According to PANews, Arthur_0x, the founder and CEO of DeFiance Capital, recently highlighted on the X platform that the Aave protocol's metrics have significantly exceeded their historical peaks. Despite this achievement, the token's price remains more than 50% below its all-time high. Furthermore, the current supply of stablecoins is notably higher than the levels seen in 2021, providing stronger support for the DeFi ecosystem. This increase in stablecoin supply is seen as a positive development for decentralized finance, as it enhances liquidity and stability within the sector. The disparity between Aave's protocol performance and its token price raises questions about market dynamics and investor sentiment in the DeFi space.

The global cryptocurrency market cap now stands at $3.48T, down by -0.05% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $97,757 and $101,888 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $100,995, up by 3.24%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include XVG, CVC, and AAVE, up by 55%, 38%, and 30%, respectively. Top stories of the day: Spanish Bank Allocates 2% of Fund to Bitwise Aptos Staking ETP MicroStrategy's Potential Exclusion From Nasdaq 100 Amid Bitcoin Focus XRP News: Why Is XRP Price Rising Today? Ripple’s RLUSD Stablecoin Approval Fuels Momentum Bitcoin News: Bitcoin Faces Potential 35% Correction as Gold Fractal Signals Market Top Richard Teng Named One of CoinDesk’s Most Influential People in 2024: The Ex-Regulator Stabilizing Binance Bank of Japan Considering December Rate Hike Amid Market Speculation Royal Bank of Canada Predicts US CPI Annual Rate to Edge Up to 2.7% in November Bitcoin Demand Zone Identified: Over 1.3 Million Addresses Hoard BTC Between $94,800 and $97,700 Market movers: ETH: $3928.99 (+6.47%) XRP: $2.437 (+4.67%) SOL: $233.5 (+5.60%) BNB: $721.85 (+5.49%) DOGE: $0.41823 (+6.00%) ADA: $1.1654 (+15.37%) TRX: $0.2993 (+10.00%) AVAX: $51.03 (+14.01%) LINK: $28.51 (+25.59%) SHIB: $0.00002932 (+7.36%) Top gainers on Binance: XVG/USDT (+55%) CVC/USDT (+38%) AAVE/USDT (+30%)

According to the official announcement, Binance Futures has updated the leverage and margin tiers of U-margin perpetual contracts for FTMUSDT, 1000SHIBUSDT, PNUTUSDT, LTCUSDT, LINKUSDT, WLDUSDT and BCHUSDT at 09:15 (UTC) on December 12, 2024. Please note that existing positions will not be affected before the update. (This newsletter is generated by AI)

BTC, the mystery of consensus: Understand the progress of Bitcoin upgrade community in one article. Golden Finance, we must discuss upgrades on the premise of adhering to the core value positioning of Bitcoin.

Arthur, founder of DeFiance Capital, posted on the X platform that many indicators of the Aave protocol have hit new highs, but the price of the currency is currently only 50% of the price during the ATH period. Compared with 2021, the total supply of stablecoins is also significantly higher, which also provides momentum for DeFi, and the price of AAVE is expected to be pushed higher. According to DeFiLlama data, Aave's current TVL is higher than the last bull market in October 2021, setting a record high of US$38.6 billion. The annual revenue of the protocol is estimated to be US$117 million.

DUNE data shows that the total DEX transaction volume on the Solana chain exceeded US$900 billion, temporarily reported at US$920.17 billion, the total number of traders exceeded 380 million, and the number of Swap transactions exceeded 4.5 billion.

SBF, 720th day in prison SBF misses his little bear pillow Golden Finance, "Who writes a diary when they are serious?"

Coincheck is now the first Japanese crypto exchange listed on the Nasdaq, raising substantial capital through its IPO. The company plans to use the proceeds for acquisitions, aiming to expand its presence in the U.S. and Japan's crypto markets.

AscendEX (formerly BitMax) will launch Frox (FROX) for the first time at 20:00 on December 12, opening the FROX/USDT trading pair, and recharge is now open.

This partnership was announced during Abu Dhabi Finance Week by Binance CEO Richard Teng and Circle CEO Jeremy Allaire. It aims to make crypto and USDC more accessible to people worldwide. This is huge news for crypto adoption. USDC Everywhere Binance plans to roll out USDC across all its services, making it easier for over […] The post Circle and Binance Team Up to Boost Crypto Adoption... source: https://www.altcoinbuzz.io/cryptocurrency-news/circle-and-binance-team-up-to-boost-crypto-adoption/

Donald Trump is making history before even stepping back into the Oval. The President-elect has invited Chinese President Xi Jinping to attend his inauguration next month, breaking 150 years of tradition. source: https://www.cryptopolitan.com/xi-trump-fix-china-us-relations-set-to-meet/

Ethena officially released a video on the X platform to showcase USDtb-related content, with the caption "December 16, 2024", and may launch its new stablecoin product USDtb on December 16.

Bitcoin leveraged bets are off the table after repeated washouts — but BTC price action is seen beating all-time highs within days. source: https://cointelegraph.com/news/bitcoin-futures-insane-btc-price-record-daily-close?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The $1 million donation follows a private meeting between Meta CEO Mark Zuckerberg and US President-elect Donald Trump at Mar-a-Lago. Is it a political move or just a charitable gesture?

Building a cult around an image or slogan that has nothing to do with the underlying product is a replacement for the cult that should be around your product itself.

After the crypto market liquidated more than $1.7 billion in a single day, the next day it rebounded strongly.

With the core underlying capabilities that integrate storage, network, and computing, 4EVERLAND is committed to efficiently delivering the one-stop core cloud services required by the Web3 ecosystem to Web3 developers and users.

Pudgy Penguins' floor price surged past $100,000, setting a new record and becoming one of the most valuable NFT collections. This rise is driven by excitement for the upcoming $PENGU token launch, boosting the collection's value by 99% in just a week.

OpenAI’s ChatGPT experienced a global outage on December 12, leaving many users unable to access the platform.

Explore EigenLayer’s re-staking ecosystem with the Rollup team.