Swell announces that Swellchain is live
https://x.com/swellnetworkio/status/1869620998208966882
Top 100 losers in 24h: WIF -13%, FLOKI -12%, FTM -12%, LTC -11%, DYDX -11%, THETA -11%, CURV -11%, RUNE -10%, PEPE -10%, BONK -10%.
https://dropstab.com/insights/top-performance
The crypto market is down
BTC Dominance - 56.43%
Market Cap - $3.55T
BTC - $101,013.68 (-2.49%)
ETH - $3,663.12 (-4.35%)
XRP - $2.34 (-6.06%)
SOL - $208.34 (-3.71%)
BNB - $699.82 (-1%)
INJ - $24.62 (-6.05%)
TON - $5.47 (-4.65%)
USUAL -$1.08 (+28.87%)
SUI - $4.38 (-2.64%)
https://dropstab.com
Osprey Funds Launches the First Publicly-Quoted U.S. BNB Fund
https://www.businesswire.com/news/home/20241218683817/en/Osprey-Funds-Launches-the-First-Publicly-Quoted-U.S.-BNB-Fund-Osprey-BNB-Chain-Trust-OTCQX-OBNB
Fuel is making an announcement tomorrow
https://x.com/fuel_network/status/1869374609373700381
Masa has announced strategic funding from Digital Currency Group with participation from FBG Capital.
https://x.com/getmasafi/status/1869386397783662654
Crypto.com has voluntarily withdrawn its lawsuit against the U.S. Securities and Exchange Commission (SEC) as CEO met with Donald Trump.
https://decrypt.co/297265/crypto-com-sec-lawsuit-donald-trump
The second batch of 5 Binance Alpha Projects is now live: Cakepie (CKP), Gearbox (GEAR), Stader (SD), SYRUP, FARTCOIN.
https://x.com/BinanceWallet/status/1869351933103988890
The first batch of 5 Binance Alpha Projects are now live: KOMA, CHEEMS, APX, ai16z, aixbt.
https://x.com/binancewallet/status/1869323010332921903
Binance will delist Kaon (AKRO), Bluzelle (BLZ), WazirX (WRX) at 2024-12-25 03:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-delist-akro-blz-wrx-on-2024-12-25-b140faee7cf9482cb10257308abda245
Arthur Hayes has introduced a new article "Trump Truth"
Crypto Forecast:
1. Bitcoin growth to $1 million.
2. Bitcoin may become a way to protect savings from financial repression.
3. Crypto market crash in January 2025 is possible.
https://cryptohayes.substack.com/p/trump-truth
Ohio Representative files bill to create strategic Bitcoin Reserve for the state.
https://x.com/watcherguru/status/1869149360895971432
Eric Balchunas: “We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the btc + eth combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending lawsuits) via JSeyff in his outlook today”.
https://x.com/EricBalchunas/status/1869064627591496170
Omni has announced the launch of Omni Core mainnet
https://news.omni.network/omni-core-mainnet-is-live-unifying-ethereum-begins-today/
Ethena has announced Usual is migrating to USDtb as collateral for their stablecoin USD0
USDtb will soon become a primary collateral asset for Usual’s USD0, currently with over $850 million in TVL.
Blackrock's BUIDL represents the vast majority of the USDtb backing, currently the highest BUIDL allocation of any stablecoin in the market.
As part of this partnership, Usual will also launch an sUSDe vault for USD0++ holders, allowing Usual users to gain exposure to sUSDe APY and Ethena rewards alongside additional USUAL rewards.
USD0 is the latest scaled decentralized stablecoin of many to leverage Ethena powered assets.
https://x.com/ethena_labs/status/1869367144695378302
Kelp DAO introduced KERNEL tokenomics
Tokenomics
▫️60% of the KERNEL tokens are allocated to Community and Ecosystem partners.
▫️Community Rewards and Airdrops: 55%
▫️20% of total supply earmarked for airdrops
▫️35% is allocated for future rewards
▫️Ecosystem and Partners: 5%
▫️Private Sale: 20%
▫️Team and Advisors: 20%
Airdrop
Season 1:
▫️Allocation: 10% of total supply allocated till Dec 31, 2024
▫️Eligibility: Users who earned Kelp Miles / Kernel Points across the 3 products till Dec 31st, 2024
▫️Boosted rewards: Users who restake / have restaked in Season 1 or before Jan 15, 2025 get a 15% loyalty boost in Season 2.
Season 2:
▫️Allocation: 5% of total supply
▫️Boosted rewards: Extra 15% loyalty boost upon restaking before Jan 15, 2025
▫️Timeline: January 1 - April 30, 2025
Season 3 and beyond:
▫️Allocation: 5% of total supply
▫️Timelines: TBD
KERNEL TGE is targeted in early-Q1 2025.
https://kelpdao.xyz/insights/resources/kernel-powering-the-next-era-of-restaking/
Donald Trump-backed DeFi platform World Liberty Financial and Ethena are planning a “long-term collaboration” starting with implementing the yield-bearing token, sUSDe.
https://www.theblock.co/post/331436/trump-backed-world-liberty-financial-and-ethena-eye-collaboration-starting-with-susde-implementation
German financial giant Deutsche Bank is launching its own Layer 2 network based on ZKsync technology.
https://cointelegraph.com/news/deutsche-bank-layer-2-blockchain-ethereum-zksync
💧 Recent Funding Rounds Backed by Top Tier Angels
👉 https://dropstab.com/insights/latest-fundraising-rounds
Binance Futures will launch the LUMIAUSDT Perpetual Contract at 2024-12-18 11:30 UTC with up to 75x leverage.
https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-lumiausdt-perpetual-contract-with-up-to-75x-leverage-c6420ba80fe54282970e1d69cafa56a4
Spot ETF Flow on 17.12: BTC-ETF +$493.95M, ETH-ETF +$144.74M
https://sosovalue.com/assets/etf/us-btc-spot
Binance will remove and cease trading on the following spot trading pairs:
At 2024-12-20 03:00 UTC: BNT/ETH, CYBER/TUSD, EUR/AEUR, HMSTR/BNB, SUI/TUSD
https://www.binance.com/en/support/announcement/notice-of-removal-of-spot-trading-pairs-2024-12-20-6d4532716f864947ba21791fd974cad5
Crypto asset manager Bitwise has launched a solana staking ETP in Europe with the ticker BSOL.
https://blockworks.co/news/bitwise-launches-solana-staking-etp-europe
The crypto market is down
BTC Dominance - 56.10%
Market Cap - $3.70T
BTC - $104,760.23 (-1.92%)
ETH - $3,846.14 (-4.57%)
XRP - $2.52 (+1.85%)
SOL - $217.32 (+0.97%)
BNB - $710.89 (-1.61%)
INJ - $26.55 (-5.51%)
TON - $5.82 (-4.59%)
VANA -$16.66 (-28.28%)
SUI - $4.51 (-3.05%)
HYPE - $25.86 (-10.59%)
https://dropstab.com
Saga Launches Mainnet 2.0
https://medium.com/sagaxyz/saga-launches-mainnet-2-0-to-transform-blockchain-economics-partners-with-uniswap-650d48b63ef7
Tether will launch Hadron by early February 2025.
https://x.com/paoloardoino/status/1869040915127705849