Are Yield Farming and Liquidity Mining Sustainable?
TL;DR
Yield farming and liquidity mining are popular strategies in the DeFi ecosystem, promising high returns but raising doubts about their long-term sustainability.
Market volatility, impermanent loss risk, and vulnerabilities in smart contracts are factors that can negatively affect the profitability of these practices.
The lack of a clear regulatory framework increases uncertainty about the future of these strategies.
Yield farming and liquidity mining are two of the most popular strateg
Celestia Network Review: The First Modular Blockchain
Celestia is an innovative proposal that aims to address some of the most pressing challenges in the blockchain industry, such as scalability, flexibility, and decentralization. This modular blockchain offers a specialized yet adaptable approach to meet the needs of both developers and users.
Its design allows for easy integration with other chains, providing tools to create customized blockchains without the need for complex configurations or large initial resources.
Gud Tech, Zircuit’s First AI Fair Launch, Surpasses $9M in Staking Value
George Town, Grand Cayman, December 20th, 2024, Chainwire
Gud Tech, Zircuit’s first multichain AI platform for automated finance, is thrilled to announce the success of its $GUD token launch. Built on Zircuit, the AI-powered blockchain for secure DeFi and staking, $GUD is reshaping token distribution with a community-first approach, prioritizing inclusivity and decentralization.
In its first week, the $GUD launch has seen over 127M $ZRC tokens staked, locking a total of $9M USD in value. These
Bedrock Launches brBTC, Bringing New DeFi Opportunities to Bitcoin
TL;DR
Bedrock launches brBTC, a liquid restaking token marking the beginning of BTCFi 2.0, focused on maximizing returns and overcoming Bitcoin’s DeFi limitations.
BTCFi 2.0 introduces greater cohesion, Layer-2 security, and diversified strategies, integrating Bitcoin into real-world economic applications globally.
brBTC enables income generation using Bitcoin derivatives as collateral, reducing market fragmentation and expanding its initial reach.
Dubai, United Arab Emirates, December 20th, 2024, Chainwire
In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, today announced the launch of its CGPT/USDT Perpetual Contract. This latest addition expands the platform’s trading offerings while highlighting the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem.
The new perpetual contract introduces advanced trading capabilities for ChainGPT token (CGPT), offering trade
Massive Options Expiry Today: BTC and ETH Prices Plunge Further or Rebound?
TL;DR
More than $2.6 billion in Bitcoin and Ethereum options expire today, which could generate significant volatility in the prices of both cryptocurrencies and altcoins.
Bitcoin accounts for $2.02 billion of the expirations, while Ethereum represents $598.99 million.
Despite the pressure, market sentiment is optimistic, with put-to-call ratios favoring buys, suggesting expectations of price increases in the short term.
Today, the crypto market faces a massive options expiry for Bitcoin and
Hashdex and Franklin Templeton to Launch First Hybrid Bitcoin-Ethereum ETFs
TL;DR
The SEC approves the first hybrid ETFs combining Bitcoin and Ethereum, a significant step towards integrating cryptocurrencies with traditional markets.
The funds, Hashdex Nasdaq Crypto Index US and Franklin Crypto Index, will have an approximate distribution of 80% Bitcoin and 20% Ethereum.
The launch of these products is scheduled for January, and they are expected to meet the demand for diversification in the cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) h
Cathie Wood Predicts Bitcoin could go above $1 million by 2030
Cathie Wood, the influential fund manager and founder of ARK Investment Management, has once again shocked the financial world with her bold forecast about Bitcoin’s future. She claims that the cryptocurrency could surpass one million dollars by 2030. In a recent interview, Wood reiterated her extreme optimism regarding Bitcoin, emphasizing key factors like its scarcity and the supply-demand dynamics that could drive its future value.
This prediction comes in the wake of a successful year for B
Bitcoin ETFs Record Largest Daily Outflows of 2024 as Market Liquidations Top $1B
TL;DR
Bitcoin ETFs experienced their largest single-day outflows of the year, with investors withdrawing $671.9 million, coinciding with Bitcoin’s price falling below $100,000.
Over $1 billion in liquidations occurred within 24 hours, with the bulk from long positions, as Bitcoin’s price dropped to $94,073, reflecting an 8.43% decline.
The market turmoil was exacerbated by the U.S. Federal Reserve’s hawkish stance on monetary policy for 2025, leading to increased volatility and a reassessment
Crypto Hacking Losses Climb in 2024 with $2.2 Billion Stolen in 303 Incidents
TL;DR
The cryptocurrency world saw a significant increase in crypto hacking incidents in 2024, with losses reaching $2.2 billion, a 21% rise from 2023, highlighting persistent vulnerabilities and sophisticated cybercriminal tactics.
Centralized exchanges became prime targets, with notable hacks including Japan’s DMM Bitcoin exchange ($305 million) and India’s WazirX ($235 million).
North Korean hackers were responsible for $1.34 billion of the stolen funds, using advanced techniques to financ
‘Buy the Dip’ Mentions on Social Media Hit 8-Month High as Bitcoin Dips
TL;DR
Social media mentions of “buying the dip” have surged to an eight-month high as Bitcoin’s price fell below $100,000, triggering widespread discussions among investors.
Bitcoin’s price dropped to $95,500, prompting a surge in social media activity, with the social dominance score hitting its highest level since April.
Despite the price decline, search interest for “crypto” remains high, and analysts suggest that current market conditions could lead to increased volatility and potential r
Bloodbath in Crypto! Major Coins Crash as Panic Spreads: Bitcoin Falls Below $95k
TL;DR
The crypto market has experienced a severe downturn, with Bitcoin falling below $95,000, triggering widespread liquidations and significant losses across the market.
Major altcoins like Ethereum, Solana, and Dogecoin have also suffered massive losses, with the broader market seeing over $1.75 billion in liquidations.
Despite the crash, some analysts remain optimistic about the long-term prospects of cryptocurrencies, suggesting that Bitcoin could recover post-Christmas.
Grayscale Launches Sui Trust for Simplified SUI Token Exposure
TL;DR
Grayscale Investments has launched the Grayscale Sui Trust, providing institutional-grade access to the SUI token without direct ownership.
The trust, managing $12.88 million in assets, offers a simplified route for investors to participate in the SUI ecosystem, with shares tracking the SUI price minus fees and expenses.
Despite the launch, SUI’s price dropped 12% over the past 24 hours, with market capitalization at $12.09 billion and trading volume surging 108.96% to $3.1 billion.
Solv Protocol has launched the SolvBTC DeFi Vault, a tool that allows users to maximize their returns through automated strategies in the DeFi ecosystem.
The Vault offers features such as auto-compounding, which automatically reinvests the rewards generated for exponential asset growth.
The platform will facilitate access to new strategies as opportunities arise, allowing investors to continuously take advantage of the most profitable options.
Research Reveals that 60% of Tokens Launched this Year Were Malicious
Key points of the news:
In 2024, 59% of the crypto tokens launched were malicious, with “rug-pull scams” representing 27% of these frauds.
The rise of “memecoins,” with 10 reaching a market capitalization of over a billion dollars, has fueled the proliferation of scams.
Despite the increase in malicious cryptocurrencies, losses from frauds and hacks decreased significantly, from $5.6 billion in 2023 to $1.4 billion in 2024.
In 2024, the number of malicious crypto tokens launched on the marke
Acurast Unveils Processor Lite for iOS: Empowering iPhone Users to Join the DePIN Cloud Rebellion...
Zug, Switzerland, December 19th, 2024, Chainwire
Acurast, a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store. This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return.
By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to