Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.64T. Bitcoin is trading at $42.9K
dropstab | icodrops | twitter | telegram
A federal judge approved a settlement between crypto exchange Binance and the Commodity Futures Trading Commission.
Under the settlement, former CEO Changpeng Zhao will have to pay $150 million, with a third of that paid within the next 30 days, according to the order signed on Dec. 14 by Judge Manish Shah in the U.S. District Court for the Northern District of Illinois. Binance will have to pay a $1.35 billion penalty to the CFTC, as well as disgorge $1.35 billion of "ill-gotten transaction fees," according to the order.
https://www.theblock.co/post/268264/federal-judge-approves-settlement-between-cftc-and-binance
Zcash founder Zooko Wilcox is stepping down as the CEO of Electric Coin Company.
The new CEO, Josh Swihart, has been the vice president at Electric Coin for nearly five years but recently took a four-month stint away from the firm.
https://cointelegraph.com/news/zcash-founder-zooko-wilcox-steps-down-electric-coin-new-ceo
The Ethereum Layer 2 scaling protocol Metis has dedicated 4.6 million METIS tokens toward the new Metis Ecosystem Development Fund.
The Fund will begin disbursing grants in the first quarter of 2024.
https://www.theblock.co/post/268154/metis-spikes-following-launch-of-4-6-million-metis-ecosystem-development-fund
An LDO holder initiated a class-action lawsuit against the governing body for liquid staking protocol Lido.
The lawsuit alleges that Lido’s LDO token is an unregistered security and that the Lido decentralized autonomous organization (Lido DAO) is liable for plaintiffs’ losses from the token’s price decline.
The lawsuit was filed by Andrew Samuels, who resides in Solano County, California, the document states.
The defendants are Lido DAO, as well as venture capital firms Paradigm, AH Capital Management, Dragonfly Digital Management and investment management company Robert Ventures.
The document alleges that 64% of LDO tokens “are dedicated to the founders and early investors like [these defendants],” and therefore, “ordinary investors like Plaintiffs are unable to exert any meaningful influence on governance issues.”
https://cointelegraph.com/news/former-lido-holder-files-class-action-lawsuit-against-lido-dao-crypto-losses
Bitwise has started advertising its future spot Bitcoin ETF on X.
https://twitter.com/BitwiseInvest/status/1736755061127020794
A process of Inscriptions mint on the Celestia blockchain.
https://twitter.com/am_hi_man/status/1736418216992506190
💧 Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Upbit lists Astar (ASTR).
The ASTR price has increased by ~47% in 24 hours.
https://x.com/official_upbit/status/1736656809996558781
FTX unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case.
The reorganization plan left some of the most important questions unanswered, including whether FTX will restart its defunct crypto exchange, how the company will estimate the value of some digital tokens and how much creditors can expect to get back.
https://www.bloomberg.com/news/articles/2023-12-18/ftx-files-plan-to-end-bankruptcy-pay-crypto-creditors-billions
Sipher has shared a preview of its upcoming Sipher cinematic trailer.
Sipher Odyssey is a cross-platform multiplayer fast-paced action RPG with roguelite elements.
#SiphersArise
https://x.com/playSIPHER/status/1735660984759664860
Transaction fees on the Avalanche network have increased to $4 due to the launch of Inscriptions.
It is reported that 370 million BEEGs were mined in 2h 15m of launch, with ~4300 holders.
https://x.com/cryptofishx/status/1736527197161046441
A Solana Saga phone sold for $5,000 on eBay, with the “floor” price of the phone hovering around $2,000, as hype around BONK and potential future airdrops continues.
Kyle Samani (Multicoin): „There are going to be a ton of airdrops for Solana Saga owners over the next 12 months.“
https://www.theblock.co/post/267991/solana-saga-phone-sells-for-5000-on-ebay-as-bonk-hype-continues
https://x.com/kylesamani/status/1736029733979120019
Boring Security sent the exploiter 10% of NFT's value and will return them to their owners for free.
https://twitter.com/BoringSecDAO/status/1736263558852497534
The debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 plan of reorganization which indicates the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022.
https://cointelegraph.com/news/ftx-reorganization-plan-crypto-assets-bankruptcy
EigenLayer has hit 391k ETH ($874m) in TVL after opening pools.
https://app.eigenlayer.xyz/
Coinbase filed a petition in a federal appeals court requesting a review of a decision by the U.S. Securities and Exchange Commission to deny the crypto exchange's request for new rules for the digital asset sector.
https://www.reuters.com/technology/coinbase-petitions-court-review-sec-denial-its-request-crypto-rules-2023-12-18/
Friend.tech will release v2 version in the spring of 2024.
https://twitter.com/friendtech/status/1736909955733884988
SEC delays decisions on Hashdex and Grayscale Ethereum-focused ETFs.
https://www.theblock.co/post/268199/sec-delays-decisions-on-hashdex-and-grayscale-ethereum-focused-etfs
Looks like Michael Egorov has been liquidated ~2.9M crvUSD.
He notice it before liquidation and borrowed 3M crvUSD from Silo to repay, unfortunately, he was ~50 seconds late.
Then he swapped 1,456 wsETH for 3.59M crvUSD and repaid to Silo.
https://twitter.com/luuhoangkhoa/status/1736787027570622485
🚀 Top Gainers Among Layer-1 Blockchains
👉 https://dropstab.com/categories/blockchain
There is a slight correction on the market.
The BTC price fell by -2.27% in 24 hours.
Top 100 losers: OSMO (-17.37%), TIA (-16.16%), ICP (-14.45%), FIL (-13.15%).
https://dropstab.com/insights/top-performance
Forgotten Playland is coming to you in the first quarter of 2024 with 2 minigames.
https://x.com/forgotplayland/status/1735319315103056350
Binance has listed Fusionist (ACE).
The ACE price is now trading at ~$15.
https://www.binance.com/en/trade/ACE_USDT?type=spot
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.58T. Bitcoin is trading at $41.2K
dropstab | icodrops | twitter | telegram
The Manta New Paradigm has hit $50m in TVL.
https://x.com/mantanetwork/status/1736590508297015703
EigenLayer will add LSTs today at 18:00 UTC.
LSTs:
1. wBETH (Binance)
2. osETH (Stakewise)
3. swETH (Swell)
4. AnkrETH (Ankr)
5. EthX (Stader)
6. oETH (Origin ETH)
The caps for rETH, stETH, cbETH will also be increased from 100,000 to 200,000 ETH.
https://www.blog.eigenlayer.xyz/adding-lsts-to-eigenlayer-raising-the-caps/
XAI, a gaming project from the Arbitrum ecosystem, hinted at a possible airdrop on Twitter. Odyssey participants will most likely apply for the distribution.
https://twitter.com/XAI_GAMES/status/1736349600943161771
Vaneck CEO expects BTC to reached a new ATH in the next 12 months.
https://www.youtube.com/watch?v=ab_JHfDVnno&ab_channel=CNBCTelevision
In a recent letter shared with U.S. legislators, Tether’s CEO has elaborated on his methods to prevent unsavory individuals from using the company’s USDT stablecoins, including by onboarding the Secret Service and FBI to the company’s platform.
Tether froze wallets on the U.S. sanctions list last week, and claims to have frozen 326 wallets controlling 435 million USDT.
https://www.theblock.co/post/267973/tether-weve-onboarded-fbi-secret-service-to-our-platform