Compiled by: Luan Peng, ChainCatcher
Important Information:
Nike's crypto fashion brand RTFKT announced that it will gradually end operations
Sonic Labs mainnet generates first block, token airdrop snapshot completed
Core Scientific to issue $500 million in convertible senior notes
Vitalik: Wanxiang may save Ethereum, but he may never be able to return to Russia
Cambodia blocks 16 cryptocurrency trading sites
Multi-asset investment platform Public completes $135 million in equity and debt financing, led by Accel
“What important events have occurred in the past 24 hours?”
Nike's crypto fashion brand RTFKT announced that it will gradually end operations
Nike's crypto fashion brand RTFKT announced that it will end operations and its Web3 services will be phased out by the end of January 2025. RTFKT will launch an updated website that showcases the groundbreaking works that define RTFKT's journey.
In this transitional period, RTFKT will launch MNLTH X this December, featuring BLADE DRoP, which it says is a symbol of its commitment to continue pushing boundaries and merging worlds.
Sonic Labs mainnet generates first block, token airdrop snapshot completed
According to The Block, 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".
The team previously announced that it expects to launch the mainnet in late November or early December. Sonic Labs has completed the S token airdrop distribution snapshot, supports 1:1 exchange with Fantom's FTM token, and introduced Sonic Gateway to realize cross-chain bridging function.
Core Scientific to issue $500 million in convertible senior notes
Core Scientific, a mining company, is offering $500 million of convertible senior notes due 2031 in a private placement to qualified institutional buyers. Core Scientific also intends to grant the initial purchasers of the notes an option to purchase up to an additional $75 million principal amount of notes, to be settled within 13 days of the date of the initial issuance of the notes.
Core Scientific intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisition of complementary businesses or repurchase of its securities.
Vitalik: Wanxiang may save Ethereum, but he may never be able to return to Russia
Ethereum co-founder Vitalik Buterin said in an interview with Wu Blockchain that the foundation almost ran out of funds after the launch of the Ethereum main chain in 2015. Wanxiang purchased 410,000 ethers at a price of $1.2 each, investing a total of $500,000 to support the development of the foundation. This investment may have "saved the foundation's life." Vitalik believes that the concept of large blocks is more correct, but the lack of execution ability is the main reason for its failure. He pointed out that the current Bitcoin community is too focused on prices and the prospects for technical development are not optimistic.
Speaking of the Russian-Ukrainian war, Vitalik said the conflict had completely changed him. After publicly supporting Ukraine, he realized that he might never be able to return to Russia and might even face a 10-15 year prison sentence.
Regarding the positioning of Ethereum, Vitalik prefers the concept of "world computer", believing that it is not only a chain, but also an ecosystem that can support various applications.
Cambodia blocks 16 cryptocurrency exchanges
Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, but not their apps.
Cambodia faces international pressure to improve its reputation as a hub for online fraud as the government seeks to regulate cryptocurrencies and other digital services.
Multi-asset investment platform Public completes $135 million in equity and debt financing, led by Accel
Public, a multi-asset investment platform, announced the completion of $135 million in equity and debt financing, including $105 million in equity and $30 million in debt. The new financing will be used to enhance the artificial intelligence capabilities of the Public platform. Long-term supporter Accel is the main investor. Public has previously raised more than $300 million in venture capital.
Public announced the launch of cryptocurrency trading services in 2021 to compete with Robinhood Markets and others. Previously, individual investors using the platform could only trade stocks and ETFs listed in the United States, and now it has expanded to cryptocurrencies, treasury bonds, and art. Its target customers are young crypto users.
Zhao Changpeng posted a post with the picture "Alt", which may hint at the arrival of the copycat season
Binance founder Changpeng Zhao posted a message saying: "Which key is available on Windows and Linux but not on Mac?" and attached an "AIt" picture, which may hint at the arrival of the copycat season.
Binance launches ENA/BRL and other spot trading pairs and trading robot services
According to the official announcement, Binance will launch ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC spot trading pairs at 08:00 (UTC time) on December 4, 2024, providing users with more spot trading options.
In addition, Binance will enable trading bot services for the following trading pairs at 08:00 (UTC) on December 4, 2024:
Spot Grid and Spot DCA: AVAX/USDC, METIS/USDT, RONIN/USDT, and XRP/EUR
Rebalancing robot: METIS/USDT, RONIN/USDT
Spot algorithmic orders: ENA/BRL, EOS/FDUSD, KAIA/USDC, SAND/USDC, XLM/FDUSD and XLM/USDC
Data: Bitcoin long-term holders' current holdings have dropped to 12.45 million, a new low since July 2022
According to IntoTheBlock data, the current holdings of long-term Bitcoin holders have dropped to 12.45 million, a new low since July 2022. Data shows that the reduction in long-term holders in this cycle is only 9.8%, which is significantly narrower than the 15% in the 2021 bull market cycle and the 26% in the 2017 bull market cycle.
RootData: Tokens that comply with the ISO 20022 standard have performed strongly, with an average increase of 72.96% in the past 7 days
Web3 asset data platform RootData tweeted that tokens that comply with the ISO 20022 standard have performed strongly, with an average increase of 72.96% in the past seven days and a median increase of 63.94%.
It is reported that ISO20022 is an international agreement that provides a secure and standardized way to exchange financial messages between organizations within the payment industry. The agreement will replace the 50-year-old SWIFT financial information system used by banks and other financial institutions to promote global payments. The ISO20022 cryptocurrency list is a collection of compliant digital currencies and tokens that comply with the International Organization for Standardization (ISO) 20022 standards. Many cryptocurrencies will be integrated into this new financial system, known as ISO20022-compliant cryptocurrencies.
"What are the interesting articles worth reading in the past 24 hours?"
Hashkey Capital Report: Why are we bullish on altcoins?
On the four occasions since 2016 when Bitcoin reached new cycle highs, the altcoin index outperformed Bitcoin in the three months prior to those highs, with the only exception occurring in the second quarter of 2016.
Why did the old DeFi leader CRV rise? Which related tokens are worth paying attention to?
Bitcoin stagnated at the psychological level of $100,000, while Alts caught up, causing BTC's market share to fall below 55%.
The DeFi sector performed well, rising by more than 20% in the past 7 days, and Curve Finance's token CRV led the DeFi sector with a weekly increase of more than 50%. Among large-cap DeFi tokens, its performance was second only to THE, which was positively affected by Binance's listing, and Curve ecosystem protocol Convex token CVX.
Coin Center: Are we too optimistic about Trump’s potential crypto policy?
Cryptocurrencies have received a lot of attention in the recent election, and many are wondering how friendly the new administration and Congress will be. In short, we expect some areas to improve, while others will remain challenging. We expect that good policy may be easier to implement in securities and banking regulation, while there may be clearer rules governing centralized secondary markets and centralized stablecoin issuers.
In the areas of anti-money laundering, tax reporting, and sanctions, the outlook is less certain. Coin Center will continue to focus on protecting the rights of developers of self-driving and privacy software, as well as the rights of ordinary Americans who want to use these tools. Below is our thinking on these issues, as well as our initial analysis of the opportunities and challenges ahead.
Bitcoin is hovering around the 100,000 mark. Six dimensions to analyze what stage of the bull market we are in?
In the previous article (Looking back at the market data of the past four years, which stage of the bull market are we in?), based on the four years of market and market data starting from 2020, we found that the rate, active buying transaction volume, and total transaction volume are effective leading indicators of the market. However, these three indicators gave two completely opposite conclusions. The rate shows that the current market has just entered a slightly FOMO stage from a cooling-off period, but the active buying transaction volume and total transaction volume have hit historical highs, indicating the top of the stage.
The author believes that the divergence in the indicator conclusion is mainly caused by the prevalence of Bitcoin spot ETFs and "micro-strategy" coin hoarding. These net inflows of funds outside the "traditional currency circle" have pushed up Bitcoin prices and trading volumes. On the other hand, its transactions are isolated from CEXs such as Binance and the leverage form is completely different, resulting in a derailment of fees and prices.
Therefore, the author aims to explore what stage of the bull market we are in through other more general, intuitive and historical indicators.
Data interpretation of PNUT's on-chain chips: Some people missed 34 million, while others grabbed 13 million
The past November was destined to be a month for Bitcoin and MEME to dance together. And PNUT became the most dazzling star in the MEME track in November. It created a record of a market value from 0 to a maximum of more than 2 billion US dollars in a single month, and also created countless diamond hands and wealth myths of smart money.
Putting aside Musk's orders and the news of Binance and other mainstream exchanges going online, how did the smart money and diamond hands grab this golden project? What is the current distribution of chips on the chain? PANews conducted a large amount of data analysis on the top 1,000 holding addresses on the PNUT chain, trying to uncover the secrets of these top chips.
First, the data source and method of this analysis are explained here. This analysis uses the top 1,000 holding addresses on the chain on November 28 as the analysis object. Due to the source of transaction data, the robot addresses, exchange addresses, trading pool addresses or abnormal addresses are removed. A total of about 624 addresses were analyzed for their first purchase or transfer (price, amount), first sale or transfer (price, amount), some related addresses, some large-scale addresses, and early internal trading addresses.
