Compiled by: Fairy, ChainCatcher.
Important Information:
Bitwise CEO: Project teams and market makers should change their mindset and try to challenge higher market caps in a bull market.
Solana co-founder: We need national XRP reserves.
Data: XRP's market cap surpasses USDT, becoming the third largest cryptocurrency by market cap.
Pump.fun saw a significant drop of 66% in weekly revenue after pausing its live streaming feature.
Hashed founding partner: Ripple Labs previously sold XRP in Korea in a 'Ponzi scheme' manner, and there is a genuine XRP community in Korea.
Zhao Changpeng responded to the view that he should be pardoned: unwilling to be CEO again, but does not mind being pardoned.
DeBox operating account private key leakage, with losses exceeding 4.87 million BOX and 31 ETH.
Clipper: Attacked due to a vulnerability in the withdrawal function, rather than the private key leakage claimed by 'third parties'.
"What important events have occurred in the past 24 hours?"
Bitwise CEO: Project teams and market makers should change their mindset and try to challenge higher market caps in a bull market.
Bitwise CEO Hunter Horsley stated on social media that the bear market breeds zero-sum thinking, where a person profits by taking a share of a shrinking cake from others.
However, as of November this year, the total market cap of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a phase where the cake is getting bigger, and it is time to change the way of thinking. The winning mentality in this stage is to encourage maximizing the size of the cake, increasing the number of participants, treating on-site participants well, and supporting teams to maximize their potential and strengths.
Solana co-founder: We need national XRP reserves.
Solana co-founder Toly posted on X saying: 'We need national XRP reserves.'
According to earlier news, based on RootData's market data, XRP's market cap has surpassed SOL, exceeding $130.2 billion, ranking third in the cryptocurrency market cap leaderboard (excluding stablecoins).
Data: XRP's market cap surpasses USDT, becoming the third largest cryptocurrency by market cap.
According to RootData, XRP's market cap surpassed $140.05 billion, overtaking USDT (market cap $134.209 billion), becoming the third largest cryptocurrency, returning to levels before the SEC/Ripple lawsuit.
Pump.fun saw a significant drop of 66% in weekly revenue after pausing its live streaming feature.
According to Cointelegraph, Solana ecosystem meme coin issuance platform Pump.fun saw a significant decline in weekly revenue due to the suspension of its live streaming feature. Data shows that the platform set a new weekly revenue record of $33.83 million in the fourth week of November, an increase of nearly 400% from the beginning of the month. After shutting down the live streaming feature, revenue plummeted to $11.31 million during the period from November 25 to December 1.
Previously, the platform was forced to suspend live streaming services due to users posting threatening content during the live broadcast, and several industry insiders warned that this incident could trigger a criminal investigation. Digital and Analogue Partners partner Yuriy Brisov stated that this is 'reasonable grounds for criminal investigation and civil litigation.'
Hashed founding partner: Ripple Labs previously sold XRP in Korea in a 'Ponzi scheme' manner, and there is a genuine XRP community in Korea.
Hashed founding partner Ryan Kim stated on social media that Ripple Labs sold XRP in Korea through the 'Ripple Market Korea' project in a 'Ponzi scheme' manner, attracting a large number of Korean investors. These early investors may have received considerable returns, and there is a genuine XRP community in Korea, which is the reason why Koreans buy XRP in large quantities.
According to a report from Korean media in November 2014, the platform operator Ripple Market Korea completed its first round of sales within 2 hours on its opening day. The platform issued its own token RMK, promising to return transaction fee profits to users based on their holdings. At that time, the platform promoted the advantages of XRP being exchangeable with various national currencies, receiving investment from Google Ventures, and compliance with U.S. regulations.
Zhao Changpeng responded to the view that he should be pardoned: unwilling to be CEO again, but does not mind being pardoned.
In response to the suggestion by The Telos Foundation member John Lilic that 'Trump should pardon Zhao Changpeng and let him return to the CEO position,' Zhao Changpeng responded that he is unwilling to return to the CEO position at Binance but 'absolutely does not mind being pardoned.'
DeBox operating account private key leakage, with losses exceeding 4.87 million BOX and 31 ETH.
The DeBox official announcement stated that due to the leakage of the EOA wallet private key of the DeBox operating account, 31.03 ETH and 4.879 million BOX were stolen. The official emphasized that this incident is unrelated to the asset security of platform users, and the community should rest assured.
The response plan includes:
1. Stable Fund Buyback: The stable fund will be used to buy back stolen tokens from the exchange, expected to be completed within a week.
2. Token Distribution: All repurchased tokens will be injected into the BOX DAO asset pool, with specific uses to be decided by community voting.
3. Account Security Upgrade: Once the DeBox App supports multi-signature login, the operating account will migrate to a multi-signature wallet.
4. Tracking and Accountability: A professional security company has been commissioned for investigation and asset tracking, and progress will be updated regularly. Any recovered assets will be managed through BOX DAO voting.
The DeBox team stated that they will continue to track the theft address and reserve the right to take legal action while committing to building an open, transparent, and sustainable ecosystem.
According to previous news, the DeBox project fell more than 30% in the last 24 hours, with only $2,900 remaining in Uniswap V2 pool liquidity, and total on-chain liquidity of about $10,000.
Clipper: Attacked due to a vulnerability in the withdrawal function, rather than the private key leakage claimed by 'third parties'.
Decentralized exchange (DEX) Clipper clarified that its withdrawal function had a vulnerability that caused its protocol to be recently hacked, resulting in a loss of $450,000, rather than the private key leakage claimed by 'third parties'.
Clipper stated: "On December 1, the attacker exploited two liquidity pools, locking approximately 6% of the total value. A third party claimed there was a private key leakage issue. We can confirm that this is not the case and that it is inconsistent with Clipper's design and security architecture. The withdrawal function in the form of a token (bundled exchanges + deposit/withdrawal transactions) has been disabled."
Previously, the co-founder of security company Fuzzland posted on X that Clipper was 'hacked due to an API vulnerability (such as private key leakage)' and added that the API might have vulnerabilities that allow attackers to sign deposit and withdrawal requests and steal more funds than they deposited.
Coinbase has withdrawn its pre-application to enter the Turkish cryptocurrency market.
Cryptocurrency exchange Coinbase has withdrawn its pre-application to enter the Turkish cryptocurrency market, and the reason for the withdrawal is still unclear. Turkey's financial regulatory agency updated the list of companies applying for clearing, confirming that Coinbase has withdrawn its application. Bitfinex, Bitbns, Bitlo, OKX, and Rain Software are still seeking opportunities in Turkey by providing custodial services through applications.
QCP: Microsoft's shareholder vote on whether to include Bitcoin on its balance sheet may become a catalyst for Bitcoin to break $100,000.
QCP released a daily opinion stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, driven by Michael Saylor presenting his Bitcoin investment strategy to Microsoft. Microsoft's shareholders plan to vote on December 10 on whether to include Bitcoin on its balance sheet.
Major shareholders of Microsoft, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies through investments in MSTR, Coinbase, and other crypto companies. Some might think they already have enough exposure. However, if the proposal passes, it will not only be beneficial for Bitcoin but also for their other investments.
While waiting for Microsoft's decision next week, U.S. employment and labor data will again be in the spotlight this week. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the focus of the week is Friday's non-farm payroll data. The market will closely monitor this week's reports to better grasp inflation trends, especially before the interest rate decision on December 17-18.
DWF Labs has decided to relocate its headquarters to Abu Dhabi.
DWF Labs co-founder Andrei Grachev stated on the X platform: 'To establish a strong influence in the Middle East and provide more RWA and financial services, DWF Labs has decided to relocate its headquarters to Abu Dhabi, with more news to be released soon.'
CryptoQuant CEO: Coinbase whales drove the rise of XRP.
CryptoQuant CEO Ki Young Ju stated on X that Coinbase whales drove the rise of XRP. Over the past 30 days, Coinbase's minute-level price premium ranged from 3% to 13% during this increase.
Meanwhile, South Korean exchange Upbit, which has more XRP investors than Binance, has not shown any significant premium to date.
"What are the outstanding articles worth reading in the past 24 hours?"
XRP skyrocketed, reviewing 9 associated ecological issued projects.
The situation of speculating on new coins rather than old ones is reversing. The established public chain Ripple's XRP has continued to surge, with an increase of over 360% in the last month, and today its market cap has surpassed USDT and SOL, becoming the third-largest cryptocurrency. In addition, XRP's market cap has also surpassed Pinduoduo, China Life, and Citigroup, rising to 138th place globally.
According to RootData's heat trend, the popularity of project tokens related to the XRP ecosystem is rapidly climbing, and ChainCatcher has briefly reviewed projects related to the XRP ecosystem.
XRP's market cap returns to third in crypto; is XRP ETF ahead of the curve?
Latest data shows that XRP's market cap once surpassed $136.2 billion, overtaking USDT to reclaim the title of 'third largest cryptocurrency by market cap,' returning to levels before the SEC/Ripple lawsuit in 2020.
Earlier, Odaily Planet Daily provided a detailed analysis of the 'U.S. court ruling that Ripple did not violate federal securities law' in August. See (XRP once surged over 20%, Ripple's stage victory against SEC lawsuit) for more details. Nearly four months later, the price of XRP has surpassed $2.3, increasing nearly fourfold, with the market being relatively optimistic about XRP's future performance.
Odaily Planet Daily will summarize and organize the recent situation and related information of Ripple and XRP for readers' reference.
Executive 'Great Migration': How can crypto companies become ideal habitats for top talent?
A company's hiring can reveal the actual progress of its strategic execution and reflect the changing trajectory of industry demand, thereby predicting the future market's activity level and development potential.
According to a report released by Tiger Research, after the U.S. Securities and Exchange Commission (SEC) approves the Bitcoin spot ETF in January 2024, the number of job postings in the global Web3 market has started to increase significantly. With rising expectations for market recovery, hiring activity has become relatively active.
In the first half of 2024, the number of Web3 job postings increased by about 20% compared to the previous year, reflecting a significant rise in overall industry expectations compared to last year. The increase in job postings mainly comes from crypto ETF management companies and exchanges.
Exclusive Interview with Little Z: The Business of CEX from the 'Listing Expert'.
Since October, listing new coins on CEX has become a new skill. Whether it's ACT, PNUT, or MOODNEG, numerous people have become wealthy due to these new coins being listed. Each batch of players positioning these potential listed coins holds their breath when CEX announces, hoping to be the lucky one.
However, apart from early positioning, there is a group of players like Little Z focusing on studying CEX announcements, forming a 'announcement trading' strategy. With his understanding of CEX, Little Z not only successfully positioned himself in some potential listings (like CAT MOODNEG), but also gained considerable profits after CEX announcements (like PEPE, ACT, OL). Thus, Blockbeats specifically interviewed Little Z about the lesser-known announcement trading.
The largest airdrop of the year? Hyperliquid averages an airdrop of $28,500 per person, and the popularity of HYPE has sparked a new gold rush.
After much anticipation, on November 29, the decentralized derivatives exchange Hyperliquid announced the genesis event of its native token HYPE. After the token was launched, the price of HYPE soared, rising from an opening price of $2 on November 29 to a peak of $9.8 on December 1, increasing nearly fivefold in less than three days.
Compared to other major airdrop projects this year, HYPE's market performance is indeed impressive. In this airdrop, Hyperliquid distributed a total of 310 million tokens, even calculated at the opening price of $2, the airdrop scale reached $620 million. Among the airdrops this year, it can be regarded as one of the largest airdrop projects.
But strangely, in the early stages of Hyperliquid's airdrop announcement, there were few Chinese KOLs discussing it on social media, and there were not many Chinese bloggers who shared their profits afterward. It seems that those KOLs focused on quick gains collectively missed out on this significant opportunity.
