Daily Report ｜Musk calls Bitcoin "engineered scarcity"; Gulf Binance's digital asset exchange Binance TH is now open to eligible users
Binance will delist trading pairs such as DAR/BNB and DEXE/ETH on January 19; Thai SEC: There are no plans to allow spot Bitcoin ETFs locally.Organizer: Luan Peng, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Musk Calls Bitcoin "Engineered Scarcity"
According to ChainCatcher, during a discussion with Cathy Wood on the topic of "ARK 21Shares Obtaining Bitcoin ETF Approval" in Spaces, Elon Musk commented that Bitcoin is "engineered scarcity."
Note: Engineered scarcity is a concept that typically creates artificial value and utility through technology, allowing people to store wealth in things that maintain purchasing power over the long term. It is crucial in a world rich with robots and artificial intelligence, as it ensures long-term financial security. (Source Link)
2. Binance to Delist Trading Pairs DAR/BNB, DEXE/ETH, etc. on January 19
According to ChainCatcher, Binance announced in an official notice that it will remove and cease trading for the following spot trading pairs starting from January 19, 2024, at 11:00 AM (Beijing Time): DAR/BNB, DEXE/ETH, ID/BNB, POLS/BTC. The spot trading bot services for the aforementioned trading pairs will also be terminated at the same time. (Source Link)
3. Gulf Binance's Digital Asset Exchange Binance TH Now Open to Eligible Users
According to ChainCatcher, Binance and Gulf Innova's joint venture Gulf Binance has obtained a license to operate a digital asset exchange and broker in Thailand, and is now fully opening its digital asset exchange and broker platform Binance TH to all eligible users.
The new platform will provide digital asset exchange and brokerage services for Thai users, enabling them to seamlessly buy and sell digital assets through local currency pairs. (Source Link)
4. Thai SEC: No Plans to Allow Spot Bitcoin ETF Locally
According to ChainCatcher, the Thai Securities and Exchange Commission stated that it has no policy to allow securities companies to establish spot Bitcoin ETFs in the country, noting that such financial products established overseas are not within its regulatory scope. The Thai SEC mentioned that the development of spot Bitcoin ETFs in the U.S. is still in its early stages and emphasized the importance of investor protection by operators.
In a statement on Tuesday, the commission stated that mutual funds managed by asset management companies are not allowed to directly invest in spot Bitcoin ETFs. This statement came after the U.S. SEC approved mutual funds to establish spot Bitcoin ETFs, leading some Thai brokerages to suggest that clients could directly invest in such products. (Source Link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. "Sei's Rapid Rise: What Other Catalysts Beyond Parallel EVM Are Worth Noting?"
Recently, Sei has seen significant gains. On January 6, SEI reached an all-time high of $0.88, and although the market experienced a downturn due to the Bitcoin ETF "sell the news" event, SEI's price performance remained impressive, quickly recovering after the drop. As of the time of writing, Sei is priced at $0.80, with a 24-hour increase of 9.35%.
Crypto researcher Jake Pahor conducted a detailed study on Sei, exploring it from multiple angles including use cases, adoption, project revenue, and token economics, with a comprehensive translation provided by Deep Tide.
2. "TROLL Leads the Charge: Is the Meme Season Back, and Are There Danger Signals for the Market?"
Recently, with the launch of ETFs, the upward trend of BTC has temporarily paused.
During the recent market fluctuations, the meme frenzy led by TROLL has once again opened the door to wealth creation myths.
Among the several meme coins that have garnered attention, we can see a clear celebrity concept.
Berachain is a DeFi-based EVM-compatible L1 built on the Cosmos SDK. Liquidity consensus proof is the consensus mechanism adopted by Berachain, allowing it to choose to stake various assets (BERA, ETH, BTC, stablecoins, etc.) to validators through liquidity proof. Meanwhile, these staked assets will be used to provide liquidity to the chain's native virtualized AMM, enhancing capital production efficiency.
The Berachain token economy introduces a three-token system: $BERA --- Gas token, $HONEY --- Stablecoin, $BGT --- Governance token. Among them, $BGT cannot be purchased on secondary markets; it is a non-transferable NFT, and holders can receive a proportionate share of the fees generated on Berachain.
On April 20, 2023, Berachain announced the completion of a $42 million Series A funding round led by Polychain Capital.
Recently, Berachain has also opened its public testnet Artio, which is known to be a key step in obtaining token airdrops. Here are the detailed instructions on how to participate in this testnet interaction.
