LianGuai Daily | Google launches multi-modal AI model Gemini; Coinbase and Binance to list Jito (JTO)

In the Latest LianGuai Daily Google Unveils Revolutionary Multi-Modal AI Model Gemini; Jito (JTO) to be Listed on Coinbase and Binance

Today’s Headlines:

US Seattle District Judge Accepts Zhao Changpeng’s Guilty Plea

Crypto Exchange Bitzlato Co-founder Admits to $700 Million Money Laundering

Google Announces Launch of Artificial Intelligence Model Gemini

• Circle Cross-chain Transfer Protocol (CCTP) Lands on Cosmos Ecosystem, the Market Defense Battle of USDC
• Bitcoin Mid-term Plot Speculation Bull Market Cycle Established, Pullback is an Opportunity
• Luke sparks a heated debate about the Bitcoin engraving, how does the overseas community view it?

a16z Shares Crypto Industry Trends to Watch in 2024, Including the Combination of Artificial Intelligence and Blockchain

Coinbase and Binance to List Jito (JTO)

Robinhood Launches Commission-Free Cryptocurrency Trading App in Europe

Safe Wallet Launches Crypto Recovery Service “Safe RecoveryHub”

Web3 Streaming Protocol Sona Completes $6.9 Million Seed Funding, with Haun Ventures Participating

Regulatory News

US Seattle District Judge Accepts Zhao Changpeng’s Guilty Plea

According to The Block, Judge Richard Jones of the US District Court for the Western District of Washington in Seattle accepted a guilty plea from former Binance CEO Zhao Changpeng on Wednesday, but has not yet decided if he can leave the US before the sentencing date in February next year. Zhao Changpeng admitted last month to violating anti-money laundering and sanctions regulations. Binance agreed to pay $4.3 billion, which is one of the largest corporate settlements in history. Zhao Changpeng agreed to pay a $50 million fine and stepped down as CEO of Binance.

Crypto Exchange Bitzlato Co-founder Admits to $700 Million Money Laundering

According to a statement from the US Eastern District of New York Attorney’s Office, Bitzlato co-founder Anatoly Legkodymov pleaded guilty to charges of $700 million money laundering on Wednesday in Brooklyn federal court. Legkodymov was arrested in Miami in January this year and charged with moving illicit funds. The indictment stated that Bitzlato was the largest trading partner of the now-defunct Hydra dark web marketplace, where users transferred approximately $700 million worth of cryptocurrencies through Bitzlato. Meanwhile, Bitzlato also made over $15 million in profits from ransomware. Legkodymov and his team were aware that the exchange was being used by criminals. As part of the plea agreement, Legkodymov agreed to dissolve Bitzlato and relinquish any claims to about $23 million worth of assets seized from Bitzlato. According to one of Bitzlato’s co-founders, apart from Legkodymov, former CEO Mikhail Lunev, Marketing Director Alexander Goncharenko, contractor LianGuaivel Lerner, and an undisclosed development and operations engineer were also arrested in several European countries.

Insider: Bitcoin Spot ETF Issuers in Key Negotiation Details with US SEC

According to Reuters, insiders reported that negotiations between Bitcoin spot ETF (Exchange Traded Fund) issuers and the US Securities and Exchange Commission (SEC) have entered a crucial detail stage. This indicates that the SEC may soon approve these products. Currently, 13 companies, including Grayscale Investments and BlackRock, have submitted ETF applications to the SEC, aiming to track the price of Bitcoin. If these ETFs are approved, they will provide investors with new avenues to invest in Bitcoin. The SEC has always been concerned about Bitcoin’s susceptibility to manipulation, but recent discussions suggest that the SEC may approve some applications. Currently, the SEC has started substantial discussions with issuers on important details.

NFT&AI

Sotheby’s Announces First Auction of Artworks Based on Bitcoin Ordinals

According to Blockworks, Sotheby’s Digital Art Department announced that it will auction works from the Bitcoin Ordinals project BitcoinShrooms, designed by anonymous artist Shroomtoshi. The auction will take place from December 6th to 13th (Eastern Time, USA), and there are currently three works available for bidding. The series includes two mushroom entities and a pixelated avocado seed named BIP39 – which is a common standard for generating a seed phrase. The estimated sale price for these three works is expected to be around $20,000 to $30,000, but the auction house also accepts cryptocurrency bids. Michael Bouhanna, Director of Sotheby’s Digital Art, announced that this art auction will mark Sotheby’s first sale of Ordinals artworks.

The BitcoinShrooms series was originally minted on the blockchain on October 22nd, and its official website and X account both claim it to be the “first-ever Ordinals series”. The series consists of over 200 pieces, paying tribute to the history of Bitcoin. The BitcoinShrooms account on X has approximately 13,000 followers.

Google Announces Launch of Artificial Intelligence Model Gemini

According to the official blog, Google has announced the launch of its largest and most powerful artificial intelligence model, Gemini 1.0. Gemini is multimodal and can summarize, understand, manipulate, and combine different types of information such as text, images, audio, video, and code. Gemini will include three different versions: Gemini Ultra, Gemini Pro, and Gemini Nano. The initial version of Gemini is already available in Bard, and the developer version will be available through Google Cloud’s API on December 13th. Gemini Ultra will debut in Bard in early next year, offering a new experience called Bard Advanced. Gemini Ultra’s performance surpasses state-of-the-art results in 30 out of 32 widely used academic benchmarks in large language model (LLM) research.

Google also announced the launch of the most powerful, efficient, and scalable TPU system to date, Cloud TPU v5p, designed specifically for training cutting-edge AI models. This next-generation TPU will accelerate the development of Gemini, helping developers and enterprise customers to train large-scale generative AI models faster and deliver new products and capabilities to customers more quickly.

Project Updates

a16z Shares Crypto Industry Trends Worth Paying Attention to in 2024, Including the Combination of Artificial Intelligence and Blockchain

a16z crypto tweeted about the crypto industry trends worth paying attention to in 2024, including entering a new era of decentralization; resetting the future of user experience; the rise of modular tech stacks; the combination of artificial intelligence and blockchain; the transformation of Play to Earn (P2E) into Play and Earn (P+E); the assurance cryptocurrency provides when artificial intelligence becomes game creators; the simplification of formal verification; the ubiquity of NFTs as brand assets, and the mainstream adoption of SNARK (Short Non-interactive Argument of Knowledge).

Coinbase to List Jito (JTO); Binance to List Jito (JTO)

Coinbase Assets tweeted that Coinbase will be adding support for Jito (JTO) on the Solana network (SPL token) and labeling the asset as “experimental”. Please do not send this asset through other networks as it may result in the loss of funds. Trading will begin on December 8th, 0:00 Beijing time, provided there is sufficient liquidity. Once the asset supply is adequate, the JTO-USD trading pair will be phased in for trading.

Binance will list Jito (JTO) on December 7th, 2023, 24:00 (Beijing time) and open trading for JTO/USDT, JTO/FDUSD, and JTO/TRY spot trading pairs. Withdrawals will be available starting from December 8th, 2023, 24:00. In addition, Binance will add JTO as a new borrowable asset on cross-margin within 48 hours starting from December 7th, 2023, 24:00.

JTO Airdrop Claim Window Opens on December 8th

Jito Labs, the MEV infrastructure developer in the Solana ecosystem, tweeted that the JTO airdrop claim window will open at 0:00 Beijing time on December 8th (token generation date). Any eligible airdrop recipient can claim JTO tokens within 18 months from the token generation date. It is worth noting that the total supply of JTO tokens is 1 billion, with 10% being airdropped to Jito community members. Among the airdrop allocation, 15% will be distributed to Jito-Solana validators, 5% to Jito MEV searchers (must have accumulated at least 1 SOL between epochs 366 and 536), and 80% to JitoSOL users (who have held a minimum of 100 points before November 25th, 2023, estimated to be 9,852 unique addresses). The snapshot period is from January 1st, 2023, to November 25th, 2023.

Worldcoin Foundation launches $5 million community funding program called “Wave0”

The Worldcoin Foundation has announced the launch of a $5 million community funding program called “Wave0,” aimed at supporting developers in building more scalable technology and fairer systems. The program will provide a total of $5 million in funding in the form of WLD tokens through three funding channels. These grants will be used to support research and development work, particularly in the field of combining privacy and biometric technologies. Community grants can reach up to $5,000, project grants can reach up to $25,000, and for the most ambitious projects, grants with unlimited membership will be provided. Remco Bloemen, the head of Worldcoin blockchain, mentioned that one of the most notable projects in the grant program is to become the second Orb manufacturer and launch a full factory.

Ethereum Foundation publishes list of 35 recipients selected for running node funding

According to the official blog of the Ethereum Foundation, out of 243 applications received for the “Run a Node Grants Round” program, the foundation has selected 35 recipients from 23 different countries to run nodes. Specifically: ETHKL; SDSU Distributed System Security Lab; FranklinDAO/Penn Blockchain; Web3Bridge; Argentina ChamLianGuaignat University; SLianGuaighettETH; Stanford University, Massachusetts Institute of Technology; Costa Rica CENFOTEC University Foundation; Ponkila Oy; India Cochin University of Science and Technology; Purdue University in the United States; Cryptoversidad; Miga Labs; 101.CY; SeedLatam; Delhi Indraprastha Institute of Information Technology; ETHKipu; Vanderbilt Blockchain; Munich University Blockchain Club; Ethereum Guatemala; Princeton Blockchain Club; Oregon Blockchain Group; ITU Blockchain; Dublin University College; and several individual operators.

The “Run a Node Grants Round” aims to encourage different users exploring blockchain, learning, community efforts, and research purposes. The goal of this program is to encourage diverse ideas for running nodes, not limited to running validators but also including promoting research data queries, examining node performance under harsh conditions, or enhancing the node user experience. Eligibility requirements include having a fast and stable internet connection, demonstrating technical capabilities with nodes and clients, and being willing and able to run the node for at least 2 years. Priority in evaluation is given to unique proposals from geographically diverse regions, as well as student blockchain clubs and academic institutions.

Upbit to launch AXL on BTC market

According to an official announcement, the South Korean cryptocurrency exchange Upbit has announced that it will launch AXL on the BTC market, with trading expected to start today at 17:00. Deposits will be open within 3 hours after the announcement. It is reported that AXL is a token released by Axelar, the cross-chain interoperability protocol of Cosmos.

Later, news broke that AXL token price breaks 1 dollar in a short time with over 50% increase.

Robinhood launches commission-free cryptocurrency trading app in Europe

According to Bloomberg, Robinhood Markets Inc. is launching its stock brokerage service in the UK and making its first international debut a week later by introducing commission-free cryptocurrency trading in the European Union. Johann Kerbrat, General Manager of Robinhood Crypto, said in an interview that the app will go live on Thursday and will allow European investors to buy and sell over 25 cryptocurrencies, including BTC, ETH, and SOL. The company will offer a loyalty program similar to cashback, where a certain percentage of each user’s monthly trading volume will be credited in Bitcoin.

In addition, Kerbrat mentioned that Robinhood currently has no plans to offer cryptocurrency services to investors in the UK, citing a lack of regulatory clarity on digital assets in the country.

Binance’s new CEO: Illegal financial activities in fiat far exceed cryptocurrency

Richard Teng, the new CEO of Binance, posted on X platform saying, “We have seen bankers advocating for the closure of the cryptocurrency industry due to illegal activities. But let’s look at the facts. I really like the analysis by Dr. Andrzej Gwizdalski, who collected data from the United Nations, the World Economic Forum, and cryptographic analysis. As Dr. Gwizdalski says, ‘Perspective is crucial when dealing with illegal financial activities. Traditional fiat currencies like the US dollar involve approximately 32 trillion dollars of illegal activities annually, which is more than 100 times the 20 billion dollars associated with cryptocurrency. Shouldn’t we reconsider this statement?'”

FTX’s revised restructuring plan to be submitted to bankruptcy court in mid-December with further details

The Official Committee of Unsecured Creditors of FTX disclosed a response letter addressed to the FTX 2.0 Customer Special Committee on December 4. The Official Committee believes that the substantial terms of the proposed restructuring plan strike an appropriate balance between the competing interests of stakeholders and serve the best interests of all unsecured creditors. The revised restructuring plan and disclosure statement will be submitted to the bankruptcy court in mid-December, providing further details. The Official Committee will continue to evaluate reasonable alternative proposals to further improve the proposed plan terms. Processes related to potential acquisitions, capital reorganization, or other transactions are ongoing. At the appropriate time, any such transactions will be presented to the court for approval in a motion to sell that describes the proposed transaction. The letter also states that while the Official Committee is currently bound by confidentiality obligations and unable to disclose specifics, many of the concepts mentioned in the letter, including those related to equity tokens involving debt recovery, have been considered by the Official Committee and potential transaction parties. The Official Committee welcomes the opportunity to continue engaging with the FTX 2.0 Customer Special Committee in the coming months as we all work toward the completion of these bankruptcy cases.

In addition, according to the information on the epiq platform regarding this case, the next hearing for the FTX bankruptcy case is scheduled for December 13th. It is reported that the Official Committee of Unsecured Creditors of FTX was proposed by the U.S. trustee on December 15th, 2022, to represent general unsecured creditors in the Chapter 11 case of FTX Trading Ltd.

Safe Wallet and Sygnum Bank, Coincover collaborate to launch encrypted recovery service “Safe RecoveryHub”

According to The Block, the on-chain custody protocol Safe (formerly Gnosis Safe) has partnered with the digital asset bank group Sygnum and the regulatory-approved recovery service provider Coincover to offer users an optional cryptocurrency recovery service. This service is called “Safe RecoveryHub” and offers a range of options from self-custody to custodial and social recovery. RecoveryHub users will be able to recover access to their crypto assets through designated “recoverers,” which can include personal backup devices, family members, friends, or other social recovery collaborators. Safe states that starting today, all Safe Wallet users can use the recovery service, and partner solutions will be launched in the first half of 2024.

It is worth noting that hardware wallet provider Ledger also collaborated with Coincover earlier this year to launch a similar recovery solution utilizing advanced encryption technology and multi-party computation.

Accumulus submits application for virtual asset exchange license to the Hong Kong Securities and Futures Commission

The official website of the Hong Kong Securities and Futures Commission updated the information on virtual asset exchange license applications today, which shows that “Cloud Account Greater Bay Area Technology (Hong Kong) Limited” formally submitted an application for a virtual asset exchange license to the Hong Kong Securities and Futures Commission on December 6th. The English name of the company is “Accumulus GBA Technology (Hongkong) Co., Limited,” and the virtual asset trading platform is named “Accumulus.”

So far, a total of 9 companies have formally submitted applications for virtual asset trading platform licenses to the Hong Kong Securities and Futures Commission, and one application from “AMMBR (HK) LIMITED” has been withdrawn.

Funding News

Web3 streaming protocol Sona completes $6.9 million seed funding round with participation from Haun Ventures

According to TechCrunch, Web3 streaming protocol Sona has completed a $6.9 million seed funding round with participation from Polychain Capital, Haun Ventures, and Rogue Capital. Additionally, Sona has announced the launch of its first product, Sona Stream, which is a free music streaming service without subscriptions or ads. It also includes a marketplace where artists can share music and auction SONA (the corresponding digital asset for songs).

It is explained that Sona provides artists with token-based streaming content, music auctions, governance rewards, and other services built on DeFi modules. The revenue from music auctions is distributed to artists and the platform in a certain ratio.

Mining News

Bitcoincryptoolanbochasisthaudittransactionargument

According to Cointelegraph, Bitcoin wallet provider Samourai Wallet accuses Bitcoin mining pool Ocean of auditing Whirlpool CoinJoin transactions and BIP47 notification transactions from December 6th and accuses Bitcoin core developer and Ocean founder Luke Dashjr of reviewing transactions and setting blacklists for past transactions, hinting that he has been doing this for a long time. In addition, it also accuses Dashjr of imposing a 46-byte limit on the OP_RETURN function instead of 80 bytes, which came into effect in Bitcoin Core version 0.12.

However, Dashjr denies this claim and asks the Bitcoin wallet provider to fix the error in their software, stating “This is an error in your software, not an intentional policy of ours.” In addition, he seems uncertain about the concerns raised by the wallet provider and asks, “What are these data for? I tried to address this issue, but couldn’t find any technical details.” Dashjr takes no responsibility and asks Samourai Wallet to “solve it themselves.”

This conversation has divided the crypto community. While some support the wallet provider’s argument of “80 bytes should be 80 bytes,” others suggest that they fix the error. A community member, a former ASIC and iOS developer, believes that the implementation of the new policy is “unintentional.” Samourai Wallet continues to accuse Dashjr of lying and deceiving community members, shifting the blame onto themselves, and asking the community to “not let them get away with it.”

Important Data

Report:Cryptostockshortsellershavelostover2.6billioninlastthreemonths

According to Decrypt, the latest report from financial data company S3 LianGuairtners shows that since Bitcoin reached a three-month low of $25,152 on September 11, its price has surged by 75% to its current $43,924, resulting in over $2.6 billion in losses for short-term crypto stock traders in less than three months. Cryptostocks, represented by Coinbase and MicroStrategy, have followed the rise of Bitcoin, catching short sellers off guard.

With the strong rebound in the price of Bitcoin, Coinbase’s stock price has risen by 51% in the past month, reaching $143.63; MicroStrategy, which holds around $6.6 billion worth of Bitcoin, has risen by 82% since October, to $568.88. These huge stock price fluctuations have resulted in short sellers of crypto stocks losing $2.656 billion in the last three months, with over 50% of the losses coming from shorting Coinbase stock and another 25% from shorting MicroStrategy stock.

An early miner recently sold 1000BTC for only $100

According to CoinDesk, blockchain data company CryptoQuant reported in a Thursday report that over 1,000 bitcoins from early miners were transferred to off-exchange trading and custody services on December 4th. These tokens were previously transferred during the period of August to November in 2010, and were mined through block rewards, with an estimated total cost of $100.

The address starting with 35BRV3 received 999.99 bitcoins in one transaction and shortly after receiving them, sent them to multiple addresses. The transferred bitcoins were ultimately consolidated into an address starting with 1CzBL1, which currently holds a balance of 1,028 bitcoins. Based on current prices, the market value of these bitcoins is $40 million. Analysts at CryptoQuant estimate that this early miner has likely sold 1,000 bitcoins and sent them to off-exchange trading or custody services.

Two tokens related to the “Doge-1” satellite soar prior to SLianGuaiceX launch

According to CoinDesk, the DOGE-1 satellite developed by space technology company Geometric Energy Corporation is scheduled to be launched on January 12th using SLianGuaiceX’s rocket at the Kennedy Space Center in the United States.

The token GEC issued by the company has more than doubled in the past week. Another token, XI, reportedly used for payment of advertising fees displayed on the satellite, has risen by 36%. On-chain data shows that their combined market value has just exceeded $30 million, with over 6,000 individual holders.

LianGuaiNews APP Points Mall officially launched

Hardcore prizes for free redemption: imKeyPro hardware wallet, first-class research report monthly card, Ballet REAL series wallet, AICoin membership, various peripherals, and hundreds of selected research report collections. First come, first served, Experience now!

We will continue to update Blocking; if you have any questions or suggestions, please contact us!