BTC traded at a discount in South Korea

Hot projects + Market overview

I. Mainstream exchange news

• Coinbase International will list MORPHO/USDT perpetual contracts on December 5 and has added MOG Coin (MOG) to its listing roadmap.
• Bitget has launched a cryptocurrency trading platform called BitEXC in the Vietnamese market.
• HTX will launch an upgraded activity LaunchPool, with HTX staking to receive dual airdrops of MEMEFI and PCI. Meanwhile, the token HTX has reached an all-time high.
• Bybit's application for a Hong Kong virtual asset license was unsuccessful in the final step. However, Bybit plans to reapply.
• Binance Contract Copy Trading will add the CHILLGUY/USDT trading pair.
• According to Kaiko, a cryptocurrency market data provider, Coinbase and Upbit have the strongest market share growth, as XRP’s liquidity and trading volume have increased.
• Bitcoin has traded at a discount on Upbit relative to other markets, possibly influenced by South Korean President Yoon Suk-yeol's announcement of a state of emergency. South Korean crypto KOLs reported that major exchanges are experiencing trading difficulties.

II. Mainstream projects and trending events

• Wintermute-funded wallet that starts with 0x246 has bought 2.366 million AIXBT tokens for about $471,000, increasing the total holding to roughly $627,000 worth of AIXBT even as the wallet sold 43,000 AIXBT for $8,590.
• MOODENG has become the memecoin with the largest holdings by Wintermute, valued at approximately $35.39 million.
• The incoming Trump administration may open the US IPO market to cryptocurrency enterprises.
• Grayscale plans to convert its Grayscale Solana Trust (GSOL) into an exchange-traded fund (ETF).
• Ethereum co-founder Vitalik Buterin has published a blog about the ideal blueprint for the development of cryptocurrency wallets, focusing on cross-L2 transactions and privacy protection.
• Foresight News hosted the “Rise of the MEME Army: How to Board the Crypto Wealth Spaceship" X Spaces event.
• Solana has integrated with Ledger's crypto debit card, CL Card (Crypto Life Card), supporting Apple Pay.
• aixbt, an AI agent from the Virtuals Protocol ecosystem, has launched CHAOS tokens on Simulacrum AI, with CHAOS's market value once reaching $20 million.

III. Funding news

• Pantera Capital, a crypto hedge fund and venture capital firm, has completed a $20 million funding round to double support the TON blockchain ecosystem.
• Crypto investment platform Public has completed $135 million in equity and debt funding led by Accel.
• Decentralized AI investment strategy analysis platform OpenPad AI has completed a $2 million funding round led by Basics Capital.
• SuperFi Labs, a crypto asset innovation lab, has completed a $2.5 million Pre-A funding round led by Linklogis.

IV. Regulatory news

• South Korean cryptocurrency exchanges such as Upbit, Bithumb, and Coinone will start paying regulatory fees from 2025.
• South Korea will gradually open up institutional crypto account corporate registration, allowing the cashing out of cryptocurrency donations.

V. Popular projects

Market overview

Bitcoin remains volatile at high levels, with its market dominance dropping to 55.27%.

This shift has spurred growth across altcoin sectors, notably with TRX setting a new record high.

Bitcoin is expected to find support when market dominance reaches 48%-53%. Meanwhile, altcoins have room to increase their market share by an additional 2%-5%.

SLAP: Viral cat meme

SLAP, derived from the viral image of a cat slapping another—a common feline defensive behavior—has been turned into various meme formats.

The project introduced Best Wallet for easy token management, with 9 billion tokens issued. Distribution is 50% for liquidity, 20% for staking rewards, 10% for community rewards, 10% for development, and 10% for the team (locked for 10 years). 

So far, 138 million tokens have been burned, with a current market cap of $76.64 million.

VADER: Increased transparency with the Dune board

VADER AI, based on the Virtuals platform, is an AI agent designed to lead in the emerging agent economy as an investment DAO manager.

It autonomously trades AI agent tokens using advanced algorithms for research and analysis, runs simulations to test investment strategies, and executes transactions on-chain.

The entire supply of VADER is unlocked and in circulation, with 36% controlled by the team. The project provides transparency through a Dune dashboard. Currently, the market cap of VADER is $49.27 million.

GAME: AI agent in the Virtuals Ecosystem 

GAME, an AI agent on the Virtuals platform, stands for Generalized Autonomy, Motivation, and Evolution. 

This agent autonomously processes inputs and learns from interactions, utilizing long-term memory to enhance its decision-making. It constantly refines its knowledge and skills through ongoing evaluations of its actions and dialogues.

GAME's market cap stands at $53.65 million.

STNK: Oldest meme in Solana ecosystem

STNK, also known as Stonks, claims to be the oldest memecoin in the Solana ecosystem, with its contract created on April 2, 2021.

Known for its absurdist humor, the project's whitepaper is notably content-free, enhancing its quirky appeal.

Despite having only $3.3 million in on-chain liquidity, STNK has a market cap of $167 million.

XVG: Rising popularity

Verge, launched on October 9, 2014, as "Dogecoin Dark," is an open-source cryptocurrency based on Bitcoin technology, utilizing Scrypt and x17 algorithms.

It features a rapid block time of 30 seconds, with rewards recalculated based on the total blocks generated.

Renamed to Verge in 2016, the coin has recently caught traction in the old coin trading frenzy, achieving a market cap of $285 million. 

On-chain daily

1. MAD

MAD is a memecoin on the Solana network featuring a purple demon, conceptualized as the embodiment of a "crazy Degen." Rumors suggest it may soon be listed on an exchange.

• Number of Token Holders: 48,788
• Current Price: $0.0000335
• Market Cap: $33.5M
• Official Twitter: https://x.com/madcoinvip
• Trade Board: https://dexscreener.com/solana/duscoec6lfhv3f9l6at2tg7bv8lng3eponvwpybdzckp

2. TAO

TAO is an AI memecoin on Solana, designed to inspire humanity and adapt to any API interface where the AI can operate.

• Number of Token Holders: 2,400
• Current Price: $0.011
• Market Cap: $11M
• Official Twitter: https://x.com/anthroorder
• Trade Board: https://dexscreener.com/solana/63zqanw5ydwb2fysmdv6d29ygekti181vanfcqlrvt6c

3. BARSIK

BARSIK is a memecoin on the Solana network created in memory of Barsik, the cat owned by Russian personality Hasbulla.

• Number of Token Holders: 36,303
• Current Price: $0.054
• Market Cap: $54M
• Official Twitter: https://x.com/BarsikOnSolana
• Trade Board: https://dexscreener.com/solana/hobanfhnrdcfp8z8t9n3j6k4uf5jsdmdpdxxqpyc83o

4. FAI

FAI is an AI Agent token on Base, representing Freysa, the world’s first adversarial agent game. Players aim to persuade the AI to give them the prize pool controlled by Freysa.

• Number of Token Holders: 2,874
• Current Price: $0.00372
• Market Cap: $30.4M
• Official Twitter: https://x.com/freysa_ai
• Trade Board: https://dexscreener.com/base/0x68b27e9066d3aadc6078e17c8611b37868f96a1d

5. Conan

Conan is a memecoin on the Solana network inspired by a dog in California that was euthanized after attacking humans to protect its owner.

• Number of Token Holders: 11,410
• Current Price: $0.0105
• Market Cap: $10.5M
• Official Twitter: https://x.com/weloveconan
• Trade Board: https://dexscreener.com/solana/cxxgu1ck8mncyqfqe1jqw2qtnljnhelgpuavkmsncskd

6. WORMWORM is a DeSci token on Solana, designed to put the neural architecture of worms on-chain. Users can interact with it to observe its behavioral changes.

• Number of Token Holders: 10,948
• Current Price: $0.0265
• Market Cap: $26.5M
• Official Twitter: https://x.com/deepwormxyz
• Trade Board: https://dexscreener.com/solana/g4ebeajvfndmuberwqahkqh94jktnedfs6zudscsxa5

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

• The current BTC transaction fee is 4 satoshis/byte. 
• Transaction fees remain consistently low, with overall stability.

Fractal Bitcoin Gas Fee Update:

• Transaction fees are now 6 satoshis/byte. 
• Gas fees have slightly increased but remain relatively weak in trend.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking

ORDI:

• Current Price: $46.65
• 24-Hour Change: +15.93%
• Market Cap: $979.62 million

DOG:

• Current Price: $0.0068
• 24-Hour Change: +1.82%
• Market Cap: $679.99 million

FB:

• Current Price: $6.25
• 24-Hour Change: +4.17%
• Market Cap: $45.88 million

Today's Popular Projects

MoonCats: A fractal Bitcoin inscription themed around "MoonCats." Recently, a series of related inscriptions have emerged, including MoonMouse, MoonFish, and Moon AI.

• Market Cap: $854.81K
• 24-Hour Trading Volume: $5.46K
• 24-Hour Change: +3.59%
• Number of Holders: 31,474

wawa: Based on the story concept of being Pepe's son, this project has shown a clear upward trend recently.

• Market Cap: $7.44 million
• 24-Hour Trading Volume: $142.8K
• 24-Hour Change: +74.44%
• Number of Holders: 4,125

DOG•GO•TO•THE•MOON: One of the leading Rune projects with a large community base.

• Market Cap: $701.46 million
• 24-Hour Trading Volume: $1.24 million
• 24-Hour Change: +3.98%
• Number of Holders: 96,793

Disclaimer

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data during provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.