Crypto Morning Report: Bitcoin sets the longest seven-week winning streak since 2021, OpenSea's registered foundation sparks airdrop speculation.

CN
1 year ago

Vana mainnet will launch on December 16 at 17:00.

Author: Deep Tide TechFlow

Market Dynamics

Bitcoin sets record for longest seven-week consecutive rise since 2021

According to Bloomberg, Bitcoin's price has continued to rise since Trump won the U.S. presidential election on November 5, setting a record for the longest seven-week consecutive rise since 2021. Data shows that U.S. Bitcoin spot ETF products attracted a net inflow of $12.2 billion during this period, while Ethereum ETF products also gained a net inflow of $2.8 billion.

Aya Kantorovich, co-founder of institutional crypto platform August, analyzed that market participants are optimistic about Trump's support for digital assets and his commitment to making the U.S. a dominant force in the global crypto industry, which is directly reflected in the strong demand from institutional investors for crypto ETF products.

Bitwise releases top 10 predictions for the crypto market in 2025: Bitcoin to break $200,000, AI agent coins to lead meme coin frenzy

Ryan Rasmussen, research director at Bitwise, posted the top 10 predictions for crypto in 2025 on social media, including:

  1. Bitcoin, Ethereum, and Solana will reach new highs, with Bitcoin's price breaking $200,000;

  2. Bitcoin ETFs will attract more capital inflow in 2025 than in 2024;

  3. Coinbase will surpass Charles Schwab to become the world's most valuable brokerage, with stock prices exceeding $700;

  4. 2025 will be the "Year of Cryptocurrency IPOs," with at least five crypto unicorns going public in the U.S.;

  5. Tokens launched by AI agents will lead to a meme coin frenzy larger than in 2024;

  6. The number of countries holding Bitcoin will double;

  7. Coinbase will be included in the S&P 500 index, and MicroStrategy will be included in the Nasdaq 100 index (already achieved);

  8. The U.S. Department of Labor will relax guidance on cryptocurrencies in 401(k) plans (i.e., pensions), allowing billions to flow into crypto assets;

  9. The U.S. will pass stablecoin legislation, with stablecoin AUM doubling to $40 billion;

  10. The value of tokenized RWA will exceed $50 billion.

MICROSTRATEGY included in the Nasdaq 100 index

MicroStrategy (MSTR) has been included in the Nasdaq 100 index.

VanEck releases top 10 predictions for the crypto market in 2025, crypto bull market to reach mid-term peak in Q1

On December 14, Bitcoin Magazine revealed on the X platform that asset management giant VanEck released its top 10 cryptocurrency predictions for 2025, as follows:

  1. The cryptocurrency bull market will reach a mid-term peak in Q1 and set new highs in Q4;

  2. The U.S. will establish a Bitcoin strategic reserve, increasing cryptocurrency adoption;

  3. The size of tokenized securities will exceed $50 billion;

  4. Daily trading volume of stablecoins will reach $300 billion;

  5. The number of active on-chain AI agents will exceed 1 million;

  6. Bitcoin Layer-2 TVL will reach 100,000 BTC;

  7. Ethereum blob space will generate $1 billion in fee revenue;

  8. DeFi TVL will reach $200 billion, with DEX trading volume reaching $4 trillion;

  9. The NFT market will recover, with trading volume reaching $30 billion;

  10. DApp tokens will narrow the performance gap with L1 tokens.

Influencer squirrel Peanut's owner sends a cease and desist letter to Binance, demanding cessation of use of PNUT-related IP

Mark Longo (@Squirrel_Dad12), the owner of influencer squirrel Peanut, stated that he has sent a cease and desist letter to Binance through his law firm. The letter points out that Binance has used multiple intellectual properties, including the PNUT trademark and the cowboy hat-wearing squirrel image, without authorization.

According to the letter, Longo has been using the PNUT-related trademark in the U.S. since April 2017, primarily for educational and charitable projects related to animal protection, wildlife, and nature conservation. If the infringement is proven to be willful, the compensation amount could be as high as $150,000 per infringement. The lawyer demands that Binance respond and cease all infringing activities by December 31.

Trump family's crypto project World Liberty purchases $250,000 ONDO

According to Arkham monitoring, at 6:51 AM Beijing time, Trump family's crypto project World Liberty spent 250,000 USDC to purchase 134,216 ONDO through Cow Protocol. So far this month, World Liberty has bought:

Spent 30 million USDC to buy 8,105 ETH;

Spent 10 million USDC to buy 103 cbBTC;

Spent 2 million USDC to buy 78,387 LINK;

Spent 1.91 million USDC to buy 6,137 AAVE;

Spent 500,000 USDC to buy 509,955 ENA;

Spent 250,000 USDC to buy 134,216 ONDO.

OpenSea registers foundation, sparking airdrop speculation, new version to launch this month

Yesterday, TheBlock co-founder Mike Dudas revealed on social media that OpenSea has registered a foundation in the Cayman Islands, and an anonymous researcher from the Azuki NFT series, Waleswoosh, also released a screenshot of OpenSea's registration in the Cayman Islands. Typically, Web3 projects register foundations in preparation for token issuance, leading to speculation about an upcoming token and user airdrops.

On November 4, OpenSea co-founder and CEO Devin Finzer announced that the NFT marketplace is planning a comeback and promised that the revamped OpenSea will launch in December. Golem, the community manager of Matter Labs, expressed hope that OpenSea would reward its early users and stated that OpenSea has the opportunity to reverse its current competitive disadvantage in the NFT market. Community users generally speculate that OpenSea may follow the practices of competitors like Blur and Magic Eden by issuing tokens to incentivize users.

Pudgy Penguins parent company’s L2 network Abstract Chain to launch mainnet in January next year

According to official news, the Layer 2 network Abstract Chain, designed for on-chain culture and community, will launch its mainnet in January next year.

Previous news, the parent company of the NFT project Pudgy Penguins, Igloo Inc., has acquired the on-chain creator economy platform Frame, with the aim of developing a Layer 2 network Abstract Chain specifically designed for on-chain culture and community.

Vana mainnet will launch on December 16 at 17:00

On December 14, the decentralized AI data liquidity network Vana announced that its mainnet will launch on December 16 (Monday) at 17:00 Beijing time. Trading of the VANA token will open at 18:00 Beijing time.

This week ARB, APE, IMX, and other tokens will see large unlocks, ARB unlock valued at approximately $95.7 million

According to Token Unlocks data, tokens such as ARB, APE, and IMX will see large unlocks this week, including:

  • Arbitrum (ARB) will unlock approximately $95.7 million (about 9.265 million tokens) at 21:00 Beijing time on December 16, accounting for 2.26% of the circulating supply;

  • Echelon Prime (PRIME) will unlock approximately $11.18 million (about 750,000 tokens) at 8:00 Beijing time on December 17, accounting for 1.46% of the circulating supply;

  • ApeCoin (APE) will unlock approximately $25.27 million (about 15.6 million tokens) at 20:30 Beijing time on December 17, accounting for 2.16% of the circulating supply;

  • Eigenlayer (EIGEN) will unlock approximately $6.64 million (about 1.29 million tokens) at 3:00 Beijing time on December 18, accounting for 0.61% of the circulating supply;

  • QuantixAI (QAI) will unlock approximately $22.36 million (about 232,000 tokens) at 8:00 Beijing time on December 18, accounting for 5.16% of the circulating supply;

  • Ethena (ENA) will unlock approximately $16.6 million (about 1.286 million tokens) at 15:00 Beijing time on December 18, accounting for 0.44% of the circulating supply;

  • Cardano (ADA) will unlock approximately $20.57 million (about 1.853 million tokens) at 8:00 Beijing time on December 21, accounting for 0.05% of the circulating supply;

  • Immutable (IMX) will unlock approximately $46.58 million worth of tokens at 8:00 Beijing time on December 21, accounting for 1.45% of the circulating supply.

Market Dynamics

Recommended Reading

Editor’s AI Agent Alpha Methodology: Taking Max and Alchemist AI as Examples, Why is the "Platform + Market" Combination More Popular?

This article mainly analyzes the current status and classification characteristics of projects in the recently emerging AI Agent field. It points out that the AI Agent track is undergoing differentiation, with two main types: specialized AI Agent applications and projects that provide platforms/frameworks for creating AI Agents.

The former focuses on solving specific problems or having a particular style, while the latter emphasizes providing users with an environment to build AI Agents, empowering the platform's native token and creating value.

The author suggests that when choosing AI Agent-related projects, one should pay attention to platform-type projects that continuously output content and create assets, as their narratives tend to be more enduring and have a higher potential to attract funding.

The article focuses on analyzing two projects, MAX and Alchemist AI, both of which adopt a "platform + market" combination model, where an AI Agent serves as the front-end entry point, supported by the platform; at the same time, they have established an app store and value exchange mechanism within the platform, reflecting new trends in industry development.

Artrade: A Bridge Connecting Real Art and Blockchain

Artrade is an innovative art market platform based on the Solana blockchain, dedicated to reshaping the way art is purchased, traded, and experienced. By transforming physical artworks into real-world assets (RWA), it injects new vitality into the art industry through blockchain technology.

Binance Research November Market Review: Crypto Total Market Cap Hits New High of $3.4 Trillion, Altcoins Experience Collective Recovery

The crypto market set a new record in November 2024. The total market cap soared to a historic high of $3.47 trillion, primarily due to significant inflows from Bitcoin and institutional funds. At the same time, altcoins also generally experienced a recovery. Additionally, the DeFi and NFT markets showed strong development momentum.

a16z: Stablecoins Will Reshape the Trillion-Dollar Payment Industry

The article discusses how stablecoins will reshape the trillion-dollar payment industry. The author believes that stablecoins can provide lower fees, more competition among payment service providers, and broader accessibility, leading to significant profit increases for many businesses. The adoption of stablecoins will be driven by three major trends: improving user guidance, increasing shared incentives for businesses, and enhancing regulatory transparency, which will encourage broader consumer usage.

How to Find Your Wealth Code in the Booming AI Narrative

This article mainly explores how to find valuable investment opportunities amid the AI boom. It suggests focusing on projects with strong fundamentals rather than just chasing popular concept coins. It is also important to maintain a certain level of liquidity to capture emerging trends; accumulate trading experience to form a systematic recognition and investment strategy; and pay attention to the long-term growth potential of the entire industry rather than being limited to individual projects. In summary, one should view cryptocurrency investment from a long-term perspective rather than short-term speculation.

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