Mars 财经Crypto Daily Dec 19, 2023
1. Today's news
Helium Mobile has adjusted the cryptocurrency rewards rules for its mobile phone program, stating that new subscribers must wait 8 days before claiming MOBILE tokens. The spike in MOBILE prices, which have risen by more than 2,000% this month, has helped attract thousands of new users to purchase and use Helium Mobile and its mapping services. According to data site Helium Geek, more than 6,700 wallets received token rewards on Sunday, more than 2 times the number a week ago.
On Monday, BlackRock filed a revised spot bitcoin ETF application with the SEC. According to the filing, BlackRock's ETF will use a cash subscription and redemption mechanism, which is also the model favored by the SEC. (CoinDesk) Previously, it was reported on December 14 that Invesco (Invesco) and Galaxy have submitted the third revised S-1 document (prospectus) of the Bitcoin spot ETF "Invesco Galaxy Bitcoin ETF" to the SEC in the United States, in which they promised to focus on launching a Bitcoin ETF created only by cash. Eric Balchunas, an analyst at Bloomberg ETFs, pointed out that this is a clear signal that the SEC has a preference for cash creation in the initial approval of ETF products.
The Starknet mainnet v0.13 update will take place on January 10, 2024, when Starknet will support STRK tokens to pay for Gas.
Injective's inscription project, INJS, announced the launch of the first inscription marketplace in the Injective ecosystem on the X platform. The INJS will be inscribed from the block height of 54,875,300 (expected to be 23 o'clock Beijing time today).
The U.S. Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Northern District of Illinois has approved its previously announced settlement with Binance and signed an injunction and civil penalty against Changpeng Zhao (CZ) and his companies Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited. CZ will pay $150 million to the CFTC and Binance will pay $2.7 billion to the CFTC, and the order also requires CZ and Binance to certify the existence, application, and effectiveness of compliance controls and permanently bars them from further violations.
The U.S. Securities and Exchange Commission (SEC) has postponed a resolution on ARK Invest/21Shares, VanEck's Ethereum spot ETF application, with the original deadline of December 26 and the new resolution date of late May 2024, according to a filing posted on social media X by Bloomberg analyst James Seyffart.
According to Coindesk, Bitcoin network transaction fees have soared due to the increase in Ordinals inscription transactions, with transaction fees on the Bitcoin blockchain reaching more than $37 on Sunday, a level that was last reached during the April 2021 bull run. Data from BitInfoCharts shows that the average cost of the network in September and early October of this year was $1-2. The surge was largely fueled by the resurgence of Ordinals, with users creating more than 1.2 million new inscriptions from Friday through Sunday, according to Dune Analytics charts 21.co by crypto asset managers.
2. Selected articles
Crypto narratives can help market participants make sense of what's happening, with AI, RWA, and GameFi being key narratives in 2024 that offer DeFi-powered solutions that support multiple networks that can tokenize assets, offer collateralized borrowing and floating interest rates, and tokenize yields, among other features. The five major narratives in the GameFi space offer a diverse range of games to engage users around the world, and a deep understanding of them can reap the greatest benefits.
With the popularity of the Bitcoin inscription track, this article takes stock of nearly 30 inscription infrastructure projects, including wallets, cross-chains, trading markets, minting tools, data & queries, etc. Among them, TeleportDAO is a cross-chain Ordinals marketplace, the total transaction volume of the OKX Web3 wallet Ordinals market has exceeded $500 million, BIIS is the ultimate all-in-one convenient technology stack of BRC20 tokens, Ordiscan is an Ordinals browser, Ordinals Directory is an NFT series aggregation platform, and OrdinalHub is a collection of discovery, A one-stop data platform for tracking and analyzing Bitcoin NFTs.
Vitalik's cats, Toly's dragons, when this edition of memes set their sights on the founders' pets...
In 2021, the popularity of the crypto market continued in the form of a pet meme season, represented by Musk's Shiba Inu Floki, with a market value of 350 million, ranking around 150th on the market value list. This year, it has become a popular meme to study the pets raised by the founders of Web3 projects and create a meme coin with a similar name and image, triggering the Fomo effect. But can the crypto market boom also come simply?
3. Project interpretation
Last week, the price of NFTs on mainstream public chains rose, and Bitcoin NFTs also rose a lot this week, among which Bitcoin Frogs rose the most, and Bitmap.land is the first metaverse project in the Bitcoin ecosystem. Goosinals, MNCHRMS, DogePunks, and Fuzzy Fox are four Bitcoin ordinal NFT collections, and TOOTHY is the first DMINT NFT on the Atomicals protocol, with a crocodile image as the theme, and is the leading NFT of the Atomicals protocol. DogePunks is focusing on the development of Asian communities, and Fuzzy Fox aims to build an active community environment through artistic and cultural creation.
The popularity of DePIN concept coins continues to rise, with a total market capitalization estimated to exceed $2.2 trillion, and the top 10 DePIN concept projects include Helium, Helium Mobile, Storj, IoTeX, DIMO, etc., with a market value of hundreds of millions of dollars. The DePIN concept on Solana has ignited the entire DePIN track, and institutions such as Messari, Wanxiang Blockchain, Multicoin, and HashKey Capital have also paid attention to DePIN. Hivello, Grove, Future Money Group, and the IoTeX Foundation launched a $5 million DePIN accelerator program, but there is still a long way to go before mass adoption.
The market capitalization of the BRC-20 protocol is more than $3 billion, and this article examines six low-cap BRC-20 protocols, such as CHAX Bitcoin, OrdiZK, Ordinal Tools, Dova Liquidity Protocol, NxHub, and OrdBridge, etc., which have the potential to grow 100-fold, but also need to be aware of investment risks.
4. Investment and financing
Wynd Network, a startup focused on allowing users to make money by selling unused internet bandwidth, recently announced the closing of a $3.5 million seed round led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V, and Mozaik, among others.
The company's first product, Grass, is a decentralized web crawler network designed to help companies and nonprofits train artificial intelligence. Chris Nguyen, CTO of Wynd Network, said Grass will produce datasets that can be traced back to its origins, allowing people to be fairly compensated for their contributions to the network.
"We've explored many ways to make public network data more accessible to open source AI projects, and we believe decentralization is the only way to do that in an ethical and efficient way," Nguyen told DL News. 」
According to reports, Grass currently allows users to provide unused internet bandwidth through a Web browser extension to earn points that will be "retroactively converted to network ownership" at the end of the product's beta phase. Many observers expect that Grass will transfer ownership of the network to early adopters in the form of tokens, similar to many decentralized autonomous organizations or DAOs. Wynd Network says that once the product ends its beta phase, users will be able to earn up to $30 per month by selling bandwidth.
Danal旗下子公司Danal Entertainment宣布已获得Hana Financial Group战略基金的投资。 通过此次投资，Danal Entertainment和Hana Financial Group将建立代币证券（ST）生态系统。 （Decenter）
Previously, in November, South Korea's Hana Securities announced the selection of INF Consulting as the technology partner of its STO platform. The platform is scheduled to launch in the second half of 2024. The platform services will cover both issuance and distribution, and it confirms that it remains actively involved in the Next Finance Initiative (NFI) alliance with Mirae Asset Securities and SK Telecom to help promote the STO (Digital Securities) market.
Fyde Treasury, a blockchain technology company led by a former NASA scientist, has announced that it has closed a $3.2 million seed funding round led by OP Crypto Ventures with participation from prominent funds and angel investors such as Arrington Capital, BigBrain Holdings, and Merit Circle. Fyde Treasury is stress-tested and optimized with a simulation engine. The system uses heuristic and stochastic proxy-based modeling to model the token design and create a consistent incentive structure between blockchain companies, decentralized computers, and token holders.
MetaFight, a blockchain-based mixed martial arts (MMA) management game, has received a strategic investment from Animoca Brands, which will benefit from Animoca Brands' network of partnerships and expertise in the blockchain space to expand its business and improve its gaming services. Metafight, an ecosystem dedicated to digitizing MMA and connecting it to the real world, has become a collector's card for professional MMA fighters with the first upcoming management card game (MCG), in addition to the next version of the MCG planned for 2024.