🚀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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Stellar Launches new Contest to Crowdsource Innovation

📈 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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TheStandard Protocol has introduced a DeFi lending platform enabling zero-interest borrowing with yield-generating collateral, addressing key inefficiencies in traditional lending. Users can borrow without interest, retain full control of their assets, and earn returns through automated liquidity management. Supporting diverse collateral types like ETH and WBTC, the platform offers flexibility and portfolio management without closing loan positions. The V4 upgrade features liquidity pools in Uniswap V3, balancing stable and volatile assets for optimized yields. Smart Vaults, represented as NFTs, create a secondary market for lending positions. Governance is driven by TST tokens, offering revenue sharing and future governance via stTST tokens. With expansion plans for additional stablecoins and collateral, TheStandard aims to revolutionize global decentralized lending.

Explore at TheStandard.io.

😬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)