Headlines
Cboe submits listing application for four Solana spot ETFs to the US SEC
James Seyffart, senior ETF analyst at Bloomberg, wrote on the X platform, “Cboe has just submitted applications to the US SEC for four Solana spot ETFs, the issuers are VanEck, 21Shares, Canary Capital and Bitwise. If the SEC does not reject the above-mentioned application, the final deadline will be around early August next year.”
Tether has issued 9 billion USDT since November 8
According to Lookonchain monitoring, Tether has issued a total of 9 billion USDT since November 8.
BTC breaks through 98,500 USDT in the short term, setting a new record high
OKX market data shows that BTC briefly surged and broke through 98500 USDT, with a 24H increase of 5.38%, continuing to set a new all-time high.
SOL briefly surged to 259.9 USDT, setting a new all-time high.
OKX market data shows that SOL briefly surged to 259.9 USDT, with a 24H increase of 10.95%, setting a new all-time high.
Sun Yuchen purchased the artwork 'Comedian' for $6.2 million.
Sun Yuchen announced the purchase of Maurizio Cattelan's iconic work 'Comedian' for $6.2 million. He stated that this is not just an artwork; it represents a cultural phenomenon connecting the worlds of art, memes, and the cryptocurrency community. He believes this piece will inspire more thoughts and discussions in the future and become a part of history.
Industry News
The probability of the Federal Reserve cutting rates by 25 basis points in December is 55.9%.
According to CME 'Fed Watch', the probability that the Federal Reserve will maintain the current interest rate unchanged by December is 44.1%, and the probability of a cumulative 25 basis points rate cut is 55.9%. The probability of maintaining the current interest rate unchanged by January next year is 33.7%, with a cumulative 25 basis points rate cut probability of 53.1%, and a cumulative 50 basis points rate cut probability of 13.2%.
MicroStrategy completed a $3 billion convertible note issuance.
According to official news, MicroStrategy completed a $3 billion convertible note issuance with a 0% coupon rate, which includes an option granted to initial purchasers under the note purchase agreement that allows them to buy additional notes within three days of the initial issuance, for a total amount of $400 million. The initial purchasers fully exercised this option on November 20, 2024, and completed the purchase of additional notes on November 21, 2024.
Short seller Citron: Still optimistic about BTC, but has shorted MicroStrategy for hedging.
Short seller Citron stated on platform X that with Bitcoin investments easier than ever (currently able to buy ETF, COIN, and HOOD), MicroStrategy's trading volume has completely diverged from the fundamentals of BTC. Although Citron remains optimistic about Bitcoin, we have hedged by opening a short position in MicroStrategy. Citron pays tribute to Michael Saylor's visionary Bitcoin strategy and has great respect for him, but even Michael Saylor knows MicroStrategy is now overheated.
Project News
Sui: A bug in the upgrade code caused a network outage, which has been fixed within 2.5 hours.
Sui officially announced on platform X that 'the Sui mainnet experienced downtime from 1:15 to 3:45 PM Pacific Time on November 21, 2024. All validators fell into a crash loop, preventing any transactions from being processed. The Sui network experienced its first outage due to a bug in the congestion control code. This bug stemmed from a recent upgrade to the congestion control code aimed at better utilizing shared objects. Contributors of Sui quickly deployed a fix and restored normal network activity within 2.5 hours.'
Sonic will launch its mainnet in December.
Sonic Labs (formerly Fantom) officially teased on X that Sonic will launch on a day in December. Sonic Labs CEO Michael Kong added that it will not be on the 27th or 31st, hinting at a launch earlier in the month.
Suilend token economics released: total supply of 100 million tokens, with 40% allocated for airdrops.
The Sui ecosystem lending protocol Suilend released its token economics, with a total supply of 100 million tokens, 65% allocated to the community, 20% to investors, and 15% to the team. The team will airdrop 40% (40 million tokens) to holders of points, early users, Rootlets NFT, Capsule NFT, and SAVE holders.
CHILLGUY community: A donation wallet has been set up for brand authors.
CHILLGUY community account @chillguycto posted on platform X that a donation wallet has been set up for CHILLGUY brand authors, and stated that if he does not want this money, he can also donate it to a charity of his choice.
The Solana wallet Phantom ranks fourth in free app downloads on iPhone.
According to Apple's official data, the Solana decentralized wallet Phantom ranks fourth in free app downloads on iPhone, surpassing Google and TikTok. Meanwhile, Coinbase's download ranking has dropped to 27th place.
Circle: Native USDC and cross-chain transfer protocol CCTP are about to launch on Aptos.
Circle announced on platform X that native USDC and cross-chain transfer protocol CCTP are about to launch on Aptos. Aptos will gain support for native USDC and CCTP, enabling developers to build applications for various use cases using USDC, including DeFi, peer-to-peer payments, cross-border remittances, global commerce, risk-weighted assets, gaming, and more.
Investment and Financing
The crypto wallet Deblock, created by former Revolut and Ledger executives, completed approximately $16.8 million in seed funding.
According to documents submitted this month to the UK Companies House, the crypto wallet Deblock created by former Revolut and Ledger executives has completed an additional £13.3 million (approximately $16.8 million) in seed funding. Another document from October indicates that Headline, Hoxton, 20VC, and Chalfen are the main investors in this round of financing. Sifted previously reported that this startup quietly raised €12 million last year.
The decentralized gamer network KGeN completed a $10 million financing round, led by Aptos Labs.
The decentralized gamer network KGeN (Kratos Gamer Network) announces the completion of a $10 million ecosystem round of financing, led by Aptos Labs, with participation from Polygon and Game7. The total financing amount has reached $30 million. It is reported that its gamer network mainly operates in India, Brazil, Nigeria, Southeast Asia, and the Middle East and North Africa region.
Person * Voice
Bloomberg analyst: Grayscale submitted a Bitcoin miners ETF application.
Bloomberg ETF analyst Henry Jim posted on X that Grayscale submitted a Bitcoin miners ETF application, with trading code/fee rate pending, and the effective date is January 27, 2025.
CZ: Users with Intel chip-based Macbooks need to update as soon as possible to stay safe.
CZ issued a security reminder on X: 'If you are using an Intel chip-based Macbook, please update as soon as possible to stay safe.' According to SecurityWeek, Apple confirmed that the macOS system has been subjected to a zero-day attack and urgently released major macOS and iOS security updates to fix two widely exploited vulnerabilities. Apple confirmed that these vulnerabilities are being widely exploited on Intel-based macOS systems and urged users across the ecosystem to urgently apply iOS 18.1.1, macOS Sequoia 15.1.1, and older iOS 17.7.2.
Insiders: Blackstone Group invested $500 million in Lancium to support its construction of over 5 gigawatts of data centers.
Insiders revealed that Blackstone Group (Blackstone Inc.) invested over $500 million in Lancium, which is building more than 5 gigawatts of data centers in West Texas to meet the growing energy demands of AI applications. Insiders stated that the company recently completed an equity deal to support Lancium's plans to build five facilities in areas rich in wind and solar resources.
The president of The ETF Store: Speculates that at least one issuer is attempting to submit an ADA or AVAX ETF application.
The ETF Store President Nate Geraci posted on X: “In addition to the listing of Grayscale and Bitwise's crypto index funds, there are currently applications for spot ETFs for SOL, XRP, and HBAR. Speculates that at least one issuer has also attempted to file for an ADA or AVAX ETF.” Bloomberg ETF analyst Eric Balchunas stated that December 31 seems to be the best date to submit a DOGE ETF application.
