Compiled by: Luan Peng, ChainCatcher
Important Information:
US SEC approves Hashdex to launch Nasdaq Bitcoin and Ethereum Crypto Index ETF
Craig Wright was sentenced to 12 months in prison, suspended for two years, for contempt of court
Doodles NFT founder seems to hint at issuing coins, Doodles floor price rises 61%
Beijing Procuratorate cracked the virtual currency mixing path and recovered more than 89 million yuan in stolen money
El Salvador Bitcoin Office: $1 million worth of BTC has been transferred to strategic reserves
Binance Futures will launch Bitcoin, Ethereum and other U-based and coin-based contracts for delivery on June 27, 2019
In the 202nd Ethereum ACDE meeting: developers discussed updates to Pectra specifications affecting EIP 7742 and others.
The bankrupt Cryptopia exchange has begun to return cryptocurrency to account holders, with 224.9 million USD in cryptocurrency refunded.
"What important events have happened in the past 24 hours?"
The US SEC has approved Hashdex to launch the Nasdaq Bitcoin and Ethereum Crypto Index ETF.
According to documents published by the U.S. Securities and Exchange Commission (SEC), the SEC has approved the listing and trading of the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF. These funds will be listed on the Nasdaq and Cboe BZX exchanges respectively, allowing investors to indirectly invest in Bitcoin and Ethereum through traditional financial markets. Approvals include comprehensive market monitoring protocols to prevent fraud and manipulation.
Craig Wright was sentenced to 12 months imprisonment for contempt of court, with a two-year probation.
Australian scientist Craig Wright, who claims to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, with a two-year probation. It is reported that he appeared in court via video link, refusing to disclose his exact location but stated he would appeal.
Earlier news reported that COPA accused Craig Wright of contempt of court, seeking a two-year prison sentence for him.
Doodles NFT founder seemingly hints at token release, Doodles floor price surges 61%.
Doodles NFT founder burnt toast released a cryptic message on social media this morning, but the initials of each word spell out 'token is coming', possibly hinting at the release of a token.
As a result of this news, the floor price of Doodles briefly surged, peaking above 8 ETH this morning before retracting to 6.77 ETH, with a 24-hour increase of 61.77%.
Beijing prosecutors have penetrated the virtual currency mixing paths, recovering over 89 million yuan in illicit funds.
According to Workers' Daily, the Beijing People's Procuratorate has released the working situation of the 'Procuratorial Protection of Enterprises' special action and published typical cases. In a case of embezzlement, the defendant defrauded the company of over 140 million yuan, and the procuratorial authority tracked virtual currency to recover losses.
Between 2020 and 2021, Feng used his position as a contractor at a tech company to conspire with Tang and Yang to defraud the company's contractor rewards amounting to over 140 million yuan. Subsequently, Feng directed Tang and Yang to utilize eight overseas virtual currency trading platforms to convert the involved funds from RMB to virtual currencies, obfuscating the source and nature of funds through overseas 'mixing' platforms, transferring funds in virtual currency through multiple layers. Some of the involved funds flowed back into accounts controlled by Feng and others in RMB, while some were concealed in virtual currency.
Prosecutors are conducting a line-by-line comparison and two-way review of the funds to accurately determine the flow of funds for cases where defendants used virtual currencies for profit-sharing and obscured fund flows through overseas 'mixing' platforms. This ultimately led to the recovery of 92 Bitcoins from Feng, totaling over 89 million yuan, maximizing the recovery of economic losses for the victims.
On September 14, 2024, Beijing's First Intermediate People's Court made a ruling, sentencing the defendants, including Feng, to prison terms ranging from 14 years and 6 months to 3 years for embezzlement, along with corresponding fines. The ruling has taken effect.
El Salvador's Bitcoin office: has transferred $1 million worth of BTC into strategic reserves.
El Salvador's Bitcoin office announced on platform X that it has transferred BTC worth $1 million into El Salvador's strategic Bitcoin reserves.
Earlier news reported that this morning at 8:07 AM Beijing time, a Salvadoran wallet address purchased 11 Bitcoins worth $1.07 million.
Binance contracts will launch Bitcoin, Ethereum, and other U-based and coin-based quarterly 0627 contracts.
Binance contracts will go live within a few hours after the December 27th 16:00 (UTC+8) U-based and coin-based quarterly 1227 contracts expire, launching U-based and coin-based quarterly 0627 contracts for mainstream varieties such as Bitcoin and Ethereum.
In the 202nd Ethereum ACDE meeting: developers discussed updates to Pectra specifications affecting EIP 7742 and others.
Christine Kim, Vice President of Galaxy Research, summarized the 202nd Ethereum Core Developer Execution (ACDE) call, where developers discussed updates to Pectra specifications impacting EIP 7742, EIP 7702, EIP 2537, and EIP 2935; they also discussed the launch plan for removing pre-merge historical data from clients and non-Pectra EIPs, needing feedback from developers.
Additionally, the team is making progress in implementing Pectra Devnet 5.
The bankrupt Cryptopia exchange has begun to return cryptocurrency to account holders, with 224.9 million USD in cryptocurrency refunded.
According to Cryptonews, the New Zealand cryptocurrency exchange Cryptopia has begun to return millions of cryptocurrencies to account holders after years of bankruptcy.
In a 2019 cyberattack, tokens worth millions of dollars were stolen from the Cryptopia platform, which subsequently applied for liquidation. At that time, the amount stolen from the platform was approximately $15.5 million. However, during the liquidation period, the platform was again hacked in 2021, with a former employee stealing $170,000 worth of cryptocurrency from wallets associated with Cryptopia.
The exchange has refunded 400 million NZD (224.9 million USD) in cryptocurrency to 10,000 verified account holders. According to the liquidator's public consultation, Bitcoin and Dogecoin account holders have already received their first cryptocurrency distribution.
Cryptopia liquidator Grant Thornton pointed out: 'In the past 48 hours, over 400 million NZD (224.9 million USD) in cryptocurrency has been returned on-chain.'
Data: Ethereum Foundation has sold ETH 32 times over the past year, with 15 transactions nearing peaks.
According to Lookonchain monitoring, since the Ethereum Foundation sold 100 ETH on December 17, the ETH price has dropped by about 17%. Over the past year, the Ethereum Foundation has conducted 32 ETH sales, totaling 4,466 ETH (approximately $12.6 million), with 15 transactions nearing market peaks.
Zhao Changpeng: learned a few minutes ago that Revolut has listed BNB.
Zhao Changpeng stated on X: learned a few minutes ago that Revolut has listed BNB, and the community is continuously growing.
Japan's Liberal Democratic Party pushes for cryptocurrency tax reform, proposing a 20% separate tax.
According to Coinpost, Japan's Liberal Democratic Party Digital Society Promotion Headquarters Web3 Working Group, led by Akihisa Yanazaki, reported that the LDP's political affairs investigation committee officially approved an urgent proposal (regarding converting crypto assets into beneficial national economic assets) on the 19th.
The report points out that under the current tax system, income generated from cryptocurrency transactions is generally classified as miscellaneous income and is subject to a comprehensive tax rate of up to 55% (combined income tax and resident tax), which is more stringent than in other countries. The report also mentions that taxation on crypto assets is harsher than in other countries.
In light of the above points, and whether crypto assets should be regarded as financial assets subject to public investment, the following points should be considered:
Change the profits and losses generated by crypto asset transactions to be taxed under the 'Separate Declaration Taxation' system at a rate of 20%.
Allow losses within the amount of crypto asset income to be carried forward for deduction (usable within the next three years).
The trading of crypto asset derivatives is also subject to the 'Separate Declaration Taxation' system.
Survey: Brazilians invest 7% to 35% of their assets in cryptocurrencies.
According to Cryptonews, Brazil's top regulatory authority—the Securities and Exchange Commission (CVM)—recently released a survey result showing that more Brazilians are investing, trading, or holding Bitcoin and other cryptocurrencies, with investors allocating 7% to 35% of funds to purchase these tokens. This study was conducted by the CVM in 2023 and surveyed over 700 people's investment behaviors.
Respondents were classified into three types of investors: 'conservative', 'balanced', and 'aggressive'. Conservative investors allocate an average of 7.25% of their savings to cryptocurrencies, while balanced investors put 21% of their financial products portfolio into crypto assets. Aggressive investors are the most optimistic, with crypto assets accounting for as much as 35% of their portfolios.
It is noteworthy that about 50% of respondents consider themselves aggressive investors, indicating that Brazilian investors are enthusiastic about cryptocurrencies. In contrast, conservative investors have a more traditional portfolio, with over 50% being CDBs and RDBs, and they prefer government bonds, with relatively few overseas currencies.
Binance Alpha has announced the fourth batch of project tokens.
According to official news, Binance Alpha has announced the fourth batch of project tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, ODOS.
RootData App has now integrated token distribution and unlocking data to assist efficient investment research and decision-making.
The Web3 asset data platform RootData has launched the V1.2.2 version of its app, integrating token distribution and unlocking data to help investors conduct investment analysis and decision-making more efficiently.
Currently, RootData has integrated token distribution model data for over 1,000 projects and unlocking data for over 200 projects. In the future, RootData will further enrich the number of projects while adding more granular data such as investor cost and full-cycle linear release graphs, and will integrate this data on the PC side.
"What are the important articles worth reading in the past 24 hours?"
Dialogue with 'Meme Wizard' 0xWizard: methods for capturing the next 500 billion-dollar memes.
0xWizard is a Chinese crypto KOL with nearly 200,000 followers on X, known as the 'Meme Wizard'.
Meme can be considered a main theme throughout this bull market cycle, although some people find it emotionally difficult to acknowledge.
"Bravely engage in the second wave of opportunities" is 0xWizard's motto. Considering the market recognition from the bottom up and reflecting on the essence, he believes that although the bull market has begun, on-chain memes are just starting.
"In the future, there could be another 500 meme tokens worth a billion dollars, but it may be hard to see another asset worth 50 billion dollars." 0xWizard stated in an exclusive interview with ChainCatcher. However, the primary and secondary play of memes is completely different; for some high-valuation meme projects about to enter the secondary market, he suggests waiting and observing before accumulating.
In an exclusive interview, 0xWizard shared his methodology for capturing new tracks and narrative judgments, including the 'Bull Market Engine Three Laws' and the essence of tracks, discussing several currently popular AI memes and meme investment experiences.
MegaETH co-founder Shuyao: Ethereum's 'ten thousand years is too long', we only focus on the present | Dialogue with RootData List listed project.
On December 13, the developer of the real-time blockchain MegaETH, Mega Labs, raised $10 million on the renowned angel investment platform Echo, with shares being snapped up within 50 seconds.
As the first 'real-time' Ethereum blockchain, MegaETH received investments from several industry leaders and renowned VCs such as Vitalik Buterin, Joseph Lubin, and Sreeram Kannan, as well as Dragonfly, Figment Capital, Robot Ventures, and Big Brain Holdings in June this year. MegaETH has chosen to forgo opportunities to raise funds from VCs at a higher valuation. MegaETH co-founder Shuyao revealed to ChainCatcher that the new round of financing maintains a valuation of over $100 million, aiming to open the investment window equally to every community participant.
Not playing by the rules is MegaETH's consistent style. While the Ethereum community discusses longevity and AI at Zuzalu, planning for ten thousand years into the future, Shuyao finds that nobody is addressing the most urgent issue at hand: the lack of a sufficiently fast and cheap chain. MegaETH chooses to be an anti-hero, pulling Ethereum out of a ten-thousand-year dream, focusing on the present.
Analyzing Fartcoin's path to a billion dollars: early institutional layout may be the driving force, cold fermentation creates a new MEME king.
Recently, the MEME market seems to have entered a cooling period. As the market and hot money flow toward mainstream coins, there have been no particularly outstanding tokens in the first half of December. Against this backdrop, a MEME coin named Fartcoin has risen against the trend, breaking through $1 billion on December 18, becoming the king of AI agent series MEMEs.
Unlike previous hot topics such as GOAT and Pnut, the rise of Fartcoin seems to lack celebrity endorsements and social trends, making this absurd cultural core difficult for many to understand. This article analyzes the social media popularity of Fartcoin and the top 1000 wallet addresses, attempting to answer how Fartcoin rose from zero to one billion dollars.
Unveiling the South Korean crypto market: 70-year-old aunt queuing to open accounts in a cryptocurrency powerhouse.
Recently, with the surge of 'antique coins' like XRP, the news of 'Korean aunties rushing into the crypto market' has spread again in the community. Meanwhile, the trading volume of related tokens like XRP and APT on South Korean trading platforms like Upbit and Bithumb has even surpassed Binance at times. This means that for these tokens, the trading volume from just the South Korean market is enough to rival the total trading volume of the rest of the world.
For a long time, the crypto community has viewed the listing on Upbit as a significant boon for projects. When a token lists on these South Korean exchanges, its price often skyrockets in a short time. This strong buying power has made the world curious about the 'Kimchi Premium'; how does the South Korean cryptocurrency market operate? What kind of speculation logic do investors here have?
Rhythm interviewed Andy, a member of Frax Finance who has long been involved in crypto development and education in South Korea, to delve into the investment logic and real situation of the South Korean crypto market.
Virtuals Protocol's market cap exceeds $3 billion; which AI projects in the ecosystem are worth paying attention to?
On December 17, the Virtuals Protocol token VIRTUAL broke through 3 USDT, reaching a market cap of $3 billion. The tokens mentioned in last week's Solana AI narrative interpretation (ARC rapid interpretation of a 30 million market cap, understanding the new birth AI token narrative) saw the fastest growth among 'action-oriented' or product-application-based AI tokens.
Meme Popularity List.
According to market data from the meme token tracking and analysis platform GMGN, as of December 20, 19:30:
Top five popular tokens on Ethereum in the past 24h were: PEPU, PEPE, LINK, DOGE, MYSTERY.
Top five popular tokens on Solana in the past 24h were: NOJEETS, GOBLIN, SQUID2, PENGAI, UFD.
Top five popular tokens on Base in the past 24h were: VIRTUAL, BRETT, Fretta, SKI, JESSE.
