Huoxun Finance reported on December 20th that, according to LindaXie, former co-founder of ScalarCapital and now part of the Farcaster team, who posted on the X platform, token issuance platform Clanker is currently exploring a next-generation token pre-sale solution, ClankerAuctions. This pre-sale solution is expected to be designed based on the Uniswap CCA auction protocol and incorporate contracts related to liquidity and vesting. Previously, it was reported that Clanker's first token offering earlier this month was targeted by a whale, with the community widely describing the pre-sale as a "disaster." This was because the pre-sale contract was an older version with a hard cap of only 20 ETH, and a whale successfully targeted and obtained 16 ETH (80%). Furthermore, the lack of restrictions on the participation amount of individual wallets was also a major reason for the oligopolistic control of the pre-sale share.

Odaily Planet Daily reports that Launchpad Cadenza, a special purpose acquisition company, announced the completion of its initial public offering (IPO) on Nasdaq, raising a total of $230 million. The funds have been deposited into a trust, with Cantor Fitzgerald acting as the sole bookrunner. The company stated that it will subsequently seek mergers, acquisitions, share swaps, asset acquisitions, share purchases, restructurings, or similar business consolidations with technology and software infrastructure companies in the blockchain, fintech, and digital asset ecosystems. (Globenewswire)

Odaily Planet Daily reports that Bitmine has completed approximately 66% of its goal to acquire 5% of the total ETH supply. (Cointelegraph)

Huoxun Finance reported on December 20th that cryptocurrency exchange Gemini announced on its X platform that it has signed a joint letter with over 125 companies and organizations, urging the U.S. Congress to uphold the original text of the Genius Act and not amend it. It is understood that legitimate stablecoin rewards benefit consumers and competition and are legally permitted under the Genius Act; revising the act would undermine certainty and innovation. Gemini co-founder Tyler Winklevoss further explained that while the Genius Act currently prohibits stablecoin issuers from offering stablecoin rewards, trading platforms like Gemini, Coinbase, and Kraken can, and this is already included in the current law. If traditional bankers amend the act to prohibit such behavior, it will stifle stablecoin innovation.

According to Lookonchain monitoring, two whales have withdrawn a total of 206,334 ZEC from Binance today, worth approximately US$93.36 million.