Crypto Morning Brief: Robinhood launches Ethereum staking service; investors may see "front-running" behavior ahead of the January presidential inauguration
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Crypto Morning Brief: Robinhood launches Ethereum staking service; investors may see "front-running" behavior ahead of the January presidential inauguration
Only 0.01% of publicly traded companies worldwide hold Bitcoin, and the market remains in an "elite experimentation phase."
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Robinhood Launches Ethereum Staking Service for European Users
According to Crowdfund Insider, Robinhood has announced the launch of its Ethereum (ETH) staking service, allowing users in Europe to earn rewards on their ETH holdings.
Robinhood Crypto stated that during a limited-time promotion, it will offer a "100% yield match" program, up to €10,000. ETH staking not only contributes to the security and efficiency of the Ethereum network but also allows users to earn staking rewards. The staking service provided by Robinhood is user-friendly, enabling straightforward ETH staking and unstaking.
In addition, earlier this year, Robinhood Crypto launched Solana (SOL) staking in Europe. Both ETH and SOL staking are currently eligible for the "100% yield match" promotion.
Movement Co-Founder Accuses Scroll Team of Misconduct, Damaging Reputation of EVM L2 Ecosystem
Rushi Manche, co-founder of Movement Labs, publicly criticized the Scroll team on X (formerly Twitter), citing multiple issues:
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After years within the community, launched a predatory incentive program ultimately burdening ordinary investors.
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The team had been selling secondary market shares for years before launch.
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Other team members were forced to buy in at an $1.8 billion valuation while senior leadership simultaneously sold off their holdings.
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Directly allocated airdrops to their own wallets and immediately cashed out.
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Designed the most predatory tokenomics model aimed at harming every member of the community.
Manche accused the Scroll team’s actions of damaging the reputation of the EVM L2 ecosystem and called for improvements to prevent it from appearing “like an outright scam.”
Chinese-Listed Company SOS Announces Plan to Purchase Up to $50 Million Worth of Bitcoin
According to PR Newswire, Chinese-listed company SOS Ltd. announced that its board has approved an investment plan to purchase up to $50 million worth of Bitcoin. Wang Yandai, Chairman and CEO of SOS, said the current Bitcoin market shows strong performance, supported by the launch of Bitcoin ETFs and improved U.S. regulatory conditions.
The announcement indicates that SOS will employ quantitative trading strategies, including investment, trading, and arbitrage, to execute the plan. With Bitcoin currently trading around $93,000, the market expects it could surpass $100,000 by year-end. The company believes Bitcoin is not only foundational to the digital asset ecosystem but also has potential as a global strategic reserve asset.
Moonshot Lists Solana-Based Meme Coin $1
According to Moonshot Listings, Moonshot has listed the Solana-based meme coin just buy $1 worth of this coin ($1). The market cap of $1 is currently reported at $62.2 million.
Binance to Launch Perpetual Contracts for MORPHO and CHILLGUY with Up to 75x Leverage
According to official announcements, Binance Futures will list perpetual contracts for MORPHOUSDT and CHILLGUYUSDT.
The MORPHOUSDT perpetual contract will go live at 22:30 UTC+8 on the 27th, followed by the CHILLGUYUSDT contract at 22:45 UTC+8. Both contracts support up to 75x leverage.
21Shares Analyst: Investors May Exhibit 'Front-Running' Behavior Before January Presidential Inauguration
According to Business Insider, Matt Mena, crypto research strategist at 21Shares, said the $100,000 level for Bitcoin represents a key psychological resistance, where many holders since the previous bull run tend to take profits. This price behavior resembles March 2024, when Bitcoin approached the 2021 high of $69,000. At that time, Bitcoin hovered near that level for nearly seven days before breaking through, as prior cycle participants anticipated a pullback and exited positions.
Looking ahead, Mena expects Bitcoin may retrace further to the $80,000 support level, which would benefit long-term market health. Prior to that, the first major support below $90,000 lies at $87,000. Options market data shows traders of December-expiry contracts generally anticipate Bitcoin reaching $80,000.
Nonetheless, Mena remains bullish on year-end prospects, forecasting Bitcoin could reach between $110,000 and $120,000. He explained that during the holiday season, investors often share experiences with family and friends about Bitcoin and crypto investments, potentially attracting new entrants. Additionally, there is significant market optimism surrounding a second Trump term. Mena believes investor “front-running” ahead of the January presidential inauguration could provide momentum for Bitcoin to break above $100,000.
OKG Research: Only 0.01% of Global Listed Companies Hold Bitcoin; Market Still in 'Elite Experimentation Phase'
According to OKLink Research Institute, since November 6, 17 listed companies in the U.S. and Japan have disclosed or approved holding Bitcoin as a strategic asset. Among them, MicroStrategy purchased 55,500 BTC for $5.4 billion, demonstrating strong commitment. Currently, only 0.01% of global listed companies hold Bitcoin, suggesting institutional adoption remains in its infancy—just the tip of the iceberg—indicating the market is still in an “elite experimentation phase.”
Base Ecosystem AI Agent Clanker Fees Surpass $1.2M in One Day, Token Trading Volume Exceeds $100M
According to Dune dashboard data, Clanker, an AI agent-based token launch platform on Base, achieved a record $1.2 million in fees on November 26.
On the same day, trading volume for tokens launched via Clanker reached $116 million, surpassing $100 million for the first time and accounting for approximately 32.8% of Pump Fun’s total platform volume. The native CLANKER token surged over 40% in the past 24 hours, with market cap exceeding $120 million.
CZ: Recommends Using Blockchain to Empower AI Data Labeling, Building a Decentralized AI Data Processing Ecosystem
Changpeng Zhao (CZ), founder of Binance, posted on X advocating that AI data labeling and related data processing tasks are highly suitable for blockchain implementation. This model can overcome geographical barriers and enable instant payments to low-cost global labor via cryptocurrency.
CZ noted that BNB Chain’s decentralized storage system, Greenfield, already possesses relevant storage capabilities, though additional tooling needs development. He urged developers to participate actively in building a decentralized AI data processing ecosystem.
Japanese Social Media Giant Line Plans to Launch Mini Dapp Platform Next Year
Japanese social media giant Line plans to launch a blockchain application (Dapp) platform by the end of January 2025. According to Sam Seo, Chairman of the Kaia DLT Foundation, the platform will initially feature 30 Dapps, expanding to 150 by the end of Q1.
The platform will target Line’s 196 million global active users, primarily in Japan, Taiwan, Thailand, and Indonesia. Seo said gaming apps will dominate, alongside social, DeFi, and AI-powered chat applications. This move follows Telegram’s launch of games like Catizen and Hamster Kombat on the TON blockchain, marking another major social platform entering the blockchain space.
Kraken Updates Listing Roadmap, Adds Gravity (G), Michi (MICHI), and Sigma (SIGMA)
Cryptocurrency exchange Kraken has updated its listing roadmap. The new version removes Vanar Chain (VANRY) and Reserve Rights (RSR), and adds Gravity (G), Michi (MICHI), and Sigma (SIGMA), while retaining previously planned listings including COW, DOGS, FWOG, GOAT, PNUT, NOT, Neiro, and others.
Kraken emphasized that tokens listed on the roadmap represent intent to list, not confirmation. No deposits or trading will be supported until officially announced by the Kraken Pro X official account.
Market Overview
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