1. Trading Data
1. Liquidation Situation:
- Coinglass data indicates that in the past 24 hours, liquidations across the network amounted to $630 million, with long positions liquidated at $476 million and short positions at $153 million. Among them, ETH liquidations totaled $105 million, surpassing BTC's $88.6 million.
2. Market Trends:
- The pre-market trading price of #USUAL rose to $0.74, currently quoted at $0.7286, with a 24-hour increase of 25.81%.
2. Platform Dynamics
1. Coinbase Progress:
- Coinbase Assets announced on the X platform that it will add support for #Turbo (TURBO) and Gigachad (#GIGA) on the Ethereum network (ERC-20 tokens), reminding users not to send this asset through other networks, as funds may be lost. If liquidity conditions are met, trading will begin at 9 AM (Pacific Time) or later on December 11, 2024.
2. Synthetix Initiatives:
- Synthetix announced the acquisition of the leveraged token platform TLX via a token swap trading, which had previously received approval from SIP-412 and TIP-14. The team is currently working with TLX to optimize several parameters in the current implementation and is making every effort to launch on the Base chain, planning to complete a comprehensive review, implement parameter improvements, and redeploy all contracts in the coming weeks.
3. Security and Events
1. Security Incident Tracking:
- According to the Web3 security tool MistTrack by Slow Mist, as of now, DEXX attackers have transferred more than 4,700 ETH to Tornado Cash.
2. Fund Transfer Monitoring:
- According to lookonchain monitoring, within the past 3 hours, a new wallet withdrew 600 BTC (approximately $57.5 million) from Binance; a wallet address possibly related to Nexo deposited 15,650 ETH (approximately $57.3 million) back into Binance.
- According to Ember monitoring, 50 minutes ago, USV transferred 553,000 UNI (approximately $8.45 million) to Coinbase Prime.
4. Industry Activities and Collaborations
1. Solana Hackathon:
- Solana announced that the first Solana AI Hackathon is now live, aimed at building AI agents and tools on Solana, supported by SEND AI and leading teams in the Solana ecosystem. Prizes range from $5,000 to $30,000, designed to encourage serious Crypto x AI projects that can attract venture capital or launch their own tokens.
2. Crypto Regulatory Cooperation:
- On December 11, the main cryptocurrency regulator of El Salvador, Juan Carlos Reyes, chairman of the National Digital Asset Committee (CNAD), and Roberto Silva, chairman of the Argentine Securities Commission (CNV), signed an agreement to promote cooperation between the two countries in cryptocurrency regulation.
5. Corporate and Individual Perspectives
1. Trump’s Remarks:
- According to Axios, a source revealed that Trump will pay close attention to the price of Bitcoin, considering it another stock market, and added that he expects Bitcoin to reach $150,000 early in his presidency. On December 11, President-elect Trump stated that any individual or company investing $1 billion or more in the U.S. would receive expedited approvals and permits.
2. Goldman Sachs Attitude:
- According to market news, the CEO of Goldman Sachs stated that if regulators allow it, they will 'evaluate' participation in the Bitcoin or Ethereum market.
3. Microsoft Proposal Controversy:
- On December 11, voting results showed that Microsoft's major shareholders opposed the company's Bitcoin investment proposal. Earlier, Microsoft's board urged shareholders to reject a suggestion from the National Center for Public Policy Research that proposed the company invest 1% of its total assets in Bitcoin to hedge against inflation. At the annual meeting, MicroStrategy founder Michael Saylor gave a three-minute speech attempting to persuade Microsoft shareholders to support the proposal. Data shows that Microsoft's largest shareholders are institutional investors, including Vanguard and BlackRock.
6. Financing and Investment
1. COSIMO Financing:
- According to The Block, COSIMO, a digital asset holding company established in 2014, is raising a $25 million financing round, led by Eolas Capital co-founder and former Bridgewater executive Des Mac Intyre. This initiative aims to integrate COSIMO's crypto investment, custody, consulting, and brokerage services into a unified, visionary brand, the company announced in a statement on Tuesday.
2. Exabits Financing:
- Exabits, a crypto AI startup focused on tokenizing GPUs, completed a $15 million seed round financing at a valuation of $150 million, led by Hack VC. Exabits co-founder Hoansoo Lee stated that the company plans to issue tokens in the future.
3. ETF Capital Flows:
- According to monitoring data from Farside Investors, the capital data for U.S. spot Bitcoin ETF and spot Ethereum ETF on December 10 is as follows:
- Spot Bitcoin ETF: ARKB net inflow of $5.8 million, GBTC net outflow of $62.8 million, BTC net inflow of $6.4 million.
- Spot Ethereum ETF: ETHE net outflow of $4 million, ETH net inflow of $25.8 million.