Autor: Deep Chao TechFlow
A dinâmica do mercado de ontem
Framework Ventures prevê que jogos e inteligência artificial se tornarão os maiores campos verticais em 2025
Em 19 de dezembro, os cofundadores da Framework Ventures divulgaram previsões para 2025, incluindo:
As entradas de ETF Ethereum e Bitcoin se estabilizaram, impulsionadas pelo lançamento de ETFs fundidos, com média de US$ 1 bilhão por dia cada no segundo semestre
A contínua temporada de imitadores emerge
Em termos de MAUs/DAUs, jogos x inteligência artificial se tornaram o maior campo vertical
Energy DePIN, liderado por Glow e Daylight, no mesmo nível do DeFi de primeira linha em taxas
Meme coins have evolved into different categories (temporary, AI-driven, factory-produced, high market cap), causing more decentralization
The total fees for DeFi will reach $10 billion annually
Large banks begin tokenization, paving the way to eliminate massive waste in the US financial system
Other crypto ETFs aside from BTC/ETH postponed to 2026
MicroStrategy may turn to fixed-income securities in the future to raise funds for purchasing Bitcoin
According to Bloomberg, MicroStrategy co-founder and chairman Michael Saylor stated that once the current fundraising plan is exhausted, the company will focus more on fixed-income securities to raise funds for purchasing cryptocurrency.
When asked about the source of funds for future cryptocurrency purchases, Saylor stated that so far, MicroStrategy has been using a mix of new stock and selling convertible bonds to fund purchases, and as the company's stock price rises back towards the price of convertible bonds, holders of convertible bonds have also received returns.
Kelp DAO announces KERNEL token economics, with a total supply of 20% allocated for airdrops
Ethereum liquidity re-staking platform Kelp DAO announces KERNEL token economics. 55% will be allocated to community rewards and airdrops (20% for airdrops, 35% for future community rewards), 5% will be allocated to ecosystems and partners, 20% will be for private sales, and 20% will be allocated to the team and advisors.
In addition, 20% of the tokens for the airdrop will be distributed over 3 airdrop seasons. The first airdrop season (10% of total supply) snapshot date is December 31, 2024; the second airdrop season (5% of total supply) will be from January 1, 2025, to April 30, 2025, with an additional 15% loyalty reward for those who re-stake before January 15, 2025; the remaining 5% of the airdrop plan is pending.
The Federal Reserve cuts interest rates by 25 basis points, Powell states that the Federal Reserve is not allowed to hold Bitcoin
On December 19, the Federal Reserve announced its latest interest rate decision, cutting rates by 25 basis points as expected, with the federal funds rate target range lowered to 4.25%-4.5%. The Federal Reserve announced an upper limit for the interest rate decision at 4.50%, with a forecast of 4.50%, and a previous value of 4.75%. According to the Federal Reserve's statement, recent data shows that economic activity is growing steadily, the labor market is easing, the unemployment rate has risen but remains low, and inflation is close to target but has slightly increased. The committee will continue to reduce the balance sheet, with the decision receiving majority support from members, while Beth Harmack opposed, advocating to maintain rates at 4.5%-4.75%.
Powell stated at the press conference that we are not allowed to hold Bitcoin and do not want to change the law.
US stocks close: Nasdaq plummets 3.5%, Dow Jones sets record for longest single-day consecutive decline in 50 years
On December 19, US stocks closed Wednesday with the Dow down 2.58%, setting a record for the longest single-day consecutive decline since 1974 (the 10th consecutive trading day down); the S&P 500 index fell 2.95%, and the Nasdaq fell 3.6%. Tesla (TSLA.O) dropped 8.28%, NVIDIA (NVDA.O) fell 1.14%. The fear index VIX surged as much as 78.0% during the day, and after the US stock market closed, it temporarily reported 28.32.
Trump family crypto project WLFI announces a strategic partnership with Ethena Labs, planning to integrate sUSDe into its protocol
The DeFi platform World Liberty Financial (WLFI), supported by the Trump family, announced a long-term strategic partnership with Ethena Labs. As the first project of the collaboration, WLFI plans to integrate Ethena's yield-bearing token sUSDe into its protocol, with a related proposal to be submitted for governance voting this week.
WLFI co-founder Zak Folkman stated that the collaboration with Ethena Labs will help the platform further achieve inclusive financial goals. It is reported that WLFI has purchased $600,000 worth of ENA tokens, demonstrating long-term confidence in the Ethena network. The two parties plan to use sUSDe as WLFI's first collateral asset in the Aave protocol. Even if the governance vote does not pass, the two companies will continue to explore other cooperation opportunities.
Bitwise: RWA tokenization will become the main driving force for Ethereum's recovery in 2025
Bitwise senior investment strategist Juan Leon released the latest weekly report pointing out that Ethereum will experience a strong rebound in 2025, with the biggest driving force coming from the tokenization of physical assets (RWA). Data shows that Ethereum currently holds an 81% market share in the tokenized asset market.
The report emphasizes that the global physical asset market is approximately $100 trillion in size, and with institutions like BlackRock and UBS actively positioning, tokenized fund assets are expected to double by 2025. Currently, Ethereum's annual total fee income is $2.4 billion, while future physical asset-related fees may exceed $100 billion. Although Ethereum's increase this year is 66%, lower than Bitcoin's 130% and Solana's 106%, in the past 10 days, spot ETFs have attracted a net inflow of $2 billion.
Sonic Labs announces the official launch of the mainnet
Layer1 blockchain project Sonic Labs (formerly Fantom) announces the official launch of the mainnet. The network supports EVM compatibility, achieving a processing capacity of 10,000 transactions per second and sub-second confirmation, and provides a native decentralized gateway to Ethereum. FTM holders can now upgrade their tokens to Sonic network tokens S at a 1:1 ratio through the upgrade portal. This upgrade channel will be open for two-way exchange within 90 days after the mainnet launch, after which only FTM will be supported for one-way upgrades to S.
Grayscale updates DeFi fund holding data: UNI accounts for 55.84%, AAVE accounts for 24.54%
Grayscale's latest disclosure shows that as of December 17, its DeFi fund (DEFG) manages the following 5 tokens:
DEX leader Uniswap (UNI) holding ratio is 55.84%;
Lending protocol Aave (AAVE) holding ratio is 24.54%;
Liquid staking protocol Lido DAO (LDO) holding ratio is 8.43%;
Decentralized stablecoin protocol Maker (MKR) holding ratio is 7.17%;
Synthetic asset protocol Synthetix (SNX) holding ratio is 4.02%.
This fund, as one of the first pure DeFi investment securities, uses securitization to avoid the challenges of users directly purchasing, storing, and safeguarding crypto assets. The value of fund shares is calculated based on the digital asset reference exchange rates and weights of DFX index component assets, deducting fund fees and liabilities. Investors can trade in the over-the-counter market through traditional brokerage accounts.
Market dynamics
Recommended reading
The GPU involution under the AI wave: How will Spheron break through with efficiency and flexibility as the mainnet approaches?
Spheron focuses on the decentralized computing power market, integrating global GPU resources and achieving efficient matching of supply and demand, supporting various AI, gaming, and DeFi products developed based on GPU to bring a wave of decentralized innovation. Spheron has made breakthrough progress in ecological development and technological realization, with promising growth prospects.
Arthur Hayes new article: The best investment strategy under Trump's policies is to hold Bitcoin, and the bull market should buy the dip to seize opportunities
This article explores the profound impact that Trump's election may have on the global monetary system and political landscape. The author believes that after Trump takes office, he will implement multiple measures, such as weakening the dollar, supporting the re-industrialization of manufacturing, and reshaping America's geopolitical dominance. These changes could trigger a significant increase in the supply of fiat currency and an escalation of financial repression policies, thereby driving up the prices of cryptocurrencies like Bitcoin. Meanwhile, major economies like China, the EU, and Japan will also take corresponding measures. The article also analyzes the impact of these policy changes on global investors.
IOSG founder: How does Usual rebound from adversity?
The IOSG team conducted detailed due diligence on the Usual project and was attracted by the vision and execution of its founder, ultimately deciding to make a significant investment.
During the financing process, Usual faced a lot of 'non-recognition' from investment institutions, but IOSG insisted on support and eventually completed the financing with other like-minded investors.
After the investment, the execution of the Usual team exceeded IOSG's expectations, and they actively helped Usual expand its community and ecosystem.
How to layout the Abstract airdrop closely related to Fat Penguin?
Fat Penguin's parent company launches consumer-facing L2 public chain Abstract, with mainnet going live in January next year and airdrop planned.
Abstract aims to become the leading consumer crypto chain by focusing on culture, community, and supporting builders. It will also improve the user onboarding experience through a unified wallet.
Users can earn Abstract points through various means, including connecting wallets, social tasks, minting NFTs, etc.
Placeholder discusses the dilemma of crypto entrepreneurs: to stick to purism or go with the flow?
This article discusses the dilemmas faced by the cryptocurrency industry: seeking a balance between maintaining the revolutionary principles of blockchain technology and promoting regulatory compliance.
