Daily Quotes (20:29, December 25, 2024)
ChainDD's market data on December 25 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $98,044.81, up about 4.28% in 24 hours;
ETH was at $3,473.58, up about 2.35% in 24 hours;
BNB was at $705.5, up about 3.21% in 24 hours;
DOGE was at $0.3331, up about 3.32% in 24 hours;
DOT was trading at $7.45, up about 2.80% in 24 hours.
Cryptocurrency News
Opinion: If a company owns 10% or more of Bitcoin, it will bring injustice to the crypto community
Jason Calacanis, a venture capitalist who has invested in companies such as Uber and Robinhood, warned on the X platform that if a company owns 10% or more of Bitcoin, Bitcoin's reputation as a decentralized financial tool may be at risk, making people feel that Bitcoin is no longer fair. He explained: "If any one person owns too much Bitcoin, it will destroy the Bitcoin game. I think the proportion of investment in Bitcoin can be around 10%. For MicroStrategy, if they acquire too much Bitcoin, everyone in the crypto community will naturally think that they are 'working' for Michael Saylor and will be deeply dissatisfied with him, and finally they will switch to another fairer 'game'."
Report: The number of DeFi attack incidents decreased by 40% in 2024, while losses in the CeFi sector rose to $694 million.
According to the annual 'Web3 Security Report' from blockchain security company Hacken, due to protocol improvements, enhanced bridging, and more advanced security measures, losses in the DeFi sector caused by security incidents decreased by 40% from 2023 to 2024.
Meanwhile, as CEXs have become prime targets for access control vulnerabilities and other significant security risks, CeFi security incidents have more than doubled, with losses rising to $694 million. The surge in attack incidents is mainly attributed to access control vulnerabilities and notable events, such as the DMM exchange hack in the second quarter and the WazirX hack in the third quarter. These incidents involved private key leaks and multi-signature exploitations, resulting in thefts of $305 million and $230 million from the two exchanges, respectively.
Reports indicate that financial losses in DeFi significantly decreased in 2024, dropping from $787 million in 2023 to $474 million this year. Among these, losses related to bridging-related security incidents have sharply decreased from $338 million in 2023 to $114 million in 2024.
Despite improvements in DeFi, such as multi-party computation and zero-knowledge proofs, challenges remain. In fact, access control vulnerabilities account for nearly half of all DeFi losses, such as the $55 million hack of Radiant Capital.
The US Bitcoin spot ETF has seen over $1.5 billion in outflows over the past four days, setting the longest continuous outflow record since Trump's election.
Data shows that the US Bitcoin spot ETF experienced a net outflow for four consecutive days, with total outflows exceeding $1.5 billion. This marks the longest continuous outflow record since Trump's election.
Despite a net outflow again yesterday, the total assets held by all Bitcoin ETFs still reached $107.53 billion, thanks to strong price performance that day, with a daily increase of up to 6.48%. As of December 24, the four consecutive days of net outflows have reduced the cumulative net inflow to $35.68 billion.
Analysis: Ethereum's 'altcoin frenzy' may arrive in January next year.
Ethereum's relative strength against Bitcoin may rise in January next year, with analysts suggesting this could trigger an 'altcoin frenzy' for Ethereum.
According to TradingView data, the ETH/BTC exchange rate has increased by about 3.5% in the past 30 days, currently around 0.03553.
