DWF Labs received 4.9M $ELF ($25,700) 4 days ago.

ELF is an old coin, and it seems there is another wave of market activity coming.

Lido is discontinuing staking services on Polygon for the following reasons:
Low user adoption and unattractive rewards.
High maintenance costs and strategic focus on Ethereum.

Discontinued
- December 16, 2024: Stop accepting new stakes.
- December 16, 2024 - June 16, 2025: Allow withdrawals through the Lido interface.
- June 16, 2025: Discontinue support, withdrawals only through browser tools.

Lido is shifting its focus to Ethereum, similar to when Solana was previously discontinued due to poor performance. Users need to withdraw their stakes before June 16, 2025 to avoid disruption.

After Bitcoin hit a new high, two institutions transferred 23,664 $BTC (2.51 billion USD), approaching $108,000 today!

1/ Mt. Gox transferred 1,620 $BTC (172.5 million USD) in the past 6 hours.

- Of which, 1,320 $BTC was deposited into an internal wallet, and 300 $BTC was deposited into the B2C2 group.
- Since November 1, Mt. Gox has transferred 7,500 $BTC (approximately 650 million USD) to B2C2, possibly for creditor payments.
- Current holdings: 37,404 $BTC (4.02 billion USD).

2/ Bitcoin mining company Marathon Digital transferred 22,044 $BTC (2.34 billion USD) in the past 14 hours.

- These funds are spread across 40 new, unidentified wallets, and remain there to this day.
- Current holdings: 14,364 $BTC (1.54 billion USD).

Potential positive news in December, seize the opportunity to layout

$PENGU - Airdrop distribution and CEX listing
United States - Federal Open Market Committee
Bank of Japan interest rate decision
OpenAI - New company name
Opensea - New Opensea launch
$FTM - Sonic chain & $S launch
$AAVE - AAVE V4 prototype
$ENA - Ethereal DEX V1
$ENA - Ethena network release schedule
$NEAR - Open source artificial intelligence model
$SOLV - Token release
$PENDLE - Pendle Boros(v3)
$JUP - Jupiter Perps V2

Lido announced on Monday that it will stop providing staking services for Polygon and informed users that they can withdraw their funds before June 16, 2025.
Several factors prompted Lido to decide to shut down staking services for the Polygon PoS chain.

When $ETH dropped to a low of $2.3K on September 9, this smart person 0xc3d spent $6.97 million to accumulate 3,002 $ETH

2 hours ago, he just deposited 2k $ETH (about $8.01 million) into the platform, estimating a profit of about $1.04 million.

Currently, he still holds 1,005 $ETH (about $4 million)

• $BTC - MicroStrategy has additionally purchased 15,350 BTC (approximately $1.5 billion) at an average price of $100,386 per coin.

• FTX announced that it will begin repaying customers' debts according to the court-approved restructuring plan in early January 2025.

• $PENGU $CAT - Binance will list $CAT and $PENGU at 9 AM (UTC) and 2 PM (UTC) on December 17, respectively. $PENGU claims will start being accepted at 1 PM (UTC).

• $USUAL - Binance announced that pre-market trading for $USUAL will end at 9 AM (UTC) on December 17, and $USUAL spot trading will begin at 11 AM (UTC).

• $ETHFI - The Ether.fi Foundation has released a proposal to use 5% of the protocol's revenue to repurchase $ETHFI monthly and distribute it to $ETHFI stakers.

• $ZEN - Grayscale has launched a new crypto fund for $ZEN, available to qualified investors.

• Monad has announced the establishment of the Monad Foundation.

• $ENA - Ethena Labs has launched $USDtb, a stablecoin backed by BlackRock's BUIDL fund. Ethena's Risk Committee approved a proposal to enable $USDtb to serve as a supporting asset for USDe during periods of negative financing rates.

• $AVAX - Avalanche announced that Avalanche9000 is now live on the mainnet.

• $XRP - Ripple has launched $RLUSD, a stablecoin that was delayed due to approval issues. $RLUSD will be listed on global exchanges starting December 17.

$ETHBTC Breakthrough or Continue to Hesitate?

Hope this week is a good place for a breakthrough.

Dennis Porter, CEO and co-founder of the Satoshi Action Fund (an organization that works specifically with U.S. lawmakers on Bitcoin-related bills):

I can confirm that Trump is considering issuing an executive order to create a "Strategic Bitcoin Reserve."

The Treasury Department has the authority to purchase currency through the Exchange Stabilization Fund to stabilize the dollar.

Trump could use this fund to buy more Bitcoin.

6 hours ago, this whale withdrew another 100,000 $LINK ($2.95 million) from #Binance.

In the past 3 days, this whale has withdrawn a total of 529,999 $LINK ($15.5 million) from #Binance.

Data shows:
Despite Bitcoin prices exceeding $100,000, the number of 'shrimp' Bitcoin wallets (wallets holding less than 1 BTC) is expected to increase by 9%, from 323,000 to 351,000.
Retail investors continue to increase their holdings, demonstrating long-term confidence in Bitcoin.

Since Bitcoin prices reached $61,000, the number of 'shrimp' Bitcoin wallets has started to rise, increasing by 21.9% so far, indicating strong participation from retail investors.

As for long-term investors (holding BTC for more than 155 days), they have sold a total of 827,783 BTC in the past 30 days (as of December 9, 2024).

Curvefi founder Michael Egorov purchased 1.08 million $CRV (worth $1.2 million) at an average price of $1.114 over the past 3 hours!

Notably, this is his first significant $CRV buyback since his liquidation on June 13.

The price of $CRV has dropped by about 7.8% in the past 24 hours.

Tether's market value has reached 140 billion USD💸, accounting for 67% of the stablecoin market.
Ethereum now holds more than half of the USDT.
Tron follows closely behind.

Will the king of stablecoins always exist?

The supply of Tether (USDT) surged by 50 billion USD in the past year, reaching 140 billion USD.
Ethereum leads with a supply of 54.94% of USDT issuance.
Despite fierce competition, USDT still holds the position of the largest stablecoin by trading volume.

Since election day, it has attracted $10 billion, as Wall Street expects Trump to adopt a cryptocurrency-friendly policy.
Meanwhile, Peter Schiff calls for Biden to sell America's Bitcoin assets, sparking intense debate about the role of BTC as a strategic reserve.

Ripple's RLUSD stablecoin is about to launch. Will XRP soar even higher?

🔹 Fully backed by US dollars
➥ RLUSD will be 100% backed by US dollar deposits, U.S. government bonds, and other cash equivalents. This support system is designed to ensure the stablecoin's value remains stable and is not affected by fluctuations in the cryptocurrency market.

🔹 NYDFS approval
➥ RLUSD has received approval from the New York Department of Financial Services (NYDFS), which not only signifies its compliance but also means it can operate legally in New York State, which is crucial for its promotion and usage in the U.S. market.

🔹 Lightning-fast global payments
➥ RLUSD is designed as a tool to accelerate global payments. It utilizes the RippleNet network, providing faster and cheaper cross-border payment solutions than traditional banking systems.

🔹 Cross-border transactions and the power of DeFi
➥ RLUSD is not only suitable for traditional cross-border payments but will also integrate into the decentralized finance (DeFi) ecosystem. By collaborating with DeFi platforms, it is expected to drive more practical scenarios and enhance liquidity.

🔹 Enhanced utility for XRP
➥ The launch of RLUSD is seen as a strategic move to enhance the utility of XRP. Through the interaction between the stablecoin and XRP, Ripple aims to increase the application scenarios of XRP in payments and financial services.

🔹 Impact on the payment market
➥ RLUSD is expected to change the current $70 billion payment market landscape. Its introduction may challenge existing stablecoins like USDT and USDC, providing more efficient and secure payment options.

🔹 Future outlook
➥ Some believe that RLUSD is not just a stablecoin but may represent the future trend of currency. It aims to bridge traditional finance and the cryptocurrency world, providing a more seamless method of value transfer.
As for whether RLUSD can make XRP "go to the moon" (see a significant price increase), it depends on various factors, including market acceptance of RLUSD, Ripple's marketing strategy, and the overall dynamics of the cryptocurrency market. The success of RLUSD may boost the demand and price of XRP, but this also needs to be considered against the overall market response and competitive environment.
The launch of RLUSD shows Ripple's ambition to expand the influence of the Ripple ecosystem through stablecoins while bringing innovation to the global payment market. However, the true market reaction remains to be seen.
$XRP

❓ How will ETH be in the future

Whale Wallet Situation
➥ 104 wallets hold at least 100,000 ETH.
➥ These wallets hold 57.35% of the total supply, valued at approximately $33.31 billion.

Small and Medium Holders
➥ The proportion of wallets holding between 10 and 100,000 ETH has reached a historic low of only 33.46%.
➥ The proportion of wallets holding less than 100 ETH is 9.19%, the lowest point in nearly 4 years.

Market Trends
➥ The second-largest cryptocurrency by market cap (ETH) is increasingly concentrated in DeFi and staking wallets.
➥ Key stakeholders (whales) continue to accumulate ETH, which is often seen as a long-term bullish signal.
➥ Notably, the whale holding ratio of ETH, an asset with a 9-year history, has reached an all-time high.

Canadian Deputy Prime Minister 🇨🇦 Christina Freeland resigns after clashing with Trudeau over Trump tariffs.

Polymarket believes that the probability of Canadian Prime Minister Justin Trudeau losing his job by April has increased significantly to 86%. This is good news for cryptocurrencies, as the Trudeau government is very hostile to the cryptocurrency industry, and Trudeau himself has ridiculed those who invest in cryptocurrencies.

Christine Freeland is an important figure in Trudeau's government, serving as deputy prime minister since 2019 and finance minister since 2020. However, she is not a supporter of cryptocurrencies either.

Please remember that Michael Saylor shared his strategy that MicroStrategy will purchase $42 billion worth of Bitcoin over the next 3 years... In the past 35 days, MicroStrategy has purchased $17 billion worth of Bitcoin.