AndrewBTC⏰What happened in Crypto in the last ~72h:
- Bank of Japan Set to Hike Rates to 30-Year High
- Hyperliquid Introduces Portfolio Margin
- $LIGHTER Coinbase Roadmap
- $US, $CYS, $RAVE Binance Perpetual Listing
- $HAR Will Be Listed on Hyperliquid on Dec 18
- $DBR Introduces deBridge Bundles
- $PYTH Launches Token Buyback Program
- Phantom Introduces Prediction Market Powered by Kalshi
- $FOGO Cancels $20M Pre-Sale
- $KMNO Rebranded
- Firedance is Now Live on Solana
- $IP Big News Week
- Tether Plans to Raise Up to $20B at a $500B Valuation
- YO Labs Raised $10M Series A Round Led by Foundation Capital
- $AEVO's legacy Ribbon DOV vaults exploited for $2.7 million
- YouTube Launches Stablecoin Payout Option for U.S. creators through PayPal
• The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec 19, would take Japanese interest rates to their highest level in roughly 30 years.
• $HYPE - The Hyperliquid blockchain will introduce portfolio margin in an upcoming network upgrade. This feature is live on testnet in pre-alpha mode. Under portfolio margin, a user’s spot and perps trading are unified for greater capital efficiency. Furthermore, portfolio margin accounts automatically earn yield on all borrowable assets not actively used for trading.
• $LIGHTER - Coinbase has announced that Lighter (LIGHTER) has been added to Coinbase Roadmap, and the launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure.
• $US, $CYS, $RAVE - Binance has announced that @TalusNetwork, @cysic_xyz and @RaveDAO , $USUSDT, $CYSUSDT and $RAVEUSDT Perpetual Contract will be listed on Binance Future on Dec 12, 10:45 UTC+0, Dec 12, 11:00 UTC+0 and Dec 14, 15:30 UTC+0 respectively.
• $HAR, $HYPE - The Harmonix TGE will launch on Hyperliquid at 11:00 AM UTC on Dec 18. $HAR will serve as a key component in the upcoming Convertible Bonds model, aimed at accumulating $HYPE and generating revenue for $HAR stakers. Eligible users will receive their $HAR allocations directly on Hyperliquid, with final balances disclosed at launch.
• $DBR - @debridge has introduced a new intent-based execution model called 'deBridge Bundles', allowing users to sign a single intent specifying their desired outcome while the protocol automatically manages all underlying blockchain transactions, gas, and operations.
• $PYTH - @PythNetwork has launched a token buyback program that will deploy 33% of its DAO treasury balance each month to purchase $PYTH on the open market, starting this month. The buybacks are funded by network revenue and come as Pyth reports rising traction, with its Pyth Pro data product surpassing $1M in ARR in its first month.
• @phantom has introduced in-wallet prediction markets, enabling users to trade on real-world event outcomes directly inside the wallet through an integration with @Kalshi . Users purchase outcome tokens linked to specific events and, once results are finalized, these tokens automatically settle into stablecoins.
• $FOGO - @fogo , an experimental Layer 1 blockchain built using the Solana Virtual Machine, is cancelling a previously announced token pre-sale ahead of its mainnet launch in January. Instead, the project now plans to airdrop the tokens rather than sell them. “The original goal of the presale was broad distribution to the current users and loyalists, but we determined there are better ways to do that while we focus on the launch of public mainnet,” Fogo Foundation Director Robert Sagurton told.
• $KMNO - @kamino is evolving from a Solana lending protocol into institutional finance infrastructure, announcing six products: Fixed Rates with FalconX, Borrow Intents, Off-Chain Collateral via Chainlink and Anchorage, Private Credit USDC Vault, RWA DEX, and BuildKit APIs.
• Firedancer, Solana's high-performance validator client developed by Jump Crypto, is now live on Mainnet after 3 years of development and has successfully produced 50,000 blocks over 100 days on select validators.
• $IP - @StoryProtocol posted on X that next week will bring big news for AI x IP enthusiasts.
• @Tether_to plans to raise up to $20B in a share sale that would value the company at around $500B, and is exploring ways to provide liquidity to investors after blocking some existing shareholders from selling their stakes. As part of this, the company is considering share buybacks and potentially tokenizing its equity on-chain once the deal is complete, which would make Tether one of the largest companies to bring its shares onto a blockchain
• YO Labs has raised $10M in Series A funding led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital, to accelerate its unified, risk-optimized yield platform for next-gen crypto and fintech apps.
• @aevoxyz 's legacy Ribbon Finance smart contracts were exploited for approximately $2.7M on Dec 12, after an oracle infrastructure upgrade inadvertently enabled price manipulation, according to blockchain security researchers. The attack targeted Ribbon's DeFi Options Vaults (DOV), which are structured products that once held over $300M in total value locked during DeFi's peak.
• YouTube now lets U.S. creators receive their earnings in PayPal’s stablecoin, PYUSD, instead of fiat money. Creators can choose PYUSD as their payout method, with PayPal handling all settlements and transfers in the background.
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