December 18, 2024

Ohio Follows Pennsylvania, Texas in Pursuing State-Level Bitcoin Reserves

Ohio State Representative Derek Merrin has introduced House Bill 703, known as the Ohio Bitcoin Reserve Act, in a bid to authorize the state treasurer to invest public funds in BTC. The latest initiative is announced as part of Merrin’s broader vision to leverage innovative financial solutions. The legislation provides the framework for Ohio to...
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Sophon Mainnet Goes Live with $500M TVL and Strategic Industry Collaborations

[PRESS RELEASE – Dubai, India, December 18th, 2024] Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA. With over $500M in Total Value Locked (TVL) through the Sophon farming program, and a growing ecosystem of established partners, Sophon is paving the way for scalable, consumer-focused blockchain applications. The launch...
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dTRINITY Launches Subsidized Stablecoin Lending Protocol on Fraxtal L2

[PRESS RELEASE – Singapore, Singapore, December 18th, 2024] dTRINITY, a next-generation stablecoin liquidity protocol, has announced its mainnet debut on the Fraxtal L2 network. The platform is designed to lower interest expenses and improve yields for stablecoin users, addressing the key challenge of rising credit costs in DeFi. At the core of dTRINITY is a...
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Tether (USDT) Inflows Surge as Stablecoin ‘Fuel’ Powers Crypto Bull Rally

Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for...
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Crypto May Face a Major Downtrend Around Trump’s Inauguration: Arthur Hayes

The ongoing bullish crypto market trends triggered by Donald Trump’s recent presidential election victory may be shortlived, according to Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX. In his latest article, Hayes noted that the crypto market may face a significant downtrend around January 20th, the same day Trump will be inaugurated...
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Coinbase Fights Back Against BiT Global Lawsuit Over WBTC Delisting

Coinbase has issued a rebuttal to a lawsuit by BiT Global, a Justin Sun-affiliated entity, challenging the exchange’s decision to delist Wrapped Bitcoin (WBTC). Paul Grewal, the firm’s Chief Legal Officer, announced the filing on X, saying that his company had offered its response to BiT Global’s effort to stop the delisting of WBTC before...
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Solaxy Launches Presale For First Solana Layer 2 Blockchain, Raises $1.1M in Past 24 Hours

New Solana layer 2 blockchain Solaxy ($SOL) has raised $1.1 million in the past 24 hours, taking its total raise to $1.7 million.  The presale started just five days ago, showing a considerable appetite for this new project among investors. It’s currently available to buy at a price of $0.001566, but this will rise throughout...
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SatLayer Bitcoin Restaking Integration Set to Ignite BTCfi on Sui

[PRESS RELEASE – Grand Cayman, Cayman Islands, December 18th, 2024] Sui developers can soon integrate Bitcoin’s security and liquidity into their apps, with many of Sui’s top protocols on board  Sui is rapidly moving in on Bitcoin DeFi (BTCfi). After announcing that Bitcoin staking was coming to Sui, the Layer 1 blockchain delivering unparalleled performance...
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SIDUS HEROES Expands Blockchain Gaming Ecosystem with Immersive Metaverse and Strategic Gameplay

[PRESS RELEASE – Dubai, UAE, December 18th, 2024] SIDUS HEROES is revolutionizing the blockchain gaming industry with its expansive space-themed metaverse ecosystem, designed to provide players with a deeply immersive gaming experience. By merging cutting-edge blockchain technology with dynamic storytelling, the platform creates opportunities for users to engage in interplanetary exploration, manage resources, and connect...
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Pudgy Penguins’ PENGU Token, NFTs Suffer Major Price Dip Post-Airdrop

PENGU, the newly-launched cryptocurrency of the Pudgy Penguins ecosystem, suffered a sharp decline in value a day after it went live. At the time of writing, data from CoinGecko showed that the token had fallen by 57.8% within 24 hours to settle at $0.02892. Airdrop Aftermath The highly-anticipated airdrop launched on December 17 saw about...
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Silencio Network Secures an Additional $2.5 Million in Seed Funding to Scale the World’s Leading Noise Intelligence Platform

[PRESS RELEASE – Wilmington, Delaware, December 18th, 2024] Silencio Network, the world’s largest decentralized environmental intelligence platform, has successfully closed a $2.5 million Seed funding round, solidifying its position as the leading innovator in decentralized infrastructure. Led by Blockchange Ventures, this round brings together continued support from Borderless Capital and Master Ventures, alongside new strategic...
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BYDFi lists $WAN – The Original Blockchain Interoperability Solution with Market Cap Reaching $59.2 Million

[PRESS RELEASE – Mahe, Seychelles, December 18th, 2024] Wanchain’s platform native token, $WAN, has been officially listed on the BYDFi crypto exchange. Users can now buy, sell, and manage $WAN through the BYDFi platform. Wanchain is the first decentralized blockchain interoperability solution in the world. It helps anyone to move their assets across 39 blockchains...
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Metaplanet Establishes Bitcoin Treasury Operations as Official Business Line

Japanese-listed company Metaplanet announced on December 18 that it will formally run Bitcoin Treasury Operations as a new business line. This move, approved by the firm’s board of directors, is part of its broader strategy to integrate Bitcoin into its financial framework. Details of the New Venture The announcement, shared in a post on X,...
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MINGO, Hedera-Based Wallet, Sets Sights on the Global Ticketing Industry

[PRESS RELEASE – Kingstown, St. Vincent and the Grenadines, December 17th, 2024] MINGO, a digital wallet built on the Hedera Hashgraph network, introduces an NFT-based Programmable Digital Ticketing (PDT) system to innovate the ticketing industry. By addressing critical issues such as fraud, scalping, and resale inefficiencies, MINGO delivers a secure and transparent solution trusted by...
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Here’s When FTX’s Court-Approved Chapter 11 Plan Will Take Effect

FTX and its affiliated debtors have announced that their Chapter 11 reorganization plan will officially take effect on January 3, 2025. This day has also been designated as the initial distribution record date for those holding allowed claims in the plan’s convenience classes. Distribution Details According to a press release, payments for these claims are...
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Ethena Labs Launches USDtb, Backed by BlackRock’s BUIDL Fund

Ethena Labs officially launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), on December 16th. Developed in partnership with Securitize, USDtb is designed to operate like existing fiat-backed stablecoins such as USDC and USDT, with reserves invested in cash or cash-equivalent assets to maintain a 1:1 value ratio. USDtb Debuts...
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Bitcoin (BTC) $ 96,711.85 1.80%
Ethereum (ETH) $ 2,718.02 5.55%
XRP (XRP) $ 2.48 3.63%
Tether (USDT) $ 0.999834 0.05%
BNB (BNB) $ 716.04 13.89%
Solana (SOL) $ 196.52 1.31%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.263547 5.26%
Cardano (ADA) $ 0.781325 3.21%
Lido Staked Ether (STETH) $ 2,731.95 5.56%
Bitcoin (BTC) $ 96,711.85 1.80%
Ethereum (ETH) $ 2,718.02 5.55%
XRP (XRP) $ 2.48 3.63%
Tether (USDT) $ 0.999834 0.05%
BNB (BNB) $ 716.04 13.89%
Solana (SOL) $ 196.52 1.31%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.263547 5.26%
Cardano (ADA) $ 0.781325 3.21%
Lido Staked Ether (STETH) $ 2,731.95 5.56%