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jennyliver2298

@jennyliver2298

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jennyliver2298
@jennyliver2298
The price of Bitcoin surged by more than 6% in minutes to a new high ahead of Donald Trump’s inauguration as president of the United States.
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Trump appointed billionaire Musk in November to head the Department of Government Efficiency (DOGE), an agency aimed at cutting government spending and streamlining regulations.
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The Elon Musk-led agency championing more governmental efficiency is set to be hit by a lawsuit just minutes after US President-elect Donald Trump takes office.
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Several protocols have been working on ways to provide ID verification onchain over the past few years.
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“We expect to see automated biometrics and/or government ID checks become the norm, not the exception,” said Civic CEO Chris Hart. He continued:
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Borderless Capital, a venture firm pouring millions of dollars into DePIN protocols, claims the sector holds “the most compelling opportunity” in Web3.
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“This is the natural need for holders, including the retail and institution. This is the native demand for holders,” said Kevin He of Bitlayer, a Bitcoin layer-2 protocol backed by asset manager firm Franklin Templeton.
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Venture capital funding into blockchain-based startups reached $13.6 billion in 2024, according to data from the DeFi Report. This amount represents 4.9% of the total $279 billion in venture capital investments for the year.
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Looking ahead, predictions from PitchBook suggest that 2025 will see a significant increase, with the crypto space projected to attract over $18 billion in capital.
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oliviaria459
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Bitcoin protocol Avalon Labs has raised $10 million in a Series A funding round led by Framework Ventures, with additional investment from firms including Kenetic Capital and SNZ Capital.
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Usual offers a stablecoin reportedly backed by real-world assets (RWA), designed to maintain stability while minimizing banking risks. According to DefiLlama, its stablecoin Usual USD (USD0) holds over $1.7 billion in total value locked as of Dec. 31.
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The year 2024 will be remembered as a landmark chapter in crypto history. From surging mainstream demand for Bitcoin-regulated financial products to an expected crypto-friendly White House, the Web3 industry has made significant strides despite facing notable challenges along the way.
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“It is the only Web3 vertical generating revenue and fundamentals with zero correlation to the crypto market, delivering real-world value,” Álvaro Gracia, partner at Borderless, told Cointelegraph.
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According to He, not only investors but also large holders of BTC, such as MicroStrategy, are looking for additional sources of revenue through the fusion of Bitcoin and decentralized finance.
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The figures reflect a recovery from 2023 when crypto firms received $10.1 billion in VC funding. However, the industry is still far behind its 2021 peak, when crypto startups secured $32.4 billion.
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Analysts from Galaxy Research also anticipate that the surge in VC activity will be driven by a combination of declining interest rates and greater regulatory clarity in the crypto space, which is expected to increase investor appetite for venture opportunities.
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The funding will support Avalon’s expansion of its Bitcoin-backed DeFi ecosystem, which includes products like Bitcoin-backed lending, stablecoins, and savings accounts.
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The startup operates in a community-driven model, where 90% of its native token is distributed to users, enabling profit-sharing and governance. The funding will support Usual’s expansion as it aims to move into traditional finance.
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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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