At present, from the ice-breaking cooperation between Binance and Circle, to the intensive layout of crypto giants, to the frequent financing activities and the gradual improvement of the policy environment, the liquidity and application scenarios of the stablecoin track are expanding rapidly.

According to Odaily, the European Central Bank (ECB) has announced its final interest rate decision for 2024, reducing the deposit facility rate by 25 basis points to 3.00%. This marks the third consecutive meeting where the ECB has implemented a 25 basis point rate cut, aligning with market expectations. Over the course of the year, the ECB has cumulatively reduced rates by 100 basis points. The decision to lower the deposit rate reflects the ECB's ongoing efforts to stimulate economic growth and manage inflation within the Eurozone. By making borrowing cheaper, the central bank aims to encourage spending and investment, which can help bolster economic activity. The consistent rate cuts throughout the year indicate a strategic approach by the ECB to address economic challenges and support the region's financial stability. Market analysts had widely anticipated this move, as the ECB continues to navigate a complex economic landscape characterized by fluctuating growth rates and inflationary pressures. The central bank's actions are closely monitored by investors and policymakers, as they have significant implications for the Eurozone's economic outlook and financial markets. As the year concludes, the ECB's monetary policy decisions remain a focal point for economic observers, with attention now turning to how these measures will impact the region's economic trajectory in the coming year.

Decentralized internet connection platform Uplink has officially launched on the Avalanche blockchain. Uplink aims to decentralize internet connectivity by incentivizing users to share existing networks and deploy new infrastructure in underserved areas. By leveraging Avalanche's high-speed transaction capabilities, Uplink seeks to promote decentralized connectivity while advancing its ecosystem through community participation, token-based incentives, and innovative application features. Uplink plans to launch the Uplink app in 2025 to verify router locations and support users to share real internet connections, while releasing innovative features and launching a Layer 1 testnet on Avalanche to provide data consumption and transaction support for the ecosystem. (The Block)

On Dec 12, 2024, 13:22 PM(UTC). According to Binance Market Data, BNB has crossed the 720 USDT benchmark and is now trading at 720.340027 USDT, with a narrowed 4.63% increase in 24 hours.

Avalanche Foundation announced that it has raised $250 million for its blockchain platform through a private token sale, with Galaxy Digital, Dragonfly and ParaFi Capital participating with more than 40 other companies. It is reported that this is not the first large-scale fundraising by Avalanche. As early as December 2021, at the peak of the last cryptocurrency bull market, Avalanche Foundation raised $230 million in a similar token sale. (Forbes)

On Dec 12, 2024, 13:18 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 101,000 USDT benchmark and is now trading at 101,072.71875 USDT, with a narrowed 2.96% increase in 24 hours.

The post a16z’s Brian Quintenz To Be The Next CFTC Chair: Insider Scoop appeared first on Coinpedia Fintech News As Donald Trump’s administration gears up, Brian Quintenz, a former commissioner of the U.S. Commodity Futures Trading Commission (CFTC), has emerged as a top contender for the role of CFTC Chair. If appointed, this move could mark a significant step toward clearer and more... source: https://coinpedia.org/news/a16zs-brian-quintenz-to-be-the-next-cftc-chair-insider-scoop/

In the last interest rate decision of 2024, the ECB lowered the deposit mechanism rate by 25 basis points to 3.00%, marking the third consecutive meeting to cut interest rates by 25 basis points, in line with market expectations; the cumulative interest rate cut this year is 100 basis points. (Jinshi)

US President-elect Donald Trump was named Person of the Year 2024 by Time magazine, and the cover photo was taken by the famous photographer Platon. Platon has previously photographed many global leaders, including Obama and Putin, and this time he took the photo at Trump's private club in Mar-a-Lago. Platon said that Trump once again demonstrated his influence with his strong media control and personal charm, leaving an important moment in history. (Time)

Coinspeaker Australia Tightens Crypto Rules to Combat Financial Crime Australia has identified an urgent need to address the misuse of cryptocurrency within its borders. Australia Tightens Crypto Rules to Combat Financial Crime source: https://www.coinspeaker.com/australia-tightens-crypto-rules-combat-financial-crime/

A significant vulnerability in the Dogecoin network was exploited on December 12. The attack caused 69% of its active nodes to crash. The breach has raised questions about the security of the cryptocurrency’s infrastructure and its resilience to potential future attacks. Andreas Kohl, co-founder of Bitcoin sidechain Sequentia, revealed he was responsible for the hack […] source: https://www.cryptopolitan.com/dogecoin-network-hacked-crashes-69-of-nodes/

Empowering traditional finance and gaining support from asset management giants may be one of the most certain directions.

Recommended readings tonight: 1. New narrative of stablecoins in 2024: clear regulation, entry of traditional finance, and simultaneous development of on-chain and off-chain; 2. Is Meme coin the truly successful GameFi in this cycle? 3. 11 facts after BTC ETF was listed in the United States;

ELIZA is at the intersection of three transformative trends: the rise of autonomous AI agents, the maturation of crypto-driven incentives, and the evolution of open source development models.

As an emerging technology trend, decentralized AI has a challenging road ahead, but it has great potential for development. With the continuous advancement of technology and the gradual maturity of the market, decentralized AI is expected to play a greater role in the future.

In order to fully grasp the development context and future trends of the Meme track, LBank Labs jointly released this research report with MetaEra and Bee Network.

This year is the year of the explosion of stablecoins. Looking to the future, with the clarification of supervision and continuous innovation of technology, the role of stablecoins will become more and more important, both in on-chain and off-chain finance.

Microsoft shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.55% in support. The board expressed concerns about Bitcoin's volatility, despite acknowledging its potential as an inflation hedge.

In 2024, the crypto industry saw key trends such as the rise of memecoins, the development of prediction markets, innovation in liquid staking tokens, the threat of quantum computing, the rise of DePINs, and the popularity of AI trading tools.

Roger Ver, widely recognized as “Bitcoin Jesus,” remains firm in his assertion that allegations brought against him by the United States Department of Justice (DOJ) are baseless.