Crypto Morning Report: Stacks announces the launch of sBTC next week, Coinbase adds PNUT to its listing roadmap.

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1 year ago

MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

Binance Labs announces investment in Solana ecosystem stablecoin infrastructure protocol Perena

Binance Labs announced an investment in Perena's core development team, Quine Co., to support the establishment of the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovations with traditional financial principles.

Perena addresses the fragmentation of the stablecoin ecosystem through its product Numéraire (a multi-token scalable Stableswap without CLMM management) and reduces the capital requirements for issuing new stablecoins. Users can mint stablecoins, earn tokenized real-world asset yields, and utilize a layered collateral debt position system for customized risk-return configurations through the protocol.

The investment from Binance Labs will support the Perena team in scaling, developing a global community, and building a comprehensive suite of stablecoin products on Solana.

Apple launches Siri integrated with ChatGPT

Apple released updates for iPhone, iPad, and Mac software on Wednesday, which included Siri integrated with ChatGPT. This is also a significant victory for OpenAI, as it showcases its most important product to millions of iPhone users.

Stacks announces the launch of sBTC next week

Bitcoin scaling solution Stacks announced on X that it will launch sBTC next week, allowing users to deposit BTC into sBTC and earn BTC rewards through the sBTC reward program.

IntoTheBlock: Over 1.3 million addresses are hoarding Bitcoin between $94,800 and $97,700

IntoTheBlock posted on X that 482,000 addresses have purchased Bitcoin between the current price and $100,000.

However, the real demand zone appears between $94,800 and $97,700, where over 1.3 million addresses are hoarding Bitcoin. This range is a key area of potential support.

Cardano founder: Focus on developing Bitcoin DeFi ecosystem in 2025, demo version expected in May next year

Cardano founder Charles Hoskinson stated that Input Output Global (IOG) will focus on developing the Bitcoin DeFi ecosystem in 2025. The team plans to collaborate with multi-party computation protocol developer Fair Gate Labs, aiming to launch a demo version before the Bitcoin conference in May 2025.

In response to community questions, Hoskinson revealed that the technology developed by Fair Gate Labs will form the basis of BitcoinOS, requiring no additional token issuance, and cross-chain transactions will only use Bitcoin. The project will also collaborate with community projects and wallet service providers to achieve the goal of "awakening the sleeping giant."

MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23

According to Crypto Briefing, MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23, with an official announcement expected on December 13. Bloomberg ETF analyst James Seyffart anticipates that ETFs tracking the Nasdaq 100 Index will purchase approximately $2.1 billion worth of MicroStrategy stock, accounting for about 20% of the company's daily trading volume. The company is expected to become the 40th largest component of the index, with a weight of 0.47%.

Bridgewater founder: Advises investors to stay away from bonds and other debt assets, turn to gold and Bitcoin as "hard currencies"

According to the South China Morning Post, Ray Dalio, founder of the world's largest hedge fund Bridgewater, stated at a financial conference in Abu Dhabi that he advises investors to stay away from debt assets like bonds and turn to "hard currencies" like gold and Bitcoin. Dalio pointed out that debt levels in major economies, except for Germany, have reached "unprecedented" levels, and a debt crisis is inevitable in the coming years, which will lead to a significant devaluation of currency value. He emphasized that debt, currency, and the economy are among the five key forces influencing future developments, along with domestic political order and geopolitical landscape.

OCBC Bank in Singapore to close accounts of overseas users, residence confirmation required by December 15

According to official news, OCBC Bank's Global Personal Banking Services department has sent an email notification to its customers stating that to retain their accounts, they must confirm their residence in Singapore by December 15, 2024.

If OCBC Bank does not receive a response from customers by December 15, 2024, it will have to impose certain restrictions on the accounts (such as allowing only withdrawals and not deposits) and then close the accounts. Once the accounts are closed, any financial arrangements related to the accounts will also be canceled.

Coinbase adds PNUT to its listing roadmap

According to official news, Coinbase has added PNUT to its listing roadmap.

Market Dynamics

Crypto Morning Report: Stacks announces the launch of sBTC next week, Coinbase adds PNUT to its listing roadmap_aicoin_image1

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