Daily Report | RootData List 2024 Annual Rankings Revealed; FTX Sues Binance, Changpeng Zhao Faces $1.8 Billion Recovery Demand; Binance to Launch ACT and PNUT
November 11 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- “DeInsight 2024” Bangkok Annual Summit Held
- Data: BTC Breaks $82,000, Sets New All-Time High
- RootData List 2024 Annual Rankings Officially Announced
- FTX Sues Binance, Zhao Changpeng Faces $1.8 Billion Recovery Demand
- Analysis: Binance Has Launched 15 Memecoin Projects This Year, 80% of Tokens Significantly Increased in Market Value After Launch
- Binance Will Launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) and Add Seed Tags
"What Important Events Happened in the Last 24 Hours"
“DeInsight 2024” Bangkok Annual Summit Held
Hunter, co-founder of Rootdata, delivered the opening speech at the DeInsight conference. He introduced that ChainCatcher is one of the largest media outlets in China, established in 2018, with over 1 million cumulative users. The team members are distributed in Vietnam, Japan, South Korea, Thailand, and other regions, focusing on the Asia-Pacific area; RootData is a Web3 data platform with over 30,000 daily active users. Rootdata provides a wealth of professional and comprehensive data to help cryptocurrency users make better and easier decisions.
Hunter stated, "Organizing the DeInsight conference is an important attempt for us, and we look forward to collaborating with more projects in the future and being able to gather with all of you at the DeInsight summit every year."
Data: BTC Breaks $82,000, Sets New All-Time High
According to OKX market data, BTC reached $82,373, setting a new all-time high with a 24-hour increase of 3.27%.
RootData List 2024 Annual Rankings Officially Announced
At the “DeInsight 2024” annual summit held during the Bangkok Devcon, Hunter, co-founder of the Web3 data platform Rootdata, officially announced the RootData List 2024 annual rankings.
This list is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing influential and innovative key players in the Web3 field and assessing the critical forces driving industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.
The statistics for this list cover the period from October 31, 2023, to October 31, 2024, with five lists published, specifically: Top 50 Projects (TGE Completed), Top 50 Projects (TGE Not Conducted), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.
FTX Sues Binance, Zhao Changpeng Faces $1.8 Billion Recovery Demand
FTX has sued Binance, and former CEO Zhao Changpeng faces a recovery demand of $1.8 billion. In the documents, the plaintiffs claim that Binance, its former CEO Zhao Changpeng, and other Binance executives obtained at least $1.76 billion worth of cryptocurrency through fraudulent transfers from FTX.
The transaction was a buyback agreement reached between Binance and FTX co-founder Sam Bankman-Fried in July 2021, who is currently serving a 25-year prison sentence. In that transfer, Bankman-Fried sold approximately 20% of FTX's international business and 18.4% of its U.S. entity West Realm Shires Services (operating under the name FTX US).
Analysis: Binance Has Launched 15 Memecoin Projects This Year, 80% of Tokens Significantly Increased in Market Value After Launch
On-chain analyst @ai_9684xtpa released a summary of Binance's Memecoin projects launched in 2024: Binance has launched a total of 15 Memecoin projects (including futures and spot) since the beginning of 2024, with 80% of the tokens significantly increasing in market value after being listed on Binance, with NEIRO (in lowercase) even rising by as much as 7594%.
Among the 15 Memecoins launched by Binance this year, over 80% belong to the zoo-themed Meme category. 60% are deployed on the Solana network, 26.7% on the Ethereum mainnet, and the remainder distributed across BSC and Base, aligning with this year's Meme market battlefield, with 73% of the projects launched between August and November. Only 5 were launched on both spot and futures, indicating Binance's relatively cautious attitude towards spot listings.
Currently, all launched Memecoins have surpassed a market value of $100 million, with the highest being WIF ($2.51 billion) and the lowest being NEIRO (in uppercase, $102 million). 80% of the tokens have significantly increased in market value after launch, with NEIRO (in lowercase) rising as much as 7594%, making it the standout performer, while MOG/BOME/MYRO are the only three that have seen a slight decrease in market value after launch.
Data: 6 Hong Kong Virtual Asset ETFs Have a Trading Volume of Approximately HKD 107 Million Today
Hong Kong stock market data shows that as of the close, the trading volume of 6 Hong Kong virtual asset ETFs today is approximately HKD 107 million.
Among them:
The trading volume of Huaxia Bitcoin ETF (3042.HK) is HKD 71.82 million;
The trading volume of Huaxia Ethereum ETF (3046.HK) is HKD 14.55 million;
The trading volume of Harvest Bitcoin ETF (3439.HK) is HKD 12.19 million;
The trading volume of Harvest Ethereum ETF (3179.HK) is HKD 990,000;
The trading volume of Bosera HashKey Bitcoin ETF (3008.HK) is HKD 5.64 million;
The trading volume of Bosera HashKey Ethereum ETF (3009.HK) is HKD 1.44 million.
Binance Will Launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) and Add Seed Tags
According to the official announcement, Binance will launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on November 11, 2024, at 18:00 (UTC+8) and open the following spot trading pairs.
- Spot trading pairs: ACT/USDT, PNUT/USDT
- ACT and PNUT deposit channels are now open
- Withdrawals are expected to open on November 12, 2024, at 18:00 (UTC+8)
Zhu Su: Has Closed Half of Long Positions in ETH and SOL
Zhu Su, co-founder of Three Arrows Capital, posted on X stating that he closed half of his long positions in Ethereum (ETH) as it rose from $2,435 to $3,188, and half of his long positions in SOL as it rose from $158 to $208.
He is once again going long on Meme coins with 3AC, and the earliest treasury stakers have now earned nearly 10 times their investment.
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
RootData: 2024 Web3 Industry Development Research Report and Annual Rankings
With the approval of Bitcoin and Ethereum spot ETFs, the Crypto industry has gained a solid liquidity foundation for long-term development. Overall, the primary market shows a certain lag compared to the secondary market, but the transmission between the two is evident. The primary market in the first three quarters of 2024 showed a trend of initial rise followed by stabilization: Q1 total financing amounted to $2.545 billion (a slight year-on-year increase of 0.76%), Q2 continued to rise to $2.75 billion (a quarter-on-quarter increase of 8.05%), and Q3 slightly adjusted to $2.406 billion, but still showed a significant year-on-year growth of 26.05%.
Another Community Victory? AI MEME Coin ACT Set to Launch on Binance with Over Tenfold Surge, Previously Betrayed by Developers Multiple Times
AI MEME coin Act I: The AI Prophecy (ACT), after experiencing multiple betrayals from its developer (Dev), once fell into a low point but has dramatically turned around. On November 11, Binance announced the launch of ACT and added seed tags, igniting market sentiment, leading to a temporary surge of over tenfold for ACT. This is also one of the few low market cap MEME coins launched by Binance this year.
According to DEX Screener data, as of the time of writing, ACT's intraday peak increase reached 1445.4%, with its market value soaring from over $20 million to a peak of $300 million, and the trading volume in the past 24 hours exceeded $230 million.
Crypto War 33 Years: Started by Biden, Ended by Biden
In the deep autumn of 2024, Washington D.C. Golden maple leaves are slowly falling from the sycamore trees outside the White House, as President Biden stands by the window of the Oval Office, looking at the city he is about to bid farewell to.
Thirty-three years ago, not far away on Capitol Hill, as a senator, he proposed the famous S.266 bill. At that time, he could never have imagined that this seemingly ordinary bill would become the fuse for a "crypto war" lasting over thirty years. Nor could he have imagined that this war would ultimately conclude in the final moments of his presidency with a victory for the cypherpunks.
This is a story of failure and victory, oppression and resistance, centralization and freedom, an epic that spans an entire generation. In this war lasting over thirty years, a group of geeks with mathematical ideals ultimately changed the course of human civilization.
