Crypto Morning News: Doodles NFT founder hints at potential token launch, Binance Alpha announces third batch of projects
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Crypto Morning News: Doodles NFT founder hints at potential token launch, Binance Alpha announces third batch of projects
The Bank of Japan held interest rates steady, marking the third consecutive pause in rate hikes.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Doodles NFT Founder Hints at Token Launch, Floor Price Briefly Surpasses 8 ETH Before Retreating
Burnt Toast, founder of the Doodles NFT project, posted an ambiguous message on social media whose first letters spell out "token is coming," suggesting a potential token launch.
Following this news, the floor price of Doodles NFT briefly surged past 8 ETH before pulling back. It currently stands at 6.78 ETH, with a 24-hour gain of 61.77%.
Binance Alpha Announces Third Batch of Projects
Binance Alpha has revealed its third batch of supported projects:
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FROG (BNB Chain, animal-themed Meme)
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AICell (BNB Chain, AI agent)
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CGPT (BNB Chain, AI symbiosis)
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MONKY (BNB Chain, animal-themed Meme)
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TERMINUS (Ethereum Chain, Elon Musk Mars colonization concept Meme)
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GRIFFAIN (Solana Chain, AI agent)
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$RIF (Solana Chain, decentralized science)
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$URO (Solana Chain, decentralized science)
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CLANKER (Base Chain, AI agent)
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LUNAI (Base Chain, AI agent)
Bitwise CIO: Fed Statement Just a Minor Blip, Bullish Crypto Trend Remains Intact
Matt Hougan, Chief Investment Officer at Bitwise, shared his views on X, explaining why he believes the current bullish trend in the crypto market will continue.
Although the latest Federal Reserve policy statement caused short-term market disruption—revising down rate cut expectations for next year from four to two cuts—Hougan sees this as only a temporary pause in the ongoing bull market. He argues that the crypto market has developed intrinsic momentum independent of Fed policy, driven by four key trends:
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Washington’s regulatory stance is clearly shifting toward supportive
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Institutional investors are accelerating their entry, with continuous inflows into ETFs
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Strategic accumulation of Bitcoin by governments and enterprises
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Breakthrough progress in programmable blockchain technology
From a technical standpoint, Bitcoin’s 10-day exponential moving average (around $102,000) remains above the 20-day EMA (approximately $99,000). Hougan noted that this classic indicator has historically been reliable in reflecting market direction.
Hougan emphasized that the crypto market is in a new multi-year bull cycle, and a 50bps rate hike won’t alter that trajectory.
Osprey Funds Launches First Publicly Traded BNB Fund in the U.S., CZ Praises Community Initiative
On December 19, Binance co-founder Changpeng Zhao (CZ) celebrated Osprey Funds’ launch of the Osprey BNB Chain Trust ($OBNB), now trading on the OTCQX market. This marks the first publicly traded fund in the U.S. offering exposure to BNB, the native token of BNB Chain.
CZ highlighted that this was a community-driven initiative and that he did not participate directly.
Bank of Japan Holds Rates Steady, Third Consecutive Pause on Rate Hikes
The Bank of Japan announced it will keep its policy interest rate unchanged at 0.25%, marking the third consecutive meeting without a rate hike. The vote was 8–1, with only board member Naoki Tamura supporting an increase to 0.5%. Following the decision, USD/JPY spiked 70 pips to 155.27. Analysts warn of further yen depreciation risks.
The central bank stated it will continue monitoring wage growth in relation to inflation targets, expecting inflation to align with the 2% goal by late fiscal year 2026. Markets await Governor Kazuo Ueda’s press conference for clues on future rate hikes. Analysts suggest that if no clear signal for a hike in January or March emerges, the yen could weaken further, potentially pushing USD/JPY toward 160.
Sahara AI Launches Beta Testnet of Phase One Data Platform, Over 780K Users Registered
Sahara AI officially launched the beta testnet of its first-phase data platform. The event attracted over 780,000 registrants, with more than 10,000 users selected to participate. Through the Sahara AI testnet, regular users can contribute to the AI ecosystem via data collection, optimization, and labeling tasks, earning rewards while helping build the world’s first decentralized AI collaboration platform.
The testnet launch represents the first stage in Sahara AI’s ecosystem development. Future plans include launching an AI data marketplace and model hub to further enable tradable, traceable AI assets and decentralized collaboration models.
Sahara AI previously raised $43 million in funding from investors including Pantera Capital, Binance Labs, Polychain Capital, Sequoia Capital, and Samsung Next to advance decentralized AI.
10x Research: Not Every Dip Is a Buying Opportunity, Interest Rates Could Stay Higher for Longer
10x Research issued a market update cautioning that not every market dip presents a buying opportunity.
The report noted that while Chair Powell’s slightly hawkish tone was expected, the updated median projection from the Fed surprised markets by forecasting rate hikes not only in 2025 but also in 2026 and 2027. Powell indicated it may take 1–2 years to return to the 2% inflation target, reinforcing hawkish sentiment. These long-term projections were shocking, suggesting rates could remain elevated for an extended period.
Equities fell 3%, and Bitcoin dropped 4%. Retail trading activity remains weak, leading to sharper declines in altcoins, many of which plunged 10% or more. While the impact of Trump-era policies remains speculative, sluggish demand from European economies and China could dampen global growth—and inflation. Meanwhile, a stronger dollar may pressure U.S. corporate earnings.
Eigen Foundation Grants 1 Million EIGEN Tokens to AltLayer, To Be Distributed in Two Phases to Community
In an official announcement, the Eigen Foundation revealed a grant of 1 million EIGEN tokens to AltLayer in recognition of its ongoing contributions to the EigenLayer ecosystem. AltLayer confirmed it will return all tokens to the community through a two-phase distribution: the first tranche of 500,000 EIGEN will begin distributing this week to reALT holders and stakers; the second tranche of 500,000 will be released when EigenLayer V2’s reward mechanism launches on mainnet in 2025.
The first phase begins on December 20, 2024, at 11:00 Beijing time, and runs until February 20, 2025, at 11:00. Eligible users must have held reALT between May 9 and December 12, 2024.
Decentralized AI Training Platform FLock Completes $3M Strategic Round Led by DCG, Parent Company of Grayscale
Decentralized AI training platform FLock announced the completion of a $3 million strategic funding round, bringing total funding to $11 million. The round was led by Digital Currency Group (DCG), parent company of Grayscale, with participation from Lightspeed Faction and other strategic partners including Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoin Japan, Bas1s Ventures, and A41.
This funding marks a significant milestone in FLock’s mission to democratize AI model development, enabling its progression into a new phase focused on building the world’s first decentralized AI training platform.
Market Update
Suggested Reading
Preview of 2025’s Main Theme: Make DeFi Great Again
This article analyzes three major trends shaping DeFi in 2025:
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Pro-crypto policies under a potential Trump administration—including proposals for a Bitcoin strategic reserve, mainstream legalization of cryptocurrencies, and crypto ETF approvals—could create a more favorable regulatory environment for DeFi.
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A new rate-cutting cycle could drive increased capital flows into DeFi, similar to the bull markets of 2017 and 2021. DeFi protocols like AAVE and Hyperliquid are also innovating rapidly, entering high-growth phases.
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Mainstream exchanges such as Binance and Coinbase are increasingly listing DeFi-related tokens, signaling growing market confidence in the sector.
The convergence of stablecoins and AI is creating a new, efficient, and intelligent financial ecosystem. Stablecoins provide AI agents with programmable and reliable monetary instruments, while AI brings intelligence to blockchains, enabling smarter, faster, and more efficient financial systems. This integration is driving a three-stage evolution—from human-machine interaction to machine-to-machine transactions—with profound implications for financial inclusion and global economic models.
How Michael Saylor Turned Convertible Bonds Into a Bitcoin Printing Machine?
Michael Saylor leveraged convertible bonds through strategies such as issuing zero-coupon bonds, capturing premium gains, and converting debt into Bitcoin holdings. By skillfully combining debt, equity, and Bitcoin price volatility, he accumulated vast amounts of Bitcoin. While this financial engineering carries high risk, sustained Bitcoin price appreciation could make it a landmark case in financial history.
The 'Play-to-Earn' Model Is Declining—Blockchain Gaming Shifts Toward Ecosystem Integration
Blockchain gaming is undergoing transformative changes, primarily driven by the involvement of traditional game developers.
User access to blockchain games has become easier due to improved user experiences.
Games are shifting from overt crypto features to seamless integrations where Web3 functions operate behind the scenes.
The 'play-to-earn' model is evolving significantly, focusing more on practical applications of on-chain characteristics.
This report reviews key trends and themes in the cryptocurrency market in 2024 and offers forward-looking insights for 2025. Key highlights include:
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Performance analysis of top- and bottom-performing crypto assets in 2024, covering “VC coins” (low float/high FDV), memecoins, and RWA projects.
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Multiple investment themes explored in 2024 were validated, such as Bitcoin options markets predicting election outcomes and analyzing the impact of the U.S. Bitcoin Strategic Reserve Act.
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Forecasts for 2025 include: Bitcoin surpassing $210,000, total crypto market cap reaching $7.5 trillion, Ethereum rebounding, Solana rising to $1,000, stablecoin market cap hitting $300 billion, DEX trading volume exceeding CEX, Bitcoin ecosystem value exceeding 1% of the Bitcoin network, and the emergence of new EVM-based public chains.
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