1. Popular cryptocurrencies on CEX
CEX trading volume Top 10 and 24-hour changes:
BTC: +1.31%
XRP: +13.62%
ETH: +0.83%
XLM: +26.17%
SOL: +3.65%
PEPE: -4.49%
DOGE: +3.6%
HBAR: +8.79%
ADA: +10.04%
PENGU: +10.36%
24H increase ranking list (data source: OKX):
XLM: +26.17%
DGB: +24.97%
IOTA: +20.25%
FTM: +18.23%
ALGO: +16.3%
XRP: +13.62%
XCH: +12.62%
GOAT: +12.55%
SWEAT: +11.78%
BICO: +11.18%
2. Top 5 trending meme tokens on-chain (data source: GMGN):
PENGU
DUNA
DRIFFAIN
AUDIT
SNAI
3. 24H trending cryptocurrencies
VIRTUAL: AI concept leader continues to create historical highs, with market capitalization briefly approaching $5 billion, currently reported at $4.8 billion.
ai16z: Another major AI concept leader ai16z continues to create historical highs, currently reported at $2.4 billion.
ai16z has initiated a token economics update proposal, focusing on key contents including: the Launchpad phase in Q1 2025, through acquisitions of mature technologies and teams, focusing on Eliza framework innovations, including multi-chain integration, increasing launch fees, staking, and other value capture mechanisms. The second phase looks at ecological growth and incentive synergy, allowing multiple products to increase value mutually, enhancing the relationship of ai16z tokens, and incentivizing developers through buybacks, ecological funds, etc.
Headlines
Musk changed his X platform account name back to 'Elon Musk'
Odaily Planet Daily reported that X platform information shows that Musk changed his X platform account name back to 'Elon Musk', and the avatar has also been changed from a PEPE image to a personal photo. Previously, on December 31, Musk changed his profile picture on platform X to a Pepe-related image. Additionally, his ID was changed to Kekius Maximus.
Possibly influenced by Musk changing his account name, the Kekius Maximus concept meme token saw a widespread decline
Odaily Planet Daily reported that possibly influenced by Musk changing his account name, the Kekius Maximus concept meme token saw a widespread decline. Among them, KEKIUS on Ethereum dropped over 50% in 30 minutes, with a current market value of $96.6 million, while KM on Solana dropped about 50% in 30 minutes, with a current market value of $3.6 million. It is reported that on December 31, Musk changed his profile picture on platform X to a Pepe-related image. Additionally, his ID was changed to Kekius Maximus and was reverted around 4:48 AM today.
Lens mainnet is about to go live
Odaily Planet Daily reported that Lens Protocol announced on platform X that the Lens mainnet is about to go live.
Industry news
Yesterday, the U.S. Bitcoin spot ETF saw a net inflow of $5.36 million
Odaily Planet Daily reported that according to Farside Investors data, the U.S. Bitcoin spot ETF had a net inflow of $5.36 million yesterday, mainly from Fidelity FBTC.
Yesterday, the U.S. Ethereum ETF saw a net inflow of $36 million
Odaily Planet Daily reported that according to Farside Investors data, the U.S. Ethereum ETF had a net inflow of $36 million yesterday.
ParaFi currently manages assets exceeding $1 billion and plans to expand by more than five times in the coming years
Odaily Planet Daily reported that ParaFi Technologies, aside from being a venture capital firm, also operates a validator system with staked assets exceeding $1 billion, serving as a validator for Ethereum in addition to Aptos and Solana. ParaFi partner Kevin Yedid-Botton stated: 'In simple terms, we are an investment and technology firm. We also see ourselves as a utility provider for the blockchain ecosystem.' He further explained: 'From a purely business perspective, our revenue is diversified. We do not rely on a single income source from a single fund. We have quantitative funds, venture funds, token funds, and other auxiliary businesses, GP business, and technology business.' Yedid-Botton found that ParaFi's multi-business structural approach not only generates revenue but also allows for open communication between teams with different skills. He believes the company has created a 'unique combination' that can 'find alpha in ways that other companies cannot.' ParaFi's next cycle will focus on developing existing businesses. Yedid-Botton stated that ParaFi currently manages assets exceeding $1 billion and plans to expand the asset scale by more than five times in the coming years. (Blockworks)
Globalt Investments executive: will consider increasing Bitcoin holdings, but the allocation may not exceed 5%
Odaily Planet Daily reported that BlackRock, which manages the iShares Bitcoin Trust ETF, previously stated that a 2% Bitcoin allocation in traditional multi-asset portfolios is a 'reasonable range'. In response, Thomas Martin, Senior Portfolio Manager at investment firm Globalt Investments, revealed that currently 10% of their portfolio is in gold, and they may consider increasing their Bitcoin holdings, but the allocation may not exceed 5%. He also mentioned they may consider holding 5% cash in the portfolio, with the remaining invested in stocks and bonds, where the ratio between the latter two varies based on different investors' risk preferences. Thomas Martin pointed out that in some aggressive strategies he manages for clients, stocks may account for 90% of the portfolio, and gold has a low correlation with stocks, bonds, and cash, sometimes serving as a value store.
Messari releases six major predictions for 2025: Hyperliquid's excellent performance may have ended, AI agent frameworks will peak in Q1
Odaily Planet Daily reported that Messari released six major predictions for 2025: 1. Hyperliquid's excellent performance may have ended; 2. VIRTUAL FDV will surpass TAO FDV in three months; 3. Pudgy Penguins will surpass CryptoPunks as the hottest PFP series; 4. Peaq will surpass all L2s in 2025; 5. Ethereum's performance will outperform Solana in 2025; 6. AI agent frameworks will peak in Q1 2025 and will not recover.
Project news
Ripple's Chief Legal Officer outlines 6 principles to the SEC, urging cautious crypto regulation
Odaily Planet Daily reported that Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. SEC to adopt a prudent approach to crypto regulation: 1. The SEC only has jurisdiction over securities transactions; 2. Selling gold bars with contractual rights, ownership, or gold mine rights may be a securities transaction; 3. Selling the same gold bar without post-sale rights or obligations is simply an asset sale, not under SEC's jurisdiction; 4. The SEC's jurisdiction cannot expand based on its selfish view of who 'should' disclose; 5. Tokens are absolutely not securities, even though they can be the subject of securities transactions; 6. The idea that tokens can 'evolve' from securities to non-securities is a fictitious fallacy with no legal basis.
Sonic: Over 12 CEX will launch S trading in January to replace FTM
Odaily Planet Daily reported that Sonic announced on their official TG channel that over 12 CEX will launch S trading in January to replace FTM. These exchanges include Binance, OKX, etc. Please continue to follow the updates on the launch date and be wary of scams. Previously, Sonic SVM announced its native token $SONIC token economics, with a total supply of 2.4 billion, of which 57% is allocated to the community, including community and ecological development (30%), initial claims (7%), and HyperGrid rewards (20%). TGE is scheduled for January 7, 2025, with an initial circulation of 15% of the total, and the qualification check tool for the initial claims plan will be launched on January 3, allowing users to verify if their wallets meet the claim conditions, while the SonicX TikTok airdrop event will remain open until January 6.
Solana on-chain trading platform Drift plans to launch the second season airdrop this May
Odaily Planet Daily reported that the Solana-based on-chain trading platform Drift announced on X that it plans to launch FUEL airdrop in May 2025. Drift launched its native token DRIFT in May, and FUEL is the reward program announced by Drift protocol in July 2024. This program marks the second season airdrop of DRIFT. Drift stated that FUEL will help coordinate incentives and drive protocol growth. It is understood that one of the team's primary goals this year is to develop Drift into a super protocol, focusing on lending, derivatives, prediction markets, automated market making, and wealth management.
Usual post hints at the activation of the token fee switch
Odaily Planet Daily reported that Usual stated on X: 'The fee switch era begins. 2025 marks a turning point for DeFi: real value, real distribution. On January 7, get ready for your USUAL. A new year, a new standard.' hinting at the activation of the token fee switch.
Usual response USD 0 short-term slight decoupling event: caused by a large-scale sell-off by a whale, now has recovered its peg
Odaily Planet Daily reported that Usual stated on X that at 5 PM Beijing time yesterday afternoon, the Usual protocol experienced a large-scale USD 0 sell-off triggered by whale trading in the secondary market. This event raised questions about the peg ability of USD 0. USD 0 briefly dropped to $0.99, and then quickly returned to $1 within seconds, although there was a several bps deviation due to continued sell-offs initially, it fully restored its peg after a few hours. The official stated that USD 0 can always be redeemed at a 1:1 ratio for its underlying collateral, ensuring the Usual protocol's solvency. This redemption is processed through smart contracts, and currently, any whitelisted entity can access it. The ultimate goal is to make it completely permissionless, but extensive audits will be conducted before granting open access to collateral. Currently, all USD 0 can be redeemed on a T+0 basis and are supported by highly liquid short-term money market instruments. Despite the pressure, the usual infrastructure and model have proven solid, the peg has returned to normal, and there is now ample instant liquidity available for arbitrage. Overall, this event was the first significant stress test on the peg ability of USD 0, with the amount redeemed in a few hours exceeding the entire TVL of GHO, but everything is operating as usual. The team will continue to refine processes, improve efficiency, and will soon launch a series of updates.
SHIB Chief Developer reveals final ecosystem token TREAT details: will incentivize user participation and support 'Network State'
Odaily Planet Daily reported that Shiba Inu (SHIB) Chief Developer Shytoshi Kusama shared on X the upcoming TREAT-related progress. TREAT is the fourth and final official token in the Shiba Inu ecosystem. As SHIB: The Metaverse entered its early access phase on December 25, Kusama's recent remarks indicate that TREAT is expected to become the focal point of the Shiba Inu roadmap in early 2025. Kusama disclosed the functionality of TREAT on X: 'What if there was a way to reward participation and access through tokens? What if it became the backbone of an operating system that powers network status and could solve many of the world's problems through global adoption? If so, then TREAT is not just another tradable asset in the Shiba Inu ecosystem, but a multifaceted token aimed at incentivizing participation, granting access to advanced features, and nurturing what he calls a 'Network State.' (Bitcoinist)
3A chain game Seraph (Dark Angel) is about to launch TGE, promoting innovation and development in the Web3 gaming ecosystem
Odaily Planet Daily reported that Seraph (Dark Angel) announced today that its foundation has officially been established, marking its entry into a new phase in the Web3 gaming field. As a 3A chain game integrating gaming, blockchain, and AI technologies, Seraph provides players with an unprecedented immersive experience through a decentralized economic model and dynamic gaming experience. The official announcement revealed that Seraph TGE is in countdown phase, further promoting innovation and development in the Web3 gaming ecosystem. For more updates, please stay tuned for subsequent announcements.
Investment and financing
071 Labs announces investment in Web3 AI game publisher Pentagon Games
Odaily Planet Daily reported that according to official news, Web3 blockchain incubation and investment firm 071 Labs announced a strategic investment in Web3 AI game publisher Pentagon Games and formed a partnership, with specific amounts not disclosed; the new funds are intended to support the integration of zkEVM, Web3, and AI technologies.
Regulatory policies
The U.S. tax bureau has released a temporary relief measure for cryptocurrency taxation, expected to benefit CeFi exchange users in 2025
Odaily Planet Daily reported that the U.S. Internal Revenue Service (IRS) has issued a temporary relief measure expected to benefit CeFi exchange users in 2025. This relief addresses concerns raised by the final version of Regulation 6045 regarding custodial brokers, which will take effect on January 1, 2025, requiring the adoption of the first-in-first-out (FIFO) accounting method for digital assets, unless preferred methods like highest-in-first-out (HIFO) or Spec ID are chosen. Cointracker's tax strategy director Shehan Chandrasekera explained the issue, emphasizing that 'as of January 1, 2025, almost all CeFi brokers are not prepared to support Spec ID.' This lack of preparation will force many cryptocurrency holders to default to FIFO accounting, potentially leading to higher tax burdens during asset sales. He described, 'In a bull market environment, this could be disastrous for many taxpayers because you may inadvertently sell the earliest purchased assets first (often with the lowest cost basis), while maximizing your capital gains unknowingly.' The IRS's temporary relief allows taxpayers to continue using their own records or tax software to identify specific units being sold. The relief period is only applicable to CeFi transactions from January 1, 2025, to December 31, 2025. After this date, taxpayers will need to formally choose an accounting method with their brokers. Chandrasekera also emphasized the importance of synchronizing tax software with broker settings. (Bitcoin.com)
Ten regions in Russia have comprehensively banned cryptocurrency mining
Odaily Planet Daily reported that ten regions in Russia will comprehensively ban cryptocurrency mining starting January 1, with three other regions implementing partial bans. This government decree was passed on December 23, stipulating a complete ban on mining from January 2025 to March 2031, while in the other three regions, mining will be partially restricted during each heating season (from November 15 each year to March 15 of the following year, excluding the first year of the ban starting January 1, 2025). Russian Deputy Prime Minister Alexander Novak stated at the end of December that the number of regions banning cryptocurrency mining may increase if requests are received from governors. Authorities in the Republic of Khakassia have already requested the Energy Ministry to limit mining activities in the region. (Jin10)
Voices of the people
Galaxy Ventures: expects the crypto merger market to recover this year, focusing on stablecoins and payment sectors
Odaily Planet Daily reported that Galaxy Ventures predicts that with fintech, banking, and tech companies returning to the crypto space, crypto merger activities will surge in 2025. Galaxy Ventures General Partner Will Nuelle stated that stablecoins and payments actually affect real fintech businesses, so we expect mergers to primarily occur there. Will Nuelle also anticipates that as U.S. regulatory transparency improves, IPO activities will resume, creating more opportunities for crypto companies to enter the public market. (TheBlock)
VanEck Research Director: VanEck holds 9% of its Bitcoin ETF circulating shares
Odaily Planet Daily reported that VanEck's Digital Asset Research Director Matthew Sigel stated that VanEck holds 9% of its Bitcoin ETF circulating shares, with more shares in cold storage. (Cointelegraph)
Mechanism Capital partner: 2025 will be the year of AI agents
Odaily Planet Daily reported that Mechanism Capital partner Andrew Kang posted on X, stating: '2025 will be the year of AI agents, 2026 will be the year of humanoid robots, and 2027 will be the year of human and AI fusion.'
Aave co-founder Stani: optimistic about Ethereum's performance in 2025
Odaily Planet Daily reported that Aave co-founder Stani stated that Ethereum will have a good start in 2025. The Pectra upgrade will allow EOAs to operate like smart contracts, providing scalability for smart wallets and better user experience and security. The introduction of blob space will significantly enhance scalability. These will dynamically adjust blob limits through the consensus layer, thus improving Ethereum's DA scalability (mainnet and L2). Pectra is the largest upgrade concerning the included EIPs and represents an important step forward. Bullish.
