Cryptoman 🚀

@supersabbir

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463 Followers

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$BTC broke above 100K again 🚀

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$BTC broke above 100K again 🚀

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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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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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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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