Top News:

1. Fidelity Bitcoin ETF code has been announced and listed on DTCC;

2. LayerZero: Protocol tokens are expected to be issued in the first half of 2024;

3. The open interest value of Bitcoin options has reached a historical high of $20.7 billion.

4. Layer 2 sections are on the rise, with OP leading the way with a 26% increase in the past 24 hours.

5. Bitcoin financial services company Swan has completed a $165 million financing and plans to raise another $150 million next year.

Price Observation

SOL breaks $68, up 8.77% in 24 hours

On December 8th, according to OKX market information, SOL broke through $68 and is now priced at $68.61, with a 24-hour increase of 8.77%.

Layer 2 sections are generally rising, with OP leading the way with a 24-hour increase of over 26%On December 8th, according to market data, Layer 2 tokens saw a general increase in price. Among them, OP is currently priced at $2.16, with a 24-hour increase of 26.1%. SKALE is currently priced at $0.045, with a 24-hour increase of 14.2%. IMX is currently priced at $1.54, with a 24-hour increase of 11.3%. ARB is currently priced at $1.17, with a 24-hour increase of 10.8%.

Ethereum broke through $2300 this morning, with a 24-hour increase of 5.35%.

On December 8th, according to OKX market information, Ethereum broke through $2300 this morning and is now priced at $2350.23, with a 24-hour increase of 5.35%.

JTO opened at $4.94 and is now trading at $3.6826

On December 8th, according to Binance market data, JTO opened at $4.94 and is currently trading at $3.6826.

OP short-term breakthrough $2, up more than 14% in 24 hoursOn December 8th, according to OKX market data, OP broke through 2 US dollars in a short period of time and is now priced at 1.993 US dollars, with a 24-hour increase of over 14%.

ORDI short-term rise more than 10%, rebounded above $57

On December 7th, according to OKX market data, ORDI rose more than 10% in a short period of time, rebounding above $57 and now trading at $57.007, with a 24-hour increase of 19.97%.

Bithumb reports EDU at $5.05, over 500% premium to mainstream CEX

On December 7th, according to CoinGecko market data, EDU on Bithumb is currently priced at $5.05, which is over 500% premium compared to the mainstream CEX price of around $0.71.

Transaction Tracking

A whale transferred $8.6 million worth of LINK to Binance and sold it, making a profit of over $4.61 million.

On December 7th, according to @EmberCN's monitoring, one hour ago, a whale transferred 569,907 LINK (equivalent to $8.6 million) that they bought at an average price of $7 on September 24th to Binance and sold it directly, causing the LINK price to drop by 2.5% (from $15.35 to $14.95). They made a profit of over $4.61 million (+115%). Then they bought ETH and withdrew 3,500 ETH (equivalent to $7.82 million) from Binance half an hour ago.

Project Updates

LayerZero: expected to issue protocol tokens in the first half of 2024

Regulatory News

Key progress made in negotiations between the applicant of spot Bitcoin ETF and the US SEC

On December 7th, according to sources cited by Reuters, discussions between the SEC and asset management companies applying for a Bitcoin ETF have delved into key technical details, indicating that the agency may soon approve these products. This includes regulatory arrangements, purchase and redemption mechanisms. The sources said that because the discussions were conducted privately, anonymity was requested. A spokesperson said that BlackRock did not respond to requests for comment, while CSOP declined to comment and Grayscale said it continues to have constructive contact with the SEC.

The UK FCA has listed Poloniex on its warning list for potentially promoting financial services without permission.

On December 7th, the Financial Conduct Authority (FCA) of the United Kingdom added the cryptocurrency trading platform Poloniex to its warning list, stating that Poloniex may be promoting financial services or products without permission. The FCA reminds users that if they interact with this company and have complaints, they will not be able to access the Financial Ombudsman Service, and they will not be protected by the Financial Services Compensation Scheme (FSCS) if any issues arise.

Welcome to join the official community of BlockBeats by Lu Dong.

Telegram subscription group: https://t.me/theblockbeats

Telegram communication group: https://t.me/theblockbeatsApp

Twitter official account: https://twitter.com/BlockBeatsAsia

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia