Today's news highlights:
Astrology-themed tokens are experiencing a general surge, possibly influenced by Andrew Kang's tweet.
Upbit will list VANA.
Solv Protocol announces that its token $SOLV will soon be listed on Hyperliquid.
Approximately 5 billion DOGE transferred from Binance, valued at $2.029 billion.
Sun Yuchen also withdrew 20,000 ETH from EtherFi and deposited 10,000 ETH into HTX.
Trump family's crypto project World Liberty purchased $250,000 worth of ONDO tokens through Cow Protocol.
Matrixport: Ethereum's dominance may rebound in 2025.
Upbit will list Moca Network (MOCA).
Regulatory News
Bitcoin's founder Satoshi Nakamoto has become the 16th richest person in the world due to the surge in Bitcoin's price.
According to Bitcoin Magazine, Bitcoin's founder Satoshi Nakamoto has reached a net worth of $106 billion, becoming the 16th richest person in the world, surpassing Michael Bloomberg, due to the Bitcoin price reaching $106,000.
FASB's fair value accounting rule for Bitcoin officially takes effect today.
According to a report by The Bitcoin Historian shared by Bitcoin Magazine, FASB's fair value accounting rule for Bitcoin officially takes effect today. Prior to this, companies could only assess Bitcoin's value at its purchase price, rather than its appreciated value. Images show that MicroStrategy founder Michael Saylor stated last week: FASB (Financial Accounting Standards Board) has officially passed the fair value accounting rule for Bitcoin, which applies to fiscal years beginning after December 15, 2024. This improvement will promote the adoption of Bitcoin as a reserve asset by enterprises.
Project Updates
Astrology-themed tokens are experiencing a general surge, possibly influenced by Andrew Kang's tweet.
Astrology-themed tokens have generally risen, possibly influenced by Mechanism Capital partner Andrew Kang's tweet about astrology-themed cryptocurrencies yesterday. Data shows that all 12 zodiac tokens have increased by over 10% in 24 hours, with Gemini up 28.7%, Aries up 31.32%, and Scorpio up 28.76%. Andrew Kang pointed out in his tweet that astrology is one of humanity's oldest 'memes,' and its universality and cultural penetration make astrology-themed tokens likely to become the next big class of popular memecoins. He also mentioned that astrology comes with a rich meme ecosystem and, combined with recent project promotions on TikTok and astrology influencers, has gained considerable market attention.
Upbit will list VANA.
Upbit announces it will soon support trading of the new digital asset VANA, with the specific trading start time to be announced 1 hour in advance after sufficient liquidity is ensured. VANA will support KRW, BTC, and USDT markets, with the recharge function expected to open at 19:00 local time on December 16, through the Vana network.
Solv Protocol announces that its token $SOLV will soon be listed on Hyperliquid.
Bitcoin staking platform Solv Protocol announces that its token $SOLV will be listed on Hyperliquid, with specific listing times and trading details to be further announced.
Upbit will list Moca Network (MOCA)
According to Upbit's announcement, Moca Network (MOCA) will begin trading today (December 16) in the KRW, BTC, and USDT markets, supported by the Ethereum network. The recharge function for MOCA will open within 2 hours after the announcement, with trading expected to start at 14:00 local time.
Owner of Pnut the Squirrel has taken legal action against Binance.
According to Squirrel_Dad (the owner of internet celebrity 'Pnut the Squirrel'), his legal team has formally issued a cease-and-desist letter to Binance, accusing it of unauthorized use of his intellectual property, including images, trademarks, and story content of 'Peanut the Squirrel.' The letter alleges that Binance displayed related content on its platform without permission and listed tokens, infringing on copyright and trademark rights. Squirrel_Dad stated that he would protect his creations through legal means and plans to take further legal action. Squirrel_Dad's actions have sparked dissatisfaction among some users, and his personal X account has reportedly been reported by multiple people, currently displaying a warning that the profile may contain potentially sensitive content.
Trump family's crypto project World Liberty purchased $250,000 worth of ONDO tokens through Cow Protocol.
According to Arkham monitoring, at 6:51 AM Beijing time today, the Trump family-related crypto project World Liberty spent 250,000 USDC to purchase 134,216 ONDO tokens through Cow Protocol.
Opinion
Matrixport: Ethereum's dominance may rebound in 2025.
Matrixport analysis indicates that Ethereum failed to keep pace with the market during the Bitcoin bull market of 2024, with its dominance dropping significantly from 18% to 12%, while Bitcoin's dominance peaked at 61%. The launch of Ethereum ETFs did not reverse this trend, and market focus gradually shifted to emerging blockchain ecosystems like Solana. However, the report notes that 2025 may become a key turning point for Ethereum. Fund inflows into Ethereum ETFs may attract more traditional financial institutions (TradFi) to enter, pushing Ethereum to become a 'dark horse' in the market, achieving a strong rebound in the future.
Former Coinbase CTO: AI and the crypto field's reputations may converge.
Former Coinbase CTO Balaji Srinivasan tweeted that AI originates from academic research and large tech companies, thus having a higher reputation; whereas crypto technology originates from anonymous forums and internet communities, initially having a lower reputation.
However, AI makes it easy to forge everything, while crypto technology makes forgery difficult; the reputations of the two may gradually converge. He believes that although AI is widely recognized as an important technology with civilizational significance, the value of crypto technology is underestimated, and the two will gradually come closer in reputation in the future.
Important Data
Approximately 5 billion DOGE transferred from Binance, valued at $2.029 billion.
Whale Alert monitoring shows that at 14:26 Beijing time, 4,999,999,999 DOGE (approximately $2.029 billion) was transferred from Binance to an unknown wallet.
Sun Yuchen also withdrew 20,000 ETH from EtherFi and deposited 10,000 ETH into HTX.
According to Onchain Lens monitoring, Sun Yuchen has unstaked 52,905 ETH (valued at $209 million) from Lido Finance, as well as 20,000 ETH from EtherFi. Additionally, he deposited 10,000 ETH (valued at $39.69 million) and 196,380 EIGEN (valued at $964,000) into the HTX platform.
Sun Yuchen applied to withdraw 52,905 ETH from Lido an hour ago, currently valued at over $200 million.
Spot On Chain monitoring shows that Sun Yuchen applied to withdraw 52,905 ETH (currently valued at $209 million) from Lido Finance an hour ago. This portion of ETH is part of the 392,474 ETH he purchased at an average price of about $3,027 from February to August this year, with a total investment of about $1.19 billion, currently projected to yield a floating profit of $349 million (+29%). Notably, on October 4, 2023, Sun Yuchen withdrew 80,251 ETH (valued at $131 million) from Lido and transferred it to Binance within the following four days, after which the ETH price dropped by about 5% in mid-October.
Bitcoin spot ETFs saw a net inflow of $2.17 billion last week, with funds flowing in for five consecutive days.
According to SoSoValue data, from December 9 to 13 Eastern Time, Bitcoin spot ETFs saw a net inflow of $2.17 billion over the week, achieving a net inflow for five consecutive trading days. Among these, BlackRock's ETF IBIT led with a net inflow of $1.51 billion, with a historical total net inflow of $35.88 billion; Fidelity's ETF FBTC had a net inflow of $598 million, with a historical total net inflow of $12.31 billion. In contrast, Grayscale's ETF GBTC saw a net outflow of $221 million last week, with a historical total net outflow of $21.05 billion. As of now, the total net asset value of Bitcoin spot ETFs is $114.969 billion, accounting for 5.71% of Bitcoin's total market capitalization, with a historical cumulative net inflow of $35.602 billion.
MOCA has surged over 300%, currently priced at $0.376.
Coingecko market data shows that, possibly influenced by Upbit's listing, MOCA Coin (MOCA) briefly surged over 300%, currently priced at $0.376/token.
Bitcoin mining difficulty increased by 4.43% to 108.52 T, with the average network hash rate exceeding 800 EH/s.
CloverPool data shows that Bitcoin mining difficulty underwent an adjustment at block height 874,944 (2024-12-16 09:33:30), increasing by 4.43% to 108.52 T, setting a new historical high. The current average network hash rate is 812.02 EH/s.
The floor price of the VANA ecosystem NFT project V is currently 2.99 ETH, with a 24-hour increase of 135.92%.
According to Blur data, the floor price of the VANA ecosystem NFT project V is currently 2.99 ETH, with a 24-hour increase of 135.92% and a weekly increase of 688.92%. Earlier today, news broke that Upbit will list VANA.
