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Seraphim Czecker, the head of growth at Ethena, has announced he is stepping down.
Czecker shared the “big personal news” in a post on X, revealing that his exit as head of growth at the synthetic dollar protocol comes after an incredible journey that has seen the project grow into one of decentralized finance ecosystem’s top platforms.
“It has been a truly incredible and rewarding journey,” he wrote. “I joined the protocol around the seed round, drove $1B+ in DeFi partnerships while making su
Genius Group Increases Its BTC Holdings By 50% to $30m
Genius Group has added to its bitcoin holdings with a significant purchase announced on Dec. 30.
The company disclosed it acquired additional Bitcoin (BTC) worth $10 million to bring its BTC treasury to 319.4 BTC, worth $30 million.
Genius bought the Bitcoin at the average price of $93,919 per BTC. The publicly-traded company’s announcement came as MicroStrategy led the latest BTC buying spree with its total holdings hitting 446,400 BTC.
Read more: Tether adds $700m Bitcoin to reserve address
Tether, the issuer of $140 billion stablecoin leader USDT, increased its Bitcoin holdings by $700 million.
Tether added 7,629 Bitcoin (BTC) alued at approximately $700 million to its corporate crypto reserve address on Dec. 30, according to transaction data from on-chain insight provider Arkham.
The (USDT) stablecoin operator now holds 82,983 BTC, worth $7.7 billion at current Bitcoin prices of $92,300. It also holds $6 billion of its U.S. dollar stable token and less than $300 million in its
Bitcoin Price Is Crashing: Technicals Point to a 20% Dip
Bitcoin price continued its strong downward trend even after MicroStrategy and Tether announced fresh acquisitions.
Bitcoin (BTC) traded near the $91,000 level on Monday, Dec. 30, down by 15% from its highest level this year, and technicals suggest that it has more downside.
This decline persisted despite MicroStrategy announced it had acquired 2,138 more Bitcoins last week, marking the eighth consecutive week of purchases and bringing its total holdings to 446,400.
Sonic Labs and Immunefi to Offer $2m Bug Bounty Program
Sonic Labs, the team behind the Ethereum Virtual Machine (EVM) layer-1 blockchain Sonic, has partnered with Immunefi, a leading bug bounty platform, to launch a $2 million bug bounty program.
In its announcement on X, Sonic Labs said it had partnered with Immunefi to offer a $2 million bug bounty program. The projects’ collaboration comes a few weeks after the Sonic mainnet launch. Several exchanges, including Binance, are supporting the 1:1 Fantom (FTM) to Sonic (S) migration.
Chainlink Price Forms Risky Pattern but Expert Predicts a Rebound in 2025
Chainlink price has suffered a big reversal in the past two weeks, but one top crypto analyst expects its price to surge in 2025.
Chainlink (LINK) dropped to $20.25 on Monday, Dec. 30, down by 35% from its highest level this year. This decline was in sync with Bitcoin and other cryptocurrencies, which have shed billions in value this month.
In an X post, Michael van de Poppe, a prominent crypto pundit with over 748,000 followers on X, said that Chainlink’s uptrend had just begun. He believes
Real Estate AI Platform Janover to Accept Crypto Payments
Janover, a publicly-traded real estate platform tapping into artificial intelligence, is set to accept Bitcoin and crypto for payments.
The Nasdaq-listed company announced on Dec. 30 that it will accept payments in Bitcoin (BTC) and top altcoins Ethereum (ETH) and Solana (SOL). Janover plans to rollout support for these payment options for a number of select services as it aligns with the evolving market.
In its press release, Janover highlighted the increasing adoption of digital assets, fuel
AI-powered market analyst AIXBT misreported FTX’s repayment size and schedule, but the agent quickly acknowledged its mistake.
The automated blockchain analyst posted that FTX would distribute $16 billion to creditors via crypto exchanges Bitgo and Kraken within 60 days of Jan. 3. However, the artificially intelligent agent misinterpreted the timeline and repayment figures.
Sunil Kavuri, a representative of the largest FTX creditor cluster, clarified that the court-approved reorganization plan
FTX Payouts Are Coming: How High Can FTT Price Get?
The FTX Token has performed well this year, significantly outperforming other cryptocurrencies as attention shifts to the impending fund distributions
FTX Token (FTT) was trading at $3.50 on Monday, marking a rise of over 245% from its September lows, and pushing its market cap to over $1.1 billion
These gains could persist into January as FTX’s bankruptcy case reaches its final stages. The upcoming phase will involve the distribution of over $16 billion in funds to creditors and customers.
HyperLiquid Enables HYPE Staking With 16 Validators
L1 network HyperLiquid has activated staking on its mainnet with an initial $8.4 billion token lock up and 16 validators.
On-chain perpetual exchange heavyweight HyperLiquid unveiled native staking for its (HYPE) token on Dec. 30, allowing holders to generate rewards for blockchain participation.
The protocol, known for its decentralized derivatives trading venue, reports $2.64 billion in 24-hour trading volume and generates over $1 million daily in fee revenue, according to DeFiLlama.
AI Companions, AGLD, Acala Prices Rise As Bitcoin Drops Below $93k
Cryptocurrencies like Ai Companions, Adventure Gold, and Acala were among the best-performing cryptocurrencies on Monday.
AI Companions (AIC), which is developing a platform for virtual companionship, rose for the second consecutive day, reaching a high of $0.1727—its highest level in over a week. AIC’s surge is attributed to ongoing momentum in the artificial intelligence sector and the anticipated growth of the virtual companionship industry, which is expected to get to $9.5 billion in 2032.
Binance Announces the Launch of Solv Protocol on Its Megadrop Platform
Binance has now introduced Solv Protocol, a Bitcoin staking protocol with aspirations to build a Bitcoin and Bitcoin-native financial ecosystem.
No other platform will be launching the SOLV tokens, and any platform claiming to be “listing” or offering SOLV tokens in advance of the launch timeline is a false advertisement, explains Binance. The details and the exact timing of trading will be announced separately. An updated, formal research report on Solv Protocol will also be published within
Hong Kong Lawmaker Wants to Add Bitcoin to National Reserves to Boost Financial Security
Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security.
According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide to add Bitcoin to the national reserve.
He argued that Hong Kong authorities could take advantage of of China’s “one country, two systems” policy to include
MicroStrategy Adds Bitcoin for 8th Consecutive Week
MicroStrategy, the software maker turned Bitcoin development company, increased its total holding to 446,400 BTC.
Executive chairman Michael Saylor teased MicroStrategy’s Bitcoin (BTC) purchase as usual via a Dec. 29 post on X. The firm’s securities disclosure filings confirmed it bought 2,138 BTC for $209 million last week.
This marks MicroStrategy’s eighth consecutive weekly Bitcoin purchase, bringing its average acquisition price to $62,428 per BTC. Since initiating its Bitcoin strategy in