24H Hot Coins

1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-Hour Price Change:

• BTC: +4.38%

• ETH: +4.04%

• XRP: +2.9%

• SOL: +3.72%

• DOGE: +4.71%

• BNB: +1.83%

• PEPE: +6.76%

• SUI: +12.23%

• LINK: +2.84%

• ADA: +5.57%

24H Price Increase Ranking (Data Source: OKX):

• VELO: +31.75%

• PRQ: +23.79%

• CETUS: +23.68%

• PRCL: +23.19%

• LOOKS: +22.49%

• FTM: +18.96%

• AUCTION: +17.2%

• STX: +16.96%

• ONDO: +14.76%

• BORA: +14.56%

1. On-Chain Hot Meme Top 5 (Data Source: GMGN):

• CAPA

• OBSIDYX AI

• AQN

• Eidolon

• LAMBROS

1. Today's Trending Coins

• DRUGS: A meme coin on the Solana chain, issued by the Big Pharmai team on daos.fun. Big Pharmai is a community-led decentralized science (DeSci) project aimed at completely disrupting the existing pharmaceutical industry. DRUGS currently has a market cap of $46 million, with a 24H price increase of 88.4%.

• VELO: Ranked first in the OKX 24H price increase list, Velo is a decentralized settlement network designed to enable digital credit issuance and borderless asset transfers for its business partners. VELO currently has a market cap of $263 million.

Headlines

Goldman Sachs: Fed Rate Cut in December is Inevitable, with Consecutive 25 Basis Point Cuts Expected in January and March Next Year

Goldman Sachs believes that a rate cut by the Fed in December is inevitable, followed by consecutive 25 basis point cuts in January and March 2025. However, there are still some variables, as more and more Fed officials indicate that the FOMC may slow down the pace of rate cuts sooner, so there is a risk of pausing rate cuts in the January meeting.

Reports Suggest PENGU Token May Launch Within 48 Hours

According to previously disclosed information from Waleswoosh, an anonymous researcher of the Azuki NFT series registered in the Cayman Islands by OpenSea, it is rumored that the PENGU token may launch within the next 48 hours. Most reports regarding other NFT community airdrops are mostly false, with the airdrop ratio of Pudgy Penguins and Lil Pudgys close to last week's market valuation, but the role of Pudgy Rods has not yet been confirmed.

However, Waleswoosh emphasized that this information is based on sources familiar with the matter, and the official Pudgy Penguins team has not yet confirmed this, so please treat this news with caution. According to OpenSea data, the floor price of Pudgy Penguins has now risen to 34 ETH, up 17% in the past 24 hours.

Peanut Owner Allegedly Files Lawsuit Against Binance for Infringement

Peanut owner @Squirrel_Dad12 posted on X stating: "My legal team has filed a lawsuit against Binance, accusing them of unauthorized use of my intellectual property, including images and stories themed around my beloved animal. This is the first of several cease-and-desist letters. I am committed to protecting my creative works and sending a clear message: unauthorized use of my intellectual property will not be tolerated."

It is important to note that this account may have been hacked (similar to the owner of CHILLGUY).

Industry News

MicroStrategy's Stock Price Up Nearly 500% This Year, May Aim to Join S&P 500 Next Year

MicroStrategy's stock price has risen nearly 500% this year, with a current market cap of approximately $98 billion, far exceeding the value of its 423,650 BTC holdings (valued slightly below $43 billion at current prices). Since September 12, the company has purchased 197,150 BTC, significantly increasing its holdings while raising its cost basis.

Bernstein analysts suggest that after being included in the Nasdaq 100 index, the company may set its sights on being included in the S&P 500 index in 2025. However, due to the lack of profitability in the company's enterprise software business, joining the index may be more challenging. As the Bitcoin strategy has become the company's core activity, the enterprise software business has gradually been sidelined.

Ripple's Chief Legal Officer and Industry Figures Support French Hill as New Chair of the House Financial Services Committee

Previously, crypto supporter and U.S. Congressman French Hill from Arkansas defeated three other competitors to win the position of Chair of the Financial Services Committee. Hill currently serves as the committee's vice chair and heads the subcommittee on digital assets, financial technology, and inclusion, expressing his gratitude for the opportunity to chair the committee.

Hill's appointment has garnered support from leaders and legislators in the crypto industry. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intelligence, growth mindset, and innovative outlook." Ripple's Chief Legal Officer Stuart Alderoty highlighted Hill's potential to promote regulatory transparency for digital assets, stating, "As chair of the digital assets subcommittee, Congressman Hill is ready to lead the charge for regulatory transparency, continuing the momentum from the last Congress on market structure and stablecoin legislation." Others in the cryptocurrency and financial sectors, including the Blockchain Association and the Digital Chamber of Commerce, have also expressed support for Hill's leadership.

European Banking Authority: 17% of EU Banks Plan to Engage in Tokenized Deposits in the Next Two Years

The European Banking Authority (EBA) has released a report on tokenized deposits, stating that from a regulatory perspective, tokenized deposits are fundamentally similar to traditional deposits. The agency plans to analyze existing regulations to determine their adequacy. It noted that due to the limited activity in tokenized deposits so far, there is no urgency to take action. A survey conducted in March identified only two projects without specifying names. According to the EBA's survey, 17% of EU banks plan to engage in tokenized deposits in the next two years.

Project News

Kraken's Blockchain Network Ink Teases Upcoming Mainnet Launch

Kraken's blockchain network Ink has teased on X that its mainnet is about to launch.

Pudgy Penguins' Parent Company Abstract Chain to Launch Mainnet in January Next Year

According to official news, Pudgy Penguins' parent company Igloo's L2 network Abstract Chain has announced that it will launch its mainnet in January next year. Previously, the NFT project Pudgy Penguins' parent company Igloo acquired the on-chain creator economy platform Frame, with transaction terms undisclosed, and the Frame team will now join Igloo.

Arkham Exchange Season 2 Points Now Live, Season 1 Points Claim Date to Be Announced Soon

Arkham has announced the completion of the snapshot for Arkham Exchange Season 1 points, and Season 2 is now live. Season 1 participants will receive a 50% reward based on their points for the season. The Season 1 snapshot also includes points earned by VIPs under the Intel platform referral program, which has now ended. After thoroughly analyzing the snapshot to identify Sybil attackers, farmers, inactive users' referrers, and other accounts attempting to deceive the system, the team will announce the claim process date.

Season 2 participants will earn points by trading on Arkham Exchange and referring new Arkham Exchange users who deposit at least $100.

DEXX: The Platform's Latest Version Now Open for Compensation Claims

DEXX announced on the X platform that the latest version of DEXX is now open for compensation claims. After upgrading to the latest version, users can find the compensation center on their personal page to confirm damaged tokens. If there are any data inquiries, users can contact the online customer service within the app, and DEXX will record and manually verify updates later. Additionally, DEXX has added a red label for risk wallets as a reminder, and mobile users will need to wait for app store approval to download the latest version.

Investment and Financing

Sei Ecosystem Lending Protocol Yei Finance Completes $2 Million Seed Round Financing, Manifold Leads

Decentralized lending protocol Yei Finance has announced the completion of a $2 million seed round financing. This round was led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures, and WOO.

Tokenized Data Platform Inveniam Receives Investment from UAE AI Company G42

According to official news, UAE artificial intelligence company G42 has made an investment in the tokenized data platform Inveniam, with the specific amount not disclosed. To date, Inveniam has raised over $120 million. G42 has 25,000 employees across seven AI subsidiaries, with business operations in sectors such as energy, health, and data centers.

Voices from the Industry

Insider: Microsoft's Rejection of BTC Investment May Be Due to Majority Shareholders Valuing Asset Stability

This week, Microsoft investors voted against a proposal to purchase Bitcoin. Gracy Chen, CEO of cryptocurrency exchange Bitget, stated that this was expected, as most Microsoft shareholders likely value the asset stability of the software giant. She remarked, "Microsoft's investment in Bitcoin could mean facing additional risks, and many invest in Microsoft because it is a predictable good business. Mixing assets like cryptocurrencies into the company's balance sheet could complicate the company's valuation and distract investors from the core business objective of buying its stock."

10x Research: Predicts BTC Could Rise to $120,000 by Trump's Inauguration

10x Research noted in its market analysis that Bitcoin's upward momentum has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing significant capital outflows, greatly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventory is also insufficient. These factors collectively suggest that Bitcoin's price may be boosted. Additionally, based on its trading model indicators, it predicts that by January 20, 2025, during Trump's inauguration, Bitcoin could rise to $120,000.

CryptoQuant CEO: Bitcoin Unlikely to Be Cracked by Quantum Computers in 20 Years

Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that Bitcoin is unlikely to be cracked by quantum computers in this decade—or even in the next decade. He cautioned against being misled by those who do not know what they are talking about and unfounded FUD.

Former Thai Prime Minister Thaksin: Suggests Pilot Use of Bitcoin in Phuket

Former Thai Prime Minister Thaksin Shinawatra stated at a seminar that Trump might repay U.S. debt using Bitcoin, while emphasizing that this is not an encouragement to buy Bitcoin but a reminder that it is a trend. Various cryptocurrencies have already emerged, and some say that the future types of currency will exceed the number of countries. The Thai people must keep up with the times and understand these changes. Thaksin also suggested that the Prime Minister could instruct the Ministry of Finance to study whether Bitcoin could be accepted in Thailand, for example, by piloting its use in Phuket, allowing Bitcoin holders to make payments locally.

Billionaire Chamath Palihapitiya: Approximately 8,000 Google Quantum Chips Needed to Crack SHA-256

Billionaire Chamath Palihapitiya stated in an online meeting that approximately 8,000 Google quantum chips would be needed to crack SHA-256. Earlier today, Chamath Palihapitiya posted on X, stating, "Quantum computing will pose risks to v1 encryption methods, but the timeframe is very unclear and not in the near future."

CZ: Binance Holds a Small Stake in X Platform

CZ, co-founder of Binance, responded to community questions on X, "Can it now be said that Binance owns a stake in the X platform?" To this, CZ stated, "Holds a small stake."

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