PA Daily | The top 100 tokens by market capitalization are all in decline; Bhutan GMC includes BTC, ETH and BNB in strategic reserves
Reprinted from panewslab
01/08/2025·1MToday’s news tips:
Bhutan GMC announces inclusion of BTC, ETH and BNB in strategic reserves
Analysis: Bitcoin miner transaction volume share near historical low
Sol Strategies secures C$25M credit line to invest in Solana ecosystem
Matrixport: Tightening global liquidity may lead to short-term Bitcoin consolidation
Hyperliquid clarifies multiple issues raised by the community
Illuvium partners with Virtuals to introduce autonomous AI NPCs to its games
Regulation/Macro
The South Korean Financial Commission announced its main work plan for 2025 on January 8, announcing that it would gradually allow legal persons to open real-name accounts for virtual asset transactions through discussions by the Virtual Assets Committee. Although the law currently does not explicitly prohibit the issuance of real-name accounts to legal persons, financial regulatory agencies have previously instructed banks to avoid issuing such accounts to legal persons. The Finance Committee plans to start with non-profit legal persons and gradually formulate specific implementation plans. In addition, the Financial Committee will also promote the "Virtual Assets Phase II Bill", covering the supervision of the issuance and circulation of virtual assets. In the future, we will focus on discussing currency listing standards, stablecoin management, and behavioral rules for virtual asset exchanges, etc., and integrating them with the global regulatory framework.
Bhutan GMC announces inclusion of BTC, ETH and BNB in strategic reserves
Gelephu Mindfulness City (GMC), a newly established special administrative region of Bhutan, announced plans to include digital assets such as Bitcoin (BTC), Ethereum (ETH) and BNB into its strategic reserves, becoming the first batch of digital assets in the world. One of the areas officially listed as a strategic reserve. Officials say the move will enhance the borough’s economic resilience and continue its exploration into Bitcoin mining. In addition, the GMC plans to hold a high-level meeting in Bhutan in March 2025 to invite global government officials and industry leaders to discuss the significance of incorporating digital assets into strategic reserves, and plans to establish an international digital asset advisory committee.
Yassine Elmandjra, head of digital assets at Ark Invest, announces departure
Yassine Elmandjra, head of digital assets at Ark Invest, announced on the X platform that today is his last day with the company for more than six years. He expressed his gratitude to CEO Cathie Wood and the ARK Invest team for their experiences and memories.
Wang Yongli, former deputy governor of the Bank of China, published an article "A Rational View of Trump's Bitcoin New Deal" in the first issue of "China Foreign Exchange" in 2025. The article pointed out that Bitcoin highly imitates gold at the "coin" level, so it is also called "Digital Gold". However, Bitcoin is a purely chain-generated digital asset, not a natural physical asset. Its value depends on the development space of its application scenarios and people's beliefs and investment. Bitcoin can be divided into 1/100 millionth of a tiny unit, giving it greater payment flexibility, but it is not backed by real gold and is not strictly "paper gold". Once trust is lost, it will be wiped out and worthless, and the risks are huge. in gold. Moreover, Trump’s new Bitcoin policy is difficult to implement. First, it is more difficult for the United States to own new Bitcoins. The development of quantum computing technology will also pose major challenges to the security of cryptocurrencies such as Bitcoin. Secondly, the so-called national strategic reserve of Bitcoin, whether it is the strategic reserve of the government (finance) or the strategic reserve of the US dollar as the Federal Reserve (central bank), there are risks and uncertainties. Replacing gold reserves with Bitcoin reserves will have no real positive impact on the U.S. dollar, and it will also be difficult to use them to repay government debt. Once again, Trump’s new Bitcoin policy contradicts his stance of strengthening the US dollar as a key global currency. Therefore, Bitcoin can only be a new type of tradable wealth or digital asset. It is difficult to become a real currency. It cannot replace sovereign currency at all. There is still a lot of doubt whether it can replace gold as a national strategic reserve. The international community should treat Trump's new Bitcoin policy calmly and objectively and not blindly follow the trend.
Hunter Horsley, CEO of Bitwise, forwarded the news disclosed by insider Luis Berruga on the Adoption should accelerate across Europe in the coming months.”
According to unfolded. data, in 2024, ETFs and listed companies alone purchased 859,454 Bitcoins. This is equivalent to absorbing 4.3% of the circulating supply in one year, which is roughly equivalent to the amount of Bitcoin issued over the next eight years.
Sol Strategies secures C$25M credit line to invest in Solana ecosystem
According to The Block, Canadian listed company Sol Strategies announced on Monday that it will invest CAD 25 million in the Solana ecosystem through an unsecured credit line. This is the latest step in the company’s transformation into one of Solana’s largest stakers and ecosystem players. According to the announcement, the unsecured revolving credit facility has an annual interest rate of 5%, calculated on a daily basis. Wald said the financing package provides shareholders with the most favorable structure. The company has withdrawn $4 million in principal and plans to use the remaining funds to purchase Solana tokens on a large scale to support staking operations and acquisitions. The entire credit line is available until January 6, 2027. Previously, the company was called Cypherpunk Holdings and had invested extensively in the encryption industry. Later, in July this year, it hired Leah Wald as CEO and shifted its focus to the Solana ecosystem. To focus its resources, Sol Strategies sold multiple investments, including its stake in its second-largest holding, Animoca Brands, and directly invested in SOL tokens and Solana validation nodes. As of December 31, 2024, Sol Strategies had more than 1.5 million SOL tokens (valued at approximately C$450 million) staked through its validator operations, including 140,000 SOL held by the company.
AI
Illuvium partners with Virtuals to introduce autonomous AI NPCs to its games
According to Cointelegraph, blockchain game brand Illuvium recently announced that it is partnering with Virtuals Protocol to upgrade non-player characters (NPCs) in its games. Virtuals is the technology protocol behind popular AI agents on the X platform. This cooperation will use Virtual's GAME AI model framework to enable NPCs in Illuvium's three beta games to dynamically adjust dialogue, tasks or challenges based on player behavior, improving the interactivity and diversity of the game experience. For example, the Virtuals team said that the interaction between players and NPCs in the game will be more realistic. For example, players can choose to anger the bartender NPC, causing it to attack, or receive customized rewards through friendly interactions. This dynamic interaction will run through every scene of the game, creating endless story possibilities. Illuvium said in an announcement that the technology will first be used in Overworld, a third-person exploration game set on an alien planet called Illuvium, where players (called rangers) can discover and collect called Illuvials. of creatures that can be used in another fighting game, Illuvium: Arena. The technology will also be used in all three of its games, including Illuvium Zero, a base-building game where players generate resources and craft skins for use in Overworld and Arena.
AI startup Anthropic plans to raise US$2 billion at a valuation of US$60 billion
According to the Wall Street Journal reported by Jiemian News, artificial intelligence startup Anthropic is in negotiations to raise US$2 billion. This deal will bring its valuation to US$60 billion, more than three times its valuation a year ago. According to people familiar with the matter, this round of financing was led by venture capital firm Lightspeed Venture Partners, and the $60 billion valuation includes the funds Anthropic plans to raise in this round of financing. The deal will make Anthropic the fifth most valuable U.S. startup after SpaceX, OpenAI, Stripe and Databricks, according to data provider CB Insights. Anthropic was valued at $18 billion in a funding round last year led by Menlo Ventures.
Financing/Acquisition
Ethereum Layer 2 network Arbitrum has awarded South Korea’s Lotte Group its largest ever developer grant, CoinDesk reports. Lotte Group is a multi-billion dollar conglomerate with operations in shopping malls, media and entertainment. The funding, provided by the Arbitrum Foundation, is intended to support Rakuten’s Metaverse gaming platform Caliverse and solidify Arbitrum’s position as its primary blockchain infrastructure provider. Offchain Labs shared the news at the 2025 International Consumer Electronics Show (CES) in Las Vegas, Nevada. A representative for the company declined to disclose the exact amount of the funding "at this stage." The grant is technically awarded by the non-profit Arbitrum Foundation, which regularly issues grants in the form of ARB tokens to help fuel the growth of the Arbitrum ecosystem. Rakuten showed interest in the Metaverse as early as 2022 and reached a strategic cooperation with Arbitrum last year. Caliverse is Rakuten's testing ground for exploring artificial intelligence, virtual reality and encryption technologies, where users can experience virtual shopping, concerts and other media content. Currently, Caliverse has cooperated with 7-Eleven, Tomorrowland Music Festival, and fashion brands such as Givenchy and MCM.
Ocean Protocol invests US$735,000 to support Yiedl.ai in developing AI-driven DeFi
The Ocean Protocol team announced that OceanDAO, co-founders Trent McConaghy and Bruce Pon, and Ocean Predictoor team members have jointly invested $735,000 in Yiedl.ai, an AI-centric DeFi marketplace platform dedicated to driving DeFi innovation through data-intensive AI. . land. To celebrate the partnership, Yiedl also launched an airdrop of 50,000 YIEDL tokens for the Ocean community, with a total value of $5,000.
Project news
Hyperliquid said on the X platform that the community plays a key role in the development of the ecosystem and its feedback is also highly valued. Recently, there have been some misunderstandings about validators. It is hereby clarified: ① All validators are qualified based on test network performance and cannot obtain seats through purchase; the relevant false statements belittle the efforts of those validators who invest time and energy in understanding the system; as the blockchain matures, validators The collection will gradually expand. ② As previously announced, the Foundation Delegation Plan will be launched to support high-performing validators and further decentralize the network. ③ Anyone can run an API server pointing to any node; the sample client code sends requests to a specific API server, but this is not a basic requirement of the network. ④Yes, it is unacceptable for users to try to create a black market for testnet HYPE; this has been stated many times; we will continue to work hard to improve the onboarding process for the testnet. ⑤Yes, the node code is currently closed source; open source is very important, and the project will be open source after development enters a stable state; Hyperliquid's development speed is several orders of magnitude faster than most projects, and its scope is also several orders of magnitude larger than most projects ;The code will be open sourced in a safe manner. ⑥Yes, there is currently only one binary file. Even on a very mature network like Solana, the vast majority of validators run a single client. Earlier today, a user wrote to the Hyperliquid Core team pointing out that there were multiple problems with its management.
Binance Futures will list SONICUSDT 1-75 times USDT perpetual contract
According to the official announcement, the Binance Futures platform will launch the perpetual contract at the following time, with the maximum leverage up to 75 times: 15:00 on January 8, 2025 (East 8th District time): SONICUSDT perpetual contract.
On-chain browser and search engine Roam founder and team join Coinbase
Xen Baynham-Herd, founder of on-chain browser and search engine Roam, announced on the efforts in the consumer sector. "We are winding down the Roam app and joining Coinbase because this is where we can have the greatest impact by building products that support this new open financial system," Baynham-Herd said.
According to official news, the first season of ZKsync incentive program Ignite has been launched. The first season will last from January 6 to March 31, and will distribute 100 million ZK tokens to DeFi users who provide liquidity in DEX, lending and contracts. . The entire plan of ZKsync Ignite is to distribute 325 million ZK within 9 months, aiming to turn ZKsync Era into the liquidity of the Elastic Network. There are currently 15 participating protocols, but the DeFi Steering Committee will accept applications on a rolling basis. DEX: iZUMi Finance, Koi Finance, Maverick, PancakeSwap, Syncswap, Uniswap, WOOFi, zkSwap Finance Permanent Contract: Holdstation, RFX, Vest Exchange Lending: Aave, Reactor Fusion, Venus Protocol, Zerolend.
Ripple CEO shares photo of himself having dinner with Trump on Monday night
Ripple CEO Brad Garlinghouse shared a photo of himself, Ripple Chief Legal Officer Stuart Alderoty, and US President-elect Trump on the The year has started strong.”
point of view
Matrixport: Tightening global liquidity may lead to short-term Bitcoin consolidation
According to research by Matrixport independent analyst Markus Thielen, fluctuations in global liquidity may exert short-term pressure on Bitcoin prices. Historical data shows that liquidity changes typically lead Bitcoin price movements by about 13 weeks. As the U.S. dollar strengthens after Trump's re-election, global liquidity denominated in U.S. dollars begins to tighten, which may suggest that Bitcoin may enter a consolidation phase in the near future. Still, risk assets like Bitcoin still show positive potential in the long term. However, in a weaker liquidity environment, traders need to exercise greater caution, as global liquidity has proven to be a reliable market indicator.
Analysis: Bitcoin miner transaction volume share near historical low
According to analysis by IntoTheBlock, the proportion of Bitcoin miner transaction volume to total transaction volume is approaching historical lows and has hit new cycle lows in the past few weeks. This trend typically accelerates during bull markets as more outside money flows into the market. Over time, as block rewards gradually decrease and market investment increases, miners’ share of total transaction volume continues to decline.
important data
According to Lookonchain monitoring, a whale trader made a cumulative profit of more than 10 million US dollars on multiple tokens through precise operations: On the $ai16z token, the trader entered the market early on October 25, 2024, with 70,000 Bought 13.45 million $ai16z for US dollars, and later purchased 7.45 million for US$547,000. Currently holding 6 million $ai16z (valued at US$11.04 million), the total income is as high as US$11.5 million, with a return rate of 16,564%. On the $GRIFFAIN token, he entered the market when the market value was less than $8 million, spent $125,000 to purchase 8.05 million $GRIFFAIN tokens, and then sold 3.05 million $GRIFFAIN tokens for a profit of $1.22 million. Currently holding 5 million $GRIFFAIN (valued at US$2.22 million), the total income has reached US$3.32 million, with a return rate of 2,648%. On the $ZEREBRO token, he entered the market when the market value was $11 million, spent $295,000 to purchase 6.45 million $ZEREBRO tokens, and later sold 1.4 million $ZEREBRO tokens for a profit of $697,000. Currently holding 5 million $ZEREBRO (valued at US$1.98 million), the total income has reached US$2.38 million, with a return rate of 808%. In addition, the trader has continued to increase his holdings of $AVA in the past week, buying a total of 2.17 million pieces (valued at US$333,000). The current unrealized profit is US$120,000. The latest purchase occurred 9 hours ago.
According to Onchain Lens monitoring, a giant whale withdrew 7.24 million WIF (worth approximately $13.32 million) from Binance and 1.87 million POPCAT (worth approximately $1.24 million) from Bybit. Subsequently, the whale spent US$6.1 million USDC to purchase a variety of meme coins, including: US$4.65 million USDC to purchase 5.79 million POPCAT (unit price: US$0.80); US$979,000 USDC to purchase 4.57 million FWOG (unit price: US$0.21); Purchase 3.9 million MICHI for USD 469,000 USDC (unit price USD 0.12). Currently, the funds have been transferred to another wallet.
According to Sosovalue data, the top 100 tokens in cryptocurrency market capitalization are all in decline. The following are the 10 projects with the largest declines in 24 hours: FTM fell 18.5% in 24 hours and is now quoted at $0.6432; AI16Z fell 17.98% in 24 hours and is now quoted at $0.6432. Quoted at US$1.79983; HYPE fell 17.45% in 24 hours and is now quoted at US$21.532; ENA It fell 16.67% in 24 hours and is now quoted at $0.9647; TIA fell 15.84% in 24 hours and is now quoted at $4.612; GALA fell 15.63% in 24 hours and is now quoted at $0.03567; BONK fell 15.42% in 24 hours and is now quoted at $0.00002912; RUNE It fell 15.01% in 24 hours and is now quoted at US$4.155; IOTA fell 14.94% in 24 hours and is now quoted at US$0.325; JASMY fell 14.82% in 24 hours and is now quoted at US$0.03304.
According to Spot On Chain monitoring, 9 hours ago, as the price plummeted, Galaxy Digital deposited the remaining 4.46 million ENA ($4.92 million) into Binance. This brings them to a total of 10.85 million ENA sold ($12.4 million) in the past 29 hours at an average price of $1.144, with a possible profit of $2.37 million (+23.5%). Overall, three whales/institutions, including Galaxy Digital, deposited a total of 25.81 million ENA ($30.43 million) to Binance and Bybit in the past 2 days.
jinse
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