Compiled by: Fairy, ChainCatcher
Important information:
Pump.fun has come under controversy due to users spreading violent behavior through live broadcasts, and the team has arranged for personnel to review content around the clock
Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75 times USDT perpetual contracts
Vitalik: The crypto industry needs applications focused on specific functions like anoncast and Polymarket
BTCparser: A large number of wallets created in 2010 holding 50 BTC each may belong to Satoshi Nakamoto
Hong Kong ZA Bank has launched cryptocurrency trading services today, allowing users to buy and sell Bitcoin and Ethereum using HKD and USD
South Korea's Financial Services Commission: Currently not considering establishing a national Bitcoin reserve, needs to observe the direction of US policy
What important events have occurred in the past 24 hours?
Pump.fun has come under controversy due to users spreading violent behavior through live broadcasts, and the team has arranged for personnel to review content around the clock
According to Cointelegraph, Pump.fun recently faced community criticism due to users spreading violent and harmful behavior through live broadcasts, leading to calls for enhanced content review or the shutdown of the live broadcast function. One user threatened self-harm if their token did not reach a market value goal; others threatened domestic violence or even school shootings, with community members pointing out that the function has 'completely spiraled out of control.'
The platform head Alon responded that Pump.fun has arranged for the team to review live broadcasts, images, and comment content around the clock to actively respond to growing demands. However, the community calls for the platform to pause the live broadcast function until review tools are improved and to take more transparent measures to prevent similar incidents from happening.
Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75 times USDT perpetual contracts
According to the official announcement, Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75 times USDT perpetual contracts.
November 25, 2024, 19:30 (GMT+8): 1000WHYUSDT perpetual contract
November 25, 2024, 19:45 (GMT+8): 1000CHEEMSUSDT perpetual contract
Singapore Gulf Bank seeks to raise at least $50 million and plans to acquire a stablecoin payment company next year
According to Bloomberg, insiders revealed that Singapore Gulf Bank is seeking to raise at least $50 million and plans to acquire a stablecoin payment company next year.
The startup bank was founded by Singapore's family office Whampoa Group and was licensed in Bahrain since February. The bank is currently negotiating with sovereign wealth funds and other investors in the Middle East, planning to sell less than 10% of its equity before early 2025.
Insiders indicate that the funds will mainly be used to accelerate product development, enhance the bank's payment network, and hire more staff. They stated that Gulf Bank plans to acquire a stablecoin payment company in the Middle East or Europe in the first quarter. The bank's spokesperson declined to comment on financing, valuation, or acquisition plans.
BTCparser: A large number of wallets created in 2010 holding 50 BTC each may belong to Satoshi Nakamoto
According to Cointelegraph, Bitcoin research firm BTCparser recently published an article stating that a large number of Bitcoin wallet addresses were created in 2010, each holding 50 bitcoins, and these addresses were not transferred until they were 'activated' for the first time in November 2019, referred to as '2010 whales' in the article.
Its theory suggests that Satoshi Nakamoto owns these wallets and has been slowly selling off holdings while deliberately ignoring the wallets from 2009 to avoid attracting attention, 'This makes me suspect that the mysterious 2010 whale could actually be Satoshi Nakamoto.' However, BTCparser emphasizes that this is just a 'theory, not a conclusion.'
South Korea's Financial Services Commission: Currently not considering establishing a national Bitcoin reserve, needs to observe the direction of US policy
According to Cryptonews, Kim Byung-hwan, chairman of South Korea's Financial Services Commission (FSC), stated in a television interview that they are currently not considering establishing a national Bitcoin reserve.
Kim Byung-hwan pointed out that South Korea will observe other countries' reactions to Trump's cryptocurrency adoption plan before making decisions. He emphasized that the FSC currently prioritizes investor protection and remains vigilant about the rapid growth of the crypto asset market. It is reported that although South Korea implemented the Virtual Asset Protection Act in July this year, regulators still need to carefully assess the actual impact of crypto assets on the economy.
Hong Kong ZA Bank has launched cryptocurrency trading services today, allowing users to buy and sell Bitcoin and Ethereum using HKD and USD
According to Ming Pao, Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to provide such services to retail users. Users can buy and sell Bitcoin and Ethereum using HKD and USD.
The service has an entry threshold of $70 or 600 HKD, with a commission of $1.99 or 15 HKD per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement preferential policies by the end of June 2025, including waiving commissions and reducing platform fees to 0.8%. ZA Bank's acting CEO Wu Zhonghao stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.
Vitalik: The crypto industry needs applications focused on specific functions like anoncast and Polymarket
Ethereum co-founder Vitalik Buterin stated on Warpcast: 'The idea of developing applications for the sake of needing applications is fundamentally soulless; it completely abandons the notion that cryptocurrency is meant to bring about concrete changes in the world to make it freer, more open, and more collaborative. At the same time, ignoring applications and focusing on universality is also a short-term evasion strategy.'
What we need are specific types of applications that can truly make the world more free, open, and collaborative, and can achieve organic usage. Polymarket is a good example, and anoncast is also a great opportunity to surface the best free speech while avoiding the quagmire of junk information and low-quality content.
Binance will launch monthly options for BNBUSDT and SOLUSDT
According to the official announcement, Binance options will launch monthly options for BNBUSDT and SOLUSDT on November 26, 2024, at 16:00 (GMT+8).
Please note: BNBUSDT and SOLUSDT monthly options are European-style options contracts.
What are the exciting articles worth reading in the past 24 hours?
Systematic analysis of the AI Agent track: AI Meme, issuance platforms, and infrastructure
Since the launch of the first AI Agent token GOAT (Truth Terminal) in mid-October, AI Agent Meme coins have quickly become the new focus of the market.
Under the strong push from Binance, the two AI Agent Meme track tokens GOAT and ACT were launched one after another, achieving an astonishing leap in value in a short time, with unprecedented market heat. Specifically, on November 10, the ACT token surged more than 2000% within 24 hours of its listing on Binance, setting a record for first-day gains of new tokens on Binance; on November 17, the GOAT token once soared to $1.37, nearing a market cap of $1.4 billion; additionally, on November 20, the ANON token in the Farcaster ecosystem achieved a fivefold surge in just one hour due to the favor from Vitalik.
As the popularity of AI Agent Meme tokens such as ACT and GOAT continues to rise, investors are seeking new participation opportunities, and applications related to AI Agents are springing up like mushrooms after rain. Statistics show that hundreds of new AI Agent tokens are launched every day.
Dialogue with Catizen co-founder: Retention rates post-TGE remain higher than traditional games, plans to issue short dramas and other blockbuster potential content
Catizen is one of the hottest Telegram/TON eco-games this year, with over 44 million registered users and over 3.3 million on-chain users.
After the TGE in September, how will Catizen maintain ecological growth? What strategic plans are in place? How does Catizen view the current state and future trends of Telegram/TON eco-games?
Recently, Catizen co-founder Ricky Wong delivered a keynote speech at the 'DeInsight 2024' annual summit co-hosted by Web3 asset data platform RootData and ChainCatcher, where he reviewed how Catizen incentivizes user participation in the Web3 sharing economy era and announced a subsequent token buyback plan to repurchase over 10 million CATI tokens annually to reward the community.
After the meeting, ChainCatcher also invited Ricky Wong for an interview, where Ricky Wong shared in more detail the success experience of Catizen and its issuer Pluto, future sustainability guarantees, and views on the future of the Telegram/TON ecosystem.
Prospects for Solana ETF approval: From 'almost hopeless' to 'expected by the end of 2025', what challenges currently exist?
The Cboe BZX Exchange of the Chicago Board Options Exchange recently submitted applications for four Solana ETFs. With the U.S. presidential election concluded, and Trump set to take office, SEC Chairman Gary Gensler announcing his resignation effective next January, the regulatory environment for cryptocurrency ETFs is expected to undergo significant changes, creating new opportunities for the approval of Solana ETFs.
Analysts believe that the SEC will shift from a 'law enforcement-based' to an 'information disclosure-based' regulatory model; if the Solana ETF is approved, it will stimulate huge demand in the crypto ETF market. Solana, currently the fourth largest cryptocurrency by market cap, despite lacking support from a mature futures market and facing potential hurdles of being classified as a security, is steadily advancing in its ETF application process in anticipation of the new regulatory environment.
