Author: TechFlow
Yesterday's market dynamics
Aave considers integrating Chainlink to return MEV fees to users
Aave is considering integrating Chainlink’s newly launched oracle, which aims to redirect profits from trade front-running to users of decentralized finance (DeFi) protocols, according to a proposal on the Aave governance forum.
Decentralized oracle provider Chainlink released Smart Value Recapture (SVR) yesterday, an oracle service specifically designed to capture maximum extractable value (MEV) profits and benefit DeFi protocols.
Aave estimates that SVR can capture approximately 40% of MEV profits, which can be transferred to Aave DAO to benefit users.
Hyperliquid Labs: No North Korean hacking has occurred and all user funds are recorded
According to an official announcement, Hyperliquid Labs said it was aware of reports of alleged North Korean hacker address activity. In fact, Hyperliquid has not been the victim of any North Korean hacking attack - nor has any form of attack occurred. All users' funds are recorded.
Hyperliquid Labs takes operational security very seriously. No vulnerabilities were shared by any party. Hyperliquid Labs continues to offer a robust bounty program for vulnerability reports and follows industry best practices for blockchain analysis.
Previously, someone claiming to be a secure party attempted to contact Hyperliquid Labs. To be clear, Hyperliquid has never been accused of any vulnerability. The party added a scam account to the group chat and subsequently communicated with us using insults and profanity. Given the level of professionalism displayed, Hyperliquid Labs checked with the trusted party to ensure that it was following best practices.
Grayscale announced that it has opened private subscriptions for 22 cryptocurrency trust products, covering multiple mainstream tokens and tracks such as DeFi and AI
Grayscale announced that it will open private subscriptions for 22 cryptocurrency trust products to qualified investors, including mainstream tokens such as AAVE, AVAX, LINK, SOL, XRP, and fund products in niche sectors such as DeFi and AI. Investors can subscribe based on net asset value (NAV).
The products opened this time include theme funds such as Grayscale Decentralized AI Fund (Decentralized AI Fund), Grayscale Decentralized Finance Fund (DeFi Fund), as well as single asset trusts of emerging protocols such as Bittensor, Lido DAO, and Optimism.
MicroStrategy announced that it has increased its holdings of 5,262 bitcoins, bringing its current bitcoin holdings to 444,000
Michael Saylor, founder of MicroStrategy, posted on the X platform that MicroStrategy increased its holdings of 5,262 bitcoins at a cost of $561 million, with a quarterly investment return of 47.4% and an annual return of 73.7%. So far, the company has held a total of 444,000 bitcoins.
Telegram founder: Telegram's total revenue will exceed $1 billion in 2024 and achieve profitability for the first time
Telegram founder Pavel Durov announced on his personal channel that the platform has achieved profitability for the first time three years after it was launched. In 2024, Telegram's total revenue exceeded $1 billion, and it held more than $500 million in cash reserves (excluding crypto assets) at the end of the year. The platform's core business has grown strongly, with Premium paying users increasing threefold year-on-year to 12 million, and advertising revenue increasing several times.
In terms of debt management, Telegram has issued approximately $2 billion in debt in the past four years, and has completed a partial repurchase in the fall of 2024 using the bond price advantage. The platform launched a number of innovative monetization features this year, including Stars, Gifts, Giveaways, Mini Apps, Affiliate Platform, Telegram Business, and Telegram Gateway, demonstrating a financially sustainable development model for social platforms while maintaining independence and user rights.
Binance Launchpool Lists Bio Protocol (BIO)
Binance announced the launch of the 63rd Launchpool project Bio Protocol (BIO), a content curation and liquidity protocol in the field of decentralized science (DeSci). Users can participate in the 10-day BIO token mining by locking BNB and FDUSD starting from 00:00 (UTC) on December 24.
In addition, BIO will be listed on Binance for trading at 10:00 (UTC) on January 3, 2025, opening BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading pairs, and will be marked with a seed tag.
Matrixport: The current market lacks positive news to support Ethereum's recovery, and Ethereum is expected to usher in a new opportunity for growth next year
Matrixport released today's chart, saying that the rebound of Ethereum and other Altcoin seems to be fleeting and difficult to form a sustained rise. Judging from the trend of Bitcoin's dominance rate, Bitcoin still firmly controls the market's discourse power.
The current market lacks obvious positive news to support Ethereum's continued recovery. Investor sentiment has become conservative, and Ethereum's dominance rate has fallen again. This downward trend has gradually emerged since the launch of the Ethereum ETF in early summer 2024, and even though these funds have attracted billions of dollars in inflows, they have not been able to reverse the downward trend.
For Ethereum investors, they may need to wait patiently. It is expected that in 2025, if the market environment is more favorable, Ethereum is expected to usher in a new opportunity for growth, inject confidence into the market, and reverse the current downturn.
Forbes column predicts seven major trends in the crypto industry in 2025: G7 or BRICS countries will establish strategic Bitcoin reserves, the market value of stablecoins will double to $400 billion, etc.
Leeor Shimron, a senior contributor to Forbes, released seven major trend forecasts for the crypto industry in 2025. The report pointed out that following milestone events such as the approval of the Bitcoin ETF in 2024 and the breakthrough of $100,000, the crypto industry will usher in a new round of development opportunities in 2025.
Specific predictions include: 1) The G7 or BRICS countries will establish a strategic Bitcoin reserve; 2) The market value of stablecoins will double to US$400 billion; 3) The Bitcoin DeFi ecosystem will achieve rapid growth with the help of L2 networks (such as Stacks, BOB, Babylon), and the locked volume is expected to exceed the current US$24 billion of cross-chain packaged Bitcoin; 4) Crypto ETF products will expand to tracks such as Ethereum staking and Solana; 5) Technology giants such as Apple and Microsoft may follow Tesla's example and increase their Bitcoin holdings; 6) The total market value of the crypto market will exceed US$8 trillion; 7) The improvement of the US regulatory environment will drive the revival of crypto entrepreneurship.
The report believes that with the appointment of new SEC Chairman Paul Atkins and the end of Operation Chokepoint 2.0, the United States will once again become the global center of crypto innovation. The new round of development will be driven by the entry of institutional funds, DeFi innovation and clearer regulation.
Sonic SVM launches TikTok airdrop campaign, $SONIC will be airdropped to all qualified TikTok users
SonicX, the first TikTok App Layer developed by Sonic SVM, will airdrop its native token $SONIC to all users who have registered through TikTok. Relying on Account Abstraction, TikTok users can directly experience on-chain interaction in the app and receive the airdrop on the TikTok side without having to configure a separate Web3 wallet.
Market dynamics
Recommended Reading
The report summarizes the performance of the crypto market in 2024 and predicts the development trend in 2025, mainly including the following aspects:
The macro environment is expected to provide strong support for crypto assets, with favorable factors such as the Fed’s policy shift and improved regulatory environment;
The massive influx of institutional funds, ETF issuance, and stablecoin applications have driven dramatic changes in the crypto market;
Meme coin continues to be popular, thanks to factors such as ample block space and simplified user experience;
We remain optimistic about the integration of AI and decentralized applications;
Bitcoin prices are expected to benefit from ETF inflows and gradually mature;
Ethereum is facing an identity crisis, but L2 ecosystem development is expected to become the future development direction.
Based on consumer scenarios, Japan's public chain JOC is committed to building a blockchain infrastructure that complies with Japanese laws and is secure, high-speed, and low-cost, providing enterprises and local governments with a stable, reliable, and compliant Web3 business development environment. JOC has unique advantages in compliance, resource integration, and ecological construction, and is expected to become one of the protagonists in the rapid growth of the Japanese crypto market in 2025. JOC adopts the PoA consensus mechanism to achieve efficient scalability, and will simultaneously launch its native token JOC Coin on six major exchanges on December 23, 2024, providing global investors with opportunities to participate.
What you need to know about Story Protocol
Story Protocol is a Layer 1 blockchain designed for intellectual property. It provides infrastructure support for operating intellectual property assets on the chain by providing programmable authorization, royalties, and dispute resolution functions. Story Protocol has broad application prospects in the AI application assetization scenario.
Four top investors debate: 2024 cryptocurrency market success and failure and 2025 predictions
This article records the discussions and predictions of four top investors in the industry on the development of the cryptocurrency market in 2024. They analyzed and predicted from multiple perspectives, including the biggest winner, the biggest failure, the most surprising project, the best mechanism innovation and brand transformation, and the market trend in 2025.
Cryptocurrency Market Outlook in 2025: The United States will once again become the global encryption center, and the integration of AI and encryption will be the mainstream trend
