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NullTX
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sUSDe Surges With 27% APY, Driving Growth Across Pendle And Aave Ecosystems
- sUSDe, a stablecoin by Ethena Labs, is delivering impressive returns with over 27% APY.
- The circulating supply of sUSDe has more than doubled since October 2024.
- Pendle Finance holds a substantial amount of sUSDe, accounting for 48% of the total circulating supply.
- Aave has seen rapid adoption of sUSDe, with over 99% of the deposits made in the past month.
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NullTX
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239
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Aave Whales On The Move: Record Transactions And Blockchain Capital’s Big Play
- Activity among Aave's largest holders has surged, with over 3,310 transactions exceeding $100,000 in $AAVE, the highest weekly total since 2022.
- Blockchain Capital, a major holder of $AAVE, transferred 16,964 $AAVE tokens worth approximately $5.04 million to FalconX, an institutional trading brokerage.
- Blockchain Capital has accumulated 233,000 $AAVE tokens at an average price of $94 per token, with a floating profit of $51.31 million.
- The rising interest in $AAVE among whales and institutional investors, along with the actions of major holders like Blockchain Capital, could impact market dynamics.
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NullTX
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FTX/Alameda’s Monthly SOL Redemptions Continue Amid Surging Solana Ecosystem Activity
- FTX/Alameda carried out its regular monthly Solana (SOL) redemption and transfer, redeeming 181,232 SOL worth $41.46 million.
- Since November 2022, FTX/Alameda has redeemed and transferred a total of 4.262 million SOL worth $484.53 million.
- FTX/Alameda could continue selling SOL tokens for another three years based on their current redemption rate.
- Solana's broader ecosystem continues to thrive, with total DEX volume surpassing $900 billion and liquidity nearing $2 billion.
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NullTX
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Whales And World Liberty Financial Drive Major $LINK And $ETH Purchases
- Whales in the crypto market have been actively buying Chainlink ($LINK). One whale spent 1,263 ETH ($4.94 million) to acquire 175,424 LINK at an average price of $28.18.
- World Liberty Financial, a fund associated with U.S. President-elect Donald Trump, made significant investments in Ethereum, Aave, and Chainlink. The fund allocated $7 million USDC for the purchases.
- This marks World Liberty Financial's first-ever purchase of AAVE and LINK. Over the past 12 days, the fund has spent a total of $30 million USDC on 8,105 ETH.
- Chainlink's on-chain activity has been rising, experiencing new yearly highs in transactions and active addresses. Collaborations with high-profile entities such as Coinbase's Project Diamond, Brazil's Central Bank, and SWIFT add to its utility and potential demand.
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NullTX
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Massive USDT Inflows Fuel Bitcoin Rally And Market Activity
- 972.6 million USDT flowed from Tether’s Treasury to exchanges in the past 24 hours.
- USDT inflows fuel Bitcoin's ongoing rally and broader market dynamics.
- Increased USDT flows indicate strong market confidence and growing liquidity.
- Rising adoption of stablecoins like USDT shapes market behavior and reflects surging demand for liquidity.
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NullTX
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Binance Maintains Dominance As The Largest CEX In November 2024
- Binance maintained its dominance as the largest centralized exchange (CEX) in November 2024.
- Binance captured a 39.1% market share, with a spot trading volume of $979.1 billion.
- Crypto.com emerged as the second-largest CEX, securing an 11.4% market share and $286.1 billion in trading volume.
- Upbit ranked third with a 9.3% market share and $231.8 billion in trading volume.
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NullTX
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XRP Surges To $2.37 Amid Regulatory Approval And Whale Accumulation
- Ripple's XRP has surged 6% to reach $2.37 amid significant developments.
- New York's Department of Financial Services has approved Ripple's RLUSD stablecoin, enhancing XRP's utility.
- Major investors have accumulated approximately $500 million in XRP, signaling confidence in its future.
- XRP is forming a bullish flag pattern and could rally further if it breaks above $2.46.
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NullTX
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Bitcoin Hits $100K: A Landmark Moment In Its Financial Evolution
- Bitcoin reaches the significant milestone of $100,000, solidifying its position as a transformative force in global finance.
- Bitcoin has facilitated $131 trillion in transfer volume and processed over 1.12 billion transactions since its Genesis Block.
- Bitcoin miners have earned a total of $71.49 billion, highlighting their crucial role in maintaining the network's integrity.
- Whales continue to accumulate Bitcoin, with a notable purchase of 201.78 BTC worth $20.33 million, indicating growing confidence in its long-term potential.
- Bitcoin spot ETFs experience a surge in demand, with $223 million in net inflows on December 11, led by Fidelity's FBTC ETF.
- Bitcoin's $100,000 milestone signifies its increasing adoption as a global financial asset, driven by institutional investments and ongoing innovation.
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NullTX
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Ethereum Sees Bullish Momentum As Golden Cross Signals Rally Potential
- Ethereum ($ETH) has triggered a Golden Cross, with its 50-day SMA crossing above the 200-day SMA, indicating bullish momentum.
- Historically, this pattern has led to significant price rallies, with speculation of Ethereum surpassing $5,000 in the coming months.
- In a recent move, a trader known as 'ETH Band Brother' sold 12,525.4 ETH for a profit of $1.08 million, showcasing dynamic trading activity among whales.
- Institutional interest in Ethereum continues to grow, with the Ethereum spot ETF recording $102 million in net inflows on December 11.
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NullTX
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Polkadot Ecosystem Transactions Triple Since January 2024
- Polkadot's ecosystem has seen a dramatic surge in activity, with daily transaction counts tripling since January 2024.
- In Q3 2024, Polkadot transactions surged 69% quarter-over-quarter (QoQ), fueled in part by the Mythical ecosystem.
- November 2024 saw Polkadot and its parachains hit new transaction records, processing over 41 million transactions.
- This surge in activity demonstrates Polkadot's ability to handle increased demand across diverse use cases and confirms its position as a leader in blockchain innovation.
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Cryptoticker
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Why is AVAX Price UP while the Market is DOWN?
- The Avalanche9000 launch is expected to be a game-changer for the Avalanche (AVAX) blockchain.
- The upgrade includes a shift from a costly upfront validator payment to a more affordable subscription model, enhancing interchain communication, and introducing a more efficient structure for subnets.
- A successful $250 million private token sale has strengthened Avalanche's treasury, supporting further developments within the ecosystem.
- Experts predict a bullish future for AVAX price, with price targets ranging from $75 to $184.19 following the Avalanche9000 launch.
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Cryptoslate
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283
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Gate io denies hacking rumors amid its GateToken rally to new ATH
- GateToken, the native crypto of the Gate.io exchange, has surged to a new all-time high despite rumors about a potential security breach circulating on social media platforms.
- Gate.io confirms that all services, including deposits, withdrawals, and trading, remain fully operational and there have been no abnormalities detected by their security team.
- Gate.io's Chief Business Officer assures users that the platform is secure and backed by reserves exceeding $10 billion.
- The rumors of a security breach began when unverified information was impulsively shared by a crypto influencer, but Gate.io plans to address the misinformation and provide evidence to counter the claims.
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Bitcoinmagazine
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Governments And Large Institutions Can Buy All The Bitcoin They Want (Except Yours)
- The concern is that governments and institutions buying large amounts of Bitcoin could influence the consensus rules to impose censorship.
- Mining centralization is a more direct threat to censorship.
- If economic nodes enforce censorship as new protocol rules, it can lead to a soft fork.
- The best countermeasure is not to sell Bitcoin to governments or large institutions.
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Cryptoslate
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Layer3 Co-founder Brandon Kumar on building a user-centric crypto engagement platform
- Layer3’s platform provides users with a more direct connection to protocols and projects within the crypto ecosystem. The platform aims to create meaningful on-chain engagement rather than superficial activity. The journey to build Layer3 from traditional finance to crypto allowed Brandon Kumar, co-founder of Layer3, to recognize the potential of the crypto space early on. Layer3 aims to expand its operations into three core verticals: distribution, trading, and a skunkworks division. Finally, by aligning user incentives with on-chain engagement and creating multi-product offerings, Layer3 aims to redefine Web3 participation.
- Layer3’s core mission centers on “user-owned value,” which flips the traditional advertising model. Unlike traditional platforms, Layer3 ensures users share the economic value generated from their activity.
- Kumar’s background in traditional finance at Accolade Partners shaped his approach to Layer3. He recognized the importance of robust business models and defensibility to make strategic choices in Layer3's growth.
- Layer3 supports Decentralized Autonomous Organizations (DAOs) and is a delegate in Optimism and Arbitrum. It bridges the gap between layer-one (L1) and layer-two (L2) ecosystems like Optimism and Arbitrum seeking to attract users and developers and users looking for meaningful ways to engage with on-chain protocols.
- Regulatory uncertainty is one of the most significant challenges for Layer3 and the entire crypto industry. Kumar notes the burden of compliance faced by U.S.-based crypto startups and the complications of navigating regulations.
- Layer3 aims to expand its operations into three core verticals: distribution, trading, and a skunkworks division focused on cutting-edge development at the intersection of AI, conversational finance, and crypto. It also plans to introduce a proprietary token to facilitate revenue-sharing and user incentives.
- Kumar sees two major narratives dominating the next crypto cycle: mobile-first development and the “TikTok-ification” of capital markets. Gen Z’s financial habits are shaped by platforms like Robinhood, sports betting apps, and crypto-native products.
- The SlateCast episode with Brandon Kumar provided deep insights into the evolution of user-owned value, Layer3’s ambitious plans for crypto engagement, and the role of regulation in shaping the industry’s future.
- Layer3’s approach to user-owned value and multi-channel engagement may offer a blueprint for the next era of decentralized growth as regulatory frameworks develop and more crypto-native projects seek to engage users directly.
- Finally, Layer3’s platform offers users trading, prediction markets, and on-chain engagement opportunities, engaging with projects across the crypto ecosystem.
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Cryptoslate
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363
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IQ launches decentralized autonomous AI agents for conversational trading execution
- IQ has launched its Agent Tokenization Platform, allowing users to create autonomous AI agents for decentralized trading execution.
- The platform introduces entities that function as sovereign blockchain entities, capable of refining their capabilities through tokenized ecosystems.
- IQ aims to simplify decentralized finance by integrating conversational AI interfaces, allowing users to direct agents through prompts for complex tasks.
- The platform incorporates tokenization, autonomy, and on-chain governance, and plans to migrate existing AI products into the new model.
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