Fox News: Trump is considering appointing Perianne Boring as the chair of the U.S. CFTC.
Insiders: Trump has nominated Paul Atkins, a supporter of crypto, as the chair of the U.S. SEC.
According to Unchained Crypto, the elected president of the United States, Donald Trump, has nominated Paul Atkins, a supporter of the crypto industry, as the chair of the U.S. Securities and Exchange Commission (SEC). It is reported that Atkins is the first libertarian to serve as an SEC commissioner during the Bush administration and has long supported the cryptocurrency industry. Insiders say that Trump has engaged with Atkins, but he is yet to formally accept the nomination.
Atkins, as an alternative candidate, needs to be confirmed by the Senate; otherwise, Trump may appoint him directly during the Senate recess. Atkins co-founded the Token Alliance in 2017, focusing on cryptocurrency policy, and has been providing compliance consulting for digital financial enterprises for a long time. According to people familiar with Atkins's thoughts, this position is not very attractive to him as it requires a lot of work to turn around this bloated institution and would require him to resign from his existing commercial positions.
The South Korean military command issued the first martial law order.
The South Korean military command issued the first martial law order, announcing that starting from 23:00 on December 3, 2024, the following matters will be announced throughout South Korea: 1. Prohibition of activities and political gatherings of the National Assembly, local councils, and political parties, including protests and demonstrations. 2. Prohibition of all actions that deny the liberal democratic system or attempt to subvert it, as well as fake news, fabricated public opinion, and false incitement. 3. All speech and publications will be controlled by the martial law command. 4. Strikes, work stoppages, or gatherings that cause social chaos are prohibited. 5. All medical personnel, including interns and resident doctors, who are currently on strike or leaving their posts must return to work within 48 hours; violations will be subject to penalties under martial law. 6. Ordinary citizens will have minimal inconveniences in daily life, except for actions related to anti-state forces and other subversive elements. Those who violate the above martial law may be arrested, detained, or searched without a warrant and punished according to Article 9 of the Martial Law Act of the Republic of Korea (special measures by the martial law commander).
The South Korean National Assembly passed the request to lift the martial law.
The South Korean National Assembly held an emergency meeting in the early hours of December 4, voting on the 'request to lift the emergency martial law.' 190 members attended the meeting, with 170 voting in favor, and the Speaker of the National Assembly, Yoo Won-sik, subsequently declared the emergency martial law invalid.
The Chief of Staff and Chief Secretary of the South Korean presidential office collectively resigned.
According to CCTV reports, on December 4 local time, the Chief of Staff and Chief Secretary of the South Korean presidential office collectively resigned. According to Yonhap News Agency: An aide to South Korean President Yoon Suk-yeol has resigned. Market news indicates that South Korean Finance Minister Choi Sang-mok will hold a ministerial meeting at 10 a.m. local time (9 a.m. Beijing time).
The ruling party in South Korea may demand Yoon Suk-yeol to resign from the party and propose the resignation of the entire cabinet and the dismissal of the defense minister.
South Korean regulators are ready to deploy a 10 trillion won stock market stabilization fund at any time.
South Korea's largest opposition party: If Yoon Suk-yeol does not resign immediately, impeachment procedures will be initiated.
Upbit: Service temporarily delayed due to increased traffic.
South Korean crypto exchange Upbit announced that currently, the Upbit application (Android, iOS) and Open API services are experiencing delays due to temporarily increased traffic.
According to on-chain analyst @ai_9684xtpa, influenced by the emergency martial law announcement late at night in South Korea, the Korean crypto market collectively plummeted, with Upbit's BTC directly dropping by 30% to a low of $66,500, while XRP saw even more dramatic fluctuations, dropping 60% from $2.9 to $1.16.
Safe launched 'Safenet', supporting users in managing assets across multiple blockchains.
The Blast community's new proposal suggests using the annual revenue of $36 million to buy back BLAST tokens.
The community of Ethereum Layer 2 network Blast has released a proposal titled 'Buyback BLAST tokens and gain profits,' stating that Blast has a narrative problem that needs to be addressed by focusing on price; it proposes to convert revenues into BLAST tokens through buybacks. Depositors will retain the full value of their earnings: they will not receive ETH or USDB but will immediately receive liquid BLAST tokens. This proposal will result in an annual buying pressure of $36 million for the $BLAST token. This proposal will also make it more effective for users to obtain and participate in activities, thereby recalling users/builders and initiating another growth flywheel, laying the foundation for the release of mobile applications.
The proposal indicates that currently, there are $1.2 billion in revenue assets on Blast L2. The conservative estimate for the annual yield is 3%, generating $36 million annually, which can be used to purchase BLAST on the open market, equivalent to a daily bid of about $100,000. Based on current prices, this bid would cause the price to fluctuate +4.8% daily.
Coinbase International will launch Morpho perpetual futures contracts.
Coinbase International announced on X platform that it will add support for Morpho perpetual futures contracts on Coinbase International and Coinbase Advanced, with the MORPHO-PERP market expected to open at or after 17:30 Beijing time on December 5, 2024.
Coinbase listed MOG Coin (MOG) on its coin listing roadmap.
Namada launched its mainnet and token airdrop.
According to The Block, the privacy-focused Layer 1 blockchain Namada has officially launched its mainnet and activated the network's genesis block. This marks the first phase of its decentralized mainnet launch, involving staking and governance. The organization developing the project, Anoma Foundation, has proposed the initial mainnet software and genesis balance. The foundation clarified that it does not operate validators, thus the Namada community retains full control. This release includes user airdrops. Eligible wallets will receive NAM tokens today, which they can immediately use for staking and governance. The transferability of tokens will be activated in Phase 5, expected to be completed within a few months.
This issuance will be accompanied by the issuance of the native token, with a total supply of 1 billion NAM tokens. The Anoma Foundation has proposed an initial genesis distribution plan without a lock-up period, to be allocated among community members, early contributors, and future development plans. The launch of the genesis mainnet will be divided into five phases, each driven by community decisions through on-chain governance.
Former Celsius CEO Alex Mashinsky admitted to two criminal charges in a New York court.
According to multiple reports cited by The Block, former Celsius CEO Alex Mashinsky has pleaded guilty in a New York court, admitting to two charges, including commodity fraud and a fraudulent scheme to manipulate the price of Celsius's native token. These charges may lead to a potential sentence of up to 20 years in prison.
Grayscale applied to convert the Solana trust fund into an ETF.
The Ethereum Foundation announced the Q3 funding project list, with a total funding amount of $12.8488 million.
The Ethereum Foundation released the Q3 funding project update report for 2024. The report shows that the total funding amount for the third quarter reached $12.8488 million, covering various fields including community education, consensus layer, cryptography and zero-knowledge proofs, developer experience and tools, execution layer, and Layer 2. Among them, community education projects accounted for the largest share, including the EEA Industry Day conference held in Bangkok, Thailand, the ETH Pura Vida conference and hackathon held in San Jose, Costa Rica.
In the technical field, the foundation continues to support the development of consensus layer clients such as Lighthouse, Nimbus, Grandine, and upgrades and maintenance of development tools like Web3.js and OpenZeppelin account abstraction contracts. Additionally, the report indicates that the foundation has provided funding for several zero-knowledge proof-related research projects.
OpenAI appointed former Coinbase CMO Kate Rouch as its first Chief Marketing Officer.
Ripple will donate 1% of its profits to charity.
Everclear will migrate the NEXT token to CLEAR on December 6 and launch a brand new token economics model.
The intent-based cross-chain bridge clearing layer Everclear has passed an important proposal to migrate the NEXT token to CLEAR. According to the announcement, this migration will start at 21:00 on December 6 and will coincide with the launch of a three-month first-quarter reward plan, with a total reward pool containing 6.25 million CLEAR tokens.
Of these, 1.75 million CLEAR will be allocated to vbCLEAR stakers, and 4.5 million will be used to incentivize solvers. In terms of migration, NEXT holders on the L2 network will automatically upgrade to CLEAR, while NEXT holders on the Ethereum mainnet will need to manually migrate at a 1:1 ratio. The newly launched voting binding system allows users to lock CLEAR for up to two years to obtain vbCLEAR, participate in governance, and receive protocol revenue sharing.
The mining company Foundry cut about 60% of its workforce, reducing the total number of employees from 250 to about 80 to 90.
SynFutures announced the airdrop rules for its F token, which will open for claims on December 6.
Magic Eden has officially supported Sei ecosystem NFT trading.
TRON (TRX) fell back after reaching $0.45, with the coin price hitting a historical high.
The crypto AI company GAIB completed $5 million in Pre-Seed funding, led by Hack VC.
The digital financial platform Brighty, which supports crypto card payments, has completed $10 million in funding.
Pantera Capital raised $20 million for investments related to the Telegram-associated blockchain TON.
According to DL News, based on documents submitted to the U.S. Securities and Exchange Commission on Monday, the crypto hedge fund and venture capital firm Pantera Capital has raised $20 million to invest in TON's cryptocurrency Toncoin. According to the documents, the venture capital firm raised funds from at least 29 investors through two different funds. The first formal sales of these two funds were conducted in July.
Pantera Capital began contacting investors in June. The minimum investment amount for participation was $250,000. The two new funds set up by Pantera Capital for Toncoin are built on the early investment foundation announced in May for the cryptocurrency associated with Telegram. The company stated that this investment is the 'largest' in its 21-year history, but did not disclose the specific size.
BNB rose over 19% to $765 per coin today, with the coin price hitting a historical high.
Pump.Fun deposited an additional 100,000 SOL into Kraken, with total earnings reaching $380 million.
This morning, Pump.Fun transferred 100,000 SOL to Kraken, valued at approximately $23.72 million. Pump.Fun has cumulatively deposited 998,869 SOL into Kraken, worth about $238 million. Notably, Pump.Fun's total earnings have reached 1,595,278 SOL, approximately $380 million at current prices.
Data: The balance of Bitcoin on exchanges continues to decline to 2.312 million BTC.
According to statistics from HODL15Capital, the balance of Bitcoin on exchanges continues to decline, with the total balance of major exchanges currently around 2.312 million BTC. In the past month, it has decreased by 116,200 BTC, with a total decrease of 315,800 BTC since the beginning of 2024, a drop of 12.8%.
Specifically, Coinbase saw the largest decrease in balance, with 38,311 BTC flowing out over the past 30 days, totaling 281,840 BTC since the beginning of the year; Binance saw a decrease of 29,369 BTC over the past 30 days, with a total outflow of 6,860 BTC for the year. Notably, OKX is the only exchange that has seen growth, adding 33,834 BTC since the beginning of the year.
A dormant Bitcoin whale transferred 2,700 BTC to two new wallets 9 hours ago.
According to Onchain Lens, a dormant Bitcoin whale that had been inactive for 11 years became active again 9 hours ago, transferring 2,700 BTC to two new wallets. These BTC are currently worth approximately $259 million, while when purchased in 2013, they were worth only $1.68 million when Bitcoin was priced at $625.84.
