ME token airdrop eligibility and distribution inquiries will open on December 4.
Author: Shenchao TechFlow
Market dynamics yesterday
Latest data: 60 listed companies globally hold over 538,000 Bitcoins.
On December 3, according to the latest statistics from HODL15Capital (as of December 2, 2024), there are a total of 60 listed companies globally holding Bitcoin on their balance sheets, with a total holding of 538,175 Bitcoins.
The top five holding companies are:
MicroStrategy (USA): 402,100 tokens
Marathon Digital (USA): 34,794 tokens
Galaxy Digital (Canada): 15,449 tokens
Riot Platforms (USA): 10,928 tokens
Tesla (USA): 9,720 tokens
In terms of regional distribution, American companies dominate, with multiple listed companies in Canada, Japan, Germany, and other countries holding Bitcoin. Companies from Asia include those from Hong Kong, Japan, Singapore, Thailand, and more. In terms of industry characteristics, technology companies and digital asset companies are predominant, including several crypto mining companies.
The altcoin season index has surpassed its annual peak.
Coinmarketcap data shows that the altcoin season index has surpassed its annual peak, currently reported at 83.
It is reported that the CMC cryptocurrency altcoin season index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. Data shows that in the past 90 days, 83 of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.
Sonic Labs mainnet generates its first block, token airdrop snapshot completed.
According to The Block, the Layer1 blockchain project Sonic Labs (formerly Fantom) has announced that its mainnet has generated its first block, marking the completion of the 'Genesis' phase and is expected to go live soon. A few days prior, the project also launched the upgraded testnet 'Blaze'.
The team previously announced that it expects to launch the mainnet by the end of November or beginning of December. Sonic Labs has completed the snapshot for the S token airdrop, supporting 1:1 exchange with Fantom's FTM tokens, and has introduced Sonic Gateway to achieve cross-chain bridging functionality.
Vitalik: Wanxiang may have saved Ethereum's life, and he may never return to Russia.
On December 3, Ethereum co-founder Vitalik Buterin stated in an interview with Wu Shuo Blockchain that after the launch of the Ethereum main chain in 2015, the foundation was nearly out of funds. Wanxiang purchased 410,000 ETH at a price of $1.20 each, investing a total of $500,000 to support the foundation's development, a move that may have "saved the foundation's life."
Moreover, Vitalik believes that the concept of large blocks is more correct, but the lack of execution capability is the main reason for its failure. He pointed out that the Bitcoin community is currently too focused on price, and the technological development prospects are not optimistic.
Speaking about the Russia-Ukraine war, Vitalik stated that this conflict has completely changed him. After publicly supporting Ukraine, he realized he might never return to Russia and could face a prison sentence of 10 to 15 years.
Regarding the positioning of Ethereum, Vitalik prefers the concept of a 'world computer', believing it is not just a chain but an ecosystem capable of supporting various applications.
AAVE USDC deposit rate reaches 40%, USDT deposit rate reaches 28%.
On December 3, according to official website data, the lending protocol AAVE's USDC deposit rate reached 40%, and the USDT deposit rate reached 28%.
Nike's NFT entity RTFKT announces plans to gradually cease operations.
Nike's NFT entity RTFKT announced on platform X that it will gradually cease operations, with its Web3 services expected to end by the end of January 2025. It is reported that RTFKT plans to launch a new website showcasing groundbreaking work that defines RTFKT's journey, and before the transition, RTFKT will launch another innovation this December featuring BLADE DROP.
Magic Eden co-founder: ME token airdrop eligibility and distribution inquiries will open on December 4.
Magic Eden co-founder and CEO Jack Lu announced on social media that ME token airdrop eligibility and distribution inquiries will open on December 4. The ME token will launch on December 10.
Coinbase adds the Solana-based meme coin MOODENG to its asset listing roadmap.
According to official news, Coinbase will list the Solana-based meme coin Moo Deng (MOODENG) on its asset listing roadmap.
WisdomTree has submitted an XRP ETF S-1 application to the SEC.
According to an S-1 filing submitted to the US Securities and Exchange Commission (SEC), WisdomTree has applied for the WisdomTree XRP Fund, which is a type of exchange-traded fund (ETF) that issues beneficial rights ordinary shares and will be listed on Cboe BZX Exchange, Inc. under the stock code 'TICKER'. The trust's investment objective is to gain exposure to the price of XRP, minus the operational expenses and liabilities of the trust. BNY Mellon serves as the trust's manager, fund accountant, and transfer agent.
Bernstein: ETH ETF inflows surpass BTC, staking rewards may become a new growth engine.
According to CoinDesk, brokerage Bernstein stated in a research report on Monday that Ethereum (ETH) has underperformed Bitcoin (BTC) this year, but the inflow of funds into Ethereum ETFs has reversed, indicating that this period of sluggishness may have ended. The report noted that last Friday, BlackRock's Ethereum spot ETF saw an inflow of $250 million, while on the same day, its larger Bitcoin spot ETF only saw an inflow of $137 million, creating favorable supply-demand dynamics for ETH.
Bernstein noted that staking rewards could be another driving force for Ethereum. Due to regulatory restrictions, the initial Ethereum spot ETF application did not include returns.
DeBox: Confirms the private key of the operating account EOA wallet has been leaked and will repurchase all lost tokens.
Social platform DeBox officially released a security incident report, confirming that the private key of the EOA address used for repurchasing and deploying liquidity has been leaked, resulting in the theft of 31 ETH and 4.87 million BOX tokens. This incident only involved the operating account and did not affect the security of platform user assets.
The DeBox team has developed a response plan: within a week, it will use the stabilization fund to repurchase all stolen tokens from the exchange and inject them into the BOX DAO asset pool; once the app supports multi-signature functionality, they will upgrade the operating account to a multi-signature wallet; they will commission a professional security company to conduct investigations and asset tracking. The team is continuously tracking the involved addresses and reserves the right to take legal action. The subsequent handling of all recovered assets will be decided through a DAO vote.
Market dynamics
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