Crypto Morning Brief: Altcoin Season Index Hits Yearly High, AAVE USDC Deposit Rate Reaches 40%
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Altcoin Season Index Hits Yearly High, AAVE USDC Deposit Rate Reaches 40%
ME token airdrop eligibility and distribution inquiry will open on December 4.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Latest Data: 60 Public Companies Worldwide Hold Over 538,000 Bitcoin
On December 3, according to the latest statistics from HODL15Capital (as of December 2, 2024), a total of 60 publicly traded companies worldwide hold Bitcoin on their balance sheets, with a combined total of 538,175 BTC.
The top five holders are:
MicroStrategy (USA): 402,100 BTC
Marathon Digital (USA): 34,794 BTC
Galaxy Digital (Canada): 15,449 BTC
Riot Platforms (USA): 10,928 BTC
Tesla (USA): 9,720 BTC
Geographically, U.S. firms dominate, while companies from Canada, Japan, Germany, and other countries also hold Bitcoin. In Asia, firms from Hong Kong, China, Japan, Singapore, and Thailand are among the holders. The majority are technology and digital asset firms, including several cryptocurrency mining companies.
Altcoin Season Index Hits Annual High
Data from Coinmarketcap shows the Altcoin Season Index has reached an annual high of 83.
The CMC Altcoin Season Index is a real-time indicator measuring whether the current crypto market is in an altcoin-dominated phase. Data indicates that over the past 90 days, 83 out of the top 100 cryptocurrencies by market cap have outperformed Bitcoin in price gains.
Sonic Labs Mainnet Generates First Block; Token Airdrop Snapshot Completed
According to The Block, Layer 1 blockchain project Sonic Labs (formerly Fantom) announced its mainnet has generated the first block, marking the completion of the "Genesis" phase, with full launch expected soon. Days earlier, the project launched its upgraded testnet "Blaze."
The team previously stated the mainnet would go live at the end of November or early December. Sonic Labs has completed the snapshot for S token airdrop distribution, enabling a 1:1 swap with Fantom’s FTM token, and introduced the Sonic Gateway for cross-chain bridging functionality.
Vitalik: Wanxiang May Have Saved Ethereum; Says He Might Never Return to Russia
On December 3, Ethereum co-founder Vitalik Buterin said in an interview with Wu Blockchain that after Ethereum's mainnet launch in 2015, the foundation was nearly out of funds. Wanxiang purchased 410,000 ETH at $1.20 each, investing $500,000 to support the foundation—an investment that may have “saved the foundation.”
Vitalik also expressed that the large-block philosophy was correct in theory but failed due to poor execution. He criticized the Bitcoin community for being overly focused on price, noting limited technical progress ahead.
Regarding the Russia-Ukraine war, Vitalik said the conflict fundamentally changed him. After publicly supporting Ukraine, he realized he might never be able to return to Russia and could face a 10–15 year prison sentence.
On Ethereum’s vision, Vitalik prefers the concept of a “world computer,” seeing it not just as a blockchain but as an ecosystem capable of supporting diverse applications.
AAVE USDC Deposit Rate Hits 40%, USDT Deposit Rate Reaches 28%
On December 3, official data showed that deposit interest rates on lending protocol AAVE reached 40% for USDC and 28% for USDT.
Nike’s NFT Entity RTFKT Announces Plans to Gradually Shut Down Operations
Nike’s NFT subsidiary RTFKT announced on X that it will gradually wind down operations, with Web3 services expected to cease by the end of January 2025. RTFKT plans to launch a new website showcasing its pioneering work. Before the transition, RTFKT will release another innovation this December: MNLTHX featuring BLADE DROP.
Magic Eden Co-Founder: ME Token Airdrop Eligibility Check Opens December 4
Jack Lu, co-founder and CEO of Magic Eden, announced on social media that users can check their ME token airdrop eligibility starting December 4. The ME token will officially launch on December 10.
Coinbase Adds Solana-Based Meme Coin MOODENG to Asset Listing Roadmap
Officially, Coinbase has added the Solana-based meme coin Moo Deng (MOODENG) to its asset listing roadmap.
WisdomTree Submits S-1 Filing to U.S. SEC for XRP ETF
According to an S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC), WisdomTree has filed an application for the WisdomTree XRP Fund, an exchange-traded fund (ETF) that issues common shares of beneficial interest to be listed on Cboe BZX Exchange, Inc., under the ticker symbol “TICKER.” The trust aims to gain exposure to XRP’s price, net of operational fees and liabilities. The Bank of New York Mellon (“BNYM”) serves as the manager, fund accountant, and transfer agent for the trust.
Bernstein: ETH ETF Inflows Outpace BTC; Staking Yield Could Be New Growth Engine
According to CoinDesk, brokerage Bernstein said in a Monday research report that although Ethereum (ETH) has underperformed Bitcoin (BTC) this year, ETH ETF inflows have recently reversed course—suggesting the downturn may be ending. On Friday, BlackRock’s spot Ethereum ETF saw $250 million in inflows, surpassing its larger spot Bitcoin ETF, which received only $137 million the same day—creating favorable supply-demand dynamics for ETH.
Bernstein noted staking yield could become another key driver for Ethereum. Initial spot ETH ETF filings did not include yield due to regulatory constraints.
DeBox: Confirms EOA Wallet Private Key Leak; Will Buy Back All Lost Tokens
Social platform DeBox issued a security incident report confirming that the private key of its EOA wallet used for buybacks and liquidity deployment was compromised, resulting in the theft of 31 ETH and 4.87 million BOX tokens. The breach affected only the operational account and did not compromise user assets.
DeBox has taken countermeasures: it will use its stability fund to repurchase all stolen tokens from exchanges within one week and inject them into the BOX DAO pool; once the app supports multi-signature functionality, the operational wallet will be upgraded to a multisig; and a professional security firm has been engaged for investigation and asset tracking. The team continues monitoring the involved addresses and reserves the right to pursue legal action. Any recovered assets will be managed via DAO voting.
Market Update
Suggested Reading
Holding 380,000 Bitcoins: Unpacking MicroStrategy’s “Pump Magic”
MicroStrategy uses debt financing and stock issuance to raise capital for continuous large-scale Bitcoin purchases, creating a “spiral pump” business model. While this strategy dependent on rising Bitcoin prices can generate massive returns, it also carries inherent risks—making it crucial to monitor movements of long-dormant Bitcoin whales.
Decoding aixbt: Behind the 83% Win Rate, Which Coins Made the Most Profit?
The article summarizes 210 aixbt recommendations, 183 of which yielded profits—a success rate of 83%. It analyzes profit performance across different token categories and identifies top and bottom performers. Finally, it proposes a strategy that could achieve a +527.96% return.
XRP’s success challenges traditional crypto notions of “relying on venture capital” and “needing massive user bases.” Its stable cash flow, focused single-purpose design, audit mechanisms, and protection from the U.S. government are key value drivers.
Solana Summer’s Hidden Gem: Is Metaplex Underappreciated Amid the Meme Craze?
Metaplex is a foundational protocol serving all asset types within the Solana ecosystem and a direct beneficiary of the ongoing meme coin boom since年初. Its core business includes NFT and fungible token (FT) issuance and management, showing strong growth in business metrics. With a strong founding team, successful fundraising, and high valuation, Metaplex enjoys solid commercial moats. If Solana develops more active sectors in the future, Metaplex stands to benefit further.
DeSci at the Crossroads: Return to Value or Chase Memes?
This article explores the development direction of decentralized science (DeSci), analyzing the business models of two projects: Bio Protocol and Pump.Science. It notes neither fully commits to scientific research but instead offers memecoins to the market. The article argues DeSci must return to fundamentals and objective principles, yet also leverage VC-style hype to boost valuations and leader expectations. It concludes that DeSci consensus is just beginning, requiring long-term development, and investors should prepare for this narrative to explode in the next bull market.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
