Daily Report | WLFI increases its holdings by $50 million in DeFi tokens; Binance Launchpool will launch VANA; KaJ Labs invests $100 million to develop Ripple AI tools
December 13 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- Texas House of Representatives proposes a bill to establish a strategic Bitcoin reserve, which will be held for at least five years
- Trump's crypto project WLFI's first community proposal passed in voting, will deploy Aave v3 instance
- Binance Launchpool will launch Vana (VANA), supporting BNB and FDUSD mining
- Gate.io statement: Security team found no abnormalities on the platform, do not believe rumors
- Binance will list Velodrome Finance (VELODROME)
- KaJ Labs invests $100 million to develop AI tools for the Ripple ecosystem
- Trump family project WLFI increases holdings of $50 million in DeFi tokens
- The original team of the crypto data platform FeiXiaoHao is in a public dispute with the buyer over brand ownership
"What important events happened in the past 24 hours"
The original team of the crypto data platform FeiXiaoHao is in a public dispute with the buyer over brand ownership
The brand ownership dispute of the cryptocurrency data platform FeiXiaoHao continues to escalate. The original FeiXiaoHao team released a statement on December 13, stating that the buyer obtained part of the source code and data after paying the first installment, and then publicly tore up the contract and refused to pay the remaining amount. The buyer's request for an overall brand transfer was rejected without paying the remaining amount, and they were accused of publicly reselling the source code and data, causing significant losses to the original team. The original team has canceled the brand sale plan and stated that they will continue operations.
In response to the above accusations, the buyer published a lengthy rebuttal, claiming to have legally registered an overseas company and trademark, and pointed out multiple breaches of contract by the original team: incomplete source code delivery leading to inability to deploy normally, and the same source code being sold to multiple buyers. The buyer stated that after taking over Feixiaohao.com.cn, they invested hundreds of thousands of dollars and spent four months repairing the system before it was relaunched.
Additionally, the buyer revealed several future development plans, including improving the Meme token ranking, advancing globalization, adding KOL columns, and VC inclusion among other functional modules. The buyer has now initiated legal proceedings to protect their rights through the public acquisition of details and relevant evidence.
Trump's crypto project WLFI's first community proposal passed in voting, will deploy Aave v3 instance
According to the governance page, Trump's crypto project WLFI has voted to pass its first community proposal, which aims to deploy an Aave v3 instance for the WLFI protocol.
This instance will be managed by external risk managers and will be built on the existing Aave v3 infrastructure, ultimately launching on the Ethereum mainnet.
Binance Launchpool will launch Vana (VANA), supporting BNB and FDUSD mining
According to the official announcement, Binance will launch Vana (VANA) on December 16, 2024, at 10:00 (UTC), and will open trading pairs VANA/USDT, VANA/BNB, VANA/FDUSD, and VANA/TRY.
Users can participate in VANA mining activities by staking BNB and FDUSD starting from December 14, 2024, at 00:00 (UTC), and the mining will last for two days.
Previous news reported that Vana co-founder Anna Kazlauskas attended the "DeInsight 2024" annual summit on November 11, co-hosted by ChainCatcher and RootData, and jointly organized by SoSo Value.
Gate.io statement: Security team found no abnormalities on the platform, do not believe rumors
Cryptocurrency exchange Gate.io released a statement indicating that its security team found no abnormalities, and security agencies reported no issues. Deposits, withdrawals, and trading are operating normally, and users are advised not to believe rumors.
Gate.io maintains a 100% reserve, with the latest reserve amount exceeding $10 billion.
Binance will list Velodrome Finance (VELODROME)
Binance announced that it will list Velodrome Finance (VELODROME) on December 13, 2024, at 22:00 (UTC+8). Withdrawal functions will be opened on December 14 at 22:00 (UTC+8).
KaJ Labs invests $100 million to develop AI tools for the Ripple ecosystem
According to The Crypto Basic, KaJ Labs, the developer of the innovative enterprise platform Atua AI, announced a $100 million investment to create advanced AI tools specifically for the Ripple (XRP) ecosystem. The plan aims to leverage Ripple's efficient and scalable infrastructure to enhance AI-driven solutions in DeFi and enterprise operations.
The funds will be used to support research, AI model training, and the deployment of XRP-based AI solutions, focusing on real-time analytics and automated workflows.
WSJ: Trump's team seeks to cut or merge banking regulatory agencies
According to The Wall Street Journal, Trump's team is inquiring whether the elected president can eliminate or merge financial regulatory agencies.
Sources familiar with the matter revealed that advisors to elected president Trump asked some advisors from Elon Musk's Department of Government Efficiency whether the Federal Deposit Insurance Corporation (FDIC) could be abolished during interviews with potential candidates for banking regulatory agencies.
Trump's advisors also inquired about potential candidates for the FDIC and the Office of the Comptroller of the Currency, asking if bank deposit insurance could be merged into the Treasury. Additionally, plans were proposed to merge or completely reform the FDIC, the Office of the Comptroller of the Currency, and the Federal Reserve.
Huabao Overseas Technology Equity Investment Fund has suspended subscription and regular investment services
According to Shanghai Securities News, Huabao Overseas Technology Equity Investment Fund (QDII-LOF) announced the suspension of subscription and regular investment services, with the date for resuming these services to be announced later.
Previous reports indicated that community users found cryptocurrency fund advertisements appearing on the homepage of Alipay users in mainland China, which were verified to be for Huabao Overseas Technology C (QDII-FOF-LOF) fund products. This fund invests in ETFs under ARK Invest through QDII, indirectly holding Coinbase stocks and Ark Bitcoin spot ETFs, with a daily purchase limit of 1,000 yuan per person.
Hunan Anhua: EDA project suspected of pyramid selling, its funds mainly rely on suspicious virtual currency trading platforms for collection
According to the Anhua public account, the EDA project that has emerged in the city has attracted significant attention. Investigations revealed that it poses major financial risk hazards, and citizens are urged to remain vigilant.
It is reported that the EDA project claims to be launched by Hong Kong EDA Group Holdings Limited, promoting its business under the guise of "cross-border e-commerce and logistics companies" and developing members who pay an entry fee to purchase traffic to become "new recruits," with the traffic value equivalent to the RMB value.
The project currently relies mainly on overseas or uncertainly secure virtual currency trading platforms for collection, which feature unstable funds and regulatory difficulties. In the event of financial fraud or money laundering activities, it would be difficult for the public to protect their rights.
Analysis indicates that the EDA project's collection channels, operational model, and reward system have suspected pyramid selling characteristics, posing significant financial risk hazards. Relevant departments will continue to closely monitor and take strong measures to combat such illegal activities.
ai16z founder: Eliza has integrated Farcaster
ai16z founder Shaw posted on X that ai16z Eliza has integrated Farcaster.
Additionally, it will provide a $420 bounty to every Eliza developer who brings agents into Farcaster this week.
Smart contract platform Waterfall Network completes $11.6 million financing, with participation from Bolt's Capital and others
According to IBTimes, the smart contract platform Waterfall Network announced the completion of a new round of financing totaling $11.6 million, with participation from Bolt's Capital, Alpha Token Capital, and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes, and further improve.
Waterfall Protocol, launched in July 2024, is a Layer 1, scalable, decentralized smart contract platform developed by software company BlueWave based on DAG technology and fast finality PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).
Bitcoin mining company CleanSpark plans to issue $550 million in convertible senior notes
According to a press release, Nasdaq-listed Bitcoin mining company CleanSpark, Inc. announced its plan to offer a total of $550 million in convertible senior notes due in 2030 to initial purchasers based on market conditions and other factors.
CleanSpark also expects to grant initial purchasers an option to purchase up to $100 million in additional convertible notes within 13 days of the initial issuance of the convertible notes.
The company plans to use the net proceeds from the offering to pay for the costs of capped call transactions, repurchase up to $125 million of its common stock from convertible bond investors, and use the remaining net proceeds for the full repayment of the company's outstanding amounts under its credit line with Coinbase, capital expenditures, acquisitions, and general corporate purposes.
Trump family project WLFI increases holdings of $50 million in DeFi tokens
According to tracking data from Arkham, Trump's family DeFi project WLFI has just increased its holdings of DeFi tokens worth $50 million, including: $35 million in ETH/WETH; $10 million in cbBTC; $1 million in LINK; and $1 million in AAVE, among others.
Texas House of Representatives proposes a bill to establish a strategic Bitcoin reserve, which will be held for at least five years
According to CNBC, on Thursday, the Texas House of Representatives proposed legislation to establish a strategic Bitcoin reserve, which could serve as a testing ground for the U.S. Treasury. Republican Congressman Giovanni Capriglione announced at an X Spaces event that the bill proposes allowing the state to establish a strategic Bitcoin reserve by accepting taxes, fees, and donations in the form of Bitcoin, which will be held for at least five years.
The non-profit Bitcoin advocacy organization Satoshi Action Fund, which collaborated with Capriglione on the bill, stated that the Texas legislation aims to provide a method to strengthen the state's financial stability and make it a leader in Bitcoin innovation. Capriglione stated, "Inflation may be the biggest enemy of our investments, and establishing a strategic Bitcoin reserve and investing in Bitcoin would be a win-win for the country." Texas is not only the second-largest economy in the U.S. but also the eighth-largest economy in the world, and it is the region with the highest concentration of Bitcoin miners in the U.S.
"What are the exciting articles worth reading in the past 24 hours"
The RWA track is hot again.
With Trump's election victory and a shift in U.S. policy, the market has begun to favor the "compliance" concept. RWA (Real World Assets) is seen as the preferred track for Wall Street funds to enter the crypto world, becoming a major theme in the current bull market.
Even when the overall crypto market experiences a pullback, the RWA sector remains resilient, producing several standout tokens. For example, the dark horse GOAL (football agency RWA) in the RWA track has seen a price increase of over 160% in the past 30 days according to Coingecko data; USUAL (stablecoin protocol), which was only launched in mid-November, has surged over 120% in 14 days according to Coingecko data.
In addition to these new faces in the RWA space, investors see opportunities for a comeback. Some older projects are also starting to "bottle old wine in new bottles," such as XRP and LTC, joining in on the celebration.
As the RWA track continues to heat up, the number of RWA projects is also starting to skyrocket. Overwhelmed by the sheer number of projects? A preliminary screening might help; you may want to take a look at the following star RWA projects that have yet to issue tokens.
From zero to $800 million: How ELIZA disrupts the AI agent market with the "marketplace" concept
ELIZA is an open-source modular architecture designed to create AI agents that can seamlessly interact with users and blockchain systems.
It embodies the marketplace philosophy, thriving in an ecosystem driven by collaboration and creativity through open-source development.
ELIZA has powerful autonomous trading capabilities and ensures safe and responsible operations through its trust engine and trust market.
The plugin system is a strategic advantage for ELIZA, creating a virtuous cycle of growth: more developers → more plugins → more developers.
ELIZA's popularity is rapidly rising across multiple developer metrics, which is very promising.
In the short term, the relative valuation among AI agent platforms and the growing attention are driving price changes for ai16z. In the medium term, DAO investments and value capture from ELIZA ecosystem agents may significantly enhance its valuation.
ELIZA faces a significant challenge in the tech community: how to sustain the open-source framework. Monetization remains unclear, development may become chaotic, and without proper incentives, community interest may wane.
Single-day increase of nearly 400%, CZ's "shout-out" for Travala reveals annual revenue of $100 million
Following the last release of an image with the word "ALT," interpreted by the market as a sign that "the altcoin season has arrived," Binance founder CZ directly endorsed the "Travala" project last night. "I invested before the COVID pandemic and the crypto winter, and I have continued to do so, BUILD."
Previously, the price of Travala's AVA token was only $0.74, with a market cap of about $40 million. Influenced by CZ's "clear shout-out," market funds reacted quickly, with a large influx of buy orders, causing the AVA price to briefly exceed $3.5, with a maximum increase of nearly 400%. As of the time of writing, the AVA price remains around $3.1, with a 24-hour increase of 306%.
Travala claims to be a crypto-friendly travel platform, supporting over 100 cryptocurrencies for hotel and flight bookings. Odaily Planet Daily will analyze this project in this article.
