focus on providing safe and reliable services to users. The official reminds users to remain vigilant and only trust information released through official channels.
Pudgy Penguins: The PENGU token will be available for claim at 9:00 PM on December 17.
Pudgy Penguins CEO Luca Netz announced an ecosystem update stating that the PENGU token will be available for claim at 9:00 PM Beijing time on December 17. Holders of Pudgy Penguins, Lil Pudgys, Rogs, and SBTs can participate, with a claim period of 88 days, after which unclaimed tokens will be permanently locked and destroyed. To ensure a smooth claim process, users should note the following: 1) The Solana wallet balance must retain at least $10 SOL for gas fees; 2) It is recommended to complete the claim operation on a desktop device; 3) Pudgy Toys and Pudgy World will support PENGU distribution through the Abstract Chain and LayerZero cross-chain bridge, with relevant details expected to be announced in January 2024.
Grayscale Horizen Trust has opened to qualified accredited investors.
According to Grayscale's official news, Horizen ($ZEN) has completed its last block reward halving, marking a significant transformation in the project's token economic model. The new model will no longer conduct halvings but will adopt a gradually decreasing token issuance rate. Meanwhile, Grayscale Horizen Trust provides accredited investors with an investment channel for $ZEN without the need to directly purchase or store tokens.
Avalanche: The Avalanche 9000 upgrade has been launched on the mainnet.
According to The Block, Avalanche announced the launch of the Avalanche 9000 upgrade, significantly reducing the cost of deploying 'subnet' blockchains and running smart contracts, while optimizing the verification model and reducing the base fees of the C chain (from 25 nAVAX to 1 nAVAX). This upgrade supports chain-independent operation through the 'Etna' module, significantly reducing project startup costs and meeting various regulatory requirements. The Avalanche Foundation previously raised $250 million to support upgrade deployment, and hundreds of first-tier blockchains are expected to go live in the coming months.
Coinbase will launch Parcl (PRCL) trading at 1:00 AM on December 18.
According to Coinbase's announcement, Coinbase will support Parcl (PRCL) tokens (SPL tokens) on the Solana network. Users should avoid transferring through other networks, as funds may be lost. The transfer function for this asset is now open in regions supported by Coinbase and Coinbase Exchange. The PRCL-USD trading pair is scheduled to start trading at 1:00 AM Beijing time on December 18, 2024 (PT time December 17 at 9:00 AM), provided liquidity conditions are met. Trading will start in phases, and some supported regions may have restrictions on PRCL trading.
Important data
Aevo pre-market trading shows PENGU priced at $0.04358, rising 10.45% in 24 hours.
According to pre-market data from Aevo, the Pudgy Penguins token PENGU is currently priced at $0.04358, up 10.45% in 24 hours. Earlier today, it was reported that Binance will launch PENGU/USDT perpetual contracts on December 18, with a maximum leverage of 75 times.
Pre-market trading of Hyperliquid (HYPE) briefly surpassed $30 on OKX.
According to pre-market data from OKX, the Hyperliquid token HYPE briefly surpassed $30, rising 4.09% in 24 hours, currently quoted at $29.5.
69.3 million XRP transferred to Binance half an hour ago, valued at approximately $176 million.
According to Whale Alert monitoring, 69.3 million XRP (approximately $176 million) transferred from an unknown wallet to Binance at 15:28:51 Beijing time.
Bitcoin spot ETF saw a net inflow of $637 million yesterday, marking the 13th consecutive day of inflows.
According to SoSoValue data, as of December 16, 2024, Bitcoin spot ETFs saw a total net inflow of $637 million yesterday, marking 13 consecutive days of net inflows. Among them, BlackRock's ETF IBIT had a net inflow of $418 million in a single day, with a historical total net inflow of $36.301 billion; Fidelity's ETF FBTC had a net inflow of $116 million in a single day, with a historical total net inflow of $12.431 billion; Grayscale's ETF GBTC had a net inflow of $17.648 million in a single day, while the Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $6.5702 million. As of the time of writing, the total net asset value of Bitcoin spot ETFs reached $120.712 billion, accounting for 5.76% of the total Bitcoin market capitalization, with a historical cumulative net inflow of $36.239 billion.
Mt. Gox address transferred 1,619.57 BTC 20 minutes ago, valued at approximately $172.54 million.
According to Onchain Lens, 20 minutes ago, Mt. Gox transferred 1,619.57 BTC to two new wallet addresses, valued at approximately $172.54 million.
The founder of Curve purchased 1.08 million CRV in the past 3 hours.
According to Spot On Chain monitoring, Curve founder Michael Egorov purchased 1.08 million $CRV (approximately $1.2 million) at an average price of $1.114 in the past 3 hours. This is his first large-scale $CRV repurchase since the liquidation event on June 13. Currently, the price of $CRV has dropped about 7.8% in the past 24 hours.
An address transferred 4,994,000 UNI to Coinbase Prime half an hour ago.
According to Ember monitoring, an address related to the Uniswap team/investors/advisors transferred 4,994,000 $UNI (approximately $80.25 million) to Coinbase Prime half an hour ago. This address obtained 9 million $UNI during the Uniswap token generation event (TGE) in September 2020, marking its first token transfer. After the transfer, the address still holds 4,006,000 $UNI (approximately $64.29 million).
