Author: Nancy, PANews

Bitcoin has broken through the $100,000 mark, ushering in a historically significant moment. This is not only a milestone in price but also a concentrated reflection of market sentiment, capital flow, and changes in the ecological landscape, marking a new phase in the crypto industry.

At this important moment, CertiK officially released a nearly 40-minute video featuring a fascinating dialogue between its co-founder Gu Ronghui and Binance founder CZ in Abu Dhabi. The two leading figures in the crypto industry discussed key factors behind the market transformation, including technological advancements, changes in user demand, and the evolution of the global regulatory environment. They not only shared their unique insights into the future of the industry but also deeply analyzed the current security challenges faced by the crypto world and the ever-changing regulatory framework, providing profound insights on innovation, security, and compliance.

On December 6, the Hong Kong government announced the highly anticipated (draft stablecoin ordinance). This legislation provides a detailed regulatory framework for issuers of fiat-referenced stablecoins (FRS), aiming to position Hong Kong as a leader in the global virtual asset sector.

This landmark initiative directly addresses core issues such as financial stability risks related to FRS, user protection needs, and regulatory clarity. By implementing these measures, Hong Kong not only aims to enhance public trust in the stablecoin ecosystem but also seeks to unleash the full potential of virtual assets and their underlying blockchain technology in financial innovation and economic growth.

Daily market update (December 10, 2024, 10:30 AM)

ChainDD's market report on December 10 shows that the comprehensive index and CoinMarketCap quotes:

BTC is priced at $96,156.26, down about 3.07% in the last 24 hours;

ETH is priced at $3,647.98, down about 7.68% in the last 24 hours;

BNB is priced at $681.23, down about 6.00% in the last 24 hours;

DOT is priced at $8.15, down about 20.42% in the last 24 hours;

DOGE is priced at $0.3901, down about 14.12% in the last 24 hours.

Cryptocurrency market dynamics

The total market capitalization of stablecoins has surpassed $200 billion, reaching a historic high.

According to data from The Block, the total market capitalization of stablecoins has reached a historic high, surpassing $200 billion, an increase of 13% from last month.

Introduction

In 2022, there were discussions about DeFi 2.0 in the market. Compared to the trading structure of CEX, theoretically, under static development, the trading volume of the DeFi market had about 13 times the potential for growth at that time. This market capacity is sufficient to spawn higher-level DeFi projects. However, over the past two years, progress in the market has been slow, and discussions about DeFi 2.0 have faded; the market performance of DeFi projects has also declined, failing to outperform fundamentals, Bitcoin, and even some infrastructure sectors.

The reason, we believe, is that the previous stage of DeFi was merely the financialization of a zero-sum game familiar to traditional financial speculation. On one hand, compared to the role of capital allocation in traditional finance, DeFi has had little effectiveness in the past; on the other hand, DeFi's role and function in the crypto world have only skimmed the surface, lacking a firm position in the construction of the economic system of the crypto world.

According to statistics from Dedede Think Tank, as of December 8, 2024, 12:00, there are a total of 15,970 cryptocurrencies in the global digital currency market. The total market cap is $3,862,926,245,280 (approximately $386.29 billion). This week, the total market cap of digital currencies has increased by about $300.1 billion compared to last week, with an increase of approximately 8.43%.

The mainstream digital currency market rose overall last week.

According to statistics from Dedede Think Tank, as of December 8, 2024, 12:00, the mainstream digital currency market rose overall last week.

Among them, the price of BTC rose from $97,070.07 to $99,160.77, an increase of approximately 2.15%;

Block unicorn Block unicorn December 8, 2024 17:00 UAE Author: REKT Article translated by Block unicorn

Hailey Welch, the clown and scammer of the crypto industry, saw her issued token plummet 91% in three hours.

Some people only enjoy that brief 15 minutes of fame, as dazzling as fireworks; others, like an old clown stuck on stage, stay too long and become awkwardly unable to exit...

In this era of 'seeking attention' in the cryptocurrency field, every moment of viral spread seems to give birth to a token. Thus, we welcomed the Hawk Girl—Hailey Welch and her $HAWK token, which once soared to an astonishing $490 million market cap but plummeted 91% just three hours later.

Original by Cat Brother, Wu Said Blockchain, Wu Said Real, December 9, 2024, 09:01, Shandong.

Editor | Cat Brother, Wu Said Blockchain.

On December 6, the incoming U.S. President Trump will appoint David Sacks as the White House Director of Artificial Intelligence and Cryptocurrency, making him the new 'Crypto Czar' of the White House.

David Sacks is a South African-American entrepreneur and author, who was the Chief Operating Officer during PayPal's founding period and has publicly expressed support for Bitcoin and cryptocurrencies multiple times. He believes Bitcoin is a tool against traditional financial systems and centralization, particularly highlighting its value in the context of global economic uncertainty and currency devaluation. He thinks DeFi and blockchain technology can make the financial system more transparent. David Sacks has invested in several cryptocurrency projects through his venture capital firm Craft Ventures, including: dYdX, Lightning Labs, River Financial, Kresus, Set Protocol, FOLD, Harbor, Handshake, Voltage, Galy, Lumina, Rare Bits.

Block-1486

In the past two years, Crypto asset developers and venture capitalists have been overly focused on supporting infrastructure projects while neglecting consumer-facing applications.

Looking around the Crypto asset industry, one can find a plethora of tools for developers to integrate privacy features, decentralize information, and scale platforms, but there is a lack of applications that can utilize these tools.
Blockchain may provide a solution to this problem.
Moreover, Crypto assets and underlying blockchain technology have the potential to fundamentally change the way interactions occur both online and in the real world.
Especially as a verification tool, blockchain can address the increasingly severe crisis in the consumer goods market by providing an immutable and authentic source for verifying information.

John Maynard Keynes, the father of macroeconomics, proposed the concept of 'animal spirits,' believing that the market is driven by investor confidence and expectations. MEME is undoubtedly the cryptocurrency asset that is the highest indicator of 'animal spirits,' deeply influenced by community sentiment. Interestingly, animal-related MEMEs are also the most influential and highest in market value among all MEMEs, perhaps because the little animals around us can evoke collective resonance.

Recently, with the dust settling from the US elections, Bitcoin successfully broke through the $100,000 milestone, officially kicking off the altcoin craze. A series of cultural symbols derived from animal concepts, such as dogs, frogs, and cats, have also emerged as significant players in this wave, becoming one of the most worthwhile sectors to invest in. Among cat-themed Meme projects, 'cat in a dogs world' (MEW) stands out the most.

Daily Market Update (December 06, 2024, 10:00 AM)

ChainDD market data on December 06 shows that the comprehensive index and CoinMarketCap quotes:

BTC reported at $98,669.73, up about 1.38% in 24 hours;

ETH reported at $3,873.87, up about 1.65% in 24 hours;

BNB reported at $731.28, up about 3.74% in 24 hours;

DOT reported at $10.71, up about 6.80% in 24 hours;

DOGE reported at $0.4369, up about 5.56% in 24 hours.

Cryptocurrency News

CZ comments on 'Amazon shareholders propose adopting a Bitcoin strategy': Simple question, will they accept Bitcoin payments?

CZ commented on X: 'Amazon shareholders proposed that the company explore adopting a Bitcoin financial strategy': Simple question, will they accept Bitcoin payments? (Simple, Accept bitcoin payments?)'

Written by: Babywhale, Techub News

Yesterday, (the Financial Times) published an 'apology letter' with a meme as its cover. Upon seeing the title, one might think it was (the Financial Times) reflecting on its previous negative reports on Crypto in light of Bitcoin officially breaking the $100,000 mark. However, if you read this ironic short article closely, you will find that rather than an apology letter, it is more of a counterattack by kind-hearted journalists against injustice.

(The Financial Times) wrote in the first paragraph of the apology letter:

Frequent visitors to (FT Alphaville) might get the impression that its authors, whether current or past, are skeptical about cryptocurrencies, especially Bitcoin. This is correct.

Why has Hong Kong become a hub for Web3 companies?

Due to its unique geographical location, historical background, and 'One Country, Two Systems' policy, Hong Kong has long been a core hub for international finance, business, and shipping. This background has endowed it with a sound financial system, a robust legal framework, and a transparent judicial system, providing an excellent business environment for enterprises. In recent years, with the Hong Kong government's focus and support for Web3 technology, Hong Kong's attractiveness to Web3 companies has significantly increased.

Core Advantages for Web3 Companies Choosing Hong Kong

1. Geographical and System Advantages

Geographical Location: As an important gateway to the Chinese mainland and Southeast Asian markets, Hong Kong connects major economies in Asia and serves as an ideal springboard for global companies entering the Asian market.

Author: Nancy, PANews

With the ongoing innovation and optimization of decentralized finance (DeFi), it is becoming one of the key driving forces for large-scale adoption narratives in the crypto market. Especially against the backdrop of traditional financial giants entering the space, the potential of DeFi has been further unleashed. Although DeFi has made significant progress over the past few years, it still faces a series of challenges such as liquidity fragmentation, high barriers to entry, and poor user experience, which limit further development of DeFi.

To promote comprehensive market expansion, many DeFi protocols have undergone mechanism iterations and upgrades. Recently, the decentralized derivatives exchange dYdX officially launched dYdX Unlimited, introducing a series of new features such as the automated liquidity pool MegaVault, instant market listing, and lifetime commissions, providing users with a more efficient and flexible trading experience while unlocking more potential and vitality in the DeFi market.

Written by Yangz, Techub News

Since December 21, 2020, the battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has lasted for nearly 4 years. During this period, although XRP once rose to 1.9 USDT in the 21-year bull market, it has almost hovered around 0.5 USDT in the subsequent long bear market. Although there are occasional rebounds due to "profits from litigation", XRP is actually no longer an ideal target for investors.

However, what many people didn’t expect was that after Trump was announced as the next president of the United States in November, XRP began to rise sharply, and on Monday it rose to 2.9 USDT (it fell back to 2.55 USDT at the time of writing), setting a new record high. Its market value also surpassed Solana in one fell swoop, returning to the third place.

Written by: a16z crypto

Team compilation: Yangz, Techub News

Carra Wu, partner of a16z crypto investment team: AI needs its own wallet to act as an agent

As AIs move from NPCs (non-player characters) to protagonists, they will begin to act as agents. However, until recently, AIs have not been able to truly act as agents. They still cannot participate in markets in a verifiable autonomous way (not controlled by humans), such as exchanging value, showing preferences, or coordinating resources.  As we have seen, AI agents (such as Truth terminal) are already using cryptocurrencies to transact, opening the way for all kinds of creative content. They have greater potential to become even more useful. They can both implement human intent and become independent network participants. As AI agent networks begin to manage their own wallets, signing keys, and cryptocurrency assets, we will see interesting new use cases emerge, such as AI operating or verifying nodes in DePIN (such as helping to achieve distributed energy), becoming true high-net-worth gamers, and even the first AI-owned and operated blockchain.

Written by: Vitalik Buterin

Compiled by: Yangz, Techub News

Wallets are a crucial layer in the Ethereum infrastructure stack, but they are often undervalued by core L1 researchers and developers. Wallets are the window for users into the Ethereum world, and users can only benefit if the wallet itself also has the characteristics of decentralization, censorship resistance, security, privacy, or other features provided by Ethereum and its applications. In recent years, we have seen significant progress in Ethereum ecosystem wallets in improving user experience, security, and functionality. The purpose of this article is to share my personal views on some attributes that an ideal Ethereum wallet should have. This list will not be exhaustive but reflects my crypto-punk tendencies. For wallets, I prioritize security and privacy, as there is unlikely to be a perfect wallet in terms of user experience. I believe that wish lists are not as effective for optimizing user experience as deploying and iterating based on feedback. In my view, focusing on security and privacy attributes is the most valuable approach.

As a global mini-game open platform, PlaysOut provides WeChat framework compatibility, develops SDK interfaces for super application development, and supports rapid access to mini-programs and mini-games. Through continuous technical capability building and developer ecosystem cultivation, PlaysOut is expanding the global market and is committed to building a scalable open platform for mini-programs and mini-games.

Recently, PlaysOut and Aptos officially reached a strategic cooperation, and both parties will conduct in-depth cooperation in the Web3 gaming ecosystem to jointly create innovative gaming experiences for global users. This cooperation covers multiple dimensions such as ecological construction, product development, and user experience, marking an important step for both parties in promoting the development of the Web3 gaming ecosystem.

Daily Market Update (December 6, 2024, 10:00 AM)

ChainDD market data for December 6 shows that the composite index and CoinMarketCap quotes:

BTC is quoted at 95,836.61 USD, down about 0.27% in the last 24 hours;

ETH is quoted at 3,641.88 USD, up about 0.75%;

BNB is quoted at 747.48 USD, up about 14.85%;

DOT is quoted at 9.88 USD, down about 3.24% in the last 24 hours;

DOGE is quoted at 0.4154 USD, down about 1.78%.

Blockchain Circle Dynamics

a16z predicts cryptocurrency trends for 2025, involving tokenization use cases and AI and blockchain integration.

a16z has listed key areas in the cryptocurrency industry for the coming year, emphasizing the use cases of tokenization and the integration of artificial intelligence with blockchain technology as potential growth drivers.

On December 5, Beijing time, Trump announced a series of nominations on his social media, among which the nomination for SEC Chairman is of utmost concern to the crypto world. Trump stated:

I am pleased to announce the nomination of Paul Atkins as the next Chairman of the U.S. Securities and Exchange Commission.

Paul is recognized as a leader in common-sense regulation. He believes in the promise of strong, innovative capital markets that can respond to investor needs and provide capital to make our economy the best in the world. He also recognizes that digital assets and other innovations are crucial for making America greater than ever.

Daily Market Report (December 5, 2024, 10:00 AM)

ChainDD's market data on December 5 shows a comprehensive index and CoinMarketCap quotes:

BTC is reported at $95,836.61, down about 0.27%;

ETH is reported at $3641.88, up about 0.75% in 24 hours;

BNB is reported at $747.48, up about 14.85%;

DOT is reported at $9.88, down about 3.24%;

DOGE is reported at $0.4154, down about 1.78% in 24 hours.

Chain Circle Dynamics

a16z predicts 2025 crypto trends involving tokenization use cases and AI and blockchain integration.

a16z listed key areas for the cryptocurrency industry in the coming year, emphasizing that the use cases for tokenization and the integration of artificial intelligence with blockchain technology are potential growth drivers.