27 December 2024
Macro/TradFi
MicroStrategy has acquired 5,262 BTC for US$561M at US$106,662 per bitcoin.
Japanese investment firm Metaplanet Inc. bought an additional 619.7 BTC for JPY9.5B (US$60.6M) at an average purchase price of JPY15.3M (US$97,786) per bitcoin, boosting the company’s total holdings to 1,761.98 BTC.
Floki intends to launch an exchange-traded product (ETP) based on its FLOKI token on Switzerland’s SIX Swiss Exchange in early Q1 2025.
Crypto
L1/L2:
BNB Chain has released its 2024 Annual Report. Key highlights include the network consolidation under the 'One BNB' multichain strategy, advancements in opBNB and Greenfield, and a focus on enabling BNB Chain as an AI-first chain.
Unichain, a DeFi-focused Layer 2 developed by Uniswap, is anticipated to launch its public mainnet in early 2025.
Sonic Labs has launched FTM to S token swaps on the official Sonic Gateway.
L1 blockchain Injective and decentralised cloud infrastructure provider Aethir have teamed up to launch a new initiative to tokenize GPU compute resources.
DeFi
Aave and Lido have surpassed the US$70B mark in total net deposits for the first time.
Stablecoins:
Securitize has put forward a governance proposal to use BlackRock’s BUIDL tokenized money market fund as collateral for the Frax USD stablecoin.
Others:
According to CoinGecko, meme coins captured the most attention in the crypto space this year, with nearly one-third of investor interest directed towards them.
The Wormhole DAO will go live in Q1 2025.
Solana-based Agridex has completed its first on-chain coffee trade. The UK’s Tiki Tonga Coffee exported coffee to South Africa, with the payment made in South African rands and settled in British pounds on the Agridex blockchain.
Russia has announced a 6-year ban on cryptocurrency mining in 10 regions, citing energy shortages.
The Philippines has introduced extensive crypto rules on disclosure, public offering, trading, and marketing activities.
Turkey will implement new crypto AML regulations that mandate users trading over 15,000 Turkish liras (US$425) to submit their information to cryptocurrency service providers.
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About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
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