Daily Report | Upbit and Binance will list Magic Eden (ME); South Korean National Assembly approves delay in cryptocurrency tax collection; this morning, altcoins fell sharply by 20% with extreme spikes
December 10 News Overview整理：Fairy，ChainCatcher
Important News:
- Upbit will list Magic Eden (ME)
- Binance will list Magic Eden (ME) and apply seed tags
- Data: Ethereum Foundation sold 100 ETH
- Musk frequently retweets PEPE-related tweets today, promoting Grok's rapid meme image creation feature
- Web3 banking service provider Klickl completes $25 million Series A funding, led by Aptos Labs and others
- South Korean National Assembly approves postponement of cryptocurrency tax collection
- Binance Pool launches Luckycoin (LKY) joint mining
- Altcoins drop 20% in extreme spike, mainstream CEX contract funding rates cool down across the board
- Bitcoin mining company Arkon Energy's Nscale raises $155 million, led by Sandton Capital Partners
"What important events happened in the past 24 hours"
DWF Labs announces the establishment of a $20 million fund to support autonomous AI agent development
Cryptocurrency market maker and investment firm DWF Labs announced the establishment of a $20 million special fund focused on the development of Web3 autonomous AI agent solutions. The fund will provide selected projects with up to $100,000 in cloud service credits, as well as strategic consulting and support for blockchain ecosystem integration.
DWF Labs Managing Partner Andrei Grachev stated that autonomous AI agents will reshape the technology interaction model between businesses and individuals, from automating complex decisions to creating new economic opportunities. The fund will focus on assessing the innovative potential and actual impact of projects in finance, logistics, entertainment, and governance.
Bithumb will list Magic Eden (ME) and SynFutures (F)
South Korean cryptocurrency exchange Bithumb announced it will list the Korean won trading pairs for Magic Eden (ME) and SynFutures (F).
Upbit will list Magic Eden (ME)
South Korean cryptocurrency exchange Upbit announced it will list trading for Magic Eden (ME) tokens, supporting three trading pairs: KRW, BTC, and USDT. ME tokens will open for deposits and withdrawals on December 10 at 23:00 (KST), with specific trading opening times to be announced one hour in advance once liquidity is sufficient.
Binance will list Magic Eden (ME) and apply seed tags
Binance will list Magic Eden (ME) and open spot trading pairs on December 10, 2024, at 23:00 (UTC+8).
New spot trading pairs: ME/BTC, ME/USDT, ME/FDUSD, and ME/TRY.
Withdrawals will open on December 11, 2024, at 23:00 (UTC+8).
Data: Ethereum Foundation sold 100 ETH
According to Ember monitoring, five minutes ago, the Ethereum Foundation's address 0xd77…1f4, used for small high-frequency ETH sales, sold 100 ETH at a price of $3,743, converting it into 374,300 DAI.
The last time the Ethereum Foundation sold ETH was 27 days ago.
Musk frequently retweets PEPE-related tweets today, promoting Grok's rapid meme image creation feature
Musk frequently retweeted and commented on PEPE-related tweets today, changing his pinned tweet, and stated, "Meme image generation is an outstanding feature, using xAI's AI model Grok to create amazing meme images super quickly, just by clicking on the box with a slash. Users can upload any image to Grok, including meme images, and it will explain their meanings."
It is reported that in addition to PEPE-related tweets, Musk also retweeted several images generated by Grok, including Super Mario, Bill Gates driving a Tesla, and Rubeus Hagrid from Harry Potter.
Web3 banking service provider Klickl completes $25 million Series A funding, led by Aptos Labs and others
According to Chainwire, UAE-based Web3 banking service provider Klickl International announced the completion of $25 million in Series A funding, with a valuation of $125 million. This round of funding was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, and others.
According to RootData, Klickl is a global virtual asset service provider offering spot and futures trading, fiat OTC, B2B institutional solutions, payments, wallets, custody, and wealth management services. Klickl has received principle approval (IPA) for a financial services license (FSP) from the Abu Dhabi Global Market (ADGM), allowing it to operate as a brokerage and provide digital asset custody services.
South Korean National Assembly approves postponement of cryptocurrency tax collection
According to Aggr News, the South Korean National Assembly approved the postponement of cryptocurrency tax collection.
Binance Pool launches Luckycoin (LKY) joint mining
According to an official announcement, Binance Pool has officially launched joint mining for Luckycoin (LKY). Mine Litecoin (LTC) and earn LTC, Dogecoin (DOGE), Bellscoin (BEL), and Luckycoin (LKY). Enjoy zero pool fees during this period.
Event period: December 10, 2024, 00:00 (UTC) - December 31, 2024, 23:59 (UTC)
Microstrategy co-founder: will continue to buy even if Bitcoin price reaches $1 million
Microstrategy co-founder and former CEO Michael Saylor stated in an interview with Barstool Sports founder Dave Portnoy that he plans to continue buying Bitcoin as part of the company's strategic reserves, even if the price reaches $1 million.
Michael Saylor compared Bitcoin to the Manhattan real estate market, noting that the Manhattan real estate market was considered "expensive" in the 1930s, but 100 years later, people still buy Manhattan real estate for more than market price; the only question is whether you can hold it during that time, as people will want to buy.
Michael Saylor added that owning Bitcoin is both an economic decision and a moral decision, as it empowers holders to control their funds. He also explained Bitcoin in sports terms to Dave Portnoy, stating that Satoshi created the Bitcoin game to allow everyone to win.
Binance CEO: The company is still considering the location of its global headquarters, with tax laws and talent attraction capabilities as key factors
According to Techinasia, Binance CEO Richard Teng stated during the Abu Dhabi Financial Week that the company is still considering potential locations for its global headquarters, with tax laws and the ability to attract talent being key factors in making this decision. Teng did not disclose which regions are being considered.
ether.fi Foundation: Protocol earns $3.5 million in November, 5% allocated for buyback and LP program
The ether.fi Foundation announced that the ether.fi protocol earned $3.5 million in November, with 5% allocated to purchase 89,000 ETHFI for buyback and LP programs.
Bitcoin mining company Arkon Energy's Nscale raises $155 million, led by Sandton Capital Partners
Bitcoin mining company Arkon Energy's European AI cloud company Nscale has completed $155 million in funding, led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management, and Florence Capital, which will drive its growth plans in Europe and North America.
The company stated it has expanded its greenfield data center capacity in Europe and North America from 300MW to 1.3GW, with plans to develop 120MW by 2025. Nscale announced it will launch a public cloud service in the first quarter of 2025, allowing developers to access purpose-built inference and training solutions in a flexible development environment.
Russian lawmaker proposes establishing a national Bitcoin reserve to hedge against sanctions
According to CryptoBriefing, a Russian lawmaker proposed establishing a national Bitcoin reserve to hedge against geopolitical risks and sanctions. Anton Tkachev, a member of the "New People" party in the State Duma, submitted a formal appeal to Finance Minister Anton Siluanov, suggesting the establishment of a Bitcoin reserve similar to traditional national currency reserves. Tkachev wrote in the appeal, "For countries under sanctions, cryptocurrencies have effectively become the only tool for international trade due to difficulties accessing traditional international payment systems." This proposal comes as Russia faces limited access to the global financial system due to sanctions.
Tkachev emphasized that traditional foreign exchange reserves are vulnerable to sanctions, inflation, and volatility, which could threaten Russia's financial stability. He pointed out that modern challenges require the introduction of new payment processing systems and alternative reserve storage tools, mentioning cryptocurrencies like Bitcoin that are independent of any single country. The lawmaker specifically noted the potential for Bitcoin prices to reach $100,000 by December 2024, highlighting its potential as a store of value and investment asset.
Tkachev added that this initiative aligns with the efforts of the Russian central bank to incorporate digital assets into cross-border payments and emphasized the growing importance of crypto assets as viable tools for international trade. The implementation of this measure would require significant policy adjustments and coordination among government agencies, including the central bank and financial regulators.
Altcoins drop 20% in extreme spike, mainstream CEX contract funding rates cool down across the board
According to market data, as Bitcoin fell to $94,000, altcoins experienced a widespread "spike" drop, with:
· Ethereum hitting a low of $3,509, currently quoted at $3,706, with a 24-hour drop of 7.15%
· SOL hitting a low of $203, currently quoted at $218, with a 24-hour drop of 7.35%
· SAGA hitting a low of $1.8 before spiking up to $2.67, currently quoted at $2.09, with a 24-hour drop of 24%
· 1INCH hitting a low of $0.4, currently quoted at $0.477, with a 24-hour drop of 23.6%
· ORCA hitting a low of $4.03, currently quoted at $4.72, with a 24-hour drop of 23.5%
· CATI hitting a low of $0.4, currently quoted at $0.46, with a 24-hour drop of 23.3%
· HMSTR hitting a low of $0.0028, currently quoted at $0.00349, with a 24-hour drop of 23%
· NOT hitting a low of $0.00615, currently quoted at $0.0076, with a 24-hour drop of 22.48%
Additionally, according to Coinglass data, following this extreme spike drop, mainstream CEX contract funding rates have cooled down across the board, returning to normal levels, with the majority of altcoin contract funding rates dropping below 0.005%, entering a "generally bearish" level. Some altcoin contract rates on certain CEXs have even shown negative rates.
Bitcoin trading app Relai completes $12 million Series A funding, led by Ego Death Capital
Bitcoin trading app Relai has completed $12 million in Series A funding, led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group. Relai plans to use the new funds to further expand into Europe and obtain licenses under the new crypto asset market regulation (MICA).
Relai co-founder and CEO Julian Liniger stated, "Despite the harsh market conditions, our funding round was still oversubscribed. This new funding will greatly accelerate our growth and support our mission to educate and onboard millions of Europeans into Bitcoin."
According to RootData, Relai is an app that only offers Bitcoin, accompanied by a non-custodial Bitcoin wallet, aimed at making Bitcoin savings and investments accessible to everyone, allowing anyone to buy and sell Bitcoin in minutes without registration, verification, or deposits.
"What are the must-read articles from the past 24 hours"
BTC spikes in the early morning, with liquidations exceeding "312" in 24 hours; how to judge future market trends?
In the early morning, Bitcoin's price briefly spiked down to $94,000, triggering severe turbulence in the cryptocurrency market, with altcoins performing even worse, most tokens dropping by 20%-30%. As of the time of writing, Bitcoin has rebounded somewhat. This market turmoil led to a total liquidation amount of $1.716 billion across the network, involving 570,876 traders. This event not only became the largest liquidation wave in nearly two years but also reflected the current structural risks and emotional volatility in the crypto market.
This article will deeply analyze the background, data, market impact, and future trends of this event.
Famous Ethereum researcher unexpectedly "defects," claiming "Solana contains more possibilities"
On December 9, Max Resnick announced on X that he has joined Solana's core development studio Anza. Resnick has become one of the most prominent figures in the Ethereum network in recent months.
He previously worked at Consensys's subsidiary SpecialMechanisms Group and was known for his opposition to Ethereum's roadmap—he believes some ideas surrounding Layer 2 are wrong and that Ethereum should focus on scaling the base layer.
Consensys is a software company founded in 2014 by Ethereum co-founder Joseph Lubin, best known for its MetaMask wallet. Anza is a spin-off of Solana Labs, responsible for continuing the development of Solana-related software.
Magic Eden's opening is imminent; is the market already expecting $40?
At 10 PM Beijing time tonight, the Token $ME of Magic Eden will open for airdrop claims. Currently, influenced by the news of Binance's listing, $ME has surpassed $6 in pre-market trading on OKX, with a corresponding market cap exceeding $750 million.
The pre-market price can basically reflect the opening price of $ME after its listing on CEX tonight, but regarding how $ME's price will develop after the opening for a period of time, players have written three distinctly different scenarios from three different perspectives.
