Compiled by Luan Peng, ChainCatcher
Important Information:
The South Korean Digital Asset Protection Foundation has officially begun operations and has taken over the assets of 40,000 users from defunct exchanges.
Bitcoin founder Satoshi Nakamoto has become the 16th richest person in the world due to the increase in Bitcoin prices.
Data: El Salvador's current Bitcoin holdings are 5,965.76 BTC.
The owner of the viral squirrel Peanut sent a cease and desist letter to Binance, demanding that they stop using PNUT-related IP.
The leader of South Korea's ruling party, Han Dong-hoon, announced his resignation.
Hainan court has concluded a case involving the illegal trading of personal information through cryptocurrency, with the main perpetrator sentenced for illegally selling 82 million pieces of information.
Data: Approximately 5 billion DOGE were transferred from Binance, valued at $2.029 billion.
Upbit will launch VANA.
What important events have occurred in the past 24 hours?
The South Korean Digital Asset Protection Foundation has officially begun operations and has taken over the assets of 40,000 users from defunct exchanges.
According to SBS Biz, the South Korean Digital Asset Protection Foundation has officially begun operations, responsible for receiving, safeguarding, and managing user deposits and virtual assets held by virtual asset companies that have ceased operations, and returning them to users. Client deposits held by some trading companies in the virtual currency market will also be transferred to the protection foundation.
The protection foundation announced today that it has transferred the assets of approximately 40,000 users from five defunct virtual asset exchanges, including Apro Korea, Ten and Ten, Hanbitco, Qbit, Pay Protocol, and AG, to the foundation.
Since the establishment of the protection foundation on September 26, the foundation has had individual meetings with defunct companies to verify the status of assets pending transfer, ensuring the actual possession certification of user assets under custody, and carried out necessary procedures such as asset review and test transfers to ensure the safe transfer and management of user assets.
The protection foundation plans to complete negotiations regarding the transfer of user assets with up to 8 defunct companies by the end of this year, with 5 companies being the first to transfer assets.
Bitcoin founder Satoshi Nakamoto has become the 16th richest person in the world due to the increase in Bitcoin prices.
According to Bitcoin Magazine editor The Bitcoin Historian, Bitcoin founder Satoshi Nakamoto has become the 16th richest person in the world with a personal wealth valuation of $106 billion as the Bitcoin price reached $106,000.
Data: El Salvador's current Bitcoin holdings are 5,965.76 BTC.
Mempool data shows that El Salvador currently holds 5,965.76 BTC, worth approximately $615 million.
The owner of the viral squirrel Peanut sent a cease and desist letter to Binance, demanding that they stop using PNUT-related IP.
The owner of the viral squirrel Peanut, Mark Longo (@Squirrel_Dad12), posted that he has sent a cease and desist letter to Binance through his law firm. The letter points out that Binance has used multiple intellectual properties without authorization, including the PNUT trademark and the image of a squirrel wearing a cowboy hat.
According to a legal letter, Longo has been using the PNUT trademark in the U.S. since April 2017, primarily for education and public welfare projects related to animal protection, wildlife, and nature conservation. If the infringement is proven to be willful, the compensation could be as high as $150,000 for each infringement. The lawyer requested that Binance respond and cease all infringing activities by December 31.
The leader of South Korea's ruling party, Han Dong-hoon, announced his resignation.
According to Jinshi news, the leader of South Korea's ruling party, Han Dong-hoon, announced his resignation.
A spokesperson for the South Korean Ministry of Defense stated that about 1,500 soldiers were deployed during the curfew on December 3.
Hainan court has concluded a case involving the illegal trading of personal information through cryptocurrency, with the main perpetrator sentenced for illegally selling 82 million pieces of information.
According to The Paper, the Hainan Wenchang People's Court recently concluded a case involving the illegal trading of personal information through cryptocurrency. Court investigations revealed that the defendant Han purchased more than 82.24 million pieces of personal information for 500 RMB on QQ in 2021, including 7.27 million photos of ID cards, 30.69 million vehicle owner information, and 1.07 million bank user information.
In March 2023, Han sold personal information through platforms like QQ, WeChat, and Telegram, collaborating with courier Wu to obtain courier transaction information, trading at a price of 1.5 RMB per piece in USDT, profiting 770 RMB through the virtual asset trading platform. The court sentenced Han to one year and eight months in prison for infringing on citizens' personal information, and co-defendant Wu was sentenced to eight months probation for one year and four months and fined 2,000 RMB.
Data: Approximately 5 billion DOGE were transferred from Binance, valued at $2.029 billion.
According to Whale Alert monitoring, at 14:26 Beijing time, 4,999,999,999 DOGE (approximately $2.029 billion) were transferred from Binance to an unknown wallet.
Upbit will launch VANA.
According to an official announcement, Upbit has announced that it will soon support trading of the new digital asset VANA, with the specific trading start time to be announced one hour in advance once liquidity is sufficient. VANA will support KRW, BTC, and USDT markets, with the recharge function expected to open on December 16 at 19:00, conducted through the Vana network.
Balaji Srinivasan: The reputation of AI and the cryptocurrency field may converge.
Former Coinbase CTO Balaji Srinivasan tweeted that AI originates from academic research and large tech companies, thus having a higher reputation; while cryptocurrency technology originated from anonymous forums and internet communities, initially having a lower reputation.
However, AI makes everything easy to forge, while cryptocurrency technology makes forgery difficult, and the reputations of the two may gradually converge. He believes that while AI is widely recognized as an important technology with civilizational significance, the value of cryptocurrency technology is underestimated, and in the future, the two will gradually approach each other in reputation.
Peter Schiff: Investors buy Bitcoin to get rich, while buying gold is to preserve wealth.
Economist and gold advocate Peter Schiff posted on X, stating: 'Most people buying Bitcoin now believe it will make them rich. Most who already own Bitcoin refuse to sell, as they hold the same belief. Most people selling Bitcoin have already gotten rich, as they bought Bitcoin years ago and are now cashing out.'
Many people who buy gold actually need it for business. Investors do not buy gold to get rich, but to preserve their wealth, or at least to retain the value of their existing assets. So there is a big difference between the two.
Afterward, Schiff also stated: 'Today's Bitcoin price has once again reached a historic high. It is very likely that tomorrow we will find that the buyer is Michael Saylor. This seems to be a trend, as this has happened for the past five Mondays.'
Cryptocurrency wallet provider Exodus announced that it will be listed on the New York Stock Exchange on December 18.
According to Globenewire, cryptocurrency wallet provider Exodus Movement, Inc. (OTCQX: EXOD) announced its common stock has been approved for listing on the NYSE American.
The company's Class A common stock, with a par value of $0.000001, will begin trading at the start of trading on December 18, 2024, on NYSE American under its current trading symbol 'EXOD'.
Common stock will continue to trade on the OTCQX market until the market closes on December 17, 2024. Current shareholders do not need to take any action before the company is expected to list on NYSE American.
Binance will launch MOCA U perpetual contracts, with leverage up to 75 times.
According to an official announcement, Binance will launch MOCA U perpetual contracts, with leverage up to 75 times.
CoinShares: The inflow of digital asset investment products this year has reached $44.5 billion, which is more than four times that of other years.
According to the latest weekly report from CoinShares, digital asset investment products continued to attract inflows last week, totaling $3.2 billion, marking the tenth consecutive week of inflows. Year-to-date, the total inflow has reached $44.5 billion, more than four times that of any other year. The average weekly trading volume of ETPs reached $21 billion, accounting for 30% of the total Bitcoin traded on trusted exchanges. Bitcoin's trading volume on trusted exchanges has high liquidity, with an average daily trading volume of $8.3 billion this year, double that of the FTSE 100 index. In terms of regional fund flows, all regions experienced inflows, with overall sentiment generally positive, particularly notable inflows from the U.S., Switzerland, Germany, and Brazil, amounting to $3.1 billion, $36 million, $33 million, and $25 million, respectively.
Bitcoin investment products attracted $2 billion in inflows, bringing the total inflow since the U.S. elections to $11.5 billion. Although the total assets under management (AuM) remain low at $130 million, recent price increases have attracted $14.6 million in inflows to Bitcoin short products. Ethereum attracted inflows for the seventh consecutive week, totaling $1 billion, with total inflows over these seven weeks reaching $3.7 billion, significantly improving market sentiment. With hopes of an ETF listing in the U.S. rising, altcoin XRP attracted $145 million in inflows, while Polkadot and Litecoin attracted $3.7 million and $2.2 million in inflows, respectively.
The Vana mainnet is officially online, and the airdrop eligibility check has begun.
According to an official announcement, the Vana mainnet is now officially online, along with the launch of VANA staking functions. The testnet community rewards include:
Users participating in the early DataDAO pre-mining through Aurora Cohort (as Data Hero or directly participating);
Community builders of Vana Discord;
V on vana NFT holders.
The snapshot was completed on December 13, 2024, and the airdrop eligibility check has begun.
What are the exciting articles worth reading in the past 24 hours?
From governance to staking: A comprehensive analysis of the multiple applications and future growth of the ZRO token.
In the first and second parts about LayerZero, we introduced the mechanism, business model, and dynamics of the entire cross-chain field. In this third part, we will focus on the protocol token $ZRO.
A Fat Penguin NFT is worth 1 million RMB; will it become the new 'boss'?
On December 16, according to OpenSea data, the NFT Pudgy Penguins floor price broke through 34 ETH, currently reported at 34.2 ETH (approximately $137,000), with a 24-hour increase of 22.5%; its sub-series NFT Lil Pudgys broke through 4 ETH, currently reported at 4.24 ETH (approximately $17,000), with a 24-hour increase of 20.9%.
It is noteworthy that the Pudgy Penguins series has seen astonishing growth during this bull market, with OpenSea data showing that its floor price has risen from around 11 ETH to 34 ETH in the past month, approximately 980,000 RMB; and its market capitalization has reached 300,000 ETH, approximately $1.19 billion as of the time of publication.
The 500x miracle coin DRUGS emerged over the weekend, sparking a new investment frenzy in daos.fun?
The DeSci project Big Pharmai (DRUGS) continued to write the wealth myth of daos.fun over the weekend.
GMGN market data shows that as of publication, DRUGS is currently priced at $0.0401198, corresponding to a market value of approximately $44 million. Based on the fundraising limit of 420 SOL (approximately $92,000) during the fundraising phase (and an additional 42 SOL raised to build initial liquidity), DRUGS has nearly increased by 500 times since its 'internal market' emergence, becoming the most outstanding daos.fun system token after ai16z.
Meme Hot List
According to meme token tracking and analysis platform GMGN market data, as of December 16, 19:30:
The top five popular tokens on Ethereum in the past 24 hours are: PEPU, MOCA, SHIRO, TOKI, SHANG.
The top five popular tokens on Solana in the past 24 hours are: SHIKOKU, NYANCAT, MOM, SHITCOIN, NOSE.
The top five popular tokens on Base in the past 24 hours are: VIRTUAL, CINNA, SKIC, HADAKA, Labz.
