jennyliver2298

@jennyliver2298

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Binance Labs has invested an undisclosed amount in Thena, a decentralized exchange (DEX) and liquidity protocol on the BNB Chain. Launched in January 2023, THENA offers spot and leverage trading with up to 60x leverage, utilizing the “ve(3,3)” tokenomics model to manage liquidity and reward participants. The model incentivizes long-term participation by allowing users to lock tokens in exchange for governance rights and rewards.

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The platform serves institutional clients and seeks to become a go-to solution for both large market makers and retail participants in the crypto credit market. Its technology stack includes cryptographic tools and zero-knowledge proofs.

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The platform, which is said to have facilitated $2 million in Bitcoin loans, offers a privacy-focused data solution for borrowers and lenders. It enables users to share real-time, verified data about assets, liabilities, and trading exposure while maintaining control over information sharing.

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Crypto data startup Accountable has raised $2.3 million in seed funding, led by MitonC and Zee Prime Capital, with additional support from angel investors Darius Rugys and DCBuilder.

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The EFCC said the suspects would contact victims over social media to seduce them or offer bogus crypto investment schemes and then pressure them to transfer money — a type of scam known as pig butchering.

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“Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims,” they added.

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"Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans and several others from European countries," the EFCC spokesperson said.

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The suspects, arrested on Dec. 10 in Lagos, included 148 Chinese and 40 Filipino nationals, an Economic and Financial Crimes Commission (EFCC) spokesperson told Reuters on Dec. 16.

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Nigeria’s anti-corruption agency arrested 792 people in a raid on a building in the country’s largest city that it suspects was a hub for a massive crypto romance scam operation.

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The combined capitalization of USDT and USDC might double or even triple, with the overall market size expected to grow. Localized stablecoins will play an increasing role as well, which could challenge the dollar’s dominance and diversify the market.

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2025 will see the beginning of mass adoption. The market was previously dominated by semi-professional players, but with the arrival of MiCA in Europe and President-elect Donald Trump in the United States, more new players will come. The market is also expecting new, friendlier laws on cryptocurrencies.

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More explicit regulations, new entrants and broader adoption will transition stablecoins from niche financial tool to mainstream asset class. Stablecoins will offer faster, cheaper and more inclusive financial services and be integrated with traditional finance.

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The overall trajectory of stablecoins is promising. In 2025, the stablecoin market will not just grow — it will mature.

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Local stablecoins will be integrated into local banking systems as they gain traction as countries increasingly look to digitize their economies.

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On the same podcast, Atkins also came out in support of Commissioner Peirce’s Token Safe Harbor Act — a bill that was re-introduced in 2021 — that would give crypto developers a grace period before they’re legally required to register with the SEC.

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“If the agency had been more accommodating and would deal straightforwardly with these various firms, I think it would be a lot better to have things happen here in the United States rather than outside,” Atkins said, citing the $4.3 billion fine that Binance was forced to pay as a reason why many crypto firms choose to remain outside the US.

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Speaking on the Free The People podcast on Feb. 23 last year, Atkins said that if the SEC had been less combative, there would’ve been more opportunity for industry growth in the US.

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They explained this suggests that profit-taking has “significantly cooled” and that further sell-offs may be “less dramatic in nature.”

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Cointelegraph reported that the sudden price decline from $98,338 to $92,957 triggered over $303.5 million in liquidations of long positions within the hour, pushing total liquidations over the 24 hours to $404 million.

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On Dec. 6, over 24 hours, Bitcoin (BTC) dropped almost 10% from $103,493 to under $93,000, just one day after surpassing the $100,000 price level for the first time on Dec. 5, according to CoinMarketCap data.

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