According to Whale Alert monitoring, at 05:58 Beijing time, an address that had been dormant for 11.9 years was activated, containing 400 BTC (currently worth approximately US$44.32 million and worth approximately US$236,900 in 2013).

OKX market data shows that SOL has broken through 210 USDT and is currently trading at 210.04 USDT, a 24-hour increase of 2.95%. (This newsletter is generated by AI)

OKX market data shows that BTC has broken through 112,000 USDT and is currently trading at 112,008.6 USDT, a 24-hour increase of 2.23%. (This newsletter was generated by AI)

OKX market data shows that ETH has broken through 4100 USDT and is currently trading at 4100.99 USDT, a 24-hour increase of 2.05%. (This newsletter is generated by AI)

OKX market data shows that BTC has broken through 111,000 USDT and is currently trading at 111,011.8 USDT, a 24-hour increase of 1.33%. (This newsletter is generated by AI)

The Hyper Foundation announced that its Hypurr NFT series has been deployed on the HyperEVM and has been fully distributed, requiring no additional user action. This series is available to participants who choose to claim NFTs during the Hyperliquid Genesis event in November 2024. A total of 4,600 NFTs will be issued, of which 4,313 will be allocated to event participants, 144 will be owned by the Hyper Foundation, and 143 will be distributed to core contributors, including Hyperliquid Labs and NFT artists.

The community of the Bitcoin staking protocol Babylon recently released a new proposal, "Reduce Inflation and Introduce Joint Staking," aimed at adjusting the BABY token economics, including reducing inflation and introducing BTC-BABY joint staking. The proposal proposes reducing inflation by approximately 30%, from 8% to 5.5% per year, with the following distribution: 1. 1% goes to Bitcoin (BTC) stakers, who receive commissions from finality providers; 2. 2% goes to BABY stakers, who receive commissions from CometBFT validators; and 3. An additional 2.35% goes to BTC stakers who stake both BTC and BABY as joint staking rewards. For every 20,000 BABY staked, one staked BTC is eligible for joint staking rewards. 4. Due to limitations in the Cosmos SDK, finality providers and CometBFT validators cannot collect commissions from joint staking rewards. To compensate for this limitation, 0.075% is allocated to active finality providers based on delegation size, and 0.075% is allocated to active CometBFT validators based on delegation size. Once the trustless Bitcoin custody protocol is ready, the token economics should be revisited and adjusted to drive adoption. Furthermore, the proposal proposes the introduction of a BTC-BABY co-staking feature to encourage BTC stakers to also stake BABY and actively contribute to validation and finality security. The more BABY staked, the greater the co-staking rewards earned.

New York City Mayor Eric Adams has withdrawn from his re-election campaign, citing media pressure and campaign funding issues as the reasons. Adams is a well-known crypto-friendly figure who received his first three salaries in Bitcoin, hosted the inaugural New York Crypto Summit, and called for the removal of strict BitLicense regulations. He withdrew from the race without endorsing any of his major rivals, including Democratic candidate Zohran Mamdani, former Governor Andrew Cuomo, and Republican candidate Curtis Sliwa. (The Block)

Market analyst Jordi Visser stated that while the fourth quarter is often a buoyant period for crypto asset prices, Bitcoin's path to a record high of $112,046 is subject to corrections of 20% or more, and the fourth quarter is no exception. He compared Bitcoin to Nvidia, the world's most valuable company and the first to reach $4 trillion, noting that in less than three years since the launch of ChatGPT, Nvidia's stock price has risen over 1,000%, with five corrections of over 20% before reaching new all-time highs. This trend is expected to be true for Bitcoin. Visser predicts that the development of artificial intelligence will erode traditional companies and make stocks obsolete, leading investors to turn to Bitcoin, making it the best store of value in the digital age. Currently, while gold and stocks are reaching new highs, Bitcoin is trading around $110,000, down approximately 11% from its all-time high. Investors are divided over whether Bitcoin can reach new highs in the fourth quarter. Regulatory hurdles and the slow progress of the US's strategic Bitcoin reserve have tempered the expectations of some analysts, who previously believed that government purchases of Bitcoin would be the primary catalyst for Bitcoin's price in 2025. (Cointelegraph)

Jump Crypto's Firedancer team is building a high-performance client for Solana. Their SIMD-0370 proposal proposes removing the current fixed limit of 60 million CUs per block (a previous proposal would have raised this limit to 100 million) following Solana's major Alpenglow upgrade, scheduled for testing later this year. Without a fixed limit, block size would adjust based on the transaction volume accommodated by high-performing validators, while weaker validators would automatically abstain from voting on oversized blocks by skipping the voting mechanism. The proposal argues that removing the limit would encourage well-funded block producers to upgrade their hardware and allow more transactions to increase revenue, incentivizing others to follow suit, creating a "flywheel effect" and increasing the average capacity of validator clients. Roger Wattenhofer, Head of Research at Anza and a driving force behind Solana's Alpenglow upgrade, supports removing the limit but expresses concerns about potential centralization and network stability risks. He argues that these issues are solvable and that he remains a staunch supporter of removing the limit. (The Block)

Golden Finance has launched the 2831st issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Although Ethereum's long-term prospects are generally optimistic, its short-term price may still be significantly affected by factors such as market sentiment and regulatory policies. Investors should remain rational and avoid excessive leverage.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The "Money Printing Machine Logic" Behind Stablecoins: Why is Tether Worth $500 Billion?

The DAT phenomenon promises to transcend this age-old opposition between narrative and arithmetic.

Recommended reading tonight: 1. What is the future of Plasma?; 2. Tether's global ambitions; 3. Coinbase: Why the recent crypto market decline;

This $15-20 billion round of funding may be more about influence than cash, as it signals Tether’s intention to become not just a stablecoin issuer but also an institution with global influence in a wide range of sectors.

There is a growing buzz around the idea of ​​turning physical Pokémon cards into redeemable NFTs and trading them on-chain.

Falcon, project, can Falcon replicate the success of ENA? Golden Finance, interest earners and gamblers together form the soil of liquidity.

Plasma created an airdrop myth where investors could grab $8,390 with $0.1. What is the future prospect of Plasma?