The US government transferred 19,800 BTC to its address, worth about $1.92 billion
According to Arkham data, the US government address transferred 19,799.99 BTC, about US$1.92 billion.
Sonic Labs Mainnet generates first block, token airdrop snapshot completed
Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its mainnet has generated the first block, marking the completion of the "Genesis" phase, and is expected to be officially launched soon. A few days ago, the project also launched an upgraded testnet "Blaze".
In addition, Sonic Labs has completed the S token airdrop distribution snapshot, supports 1:1 exchange with Fantom's FTM tokens, and introduced Sonic Gateway to realize cross-chain bridging function.
Yesterday, GBTC had a net outflow of US$28.1 million and ETHE had a net outflow of US$44.4 million
According to Farside Investors monitoring data, the funding data of the US spot Bitcoin ETF and spot Ethereum ETF yesterday (December 2) are as follows:
Spot Bitcoin ETF: GBTC had a net outflow of US$28.1 million, EZBC had a net inflow of US$5.6 million, BTCW had a net inflow of US$6.9 million, and BTC had a net inflow of US$6.4 million.
Spot Ethereum ETF: ETHE had a net outflow of US$44.4 million, while EZET and ETH had no inflow or outflow of funds.
CryptoQuant CEO: Bitcoin trading volume on Coinbase dropped over the weekend
CryptoQuant CEO Ki Young Ju posted on the This gap has widened significantly over the past two years. Unless this trend reverses, avoid shorting BTC (as it will be liquidated by Michael Saylor and the ETF).
Sources: SpaceX discusses selling insider stake at around $350 billion valuation
Musk's SpaceX is discussing selling insiders' shares at a valuation of about $350 billion, according to people familiar with the matter.
Musk: DOGE's final step is to cut itself off
Vivek Ramaswamy, another head of the Department of Government Efficiency (DOGE) appointed by Trump, posted that most government projects should have clear deadlines. That's why we set one for the Department of Government Efficiency: July 4, 2026. Musk forwarded the post saying that the last step of the Department of Government Efficiency is to eliminate itself. Earlier, Trump said at Mar-a-Lago in Florida that the "Department of Government Efficiency" will release its last report on July 4, 2026. In the view of the United States (Newsweek), although the "Department of Government Efficiency" led by Musk has taken the lead at the moment, its biggest role is to serve the US mid-term elections and give a "big gift package" to the 250th anniversary of the founding of the United States in 2026.
Coinbase integrates Apple Pay into its deposit and withdrawal services
U.S. crypto exchange Coinbase is integrating Apple Pay into its fiat-to-cryptocurrency deposit and withdrawal service, according to developer documentation. The product, called Coinbase Onramp, offers a one-click purchase feature designed to reduce the hassle users have to go through when funding their self-hosted wallets.
Using cryptocurrencies often involves “a lot of friction, which causes users to give up,” Coinbase said in a statement. Formerly known as Coinbase Pay, Onramp is essentially a software development kit (CDK) and a series of APIs that enable programmers to embed fiat-to-crypto conversion functionality into their mobile or web apps and browser extensions.
Nike's NFT entity RTFKT announced that it will gradually shut down operations
Nike's NFT entity RTFKT announced on the X platform that it will gradually shut down operations, and its Web3 services will end at the end of January 2025. It is reported that RTFKT plans to launch an updated website to showcase the pioneering work that defines RTFKT's journey. Before the transition period of this operation closure, RTFKT will launch another innovation in December this year: MNLTH X, which uses BLADE DRoP and is committed to breaking boundaries and integrating the world. Other information about specific collections, websites and services will be communicated through its Discord and official channels.
Bernstein: US Ethereum ETF may soon launch staking income function
A U.S. Ethereum exchange-traded fund (ETF) may soon launch a staking yield feature, according to a Dec. 2 report from Bernstein. “We believe that under the new crypto-friendly [U.S. Securities and Exchange Commission] under Trump 2.0, the ETH staking yield feature is likely to be approved,” Bernstein analysts said.
Data shows that as of December 2, the annualized percentage return (APR) of ETH staking denominated in ETH is about 3.1%. Bernstein said: "We believe that as the level of activity on the Ethereum blockchain network increases, the ETH yield can rise further to 4-5%."
Research: Trump's inauguration could be a short-term high for the crypto market
US President-elect Trump will be officially inaugurated on January 20, 2025, and market research shows that cryptocurrency prices may see an adjustment after that. According to data from Bloomberg and Macrobond Financial, the US presidential election year market usually performs strongly after the election and tends to cool after the president takes office.
Fed's Williams: Expect the Fed to cut interest rates further
New York Fed President John Williams said on Monday that the Federal Reserve may further lower its interest rate target as inflation pressures continue to cool. "Monetary policy remains in a restrictive range to support a sustainable return to the 2% target for inflation," Williams said in a speech at a meeting of the Queens Chamber of Commerce in New York. Looking ahead, "I expect it will be appropriate to continue to move to a more neutral policy setting over time," Williams said, adding that the policy path will depend on the data. If we have learned anything over the past five years, it is that the outlook remains highly uncertain. Williams did not give clear guidance on the timing of a rate cut or whether he thinks the Fed will lower its interest rate target at this month's FOMC meeting.
3 Reasons Why Solana Could Fall in December
The author believes that Solana may perform weaker in December, mainly due to its weakening momentum, the threat of competitors, and the need to reduce market bubbles. Solana's ecosystem and fund liquidity are challenged, especially from the competition of EVM and other assets. In addition, liquid fund managers may tend to sell SOL for profit, and SOL's market share is also diverted by assets such as XRP. The author believes that Solana's complacency has reached a bottleneck, and the attractiveness of marginal buyers will decrease in the next 30 days, while the motivation of marginal sellers to sell will increase.
In-depth analysis of Virtuals Protocol: AI “pump.fun” has grown 60 times in 3 months
Artificial intelligence agents are transforming from simple assistants into vital assets across industries, especially in gaming, entertainment, and business automation. The AI gaming market is expected to grow from US$4.2 billion to US$42.1 billion by 2032. Virtuals Protocol aims to reshape digital entertainment by combining AI agents with blockchain to promote decentralized co-ownership and cross-platform interaction. Its AI character Luna demonstrates the potential of AI in digital platforms. Despite market competition and technological risks, Virtuals Protocol shows significant growth potential in the AI-driven Web3 gaming space.
A quick look at 12 potential projects in the BNB ecosystem that have not yet issued a token
Recently, the BNB Chain ecosystem has experienced a boom in development, attracting the attention of a large number of users and developers. In addition to the popular projects that have been launched, many potential projects that have not yet issued tokens are emerging in the fields of decentralized finance, chain games, and infrastructure. These projects have made significant progress in technology research and development, application scenario innovation and user community building, including blockchain games, AI data processing, modular Layer 1, etc., and have attracted the support of many well-known investment institutions.
