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Velodrome Finance (VELO) has surged nearly 90% following its listing on Binance, the world's largest crypto exchange. Users can now access VELO through various Binance services, with trading set to begin on December 16th. Velodrome, a leading decentralized exchange on the Optimism blockchain, has also inspired a successful fork, Aerodrome Finance, backed by significant investment from Coinbase.
Sui blockchain has partnered with Ant Digital to tokenize real-world assets, focusing on environmental, social, and governance (ESG) initiatives. Their first project involves listing assets from a top-ranked Chinese solar material manufacturer. Ant Digital aims to enhance the development of the real economy through advanced technical services, leveraging its ZAN brand for the issuance and management of tokenized assets.
Matrixport forecasts Bitcoin could reach $160,000 by 2025, driven by increased institutional adoption and favorable macroeconomic conditions. The firm highlights a potential turning point as Bitcoin approaches an "8% adoption threshold," suggesting its transition to a core financial asset. With a growing base of institutional support, the outlook remains bullish, indicating a transformative year ahead for Bitcoin.
Stabull Finance has launched a decentralized platform on Ethereum and Polygon, offering an alternative to traditional FX and commodity swaps. After six months of beta testing, it now supports tokenized gold and eleven fiat-backed stablecoins, aiming to enhance on-chain trading efficiency and liquidity for non-USD currencies. The platform addresses challenges faced by existing automated market makers, promising improved capital efficiency and price discovery for liquidity providers and traders.
GRIFFAIN serves as a platform for trading Blink tokens and managing digital assets through AI agents, allowing users to create NFTs and check wallet balances. Meanwhile, Velodrome Finance's VELO token surged 104.22% after its Binance listing, reaching a market cap of over $282 million, while the Blinkdot meme coin, created by GRIFFAIN's founder, soared 205% to nearly $50 million in market cap.
Astar Network has launched Astar Surge, a Pre-Deposit Campaign starting December 18, allowing ASTR holders to earn rewards by depositing tokens into contracts on Astar’s Layer 1 network. Participants will accumulate points for Soneium dApps, redeemable for project tokens during Token Generation Events, enhancing liquidity and visibility ahead of Soneium's mainnet launch. Security is prioritized with audited contracts, ensuring users retain ownership of their assets throughout the process.
Binance has announced a strategic partnership with Circle to enhance the adoption of USDC, the dollar-pegged stablecoin. This collaboration will increase USDC's availability across Binance's products, allowing users to trade, save, and make payments with the stablecoin. Additionally, Binance plans to integrate USDC into its corporate treasury, marking a significant shift towards on-chain financial operations.
KAST, a financial technology platform leveraging stablecoins, has raised $10 million in seed funding led by HSG and Peak XV Partners. The platform aims to enhance the banking experience globally, offering USD-denominated accounts and payment cards in over 150 countries, facilitating faster and cheaper transactions without relying on traditional fiat systems. Co-founders Raagulan Pathy and Daniel Bertoli emphasize the transformative potential of stablecoins in creating a new generation of neobanks that are inherently global.
Ronin has launched Chainlink's Cross-Chain Interoperability Protocol (CCIP), enhancing asset transfers between Ethereum and Ronin while phasing out its legacy bridge by January 2025. This integration aims to boost security and attract developers to create innovative gaming and decentralized applications. With new bridge lanes established, Ronin is set to strengthen its position as a leading gaming blockchain.
Pi Network has surpassed Binance in user numbers in South Korea, boasting 1.34 million users, while the exchange has fewer. The project, which allows smartphone mining, is nearing the launch of its open mainnet, pending final verifications, with 14 million users already meeting requirements. The deadline for the remaining verifications is set for December 31.
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