Daily Report | NCPPR proposes that Amazon adopt a Bitcoin reserve strategy; Binance HODLer airdrop launches MOVE; Jupiter proposes to airdrop 1.4 billion JUP tokens
Highlights of December 9Organizer: Fairy, ChainCatcher
Important News:
- The National Center for Public Policy Research suggests Amazon consider adopting a Bitcoin reserve strategy
- The Jupiter community passes an airdrop proposal to distribute 700 million JUP tokens over the next two years
- Binance HODLer airdrop launches Movement (MOVE), Binance will list MOVE on December 9
- Argentina's securities regulator announces the approval of foreign investment products related to various crypto ETF opportunities
- Data: The Bhutanese government transfers 406 BTC to QCP Capital, worth approximately $40 million
- CoinShares: Last week, net inflows into digital asset investment products reached $3.85 billion, setting a new record
- The Political Bureau of the Central Committee of the Communist Party of China: Next year, a more proactive fiscal policy and moderately loose monetary policy will be implemented
"What important events occurred in the past 24 hours"
Data: The Bhutanese government transfers 406 BTC to QCP Capital, worth approximately $40 million
According to Onchain Lens monitoring, the Bhutanese government has transferred 406.074 Bitcoins to QCP Capital, valued at $40 million.
The Jupiter community passes an airdrop proposal to distribute 700 million JUP tokens over the next two years
The Solana ecosystem DEX Jupiter community passed a new round of airdrop proposal with an 87% approval rate, distributing 700 million JUP tokens each year for the next two years, totaling 1.4 billion dollars. This proposal includes several adjustments to the original plan, including allocating unclaimed JUP tokens to the ASR (holding incentive) reward pool, prioritizing staked users, and strengthening anti-bot measures.
Voting data shows that out of a total of 360 million votes, approximately 313 million votes supported the proposal. The new plan will focus on actual participants in the ecosystem, considering key indicators such as user holdings, participation, and usage frequency. This proposal marks Jupiter's second attempt to launch a new round of airdrop plans, as the first proposal failed to pass. The voting started on December 4 and will end on December 8.
CoinShares: Last week, net inflows into digital asset investment products reached $3.85 billion, setting a new record
Last week, the weekly inflow of digital asset investment products reached a historical high of $3.85 billion. This brings the total inflow for the year to $41 billion, with total assets under management (AuM) reaching a record high of $165 billion.
Many countries experienced inflows, with the highest being the United States at $3.6 billion, followed by Switzerland, Germany, Canada, and Australia, with inflows of $160 million, $116 million, $14 million, and $10 million, respectively.
Ethereum's weekly inflow reached a historical high of $1.2 billion, while Solana's outflow reached $14 million. Blockchain stocks saw inflows of $124 million, the largest since January of this year.
Binance HODLer airdrop launches Movement (MOVE), Binance will list MOVE on December 9
Binance announced the third project on the Binance HODLer airdrop, Movement (MOVE), which is the first Move-EVM L2 on Ethereum.
The MOVE HODLer airdrop page is expected to go live in 5 hours, and the new tokens will be distributed to users' spot wallets one hour before trading begins.
Additionally, Binance will list MOVE on December 9 at 13:00 (UTC) and open trading pairs MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD, and MOVE/TRY. After six months of spot listing, an additional 5% of the total token supply will be allocated to Launchpool.
Bithumb lists MOVE KRW trading pair
Bithumb has listed the MOVE KRW trading pair. Trading is expected to start on December 9 at 9:00 PM local time.
Upbit will list Movement (MOVE)
According to the official announcement, Upbit will list MOVE KRW, BTC, and USDT trading pairs.
The Political Bureau of the Central Committee of the Communist Party of China: Next year, a more proactive fiscal policy and moderately loose monetary policy will be implemented
According to Caixin, the Political Bureau of the Central Committee of the Communist Party of China held a meeting today to deploy economic work for next year.
The meeting emphasized the need to maintain stability while seeking progress, implement a more proactive fiscal policy and moderately loose monetary policy, strengthen extraordinary counter-cyclical adjustments, and improve the foresight and effectiveness of macro-control. The meeting proposed to boost consumption, improve investment efficiency, and expand domestic demand; promote the construction of a modern industrial system through technological innovation; deepen economic system reforms and implement landmark measures; expand high-level opening up to stabilize foreign trade and foreign investment.
At the same time, it is necessary to effectively prevent and resolve risks in key areas, consolidate poverty alleviation achievements, promote new urbanization and rural revitalization, and facilitate integrated urban-rural development. The meeting also emphasized increasing the implementation of regional strategies, promoting green transformation and development, and strengthening social welfare to enhance people's sense of gain and happiness.
South Korean president restricted from leaving the country, South Korean stock market continues to decline
According to Yonhap News, the head of the South Korean high-ranking officials' corruption investigation office has ordered a travel ban on South Korean President Yoon Suk-yeol.
On the other hand, the KOSDAQ index fell sharply by 5%, while the KOSPI index's decline expanded to 2.6%.
Zilliqa network experiences block interruption due to technical issues, now fully operational again
Public chain Zilliqa tweeted that its network has resumed full operation, thanking the community for their understanding and patience.
Earlier, Zilliqa reported around 1:00 AM today that the network encountered technical issues leading to block interruptions, but funds are safe.
Binance responds to USUAL and ACX market cap data errors: has contacted project parties to update CMC data and will improve information verification processes
Binance stated: "We have noticed recent community discussions regarding the supply data of USUAL and ACX tokens and conducted an internal investigation immediately. The specific cause of the incident is as follows: Binance's display of token circulation information related to projects on the 'trading page' and 'price page' directly adopts data from CoinMarketCap (CMC). Therefore, according to past processes, when the project's data is not updated, the data on CMC and Binance's pages will also be affected.
Regarding ACX: On December 6, the Binance team discovered that ACX's circulation data was incorrect and immediately contacted the project party to correct the data on CMC; regarding USUAL: the change in token supply information is mainly due to different standards between CMC and the project party regarding the definition of liquidity and how to reference data. After discussions, the project party has also completed corrections on CMC. As mentioned above, we have clarified the root cause of the problem and conducted post-analysis. In the future, we will strive to improve the collaboration and processes between project parties, CMC, and Binance regarding the display of token circulation and other related information, so that key information about tokens can be verified as quickly as possible before the token launch, ensuring the accuracy of information and avoiding similar issues."
Previously, users on platform X stated: "The reason for USUAL's pump is that the token's original total supply was displayed as 4 billion, and now it has been changed directly to 338 million, which is equivalent to full circulation; the reason for ACX's dump is that the token's circulation was displayed as 138 million when it was launched, and then it was directly changed to 332 million, causing the circulating market cap to increase by 2.5 times."
The National Center for Public Policy Research suggests Amazon consider adopting a Bitcoin reserve strategy
Tim Kotzman, founder and CEO of Jubilee Royalty, posted on X that the National Center for Public Policy Research (NCPPR) has submitted a shareholder proposal document to Amazon for consideration at the 2025 annual shareholder meeting.
The proposal suggests that Amazon discuss whether to include Bitcoin in its financial reserve strategy and recommends investing at least 5% of total assets. Currently, the SEC's official website does not list relevant documents, and Tim stated that this proxy statement will be released in April 2025.
Argentina's securities regulator announces the approval of foreign investment products related to various crypto ETF opportunities
According to Bitcoin.com, Argentina's securities regulator CNV announced a market-wide initiative allowing foreign investment products related to various cryptocurrency ETF opportunities (including Ethereum and Bitcoin, gold, etc.) to enter the market. Roberto Silva, chairman of the Argentine securities regulator, emphasized: "Through these measures, we are elevating Argentina to the standards of the most developed markets internationally."
"What are some interesting articles worth reading in the past 24 hours"
Animoca Brands Research: How has the win-win situation between Telegram and TON formed over the past year?
September 2023, the TON Foundation and Telegram announced a strategic partnership aimed at bringing 30% of Telegram's active users into the TON ecosystem by 2028. As an infrastructure layer, TON has leveraged Telegram Mini-App to cover and attract Telegram's vast user base.
The success of Notcoin has paved the way for activating Mini-App users through social gaming. Subsequently, users gradually engaged with cryptocurrencies through game tokens and meme coin airdrops. To support this growth, the foundation utilized TON Grants, The Open League, and offline events to achieve its goals.
By July 2024, the monthly active users (MAU) of Telegram Mini Apps reached 500 million, driving Telegram's overall MAU to a new high of 950 million. As of October, 30 million users have successfully entered the cryptocurrency space.
The high interaction rate of Telegram Mini Apps not only enhanced user engagement on the Telegram platform but also significantly increased platform revenue, particularly boosting premium account subscriptions and the exclusive use of Toncoin in the advertising platform. Telegram is expected to achieve its first profitable year in 2024, with annual revenue potentially reaching $1 billion.
To further accelerate the growth of the ecosystem, the TON Foundation is transitioning from a centralized governance model to a community-driven funding allocation model through "Society DAO." This shift aims to promote more development and innovation within the ecosystem.
a16z: Where does the U.S. government's crackdown on crypto come from? Which agencies are involved?
Marc Andreessen, co-founder of a16z, revealed during his appearance on the Joe Rogan podcast on November 28 that 30 tech founders had their bank accounts closed by U.S. banks due to crypto-related issues. In response, a16z crypto published an editorial on December 6 discussing "Debanking: What you need to know." The full text is as follows:
"Debanking" (closing bank accounts) has been happening behind the scenes for years, but it has resurfaced as a public discussion topic, with many individuals, policymakers, companies, and the most important entrepreneurs for U.S. innovation speaking out on the issue. As the cryptocurrency industry and specific institutions repeatedly appear in this discussion, here is a brief explanation of this phenomenon to help distinguish signal from noise.
36 hours later, Microsoft, holding $78.4 billion, will decide whether to invest in BTC
On December 10 at 8:30 AM PST (December 11 at 12:30 AM Beijing time), Microsoft will advance a significant shareholder proposal regarding Bitcoin—specifically, to assess whether incorporating Bitcoin into its balance sheet aligns with the long-term interests of shareholders. With BTC hovering around $100,000, this vote is widely regarded by the market as another key event influencing cryptocurrency market trends this week, alongside the CPI and the situation in South Korea.
