Daily Report | Hong Kong ZhongAn Bank launches cryptocurrency trading services; South Korea currently does not consider establishing a national Bitco
November 25 News Overview
整理:Fairy,ChainCatcher
Important News:
- Pump.fun has sparked controversy due to users spreading violent behavior through live broadcasts, the team has arranged personnel for round-the-clock review
- Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75x USDT perpetual contracts
- Vitalik: The crypto industry needs applications focused on specific functions like anoncast and Polymarket
- BTCparser: Whales created in 2010 holding 50 BTC wallets may be Satoshi Nakamoto
- Hong Kong's ZA Bank launches cryptocurrency trading services today, users can buy and sell Bitcoin and Ethereum with HKD and USD
- South Korea's Financial Services Commission: Currently not considering establishing a national Bitcoin reserve, need to observe U.S. policy trends
"What important events have occurred in the past 24 hours"
Pump.fun has sparked controversy due to users spreading violent behavior through live broadcasts, the team has arranged personnel for round-the-clock review
According to Cointelegraph, Pump.fun has recently faced community criticism for users spreading violence and harmful behavior through live broadcasts, leading to calls for enhanced content review or the shutdown of live streaming features. One user threatened self-harm if their token did not reach a market cap target; others threatened domestic violence or even school shootings, with community members pointing out that the feature has "completely spiraled out of control."
Platform head Alon responded that Pump.fun has arranged a team for round-the-clock review of live streams, images, and comments, and is actively responding to growing demands. However, the community is calling for the platform to suspend live streaming features until review tools are improved and to take more transparent measures to prevent similar incidents.
Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75x USDT perpetual contracts
According to an official announcement, Binance will launch 1000WHYUSDT and 1000CHEEMSUSDT 1-75x USDT perpetual contracts.
- November 25, 2024, 19:30 (UTC+8): 1000WHYUSDT perpetual contract
- November 25, 2024, 19:45 (UTC+8): 1000CHEEMSUSDT perpetual contract
Singapore Gulf Bank seeks to raise at least $50 million and plans to acquire a stablecoin payment company next year
According to Bloomberg, sources revealed that Singapore Gulf Bank is seeking to raise at least $50 million and plans to acquire a stablecoin payment company next year.
This startup bank was founded by the Singapore family office Whampoa Group and has been licensed in Bahrain since February. The bank is currently negotiating with Middle Eastern sovereign wealth funds and other investors, planning to sell less than 10% of its equity before early 2025.
Sources indicated that the funds raised will primarily be used to accelerate product development, enhance the bank's payment network, and hire more staff. They stated that Gulf Bank plans to acquire a stablecoin payment company in the Middle East or Europe in the first quarter. A bank spokesperson declined to comment on financing, valuation, or acquisition plans.
BTCparser: Whales created in 2010 holding 50 BTC wallets may be Satoshi Nakamoto
According to Cointelegraph, Bitcoin research company BTCparser stated in a recent article that a large number of Bitcoin wallet addresses were created in 2010, each holding 50 Bitcoins, and these addresses were not transferred until they were "activated" for the first time in November 2019, referring to them as "2010 whales."
The theory suggests that Satoshi Nakamoto owns these wallets and has been slowly selling off holdings while deliberately ignoring wallets from 2009 to avoid drawing attention, "which makes me suspect that the mysterious 2010 whales might actually be Satoshi Nakamoto." However, BTCparser emphasized that this is merely a "theory, not a conclusion."
South Korea's Financial Services Commission: Currently not considering establishing a national Bitcoin reserve, need to observe U.S. policy trends
According to Cryptonews, Kim Byung-hwan, chairman of South Korea's Financial Services Commission (FSC), stated in a television interview that they are currently not considering establishing a national Bitcoin reserve.
Kim pointed out that South Korea will observe other countries' reactions to Trump's cryptocurrency adoption plan before making a decision. He emphasized that the FSC currently prioritizes investor protection issues and remains vigilant about the rapid growth of the crypto asset market. It is reported that although South Korea implemented the "Virtual Asset Protection Act" in July this year, regulators still need to cautiously assess the actual impact of crypto assets on the economy.
Hong Kong's ZA Bank launches cryptocurrency trading services today, users can buy and sell Bitcoin and Ethereum with HKD and USD
According to Ming Pao, Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum with HKD and USD.
The entry threshold for this service is $70 or 600 HKD, with a commission of $1.99 or 15 HKD per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement promotional policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. ZA Bank's acting CEO, Wu Zhonghao, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.
Vitalik: The crypto industry needs applications focused on specific functions like anoncast and Polymarket
Ethereum co-founder Vitalik Buterin stated on Warpcast, "The idea of developing applications just for the sake of applications is fundamentally soulless; it completely abandons the notion that cryptocurrencies are meant to bring about concrete changes in the world, making it freer, more open, and more collaborative. Ignoring applications and focusing on generality is also a short-term escape strategy.
What we need are applications in specific categories that can truly make the world freer, more open, and more collaborative, and that can gain organic usage. Polymarket is a good example, and anoncast is also a great opportunity to bring the best free speech to the forefront while avoiding the pitfalls of junk information and low-quality content."
Binance will launch BNBUSDT and SOLUSDT monthly options
According to an official announcement, Binance options will launch BNBUSDT and SOLUSDT monthly options on November 26, 2024, at 16:00 (UTC+8).
Please note: BNBUSDT and SOLUSDT monthly options are European-style options.
"What interesting articles are worth reading in the past 24 hours"
Systematic Overview of the AI Agent Track: AI Meme, Issuing Platforms, and Infrastructure
Since mid-October, when the first AI Agent token GOAT (Truth Terminal) emerged, AI Agent Meme coins have quickly become the new focus of the market.
With strong support from Binance, the two major AI Agent Meme track tokens, GOAT and ACT, have been launched one after another, achieving astonishing value leaps in a short time, with unprecedented market enthusiasm. Specifically, on November 10, the ACT token surged over 2000% within 24 hours of its listing on Binance, setting a record for the first-day increase of new coins on Binance; on November 17, the GOAT token soared to $1.37, with a market cap approaching $1.4 billion; additionally, on November 20, the ANON token from the Farcaster ecosystem saw a fivefold surge in just one hour due to Vitalik's endorsement.
As the craze for AI Agent Memes like ACT and GOAT continues to heat up, investors are actively seeking new participation opportunities, and AI Agent-related applications are emerging like mushrooms after rain. Statistics show that hundreds of new AI Agent tokens are being launched every day.
Interview with Catizen Co-founder: Retention rate post-TGE still higher than traditional games, plans to issue short dramas and other potential hit content
Catizen is one of the hottest Telegram/TON ecosystem mini-games this year, with registered users exceeding 44 million and on-chain users surpassing 3.3 million.
How will Catizen maintain ecological growth after the TGE in September? What strategic plans are in place? How does Catizen view the current status and future trends of Telegram/TON ecosystem mini-games?
Recently, Catizen co-founder Ricky Wong delivered a keynote speech at the "DeInsight 2024" annual summit co-hosted by Web3 asset data platform RootData and ChainCatcher, reflecting on how Catizen incentivizes user participation in the Web3 shared economy era and announcing a subsequent token buyback plan to repurchase over 10 million CATI tokens annually to reward the community.
After the event, ChainCatcher also invited Ricky Wong for an interview, where he shared in more detail the success experiences of Catizen and its issuer Pluto, how to ensure sustainability in the future, and his views on the future of the Telegram/TON ecosystem.
Prospects for Solana ETF Approval: From "Almost Hopeless" to "Expected by the End of 2025," what challenges currently exist?
The BZX exchange of the Chicago Board Options Exchange (Cboe) recently submitted applications for four Solana ETFs. With the U.S. election day concluded and Trump set to take office, SEC Chairman Gary Gensler announced he would resign in January, potentially leading to significant changes in the regulatory environment for cryptocurrency ETFs, creating new opportunities for Solana ETF approval.
Analysts believe that the SEC will shift from a "law enforcement-based" to an "information disclosure-based" regulatory model. If the Solana ETF is approved, it will stimulate enormous demand in the crypto ETF market. As the fourth-largest cryptocurrency by market cap, Solana, despite lacking support from a mature futures market and facing potential obstacles of being classified as a security, is steadily advancing in its ETF application process in anticipation of the new regulatory environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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