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Market Digest

Market Digest

South Korea's Crypto Craze: 1 in 3 Citizens Dive into Digital Assets

South Korea's Crypto Craze: 1 in 3 Citizens Dive into Digital Assets

Over 30% of South Koreans hold crypto, with 15.6M users in November. Russian firms are using Bitcoin for international payments amid sanctions. Bitget's BGB token hit new highs, ranking No.16 by market cap, with the community targeting $10, which could place it among the top 10-14 tokens.

USDtb: Ethena's Stablecoin Powered by BlackRock

USDtb: Ethena's Stablecoin Powered by BlackRock

Binance Alpha is a platform in Binance Wallet for promising crypto projects. US GAAP now mandates fair value measurement for certain crypto assets, with changes in net income and additional disclosures. Ethena Labs launched USDtb, a BlackRock-backed stablecoin.

Microsoft Rejects Bitcoin Investment Proposal: Saylor's Effort Falls Short

Microsoft Rejects Bitcoin Investment Proposal: Saylor's Effort Falls Short

OKX launched OKSOL on Dec 11, 2024, letting users stake SOL and receive OKSOL at a 1:1 ratio while maintaining liquidity. Microsoft shareholders rejected a Bitcoin investment proposal. Binance relaunched its Web3 Wallet with a $5M+ airdrop starting Dec 10, 2024.

SEC Rejects SOL Spot ETF: What’s Next for Crypto ETFs?

SEC Rejects SOL Spot ETF: What’s Next for Crypto ETFs?

The SEC rejected $SOL spot ETFs, with no new crypto ETFs expected under the current administration. BitGo launched a retail platform with a Bitcoin giveaway for U.S. users. South Korea delayed its crypto tax until 2027, with new regulations starting in 2025.

HyperLiquid Airdrop: 1B $HYPE Tokens for Early Users!

HyperLiquid Airdrop: 1B $HYPE Tokens for Early Users!

HyperLiquid is airdropping 1 billion $HYPE tokens, with 31% for early users from a past campaign. Meanwhile, Tether is discontinuing EUR₮, with holders needing to redeem by 2025. Additionally, Binance has launched BFUSD, offering daily airdrop yields and collateral for futures trading.

Shorting MSTR as Bitcoin Hits ATH: Citron's Bold Bet on BTC

Shorting MSTR as Bitcoin Hits ATH: Citron's Bold Bet on BTC

Citron Research is shorting $MSTR as Bitcoin hits $100K, noting a detachment from BTC fundamentals. Coinbase will delist wBTC on December 19, 2024, to promote its own cbBTC. OKX launched free, instant SGD deposits and withdrawals via DBS in Singapore.

Memecoins on another run: Driving Retail Flow for CEXs

Memecoins on another run: Driving Retail Flow for CEXs

ACT & PNUT memecoins surge as Binance and OKX list them, showing CEXs may now need memecoins to drive retail flow. OpenSea 2.0 announces UI upgrades, XP points, and a potential airdrop. Arkham launches a perpetual exchange with 0 maker fees and ARKM perks, boosting ARKM's value.