- Market Prices Fed to Cut Interest Rates 6 Times Next Year; ARK Invest Sells Coinbase Stock Again (12.15)
headlines
ARK Invest sells roughly $42.59 million worth of Coinbase stock again on Wednesday
Ark Invest Daily announced on the
Markets price the Fed to cut interest rates six times next year
Market bets on the Fed to cut interest rates continue to grow, with interest rate futures linked to the date of the Feds interest rate meeting showing that the market is pricing in six rate cuts, or 150 basis points, by the end of next year. (Golden Ten)
Ledger has updated its codebase to remove malicious code
Web3 anti-fraud service provider Scam Sniffer posted on the X platform that Ledger has updated its code base to version 1.18 to remove malicious code.
Market changes
BTC broke through 43,000 USDT in the short term, with a 24 H increase of 2.63%
Ouyi OKX market shows that BTC has once again exceeded 43,000 USDT in the short term and is now trading at 43,144 USDT, with a 24 H increase of 2.63%.
ETH broke through 2300 USDT, with an increase of 3.87% in 24 H
Ouyi OKX market shows that ETH broke through 2300 USDT and is now trading at 2303 USDT, with a 24 H increase of 3.87%.
ORDI briefly exceeded 67 USDT, with a 24 H increase of 3.45%
Ouyi OKX market shows that ORDI broke through 67 USDT in a short time and is now trading at 66.29 USDT, with a 24 H increase of 3.45%.
The floor price of SOLS, the inscription token on the Solana chain, exceeded 60 SOL, with an increase of over 348% in 24 hours.
The open position of BTC contracts across the entire network reaches 18.32 billion US dollars
Coinglass data shows that the open interest in Bitcoin futures contracts across the network is 428,330 BTC (approximately $18.32 billion). Among them, the CME Bitcoin contract’s open position is 107,240 BTC (approximately $4.58 billion), ranking first. The Binance Bitcoin contract ranks second with an open interest of 98,950 BTC (approximately $4.23 billion).
The current negative premium rate of Grayscale GBTC has narrowed to 7.34%
Coinglass data shows that the current negative premium rate of Grayscale GBTC is 7.34%, the negative premium rate of ETH Trust is 11.81%, and the negative premium rate of ETC Trust is 23.58%.
Bitcoin kimchi premium rises to 6% as South Korean cryptocurrency demand grows
According to Crypris data, the pickle premium rate for major cryptocurrencies such as BTC is approximately 6%. As of now, Bitcoin is trading at KRW 59.05 million on Upbit’s Korean Won market, which is 6.06% higher than Binance’s USDT market. The pickle premium rate for ETH, BCH, LINK and XRP is also around 5.8%.
The giant whale that has been dormant for nearly 3 years deposited 5,000 ETH to Coinbase 3 hours ago
According to Lookonchain monitoring, a whale that has been dormant for nearly 3 years deposited 5,000 ETH (approximately $11.3 million) into Coinbase 3 hours ago and still holds 20,398 ETH (approximately $45.88 million).
A whale withdrew over 218,000 LINK from Coinbase
According to Spot On Chain monitoring, the whale address starting with 0x 54 f withdrew 218,049 LINK (approximately US$3.23 million) from Coinbase 50 minutes ago. Currently, the whale holds 751, 050 LINK (approximately $11.1 million). The whale is estimated to have made a cumulative profit of $6.7 million from the two LINK trading cycles.
DefiLlama data shows that Solana TVL exceeded 1.1 billion US dollars, and TVL of multiple protocols in the Solana ecosystem experienced significant growth. The TVL data of the top three projects are as follows: Marinade Finance TVL has a weekly growth of 25.25%, reaching US$770 million; marginfi TVL has a weekly growth of 54.95%, reaching US$239 million; Orca TVL has a weekly growth of 40.24%, reaching US$120 million.
DefiLlama data shows that Cardano TVL exceeded $440 million, reaching a record high. Most of the growth occurred in the past week, among which the TVL data of the top three projects are as follows: the lending agreement Indigo TVL increased by more than 50% to $110 million; the on-chain exchange Minswap TVL increased by 42.25% and is now at $97.58 million; the lending agreement Liqwid TVL It is now trading at US$51.53 million, an increase of 48.09% in the past week.
The market value of Solana ecological token BONK exceeds US$1 billion
Market data shows that the market value of Solana-based meme token BONK has soared to more than $1 billion for the first time, ranking 69th in CoinGecko’s ranking of the most valuable cryptocurrencies. After listing on Coinbase, BONK has gained 64% in the past 24 hours, trading as high as $0.00001755, a new all-time high.
ETF Progress
SEC approves proposed rule changes for Hashdex Bitcoin futures ETF
The U.S. SEC has approved proposed rule changes for the Hashdex Bitcoin Futures ETF that seek to change certain wording related to its product. Bloomberg analyst James Seyffart said this is the SEC’s order approving the conversion of the Hashdex Bitcoin Futures Fund from the Teucrium Trust family of products (managed by Teucrium Trading) to the Tidal Trust product.
U.S. SEC delays decision on Invesco Galaxy Ethereum Spot ETF
The U.S. SEC has postponed its decision on the Invesco Galaxy Ethereum Spot ETF, with a new deadline of February 6, 2024. (The Block Pro Headlines)
Invesco and Galaxy Submit Amendment to Bitcoin Spot ETF Application, Commit to Create Cash-Only ETF
Invesco and Galaxy have submitted the third revised S-1 document (prospectus) of the Bitcoin spot ETF Invesco Galaxy Bitcoin ETF to the U.S. SEC, in which they promised to focus on launching bitcoins created solely through cash. Coin ETF.
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Thursday that the agency’s “new look” at the application for a spot Bitcoin ETF has taken into account recent court rulings. While the SEC has rejected previous applications for a spot Bitcoin fund for years, a panel of judges ordering the regulator to reconsider Grayscale’s failed bid may be starting to change things. The agency is currently considering more than a dozen applications from major asset managers including BlackRock and Fidelity.
First Trust files Bitcoin “buffer” ETF application with SEC
According to a screenshot of the document published by Bloomberg analyst James Seyffart, First Trust submitted an application to the SEC for a Bitcoin “buffer” ETF (Buffer ETF), which protects investors from a set percentage of declines by limiting caps.
Industry news
FTX bankruptcy judge plans hearing early next year to examine IRS tax recovery issues
A federal judge in FTXs bankruptcy case moved to end a long-running dispute between FTX and its largest creditor, a move that signals the court may be trying to speed up efforts to recover customer funds from bankrupt company FTXs assets.
Turkish Finance Minister Mehmet Şimşek said in an interview that the formulation of regulations related to cryptocurrency has entered the final stage. Şimşek noted that among the upcoming laws, cryptocurrencies will be defined first, and that there will also be changes to the CMB law.
Xinhuo Technology: Affected by FTX, annual net loss is expected to increase to HK$280 million
Xinhuo Technology Holdings (01611.HK) issued a profit warning, predicting a net loss of no less than approximately HK$280 million for the year ending September 30, 2023, compared with a net loss of HK$200 million in the same period last year. The group said that the expected increase in net loss is mainly due to the companys inability to withdraw cryptocurrency assets from FTX, resulting in an impairment loss provision of approximately HK$86 million; as well as employment and dismissal expenses and one-time company personnel restructuring, and related cost management plan expenditures of approximately 15 million Hong Kong dollar.
Project News
Records on the Sepolia testnet chain show that Starknet is suspected of testing the cross-chain transfer of STRK from L1 to L2 on the testnet. A few hours ago, there were multiple transfers of STRK test coins on the Ethereum Sepolia test network with the same contract as the main network STRK (starting with 0x ca 14). One of the transfers of 1234 STRK test coins was suspected to be transferring the STRK test coins from L1 Cross chain to L2.
OKB completed its 22nd destruction, with a total of 10, 527, 664.73 coins destroyed this time.
On December 14, 2023, OKB completed its 22nd destruction, and the number of OKB destroyed was 10, 527, 664.73. It is reported that starting from May 4, 2019, OKX will issue a total of 300 million OKB, which will be transferred to a black hole address every three months for complete destruction based on the market and operating conditions of the current quarter. Up to now, a total of 80, 710, 499.91 OKBs have been destroyed.
The Lyra community has voted on the proposal to launch the V2 version in Snapshot
The Snapshot page shows that the decentralized options protocol Lyra community has voted to pass the LRFC proposal to “launch Lyra V2”. The proposal outlines the specific process for Lyra to deploy and launch the V2 version. If the Snapshot vote is passed, the first step will be to launch the new Rollup network Lyra Chain based on OP Stack, followed by the deployment of the V2 protocol and Lyra Exchange on Lyra Chain. Subsequent steps include launching the V2 mainnet, starting V2 incentives, etc. If the proposal passes on-chain voting, the V2 contract ownership will be transferred to the DAO.
Ethereum Layer 2 Eclipse, which uses the Solana Virtual Machine (SVM) as the execution environment, has been launched on the test network. The first 1,000 developers who deploy contracts on the test network will receive commemorative NFT rewards.
Yearn Finance issued a statement stating that during the regular fee token exchange process in the Yearn treasury, an incorrect multi-signature script caused 3,794,894 lp-yCRV v2 tokens in its treasury to be exchanged for 779,958 yvDAI tokens. currency, losing approximately 63% of the LP value due to slippage; the total loss was US$1.4 million, accounting for approximately 2% of the entire fund. However, user funds have not been affected, and the Yearn team requests users who profited from the incident to return an amount they consider reasonable to the Yearn main multi-signature wallet. Yearn said that communication channels have been opened and he is looking forward to the return of some funds.
Sky Mavis: Axie Infinity NFT character will have “Stage 2” evolution
Sky Mavis revealed that monster NFT characters in the P2E chain game Axie Infinity will soon be able to be upgraded. The recent update allows each Axie monster to undergo Stage 2 evolution (similar to Pokémon). Starting on December 14th, more than 250 different Axie “parts” can be evolved on any Axie NFT, upgrading the character’s combat capabilities and appearance.
MetaMask: MetaMask Portfolio fix has been deployed and users of the latest version can trade
MetaMask officially issued a document on the X platform stating that the recent hacker attack affected all users, not just Ledger users. MetaMask has deployed a fix for MetaMask Portfolio. Users of the latest version v2.121.0 will be able to trade again and will be automatically updated.
Aave’s proposal to “upgrade the governance system to V3 version” has been approved
Information from the Aave Governance Forum shows that the proposal to upgrade the governance system from V2.5 to V3 has been passed. A total of 1,122,272 AAVE participated in this vote, with a support rate of 100%. The upgrade results will be implemented within 7 days.
