1. In November, the transaction volume of decentralized exchanges (DEX) exceeded 300 billion US dollars, setting a new record high
In November 2024, the trading volume of decentralized exchanges (DEX) exceeded $300 billion, exceeding the historical high of $260 billion set in May 2021. The proportion of DEX in the overall cryptocurrency trading volume has risen from 9.3% at the beginning of 2024 to 11%. In addition, at the Emergence conference, Bitget CEO Gracy Chen revealed that Bitget is considering entering the US market through a joint venture. Deribit CEO Luuk Strijers expressed doubts about the sustainability of many platforms, believing that under regulatory pressure, a large number of platforms will exit the market due to high operating costs or be shut down by regulators.
2. Tether CEO: Net profit is expected to reach $10 billion in 2024
Paolo Ardoino, CEO of stablecoin issuer Tether Holdings Ltd., said in an interview that the company is on track to make more than $10 billion in net profit this year. USDT has added nearly $50 billion to its market value this year and is now worth more than $140 billion, according to data tracker CoinMarketCap. Tether makes most of its money by investing its reserves backing stablecoins, including USDT, in U.S. Treasuries, gold and other securities. Ardoino said Tether will invest more than half of its net profit this year.
3. Chongqing police filed a case to investigate Ding Yifeng's illegal fund-raising, and froze assets involved in the case in many places
On December 20, the Liangjiang New District Branch of the Chongqing Municipal Public Security Bureau announced that it had filed an investigation into the suspected illegal absorption of public deposits by Zuo Jianling and others from the "Jinding Group" under "Ding Yifeng", and stated that it would make every effort to promote the investigation of the case, recover the stolen money and recover the losses. It is reported that the case involves attracting public investment in the name of "fake financial products" and "DDO digital options" (suspected to be air coins), and the investment amount is huge. Previously, the Shenzhen Public Security Bureau has taken criminal compulsory measures against the relevant criminal suspects, and the Hong Kong Securities and Futures Commission has also frozen more than HK$6.3 billion in assets of the relevant persons involved in the case, and issued a temporary compulsory order prohibiting the transfer or disposal of assets. The case is currently under further investigation.
4. Two American men were indicted for alleged cryptocurrency fraud, defrauding investors of more than $22 million
The U.S. Department of Justice has released a six-count indictment charging two Southern California men with defrauding investors of more than $22 million in cryptocurrency through a series of digital asset projects. According to court documents, from May 2021 to May 2024, Hay and Mayo sponsored multiple NFT and other digital asset projects and conducted publicity activities in support of these projects. Hay and Mayo are suspected of making or causing others to make materially false and misleading statements about upcoming digital asset projects and providing false and misleading project "roadmaps."
5. Opensea’s tweet may hint at launching related tokens in the future
Opensea published a tweet quoting the Opensea Foundation, which may mean that Opensea will launch related tokens in the future. Previously, Mike Dudas, the former founder of The Block, posted a picture on Twitter showing that OpenSea is suspected to have registered the OpenSea Foundation in the Cayman Islands on August 20 this year. OpenSea data shows that since the OpenSea Foundation Official Twitter, its official NFT Gemesis floor price has risen to 0.76 ETH, an increase of 56% in the past 16 hours. In addition, the NFT has sold 698 transactions in the past hour, with a transaction volume of 48.62 ETH.
