Chamath Palihapitiya, CEO of Social Capital, predicts that stablecoins will soar in adoption by 2025 and become a key tool for wholesale trading. He points out that by 2024, stablecoin usage will decouple from cryptocurrency trading, with over 1.1 billion transactions and settlement amounts reaching $8.5 trillion, more than twice the transaction volume of Visa. Palihapitiya believes that this growth will challenge the duopoly of Visa and Mastercard, especially as credit card rates rise. He also discussed regulatory issues, emphasizing that blockchain technology provides transparency and traceability for transactions. Last year, he predicted that Bitcoin would achieve mainstream adoption by 2024. #dyor
Johann Kerbrat, the General Manager of Robinhood Crypto, revealed that the company is partnering with Paxos to create an open network for stablecoins, emphasizing that stablecoins can bring significant value to their platform. Currently, many companies are exploring the stablecoin market, such as Visa launching a tokenized asset platform that allows banks to issue stablecoins, fintech company Revolut also exploring the possibility of launching stablecoins, and Stripe acquiring a fintech platform specializing in stablecoin transactions called Bridge. #binancepizza
longevity research organization VitaDAO announced the launch of a new compound experiment token on the Pump Science platform on February 25th, and will conduct supplementary supplement pre-orders and market releases on March 25th. #Binance
Marc Zeller, founder of the Aave Chan Initiative (ACI) contribution team, posted on X stating that in order to solve the problems of the Ethereum Foundation, the following steps need to be taken: Immediately dismiss 80% of non-developers and current leaders;2. Convert the remaining ETH of the foundation into a market-tested LST combination;3. Cut current subsidies by 95%, especially initiatives like "running nodes in Vultr";4. Do not sell ETH, but use LST to borrow stablecoins through Sky/Aave and reduce operating costs.5. Transfer the X account to @JimmyRagosa, @ethereumintern_, and @antiprosynth, who will post 20+ updates daily to promote the Ethereum ecosystem. #ETH
According to Lookonchain's monitoring, a smart AI token trader has made the following profits: earning over $5.14 million on GOAT; earning over $4.5 million on ai16z; earning over $4 million on Fartcoin; earning over $4 million on arc. Today, the trader has bought create, pippin, SANDY, MOLE, and FORGE. #Binance
Anthony Scaramucci, the founder of SkyBridge Capital, expects the US government to retain the current holding of about 200,000 BTC and then purchase about 500,000 BTC. Scaramucci said that Tim Scott, chairman of the US Senate Banking Committee, and Scott Bessent, US Treasury Secretary, are relatively supportive of cryptocurrencies. If Trump, Congress, and the Treasury Department are in agreement, the Federal Reserve may be the final obstacle to Bitcoin becoming a strategic reserve. #SEC
FTX creditor Sunil posted on X, stating: "SUI has reached $5.2 with a market value of $16 billion. FTX sold 890 million SUI (warrants) + equity to Mysten Labs for $96 million in March 2023. These tokens are now worth about $4.6 billion." #SEC
the federal parliamentary elections of the lower house of the German Bundestag will be held next month. Recently, American entrepreneur Musk publicly supported the German Alternative for Germany party, which is seen as far-right, and launched verbal attacks on German Chancellor Scholz and German President Steinmeier on social media. This has caused controversy in the German political arena and sparked opposition and protests from many politicians. Scholz criticized Musk without naming him in his New Year's address on December 31 last year, saying that Germany's future "will not be decided by the owners of social media". Current Vice Chancellor Habeck of the Green Party also criticized Musk's comments in his New Year's speech. He also expressed strong dissatisfaction with Musk's comments in an interview with Der Spiegel, warning him not to interfere in the federal parliamentary elections in Germany. #BTC
According to CoinGecko data, the market value of Ripple's stablecoin RLUSD is $72.3 million, with a 24-hour trading volume of $420 million, ranking behind only USDT, USDC, and FDUSD among stablecoins. In comparison, the market value of Paypal's stablecoin PYUSD is $491.72 million, with a 24-hour trading volume of $20.455 million. In addition, Circle's stablecoin EURC has a market value of $82.43 million and a 24-hour trading volume of $11.59 million. According to XPMarkets data, the total number of RLUSD users is 7,600, which is higher than the 1,000 users within 24 hours of its launch in December 2024. RLUSD is now the 13th largest asset on the XRP Ledger by market value. Earlier on December 18, Ripple's stablecoin RLUSD was officially launched. #feedfeverchallenge
India is collaborating with tech giants Google and Facebook to increase efforts to crack down on "Ponzi schemes" that use cryptocurrency for investment fraud. According to the Indian Ministry of Home Affairs' annual report for 2024, these scams primarily target vulnerable groups such as unemployed youth, housewives, students, and economically disadvantaged individuals. The report emphasizes the global nature of the problem, which also involves large-scale money laundering and online enslavement. Scammers often abuse Google's advertising services and Facebook's sponsored ads to launch fraudulent applications and malicious phishing schemes. #ETH
the RWA lending agreement Centrifuge official Twitter account was hacked, and the hacker has released a fundraising address disguised as an AI project token. Currently, the fundraising balance in the fraudulent address is 93.57 SOL. Users are reminded not to interact with their accounts and to pay attention to asset security. #feedfeverchallenge
lawyer Yin Xiyue stated that South Korean President Yin Xiyue will attend a constitutional court debate and express his views on an appropriate date. #SEC
According to data from DefiLlamat he stablecoin developer Usual has launched a stablecoin product supported by real-world assets called USD0, with a market value of 1.813 billion US dollars, surpassing FDUSD's market value (1.71 billion US dollars), ranking fifth among stablecoins, and growing 237% in the past month. #BNB
cryptocurrency traders are increasingly becoming targets of kidnapping and extortion, as highlighted by several cases in recent weeks. In France, a man was kidnapped nearly 500 kilometers away and the kidnappers demanded ransom from his son, who is a cryptocurrency influencer, through encrypted networks. In Pakistan, a trader was forced to transfer $340,000 on Binance. WonderFi CEO in Canada was released after paying a ransom of millions of dollars. According to Chainalysis, a blockchain analysis company, ransomware gangs will extort over $1.1 billion from victims through cryptocurrency by 2023. The rapid expansion of the cryptocurrency market is attracting more criminals, increasing security risks for investors. #feedfeverchallenge
Deribit's Asia-Pacific business leader, Lin Chen, stated in a post on X that "this week, the performance of ETH ETF was slightly weaker than that of BTC, with a total net outflow of 38.1 million US dollars and a net reduction of 11,846.98 ETH. Although BlackRock and Fidelity continued to increase their holdings, other institutions mainly reduced their holdings. Among them, BlackRock slightly increased its holdings on Friday, while its holdings remained unchanged on other days. Grayscale ETHE continued to significantly reduce its holdings, with a total reduction of 15,306.52 ETH. The current DVOL (volatility index) for ETH is 71.12, and the ETH/BTC exchange rate has rebounded to 0.0371." #ETH
a law enforcement agency in South Africa recently arrested a 35-year-old man on suspicion of using cryptocurrency to fund terrorist activities. The investigation was launched in May 2018, when the Financial Intelligence Center (FIC) and the investigation team received information about suspicious transactions related to terrorism financing. It is alleged that on November 30, 2017, the suspect purchased $614 worth of Bitcoin through virtual asset service provider Luno and transferred the funds from the suspect's bank account to Luno's custody account. Subsequently, these Bitcoins were transferred to a wallet associated with an unnamed "independent" organization. The South African law enforcement department stated that preliminary investigations showed that these funds were transferred to provide weapons, economic assistance, and other projects to "participants" in another country. After determining the use of the funds, the South African law enforcement department conducted a raid on the suspect's residence on October 24th, and seized several items, including firearms that were not legally secured. The suspect is expected to appear in the Lichtenburg District Court on January 6th. #BTC
According to security firm SlowMist's statistics, in the top 10 runaways with the most losses in 2024, ZKasino, IBXtrade, and Essence Finance ranked first, second, and third respectively with involved amounts of $33 million, $21.8 million, and $20 million. It is worth mentioning that Yu Xian said: "Most of the top 10 runaways in 2024 (uncertain if there will be any returns) should not be Chinese projects, and we don't need to completely reject Chinese projects." #SEC
Musk announced on X platform that Grok 3 is about to be released, and the pre-training has been completed, with 10 times more computational power than Grok 2. #SEC
as monitored by Arkham, approximately two hours ago, Grayscale Digital Large Cap Fund transferred about 691.431 BTC (worth $67.86 million) to an address starting with bc1qx and 399.191 ETH (worth $1.44 million) to an address starting with 0x35e. Additionally, this morning, 70.911 BTC flowed into the Grayscale Bitcoin Mini Trust Fund from Coinbase Prime's hot wallet address, worth $6.93 million. #BNB
According to CoinWarz data, on January 3rd, the Bitcoin hash rate (total computing power protecting the Bitcoin network) reached a historical high of 1,000 EH/s, which is almost double the network hash rate 12 months ago. Currently, the Bitcoin hash rate is at 809.3 EH/s. #BNB