Crypto Guides, Knowledge & Insights

Binance Announces Launchpool's 42nd Project: Sleepless AI (AI)

Binance launchpool has launched its 42nd project - Sleepless AI (AI), a Web3+AI gaming platform. Users can deposit BNB, FDUSD, and TUSD into the AI mining pool on the Launchpool website to earn AI rewards, which will run for a total of 7 days starting from December 28, 2023, 00:00 (UTC). The website is expected to be updated approximately within the next twenty-four hours before the mining activity begins.　　Binance will list Sleepless AI (AI) on January 4, 2024, at 10:00 (UTC). The trading pairs available will include AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY, and will follow the Seed Token Label trading rules.　　According to a research report released by Binance Research Institute on the Web3+AI companion gaming platform SleeplessAI, the project has raised $3.7 million through three rounds of private token sales, selling 7.6% of the total AI token supply, with a latest valuation of $200 million. As of December 26, 2023, the total supply of AI tokens is 1,000,000,000, and the circulating supply after listing is 130,000,000 (approximately 13% of the total token supply).　　Regarding its token sale and economics, 7.00% of the total token supply is allocated to Binance Launchpool, 1.00% for initial airdrops, 18.00% for investors, 18.00% for

2023-12-27Deep Dive

Tokenized U.S. Treasury Bond Market Reaches $770M, Ethereum Blockchain Holds Over $410M Value

According to data from the RWA monitoring platform RWA.xyz, as of the time of writing, the market size of tokenized US Treasury bonds has grown from around $100 million at the beginning of the year to $770 million, marking an increase of over 600%.　　Within this, the value of tokenized US Treasury bonds on the Ethereum blockchain amounts to $410.4 million, while the corresponding market value on the Stellar blockchain is $336.6 million.　　

2023-12-26Deep Dive

Year-to-date 2023: Crypto VC Investments at $10.7 Billion, a 68% Drop from Last Year

In 2023 so far, venture capital firms have invested $10.7 billion in cryptocurrency and blockchain startups, marking a 68% decrease compared to 2022 ($33.3 billion).　　Most of these investments occurred during the first half of this year, showing a decline in the latter half, although there was an increase in funding in November. Notably, there has been an increase in the proportion of transactions allocated to Pre-Seed, Seed, and Series A startups in 2023, while mid and late-stage deals have decreased compared to the previous year.　　Regarding verticals, NFT/Gaming, Infrastructure, and Web3 remain dominant in terms of transaction volume, while other sectors such as Data, Transactions, and Enterprises have seen fewer transactions.　　

2023-12-26Deep Dive

Ethereum's L2 TVL Reaches $18.27 Billion, Showing a 13.05% Increase in 7 Days

L2BEAT data shows that the current Total Value Locked (TVL) on Ethereum Layer 2 stands at $18.27 billion, marking a 13.04% increase over the past 7 days.　　The top five in terms of TVL are as follows:　　Arbitrum One: $85.9 billion, with a 4.23% increase over the past 7 days.　　OP Mainnet: $57.3 billion, showing a 20.00% increase in the last 7 days.　　Base: $741 million, with a 3.73% increase over the past 7 days.　　zkSync Era: $572 million, indicating a 5.67% increase over the last 7 days.　　dYdX V3: $353 million, with a 2.22% increase in the past 7 days.　　

2023-12-26Deep Dive

Delphi Digital Report: IRD Could Become One of the Hot Narratives in 2024

Delphi Digital has released a report titled “The Future of DeFi in 2024,” outlining several key points. These include: Ethereums core liquidity staking landscape is unlikely to undergo any significant changes; RWA quietly emerged as one of the most successful tracks in the cryptocurrency space in 2023; Uniswap V4, Uniswap X, and other DEXs are anticipated to be central themes in 2024; Rollups are seen as a sensible choice for various applications; and IRD might become a hot narrative in the crypto space.　　

2023-12-26Deep Dive

Long-Term BTC Hodlers Hold Over 76.1% of Circulating Supply, Nearing Record High

Glassnode recently released its annual on-chain review report for 2023. The year 2023 proved to be an incredible year for digital assets, with Bitcoin surging by over 172% and correcting by less than 20%, experiencing net capital inflows into Bitcoin, Ethereum, and stablecoins.　　Throughout this year, the Bitcoin market witnessed breakthroughs in several significant technical and on-chain pricing models, with October being a pivotal point for institutional capital inflow.　　The supply of Bitcoin held by long-term holders is currently approaching historic highs, and a vast majority of Bitcoin is currently held at a profit.　　Out of the total circulating supply of 195.74 million Bitcoins, over 14.9 million (76.1%) are held outside of exchanges and have seen no activity for over 155 days, an increase of 825,000 BTC compared to the same period last year. This has resulted in a record low of 2.317 million BTC held by short-term holders.　　The market structure is undergoing significant changes, with Tether re-establishing dominance among stablecoins. CME futures volume has surpassed Binance, and the options market is also experiencing significant growth.　　With the increasing possibility of a spot ETF launch in the United States in early 2024 and Bitcoins halving scheduled for April, the coming year is expected to

2023-12-25Deep Dive

Solana's On-Chain NFT Transaction Volume Rises to Second Place

Cryptoslam.io data shows that last week, NFT transaction volume decreased by 12.26%, totaling $463.87 million. The number of NFT buyers increased by 72.05%, and sellers increased by 56.61%.　　Despite a 13.71% decrease from the previous week, Bitcoins on-chain NFTs still led the chart with a weekly transaction volume of $265.61 million, accounting for 57.25% of last weeks total NFT transaction volume. Solanas on-chain NFT transaction volume ($88.42 million) moved to the second position, while Ethereums on-chain NFT weekly transaction volume ($75.91 million) dropped to third.　　Among the top ten NFT series by transaction volume in the past week, nine were from the Bitcoin chain. Solanas on-chain NFT series, Open Solmap, with a weekly transaction volume of $10.24 million, ranked fifth.　　

2023-12-25Deep Dive

Tokens like OP, YGG, AGIX, and Others Set for Major Unlockings This Week

Token Unlocks data indicates that this week (from December 25th to December 31st), DYDX, 1INCH, YGG, AGIX, X2Y2, OP, and SUI tokens are scheduled for unlocking, as follows:　　December 26th, 23:00 UTC: dYdX token DYDX will unlock approximately 575,340 tokens (approx. $1.76 million), accounting for 0.21% of the circulating supply.　　December 27th, 20:00 UTC: 1inch token 1INCH will unlock approximately 64,290 tokens (approx. $27,500), constituting 0.01% of the circulating supply.　　December 27th, 22:00 UTC: Yield Guild Games token YGG will unlock 16,690,000 tokens (approx. $7.38 million), representing 5.94% of the circulating supply.　　December 28th, 08:00 UTC: SingularityNET token AGIX will unlock 9,250,000 tokens (approx. $3.18 million), accounting for 0.74% of the circulating supply.　　December 30th, 10:55 UTC: X2Y2 token X2Y2 will unlock 37,500,000 tokens (approx. $440,300), constituting 9.94% of the circulating supply.　　December 30th, 12:00 UTC: Optimism token OP will unlock 24,160,000 tokens (approx. $85.04 million), representing 2.65% of the circulating supply.　　December 31st, 08:00 UTC: Sui token SUI will unlock 4,000,000 tokens (approx. $2.96 million), accounting for 0.39% of the circulating supply.　　

2023-12-25Deep Dive

Kaiko: Bitcoin to Be One of the Best Performing Assets in 2023

Kaiko Research, a data provider, predicts that Bitcoins performance this year will outpace major traditional assets. Despite challenging macroeconomic conditions and resistance in the crypto industry, Bitcoin has surged over 160% in 2023. Only a few company stocks have outperformed Bitcoin, notably NVIDIA Corp (NVDA), whose stock has risen by 241% year-to-date, surpassing Bitcoins surge (163%).　　Kaikos analysis divides BTCs price movements throughout the year into three phases. From March to October, BTCs trading price remained mostly between $25,000 and $30,000, followed by a significant decline, hitting multi-year lows in mid-2023. However, with BlackRock applying for a Bitcoin spot ETF on June 15, Bitcoins price surged above $40,000.　　

2023-12-25Deep Dive

Coinbase Obtains Cryptocurrency License in France

On December 21st, according to CNBC reports, the cryptocurrency exchange platform Coinbase has succeeded in its registration with Frances market regulatory authority, confirmed by a company spokesperson on Thursday. This milestone paves the way for the company to expand its services in another crucial European market. The Autorité des marchés financiers (AMF) granted approval to Coinbase as a Virtual Asset Service Provider (VASP), effectively giving the company the green light to operate digital currency services in France.　　The VASP registration will allow Coinbase to provide custody of digital assets, fiat currency purchase or sale of digital assets, trading between digital assets, and operating a digital asset trading platform. The company stated in a declaration on Tuesday that regulatory bodies in European countries like France have been working to keep pace with the advancements in emerging technologies like crypto and blockchain, aiming to strike a balance between enhancing the potential of payment systems and transactions while ensuring consumer protection.　　The European Union has been working on introducing the Markets in Crypto Assets (MiCA) regulations in its market, which would create a coordinated framework for regulated operation of crypto companies within the groups countries. According to MiCA, crypto companies may not have to obtain

2023-12-22Deep Dive

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