Altcoin ETFs such as SOL and XRP May Need to Wait Until the End of 2025 for Approval.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
U.S. Court Rules Against Sanctions on Tornado Cash Smart Contracts
The U.S. Fifth Circuit Court of Appeals Overturned the Lower Court's Ruling, Determining That the Office of Foreign Assets Control (OFAC) Overstepped Its Authority in Sanctioning Tornado Cash Immutable Smart Contracts, Marking a Major Victory for the Protocol and Its Users. The Panel of Three Judges Noted in Their Opinion that While the Treasury Has the Authority to Act on 'Property', Tornado Cash's Smart Contracts Are Immutable and Cannot Be Controlled or Owned, Therefore Do Not Constitute Property Under the International Emergency Economic Powers Act (IEEPA).
Coinbase Chief Legal Officer Paul Grewal Stated That These Smart Contracts Must Now Be Removed from the Sanctions List, and U.S. Users Will Be Allowed to Use This Privacy Protection Protocol Again. The Appeals Court Has Directed the Texas District Court to Approve the Partial Summary Judgment Motion Filed by Plaintiffs-Appellants Including Joseph Van Loon.
CZ: Not Trying to End Meme Frenzy, Just Encouraging More Builders
CZ Posted on X Platform Today: 'I Don't Oppose Meme Coins, But Meme Coins Have Become 'A Bit' Strange Now. Let's Use Blockchain Technology to Build Real Applications.'
Some Community Users Have Stated That Even Musk is a Supporter of Meme Coins, Ending This Frenzy is Very Difficult. In Response, CZ Stated: 'I Am Not Trying to End Anything, Everyone Has the Right to Choose What to Invest in or Hold. Just Encouraging More Builders.'
WalletConnect Has Launched the Airdrop Query Page, Users Can Claim and Stake WCT
According to Official News, WalletConnect Airdrop Query Page is Now Online, Eligible Users Can Claim and Stake Their WCT.
Movement Network Foundation Announces MoveDrop Plan, Airdropping 10% of Tokens to the Community
Movement Network Foundation Announced the MoveDrop Airdrop Plan, Aiming to Reward Early Users and Community Members of Movement. MoveDrop Will Allocate 1,000,000,000 $MOVE (10% of Total Supply) to the Community, Eligible Users Include: Road to Parthenon Participants, Battle of Olympus Winners, Gmovers, Designated Communities, Movement Testnet Builders.
Users Can Access the MoveDrop Website and Register, Deadline is December 2, 2024, 14:00 UTC. After TGE (Coming Soon), You Can Check MoveDrop Eligibility and Claim Airdrop. Failure to Register on Time Will Result in Loss of MoveDrop Claim Eligibility.
Users Can Choose to Claim $MOVE on the Ethereum Mainnet or Wait Until the Movement Network Mainnet Launches (Coming Soon) to Claim $MOVE, Which Will Generate a 1.25x Reward Multiplier. The Movement Network Foundation Also Stated Plans to Distribute More $MOVE Tokens in Future Events.
Binance Will Delist GFT, IRIS, KEY, OAX, REN
According to Official Announcement, Binance Will Delist GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, REN/USDT Trading Pairs on December 10, 2024.
In Addition, Binance Futures Will Close All Positions and Automatically Settle KEYUSDT and RENUSDT USDⓈ-M Perpetual Contracts on 2024-12-03 09:00 (UTC). After Settlement is Completed, the Contracts Will Be Delisted.
Binance HODLer Airdrop Launches Second Phase Project Thena (THE)
According to Official Announcement, Binance HODLer Airdrop has Now Launched the Second Phase Project Thena (THE). From November 6, 2024, 08:00 to November 14, 2024, 07:59 (UTC+8), Users Who Purchase Regular and/or Current Products on the Earning Platform Using BNB Will Receive Airdrop Allocations. The THE HODLer Airdrop Page is Expected to Go Live Within Twelve Hours, and the New Tokens Will Be Distributed to Users' Spot Wallets One Hour Before Trading Begins.
Binance Will List Thena (THE) on November 27, 2024, at 18:00 (UTC+8) and Open THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY Trading Pairs. Applicable Seed Label Trading Rules.
Bubblemaps: Internet Celebrity Squirrel Peanut's New Token JUSTICE Supply Highly Centralized, 80% Suspected to be Controlled by Internal Team
According to Bubblemaps Monitoring, the New Token JUSTICE Issued by Internet Celebrity Squirrel Peanut's Owner Mark Longo Has Issues with Highly Centralized Supply, Approximately 80% of Tokens Suspected to be Controlled by Internal Team. Data Shows that Before Mark Officially Announced the Token Issuance, Several Addresses Had Already Engaged in Collaborative Actions to Hoard Token Supply.
All Funds of the First 45 Holders of the JUSTICE Token Come from Protocol or Centralized Exchange Hot Wallets, All Received Funds Within the Same Three-Hour Window on November 24, 2024 (16:40:20 to 19:39:47). This Abnormal Fund Flow Pattern Indicates That These Wallets May Be Controlled by the Same Individual or Small Group.
Kelp DAO Launches High Growth Vault Function to Help Users Obtain Richer Returns Under Safe Premises
Multi-chain Liquid Staking Platform Kelp DAO Announces Launch of High Growth Vault Function Supported by Gain, Users Deposit ETH, rsETH, ETHx, stETH Assets to Obtain hgETH Tokens.
In Terms of Security, High Growth Vault Has Received Support from Leading Partners Such as UltraYield and Upshift and Provides Professional Risk Management, Aiming to Maximize Returns Under the Important Premise of Capital Safety.
In Terms of Yield Strategy, High Growth Vault Aims to Achieve a 20% Return Rate and Has Established Collaborations with Protocols Such as Aave, Compound, Morpho, Usual, and Elixir, and Will Soon Integrate with Platforms Such as Pendle and Balancer. Through Intelligent Yield Strategies, hgETH Tokens Can Be Efficiently Deployed in DeFi Protocols to Help Users More Easily Obtain Higher Returns.
Bloomberg Analyst: SOL, XRP and Other Altcoin ETFs May Have to Wait Until the End of 2025 for Approval
According to Coingape Reports, Bloomberg ETF Analyst James Seyffart's Latest Report Indicates that Approval Decisions for Altcoin ETFs such as SOL, XRP, LTC, and HBAR May Extend to the End of 2025. Unlike the Approved Bitcoin and Ethereum ETFs, These Altcoins Lack Support from Regulated Futures Markets by CME.
Although WisdomTree and 21Shares Have Submitted XRP ETF Applications, Current Regulations Still Do Not Allow Listings Until Market Manipulation, Custody, and Other Compliance Issues Are Resolved. Seyffart Also Stated That the New SEC Leadership in 2025 May Be More Friendly Toward Cryptocurrencies, Potentially Allowing ETF Products to Incorporate Staking Features.
Phantom Announces New Support for Base Network
Crypto Wallet Phantom Announces Official Support for Coinbase's Ethereum Layer 2 Network Base. This Integration Has Completed Beta Testing and is Now Open to All Users. Users Can Now Use Phantom Wallet to Purchase Ether and USDC on Base and Support Token Swaps Between Base, Ethereum, Solana, and Polygon.
DeFi Technologies Subsidiary Valour Launches the First Dogecoin ETP in the Nordic Region
DeFi Technologies Subsidiary Valour Launches Exchange-Traded Product Valour Dogecoin (DOGE) ETP on the Swedish Stock Market Spotlight Stock Market, the First Dogecoin ETP Launched in the Nordic Region.
Market Dynamics
Recommended Reading
aixbt Market Cap Nearly 100 Million, Bug Unexpectedly Goes Viral... Why Do AI Agents on Base Chain Continue to Be a New Trend?
This Article Mainly Discusses the AI Agent Concept Coin Craze on the Base Chain, Analyzing Several AI-related Projects Such as aixbt, bug, ANON, etc., Focusing on Their Characteristics, Market Reactions, and Development Trends. The Article Also Explores Why the AI Craze Has Shifted from Solana to the Base Chain and the Reasons Why the Base Ecosystem Has Become the Focus.
Unveiling Solana Foundation Marketing Memo: The Perfect Victory of Internet Capital and F.A.T. Principles
The Solana Foundation is Promoting Ecosystem Development in All Aspects, Aiming to Build an Internet-native Capital Market, with Focus on:
Encouraging Determined Founders, Providing Infrastructure Support to Help Startups Rapidly Develop.
Emphasizing the Construction of Applications, Making It the Focus of the Entire Ecosystem, Application Revenue Growth Is Rapid.
Vigorously Promoting Asset Tokenization, Accelerating the Issuance of Physical and Digital Assets on Solana.
In-depth Analysis of MicroStrategy's Opportunities and Risks: Davis Double-Edged Sword.
MicroStrategy's Business Model Will Significantly Increase Bitcoin Price Volatility, Acting as a Magnifier of Fluctuations. Its High Premium Model is Built on the Continuous Rise of Bitcoin, Once Bitcoin Enters a Volatile or Downward Phase, It is Likely to Fall into the 'Davis Double Kill' Dilemma, and Stock Prices Will Rapidly Contract. Additionally, Hedge Funds Behind Convertible Bonds Might Also Intensify MSTR Stock Price Declines Through Dynamic Hedging. Overall, Although MicroStrategy's Business Model Appears Highly Profitable in the Short Term, It Also Presents Significant Risks to the Entire Cryptocurrency Market.
Founders of Top Projects such as ai16z, Virtuals, MyShell Engage in Deep Dialogue: Discussing the Future Landscape of AI Agent Development, Token Economics, and Human-Machine Collaboration
This Article Reports on the Hot Dynamics and Future Trends in the Fields of Cryptocurrency and AI Agents. Main Content Includes:
Founders of Top Projects such as ai16z, Virtuals, MyShell Engaged in Deep Dialogue, Discussing Their Project Situations and Development Directions, Including Advancements in Agency Technology, Token Economics, Human-Machine Collaboration, etc.
Analyzed Current Hot Trends and Innovative Cases of Crypto Agents, Such as the Agency Craze on TikTok, Cooperation Among Agents, etc. Discussed Cutting-edge Issues Such as Agent Autonomy and Conscious Awakening.
Discussed the Development of Agency Platforms and Infrastructure, Including Decentralized Reasoning, Modular Architecture, and Agency Incentive Mechanisms. Also Analyzed the Current Advantages and Disadvantages of Centralized Models vs. Decentralized Training.
clanker, the 'Viral Meme Maker' on Base
clanker is an AI agent Created by Farcaster's Developers, Capable of Automating Token Deployment on the Base Network, and Has Become a 'Viral Meme' Maker in the Base Ecosystem. Tokens Developed by clanker, Such as LUM and ANON, Have Quickly Gone Viral with a Market Cap Exceeding Ten Million Dollars, Attracting Broad Attention Including Ethereum Founder Vitalik.
