Babylon Bitcoin Staking Phase-1, Cap-3 opens on December 10th, 2024, around 11:00 UTC
▫️Cap-3 will run for 1,000 BTC blocks (roughly one week)
▫️ Minimum stake per transaction: 0.005 BTC
▫️Maximum stake per transaction: Increased to 5,000 BTC
▫️ Pioneering innovation in point allocation
First 300 BTC blocks: 100,000 points per block.
Remaining 700 BTC blocks and beyond: 21,000 points per block.
▫️Cap-3 stakes unbonding transaction fee will remain 0.00032 BTC
https://x.com/babylonlabs_io/status/1861042310802235653
The Customs and Border Protection Agency (CBP) is holding certain imports of Antminer ASICs at ports of entry to the United States.
According to seven U.S.-based bitcoin mining companies, the Federal Communications Commission (FCC) has requested the CBP to hold certain shipments of Bitmain ASIC miners at ports of entry. The CBP has held some of these shipments for two months.
https://miningpod.blockspace.media/p/bitmain-units-are-being-halted-at-u-s-ports
SynFutures has introduced the SynFutures Foundation and the F token
Total supply: 10,000,000,000 F
Community: 28.5%
Airdrop: 7.5%
Listing details and its checker will be announced later.
https://medium.com/synfutures/introducing-synfutures-foundation-and-the-f-token-207bf843f0eb
Binance Labs has invested in Kernel, the core restaking infrastructure on BNB Chain
Kernel will first launch on BNB Chain using BNB Liquid Staking Tokens (LSTs) and restaked BNB as economic security to support DeFi innovation on BNB Chain. Plans for expansion include incorporating BTC and its derivatives as restaked economic security. Over 20 decentralized applications (dApps), including decentralized AI coprocessor, Mira, and ZK proof aggregation protocol, Electron, are going to leverage Kernel’s economic security.
https://x.com/BinanceLabs/status/1861047279270195381
Andrei Grachev: „Cause the US elections have the major impact on the US market, I would consider projects with the US roots and lead VC as top gainers in the short term.“
https://x.com/ag_dwf/status/1861025544550179013
Bybit, MEXC, Gate.io, KuCoin listed Zircuit (ZRC).
ZRC is now trading at $0.06
FDV: ~$600M
https://www.bybit.com/en/trade/spot/ZRC/USDT
https://www.mexc.com/exchange/ZRC_USDT
https://www.gate.io/trade/ZRC_USDT
https://www.kucoin.com/trade/ZRC-USDT
BakerySwap has unveiled the upcoming launch of BakerySwap's next-generation products:
1. Multi-chain Swap & Aggregator
2. Multi-chain "PumpFun"
3. MemeFi Staking & Earning
https://x.com/bakery_swap/status/1860955246857760813
Sky Mavis, the blockchain startup known for Axie Infinity, has announced it will reduce its workforce by 21%.
This decision will affect around 50 employees, given their global team numbers around 250.
https://www.techinasia.com/news/sky-mavis-lays-21-workforce
Andrew Kang: “The DeSci space right now feels like the early 2019 DeFi days. Everything is still raw, experimental, but there's an underlying understanding from this involved that there is massive potential.
It's likely that the current projects won't have the same model/product as they will in the future but that's because they are developing through iteration. It was this way with Maker, Synthetix, and Aave in 2019 which were clunky microcaps that are now massive protocols”.
https://x.com/Rewkang/status/1860722553326850398
Cantor Fitzgerald is expected to acquire approximately 5% of the ownership interest in Tether.
https://x.com/wublockchain/status/1860508951277895805
💧 Top Solana Ecosystem Coins in Accumulation Phase
👉 https://dropstab.com/insights/accumulation-phase
Tether minted 2B USDT
https://whale-alert.io/transaction/ethereum/0x8def33c87eefe026cec2d9921e5eefc1bc945ff02ccef66ac9453a1c48bd143f
Spot ETF Flow on 22.11: BTC-ETF +$490.35M, ETH-ETF +$91.21M
https://sosovalue.com/assets/etf/us-btc-spot
Global ETF provider WisdomTree has registered in the state of Delaware for an XRP ETF.
Wisdom Tree has over $100 billion in assets under management.
https://x.com/EleanorTerrett/status/1861081346774310943
The crypto market is down
BTC Dominance - 56.92%
Market Cap - $3.29T
BTC - $94,690.16 (-2.92%)
ETH - $3,446.5 (+3.07%)
BNB - $644.09 (-1.56%)
SOL - $238.3 (-4.9%)
INJ - $27.6 (+0.57%)
TON - $6.23 (+2.4%)
SUI - $3.24 (-2.62%)
ZRO - $4.37 (+0.18%)
https://dropstab.com
Bitwise Asset Management announced that its Bitwise Onchain Solutions division will offer staking services on Starknet
https://bitwiseinvestments.com/newsroom/bitwise-onchain-solutions-to-offer-non-custodial-staking-for-starknet
MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per bitcoin
https://x.com/saylor/status/1861033309934862601
The Solana network saw over $109 billion in DEX trading volume in November.
https://www.theblock.co/post/328019/solanas-monthly-dex-volume-surpasses-100-billion-for-the-first-time
Binance Futures will launch the following perpetual contracts with up to 75x leverage as below:
2024-11-25 11:30 UTC: 1000WHYUSDT Perpetual Contract
2024-11-25 11:45 UTC: 1000CHEEMSUSDT Perpetual Contract
https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-1000whyusdt-and-1000cheemsusdt-perpetual-contracts-with-up-to-75x-leverage-3dd2c1e3f5f040ac9f7a94c6597ef842
Lumoz has introduced the feature of Lumoz OG NFT: instant esMOZ to MOZ conversion
https://x.com/LumozOrg/status/1860957988976210342
The head of South Korea’s top financial regulator has dismissed the notion of creating a national Bitcoin reserve “for the time being.”
https://cryptonews.com/news/south-koreas-top-regulator-dismisses-talks-of-building-national-bitcoin-reserve/
In the past 24 hours, the total liquidations comes in at $498 million
https://www.coinglass.com/LiquidationData
The HECO Network will retire on Jan 15, 2025 (UTC), coupled with the removal of some HRC20 assets (i.e. HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT).
Holders of these HRC20 assets can visit HecoDAO's official website (https://heco123.com) and deposit their assets to the designated address before Jan 10, 2025.
The deposited assets will be calculated at their prices on Nov 10, 2024, with each 1 USDT equivalent converting to 1 point. Points will be linked to the users' wallet addresses connected to their HECO accounts. Upon the conversion deadline of Jan 10, 2025, all accrued points will undergo a final calculation and redemption to HTX, with 1 point ≤ 200,000 HTX.
Linear distribution of HTX will commence on January 15, 2025, and will be completed in 12 batches. Users’ TRON network addresses, as provided during the point redemption process, will be used to receive HTX.
Further instructions on the HTX claim process will be provided in due course.
https://www.heco123.com/en-us/
The crypto market is down
BTC Dominance - 57.71%
Market Cap - $3.35T
BTC - $97,840 (-0.53%)
ETH - $3,365.22 (-1.97%)
BNB - $658.97 (+0.01%)
SOL - $252.41 (-2.57%)
INJ - $27.58 (-3.42%)
TON - $6.08 (-5.51%)
SUI - $3.36 (-4.38%)
ZRO - $4.49 (+10.83%)
https://dropstab.com
On November 23, the price of the WBTC/USDT trading pair on Binance crashed, and the price fell to 5209 USDT at one point, and then quickly returned to normal.
https://x.com/wublockchain/status/1860504033439752521
The crypto market is growing
BTC Dominance - 57.20%
Market Cap - $3.40T
BTC - $98,079.99 (-0.43%)
ETH - $3,421.5 (+2.13%)
BNB - $659.5 (+2.07%)
SOL - $257.53 (-1.69%)
INJ - $28.56 (+0.19%)
TON - $6.47 (+15.95%)
SUI - $3.5 (-2.28%)
https://dropstab.com
Magic Eden (ME) TGE will be on December 10.
https://x.com/MEFndn/status/1859994632555549007