The forecast for the historical maximum of Ethereum has fallen to 13% on Polymarket
AI Overview
According to BlockBeats, the probability that Ethereum will reach a new historical maximum (ATH) this year has significantly decreased on the prediction platform Polymarket. As of December 18, the probability that Ethereum will not reach ATH in 2024 has risen to 87%, while the probability that it will set a new record high has dropped to just 13%.
This shift in forecasts occurred after a noticeable change in market sentiment earlier this month. On December 7, the probability of Ethereum reaching ATH rose to 41% due to the prevailing market conditions at that time. However, since then, this optimism has waned, reflecting more cautious views among market participants.
The total amount of money involved in these predictions has reached $10,195,803, indicating significant interest and investment in the outcome of Ethereum's price movement. This substantial participation underscores the importance of Ethereum's performance in the broader cryptocurrency market and the attention it attracts from both investors and traders.
#ETH

Bitcoin (BTC) has exceeded 107,000 USDT, increasing by 1.66% in the last 24 hours
December 17, 2024, 07:25 (UTC). According to Binance Market Data, Bitcoin surpassed the mark of 107,000 USDT and is currently trading at 107,019.476563 USDT, with a slight increase of 1.66% in the last 24 hours.
#BTC

Nirvana Finance files compensation lawsuits and launches Nirvana V2
AI Overview
According to Odaily, Nirvana Finance announced on platform X that it has filed lawsuits for compensation and launched Nirvana V2. Initial ANA token holders now have the opportunity to experience the application before others.
Earlier, on April 12, former security engineer Shakib Ahmed attacked Nirvana Finance using a vulnerability in its smart contract. This allowed him to buy cryptocurrency at prices below those set by the contract and sell it back to Nirvana at higher prices. As a result, Ahmed managed to steal about $3.6 million from Nirvana, leading to the platform's closure shortly after the hack.

Avalanche Unveils Major Upgrade with Avalanche9000
AI Review
On Monday, Layer1 blockchain Avalanche announced the launch of its major upgrade Avalanche9000, according to Odaily. The upgrade introduces several new features aimed at simplifying the process of launching “subnet” blockchains and reducing the costs associated with running smart contracts. Avalanche9000 is described as the largest upgrade the network has undertaken to date.
The upgrade includes improvement proposals ACP-77, which changes how validators work, and ACP-125, which reduces base fees on the Avalanche mainnet 'C-Chain'. The team said at X that this marks the start of the launch of hundreds of Avalanche Layer1. Avalanche9000 has reduced the cost of deploying Layer1 by 99.9%, and with hundreds of Layer1s in the pipeline on testnet, launches are expected to explode in the coming months.
#AVAX

LayerZero launches Vana, enabling cross-chain interaction
AI Overview
According to Odaily, LayerZero has announced the launch of Vana, a development that significantly enhances cross-chain interaction. With the integration of LayerZero, Vana can now connect to over 90 different blockchains, facilitating seamless token transfers, application deployments, and data requests. This achievement marks a significant step forward in blockchain technology, offering users a more integrated and efficient experience.
Additionally, the native gas token #Vana, VANA, has been included in the LayerZero OFT standard. This integration allows VANA holders to transfer assets across eight different chains on Stargate, expanding the mobility and accessibility of assets. The ability to move assets across multiple chains frictionlessly is expected to attract more users and developers to the platform, enhancing its utility and adoption within the blockchain ecosystem.

word of the day

Ethena Labs introduces the USDtb stablecoin, backed by BlackRock BUIDL
AI Overview
According to Foresight News, Ethena Labs has announced the launch of its new USDtb stablecoin product, which is backed by BlackRock BUIDL. The USDtb stablecoin shares similar characteristics with existing fiat-backed stablecoins such as USDC and USDT. It is backed by reserves of cash or cash equivalents at a 1:1 ratio for each token issued. This ensures that the value of USDtb remains stable and pegged to the US dollar.
USDtb users can freely and without any restrictions transfer stablecoins, providing a flexible and reliable option for transactions. The introduction of USDtb aims to offer a safe and efficient means of exchanging digital currency, utilizing the support of BlackRock BUIDL to enhance the trust and stability of the product. Ethena Labs' step to introduce USDtb reflects the growing demand for stablecoins in the digital currency market, as they provide a bridge between traditional fiat currencies and the digital asset ecosystem.

The creator of Bitcoin, Satoshi Nakamoto, has entered the ranks of the world's richest people
AI Overview
According to PANews, the anonymous creator of Bitcoin, Satoshi Nakamoto, has risen to 16th place on the list of the world's richest people. This event followed a sharp increase in the price of Bitcoin, which reached $106,000, consequently raising Nakamoto's estimated personal fortune to $106 billion. This financial milestone places Nakamoto above well-known figures like Michael Bloomberg in terms of global wealth ranking.
The rise in the value of Bitcoin has significantly impacted Nakamoto's financial position, considering that the creator is believed to own a substantial amount of Bitcoins. This wealth increase underscores the growing influence and acceptance of cryptocurrencies in the global financial landscape. Nakamoto's identity remains a mystery, adding an intriguing element to the narrative of wealth accumulation through digital currencies. As Bitcoin continues to gain traction, the financial implications for its early followers and creators become increasingly significant.
#BTC
+2.82%

Significant liquidations are observed in the cryptocurrency market
AI Overview
According to PANews, the latest data from Coinglass shows that there have been substantial liquidations in the cryptocurrency market amounting to $199 million in the last 24 hours. Of this amount, long positions accounted for $129 million, while short positions faced liquidations totaling $70.39 million.
The total amount of Bitcoin (BTC) liquidations was $26 million, while Ethereum (ETH) liquidations reached $28.67 million. These figures highlight the volatility and rapid changes occurring in the cryptocurrency market, which significantly impacts both long and short positions.
#BTC
#ETH
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#ETH
3,907.07
+1.12%
#BTC
103,028.01
+1.71%
10.7k

Why invest in BNB?
Strong support from Binance: Binance is one of the largest cryptocurrency exchanges in the world, and BNB is closely tied to its success. The Binance team is actively developing the ecosystem, improving technologies, and attracting new users, which contributes to the growing demand for $BNB

Usage in Binance Smart Chain (BSC): BNB is the main currency for transactions in Binance Smart Chain, making it an important element for DeFi projects, NFTs, token exchanges, and other applications. The more successes BSC achieves, the higher the demand for BNB. #BNB

maybe someone can suggest what the word is here?