Planet Daily | The board of directors of SOS, a US-listed company, approved a $50 million Bitcoin purchase plan; WalletC
Headlines
SOS, a US-listed company, approved a $50 million Bitcoin purchase plan
According to official news, SOS Ltd., listed on the New York Stock Exchange, announced that its board of directors has approved a plan to invest $50 million to purchase Bitcoin (BTC) in order to strengthen its blockchain industry layout.
SOS said that the plan not only reflects its long-term confidence in Bitcoin as a strategic reserve asset, but also hopes to optimize its investment portfolio and enhance the companys competitiveness in the digital asset field. SOS will adopt a diversified quantitative trading strategy, including investment, trading and arbitrage, to reduce market volatility risks and achieve stable returns.
WalletConnect has launched an airdrop query page, where users can claim and stake WCT
WalletConnect officially announced that the airdrop query page is now online, and eligible users can apply for and stake their WCT.
Backpack Chinese X: About to make things happen with Solana
Backpack’s official Chinese X account posted, “We are going to do something with Solana, don’t forget to check the backpack when the time comes.” Previously, the Solana X account posted that the “on-chain holiday” will begin from December 5th to 12th.
Pump Science said in a post on X regarding the recent security incident: “Security is a top priority, and the team plans to include consulting and competitive audits of Pump Science applications and smart contracts. The rest of the year will focus on URO and RIF, and start mouse experiments before launching new tokens.
Additionally, no new tokens will be launched on pump.fun. New tokens will be launched on Pump Science next year after a full audit is completed.”
Industry News
SlowMist Yuxian posted on X: In the early hours of this morning, the DEXX attacker continued to convert various value tokens on another batch of Solana addresses into SOL, and has not yet continued to transfer them out. In addition, the attackers EVM address has not changed for the time being.
Consensys lawyer Bill Hughes posted on the X platform that even if the court ruled that the Treasury Department’s sanctions on Tornado Cash were illegal, founder Roman still operated a service that violated sanctions, illegally transferred funds, and assisted in money laundering, and the ruling did not change these charges.
Earlier news, Paul Grewal, chief legal officer of Coinbase, said in a post on X: “Privacy rights win. Today, the U.S. Fifth Circuit Court ruled that the U.S. Treasury Department’s sanctions on Tornado Cash smart contracts were illegal.
Project News
Binance Futures launches MORPHOUSDT and CHILLGUYUSDT 1-75x USDT perpetual contracts
According to the official announcement, Binance Futures will launch MORPHOUSDT and CHILLGUYUSDT 1-75x USDT perpetual contracts. The specific time is:
November 27, 2024 22:30 (ET8): MORPHOUSDT perpetual contract;
November 27, 2024 22:45 (ET8): CHILLGUYUSDT perpetual contract.
The official website of Clanker, the AI Agent application for issuing tokens with one click in the Base ecosystem, posted on the X platform: “Clanker will be temporarily shut down tonight. Some interesting things are being prepared. I love you guys.”
According to previous news, the Base ecosystem AI Agent Clanker has generated more than 7 million US dollars in contract revenue since its launch.
According to Paiduns monitoring, Vitaliks marked address has exchanged 330 billion LEDOG ($DOG) for about 11 ETH, about 3 trillion DOGC for about 10.8 ETH, and 300 million VITALIK for about 1.1 ETH. He also donated 320 ETH to Coin Center.
Investment and Financing
Blockchain payment company Partior has completed $80 million in Series B financing, with Deutsche Bank joining as a new investor. Previously, in July 2024, Partior announced that it had completed $60 million in financing, with investors including Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered Bank, Temasek and Valor Capital Group.
Partior was founded in 2021 and is backed by financial institutions such as DBS Bank and JPMorgan Chase. The company provides real-time clearing and settlement services through a blockchain platform, committed to solving the sequential processing problem in traditional payment systems. Patricia Sullivan, head of global institutional cash management at Deutsche Bank, said that as the largest euro clearing bank, the bank plans to join the Partior platform as a euro and dollar settlement bank.
The financing will be used to strengthen Partiors global expansion and develop new features such as intraday foreign exchange swaps. It is worth noting that Deutsche Bank has continued to increase its investment in the cryptocurrency field in recent years and applied to the German financial regulator for a digital asset custody license in June 2023.
Avant, a developer of crypto yield protocols, has completed a $6.5 million seed round of financing, with a post-investment valuation of $25 million. Superlayer, Avalaunch, GoGoPool, Daybreak Digital and Linda Kreitzman participated in the investment. Founder Rhett Shipp said that Avant was founded in June this year and began informal conversations with investors in May, but officially started financing in October and ended earlier this month.
According to reports, Avant has issued a stable value token called avUSD, which can be staked to obtain savUSD (the yield version of avUSD). Avant Protocol is still in its early stages and operates in early access mode, allowing only a selected set of whitelisted addresses to mint and stake avUSD. Shipp said: This whitelist will be expanded in the coming weeks. He also added that avUSD and savUSD are scheduled to be fully released to the public in December.
Animoca Brands makes strategic investment in Pudgy Penguins parent company Igloo, Inc.
According to official news, Animoca Brands has made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The specific amount has not been disclosed. It is reported that Animoca Brands subsidiaries The Sandbox and Animoca Brands Japan also participated in the investment in Igloo, Inc. together with Animoca Brands.
Regulatory trends
Tether to stop supporting EURt due to European regulatory challenges, focus on Hadron
Stablecoin issuer Tether announced plans to end support for its euro stablecoin EURt in a statement on Nov. 27. Tether CEO Paolo Ardoino attributed the move to the changing regulatory environment for stablecoins in Europe.
The company said it has stopped minting new EURt tokens, with the last issuance request processed in 2022. Current holders of the asset can redeem the tokens until November 27, 2025. Data shows that EURt has struggled to gain traction in Europe, with a market cap of just $38 million, lagging behind Circles EURC ($90.5 million) and Stasis Euro ($130 million). In stark contrast, Tethers flagship stablecoin USDT has a market cap of $132 billion, more than three times that of its closest competitor USDC.
While Tether may not be compliant with MiCA regulations, Ardoino noted that the company’s new initiative, Hadron, will be a priority for the European region. According to him, Hadron has the potential to revolutionize the accessibility of asset tokenization for institutions, governments, fund managers, and private companies.
Former CFTC Chairman Chris Giancarlo is a strong contender to become the nation’s first “Crypto Czar,” a new position that President-elect Trump is considering creating that could oversee the $3 trillion blockchain industry. Giancarlo, known as “Crypto Dad” for his work pushing for clear regulation during his two-year tenure, including paving the way for bitcoin futures to trade on U.S. exchanges, said in an interview Wednesday that he has turned down positions at both the CFTC and the U.S. Securities and Exchange Commission. “Trump has very specifically laid out a series of initiatives to make the United States the crypto capital of the world,” Giancarlo said, referring to a speech Trump gave at the Bitcoin 2024 conference in Nashville in July.
He said this includes establishing a strategic reserve of Bitcoin, establishing a cryptocurrency committee, and ensuring that people have the ability to self-host wallets. Among other areas, he talked about capital gains tax exemptions for domestic cryptocurrency gains in the United States, ending the de-banking of cryptocurrency (also known as Choke Point 2.0), and passing new rules and regulations from the CFTC and SEC and stablecoin legislation.
Giancarlo, who was a key member of Trumps transition team, added that cryptocurrency will be a big priority for the new administration. Although Trump was once a cryptocurrency skeptic, he has maintained good relations with industry insiders while seeking re-election over the past year and has made many promises to improve the prospects of the U.S. cryptocurrency industry. As far as candidates go, they are usually not very specific. I think Trump is very specific about what he is going to do, he said, noting that Trump has surrounded himself with pro-crypto advocates such as Elon Musk and Vivek Ramaswamy, who heads the Department of Government Efficiency.
Character Voice
CryptoQuant analyst: Ethereums second bull run has begun
CryptoQuant analyst crypto sunmoon said that Ethereums second bull run has begun. Analysts said that in the past bull runs in the cryptocurrency market, Ethereum always experienced two rounds of increases, and the second bull cycle always greatly exceeded the price set by the first bull cycle.
Economist: Fed may skip rate cut in December or January
Jeffrey Roach, chief economist at LPL Financial, expects the Fed to skip a rate cut in December or January, followed by up to four more cuts through 2025. Bank of America analysts expect a rate cut in December, but added that given the resilience of economic activity and stubborn inflation, the bias toward more modest cuts seems strong.
Markets are pricing in about a 45% chance that the Fed will keep interest rates unchanged at its upcoming December meeting, according to the CME FedWatch tool. A month ago, the odds were 24%.
This article is sourced from the internet: Planet Daily | The board of directors of SOS, a US-listed company, approved a $50 million Bitcoin purchase plan; WalletConnect has launched an airdrop query page, where users can claim and stake WCT (November 28)
Written by Geekcartel As the AI narrative continues to heat up, more and more attention is focused on this track. Geekcartel has conducted an in-depth analysis of the technical logic, application scenarios and representative projects of the Web3-AI track to present you with a comprehensive overview and development trends of this field. 1. Web3-AI: Analysis of technical logic and emerging market opportunities 1.1 The integration logic of Web3 and AI: How to define the Web-AI track In the past year, AI narratives have been extremely popular in the Web3 industry, and AI projects have sprung up like mushrooms after rain. Although there are many projects involving AI technology, some projects only use AI in certain parts of their products, and the underlying token economics have no substantial connection with AI…
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