24H popular coins
1. CEX popular coins
CEX Trading Volume Top 10 and 24-hour price fluctuations:
BTC: -5.32%
ETH:-6.3%
XRP:-9.7%
SOL:-7.8%
DOGE:-8.81%
PEPE:-13.16%
BNB:-3.76%
SUI:-6.37%
PENGU:+ 22.76%
ADA:-8.37%
24H price increase ranking (data source: OKX):
GEAR:+ 37.19%
UXLINK:+ 27.52%
PENGU:+ 24.47%
VELODROME:+ 9.6%
MOVE:+ 5.77%
MORPHO:+ 4.49%
ZENT:+ 2.7%
CTC:+ 1.52%
DAI:+ 0.05%
2. On-chain popular Meme Top 5 (data source: GMGN):
LI
daige
CATAI
WheelSnake
QBC
3. Today's hot search coins
LI: LI (HhUVk...ump) is a Solana Meme coin. The token was issued by a Chinese artist, Li, who resides in Italy, along with his team, who run a Twitter account that claims to be a decentralized news account with over 1.878 million followers; the token logo features Li's pet cat.
USUAL: Usual is a stablecoin developer that announced yesterday the opening of its token airdrop for claiming and simultaneously launched on Binance Spot trading. USUAL's price peaked at 1.2073 USDT, with a current market cap of 447 million USD.
Headline
The Fed cut rates by 25 basis points and expects to cut rates twice in 2025
The Fed's 2024 annual interest rate decision has concluded, and the bank has decided to lower the benchmark interest rate by 25 basis points to the range of 4.25%-4.50%, marking the third consecutive rate cut, in line with expectations. In this year's eight decisions, the Fed has cumulatively cut rates by 100 basis points, including one 50 basis point cut, two 25 basis point cuts, and five instances of maintaining the rate unchanged.
At the same time, the Fed's dot plot shows that two rate cuts are expected in 2025 (previously projected as four).
Powell: Currently not allowed to own Bitcoin, nor do we wish to change the law
Fed Chair Powell: (when asked about Bitcoin reserves) We are not allowed to own Bitcoin and do not wish to change the law.
The median of the Fed's dot plot: A cumulative cut of 50 basis points is expected in 2025
The Fed's dot plot shows that among 19 officials, 1 believes there should be no rate cuts in 2025, 3 believe there should be a cumulative cut of 25 basis points in 2025, 10 believe there should be a cumulative cut of 50 basis points in 2025, 3 believe there should be a cumulative cut of 75 basis points in 2025, 1 believes there should be a cumulative cut of 100 basis points in 2025, and 1 believes there should be a cumulative cut of 125 basis points in 2025.
Industry news
The Fed expects inflation to reach 2% in 2027
Fed officials now expect inflation to reach 2% in 2027, a delay from the previous estimate of 2026.
The Australian Securities and Investments Commission has sued Binance Australia.
The Australian Securities and Investments Commission (ASIC) has announced legal action against cryptocurrency company Binance Australia, accusing it of failing to protect consumers. Binance Australia had offered cryptocurrency derivatives to 505 Australian retail investors, who were mistakenly considered wholesale clients.
The Hong Kong Securities and Futures Commission has rapidly issued licenses to virtual asset trading platforms.
The Hong Kong Securities and Futures Commission today rapidly issued licenses to four applicants who were considered for licensing as virtual asset trading platforms. The four applicants for virtual asset trading platform licenses are Cloud Account Greater Bay Area Technology (Hong Kong) Limited, DFX Labs Company Limited, Hong Kong Digital Asset Trading Group Limited, and Thousand Whales Technology (BVI) Limited. The Commission is approving the remaining applications using the same rapid licensing process.
Project news
Renzo has opened the third quarter airdrop claim, distributing 4% of REZ to 81,684 addresses.
Renzo officially announced the opening of the third quarter airdrop claim, totaling 400 million REZ to be airdropped, accounting for 4% of the total supply. Users with cumulative points exceeding 1000 during the third quarter activity from July 26 to November 30 will receive the airdrop, totaling 81,684 addresses for the airdrop.
ai16z: Version 0.1 is about to be launched, Eliza will write code independently
According to official news, the ai16z team is about to launch version 0.1 of the GitHub adapter and conduct a POC demonstration on the ai16z Dao repository itself. The agent will use the repository as context to submit to Eliza through the GitHub adapter. From now on, the AI agent will read and reflect independently.
ai16z partner Shaw stated that Eliza will write the code independently, and the team only needs to review and organize it.
Binance Alpha announces the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT
Binance Alpha announces the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT.
Binance Alpha announces the second batch of projects: CKP, GEAR, SD, SYRUP, and Fartcoin
According to official news, Binance Alpha has announced the second batch of projects, which are: CKP, GEAR, SD, SYRUP, and Fartcoin.
Kelp DAO announces KERNEL token economics, with 20% of the total token supply allocated for airdrops
The re-staking project Kelp DAO announced the KERNEL token economics on platform X, with the specific token distribution as follows: -55% for community rewards and airdrops: 20% for airdrops; 35% for future community rewards. -5% for ecosystem and partners. -20% for private placement sales. -20% for team and advisors.
Investment and Financing
Plume completes 20 million USD Series A funding
Plume, a fully modular integrated Layer-1 blockchain focused on real-world asset finance (RWAfi), announced today the completion of a 20 million USD Series A funding round. This round was co-invested by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, and Lightspeed Faction, with participation from Superscrypt, Hashkey, Laser Digital (Nomura Group), A Capital, 280 Capital, SV Angel, Reciprocal Ventures, and other institutions.
Lens developer Avara completes a new funding round of 31 million USD, led by Lightspeed Faction
Avara, the developer behind Aave, Lens, and Family, announced the completion of a new funding round of 31 million USD, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re 7, and Wintermute Ventures, along with a group of angel investors.
Character*Voice
He Yi: BNB Chain ecosystem projects will be key observation targets for Binance Alpha
In today's Binance AMA event, Binance co-founder He Yi stated that launching projects on Binance Alpha does not mean they will necessarily launch on the Binance platform in the future; BNB Chain ecosystem projects will be closely monitored by Binance Alpha, as the BNB Chain ecosystem currently has high traffic and many hot projects.
Arthur Hayes: The market is expected to crash around January 20, and Maelstrom will reduce positions in advance.
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, stated at the end of a recent article that before entering the bear phase of a bull market, the cryptocurrency market will experience a painful crash around January 20, 2025, coinciding with Trump's inauguration. Maelstrom (Arthur Hayes' fund) will reduce certain positions in advance and hopes to buy them back at a lower price sometime in the first half of 2025.
Arthur Hayes added: "If the market forcefully breaks through around January 20, we will also admit our prediction was wrong, and after licking our wounds, we will get back in."
Galaxy Research: With the surge in trading volume, the NFT market is recovering
Galaxy Research reported on Monday that the NFT market is showing signs of recovery. With the U.S. elections and subsequent rebounds in the cryptocurrency market, the NFT market began to recover in November. The report noted that since May, the weekly trading volume of NFTs exceeded 100 million USD for the first time in early November and reached 172 million USD on December 2; this recovery was mainly driven by increased activity of NFTs ranked in the top 25 by market cap, with participation from major market platforms such as OpenSea, Blur, and Magic Eden also increasing.
MicroStrategy co-founder: Will implement new purchasing plans if necessary
MicroStrategy co-founder Michael Saylor: Will implement new purchasing plans if necessary. Refused to comment on whether he would meet with the elected U.S. President Trump. If invited, he would consider serving as a member of the advisory committee.
