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新闻与见解

BTC's dominance is steady at 55.3%

BTC's dominance is steady at 55.3%

Hot projects + Market overview

I. Mainstream exchange news

  • WOO X has launched the ULTI/USDT perpetual contract trading and launched the Movement (MOVE) for spot trading.
  • Bitget has launched NS/USDT perpetual contracts with up to 20x leverage.
  • Binance Wealth Management, One-Click Buy, Flash Exchange Trading Platform, Leverage, Dollar-Cost Averaging Platform, and Binance Futures launched ACX/USDT and ORCA/USDT on December 6.
  • Bybit has launched F/USDT perpetual contracts with up to 50x leverage.
  • Wintermute,a global digital asset market maker, has become the market maker for Binance's newly listed token ORCA.

II. Mainstream projects and trending events

  • Stock and crypto trading app eToro has partnered with Goldman Sachs Group Inc.for a US Initial Public Offering (IPO).
  • The ME Foundation has announced that the ME Token Generation Event (TGE) will take place on December 10.
  • Swan Chain, an AI super chain led by Binance Labs,  will launch SWAN token TGE on December 16.
  • The US National Center for Public Policy Research (NCPPR) has proposed that Amazon consider adopting a Bitcoin reserve strategy.
  • Tokens including Aptos (APT), Starknet (STRK), and Sei (SEI) will see significant unlocks this week, with 11.31 million APT, 64 million STRK, and 55.56 million SEI tokens being released into circulation.
  • At The Block Summit Emergence roundtable discussion, the participating guests believed that the value AI is most likely to bring to encryption is merely helping improve coding efficiency.
  • According to Bitcoin News, Eric Trump, the son of Donald Trump, will attend and speak at the Bitcoin MENA Summit, which will be held in Abu Dhabi from December 9 to 10.
  • According to IntoTheBlock, the market share of altcoins has risen slightly, and the altcoin season may have arrived.
  • Bloomberg senior ETF analyst Eric Balchunas stated that Solana ETF issuers may resubmit applications after the new the SEC chairman Paul Atkins takes office.
  • EigenLayer, an Ethereum restaking protocol, is planning to launch an upgraded Rewards v2 in January in 2024, aiming to enhance the flexibility of the restaking ecosystem.
  • Streamflow, a Solana ecosystem project, has announced that the STREAM token airdrop will go live on December 17, with a dynamic redemption model for airdrops.
  • Stablecoin protocol Usual has stated that it has opened airdrop inquiries and will conduct the USUAL airdrop in mid-December.
  • Financial Times has reported that OpenAI is in talks with Microsoft to potentially remove the AGI clause that limits Microsoft's use of OpenAI's technology upon the development of Artificial General Intelligence.
  • Sushi, a multi-chain decentralized exchange platform, has announced a 2025 plan that includes the launch of multiple products including Wara, a trading platform on the Solana chain, and Susa, a perpetual DEX platform on the Ethereum.
  • Jesse Pollak, head of Base Protocol, has expressed enthusiasm on X, tweeting that both the Base community and himself are excited to welcome Pudgy Penguin and its token, PENGU.
  • Blockchain and cryptocurrency tracker Arkham showed that BlackRock has purchased $500 million worth of ETH this week.

III. Funding news

  • Suilend, a protocol in the Sui ecosystem, has completed a $4 million funding round, led by Robot Ventures.

IV. Regulatory news

  • The UK Financial Conduct Authority (FCA) has issued a warning to Pump.fun for providing financial services or products without authorization. Users from the UK are not ake to use Pump.fun.
  • Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions.
  • Argentina's securities regulator approved foreign investment products for cryptocurrency ETFs, opening new market opportunities.
  • The Central Bank of the Philippines (BSP) has completed the proof-of-concept trial for its Project Agila wholesale central bank digital currency (wCBDC), testing interbank payments outside regular banking hours, with BSP Governor Eli M. Remolona Jr. noting that wCBDC could enhance liquidity management, reduce settlement risks, and support financial stability.

V. Popular projects 

Market overview

Bitcoin has briefly crossed the $100,000 mark before retreating to around $99,000. The pullback from all time high was due to hawkish comments from U.S. Federal Reserve officials, hinting that rate cuts may be off the table in the near term. BTC’s market dominance has stabilized at 55.38%. ​

Altcoins are active, particularly in the RWA, DeFi, and memecoin sectors. A key indicator will be whether Bitcoin's dominance falls below 50% after adjustments, which could indicate further expansion for altcoins.

DFI: Resurgence in old DeFi projects

DeFiChain is a blockchain platform that claims to deliver fast, intelligent, transparent decentralized financial services.

To ensure immutability and security, it anchors its data to the Bitcoin blockchain every few minutes. Launched in July 2020, DFI once saw a peak rise of over 30 times its initial value but dropped over 95% in the bear market.

Recently reactivated by renewed interest in DeFi projects, DFI's market cap has reached $50.5 million.

CULT: Official token launch

On December 9, following a highly anticipated presale that raised $20.53 million, the CULT token was officially released by Milady's team.

The upcoming launch of the PENGU token sparked increased interest in Milady's community, briefly pushing the value of the CULT token above $1 billion. 

Currently, CULT's market cap has settled at $680 million, maintaining high market interest.

YEETI: Hyperliquid ecosystem meme

YEETI is a memecoin within the Hyperliquid ecosystem, featuring a monkey. Each tweet from YEETI is paired with an image, contributing to its visibility.

Recently, as the HYPE market cap exceeded $4.5 billion, the ecosystem's liquidity has increased, enhancing YEETI's profile.

YEETI has a market cap of $11.7 million.

CATBAL: Hyperliquid ecosystem memecoin with NFTs to come

CATBAL is a memecoin on the Hyperliquid ecosystem, featuring a cat.

The project has its comic series and plans to launch corresponding NFTs on the Hyperliquid EVM in the future.

After its token launch on October 27, CATBAL's price surged over 16x, with a current market cap of $80.85 million.

HFUN: Hyperliquid ecosystem trading bot

Hypurr.fun is a Telegram-based trading bot for Hyperliquid tokens, offering features like new token sniping, token deployment, recommendations, and profit-loss tracking.

The HFUN token distribution is as follows: 30% to $PURR holders, 30% to creators, and 40% for liquidity. Trading fees are entirely used to purchase HFUN.

Currently, HFUN's market cap is $55.17 million.

PIN: RWA tokenization DePIN platform

PIN is a DePIN platform focused on the tokenization of real-world assets. It allows DePIN asset owners to rent out their capacity for decentralized token payments and tokenize their devices as real-world assets.

Tokens are directly issued on-chain, with 80% allocated to Uniswap LP deployment, 10% for staking release, and 10% for CEX listings.

The current market cap of PIN is $189 million.

On-chain daily

1. CULTCULT is a memecoin on Ethereum, launched by Milady founder, with its token release announced in June but randomly issued today.

2. JAILJAIL is a memecoin on Solana, representing the first open-source decentralized application where users can test AI models, discover vulnerabilities, and earn rewards by "jailbreaking." The project has been taken over by the community (CTO).

3. LQNALQNA is a project on Hyperliquid combining AI agents with NFTs, allowing users to create and interact with AI-powered digital girlfriends. Token holders can earn points that correlate to future airdrops and NFTs.

4. APPLEAPPLE is a memecoin on Solana, inspired by a TikTok concept where an AI-generated dog holding an apple went viral, amassing over 10 million views.

5. MADMAD is a memecoin on the Solana network, symbolized by a purple demon, representing a crazy "Degen" concept. Rumors suggest that it may soon be listed on exchanges.

6. QGGQGG is an AI agent token on the Solana network, offering a visual way to detect token holder structures, like "whale" wallets or vulnerabilities, similar to the AI-driven Bubblemap.

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

  • The current BTC transaction fee is 6 satoshis/byte.
  • The price trend remains consistently low, with overall stability.

Fractal Bitcoin Gas Fee Update:

  • Transaction fees are now 6 satoshis/byte.
  • Gas Fee has seen a significant increase, and trading activity is high.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $47.83
  • 24-Hour Change: -2.4%
  • Market Cap: $1.0306 billion

DOG:

  • Current Price: $0.0095
  • 24-Hour Change: +12.51%
  • Market Cap: $959.38 million

FB:

  • Current Price: $6.53
  • 24-Hour Change: +5.8%
  • Market Cap: $50.53 million

Today's Popular Projects:

GLIZZY: A fractal Bitcoin inscription project featuring hot dogs.

  • Current Market Cap: $1.49 million
  • 24-Hour Trading Volume: $495.78
  • 24-Hour Change: +8.77%
  • Number of Holders: 18,014

wzrd: The wizard meme image created by artist @mavensbot on February 18, 2013, and popularized on Reddit. It is one of the most iconic and widely circulated memes in the BTC ecosystem.

  • Current Market Cap: $114.99 million
  • 24-Hour Trading Volume: $138.67K
  • 24-Hour Change: +11.02%
  • Number of Holders: 8,205

SATOSHI•NAKAMOTO: A rune project featuring Satoshi Nakamoto.

  • Current Market Cap: $13.9 million
  • 24-Hour Trading Volume: $8.62K
  • 24-Hour Change: +22.59%
  • Number of Holders: 16,158

Performances of today's top three tracks

DeFi: Overall Daily Sector Change: +0.65%

1. IDEX: A decentralized exchange with hybrid liquidity.

  • Daily Increase: +62.80%
  • Current Price: $0.10102
  • Market Cap: $91.22 million
  • 24-Hour Trading Volume: $330.84 million
  • Recent Updates: Launched a points program, "Trade Stack Points," allowing users to claim IDEX rewards every Friday.

2. SUSHI: A decentralized exchange forked from Uniswap's source code.

  • Daily Increase: +29.16%
  • Current Price: $2.525
  • Market Cap: $486.79 million
  • 24-Hour Trading Volume: $1.65 billion
  • Recent Updates: Launched a referral program with rebates on trading fees.

3. MLN: A DeFi asset management system for integrating funds, and DAO treasuries, and acting as a protocol aggregator.

  • Daily Increase: +26.23%
  • Current Price: $27.96
  • Market Cap: $40.65 million
  • 24-Hour Trading Volume: $64.03 million

NFT: Overall Daily Sector Change: -0.72%

1. MUSE: An NFT liquidity protocol that allows tokenizing NFTs for trading on decentralized exchanges.

  • Daily Increase: +35.53%
  • Current Price: $17.064
  • Market Cap: $16.21 million
  • 24-Hour Trading Volume: $9.14 million

2. OMI: A one-stop platform for digital collectibles.

  • Daily Increase: +25.96%
  • Current Price: $0.0006972
  • Market Cap: $188.91 million
  • 24-Hour Trading Volume: $6.71 million

3. SUPER: An NFT platform offering tools like NFT Launchpad, NFT Farming, and NFT trading.

  • Daily Increase: +8.64%
  • Current Price: $2.1058
  • Market Cap: $951.18 million
  • 24-Hour Trading Volume: $144.67 million
  • Recent Updates: Upcoming SOON airdrop for eligible SUPER stakers.

RWA: Overall Daily Sector Change: -1.24%

1. USUAL: A stablecoin protocol launching stablecoins pegged to assets like US Treasury Bonds.

  • Daily Increase: +24.02%
  • Current Price: $0.5974
  • Market Cap: N/A
  • 24-Hour Trading Volume: $41.57 million
  • Recent Updates: Airdrop announcement scheduled for mid-December.

2. MPL: An on-chain institutional capital market.

  • Daily Increase: +5.58%
  • Current Price: $23.85
  • Market Cap: $115.66 million
  • 24-Hour Trading Volume: $23.85 million
  • Recent Updates: Launched SYRUP, allowing users to stake MPL and earn SYRUP rewards.

3. TRVL: A one-stop ecosystem for travel-related businesses.

  • Daily Increase: +4.12%
  • Current Price: $0.0673
  • Market Cap: $23.77 million
  • 24-Hour Trading Volume: $161.59K
  • Recent Updates: Earn TRVL by booking peer-to-peer on the Base platform.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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