Crypto Morning News: Stacks announces sBTC launch next week, Coinbase adds PNUT to listing roadmap
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Crypto Morning News: Stacks announces sBTC launch next week, Coinbase adds PNUT to listing roadmap
MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Binance Labs announces investment in Perena, a Solana-based stablecoin infrastructure protocol
Binance Labs has announced an investment in Quine Co., the core development team behind Perena, to support its mission of building the first stablecoin infrastructure protocol on Solana. Perena aims to build a more decentralized, efficient, and accessible financial system by combining DeFi innovation with traditional finance principles.
Perena addresses fragmentation in the stablecoin ecosystem through its product Numéraire—a multi-token extensible Stableswap that does not require CLMM management—while lowering capital requirements for launching new stablecoins. Users can mint stablecoins via the protocol, earn returns from tokenized real-world assets, and use a tiered collateralized debt position system to customize risk-return profiles.
The Binance Labs investment will help the Perena team scale operations, grow its global community, and develop a comprehensive suite of stablecoin products on Solana.
Apple launches Siri integrated with ChatGPT
On Wednesday, Apple released software updates for iPhone, iPad, and Mac, including a new version of Siri powered by ChatGPT. This marks a major win for OpenAI as it brings one of its flagship products directly to millions of iPhone users.
Stacks announces sBTC launch next week
Bitcoin scaling solution Stacks announced on X that it will launch sBTC next week. Users will be able to deposit BTC into sBTC and earn BTC rewards through the sBTC Rewards Program.
IntoTheBlock: Over 1.3 million addresses accumulating Bitcoin between $94,800 and $97,700
IntoTheBlock posted on X that 482,000 addresses have purchased Bitcoin between the current price and $100,000.
However, the real demand zone lies between $94,800 and $97,700, where over 1.3 million addresses are accumulating Bitcoin. This range represents a critical area of potential support.
Cardano founder: Focus on Bitcoin DeFi ecosystem in 2025, demo planned for May
Cardano founder Charles Hoskinson announced that Input Output Global (IOG) will focus on developing the Bitcoin DeFi ecosystem in 2025. The team plans to collaborate with multiparty computation protocol developer Fair Gate Labs, aiming to release a demonstration version before the Bitcoin Conference in May 2025.
In response to community questions, Hoskinson revealed that the technology developed by Fair Gate Labs will form the foundation of BitcoinOS without requiring any additional tokens. Cross-chain transactions will only require Bitcoin. The project will also work with community initiatives and wallet providers to achieve the goal of "awakening the sleeping giant."
MicroStrategy set to officially join Nasdaq 100 Index on December 23
According to Crypto Briefing, MicroStrategy is expected to officially join the Nasdaq 100 Index on December 23, with an official announcement likely on December 13. Bloomberg ETF analyst James Seyffart estimates that ETFs tracking the Nasdaq 100 will purchase approximately $2.1 billion worth of MicroStrategy stock—about 20% of the company’s daily trading volume. The company is projected to become the 40th largest constituent in the index, with a weight of 0.47%.
Bridgewater founder advises investors to avoid bonds and other debt assets, shift toward 'hard currencies' like gold and Bitcoin
According to the South China Morning Post, Ray Dalio, founder of Bridgewater—the world’s largest hedge fund—said at the Abu Dhabi Finance Week that investors should move away from debt assets such as bonds and instead shift toward “hard currencies” like gold and Bitcoin. Dalio noted that major economies (except Germany) have reached “unprecedented” levels of debt, making a debt crisis inevitable in the coming years, which would lead to significant currency devaluation. He emphasized that debt, money, and the economy are among the five key forces shaping the future, alongside domestic political order and geopolitical dynamics.
OCBC Bank to close overseas customer accounts; residency confirmation required by December 15
According to an official announcement, OCBC Bank’s Global Personal Banking Services has emailed customers stating that to retain their accounts, they must confirm they still reside in Singapore by December 15, 2024.
If OCBC does not receive a response by December 15, 2024, certain restrictions will be imposed on the account (e.g., withdrawals allowed but no deposits), followed by account closure. Once closed, all associated financial arrangements will be terminated.
Coinbase adds PNUT to its listing roadmap
According to an official announcement, Coinbase has added PNUT to its listing roadmap.
Market Data
Suggested Reading
The Evolution of Lending Markets: How Morpho Achieved Its Second Leap
The Morpho lending protocol achieved significant growth through two strategic transitions—first by optimizing interest rates on Aave and Compound, then shifting toward decentralized infrastructure by offloading risks to third parties. This greatly reduced platform risk and enabled open ecosystem development, allowing individuals or institutions to design their own lending risk management mechanisms on top of Morpho. Morpho clearly understands that a stable operational history is crucial for building a security-focused brand, forming the very foundation of its success.
PNET’s Rapid Rise: Could Hiring an AI Agent as a Personal Tutor Be a Winning Angle?
Principals Network (PNET) is a decentralized education network built on the Solana ecosystem, leveraging AI agents to deliver personalized online tutoring. PNET’s core design revolves around three key components: AI teaching agents, a decentralized knowledge graph, and on-chain learning credentials. Its goal is to provide learners with personalized, interactive educational experiences, enhanced by a token incentive mechanism to boost motivation. Currently live on testnet, market optimism stems from its innovative narrative around AI Agent-driven education and potential ties to Open Campus.
AI Agent Sector Consolidation: Liquidity Will Shift from Small Projects to a Few Winners
In the coming weeks, market liquidity is expected to flow out of smaller agent projects and concentrate in a select few winners. Smaller agent projects are losing appeal, while a handful of leading projects will capture increasing liquidity.
Decoding the Altseason: 6 Position-Building Strategies to Ride the Altcoin Wave
This article analyzes current trends in the cryptocurrency altcoin market. The author argues that a true altseason has not yet begun, but clear signals indicate it is approaching. The analysis covers market cycles, capital flows, Bitcoin dominance, and other factors, offering practical advice such as sticking to spot trading, averaging into positions, and managing risk. The piece also highlights several promising altcoins for readers’ consideration.
Interview with Zerebro Founder: The Birth of an AI Musician and a Stock Market for Creativity
Zerebro is an AI artist that has released singles, EPs, and albums, and established Opium DAO—a new decentralized record label. The company leverages blockchain and token economics to support artists and offers users opportunities to invest and participate. Zerebro’s evolution and integration of AI and crypto represent a glimpse into the future of the creative industry.
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