PA Daily | Aiccelerate DAO will increase token attribution in response to criticism of launch; Polymarket is defined as an illegal gambling site and blocked in Singapore
Reprinted from panewslab
01/12/2025·1MToday’s news tips:
1. Macro outlook for next week: CPI and "horror data" may subvert interest rate cut expectations, and the Fed turns to a cautious stance
2. New York Attorney General subpoenas scammer who stole $2.2 million in cryptocurrency via airdrop NFT
3. Scott Bessent, Trump’s nominee for Treasury Secretary, plans to divest dozens of assets, including crypto ETFs, to avoid conflicts of interest
4. Aiccelerate DAO will increase token vesting in response to criticism of launch
5.Polymarket is defined as an illegal gambling website in Singapore and blocked
6. Litecoin’s official X account was hacked and posted fake token tweets
7.The President of The ETF Store releases 10 crypto-related ETF predictions for 2025
8. In the past week, NFT transaction volume increased by 10.7% month-on-month to US$155.4 million, while the number of buyers and sellers both decreased by more than 70% month-on-month.
Regulation/Macro
This week has been full of events. The first non-farm payrolls report at the beginning of the year far exceeded expectations, triggering severe market fluctuations. The report showed that the United States added 256,000 jobs in December last year, much higher than the 165,000 expected. Employment numbers for the past two months have been revised down by 8,000 jobs. The unemployment rate fell to 4.1% from 4.2%, while the unemployment rate is expected to remain at 4.2% or possibly rise to 4.3%. Wages increased by 0.3% month-on-month, and year-on-year wage growth slowed from 4% to 3.9%. The data led to a sell-off in U.S. stocks, with the S&P 500 falling to a one-week low after a strong non-farm payrolls report sparked new worries about inflation and raised hopes the Federal Reserve will be more cautious in cutting interest rates this year. Bank of America has said that they currently do not expect the Federal Reserve to cut interest rates in 2025. Next week, the United States will release a number of blockbuster data, including PPI, CPI and "terror data", which will continue to bring volatility to the market. Here are the key points that the market will focus on in the new week:
- At 00:00 on Tuesday, the New York Fed’s 1-year inflation expectations for December;
- Tuesday at 21:30, US December PPI data;
- At 23:00 on Tuesday, 2025 FOMC voting committee member and Kansas Fed Chairman Schmid delivered a speech;
- At 04:00 on Wednesday, FOMC permanent voting member and New York Fed President Williams delivered an opening speech at an event;
- At 21:00 on Wednesday, Barkin, the 2027 FOMC voting committee member and Chairman of the Federal Reserve Bank of Richmond, delivered a speech;
- Wednesday 21:30, US December CPI data, US January New York Fed manufacturing index;
- At 23:00 on Wednesday, 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari delivered a welcome speech and participated in a fireside chat at the online regional economic conference hosted by the Minneapolis Fed;
- At 00:00 on Thursday, FOMC permanent voting committee member and New York Fed President Williams delivered a speech;
- At 01:00 on Thursday, 2025 FOMC voting committee and Chicago Fed President Goolsby delivered a speech;
- At 03:00 on Thursday, the Federal Reserve releases the Beige Book of Economic Conditions;
- At 21:30 on Thursday, the number of initial jobless claims in the United States for the week to January 11 and the monthly rate of retail sales in December.
As the Fed shifts to a more cautious stance, there were some encouraging signs in November's CPI report that price increases in housing and broader services categories, which are the largest contributors to inflationary stickiness, have begun to ease. . That leaves the possibility of a downside surprise in the CPI data due to be released next Wednesday, but any slowdown is more likely to occur in the first few months of 2025 than last December's CPI data. Before the CPI data is released, investors will focus on the U.S. PPI data for December last year, which is scheduled to be released next Tuesday. On Thursday, all the market's eyes will be focused on the retail sales data, which is known as "horror data."
New York State Attorney General Letitia James filed a lawsuit alleging that a cryptocurrency fraud ring stole at least $2.2 million from New Yorkers through false remote work opportunities. James plans to serve the alleged scammers by airdropping NFTs into wallets controlled by the scammers. “NFT’s service will provide fraudsters with notice of the lawsuit, providing them with a link to the [Attorney General’s Office] website containing all complaints,” a press release from the Attorney General’s Office said. “No other state or federal regulator has previously used this. ways to file a lawsuit.”
President-elect Donald Trump's pick for U.S. Treasury Secretary Scott Bessent will resign from Key Square Group and sell his stake in the partnership to avoid a conflict of interest if confirmed by the Senate, Bloomberg reported.
Scott Bessent, who disclosed assets worth at least $521 million in his personal financial disclosure, listed nine top-tier assets tied to his hedge fund. These include two tranches of U.S. Treasury bills, two Invesco funds, and open interest in U.S. dollars against foreign currencies. He also listed a personal investment of no more than $500,000 in an iShares exchange-traded fund tied to the price of Bitcoin. As with his holdings through Key Square Capital, Bessent will divest cryptocurrency-based ETFs. According to his disclosure, Key Square Group will close at the end of March.
Some of Scott Bessent's potential conflicts of interest took longer to resolve. He has invested at least $250,000 in three funds that allow him to withdraw no more than 25% of his holdings each quarter. He has until the end of September to fully divest his holdings, which is much longer than the usual 90-day disclosure window. Scott Bessent said he would shy away from specific decisions that would have a predictable impact on stock values. Scott Bessent also lists residential real estate in the Bahamas worth at least $5 million and an art and antique collection worth at least $1 million.
Project news
RWA stablecoin issuer Usual announced on the The “Revenue Switch” feature is scheduled to be launched on January 13th, allowing Usual Protocol to share its revenue from real-world assets and protocol operations with the community. The team expects monthly revenue of approximately $5 million, with an annual return of over 50% under current conditions. These distributions will be made on a weekly basis to solidify USUAL's real value and balance its economic model with the revenue generated by the protocol. (Note: Usual’s income switch function will be officially enabled when more than 50% of USUAL tokens are pledged as USUALx. If the requirements are not met, it will be automatically activated on February 1, 2025. Once enabled: 100% income (up to $5 million per month) will flow to USUALx stakers in the form of USD0).
In addition, the Usual Protocol team also stated that it will launch the "1:1 early unstaking" function next week, allowing users to redeem USD0++ at an exchange rate of 1 USD, but requiring them to give up part of their accumulated rewards as a penalty.
Aiccelerate DAO will increase token vesting in response to criticism of launch
The launch of Aiccelerate DAO (AICC), which focuses on cryptographic artificial intelligence, is currently valued at approximately $150 million, sparking community criticism. The project distributed 100% of its tokens to 245 advisors and insiders, some of whom sold their allocations after the token surge.
Aiccelerate went live on startup platform Daos.fun after raising 943 SOL from invitees in a pre-sale round, worth about $175,000 at current prices. About $75,000 came from “VIPs,” the project’s co-founders and advisors, including Eliza Labs founders, venture capital investors from companies such as Coinbase Ventures, and others. The remaining ~$100k came from other insiders, who each had up to 2 SOL.
Aiccelerate DAO, co-founded by Markus Jun, Ejaaz Ahamadeen, and user Ropirito under the pseudonym However, controversy soon arose after some X users noticed that some insiders appeared to be selling off their initial allocations quickly.
Bankless Ventures sold 10% of its allocation in AICC soon after its launch. The organization later bought back the tokens after X received criticism. Bankless co-founder David Hoffman tweeted: "I agree that Bankless Ventures should not have sold tokens. It was an impulsive mistake." "We have repurchased all tokens sold and the volume has returned to original levels, and A self-imposed vesting schedule is being discussed.”
Some X users noticed that some of the users invited to the pre-sale had little activity or attention on X. However, technical issues with the Daos.fun invitation system caused some users to create temporary accounts to obtain allocations.
Ejaaz Ahamadeen wrote on
The AICC responded to the controversy in a post on its X account, which was suspended on Saturday for unknown reasons. In the post, the DAO said it “will implement token vesting for individuals and is in discussions with advisors.” The DAO also reiterated its intentions to build for the long term.
Amid the controversy, Eliza Labs founder Shaw Walters posted on X that he was donating half of his allocation to the ai16z DAO and 20% to other contributors. "I hope Daos.fun will have some form of vesting or locking in the future so it feels a little fairer to launch."
Litecoin official X account was hacked and posted fake token tweets
The official X account of Litecoin (LTC) was briefly hacked. The hacker promoted fake Litecoin tokens based on the Solana network on the account, along with contract addresses and fraudulent links. The Litecoin team subsequently announced that it had regained control of the account and deleted the post, stating that the attack was due to the compromise of a delegated account, which has now been removed.
Polymarket is defined as an illegal gambling website and blocked in Singapore
According to the screenshot of X user @alexzuo4, Polymarket was defined as an illegal gambling website and blocked when logging in to Singapore. The page prompted: "You are trying to access an illegal gambling website hosted by an unlicensed gambling service provider. Singapore Pools is a Singaporean company." The only licensed online gambling operator, anyone found guilty of gambling with an unlicensed gambling service provider can be fined up to $10,000 or imprisoned for up to six months."
point of view
Vitalik Buterin, co-founder of Ethereum, said in response to a community user that "everyone in the technology world underestimates the importance of efficient capital formation for building the future": For me, what is really important is to create a capital structure that lasts Incentivize open source, open standards and security, discourage closed mentality and extractiveness, and generally promote being a positive-sum participant in the wider ecosystem.
Tianfeng Securities: Bitcoin is Plan B when AI fails
Tianfeng Securities stated in the report that AI represents plan A to maintain the hegemony of the US dollar, while cryptocurrency represents plan B to hedge against the unchallenged status of the US dollar. However, whether it is Bitcoin or AI, energy is the core that cannot be bypassed. elements. Therefore, the essence of currency is credit, the essence of credit is order, the essence of order is technological competition, and the essence of technological competition is energy efficiency. Over the past two years, gold has become a favorite among investors as a beneficiary of de-dollarization. But MAGA cannot tolerate the dollar's monetary hegemony being shaken, so Trump needs an alternative to maintain the dollar's status. This alternative must be one that the United States can control and exert influence on. Gold is most likely out of the options, while cryptocurrencies represented by Bitcoin may still have a chance. But the essence of money is credit. If there is no credit, then inject credit.
The ETF Store President Releases 10 Crypto-Related ETF Predictions for 2025
Nate Geraci, President of The ETF Store, released 10 crypto-related ETF predictions for 2025 and believes that the Trump administration will adopt a significantly different policy on cryptocurrency than the Biden administration, which may make 2025 the "Year of Cryptocurrency ETFs." The main predictions are as follows:
- The asset size of spot Bitcoin ETFs exceeds that of physical gold ETFs (this is obvious unless the price of Bitcoin plummets);
- Spot Ethereum ETF options trading approved
- Spot Bitcoin and Ethereum ETFs allow physical creation/redemption
- Spot Ethereum ETF pledge approved
- Bitwise Bitcoin Standard Company ETF launched, assets under management exceed US$1 billion
- There are at least 50 other crypto-related ETFs listed, including options-based products (covered call ETFs, determined outcome ETFs, etc.), Bitcoin-denominated stock ETFs, and “bitcoin bond” ETFs
- Spot Solana ETF approved
- Spot XRP ETF approved
- Bitwise and Grayscale crypto index ETFs approved
- Vanguard lets clients invest in Bitcoin and Ethereum spot ETFs through brokerage accounts
important data
According to monitoring by @ai_9684xtpa, three addresses suspected to belong to the same person or institution have sold a total of 26.52 million SWARMs in the past three days, worth approximately US$8.08 million. They are suspected to be the main driving force for the decline in currency prices in recent times. In the past three days, SWARMS have been It fell 28.82%, and the corresponding smashing events are as follows:
1. The address HikmG...S2Yat sold 16.52 million tokens (approximately US$5.16 million) in the past three days. One of its funding source addresses has sold 75% of its position and made a profit of US$3.73 million. The remaining 5 million coins are still floating. Profit of US$1.256 million, cost as low as US$0.02291;
2. Address 384zS...g8RUL sold 5 million tokens in the past 11 hours, for approximately US$1.4 million;
3. The address BqbfX...k6pd1 sold 5 million tokens in two days, for about US$1.52 million.
According to Onchain Lens monitoring, an insider spent 4.92 SOL ($930) to purchase 25.85 million AIOS on pump.fun. The insider has not sold any of the tokens, which are currently worth over $3.05 million.
CryptoSlam data shows that NFT trading volume increased by 10.7% this week, rising to US$155.4 million from US$132.7 million last week. The increase in total turnover was accompanied by a clear decline in market participants, indicating an increase in trading volume and fewer buyers. The number of NFT buyers decreased by 81.79% to 122,806; the number of NFT sellers decreased by 73.24% to 104,090; the number of transactions increased slightly by 0.16% to 1,483,044.
The volume of NFT transactions on the Ethereum network increased by 13.09% to $61.9 million, but the number of buyers fell by 65.62% to 24,836. Bitcoin network NFTs grew slightly, with transaction volume increasing by 1.97% to $30.8 million, and the number of online buyers falling by 87.15% to 8,665.
The transaction volume of Pudgy Penguins reached US$9.2 million, a month-on-month increase of 82.32%. BRC-20 NFT ranked second, with a transaction volume of US$8.2 million, a month-on-month increase of 40.78%. DMarket ranked third, with a transaction volume of US$7.2 million, a month-on-month increase of 8.06%.
This week’s best-selling NFTs include:
- SuperRare #37380: $474,710 USDC
- CryptoPunks #4757: $453,894 (125 ETH)
- SuperRare #37380: $396,000 (108.7469 WETH)
- CryptoPunks #3698: $277,876 (82 ETH)
- Abstract Being: $222,680 (2.3681 BTC)
According to Lookonchain monitoring, a certain ai16z whale spent 1,328 SOL (US$250,000) to purchase 12.19 million AIOS (currently worth US$1.28 million) yesterday, making a profit of over US$1 million.
A smart money spent $7.84 million to buy 29.7 million SWARMS
According to Lookonchain monitoring, 4 days ago, a smart investor sold all SWARMS and made a profit of US$8.42 million. Over the past 20 hours, the savvy investor spent an additional $7.84 million, purchasing 29.7 million SWARMS at an average price of $0.26.
The stock prices of 26 of the 31 listed Bitcoin mining companies have increased so far this year
According to News.bitcoin, although miners are still struggling with the revenue constraints associated with Bitcoin prices falling below the $100,000 threshold, the stocks of these publicly listed BTC mining companies are rising, suggesting a good start to the new year. According to Bitcoinminingstock.io data, the combined market value of 31 listed Bitcoin mining companies is US$44.09 billion. Of these, 26 companies witnessed an appreciation in the value of their shares relative to the U.S. dollar. Among the top ten companies by market capitalization, Riot Platforms Inc. (NASDAQ: RIOT) tops the list with a growth of 17.53% in 2025. Following closely behind was Hut 8 (NASDAQ: HUT ), which rose 14.2%.
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