Headlines
Vitalik Buterin: Many people in the Ethereum ecosystem like Moodeng
Ethereum co-founder Vitalik Buterin posted on the X platform: Many people in the Ethereum ecosystem like Mooden, and I am very happy to meet Mooden’s good friends in the zoo.
Litecoin: No affiliation with any project using Lester’s name or likeness on Solana
It’s been nearly a week since the LitecoinX account posted the meme “Due to current market conditions I now identify as a memecoin”, a lighthearted mockery of the current state of the cryptocurrency market and a self-deprecating admission that despite being one of the oldest and most reliable cryptocurrencies in the world, Litecoin’s achievements have been overshadowed and largely ignored over the past few years. Greg (@greg 16676935420) drew a new mascot for Litecoin, which unfortunately a group of people immediately took and used to create a “lestercoin” on the Solana blockchain.
BTC breaks through 93,500 USDT in a short period of time, setting a new record high
OKX market data shows that BTC broke through 93,500 USDT in the short term, setting a new historical high, with a 24-hour increase of 1.66%.
ai16z co-founder Shaw posted a message on the X platform in response to ai16z partner Logan dumped Eliza. He said: He bought the wrong tokens, thinking they were issued by our partners. When I told him we had not issued the tokens yet, he sold them. This is not insider trading at all.
Industry News
The Swiss Financial Market Supervisory Authority (FINMA) has listed digital assets as a high-risk area for money laundering in its latest risk monitoring report. The report highlights the vulnerability of digital assets, mentions their use in financial crimes such as evading sanctions, and the importance of strong regulatory supervision to mitigate these risks. The report points out that cryptocurrencies, especially stablecoins, are increasingly linked to money laundering and other illegal activities, including being used for evading sanctions and dark web transactions, which has heightened the concerns of financial regulators.
Russia to impose 15% tax on cryptocurrency income
Russia proposed a 15% tax on cryptocurrency earnings through a draft amendment proposed by the Finance Ministry on Monday as part of a broader move to regulate cryptocurrency mining and trading.
The proposed changes will reshape the tax framework for cryptocurrency miners, affecting income, expenses and related infrastructure. Income from mining output tokens will be taxed at market value when received, and miners can deduct operating expenses, thus ensuring that the tax calculation is balanced. Under the proposed amendments, cryptocurrencies will be classified as property for tax purposes. In addition, the new framework eliminates the value-added tax (VAT) on crypto transactions, and the taxation of income generated from these transactions will be similar to securities transactions. The proposed rules also include obligations for operators of mining infrastructure. These operators will be required to notify tax authorities of individuals using their facilities for mining, but it remains unclear what specific data they will need to disclose. (Interfax)
Project News
Active loans on Aave exceed $10 billion
Token Terminal data shows that active loans on Aave exceed $10 billion, while its active loans at the beginning of this year were $3.4 billion.
Tether Treasury issued 1 billion USDT on Ethereum this morning (authorized but not issued)
According to Whale Alert, around 3:36 Beijing time, Tether Treasury minted 1 billion USDT on Ethereum. Tether CEO Paolo Ardoino commented that this was an authorized but unissued transaction, which means it will be used as inventory for the next issuance request and on-chain exchange.
Investment and Financing
OpenLayer, a crypto AI startup co-founded by three former Robinhood employees, has completed a $5 million seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from crypto projects such as EigenLayer, AltLayer, Puffer Finance, and Sei Network.
DeFi liquidity solution Barter completes $3 million seed round of financing, led by Maven 11
Barter, a decentralized financial liquidity solution system, announced the completion of a $3 million seed round of financing, led by Maven 11, with participation from Lattice, Anagram, Heartcore, DCG and Daedalus Angels. Founded in 2023, Barter is mainly engaged in on-chain transaction matching and settlement. The company intends to use the funds to expand the team, accelerate research and continue to develop AppChain, a DeFi tool that connects liquidity and order flow.
Stablecoin infrastructure platform Noble completes $15 million Series A financing, led by Paradigm
Stablecoin infrastructure platform Noble announced the completion of a $15 million Series A financing round, led by Paradigm, and other investors have not yet been disclosed. The new financing brings Nobles total financing to $18.3 million. It is reported that the platform will use the funds from this round of financing to accelerate the adoption of stablecoins by developing new user-oriented products and expanding its workforce. Currently, Noble has reached cooperation with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs and Monerium, and the platform currently manages assets of more than $458 million. (Fortune)
Bitcoin L2 solution Bitfinity Network announced the completion of $12 million in financing, including $7 million from institutions such as Polychain Beacon Fund, ParaFi, Draft Ventures and Warburg Serres, and $5 million raised from community over-the-counter (OTC) token sales. The project will use the Chain Fusion technology of the Internet Computer Protocol (ICP) to enable the operation of Bitcoin native assets in an Ethereum-compatible ecosystem.
Alluvial, a staking protocol developer, completes $4.3 million in strategic financing led by Variant
According to official news, Alluvial, the developer of the institutional-grade liquidity staking protocol Liquid Collective, has completed a new round of strategic financing of US$4.3 million, led by Variant, with participation from Ethereal Ventures, Brevan Howard Digital, F-Prime Capital (a venture capital company under Fidelity Investments parent company FMR LLC), Nascent and others, bringing its total financing amount to US$22.5 million.
Character*Voice
ether.fi CEO: Meme coins are a cancer, 98% of players lose money
Mike Silagadze, CEO of ether.fi, wrote on the X platform that Meme coin is a cancer, and on-chain data shows that more than 98% of players are losing money, which is more predatory than the worst casinos. How long will it take for the Meme coin economy to exhaust all available players? After they are eliminated, will they have a positive impression of cryptocurrency?
ZachXBT: I will not help investigate Meme coins, Meme players are not worth helping
A user on the X platform requested the on-chain detective ZachXBT to help investigate suspicious transactions by members of the ai16z team during the release of the Meme coin ELIZA. ZachXBT replied that he should stop tagging him about suspicious events related to Meme coins and that he did not care whether Meme players were deceived or bullied because they were not worthy of help and never supported my work.
Agency: Under Trumps leadership, the Feds interest rate cuts will not be so aggressive
Asset manager Deutsche Bank Asset Management said in its 2025 outlook that U.S. economic growth will remain strong next year, although at a slower pace than in 2024. The firm expects U.S. gross domestic product growth to fall from an expected 2.7% in 2024 to 2.0% in 2025. The asset manager also predicts that the Federal Reserve will cut interest rates three times by December 2025. Under the new administration, the Feds interest rate cuts are expected to be less aggressive, Deutsche Bank Asset Management said. (Jinshi)
Consensys CEO: SEC crypto cases under Trump will be ‘dismissed or settled’
Consensys CEO Joe Lubin said the battle between the SEC and cryptocurrency companies could fade under President Trump. Lubin said those involved will “do whatever it takes to get the case dismissed or settled.”
