According to the monitoring of Ai Yi, an on-chain analyst, the ETH band winning rate is 83.3%. In the past two hours, the whale sold the 1,434 WETH (cost 3,607.9 US dollars) that it had just added to its position at an average price of 3,647 US dollars to lock in profits, which was worth about 5.23 million US dollars and made a profit of about 56,000 US dollars.

According to Odaily, Cash App has announced the termination of Bitcoin transfers using user tags, effective December 20, 2024. This decision follows months of compliance investigations by the U.S. federal government into Block, the parent company of Cash App. The announcement, made on Cash App's help page, has raised concerns among users about the app's risk management capabilities. Despite this change, users can still send and receive Bitcoin through the Lightning Network or the Bitcoin blockchain. A review of the Wayback Machine in October revealed no prior notification of this change. The update appears to specifically affect Bitcoin transfers and does not seem to impact other services, such as sending stocks or cash using unique identifiers known as cashtags. A spokesperson for Cash App stated that the decision was made to focus internal resources on the products and services most valued by Bitcoin holders on the platform. Cash App, originally launched as Square Cash in 2013 as part of Block Inc., began as a peer-to-peer payment system similar to PayPal's Venmo. Over time, it has evolved into a super app, offering features such as Bitcoin and stock purchases, savings, lending, and a prepaid Visa debit card issued by Sutton Bank. The usage of Bitcoin peer-to-peer transfers on Cash App remains unclear, as the platform does not disclose these figures. However, regulatory filings indicate that the cryptocurrency business has been profitable for the company. In the fourth quarter of 2023, Cash App generated over $65 million in Bitcoin gross profit, marking a 90% increase from the fourth quarter of 2022. In the early months of 2023, Cash App reported over $10.3 billion in net revenue, accounting for approximately 65% of Block's net revenue at the time. As of December 2023, Cash App had 56 million active accounts, though it remains uncertain how many of these users engaged with its cryptocurrency services.

According to Whale Alert, 11 minutes ago, 100 million XRP (about 273 million US dollars) were transferred to the Korean trading platform Bithumb.

A UK judge denied Craig Wright's appeal, citing inaccuracies and "AI-generated hallucinations," sparking questions about his use of AI in the filing.

KPay Group, a payment management platform for small and medium-sized enterprises, announced the completion of its first round of institutional financing of US$55 million, led by Apis Growth Markets Fund III and Apis Global Growth Fund III. This transaction is also the largest Series A financing in the global payment field so far in 2024. The new funds will be used for product development, as well as accelerating the speed to market, improving customer experience, expanding into new Asian markets and supporting strategic mergers and acquisitions. It is reported that KPay currently serves 45,000 merchants in Hong Kong, Singapore and Japan, and cooperates with more than 150 SaaS providers, banks and financial services companies. The company has about 440 employees in Hong Kong and Singapore.

On Dec 03, 2024, 06:35 AM(UTC). According to Binance Market Data, BNB has crossed the 660 USDT benchmark and is now trading at 660 USDT, with a narrowed 1.97% increase in 24 hours.

Cash App’s decision to end the ability to transfer Bitcoin via user tags comes months after the U.S. federal government launched an investigation into Block’s compliance practices, sparking concerns among users about the app’s ability to handle risks. In a notice on its help page, Cash App announced that it would “no longer support sending and receiving Bitcoin between $cashtags starting December 20, 2024.” The company noted that users can still send and receive Bitcoin using the Lightning Network or the Bitcoin blockchain. A check of the Wayback Machine in October showed no such notice. Moreover, the change appears to affect only Bitcoin transfers and does not appear to affect other services, such as sending stocks or cash via unique identifier cashtags. A Cash App spokesperson said the company made the decision to “focus internal resources on the products and services most used and valued by Bitcoin holders on Cash App.” Cash App (formerly Square Cash) was launched in 2013 as part of Block Inc. and was originally a peer-to-peer payment system similar to PayPal’s Venmo. It has since expanded into a super app with features like bitcoin and stock buying, savings, lending, and even a prepaid Visa debit card issued by Sutton Bank. It is unclear how much bitcoin p2p transfers are used on Cash App, as the platform does not disclose this data. However, regulatory filings show that the cryptocurrency business has been profitable for the company, with Cash App generating more than $65 million in gross bitcoin profits in the fourth quarter of 2023, up 90% from the fourth quarter of 2022. In the first few months of 2023, Cash App generated more than $10.3 billion in net revenue, about 65% of Block's net revenue at the time. As of December 2023, the app had 56 million active accounts, but it is unclear how many of them used crypto services. (crypto.news)

The venture capital fund founded by former NBA star Omri Casspi has completed $60 million in fundraising, which will invest in early-stage cybersecurity, cloud infrastructure and AI startups. The fund plans to support 10 companies and will invest $5 million to $7 million in each transaction. Swish Ventures is Casspi's second fund after the $36 million fund Sheva Capital launched in 2022. Casspi said that since Sheva's investment period has ended, he is responsible for managing Sheva's portfolio. Investors including EON founder Ophir Ehrlich, Upwind founder Amiram Shachar, and PointFive co-founders Gal Ben-David and Alon Arvatz participated in the fund's fundraising. (TechCrunch)

LTC has risen more than 27% in the past week, significantly increasing the number of addresses holding coins in a state of floating profit. According to data from IntoTheBlock, in mid-November, about 60% of LTC holders were in a state of floating profit. By December 2, this number had risen to nearly 80%, and the capital inflow/outflow indicator showed that there are currently more than 6.37 million LTC addresses (about 79.37%) in a state of floating profit. (crypto.news)

In the future, BTC will absorb all long-term capital. If Microsoft replaces the "wasted" capital from stock repurchases with BTC, it will more effectively push up Microsoft's stock price. Therefore, Microsoft should adopt the BTC strategy and hoard BTC.

The Witch Game, an Argentine horror film, is sparking debate due to its English dub being created entirely with AI, replacing human voice actors. This has raised concerns about AI's impact on the creative industries, including job loss and the authenticity of artistic work.

According to Arkham data, the 0x246 address funded by Wintermute bought 2.366 million AIXBT 15 hours ago, worth about $471,000, and sold 43,000 AIXBT 15 hours ago, worth about $8,590. The address currently holds about 2.32 million AIXBT, worth about $627,000. AIXBT is the second AI agent token purchased by the address after purchasing NFTXBT.

On South Korea's major cryptocurrency exchanges Upbit and Bithumb, the number of user accounts over 60 years old reached 775,718 (as of the end of September), an increase of 30.4% from the end of 2021. Users in this age group hold a total of 6.7609 trillion won in cryptocurrency assets, with an average investment of about 8.72 million won per person, the highest per capita investment among all age groups. During the same period, the number of accounts of users in their 50s increased by 22.5% (356,169), while those in their 20s decreased by 6.4%, and those in their 30s increased by only 8.3%. At the same time, the current deposit balance of South Korea's five major banks was 592.67 trillion won, a decrease of 26.95 trillion won from the end of June, setting a new low since January this year. Analysts believe that the effect of Trump's election and the expectation of interest rate cuts have accelerated the transfer of funds from banks to risky assets. Earlier news, South Korea's ruling party and opposition party have reached a consensus on postponing the taxation of cryptocurrencies. The cryptocurrency income tax policy originally scheduled to be implemented on January 1, 2024 will be postponed to 2027.

自2018年起，Bybit已成长为全球第二大加密货币交易所，预计到2024年拥有超过3000万用户，其上市和资产研究团队对平台的代币上市和下架决策具有重大影响。然而，Bybit存在严重的监管违规和治理问题，如利益冲突、内幕交易及市场操纵等，已对平台的完整性和投资者安全构成风险。

According to news on December 2, XRP surpassed Solana and Tether (USDT) to become the third largest crypto asset by market value, returning to the level before the SEC VS Ripple lawsuit in 2020.

Is MicroStrategy (hereinafter referred to as MSTR), the biggest variable in this round of bull market, a LUNA-like Ponzi scheme operation model? What is the essence of MSTR?

Recently, Hyperliquid held TGE and distributed airdrops to the community. Its token HYPE rose from $2 per coin to a maximum of $9.8, with a FDV of nearly $10 billion. Currently, HYPE fluctuates around $8.3. This article reviews Hyperliquid's TGE event.

RTFKT, once a leader in digital fashion and NFTs, is shutting down its Web3 services by January 2025 due to the decline of the NFT market.

The wheel of the cycle turns, pushing the market, which was full of fear and hesitation not long ago, into a new stage, and trading suddenly heats up in this mood.

Coinbase has integrated Apple Pay, simplifying fiat-to-crypto transactions and improving user experience. The partnership removes previous transaction challenges and is live for all users, requiring no extra effort from app developers. Could this mark a significant shift in the payments landscape?