- Over 57% of circulating BTC has not moved in the past two years; Binance launched new currency mining project ACE (12.12)
headlines
Morgan Creek Lianchuang: Over 57% of circulating BTC has not moved in the past two years
Morgan Creek Digital co-founder Anthony Pompliano posted on the X platform that according to Glassnode data, more than 57% of circulating BTC has not moved in the past two years. During this period BTC fell from $69,000 to $16,000 before recovering to $44,000. The amount of BTC that has not been moved (for at least two years) is at an all-time high, mind-boggling.
Binance launches the 40th phase of new coin mining project Fusionist (ACE)
Binance announced that it has launched the 40th phase of its new coin mining project - Fusionist. ACE is the native token of Endurance, the decentralized gaming/social blockchain that will house Fusionist, a Web3 AAA game. Users can invest BNB and FDUSD into the ACE mining pool on the Launchpad website after 08:00 on December 13, 2023 (Eastern Eighth District time) to obtain ACE rewards. ACE can be mined for a total of 5 days. The website is expected to be updated approximately five hours after this announcement and before the mining activity opens.
Market changes
BTC fell below 41,000 USDT, down 6.66% in 24 H
Ouyi OKX market shows that BTC fell below 41,000 USDT in a short period of time, with a 24 H drop of 6.66%.
OP breaks through 2.31 USDT, reaching a new high since April this year
Ouyi OKX market shows that OP broke through 2.31 USDT, hitting a new high since April this year. It is now trading at 2.311 USDT, with a 24 H increase of 7.4%.
INJ briefly broke through 23 USDT, with an increase of 20.47% in 24 H
Ouyi OKX market shows that INJ broke through 23 USDT in a short time and is now trading at 22.965 USDT, with a 24 H increase of 20.47%.
AVAX rallied amid broad market declines, up 4.37% in 24 hours
Ouyi OKX market shows that AVAX is currently trading at 38.62 USDT, with a 24-hour increase of 4.37%.
Bounce will launch a new Launchpad project BDID, AUCTION rose 6% in a short time
Bounce Brand announced on the X platform that the DID service platform GoDID will launch Launchpad through its platform. The new project is the DID project BDID on BTC L2. Perhaps affected by this news, AUCTION broke through 17 USDT, rising 6% in the short term.
Stock market volatility is expected to rise this week due to the upcoming Feds latest interest rate decision and the release of November inflation data. Traders expect these events to spark market turmoil as the financial world tries to predict economic sentiment heading into 2024, Bloomberg reported. A measure of expected volatility is at its highest level since March. (The Block)
4 whale addresses deposited a total of US$18.5 million UNFI to Binance in the past two days
According to Spot On Chain monitoring, UNFI price has fallen by 15% in the past 2 days. During this period, 4 whale addresses deposited a total of 2.02 million UNFI ($18.5 million) to Binance.
Coinglass data shows that the total BTC contract holdings on the entire network were US$19.181 billion, a 24-hour decrease of 2.2%. Among them, CME ranked first with a holding of $5.107 billion, and Binance ranked second with a holding of $4.204 billion.
Coinglass data shows that in the past 12 hours, the entire network liquidated $172 million, BTC liquidated $51.4104 million, ETH liquidated $30.8418 million, LINK liquidated $34.304 million; long orders liquidated $137 million, and short orders liquidated $35.3138 million. Dollar. In the past 24 hours, the entire network liquidated $523 million, with long orders liquidating $455 million and short orders liquidating $67.723 million.
Solana DEX weekly trading volume tops $5 billion, hitting all-time high
Data disclosed by Sol Bulletin on the X platform shows that Solana DEX’s weekly trading volume hit a record high, exceeding $5 billion, an increase of 142.41%.
Industry news
The Financial Services Commission of South Korea (FSC) has issued a legislative notice on the formulation of the Execution Regulations of the Virtual Asset User Protection Act and the Virtual Asset Industry Supervision Regulations, stipulating the details of legal authorization. The implementation regulations are expected to be published in legislation from December 11, 2023 to January 22, 2024, and will be implemented on July 19, 2024 after review by the State Administration of Taxation and other procedures.
Senator Elizabeth Warren’s cryptocurrency bill gains support from five co-sponsors
U.S. Senator Elizabeth Warren has won more support from her colleagues for a bill aimed at cracking down on the alleged use of cryptocurrencies in illegal financial activities.
FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds
The IRS should substantiate its claims against FTX and show how it estimated the back taxes it says are due, FTXs attorneys said in a new filing in Delaware bankruptcy court on Sunday. The move is the latest development in a months-long dispute between the IRS and the FTX bankruptcy estate over the amount of unpaid taxes the bankrupt exchange and its affiliates owe the government.
Project News
Tether consultant Gabor Gurbacs posted on the Continue to lead and gain market share.
This week APT, CYBER, APE and other tokens will be unlocked in large amounts
Token Unlocks data shows that this week (December 11 to December 17) GLMR, APT, CYBER, FLOW, and APE will usher in large-scale unlocks: At 8:00 on December 11, 12.72 million Moonbeam tokens GLMR were unlocked (approximately US$4.31 million), accounting for 1.6% of the circulating supply; at 8:00 on December 12, 24.84 million Aptos tokens APT were unlocked (approximately US$209 million), accounting for 8.9% of the circulating supply; December 15 At 12:19, 1.26 million CyberConnect tokens CYBER (approximately US$8.71 million) were unlocked, accounting for 8.51% of the circulating supply; at 8:00 on December 16, 2.6 million Flow tokens FLOW were unlocked (approximately US$2.18 million), Accounting for 0.18% of the circulating supply; at 8:00 on December 17, 15.6 million ApeCoin tokens APE were unlocked (approximately US$28.08 million), accounting for 4.23% of the circulating supply.
World Assets Ltd. is finalizing new loan agreements with the five market makers mentioned above, which will take effect on December 16. Under these agreements, the five market makers will receive significantly smaller loans than before, currently totaling 10 million WLD with a 6-month term. Therefore, the circulating supply of WLD will increase by 10 million on December 16. The market maker must repay the loan in full after 6 months and may not choose to purchase any WLD from World Asset Ltd. Overall, the net impact on WLD’s circulating supply depends on how many tokens market makers choose to purchase on December 15th.
Web3 super application Parallel Finance posted on the
Lyra initiates a governance proposal to launch the V2 version, and voting will end on December 14
The decentralized options protocol Lyra has launched a governance proposal to launch the V2 version on Snapshot, and voting will end on December 14. The proposal outlines the specific sequence for Lyra to launch the V2 version. The first step is to launch Lyra Chain, a new Rollup network built on OP Stack.
Klaytn V1.12.0 has been released, including two hard fork upgrades like Cancun and Randao
According to official news, Klaytn V1.12.0 has been released. This version includes two different hard forks. The first is the functional equivalent of the Ethereum Cancun (Cancun) hard fork, and the second is an optional hard fork. Forks can achieve randomness on the Randao chain. The hard fork will be carried out on the Baobab testnet with a block height of 135456000 and is expected to occur at 9 am on December 19.
Trader Joe launches DEX Merchant Moe exclusively for Mantle, JOE holders will receive airdrops
Trader Joe launches DEX Merchant Moe dedicated to Mantle, aiming to expand the innovative liquidity hub established by Trader Joe. Trader Joe token JOE holders will receive an airdrop of 2.5% of the total project tokens when the new token TGE is released, and An additional 5% will be allocated over the next 12 months.
Base online lending platform Seamless Protocol announced its airdrop plan. This airdrop will issue 400,000 SEAM tokens, and more than 5,000 addresses will be eligible to receive them. The project was snapshotted on December 8th. The airdrop will be available for redemption at 4:00 AM on December 12, Beijing time, and airdrop recipients can claim SEAM within 3 months. As previously reported, Coinbase announced that it will launch the Seamless token SEAM of the Base ecological lending protocol.
