Cryptoman 🚀

@supersabbir

569 Following

464 Followers

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I just completed "Superchain Mastery: OP Mainnet" on Layer3 - https://app.layer3.xyz/quests/superchain-mastery-op-mainnet

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I just completed "Superchain Mastery: Zora" on Layer3 - https://app.layer3.xyz/quests/superchain-mastery-zora

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I just completed "Superchain Mastery: Mode" on Layer3 - https://app.layer3.xyz/quests/superchain-mastery-mode

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I just completed "Berachain Chronicles: Kodiak" on Layer3 - https://app.layer3.xyz/quests/berachain-chronicles-kodiak

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I just completed "BOB x Babylon" on Layer3 - https://app.layer3.xyz/quests/bob-x-babylon

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Mint Untitled-3180 for free ✨ https://far.quest/contracts/degen/untitled-3180-2

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BlackRock's BUIDL approved as backing token for Frax USD stablecoin- Securitize's proposal to make BlackRock’s BUIDL token the backing for Frax Finance’s USD stablecoin has received swift governance approval, paving the way for the launch of the frxUSD stablecoin, the company announced on Wednesday

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I just completed "Berachain Chronicles: iZUMi Finance" on Layer3 - https://app.layer3.xyz/quests/berachain-chronicles-izumi-finance

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The Funding: Crypto VC Recap 2024- Venture capitalists invested around $13.7 billion in crypto and blockchain startups in 2024, a 28% increase from the $10.7 billion deployed in 2023, according to The Block Pro's Funding Dashboard. However, funding remains far below the peaks of $33.3 billion in 2022 and $29 billion in 2021. "It's surprising that VC funding has not sped up more quickly relative to 2023 with bitcoin up over 150% YTD [year to date]," Rob Hadick, general partner at Dragonfly, told me. "I expect that's likely because the LP [limited partner] market has continued to stay relatively muted, and most VCs do not yet have the confidence to deploy their remaining funds in earnest until they raise (or at least become comfortable they will be able to raise) new funds.

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Ethereum NFT volume hits $186 million weekly high, driven by PENGU token launch- Ethereum NFT trading volume surged to $186 million last week, reaching a three-month high and marking a 67% increase from the previous week's $111 million. This growth contrasts with NFT activity on other chains. Bitcoin, the second-largest NFT ecosystem, records only $33 million in weekly volume. The Pudgy Penguins collection emerged as the primary catalyst for this surge following its $PENGU token launch. The collection generated $108 million in trading volume, with individual penguins trading higher than 29 ETH before experiencing a sharp decline after the token's issuance.

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Bitget to burn 40% of total supply of BGB and introduce quarterly burns: Crypto exchange Bitget released plans to burn 40% of the supply of its native token, some 800 million BGB tokens, worth $6.8 billion. The exchange will also introduce quarterly burns of the BGB token, allocating 20% of profits from its exchange operations and its separate crypto wallet for this purpose, according to a press release. The funds will be used to buy back and burn tokens, starting 2025. This is a common strategy that was first employed by Binance and later followed by other crypto exchanges. On Dec. 26, Bitget said it was going to merge Bitget Wallet Token (BWB) into Bitget Token, unifying the pair into a single ecosystem token for both the centralized cryptocurrency exchange and its wallet. The merger will not affect the total supply of BGB, the company clarified, and the exchange rate will be about 11.68 BWB to BGB. The exchange has also released an updated whitepaper for the BGB token. @

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Bitcoin holds above $96,000 while investors turn to AI and DeFi tokens for growth opportunities: Bitcoin has maintained its position above the $96,000 mark on Friday, trading mostly flat over the past 24 hours, according to The Block's price page. The largest digital asset by market capitalization remains in a consolidation phase following its recent price correction from a record high of over $108,000 in mid-December, analysts said.

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Asia’s crypto powerhouses: Singapore and Hong Kong lead 2024 regulatory advances- Singapore and Hong Kong continue to lead regulatory developments across Asia this year, focusing on overseeing crypto exchanges, stablecoins, and real-world asset tokenization. The Block reached out to Asian crypto players for their insights on this year’s significant developments and their expectations for 2025. With key jurisdictions like Singapore and Hong Kong having laid the policy foundations over the past few years, 2024 “was a lot about getting them live,” said Angela Ang, senior policy advisor at TRM Labs and a former regulator at the Monetary Authority of Singapore.

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Bitget announces token merger, BGB price increases amid market-wide declines Bitget is set to merge its wallet token BWB into BGB, unifying the pair into a single ecosystem token. BGB is currently the only major cryptocurrency experiencing substantial gains on a day of widespread declines

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The MicroStrategy strategy: Corporates could drive crypto demand in 2025, says Wintermute analyst Corporations leveraging their equity to follow MicroStrategy’s lead by adding bitcoin to their balance sheets could emerge as a major trend in 2025, according to a Wintermute analyst. Companies currently doing this in some form include Mara, Riot and Metaplanet

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Coinbase International’s trading volume surges to $119 billion weekly high: Coinbase International saw a total trading volume of over $119 billion this past week, averaging nearly $20 billion per day. The weekly total is 124% higher than the previous week’s total, while this past week’s daily average is 164% higher than the previous week’s daily average. For further reference, Coinbase International averaged just $2.5 billion per day in trading volume throughout November. So far in December, the exchange has averaged nearly $10 billion a day in trading volume

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