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📉In November 2024, the cryptocurrency sector experienced a notable decline in venture capital (VC) investments, with total funding dropping to $449 million, a 43.66% decrease from October's $797 million
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Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars
Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during this bullish wave.
Their rising activity highlights the increasing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities.
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Sonic hits 100K wallets and 17m transactions after testnet launch
Sonic, Solana’s first gaming L2 infrastructure platform, has reached two major milestones just days after the platform’s testnet launch.
On Thursday, Sonic revealed that its network had recorded more than 100,000 unique wallets and seen over 17 million transactions processed – all within a week of its Sonic Testnet Odyssey going live.
The Sonic team posted on X just 36 hours into the testnet launch, providing details that the protocol had surpassed 45,000 wallets and over 3.2 million transactions.
Commenting on the milestone and surge to today’s numbers, the Sonic team said it’s a testament to the massive demand as well potential of the Sonic protocol.
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Bitcoin poised for growth amid Trump policies and economic optimism – Fundstrat’s Tom Lee
Bitcoin (BTC) is poised for continued growth amid supportive economic trends and political policies, according to Fundstrat Global Advisors managing partner Thomas Lee.
Speaking during a CNBC interview on Nov. 18, Lee highlighted the flagship crypto’s resilience in the face of market uncertainty, predicting sustained momentum as key market and policy developments unfold.
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With advanced sequential execution and compression algorithms, it’s perfect for powering real-time applications in gaming, social, metaverses, finance, and more—all fully on-chain ⚡️
Now, with the launch of the Somnia Devnet, the future of mass-consumer blockchain applications is here!
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Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion
Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, in a deal that boosts the firm’s total assets under management (AUM) to over $10 billion, according to a Nov. 13 press release.
The acquisition allows Bitwise to add Ethereum staking to its lineup of exchange-traded products, private funds, and hedge fund solutions.
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Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra.
These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.
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Ramaswamy's Strive launches wealth management arm to bring Bitcoin to standard portfolios
Strive Enterprises, an asset manager co-founded by Trump surrogate and onetime Republican candidate for President Vivek Ramaswamy and businessman Anson Frericks, launched its new wealth management business on Friday.
The wealth management arm's focus is "...integrating Bitcoin into standard portfolios of everyday Americans as a hedge against...unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls," a press release states.
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US spot bitcoin ETFs reach highest recorded total asset value after six-day inflow streak
The twelve US-based spot bitcoin exchange-traded funds have set a new record, logging the highest total net asset value since the launch of the funds in January.
Summed together, the funds now hold over $66.1 billion worth of bitcoin, according to SoSoValue data, surpassing the prior record of $62.6 billion from early June. The value held in the ETFs represents 4.89% of bitcoin's total market cap.
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🚀 @waterfall_network: Major Milestones Update 🚀
It’s been 3 months since $WATER coin got listed on Gate.io, and we’re excited to announce that 7,924 validators have already joined the network! 🎉
Check the latest rewards here: https://waterfall.network/individuals#statistics_block
Explore the best staking methods here: https://waterfall.network/use-waterfall/stake-water.
🎉We’re also thrilled to share that $WATER is now live on the MEXC exchange! Currently, you can find $WATER on Gate.io, P2B, and MEXC, with more exchanges coming soon.
🚀Additionally, Waterfall Network set a new transaction-per-second record on the mainnet, reaching 12,778 TPS on September 27, 2024! This achievement surpasses our previous testnet record of 11,667 TPS, showcasing our commitment to pushing the boundaries of performance.
💼Thanks to our integration with Wanchain, you can now transfer $WATER across multiple networks with ease. Transfers are available on Arbitrum, Polygon, and Binance Smart Chain.
Start your cross-chain transfers here: https://wanchain.waterfall.network/login.
🌍Lastly, our team completed an exciting Asia roadshow this September, dedicating over 35 hours to engaging with blockchain and Web3 communities across various events in the region.
Don’t miss out– check $WATER: https://www.gate.io/uk/trade/WATER_USDT 🌊✨
🎉Find $WATER on MEXC: https://www.mexc.com/exchange/WATER_USDT
Follow @waterfall_network on social media:
Discord: https://discord.gg/Nwb8aR2XvR
Twitter: https://twitter.com/waterfall_dag
Telegram: https://t.me/waterfall_network
Website: https://waterfall.network
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Uniswap Reveals Plans to Launch Ethereum Layer-2 Network Unichain
Leading Ethereum decentralized exchange Uniswap announced plans Thursday to launch its own layer-2 network called Unichain, which will be built on Optimism tech.
Uniswap Labs framed the move as one to cut costs, improve transaction speeds, and boost liquidity across various chains. Created by the primary developer of Uniswap, the largest decentralized exchange (DEX) on Ethereum, the new layer-2 solution will aim to create a network of interoperable networks through its use of the Optimism Superchain.
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Blockchain activity surged by 70% in Q3 2024, driven largely by a 71% increase in AI-related decentralized applications, reaching a record 17.2 million daily unique active wallets
Key contributors include platforms like Data Intelligence Network (DIN) and Alaya AI. Meanwhile, DeFi experienced a decline, with Ethereum's total value locked (TVL) dropping by 20%.
In contrast, Layer-1 blockchains Sui and Aptos saw strong performance. NFT trading volume also plummeted by 60% during the same period.
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Crypto Trading Volumes Double After Lifting of Ban in Bolivia
According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions.
Volumes doubled on average, with stablecoins leading the way and transaction numbers also rising.
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DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote
Decentralized finance pioneer Sky, formerly Maker, is forging ahead with a plan to offload wrapped Bitcoin collateral from the platform.
Following a governance vote that ran for three days and closed on Sept. 19, the DeFi lending and borrowing platform has ratified to remove its exposure to wrapped Bitcoin (WBTC).
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Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network
Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen.
The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks.
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US crypto firms ramp up lobbying efforts, expenditures up 1386% over 7 years
A recent study has revealed that US crypto companies have significantly increased their lobbying efforts, with expenditures rising by 1386% from 2017 to 2023.
According to data compiled by Social Capital Markets, crypto firms spent $40.42 million lobbying for regulatory changes during 2023 alone, signaling the growing importance of government relations in the industry.
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Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces.
Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that prioritize user privacy and autonomy.
