BlockBeats news, on December 30, according to official news, the Web3 AI project FLock.io published its FLOCK token economics model. It is reported that the total supply of FLOCK tokens is 1 billion, of which 66.7% of the tokens are allocated to the community and ecosystem to ensure long-term sustainability and incentivize contributions. As part of this commitment, FLock will allocate 50,000,000 tokens (5% of the total supply) to early users and the community of FLock. After the initial airdrop, the first mainnet model of FLock.io will be launched.

BlockBeats previously reported that the Web3 AI project FLock.io announced the completion of a $6 million seed funding round in March this year, led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures, and Volt Capital. Subsequently, it announced in September this year that it received a grant from the Ethereum Foundation's research fund for the 2024 academic funding round. A few days ago, it announced the completion of a $3 million strategic funding round, with DCG leading and Lightspeed Faction participating in another round.

Selected Highlights

1. a16z regulatory head: supports lawsuit against the IRS over 'DeFi broker' rules

2. Musk claims that the 26-year-old former OpenAI researcher 'does not appear to be a suicide', related meme coin surged over 280% temporarily

3. Bio Protocol co-founder: The BIO airdrop for URO and RIF holders may consider both time weight and position weight

4. Federal Reserve spokesperson: The Federal Reserve is trying to assess the new government's impact on the economy and inflation

5. Solana co-founder Stephen Akridge sued by ex-wife, accused of stealing 'millions of dollars' in SOL staking profits

According to BlockBeats news on December 30, data from Dune shows that the trading volume of the prediction market Polymarket has reached $1.7 billion in December so far, which is less than October ($2.28 billion) and November ($2.577 billion).

Additionally, the number of active trading users on Polymarket in December reached 309,228, setting a new historical high; the number of new accounts reached 231,556. Aside from the decrease in trading volume, the platform's open contract positions also declined, dropping from a peak of nearly $500 million ($474 million) to the current $117 million, a reduction of over 75%.

BlockBeats news, on December 30, according to HTX market data, GAL briefly exceeded $2.6, currently quoted at $2.55, with a 24-hour increase of 36%.

BlockBeats news, on December 30, according to TradingView data, as Ethereum strengthens and breaks through 3400 USD, the ETH/BTC exchange rate has risen by 1.5% in nearly an hour and a half, currently reported at 0.0364; Bitcoin market share (BTC.D) has dropped by 0.5%, currently reported at 57.7%.

BlockBeats news, on December 30, according to GMGN data, the Base ecosystem AI meme coin LUNA briefly surpassed $0.14, currently priced at $0.1363, with a 24-hour increase of 45.3%, and a market capitalization currently reported at $136 million.

BlockBeats news, on December 30, according to HTX market data, Ethereum broke through 3400 USD, currently quoted at 3401 USD, with a 24-hour increase of 0.45%.

According to BlockBeats, on December 30, a16z's head of regulatory affairs, Michele Korver, stated on social media that a16z Crypto believes DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, yesterday the U.S. Treasury released new broker reporting rules that pose a direct threat to this commitment and undermine the future of DeFi innovation in the United States.

a16z Crypto supports the lawsuit filed by the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council, arguing that the IRS and Treasury have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and are unconstitutional. DeFi builders should have confidence that industry lawyers are working to protect this technology. We will continue to fight on all fronts, in the courts, in Congress, and with the help of the new administration.

BlockBeats news, on December 30, according to Token Unlocks data, tokens such as OP, SUI, and ZETA will experience significant unlocks this week, among which:

· Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM Beijing time on December 31, accounting for 2.32% of the current circulation, valued at approximately 57.04 million USD;

· Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 AM Beijing time on January 1, 2025, accounting for 2.19% of the current circulation, valued at approximately 263 million USD;

· ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 8:00 AM Beijing time on January 1, 2025, accounting for 9.35% of the current circulation, valued at approximately 31.18 million USD;

BlockBeats news, on December 30, according to Onchain Lens monitoring, a certain whale address received 5 billion FLOKI worth 1.18 million dollars 35 days ago, and exchanged it for 253 ETH worth 856,000 dollars 5 hours ago, resulting in a loss of approximately 326,000 dollars.

BlockBeats news, on December 30, according to Moonshot Listings monitoring, Moonshot has launched neur.sh (NEUR).

According to GMGN data, the market capitalization of NEUR is currently reported at 34.3 million USD, with a 24-hour increase of 65.08%.

BlockBeats News, December 30, according to Coinglass data, as Bitcoin dropped to $93,009 this morning, the current funding rates for mainstream CEX and DEX indicate a generally bearish market. The specific funding rates for mainstream cryptocurrencies are shown in the figure below.

BlockBeats Note: When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it represents a generally bearish market.

BlockBeats news, on December 30, according to HTX market data, Bitcoin briefly dropped to $93,009 this morning, currently quoted at $93,676, with a 24-hour decline of 1.8%.

BlockBeats news, on December 30, according to HTX market information, Bitcoin has fallen below $94,000, currently priced at $93,919, with a 24-hour decrease of 0.62%.

According to BlockBeats news, on December 29, a16z Crypto's regulatory head Michele Korver posted on X platform stating: 'a16z Crypto believes that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, yesterday the U.S. Department of the Treasury issued new broker reporting rules that pose a direct threat to this commitment and undermine the future of DeFi innovation in the U.S.'

a16z Crypto supports the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council in their lawsuit against the IRS and the Department of the Treasury for exceeding their statutory authority, violating the Administrative Procedure Act (APA), and being unconstitutional. DeFi builders should have confidence that industry lawyers are working to protect this technology. We will continue to fight on all fronts - in the courts, in Congress, and with the help of the new administration.

According to BlockBeats, on December 29, IntoTheBlock disclosed the percentage trend of long-term holders of Bitcoin and Ethereum in the past year on the X platform. The data showed that the proportion of long-term Bitcoin holders has declined, while the proportion of long-term Ethereum holders has continued to rise and exceeded Bitcoin at the beginning of the year.

According to the current data of this indicator, the proportion of long-term holders of Bitcoin is 62.31%, and the proportion of long-term holders of Ethereum is 75.06%.

BlockBeats news, on December 29, Gavin Wood stated in his 2024 annual summary that Polkadot has entered a watershed period, shifting its core goal from achieving the product objectives outlined in the white paper to optimizing and enhancing stability to better meet market demands.

On the technical side, Polkadot made several significant advancements in 2024, with projects like Mythical Game pushing toward extreme performance. Meanwhile, Gavin proposed the Proof-of-Personhood mechanism, aimed at addressing the threats posed by generative AI to the free world, and plans to provide a trustworthy identity solution by integrating ZK technology, with an expected launch in 2025.

According to BlockBeats, on December 29, MicroStrategy founder Michael Saylor released Bitcoin Tracker-related information for the eighth consecutive week. However, this time is different from previous occasions as he stated: 'The blue line on the website is disturbing.' (Note: After each BTC purchase by MicroStrategy, a green dot would be marked on the corresponding date on the website, while the BTC price trend line is represented in blue.)

According to previous patterns, MicroStrategy has always increased its Bitcoin holdings the day after relevant news is released.

BlockBeats news, December 29, in an interview, Joe Doll, the General Counsel of the NFT market Magic Eden, stated that the recently appointed 'King of AI and Cryptocurrency' David Sacks has only 2 years before the 2026 U.S. midterm elections to promote pro-cryptocurrency policies.

Doll believes that the threat of a government deadlock could stifle regulation, and the current administration must push for pro-cryptocurrency policies while still controlling both houses of Congress. 'The majority in the House is very slim and could likely flip, as it almost always does. So you might encounter a divided government, which will solidify things in two years. So we have 24 months to push for something significant.' (Cointelegraph)

BlockBeats news, December 29, Tether CEO Paolo Ardoino retweeted a post by weRate co-founder and JAN3 CEO on the X platform, mentioning that there is currently a lot of 'FUD information' about USDT in the market, but the reality is that USDT will not be deemed illegal in Europe on December 30, 2024. The MiCA rules need to be followed, but stablecoin service providers have a transition period of 6-18 months, and some exchanges are waiting for clear information.