Gate.io Launches INIT Perpetual Contract Pre-trading

Ernesto Boado, core contributor to Aave and co-founder of BGD Labs, proposed the “AAVE Token Alignment” on December 17. The initiative aims to grant AAVE token holders control over Aave’s brand assets—including domain names, social media accounts, and naming rights. These assets will be managed by an entity controlled by a DAO (with the specific definition to be finalized later) and will feature robust anti-takeover safeguards. As a result, the proposal mandates that any party currently overseeing these assets—regardless of their identity—must uphold their responsibilities both in principle and in practice.

On December 17th, per HTX market data, Bitcoin dropped below $87,000, posting a 1.49% 24-hour change.

**Bitcoin Chip Concentration & Key Macro Events to Watch** On-chain data analyst Murphy noted December 17 that Bitcoin’s (BTC) chip concentration is a reliable early warning signal for impending volatility. ### Key Alert Levels - A 5% range around the current spot price: - ≥13% concentration = **caution zone** - ≥15% concentration = **high-risk zone** - The more concentrated chips are, the higher the probability and magnitude of volatility. ### Current Status BTC’s chip concentration is now 11%—moderately high but not yet in the caution zone. Large price swings are unlikely; the chip structure doesn’t support a chain reaction right now. ### Macro Focus Markets are tracking two critical events: 1. U.S. CPI data (December 18, 9:30 PM ET) 2. Bank of Japan (BOJ) interest rate decision (December 19) ### Analyst Take As long as CPI doesn’t beat expectations significantly, its impact will be limited to minor fluctuations—not as intense as the lead-up to Au

**Binance Spot Platform Upgrade & UTF-8 Test Notice** According to official Binance sources, the exchange will conduct a system upgrade and UTF-8 encoding test on its spot trading platform on December 17. ### Important Notes: - This upgrade will **not impact spot trading or any associated functions**. - During the test period, users may encounter test tokens and test trading pairs—this is normal and routine. - Note: Any on-chain tokens with identical or similar names to these test assets are **not officially supported by Binance**. This rewrite aligns with U.S. English habits: - Uses concise, conversational phrasing (e.g., "impact" instead of "affect" for clarity in updates; "associated functions" instead of "related functionality"). - Structures key points for scannability (bullets, bolded emphasis for critical info). - Adds explicit "Binance" attribution to avoid ambiguity (common in U.S. financial notices). - Removes redundant tags while keeping all original

On December 17, predict.fun officially launched. Its trading volume has already hit $10 million, and the platform is now running an initial points airdrop for prediction market participants and BNB Chain traders.