“Compared to crypto-native narratives like DeFi and NFT or transformative narratives like GameFi, AI is an alien narrative.”

According to on-chain analyst AI Auntie, the address associated with the Travala project transferred 600,000 AVA (about 1.56 million US dollars) to Binance in the past 15 hours, with an average price of 2.6 US dollars. This is the first transfer/sale operation of the address. The address received 8.21 million tokens transferred by the project party a year ago (accounting for 14.57% of the total circulation of tokens); in the past 11 months, it has withdrawn 1.76 million tokens (about 1.32 million US dollars) from Binance at an average price of 0.7497 US dollars, and has currently made a floating profit of 4.1 million US dollars.

According to Whale Alert, 300,000,000 USDT (approximately US$300,060,000) was transferred from Binance to an unknown wallet 18 minutes ago.

AscendEX (formerly BitMax) will launch Nutcoin (NUT) at 19:00 on December 13, opening the NUT/USDT trading pair, and recharge is now open.

According to U.Today, Ethereum Foundation researcher Justin Drake's recent comments about the Cardano network have sparked a response from Cardano founder Charles Hoskinson. Drake's remarks were made during an appearance on the Paul Barron Network show, where he discussed the proposed Beam Chain upgrade aimed at enhancing Ethereum’s consensus layer with faster finality and zero-knowledge proof integration. The discussion raised questions about whether liquid staking poses an immediate threat to Ethereum and if Cardano's staking mechanism is superior. Hoskinson addressed these misconceptions in a recent post, emphasizing the robust security model of Cardano, which draws inspiration from Bitcoin's design. He expressed surprise at the lack of engagement from Ethereum's scientists with Cardano's research, noting that this has led to misunderstandings about Cardano's capabilities. Hoskinson highlighted that Cardano's approach does not require slashing and benefits from 50% Byzantine resistance, unlike classical Byzantine Fault Tolerance (BFT) protocols. He questioned Drake's understanding of the Nakamoto consensus and Ouroboros, Cardano's consensus algorithm. The discussion on social media further clarified the misconceptions, with users pointing out that Cardano never finalizes two conflicting checkpoints. While theoretically, discrepancies can be resolved within 36 hours, they are typically settled in just 40 seconds. This clarification aligns with Hoskinson's long-standing argument that Cardano's network does not require slashing, a mechanism used in Proof of Stake (PoS) networks like Ethereum to penalize validators for infractions such as double signing or invalid transactions. The ongoing dialogue highlights the need for better understanding and engagement between different blockchain communities to avoid misconceptions and foster collaboration.

Bitcoin and Ethereum going to see substantial volume decrease source: https://u.today/27-billion-in-bitcoin-and-ethereum-expired-whats-next

According to U.Today, the recent unveiling of Google's new quantum chip, Willow, has stirred significant discussion in the technology and cryptocurrency sectors. This advanced chip reportedly solved a complex problem in just five minutes, a task that would take the fastest supercomputer an estimated 10 septillion years. The development has raised concerns about the potential impact of quantum computing on blockchain security, with fears that such technology could compromise the integrity of cryptocurrencies by hacking into blockchains and crypto wallets. The announcement from Google has led to market volatility, contributing to the liquidation of over $2 billion in open positions held by cryptocurrency traders. This has reignited debates about the existential threat quantum computing poses to digital currencies. Despite these concerns, Craig Wright, an Australian businessman who controversially claims to be Bitcoin's creator, Satoshi Nakamoto, has dismissed the fears. In a recent social media post, Wright argued that quantum computers do not exist in the form that could threaten cryptocurrencies. He stated that even if they did, they would not be capable of breaking cryptographic hashes, labeling the concerns as "a bedtime story for people who want to feel smart." While Wright's comments have sparked further debate, the issue of key security remains unresolved. Some experts in cryptography suggest that quantum computers might one day be able to derive private keys from public keys, posing a potential risk to cryptocurrency security. However, this capability is not currently feasible, and its future possibility remains a topic of speculation among cryptologists. As the technology continues to evolve, the cryptocurrency community remains vigilant, balancing optimism for technological advancement with caution over potential security implications.

According to U.Today, the cryptocurrency market experienced a significant liquidation event this week, with over $2 billion in long and short positions, primarily the former, being forcibly closed. This event continues to impact the market, with nearly $300 million liquidated in the past 24 hours. However, the nature of these liquidations is not as one-sided as before, as reported by CoinGlass. In the midst of this market turbulence, an intriguing anomaly has emerged in the trading of XRP, currently the third-largest cryptocurrency. In the last four hours alone, liquidations of perpetual futures on XRP amounted to $1.44 billion, with only $111,000 being shorts and $1.33 million longs. This represents an abnormal imbalance of 1,209%, highlighting the current sentiment surrounding the popular cryptocurrency. Most traders appear to be bullish on XRP in the short term, but the market is penalizing those with over-leveraged positions or those who entered the market late. While late sellers are present, they are in much smaller numbers. The roots of this unusual imbalance in XRP trading can be traced back to the price action of the cryptocurrency. Over the past two days, XRP's price has surged by over 30%, currently trading at $2.40. This bullish trend has been fueled by a remarkable 400% increase in XRP's price over the past few weeks, capturing the attention of the entire crypto market. Many investors saw this as an opportunity to capitalize on the upward momentum. However, as is often the case, latecomers and those who failed to manage their risk effectively were shaken off, with XRP experiencing only a 2.9% decline during today's trading session.

According to U.Today, it has been 14 years since Satoshi Nakamoto, the enigmatic creator of Bitcoin, made his final known post on the Bitcoin forum. On December 12, 2010, Satoshi's last message was posted, and the following day, December 13, 2010, marked his permanent departure from the platform. This event was a pivotal moment in Bitcoin's history, as it transferred the responsibility for the cryptocurrency's development and governance to its decentralized community. Since Satoshi's disappearance, Bitcoin has continued to thrive, becoming a symbol of the power of decentralized technology. Over the years, it has grown into a multi-trillion-dollar asset class, inspiring the creation of thousands of other cryptocurrencies and blockchain-based applications. Despite the absence of its creator, Bitcoin's journey from a niche internet project to a significant component of global financial infrastructure is remarkable. The cryptocurrency has seen its value rise from a fraction of a cent to $100,000, reflecting its widespread adoption and influence. The true identity of Satoshi Nakamoto remains a mystery, with speculation ranging from a single individual to a group of developers. However, no definitive evidence has surfaced to confirm any theories. Bitcoin's network has expanded significantly since the Genesis Block, achieving a market capitalization of $2 trillion and surpassing silver in value. It has settled $131 trillion in volume through 1.12 billion transactions, showcasing its substantial growth and impact. Throughout this period of market expansion, investors have experienced a total of $1.27 trillion in profits and $592 billion in losses on-chain, resulting in a net capital inflow of $750 billion. This highlights the immense value that has flowed into the Bitcoin network over its lifetime. As of December 5, notable aggregate balances included 1.8 million BTC (9.1% of the supply) held on exchanges and 1.1 million BTC (5.6% of the supply) managed by U.S.-based ETFs, indicating significant growth since their launch on January 11, 2024. Additionally, miners, excluding Patoshi, held 700,000 BTC (3.5% of the supply), while the U.S. Treasury possessed 187,000 BTC (0.9% of the supply), demonstrating the widespread distribution of Bitcoin ownership across various entities.

According to U.Today, a significant amount of XRP has been transferred over the past 20 hours, with Ripple, the San Francisco-based cryptocurrency giant, playing a major role in these transactions. In total, 640 million XRP were moved within a 12-hour period. The largest of these transactions involved Ripple transferring 380 million XRP to an anonymous blockchain address, valued at approximately $915 million at the time of the transaction. This movement has sparked interest and speculation within the community, particularly in light of the recent regulatory approval of the Ripple USD (RLUSD) stablecoin. Further details from the XRP-focused Bithump explorer indicate that the 380 million XRP transferred by Ripple was sent to an anonymous wallet associated with Ripple. In addition to this, another transaction involved the transfer of 200 million XRP, worth around $485 million, between two unknown wallets. Bithump confirmed that this transaction also occurred between wallets linked to Ripple. In total, Ripple was responsible for transferring 580 million XRP during this period. Moreover, an additional 60 million XRP, equivalent to $145 million, was moved between anonymous wallets. Overall, Whale Alert has reported a cumulative transfer of $1.5 billion worth of XRP. This activity coincides with a notable increase in XRP's market performance, as the cryptocurrency has seen a 25.74% rise over the past two days. This surge is attributed to the approval of RLUSD for listing on cryptocurrency trading platforms, with XRP's price rising from $1.92 to $2.24 at the time of reporting.

As the funding rates of a large number of altcoins soared to the highest level in nearly three years, this round of sentiment-driven altcoin market finally ushered in a violent shock after the climax.

According to U.Today, XRP's price chart is currently displaying a setup that suggests a potential breakout as the asset trades within a descending price channel. This pattern, following a parabolic rise, is typical of a consolidation phase, indicating a buildup of momentum for a significant move. Since reaching its recent peak above $2.80, XRP has been in a corrective phase within this channel. Despite the decline, consistent trading volume and a relative strength index hovering around overbought levels suggest that XRP remains fundamentally strong. The price has shown resilience, maintaining higher lows and staying close to the $2.30 support level, which signals a bullish continuation. The upper limit of the descending channel, currently at $2.50, is a critical level to watch for a potential breakout. If this level is decisively breached, it could propel XRP back to its previous highs and possibly beyond. Conversely, if XRP fails to break out, there may be another opportunity for accumulation if the price retests the lower support around $2 or the 26 EMA. The overall market sentiment also plays a significant role in XRP's performance. With increasing activity in the broader cryptocurrency market and the anticipation of regulatory clarity, XRP might be poised for a major surge. Should a breakout occur, the next targets could be $2.80 and the psychological barrier at $3. As XRP approaches the peak of the descending channel, the next 48 hours will be crucial. A resolution of the pattern is expected to result in a trend continuation, particularly if the trading volume remains strong. Whether the breakout happens on the upside or downside, it is clear that XRP is preparing for a significant move. Investors should exercise patience and closely monitor the breakout level. A rejection could offer another buying opportunity at lower levels, while a strong breakout might signal a resumption of the bullish trend.

The ten latest developments and innovations in the DeFi field cover technology upgrades, protocol innovations, ecological development, and integration with AI.

Australia is tightening its grip on cryptocurrency regulation with new proposals aimed at preventing financial crimes such as money laundering and terrorist financing.

He embraces a strongman vision that proposes deporting millions of immigrants, dismantling parts of the federal government, retaliating against political opponents, and dismantling institutions that millions of people view as censorious and corrupt.

SEC Chair Gary Gensler has intensified scrutiny of Elon Musk, targeting Neuralink with a 48-hour settlement ultimatum. Musk responded with satire, portraying Gensler as a snail in a suit. Is this Gensler’s last move before his expected resignation?

Against the backdrop of the somewhat “outdated” NFT narrative, it remains to be seen whether Pudgy Penguins can revive the industry’s tone and achieve sustainable development.

LLM,Does the Large Language Model have non-linguistic reasoning capabilities? Golden Finance,This is thinking, but not expressing it in language.

Meta Platforms has contributed $1 million to U.S. President-elect Donald Trump’s inaugural fund, a company spokesperson confirmed in an email to Reuters.

The American economy is divided between two contrasting visions: Joe Biden’s stabilising approach, focused on international cooperation and supporting the middle class, and Donald Trump’s bold reforms, driven by protectionism and tax cuts for the wealthy.