- Solana’s monthly active and new addresses hit a new high this year; Bitcoin halving takes less than 120 days (12.25)
headlines
The number of monthly active addresses and the number of new addresses on the Solana network have both reached new highs this year. So far, the number of monthly active addresses on the Solana network has exceeded 15.6 million in December, an increase of approximately 50% compared to November.
In addition, the number of new addresses in the Solana network reached 6.8 million in December, but the number of non-voting transactions in December was slightly lower than in November.
Bitcoin halving is expected to be on April 22, 2024, with less than 120 days left
According to the Bitcoinblockhalf website, the current block height is less than 120 days away from the Bitcoin halving time. The halving time is expected to be April 22, 2024, when the block reward will drop from 6.25 BTC to 3.125 BTC.
Industry news
Paxos Receives Regulatory Approval to Issue USDP on Solana
Stablecoin issuer Paxos has received regulatory approval to expand its product to the Solana network. Paxos plans to issue the USDP stablecoin on Solana on January 17, 2024. (Fortune)
The Japanese government approved the tax reform outline for fiscal year 2024 at the cabinet meeting on the 22nd. The amendments include changes that will apply to companies holding crypto-assets (virtual currencies) issued by third parties that will not be subject to mark-to-market tax.
Until now, cryptoassets (virtual currencies) issued by third parties held by Japanese domestic companies were recorded as profit or loss at the end of the fiscal year based on the difference between the market value and the book value. The changes will only tax profits generated by the sale of cryptocurrencies by the companies involved, meaning the same tax regime that applies to retail investors will change. The bill will be introduced to Congress in January and will require approval by the House of Representatives and the Senate. (Coinpost)
Arthur Hayes: Sell SOL, Buy ETH
BitMEX founder Arthur Hayes said on the X platform that he would sell SOL tokens and buy ETH. On the motivation for this, he explained, I received a message from the Lord while meditating. He told me: Sell Sams PoS and express your love for Archangel Vitalik.
ETF event tracking
According to relevant sources, SEC officials have earlier met with representatives of at least 7 issuers who hope to launch Bitcoin spot ETFs in early 2024, and will decide on January 10 next year whether to approve or reject the joint proposal submitted by ARK Investments and 21 Shares. draft, and one widely accepted theory is that the SEC will eventually approve multiple applications at the same time before the deadline.
Bloomberg analyst Eric Balchunas said on the Much higher.
Bloomberg analyst James Seyffart believes that the infusion of seed capital does not mean an immediate launch of the ETF, but it may mean that it will be launched soon.
ARK Invest and 21 Shares met with the SEC yesterday to discuss a Bitcoin spot ETF
According to a memo on the SEC’s official website, ARK Invest and 21 Shares met with the SEC yesterday to discuss a Bitcoin spot ETF.
BlackRock and Hashdex each file revised S-1 filings for their spot Bitcoin ETFs
Bloomberg analyst James Seyffart posted on the X platform that BlackRock and Hashdex submitted revised S-1 documents for their spot Bitcoin ETF, in which Hashdex selected BitGo as its custody partner.
Arthur Hayes, co-founder of BitMEX, posted on the , but this means that BTC can be obtained from anywhere. Cash is more complicated, but it gives the fund a lot of power. The fund trading department will have a lot of power to direct a large amount of BTC transaction flow. There is a high probability that it will only be related to politics. Brokers and exchanges will be used as counterparties to buy and sell Bitcoin for the fund. This will provide lucrative arbitrage opportunities for those who can trade on U.S. and non-U.S. Bitcoin exchanges.
Investment and financing events
Akron Energy raises US$110 million, funds mainly used to support US Bitcoin mining companies
Data center infrastructure company Akron Energy has raised $110 million in a round led by Bluesky Capital Management, with participation from Kestrel 0x 1, Nural Capital and Florence Capital.
Akron Energy CEO Josh Payne said the new funding will be used to expand the companys operations, with $80 million going towards acquiring an additional 200 megawatts of capacity at new data centers in Ohio, North Carolina and Texas. Payne also said the company’s U.S. data center portfolio is dominated by institutional-grade Bitcoin mining companies. (Techcrunch)
Project News
Rune.Alpha announces market testnet will be launched next week
Bitcoin inscription project Rune Alpha officially stated that its market testnet will be launched next week. The Rune Alpha market testnet is mainly for the trading of COOK and other Rune assets.
Ordinals’ accumulated fee income exceeds 4,800 BTC, equivalent to approximately US$213 million
Cumulative fee revenue from the minting of Bitcoin NFT protocol Ordinals reaches 4,864.665 BTC, which is approximately $213,649,863. The current total number of minted inscriptions reaches 50, 948, 516.
Chain game Illuvium has released an update to its 2024 roadmap, with the launch of a testnet being the primary goal. The team is integrating blockchain technology, finalizing the IMX passport, and completing the Fuel exchange.
About the timeline: The goal is to launch an Open Beta version in the first quarter of 2024, but due to the commitment to quality and thorough testing, it may be extended to the beginning of the second quarter. The team prepared for potential delays to ensure the best possible outcome.
