ChainCatcher news, RootData recently analyzed the performance of tokens in the RootData List 2024 "Top 50 Projects (Token Issued)" ranking (from November 11 to November 27). Among the 50 selected projects, 35 achieved positive growth, with an average increase of 13.24%. Notably, MANTRA stood out with its token OM soaring by 132%, followed by Bonk and PEPE, which increased by 62.82% and 52.50%, respectively. Additionally, UNI rose by 45.10%, TIA grew by 39%, and BTC and ETH also achieved steady growth of 8.29% and 8.53%, respectively. This data highlights the ranking's keen insight and reliability in identifying opportunities.Since the release of the RootData List in 2023, the results have garnered attention from more entrepreneurs, investors, LPs, and general crypto enthusiasts. RootData is committed to showcasing the core strengths and trends of industry development through rigorous data analysis. The RootData List 2024 sub-list of Top 50 projects (completed TGE) is based on professional data-driven analysis, supported by over a million user visits, and evaluates completed TGE projects across multiple dimensions such as liquidity, track characteristics, financing performance, and user feedback.

ChainCatcher news, the blockchain infrastructure NULS officially announced support for the proposal of NerveNetwork, which will help reactivate the community of delisted projects, expand the user base, and promote ecological development through token donations and airdrops.It is reported that both NULS and NerveNetwork adhere to the philosophy of long-termism, promoting the implementation of blockchain technology.According to previous reports, the Gifto team suddenly added 120 million GFT tokens on BSC before Binance announced the delisting of the GFT token on November 26, 2024, causing the total supply to double. Subsequently, these tokens were quickly transferred to multiple mainstream exchanges such as KuCoin, MEXC, HTX, Bitget, Binance, OKX, and Gate.This behavior has sparked strong resentment and questioning from the community, which believes that this move lacks transparency and may severely harm investors' interests and disrupt market stability. Currently, the community is demanding a clear explanation and accountability measures from the Gifto team.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform, analyzing the reasons why the altcoin season has been delayed. He pointed out that, compared to the last bull market, the current rise in Bitcoin is mainly driven by institutional investors and spot ETF demand, which are different from cryptocurrency exchange users and have no intention of shifting assets from Bitcoin to altcoins.Ki Young Ju stated that since institutional investors primarily operate outside of exchanges, asset rotation has become less likely. While institutions may allocate mainstream altcoins through investment tools like ETFs, small-cap altcoins still rely on retail users from exchanges. For the total market capitalization of altcoins to reach a new high, a significant influx of new funds into exchanges is needed, but the current levels below historical highs indicate a decrease in liquidity brought by new users.He believes that future growth in Bitcoin will mainly come from ETFs, institutions, and even governments, rather than retail investors on exchanges. Therefore, altcoin projects should focus on developing independent strategies to attract new funds, rather than relying on the momentum brought by Bitcoin.

ChainCatcher news, Arthur Hayes stated in a podcast, "I will pay attention to meme coins, new Layer 1 blockchains, Layer 2 projects, NFTs, and the gaming sector, etc. Everyone knows that you can make quick money in a bull market, but the key is how to preserve those gains. If you earn some money that can change your life, then take out a portion to cash out."

ChainCatcher news, Binance CEO Richard Teng stated in the Binance Square AMA titled "Celebrating One Year of Binance CEO" that Binance has a strict and comprehensive due diligence process to determine which tokens or projects can be listed on the platform, including Launchpool, Megadrop, and others.Richard Teng pointed out that there is an independent team within Binance responsible for research and evaluation, and they do not interact with the outside world to ensure their independence and that they are not improperly influenced in decision-making and evaluation.Richard Teng stated that the key criteria for evaluating projects are primarily the quality of the project and the team behind it. Secondly, innovation and the project roadmap, and thirdly, market demand and community involvement in the project's use cases, practical applications, as well as security and compliance.

ChainCatcher news, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in its latest report for 2024, pointing out that as of now, venture capital in the Bitcoin L2 space has reached $447 million, with 39% of the investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects secured $174 million in funding. Of this, $105 million went to sidechain projects, while $63 million went to rollups projects.Galaxy estimates that by 2030, approximately $47 billion in Bitcoin liquidity could flow into the Bitcoin L2 network. The agency believes that before 2024, traditional crypto venture capital firms (excluding those focused on Bitcoin) had limited involvement in the Bitcoin ecosystem. As the ecosystem matures, crypto venture capital firms will continue to deploy funds into Bitcoin L2 projects.

ChainCatcher news, the Department of Government Efficiency (DOGE) stated in a post on social media that the U.S. Congress has allocated up to $516 billion for projects with expired federal legal authorizations for the fiscal year 2024, of which approximately $320 billion (62%) corresponds to projects whose authorizations have expired for more than 10 years.

ChainCatcher news, according to financefeeds, Web3 investors and market makers DWF Labs have launched a $20 million Meme fund to support innovative memecoin projects across multiple blockchains.DWF Labs has previously collaborated with tokens such as Floki, Turbo, Simon's Cat, Neiro Ethereum, and First Neiro on Ethereum. The Meme fund aims to provide financial and strategic support to projects that demonstrate strong community engagement, unique value, and global impact potential.DWF Labs Executive Partner Andrei Grachev stated, "Memecoins are a powerful cultural force in the cryptocurrency space, often uniting communities around shared humor and creativity. The Meme fund is our way of supporting this vibrant industry and empowering developers and communities to turn their ideas into impactful projects."

ChainCatcher news, the Litecoin X account stated that it has been nearly a week since the Litecoin X account posted the meme "Due to current market conditions I now identify as a memecoin," which is a light-hearted mockery of the current state of the cryptocurrency market and also a self-deprecating acknowledgment.Although Litecoin is one of the oldest and most reliable cryptocurrencies in the world, its achievements have been overshadowed and largely ignored in recent years. Greg (@greg16676935420) created a new mascot for Litecoin, but unfortunately, a group of people immediately took this mascot and used it to create a "lestercoin" on the Solana blockchain.Litecoin stated that it has no association with projects using the name or likeness of Lester on Solana, nor has it intentionally promoted or acknowledged their intentions; it is not the official mascot of Litecoin. Furthermore, Litecoin will continue to uphold the principle that "Bitcoin is gold, Litecoin is silver," striving to be the preferred method for global payments and transactions of goods and services, and this has not changed.

ChainCatcher news, Base announces the winners of the Base SEA Buildathon.The list is as follows:Merchant on-chain payment solution CubeDecentralized agricultural loan platform AgroFundThailand student on-chain project Based Chula StudentsInfrastructure on-chain tool AutoBaseBase application discovery platform Onchain BusterToken-to-NFT lending service Magnify CashPlatform connecting streamers and supporters StreamFundPhilippines crypto and fiat exchange platform Local CoinsToken discovery interface KaivestHigher education expansion project Onchain ScholarsCross-chain exchange service WhiteBlue SwapSmart wallet identity integration solution Coinbase Smart Passport

ChainCatcher news, according to @ai_9684xtpa, among the 20 Memecoin projects launched by Binance this year, the Solana ecosystem accounts for 60%, while the Ethereum ecosystem accounts for 20%.In terms of market capitalization, all launched projects have a market cap of over 100 million USD, with projects exceeding 1 billion USD in market cap accounting for 35%. In terms of trading varieties, spot trading accounts for 35%, and among all launched projects, only one project has seen a decline after its launch.