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Airdrop

An Airdrop is a distribution of free tokens to a community, typically used as a marketing tool or a reward for early protocol adopters and testers. In 2026, the "points-to-airdrop" model has matured into merit-based incentive programs that utilize Sybil-resistance and Proof-of-Humanity to filter out bots. Airdrops remain a primary method for decentralized governance (DAO) bootstrapping. Follow this tag for the latest on retroactive rewards, eligibility criteria, and how to participate in the most anticipated token distributions in the ecosystem.

5486 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Morning Ville: the new NFT collection on Soneium with high gain potential

Morning Ville: the new NFT collection on Soneium with high gain potential

Morning Ville is emerging as one of the most intriguing NFT initiatives within the Soneium ecosystem.

Author: The Cryptonomist

2025/12/08

What can save you, my crypto world?

What can save you, my crypto world?

Author: Nancy, PANews “I wasted eight years of my life in the crypto industry.” Aevo co-founder Ken Chan published an article denouncing the crypto industry as having degenerated into a "super casino," a post that quickly went viral in online communities both domestically and internationally. Behind the millions of views, the community debate exploded. Supporters saw it as a wake-up call, bursting the bubble, while opponents viewed it as a betrayal by those who had already benefited. Putting aside the emotional outbursts, this debate reflects the collective anxiety and cyclical confusion within the industry currently facing liquidity shortages and a narrative vacuum. Turned into a super casino? What's wrong with the crypto ecosystem? In this lengthy article, Ken Chan candidly admits that the past eight years have been a journey from idealism to disillusionment. As a libertarian and programmer deeply influenced by the works of Ayn Rand, he was a staunch believer in the cypherpunk spirit, viewing Bitcoin as "a private bank for the rich." However, after eight years of full-time dedication to the industry, he painfully admitted that even though he had made money, he still felt that those eight years of his youth had been completely wasted. The narrative most often uttered by industry practitioners is "completely replacing the existing financial system with blockchain," but this is merely a propaganda slogan; they are simply maintaining the world's largest online casino, operating 24/7. This misperception stems from a drastically distorted industry incentive mechanism. In reality, no one cares about genuine technological iteration. Market participants are blindly pouring funds into the next Layer 1 public chain, attempting to bet on the next Solana. This speculative mentality has fueled an inflated market capitalization of hundreds of billions of dollars. In fact, there are quite a few zombie public blockchains nowadays. Even emerging high-performance blockchains that have raised tens or even hundreds of millions of dollars are not immune to the airdrop craze and incentive subsidy activities, leaving very few real users. This is like building countless highways in a desert, but there are no cities or factories along the way, only a group of speculators reselling land. The data also confirms this predicament. According to DeFiLlama, in the past 24 hours, only 15 chains had on-chain DEX transaction volumes exceeding 10 million, and only 4 chains met the requirement of having millions of daily active addresses. On this "ghost town" of over-saturated infrastructure, Ken argues that spot DEXs, perpetual contracts, prediction markets, and the Meme coin platform are essentially gambling tools. For example, the former Meme culture has been replaced by an industrialized "coin issuance pipeline," becoming an on-chain casino of extreme PvP; and the frequent interactions across many applications are not driven by genuine needs, but rather by the pursuit of points for airdrops. As Ken points out, while VCs can write 5,000-word essays outlining grand visions, the reality is that these games are constantly consuming the existing funds of retail and institutional investors. What makes Ken Chan even more uncomfortable is the industry's subversion of common business sense. Here, making money through token issuance, market making, and profit-taking is far easier than refining a product. The market is flooded with tokens that have "high FDV and low liquidity," projects with no real revenue yet boasting valuations of billions of dollars, and so-called governance tokens that are nothing more than liquidity tools for investors to exit. This environment where bad money drives out good not only deprives practitioners of the ability to identify sustainable businesses but also instills a highly toxic "financial nihilism" in the younger generation. With traditional assets becoming increasingly unaffordable, Generation Z is exhibiting its own form of "financial rebellion." According to a recent Financial Times article, the deteriorating housing affordability in the United States is profoundly changing Generation Z's financial and consumption behaviors, even driving some young people to speculate in cryptocurrencies and generating feelings of economic nihilism. Besides cryptocurrencies, trendy stocks, collectible toys, leveraged ETFs, and prediction markets are all financial trends among young people. Ken Chan's accusations resonated with many. For example, Tangent founder Jason Choi lamented that we already have countless low-cost/fast blockchains, lax regulatory systems, massive overfunding since 2017, and thousands of developers delivering smart contracts over the past decade. Yet, an AI company is about to IPO at a price exceeding the total market capitalization of all cryptocurrencies except Bitcoin and stablecoins. Inversion Capital founder Santiago Roel Santos points out that this is a sobering reminder of reality for the entire industry. Today, the crypto industry has only about 40 million monthly active users (MAU), while Facebook had 845 million MAU at its IPO and a market capitalization of approximately $100 billion; OpenAI currently has about 800 million MAU and its most recent valuation was $500 billion. To have a $10 trillion asset class, we need at least a billion users. Crypto KOL YQ cited an older article stating that many crypto OGs have chosen to leave the market after questioning their initial beliefs. In the current cycle, highly speculative projects like memes, perpetual tokens, and prediction markets remain resilient, while the value of many infrastructure and social projects is increasingly difficult to prove. This is undoubtedly the most difficult phase for startups, VCs, traders, and users, and the market is rife with "pump and dump" schemes using leveraged perpetual tokens to manipulate small-cap or older coins. In this environment, it's crucial to acknowledge the facts and accept reality. Whether you're a VC or an entrepreneur, the only way to survive is to continuously adjust your direction and consistently deliver products. Navigating the cycles of crypto sentiment, "the forest needs to be cleared of dead trees." Many industry professionals believe that Ken Chan's negative emotions are essentially a typical "retreat the ladder after getting ashore" mentality. As a beneficiary of the existing system, he made his fortune in the crypto market, yet he turned around and criticized this ladder to wealth as dirty. At the same time, his aversion to financial nihilism ignored the fact that for countless ordinary people around the world, this bubble-filled market remains one of the few channels for upward social mobility. Moreover, AEVO's price has already fallen by more than 98% from its all-time high. Regarding the current predicament of the crypto market, Ken believes the industry is merely spinning its wheels, but many proponents see it as a necessary growing pain in technological development. We cannot negate the entire financial city that is rising from the ground just because we see people losing money in a casino. If we turn our attention to high-inflation countries like Argentina, Turkey, and Nigeria, we find that stablecoins such as USDT and USDC have become de facto "hard currency." Local people rely on them to protect their meager savings from hyperinflation, and this financial system has effectively served tens of millions of people. Meanwhile, Bitcoin is no longer just a geek's toy; it's becoming part of the balance sheets of sovereign wealth funds, national government reserves (such as in El Salvador and Bhutan), and top hedge funds. Ethereum's technical components have been established as a global public blockchain standard and have gained recognition from Wall Street capital. Furthermore, with assets such as stocks, bonds, and real estate rapidly being put on-chain, financial efficiency is experiencing a substantial leap. On the technological front, countless developers are making breakthroughs in cutting-edge fields such as zero-knowledge proofs (ZK), censorship-resistant networks, and quantum resistance. These are the real undercurrents behind the noisy crypto market. Regarding the "casino analogy," Haseeb, a partner at Dragonlfy, points out that the cryptocurrency space has never lacked casinos. The first blockbuster application on Bitcoin was Satoshi Dice (2012). The first blockbuster smart contract on Ethereum was King of the Ether Throne (2015), which was essentially a Ponzi scheme. Once programmable money exists, people's first instinct is always to bet and play games—this is human nature. The crypto world has always had its hottest casinos: ICO casinos, DeFi, NFTs, and now MEME coins. The forms change, but the essence remains the same. While casinos are glamorous and attract attention on social media, focusing solely on their superficiality will cause you to miss the more important stories. He further points out that cryptocurrencies are becoming a superior financial vehicle, reshaping the nature of money and subtly altering the power relationship between individuals and governments. Bitcoin has begun to challenge national sovereignty, with governments incorporating it into their balance sheets; stablecoins are influencing monetary policy, prompting central banks to scramble to respond; and the scale and value of permissionless financial protocols like Uniswap and AAVE have surpassed many unicorn fintech companies. The world is undergoing a profound shift around cryptocurrencies. “This transformation is slower than many anticipated, but that’s how technology diffusion always is,” Haseeb stated. Three years after ChatGPT’s launch, generative AI still hasn’t been reflected in GDP or employment data; the Industrial Revolution took 50 years to truly impact productivity; and the widespread adoption of the internet took over 20 years. Expecting it to replace the world’s most regulated financial system within a mere five years is unrealistic. If you’re frustrated because you didn’t become rich from participating in a MEME project, take a deep breath; the industry doesn’t owe anyone wealth. In fact, pessimism and a sense of “mental surrender” on the timeline aren’t necessarily bad things. Pantera Capital partner Mason Nystrom also believes that a pessimistic view of cryptocurrencies and their social value is wrong. While speculation and abuse exist in the cryptocurrency space, and its casinos are real and large-scale, with many people losing money at the tables, it also contains a great deal of overlooked positive social value. He explained that Bitcoin has become a global, non-sovereign asset that anyone in the world with an internet connection can hold. It provides a veto/exit mechanism for people worldwide, transferring economic control from nations to individuals. Stablecoins offer more efficient and secure financial services to people around the world, with faster disbursement, higher returns, and lower costs. The lack of returns from banks for depositors, high fees for cross-border remittances, and the 2.9% transaction fee for e-commerce are all being reshaped by stablecoins, bringing tangible social value. Lending platforms like Aave and Morpho enable people worldwide to access over-collateralized loans. The low-collateral lending market will further unleash enormous social benefits, reduce capital costs, and create significant positive externalities. Furthermore, blockchain will enable global users to access previously restricted financial products such as stocks, bonds, insurance, and credit. Permissionless financing allows any good idea to gain support based on its own value. A more transparent, efficient, and low-cost market is itself an improvement for society. Mason Nystrom also stated that cryptocurrencies are building a completely new financial system. Some will build casinos, some will build payment networks, some will build speculative instruments, and others will build inclusive credit infrastructure. This new financial system will not be perfect, but it will far surpass the current state. If we only see the casino aspect of cryptocurrencies, perhaps we should take a step back and look at all the benefits that cryptocurrencies have brought to and will continue to bring to society from a more macro perspective. The crypto industry is currently experiencing a low point, and Ken's post is less a reflection and more an emotional outpouring after a failed startup. Projects like Aevo are not uncommon in their difficulties; this is precisely the survival of the fittest the industry is undergoing. In the past few years, the sector has seen an oversupply of projects lacking real value and unable to deliver viable products. The current pain is simply squeezing out the bubble that has accumulated. Just as forests need to be regularly cleared of dead trees to prevent decay from spreading, the same applies to the crypto industry. Let those who are weary, lost, or only here for speculation leave naturally, and the air will become clear. Either change your mindset and refocus on the future, or make way for those still building. This journey has just begun and is far from over.

Author: PANews

2025/12/08

Gate launched its 37th contract points airdrop, with a single account earning nearly $21.

Gate launched its 37th contract points airdrop, with a single account earning nearly $21.

PANews reported on December 8th that on-chain data shows the successful 37th Gate.com (GT) airdrop event. GT's 24-hour high was $10.43, with a current market capitalization of approximately $1.044 billion. Each airdrop account yielded nearly $21. It is understood that this airdrop is divided into two prize pools. Users holding ≥ 40 Gate Contract Points can receive a 100 USDT position trial voucher, which will consume 20 Gate Contract Points; users holding ≥ 120 Gate Contract Points can receive 2 GT, which will consume 15 Gate Contract Points. The 38th contract point airdrop, offering 160 PIPPIN and a 100 USDT position trial voucher per person, will begin on December 9th at 18:00 (UTC+8). Join now for a chance to claim rewards tomorrow.

Author: PANews

2025/12/08

Cardano’s Midnight Secures NIGHT Token Listing on Binance, ADA Soars 4%

Cardano’s Midnight Secures NIGHT Token Listing on Binance, ADA Soars 4%

The post Cardano’s Midnight Secures NIGHT Token Listing on Binance, ADA Soars 4% appeared on BitcoinEthereumNews.com. The world’s leading crypto exchange Binance announces support for Midnight network’s native token NIGHT. The Binance listing NIGHT token sparks speculation within the Cardano community, triggering ADA price to climb by 4% within hours on Monday. Binance Announces Support for Cardano’s Midnight, Securing NIGHT Token Listing Binance Alpha to list Cardano privacy chain Midnight’s NIGHT token, according to an announcement in an X post on December 8. The exchange added that eligible users can claim their airdrop using Binance Alpha points once trading opens on December 9. Binance will share more details about Midnight support soon. Midnight stated that the Binance listing will help introduce NIGHT to a larger audience and encourage more users to join the Midnight network. It will also expand NIGHT’s reach and speed up the adoption of privacy features across Web3. The Midnight zero-knowledge proof network is designed to provide enhanced privacy features for decentralized applications (dApps) on Cardano. This positions it as a competitor to other privacy chains such as Zcash and Monero. Notably, crypto exchange such as Bybit, HTX, Bitpanda and others have already announced NIGHT token listing. Cardano founder Charles Hoskinson reacted to recent announcements, sharing details on the upcoming launch of Midnight. You all ready for next week?https://t.co/DKhriaWM3O — Charles Hoskinson (@IOHK_Charles) December 8, 2025 ADA Price Jumps 4% as Crypto Community Reacts ADA price soared by more than 4% to $0.435 as traders responded immediately to Binance’s Midnight (NIGHT) token listing announcement. The 24-hour low and high were $0.407 and $0.437, respectively. Furthermore, trading volume has increased by 85% over the past 24 hours, indicating a massive rise in interest among traders. Recently, crypto analyst Ali Martinez highlighted buy signals for Cardano by Supertrend and TD Sequential. Cardano will pick up upside momentum after breaking above the 50-day moving average at…

Author: BitcoinEthereumNews

2025/12/08

Ethereum’s First ZK-Rollup ZKsync Lite to Shut Down in 2026

Ethereum’s First ZK-Rollup ZKsync Lite to Shut Down in 2026

ZKsync has announced plans to deprecate ZKsync Lite, Ethereum’s first zero-knowledge rollup, in 2026 as the protocol shifts its focus entirely toward

Author: CryptoNews

2025/12/08

Binance will launch its Alpha airdrop tonight at 21:00. Holders of ≥250 points are eligible to claim it.

Binance will launch its Alpha airdrop tonight at 21:00. Holders of ≥250 points are eligible to claim it.

PANews reported on December 8th that Binance's Chinese account announced an airdrop of the "Alpha" token starting at 21:00 (UTC+8) today. Users holding at least 250 Binance Alpha Points can apply on a first-come, first-served basis until the airdrop pool is depleted or the event ends. The specific token to be airdropped will be subject to further announcements through Binance's official channels.

Author: PANews

2025/12/08

PA Daily Report | XRP Spot ETF sees net inflows for four consecutive weeks; median share price of US and Canadian listed DAT companies has fallen 43% this year.

PA Daily Report | XRP Spot ETF sees net inflows for four consecutive weeks; median share price of US and Canadian listed DAT companies has fallen 43% this year.

Today's top news highlights: Banmu Xia: This week's Fed rate cut will normalize liquidity, and the market will see a broad-based rally this week and even this month. Analysis: Bitcoin has stabilized in the short term, but sentiment remains cautious ahead of the FOMC meeting. Farcaster announces strategic shift: from a social-first approach to wallet-driven growth. HumidiFi: New token public sale will begin on December 8th at 23:00. The XRP spot ETF saw net inflows of $231 million last week, marking the fourth consecutive week of net inflows. Metaplanet has not increased its Bitcoin holdings since September 30. Bloomberg: The median share price of DAT companies listed in the US and Canada has fallen 43% this year. Pop Mart shares closed down 8.49%, amid market concerns about slowing overseas sales. Macro Pop Mart shares closed down 8.49%, amid market concerns about slowing overseas sales. Pop Mart (09992.HK) shares continued their downward trend, closing down 8.49% at HK$200.4, after falling as low as HK$199 during the session, marking its biggest drop in six weeks. Market concerns intensified regarding its overseas sales performance, particularly the possibility that sales figures during the US "Black Friday" period might fall short of expectations. Data shows that since December 2nd, short selling of the company has surged from HK$241 million to HK$623 million, indicating a significant increase in bearish sentiment. Previously, Deutsche Bank warned that the Labubu series' premium in the secondary market had significantly declined due to a substantial increase in production capacity, and gave it a "hold" rating. Morgan Stanley predicted significant sales growth for the Labubu series in 2024, but the growth rate would slow down in 2025, and lowered its target price to HK$325. Despite Pop Mart's third-quarter revenue increasing by 245%-250% year-on-year, with overseas markets growing by 365%-370%, the stock price failed to stop falling. Analysts believe that the company's future growth momentum is questionable during its transition from "explosive growth" to "sustainable growth," which may limit the upside potential of the stock price. Argentina may allow banks to offer cryptocurrency trading services. PANews reported on December 8th, citing FinanceFeeds, that the Central Bank of Argentina (BCRA) is considering lifting the long-standing ban on traditional financial institutions offering cryptocurrency trading and custody services. This policy shift, moving from an explicit ban to regulated integration, is primarily driven by Argentina's unique economic environment and surging demand for digital assets. Current regulations prohibit banks from participating in crypto trading, aiming to reduce risk and curb the use by unregulated entities. However, the government of President Javier Milei, which supports market-oriented and crypto-friendly policies, is evaluating a new regulatory framework to allow banks to enter the market under strict rules. This move aims to bring the massive crypto trading activity into the formal banking system, thereby providing a safer, more compliant channel, enhancing investor protection, and strengthening KYC and anti-money laundering (AML) controls. Furthermore, this will allow the government to more effectively track and tax crypto assets while acknowledging their important role as an inflation hedge. The U.S. SEC's Cryptocurrency Working Group will hold a roundtable meeting on financial regulation and privacy on December 15. PANews reported on December 8th that, according to official sources, the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Working Group announced it will hold a public roundtable discussion on financial regulation and privacy at SEC headquarters on December 15th (local time) to delve into related policy issues. The meeting will be streamed live online. The BRICS nations launched "Unit," a digital currency backed by gold. PANews reported on December 8th, citing the Institute of Economic Strategy of the Russian Academy of Sciences (IRIAS), that the BRICS countries have launched a working prototype of a gold-backed trade currency called "Unit." This is a digital trading instrument backed by a reserve basket containing 40% physical gold and 60% BRICS currencies, with the Brazilian Real, Chinese Yuan, Indian Rupee, Russian Ruble, and South African Rand having equal weights. The pilot project was initiated by IRIAS, which issued 100 Units on October 31st, each initially pegged to 1 gram of gold. Opinion Analysts: Bitcoin bulls must hold the key Fibonacci support level to prevent the price from falling to $76,000. PANews reported on December 8th that, according to Cointelegraph, crypto analyst Daan Crypto Trades pointed out that Bitcoin is currently hovering near a key technical price level. This level, as a 0.382 Fibonacci retracement range, is a key support and resistance level in the market cycle. It must hold effectively to avoid significant losses. A break below this level could see Bitcoin's price fall to around $76,000, the low point in April. Testing this low would break the existing market structure in the long-term timeframe. On Sunday evening, the Bitcoin market experienced a sharp short-term liquidation, with both long and short leveraged positions being closed. The price briefly fell below $88,000 before quickly rebounding above $91,500. This is undoubtedly an example of a low-liquidity market being manipulated over the weekend to simultaneously clear long and short leveraged positions. Banmu Xia: This week's Fed rate cut will normalize liquidity, and the market will see a broad-based rally this week and even this month. PANews reported on December 8th that Chinese crypto analyst Banmuxia wrote, "This week's Fed rate cut and renewed balance sheet expansion will normalize tight liquidity, making this week a week of broad-based gains (US stocks, crypto, precious metals, etc.), and even the following month could be a month of broad-based gains." Banmuxia also cited his article published on November 11th, which stated, "Starting in December, the Fed will stop shrinking its balance sheet and may begin expanding it, at which point liquidity will return to normal, similar to October 2019. The real massive easing will have to wait until May next year, after Trump takes control of the Fed, similar to March 2020." Analysis: Bitcoin has stabilized in the short term, but sentiment remains cautious ahead of the FOMC meeting. PANews reported on December 8th that Matrixport's chart today indicates that with the FOMC meeting on December 10th approaching, market sentiment is highly focused on related policy signals. While Bitcoin prices have stabilized somewhat, it's difficult to consider this a new round of upward movement. Option pricing still implies approximately 5% downside, with funds still hedging against pullback risks. Given the general trend of deleveraging and position reduction at the end of the year, short-term rebounds are more likely to be used as a window for reducing positions rather than a new signal to add to them. Seasonally, market liquidity tends to be tight around Christmas, making it difficult to sustain upward trends. The current key level is roughly around $91,500. Statistically, the baseline scenario remains continued volatility convergence, and the possibility of a strong breakout immediately after the FOMC meeting is relatively limited. Grayscale: Bittensor's halving next week is expected to push up the price of TAO tokens. PANews reported on December 8th, citing The Block, that Grayscale Research analyst Will Ogden Moore stated, "Bitcoin's history shows that even with reduced rewards, decreasing supply can boost network value, as Bitcoin's network security and market value have been strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks a significant milestone in the network's maturation as it moves towards its 21 million token supply cap." Moore noted that Bittensor is currently experiencing strong adoption momentum, with institutional interest steadily increasing. Moore pointed out that the launch of dTAO in February was a major achievement for Bittensor. This mechanism allows direct investment in subnets, leading to a significant expansion of the total market capitalization of these subnets. Moore wrote, "We believe that the early success of certain subnet-based applications, the increase in institutional capital within the Bittensor ecosystem, and the upcoming TAO supply halving could all be positive catalysts driving price increases." Previously, it was reported that Bittensor will undergo its first halving on December 14th, at which time the daily issuance of TAO will decrease to 3,600 tokens. Project Updates Binance Alpha will list Midnight (NIGHT) on December 9th. PANews reported on December 8th that Binance Alpha will launch its Midnight (NIGHT) event on December 9th. Qualified users can claim an airdrop using their Binance Alpha points on the Alpha event page after trading opens. XMAQUINA has approved a proposal to conduct a $DEUS TGE, with 110 million DEUS to be used for the final pre-sale. PANews reported on December 8th that, according to official news from Web3 robotics company XMAQUINA, proposal XMQ-02 has been officially passed, receiving over 19 million votes in support, representing a support rate of over 96%. The proposal aims to allocate 128,067,280 DEUS (approximately 12.8% of the total supply) and $150,000 USDC to the DEUS Token Generation Event (TGE) for key initiatives such as community pre-sales, liquidity support, and ecosystem development. The main allocation plan includes: Community Pre-sale: Allocating 110 million DEUS (11% of the total supply) for the final round of the community pre-sale to raise funds to expand the DAO's equity investment in a leading humanoid robotics company. Liquidity and Ecosystem Growth: Allocating 18,067,280 DEUS (1.8% of the total supply) and $150,000 USDC for exchange listing fees, liquidity support, and DAO infrastructure development. Token Transferability: The transferability of DEUS tokens will be activated from January 1st to February 15th, 2026, paving the way for exchange listing and market access. Related Reading: When Robots Learn to Think, Earn Money, and Collaborate: Analyzing 15 Types of Robotics Technologies and Applications. Farcaster announces strategic shift: from a social-first approach to wallet-driven growth. PANews reported on December 8th that Farcaster co-founder Dan Romero announced on social media that the project focuses on creating a wallet to attract more users. After a four-and-a-half-year trial of a social-first strategy that failed, and with the wallet business consistently growing, they decided to increase investment in this area. This means new features and product positioning will be centered around the wallet. Romero emphasized, "We have transformed; the product now focuses on wallet users. And the most important function of our wallet is trading. That's the core. People are free to use the product without using the wallet. But we focus on the wallet/trading." HumidiFi: New token public sale will begin on December 8th at 23:00. PANews reported on December 8th that HumidiFi announced on its X platform that its new token public sale will begin at 10:00 AM Eastern Time the following day, which is 14 hours later. This translates to 11:00 PM Beijing Time on December 8th. Previously, HumidiFi stated that its initial public sale was hampered by bots buying up tokens, preventing ordinary users from participating. The public sale will be restarted next Monday with a proportional airdrop of new tokens to Wetlist and JUP staking users. Bittensor will undergo its first halving on December 14th, at which time the daily supply of TAO will decrease to 3600 tokens. PANews reported on December 8th that, according to Cointelegraph, the AI project Bittensor will undergo its first halving on December 14th, at which time the daily supply of TAO will decrease from 7,200 to 3,600. ZKsync plans to abandon its early network, ZKsync Lite, in 2026. PANews reported on December 8th that, according to The Block, ZKsync announced on Sunday that it plans to discontinue ZKsync Lite (formerly ZKsync 1.0), the original zero-knowledge rollup solution launched on Ethereum in 2020, sometime next year. In its announcement, ZKsync stated that this is a planned and orderly system phase-out, that the system has fulfilled its mission, and will not affect any other ZKsync systems. The team will release specific details, dates, and migration guidelines next year. According to L2BEAT data, although ZKsync Lite currently processes fewer than 200 operations per day, approximately $50 million in user funds remain on the network. ZKsync stated that the funds are safe, and withdrawals to L1 will continue to operate normally throughout the process. ZKsync emphasized that this discontinuation will not affect its other products. It is understood that Matter Labs, the company behind ZKsync, launched the fully functional zkEVM—ZKsync Era—in March 2023, a system capable of running arbitrary smart contracts, and has since ceased active development of ZKsync Lite. The team stated that their next focus will be on systems built on the ZK Stack, Prividiums, and the broader ZKsync network. Important data The "Iron Head Bull" whale opened three long positions in ETH/SUI/FARTCOIN within three hours, with a total open interest of $20.28 million. PANews reported on December 8th that, according to on-chain analyst @ai_9684xtpa, the person who "went long 36 times consecutively between November 3rd and November 26th" has returned to the bullish camp. Three hours ago, he opened three long positions in ETH/SUI/FARTCOIN, with a total position of $20.28 million and a floating profit of $188,000. Among them, the ETH position is worth $9.39 million (holding 3,000 tokens), with an opening price of $3,116.98. After 36 consecutive long positions, he recently started switching between long and short positions, and with this insider whale opening a position, he has returned to the bullish camp. The largest short position in BTC on Hyperliquid currently has a floating profit of approximately $17 million, having reduced its position by about 20 BTC in 26 minutes. PANews reported on December 8th that, according to Hyperbot data, the largest short position in BTC held by a Hyperliquid address with 20x leverage reduced its short position by approximately 20 BTC 26 minutes ago. Currently, its short BTC position stands at 840.7 BTC, valued at approximately $76.76 million, with an average opening price of $111,499.3. The current unrealized profit is approximately $17 million. This whale's total contract account value is currently approximately $10.1 million, with a total profit/loss of +$16.21 million over the past month. The XRP spot ETF saw net inflows of $231 million last week, marking the fourth consecutive week of net inflows. PANews reported on December 8th that, according to SoSoValue data, XRP spot ETFs saw a net inflow of $231 million last week (December 1st to December 5th, Eastern Time). The XRP spot ETF with the largest net inflow last week was Grayscale XRP ETF (GXRP), with a weekly net inflow of $140 million, bringing its historical total net inflow to $212 million. This was followed by Franklin XRP ETF (XRPZ), with a weekly net inflow of $49.29 million, bringing its historical total net inflow to $135 million. As of press time, the total net asset value of XRP spot ETFs was $861 million, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 0.71%, and a historical cumulative net inflow of $897 million. Investment and Financing/Acquisition Robinhood will enter the Indonesian market through the acquisition of a brokerage business and a crypto trading platform. PANews reported on December 8th that, according to Reuters, Robinhood announced in a blog post on Sunday that it will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto. This marks the retail trading platform's official entry into one of Southeast Asia's major cryptocurrency hubs. Indonesia boasts over 19 million capital market investors and 17 million cryptocurrency traders, highlighting its appeal in stock and digital asset trading. Institutional holdings Metaplanet has not increased its Bitcoin holdings since September 30. PANews reported on December 8 that, according to Cointelegraph, Japanese listed company Metaplanet has not increased its Bitcoin holdings since September 30, and its Bitcoin holdings remain at 30,823. Twenty One Capital transferred 43,122 BTC to a new wallet. PANews reported on December 8 that, according to Lookonchain, Twenty One Capital has just transferred 43,122 BTC to a new wallet, worth $3.94 billion. Bloomberg: The median share price of DAT companies listed in the US and Canada has fallen 43% this year. PANews reported on December 8th, citing Bloomberg, that the median stock price of publicly traded digital asset treasuries (DATs) in the US and Canada has fallen by 43% this year. In contrast, Bitcoin has only fallen by about 6% since the beginning of the year. Ethereum treasury company SharpLink's stock price has fallen 86% from its peak, and its market capitalization is even lower than the value of its digital token holdings. Currently, the company's stock price is approximately 0.9 times the value of its Ethereum holdings. SharpLink previously announced it was abandoning its original gaming business and instead issuing shares to purchase a large amount of Ethereum, causing its stock price to surge by over 2600% in a few days. However, it is relatively fortunate compared to Greenlane, whose stock price has plummeted by over 99% this year despite holding approximately $48 million worth of BRA crypto tokens. Furthermore, the stock price of WLFI treasury company Alt5 Sigma, which was supported by Trump's two sons, has fallen by about 86% since its June peak. Some fortunate DAT companies still have a market capitalization higher than their underlying holding value, but most investors who bought near the peak have lost money, and 70% of these companies' stock prices are likely to fall below their beginning-of-year levels by the end of the year. The worst performers were publicly traded companies that avoided Bitcoin in favor of smaller, more volatile tokens. This volatility in their stocks was at least partly due to the heavy borrowing involved in their cryptocurrency acquisitions. Meanwhile, for smaller, lesser-known DAT companies, the chances of raising capital became even slimmer as cryptocurrency prices fell and investor enthusiasm waned.

Author: PANews

2025/12/08

Gate and Stable (STABLE) launch STABLE Ecosystem Week, sharing 30,000,000 STABLEs.

Gate and Stable (STABLE) launch STABLE Ecosystem Week, sharing 30,000,000 STABLEs.

PANews reported on December 8th that Gate will launch Stable (STABLE) spot trading on December 8th, 2025 at 21:00 (UTC+8). To reward platform users, Gate, in conjunction with Stable (STABLE), is launching the STABLE Ecosystem Week. Launchpool, Candydrop, Trading Competition, BountyDrop, and YuBiBao (a savings account platform) will all offer fee waivers or reductions on Stable (STABLE) transactions. Specific start times and rules for these activities will be subject to further official announcements. The Stable (STABLE) withdrawal fee waiver program is now open. Each withdrawal must be at least 20 USDT. The end date of the fee waiver will be announced later and will be displayed on the withdrawal page. Gate CandyDrop, in partnership with Stable (STABLE), launched CandyDrop X Stable (STABLE) for its 120th iteration. Users can share in a massive airdrop of 4,000,000 STABLE tokens by completing trading tasks. Gate Launchpool will launch the Stable (STABLE) campaign, where users can share 4,000,000 STABLEs by participating in staking. Gate Wallet BountyDrop has launched a new airdrop project, Stable (STABLE), sharing 8,000,000 STABLEs. Gate Savings Bank will launch the Stable (STABLE) program, where users who participate in wealth management can share 8,000,000 STABLE rewards. Stable (STABLE) contract trading benefits are coming soon! Participate in the event to easily win airdrops. The total prize pool is 6,000,000 STABLEs. Rewards are limited and available on a first-come, first-served basis.

Author: PANews

2025/12/08

Binance Alpha will list Midnight (NIGHT) on December 9th.

Binance Alpha will list Midnight (NIGHT) on December 9th.

PANews reported on December 8th that Binance Alpha will launch its Midnight (NIGHT) event on December 9th. Qualified users can claim an airdrop using their Binance Alpha points on the Alpha event page after trading opens.

Author: PANews

2025/12/08

What will Stable's fully diluted valuation be at tonight's TGE?

What will Stable's fully diluted valuation be at tonight's TGE?

Author: 1912212.eth, Foresight News The Stable mainnet will officially launch at 21:00 Beijing time on December 8th. As a Layer 1 blockchain supported by Bitfinex and Tether, Stable focuses on stablecoin infrastructure. Its core design uses USDT as the native gas fee, enabling sub-second settlement and gas-free peer-to-peer transfers. As of press time, Bitget, Backpack, and Bybit have announced the listing of STABLE spot trading. However, Binance, Coinbase, and Korean exchanges have not yet announced the listing of STABLE spot trading. Total supply 100 billion, no gas fees charged on the tokens. The project team released a white paper and details of the tokenomics prior to the mainnet launch. Its native token, STABLE, has a fixed total supply of 100 billion. All transfers, payments, and transactions on the Stable network are settled in USDT. STABLE does not charge gas fees; instead, it serves as an incentive mechanism between developers and ecosystem participants. The STABLE token allocation is as follows: a Genesis Distribution of 10% of the total supply supports initial liquidity, community activation, ecosystem activities, and strategic distribution efforts. This Genesis Distribution portion will be fully unlocked upon mainnet launch. Ecosystem and community account for 40% of the total supply, allocated to developer funding, liquidity programs, partnerships, community initiatives, and ecosystem development; teams account for 25% of the total supply, allocated to founding teams, engineers, researchers, and contributors; and investors and advisors account for 25% of the total supply, allocated to strategic investors and advisors who support network development, infrastructure building, and promotion. The team and investor shares have a one-year clamp period, meaning zero unlocking for the first 12 months, followed by linear unlocking. The ecosystem and community fund shares unlock 8% from launch, with the remainder gradually released through linear vesting to incentivize developer, partner, and user growth. Stable employs a DPoS (Delegated Proof-of-Stake) model through its StableBFT consensus protocol. This design supports high-throughput settlement while maintaining the economic security characteristics required for global payment networks. Staking STABLE tokens is the mechanism by which validators and delegators participate in consensus and earn rewards. The primary roles of the STABLE token are governance and staking: holders can stake tokens to become validators, participate in network security maintenance, and influence protocol upgrades through DAO voting, such as adjusting transaction fees or introducing new stablecoin support. Furthermore, STABLE can be used for ecosystem incentives, such as liquidity mining or cross-chain bridging rewards. The project team claims that this decoupled design can attract institutional funding because USDT's stability is far superior to that of volatile governance tokens. Pre-deposit disputes: insider trading, KYC lag Like Plasma, Stable also opened deposits twice before the mainnet launch. The first phase of pre-deposits began at the end of October, with a cap of $825 million, but it was filled within minutes of the announcement. The community questioned whether some players were engaging in insider trading. The top-ranked wallet deposited hundreds of millions of USDT 23 minutes before the deposits were opened. The project team did not respond directly and launched the second phase of the pre-deposit activity on November 6, with a maximum of $500 million. However, Stable underestimated the market's enthusiasm for deposits. The moment the second phase opened, a massive influx of traffic caused its website to slow down and lag. Therefore, after Stable updated its rules, users can deposit through the Hourglass frontend or directly on-chain; the deposit function is reopened for 24 hours, with a maximum deposit of $1 million per wallet and a minimum deposit of $1,000. The final second phase saw total deposits of approximately $1.8 billion, with about 26,000 wallets participating. The review time ranges from a few days to a week, and some users in the community have complained about system lag or repeated requests for additional materials. The probability of a 2 billion FDV is over 85%. In late July of this year, Stable announced the completion of a $28 million seed round of financing, led by Bitfinex and Hack VC, bringing its market valuation to around $300 million. In comparison, Plasma's market capitalization is currently $330 million, and its FDV is $1.675 billion. Some optimists believe that the stablecoin narrative, Bitfinex's endorsement, and Plasma's initial rise followed by a fall suggest continued popularity and potential for price increases in the near term. However, pessimistic voices prevail: gas payments are not stable and have limited utility, especially given the current bear market and tightening liquidity, which could lead to a rapid price drop. According to Polymarket data, there is an 85% probability that the FDV will exceed $2 billion on its first day of listing. Based on a conservative estimate of $2 billion, the STABLE token price would be $0.02. In the perpetual contract market, according to Bitget data, STABLE/USDT is currently priced at $0.032, which means its FDV is expected to rise to around $3 billion. Stable's first phase of pre-deposits reached $825 million, and the second phase actually contributed over $1.1 billion, but after proportional allocation, only $500 million actually entered the pool. The total pre-deposits amounted to $1.325 billion. Token economics disclosed an initial allocation of 10% (used for pre-deposits incentives, exchange activities, initial on-chain liquidity, etc.). Assuming Stable's final airdrop to pre-deposits is 3%-7%, based on a pre-market price of $0.032, the corresponding return is approximately 7% to 16.9%, meaning that every $10,000 deposit corresponds to $700 to $1,690.

Author: PANews

2025/12/08

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