Daily Report | Upbit will list VANA; Bitcoin founder Satoshi Nakamoto becomes the 16th richest person in the world due to the rise in Bitcoin prices;

Organizer: Luan Peng, ChainCatcher

Important News:

• The Korea Digital Asset Protection Foundation officially begins operations, having taken over the assets of 40,000 users from closed exchanges
• Bitcoin founder Satoshi Nakamoto becomes the 16th richest person in the world due to the rise in Bitcoin prices
• Data: El Salvador currently holds 5,965.76 BTC
• The owner of the internet-famous squirrel Peanut sends a cease and desist letter to Binance, demanding the cessation of the use of PNUT-related IP
• The leader of South Korea's ruling party, Han Dong-hoon, announces his resignation
• A Hainan court concludes a case involving the trading of personal information using cryptocurrency, with the main perpetrator sentenced for illegally selling 82 million pieces of information
• Data: Approximately 5 billion DOGE transferred from Binance, valued at $2.029 billion
• Upbit will list VANA

"What important events occurred in the past 24 hours"

The Korea Digital Asset Protection Foundation officially begins operations, having taken over the assets of 40,000 users from closed exchanges

According to SBS Biz, the Korea Digital Asset Protection Foundation has officially begun operations, responsible for receiving, safeguarding, and managing user deposits and virtual assets held by virtual asset businesses that have ceased operations, and returning them to users. Customer deposits held by some trading businesses in the virtual currency market will also be transferred to the protection foundation.

The foundation announced today that it has transferred the assets of approximately 40,000 users from five closed virtual asset exchanges: Apro Korea, Ten and Ten, Hanbitco, Qbit, Pay Protocol, and AG.

Since the foundation's establishment on September 26, it has conducted individual discussions with the closed businesses to verify the status of the assets to be transferred, ensure the actual possession certification of user assets under custody, and carried out necessary procedures such as asset review and test transfers to ensure the safe transfer and management of user assets.

The protection foundation plans to complete negotiations regarding the transfer of user assets with up to eight closed businesses by the end of this year, with five businesses being the first to transfer assets.

Bitcoin founder Satoshi Nakamoto becomes the 16th richest person in the world due to the rise in Bitcoin prices

According to Bitcoin Magazine editor The Bitcoin Historian, Bitcoin founder Satoshi Nakamoto has become the 16th richest person in the world with a personal wealth valuation of $106 billion, as the price of Bitcoin reached $106,000, surpassing Michael Bloomberg.

Data: El Salvador currently holds 5,965.76 BTC

Mempool data shows that El Salvador currently holds 5,965.76 BTC, approximately $615 million.

The owner of the internet-famous squirrel Peanut sends a cease and desist letter to Binance, demanding the cessation of the use of PNUT-related IP

Mark Longo (@Squirrel_Dad12), the owner of the internet-famous squirrel Peanut, stated that he has sent a cease and desist letter to Binance through his law firm. The letter points out that Binance has used multiple intellectual properties without authorization, including the PNUT trademark and the image of a squirrel wearing a cowboy hat.

According to the letter, Longo has been using the PNUT-related trademark in the United States since April 2017, primarily for educational and public welfare projects related to animal protection, wildlife, and nature conservation. If the infringement is confirmed to be intentional, the compensation amount could reach up to $150,000 for each infringement. The lawyer demands that Binance respond and cease all infringement activities by December 31.

The leader of South Korea's ruling party, Han Dong-hoon, announces his resignation

According to Jinshi, Han Dong-hoon, the leader of South Korea's ruling party, has announced his resignation.

A spokesperson for the South Korean Ministry of Defense stated that approximately 1,500 soldiers were deployed during the curfew on December 3.

A Hainan court concludes a case involving the trading of personal information using cryptocurrency, with the main perpetrator sentenced for illegally selling 82 million pieces of information

According to The Paper, the Wenchang City People's Court in Hainan recently concluded a case involving the trading of personal information using cryptocurrency. The court's investigation revealed that the defendant, Han, purchased over 82.24 million pieces of personal information on QQ for 500 yuan in 2021, including 7.27 million photos of ID cards, 30.69 million vehicle owner information, and 1.07 million bank user information.

In March 2023, Han sold this information through QQ, WeChat, Telegram, and other platforms, collaborating with courier Wu to obtain delivery transaction information, pricing each piece at 1.5 yuan in USDT, and profiting 770 yuan through a virtual asset trading platform. The court sentenced Han to one year and eight months in prison for violating citizens' personal information rights and fined him 3,000 yuan. Co-defendant Wu was sentenced to eight months in prison with a one-year and four-month probation and fined 2,000 yuan.

Data: Approximately 5 billion DOGE transferred from Binance, valued at $2.029 billion

According to Whale Alert monitoring, at 14:26 Beijing time, 4,999,999,999 DOGE (approximately $2.029 billion) were transferred from Binance to an unknown wallet.

Upbit will list VANA

According to an official announcement, Upbit has announced that it will soon support trading of the new digital asset VANA, with the specific trading start time to be announced one hour in advance once liquidity is sufficient. VANA will support KRW, BTC, and USDT markets, with its recharge function expected to open on December 16 at 19:00, conducted through the Vana network.

Balaji Srinivasan: AI and the reputation of the crypto field may converge

Former Coinbase CTO Balaji Srinivasan tweeted that AI originates from academic research and large tech companies, thus having a higher reputation; whereas crypto technology originates from anonymous forums and internet communities, initially having a lower reputation.

However, AI makes everything easy to forge, while crypto technology makes forgery difficult, and the reputations of the two may gradually converge. He believes that while AI is widely recognized as an important technology with civilizational significance, the value of crypto technology is underestimated, and the reputations of the two will gradually approach each other in the future.

Peter Schiff: Investors buy Bitcoin to get rich, while buying gold is for wealth preservation

Economist and gold advocate Peter Schiff posted on X, stating: "Most people buying Bitcoin now believe it will make them rich. Most of those who already own Bitcoin refuse to sell because they hold the same belief. Most of those selling Bitcoin have already gotten rich because they bought Bitcoin years ago and are now cashing out.

Many people buying gold actually need it for business. Investors buy gold not to get rich, but to preserve wealth, or at least to maintain the value of their existing assets. So there is a big difference between the two."

Schiff later added: "Today's Bitcoin price has once again reached a historic high. It is very likely that tomorrow we will find out that the buyer is Michael Saylor. This seems to be a trend, as this has happened for the past five Mondays."

Cryptocurrency wallet provider Exodus announces it will list on the NYSE on December 18

According to Globenewswire, cryptocurrency wallet provider Exodus Movement, Inc. (OTCQX: EXOD) announced that its common stock has been approved for listing on the NYSE American.

The company's Class A common stock, with a par value of $0.000001, will begin trading on NYSE American under its current trading symbol "EXOD" at the start of trading on December 18, 2024.

The common stock will continue to trade on the OTCQX market until the market closes on December 17, 2024. Current shareholders of the company do not need to take any action before the company is expected to list on NYSE American.

Binance will launch MOCA U perpetual contracts, with leverage up to 75 times

According to an official announcement, Binance will launch MOCA U perpetual contracts, with leverage up to 75 times.

CoinShares: The inflow of digital asset investment products this year has reached $44.5 billion, more than four times that of other years

According to CoinShares' latest weekly report, digital asset investment products continued to attract inflows last week, totaling $3.2 billion, marking the tenth consecutive week of inflows. Year-to-date, total inflows have reached $44.5 billion, more than four times that of any other year. The average weekly trading volume of ETPs reached $21 billion, accounting for 30% of the total Bitcoin trading volume on trusted exchanges. In trusted exchanges, Bitcoin's trading volume has high liquidity, with an average daily trading volume of $8.3 billion this year, which is twice that of the FTSE 100 index. In terms of regional capital flows, all regions have seen inflows, with overall sentiment being generally positive, particularly notable inflows from the United States, Switzerland, Germany, and Brazil, amounting to $3.1 billion, $36 million, $33 million, and $25 million, respectively.

Bitcoin investment products attracted $2 billion in inflows, bringing the total inflow since the U.S. elections to $11.5 billion. Although the total assets under management (AuM) remain at a low level of $130 million, with the recent price increase, Bitcoin short products attracted $14.6 million in inflows. Ethereum has attracted inflows for the seventh consecutive week, totaling $1 billion, with total inflows over these seven weeks reaching $3.7 billion, significantly improving market sentiment. With the rising hopes for U.S. listed ETFs, altcoin XRP attracted $14.5 million in inflows, while Polkadot and Litecoin attracted $3.7 million and $2.2 million in inflows, respectively.

Vana mainnet officially launched, airdrop eligibility check has begun

According to an official announcement, the Vana mainnet has officially launched, along with the introduction of VANA staking functionality. Community rewards for the testnet include:

• Users who participated in the early DataDAO pre-mining through the Aurora Cohort (as Data Heroes or directly involved);
• Community builders in the Vana Discord;
• Holders of V on Vana NFTs.

The snapshot was completed on December 13, 2024, and the airdrop eligibility check has begun.

"What are the exciting articles worth reading in the past 24 hours"

From governance to staking: A comprehensive analysis of the multiple applications and future growth of the ZRO token

In the first and second parts about LayerZero, we introduced the mechanisms, business models, and dynamics of the entire cross-chain field. In this third part, we will focus on the protocol token $ZRO.

A fat penguin NFT valued at 1 million yuan, is it set to become the new "big boss"?

On December 16, according to OpenSea data, the floor price of the NFT Pudgy Penguins broke through 34 ETH, currently reported at 34.2 ETH (approximately $137,000), with a 24-hour increase of 22.5%; its sub-series NFT Lil Pudgys broke through 4 ETH, currently reported at 4.24 ETH (approximately $17,000), with a 24-hour increase of 20.9%.

Notably, the Pudgy Penguins series has seen astonishing growth in this bull market, with OpenSea data showing its floor price has risen from around 11 ETH to 34 ETH in the past month, approximately 980,000 yuan; and its market value has reached 300,000 ETH, equivalent to about $1.19 billion as of the time of writing.

The 500x miracle coin DRUGS that emerged over the weekend, igniting a new wave of daos.fun fundraising?

The DeSci project Big Pharmai (DRUGS) continued the wealth creation myth of daos.fun over the weekend.

According to market data from GMGN , as of the time of writing, DRUGS is reported at $0.0401198, corresponding to a market value of approximately $44 million. Based on the fundraising phase limit of 420 SOL (approximately $92,000) (an additional 42 SOL was raised to build initial liquidity), DRUGS has surged nearly 500 times since its "internal market" emergence, becoming the most outstanding daos.fun series token after ai16z.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN , as of December 16, 19:30:

In the past 24 hours, the top five popular Ethereum tokens are: PEPU, MOCA, SHIRO, TOKI, SHANG

In the past 24 hours, the top five popular Solana tokens are: SHIKOKU, NYANCAT, MOM, SHITCOIN, NOSE

In the past 24 hours, the top five popular Base tokens are: VIRTUAL, CINNA, SKIC, HADAKA, Labz