Crypto Morning Brief: Altcoins Wiped Out, Magic Eden Airdrop Claims Open Tonight at 22:00
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Altcoins Wiped Out, Magic Eden Airdrop Claims Open Tonight at 22:00
OpenAI officially launches AI video generation model Sora.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
QCP Capital: BTC and ETH may remain range-bound until year-end; ETH new highs could come in January next year
According to the latest analysis from QCP Capital, $4,000 for ETH and $100,000 for BTC are key price levels. From options market data, the largest open interest is seen in contracts expiring on December 27, with 90,000 contracts at the $4,000 strike price for ETH and 16,000 contracts at the $100,000 strike price for BTC.
Data shows traders are closing profitable positions on BTC $100,000 call options expiring December 27, potentially shifting to March-dated $130,000–$150,000 options. Additionally, perpetual contract funding rates on Deribit remain stable, while major exchanges show slightly elevated funding rates—still indicating low probability of a sharp price surge.
Historically, ETH tends to reach its all-time high in January of the year following Bitcoin’s halving event. The ETH risk reversal indicator suggests bullish sentiment will strengthen notably starting January next year. While QCP maintains a structurally bullish outlook, they expect spot prices to trade sideways during the remainder of the holiday season.
Crypto altcoins broadly decline, POPCAT, WLD, GALA drop over 19%
According to Coinmarketcap, top 100 cryptocurrencies by market cap are mostly in decline:
Popcat (SOL) saw the largest drop, falling 20.88%, now trading at $1.20;
Worldcoin (WLD) down 19.96%, currently at $2.98;
Gala (GALA) down 19.23%, priced at $0.04793;
Filecoin (FIL) and Axie Infinity (AXS) both dropped 18.21%, trading at $6.34 and $7.62 respectively.
Trump’s Middle East envoy: Bitcoin is a disinflationary force, global allocation to Bitcoin remains severely underweight
Steve Witkoff, President Trump’s newly appointed Middle East envoy, emphasized that Bitcoin acts as a "disinflationary force," according to Bitcoin Magazine columnist Pete Rizzo. He also stated that global investment in Bitcoin remains significantly under-allocated.
Magic Eden airdrop claim opens tonight at 22:00
Magic Eden Wallet announced that the ME token airdrop claim will go live at 22:00 Beijing time on December 10. Users are reminded to beware of scams and only interact with links from official Magic Eden or $ME accounts.
Ethereum developer Max Resnick announces departure from Consensys to join Solana ecosystem
Ethereum ecosystem developer Max Resnick announced on X that he has left his role at Consensys and joined Anza, a Solana-focused development company.
In his first 100 days, Resnick plans to write as many specifications for the Solana protocol as possible, prioritizing fee markets and consensus implementation where he believes impact will be greatest.
He noted he will continue advising the Consensys team in a research capacity while focusing on his new role.
AI autonomous agent framework eliza becomes GitHub’s most popular project this month
According to GitHub data, eliza—an autonomous agent framework developed by ai16z—topped GitHub’s December trends with 2,842 new stars this month. Built using TypeScript, the project has accumulated 3,481 stars and 978 forks to date.
OpenAI officially launches AI video generation model Sora
On Monday, OpenAI officially opened access to its artificial intelligence (AI) video generation model Sora, capable of producing realistic videos from text prompts. This comes ten months after the initial preview. According to OpenAI, Sora will become available later that day to ChatGPT paid users in the U.S. and other markets. The updated version, Sora Turbo, can generate videos up to 20 seconds long and offer multiple variations. CEO Sam Altman noted early usage will be limited: ChatGPT Plus subscribers can generate 50 low-resolution videos per month, while ChatGPT Pro users can generate high-resolution videos without limit (albeit slowly), plus 500 fast-generation videos.
FTX founder SBF is writing prison diaries and plans to sell them to media outlets
Former FTX founder Sam Bankman-Fried (SBF), serving a 25-year sentence at the Metropolitan Detention Center in New York for fraud, is reportedly writing prison diaries with plans to sell them to media organizations. The diaries detail daily life behind bars, including discomfort from lack of pillows, interactions with fellow inmates, and widespread abuse of the drug “Deuce” within the facility.
SBF criticized the absence of clocks in prison, which distorts time perception, and described how he traded with other inmates to obtain temporary access to a pillow. He also mentioned daily meetings with legal assistants and regular video calls with his father, who is also his lawyer. Written from an observer’s perspective, the diary reflects SBF’s struggle to adapt to prison life and offers deep reflections on freedom and identity.
MicroStrategy bought 21,550 bitcoins last week for approximately $2.1 billion in cash
According to an official announcement from MicroStrategy, the company acquired 21,550 bitcoins between December 2 and December 8 for about $2.1 billion in cash, averaging approximately $98,783 per bitcoin. As of December 8, MicroStrategy and its subsidiaries hold a total of 423,650 bitcoins, with an aggregate purchase cost of around $25.6 billion and an average acquisition price of approximately $60,324 per bitcoin. The company also reported a quarterly Bitcoin yield (BTC Yield) of 43.2% and a year-to-date yield of 68.7%.
Jupiter community proposal to distribute 1.4 billion JUP tokens over two years passes
The Jupiter community, a decentralized exchange on the Solana network, passed a new Jupuary airdrop proposal with 87% support. Over the next two years, a total of 1.4 billion JUP tokens will be distributed in two rounds. Key updates in the revised proposal include reallocating unclaimed JUP tokens to the ASR (hold-to-earn) rewards pool, offering additional incentives to stakers, prioritizing actual holders and active ecosystem participants, and explicitly excluding bots from eligibility.
Market Data
Suggested Reading
AI Sector Overview: Who Are the Leading Projects?
This article categorizes and introduces current AI-related projects, including Layer1/Framework, AI Launchpad, AI Agent, AI Meme, and some hard-to-classify initiatives, with detailed insights into ai16z, zerebro, EMP, AIXBT, DEGENAI, BULLY, and others.
Variant Fund Investment Partner: AI Agents Have Become First-Class Citizens in the Onchain Economy
Bots are increasingly becoming priority users on blockchains, whether profit-driven or user-facing. AI agents enjoy advantages in crypto such as built-in payments, wallet ownership, and verifiable deterministic operations.
Messari Report: Deep Dive Into Seraph’s Success – From Game Mechanics to Economic Model
Seraph is a blockchain action role-playing game (ARPG) built on BNB Chain Layer-2. It demonstrates remarkable network activity, completing over 20 million transactions in the past 30 days and attracting 1.84 million unique players. The game features a rich equipment system and three dungeon modes, allowing players to earn rare assets through exploration and challenges. It also operates its own ActPass marketplace for seamless item trading. Leveraging BNB Chain’s Layer-2 technology, Seraph delivers high scalability and superior user experience.
JailbreakMe Clears Moonshot in 10 Hours, Launches “Find AI Vulnerabilities” Challenge With a Twist
This article covers JailbreakMe, a project launching a crowdfunded “Find AI Vulnerabilities” challenge, offering a novel way to uncover weaknesses in AI systems. It analyzes the project’s mechanics, token design, and participant incentives, proposing a new model that combines assetization with positive social impact.
Pudgy Penguins Migrates to Solana — Why Are More Projects Leaving Ethereum?
This article outlines structural issues within the Ethereum ecosystem and explains why certain projects are choosing to migrate to Solana.
The ETH ecosystem faces self-inflicted structural problems, such as core Ethereum Foundation developers transitioning into advisory roles and neglecting decentralization in DeFi. In contrast, the SOL ecosystem actively supports new projects and product innovation, attracting many new users and providing developers with a more favorable environment.
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
