🚀Daily Crypto Users Surged 200% in 2024
GM Defiers!
✍️ In today’s newsletter:
- Daily crypto users rose to a record 18 million in December
- Tether plots move to El Salvador citing friendly regulations
- Euler TVL soars 38x in three months
- Crypto selloff enters second week
- Azuki reveals ANIME tokenomics
- Bankless catches flak for dumping AICC tokens
- AI agent tokens get battered amid market correction
- Singapore bans Polymarket
- Mango Markets to shut down pursuant to SEC settlement
- Moonpay acquires Helio for $175 million
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📈 Markets in the last 24 hrs:
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📈Daily Web3 Users Grew to 18 Million in December 2024: Report
The "State of Web3 Adoption Report 2025" found that global daily active users in crypto surpassed 18 million in December 2024, marking a 202% YoY increase. Additionally, the report highlighted a 500% surge in memecoin market capitalization, which reached $120 billion.
🇸🇻Tether is Moving to El Salvador Citing its Pro-Bitcoin Policies
Tether, the issuer of the world’s largest stablecoin by market capitalization, is relocating to Bitcoin-friendly El Salvador. CEO Paolo Ardoino cited El Salvador’s strong official support for Bitcoin, including being the first nation to incorporate Bitcoin into its treasury.
🚀Euler Finance TVL Rises 38x in 3 Months
Euler, a decentralized finance (DeFi) lending protocol, is on its way to recovery after a $200 million hack in 2023 wiped out its financials. After its v2 launch in September, Euler’s TVL is up 38x to $133 million from just $3.5 million.
🗓️Cryptocurrency Market Losses Extend Into Second Week Amid Macroeconomic Uncertainty
The cryptocurrency market continued its downward trajectory on Monday morning, with major tokens posting losses amid heightened investor caution driven by macroeconomic concerns.
🪂Azuki Reveals ANIME Tokenomics with 37% Allocated to NFT Holder
Azuki, a popular NFT project, has announced the imminent release of its highly anticipated ANIME token, with 50.5% of the supply slated to be airdropped to the community and an additional 2% to partner communities.
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😬Bankless Faces Backlash After its VC Arm Sold Aiccelerate DAO Tokens
Bankless has come under increasing scrutiny after users discovered that wallets connected to Bankless Ventures, the company's VC arm, sold tokens of a project the media arm had promoted, immediately after its pre-sale started.
🤖AI Agent Tokens Dip Amid Market Correction
Tokens at the intersection of cryptocurrencies and artificial intelligence (AI) are the worst-performing category in crypto in an already bad day for the market.
🇸🇬Prediction Market Polymarket Banned in Singapore
Alex Zuo, vice president of investment and custody at Cobo Global, posted an image of an official block notice on Polymarket. It read, “you have attempted to access an illegal gambling site hosted by an unlicensed gambling service provider,” and warned of penalties of up to a S$10,000 fine and up to six months in jail for violating the ban.
🚫Mango Markets to Shut Down After SEC Settlement
Mango Markets, a DeFi lending platform on the Solana blockchain, is set to cease operations in the wake of a settlement with the SEC and a $117 million exploit in 2022.
💰MoonPay Acquires Helio for $175 Million to Expand Crypto Payments
With this acquisition, MoonPay aims to expand its footprint in Web3 payments. Helio’s infrastructure will allow MoonPay to streamline crypto payments and develop new tools for creators and businesses operating on the blockchain.
🌍 ELSEWHERE
- Bitcoin surges past $97,000 on speculation of Trump's day-one crypto policy (TheStreet)
- Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End (Coindesk)
- Crypto bank Sygnum achieves unicorn status with new funding round that gives it a valuation of $1 billion (Fortune)
🔥TRENDING
- Tether is Moving to El Salvador Citing its Pro-Bitcoin Policies
- Azuki Reveals ANIME Tokenomics with 37% Allocated to NFT Holders
- Cryptocurrency Market Losses Extend Into Second Week Amid Macroeconomic Uncertainty
- Synthetix to Pivot V3 Perps From Arbitrum to Base
- Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments
- Trump Launches Fifth Digital Trading Card Collection on Bitcoin Blockchain
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