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Hyperliquid Labs has addressed concerns regarding alleged activity by DPRK-linked addresses, stating that there has been no exploit of the platform, nor any compromise of user funds. The team emphasized their commitment to operational security (opsec) and confirmed that no vulnerabilities have been reported by any external party. All user funds remain secure and accounted for.
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OpenSea Foundation has launched a separate Twitter account. Waiting for the airdrop checker.
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Charcoal drawing is an art style that uses shading and contrast to create realistic, emotional images. It's simple enough for beginners yet requires skill to master, effectively conveying emotions without color.
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Michael Saylor hinted at another potential Bitcoin purchase by tweeting, "is saylortracker missing a green dot?" Similar tweets in the past have preceded announcements of Bitcoin acquisitions the following day.
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In 2024, the global number of crypto developers remained stable, with 23,613 monthly active developers in November, reflecting a 7% year-over-year decline. The Solana ecosystem attracted 7,625 new developers, an 83% increase, surpassing Ethereum's 6,244 new developers. Despite this, Ethereum remains the largest developer ecosystem, with more than half of its activity driven by Layer 2 networks. Additionally, Asia emerged as the region with the most blockchain developers, with India contributing 17% of new developers.
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The number of daily transactions on the LayerZero network dropped from 450,000 in the summer of 2024 to fewer than 10,000 in December.
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ETH >4k
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Binance Labs has announced its investment in Astherus, a project aimed at optimizing inefficiencies in DeFi by enhancing the real yield of assets. Astherus is also developing AstherusLayer, a L1 blockchain tailored for DeFi applications. This blockchain will feature multi-asset staking capabilities and utilize BNB for gas fees, aiming to improve capital efficiency and incentivize broader participation in DeFi ecosystems.
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ZK L2 protocol Zircuit announced that its ZRC token will begin trading at 10am UTC. Of the total token supply, 21% will be allocated to the community airdrop, with 12.45% available for immediate distribution and 13.08% reserved for future community development initiatives. Additionally, the tokens held by the team and investors will be subject to a 12-month lock-up period.
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MicroStrategy acquired approximately 51,780 bitcoins for about $4.6 billion in cash between November 11, 2024, and November 17, 2024.
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Phantom, the crypto wallet provider, has issued a warning to iOS users regarding a recent update that caused some apps to reset. Users who failed to back up their recovery phrases might lose access to their wallets as a result. One user reported losing up to $1 million. Phantom stated it is unable to assist with fund recovery for users without backed-up recovery phrases.
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NFT trader Johnweth revealed details about the beta version of OpenSea V2. In this update, users who contribute liquidity to leading NFT collections will be rewarded, and a loyalty program is set to be introduced. Additionally, top bidders will benefit from points-based upgrades. These features suggest that OpenSea might be preparing to launch its own tokens.
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The U.S. Federal Reserve has cut the key interest rate by 25 basis points as expected, bringing it to a current level of 4.5-4.75%. Meanwhile, Bitcoin has reached a new high, surpassing $76,700.
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Second-quarter data reveals that the average cash cost of producing a single Bitcoin among publicly traded mining companies has reached $49,500. When accounting for depreciation and stock compensation, this cost increases to an average of $96,100. To address these rising expenses, many mining companies are diversifying their income by expanding into AI-related ventures.
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The BNB Foundation has completed its 29th quarterly BNB burn, automatically burning 1,772,712.363 BNB, valued at around $1.07 billion. Moving forward, this quarter's and future burns will be conducted directly on the BNB Smart Chain (BSC), with the equivalent BNB amount sent to a designated "black hole" address for permanent removal from circulation.
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BlackRock, the largest asset manager globally, now holds over 400,000 bitcoins, totaling 403,725 BTC, valued at approximately $26.98 billion. In the last two weeks, BlackRock acquired an additional 34,085 bitcoins, worth around $2.3 billion.
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Stripe, a leading payments company, has acquired stablecoin platform Bridge for $1.1 billion. Bridge specializes in software that enables businesses to accept stablecoin payments, marking a significant step in Stripe's efforts to integrate cryptocurrency solutions. This acquisition is not only Stripe's largest to date but also potentially the biggest acquisition in the history of the crypto industry.
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According to a study by Francisco Gavidia University, only 7.5% of Salvadorans currently use Bitcoin for transactions.
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In response to criticism about offering up to 5.5% of tokens to Binance, Scroll explained that it was a difficult decision, but Binance's support for stablecoins is essential. In Africa, Binance has even greater legitimacy than Ethereum. Beyond listing, Binance will provide various forms of support. Strong support from CEX is crucial for attracting users to the Ethereum ecosystem.
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Coinbase has revealed that users can now send Bitcoin to Taproot addresses. Activated in November 2021, Taproot is a significant upgrade to the Bitcoin network designed to enhance privacy. It introduces a new address format starting with "bc1p," enabling complex transactions to resemble regular transactions, unlike the original "bc1q" address format.
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