✍️ Highlights of the Week: Trump NFT Series, Pump.fun Trader Profits and More
Following tradition, here are 10 crypto events from last week that didn't go unnoticed:
1️⃣0️⃣ Which digital assets is Grayscale considering? The investment fund is eyeing $DOGE, $KAS, $APT, $ARB, $TIA, $HBAR, $MNT, $SEI, $S, $STRK, $TON, $TRX, $AERO, $BNB, $ENA, $INJ, $JUP, $ONDO, $PENDLE, $RUNE, $IMX, $AKT, $FET, $AR, $EIGEN.
It is interesting to note that many well-known coins are NOT yet part of Grayscale's portfolio, such as $HYPE, $AI16Z, $VIRTUAL, $FLOCK, $GRASS, Hyperbolic, Prime Intellect, Sentient, Space and Time, Story Protocol.
9️⃣ What caused the Curve USD0/USD0++ pool imbalance? To begin with, the LP token price dropped to $0.9568, while USD0++’s share skyrocketed to 90.8%. A mass swap via Curve then began.
The main factor was Usual’s announcement, promising a minimum price of $0.87 for USD0++ or 1:1 exchange by “burning” USUAL tokens for the early unlock of USD0++, which should happen next week.
8️⃣ How profitable are Pump.fun traders? According to data from Dune, only 0.408% of traders made profits above $10,000 out of 13,547,736 portfolios.
7️⃣ Why did Solayer acquire Fuzzland? Fuzzland developed the ltyfuzz testing tool for smart contracts, which has become a hit in Web3 security.
Given Solana’s roadmap goal towards a hardware-accelerated architecture, the acquisition of Fuzzland seems logical to optimize validators and increase network capacity to 100 Gbps.
Remembering that processing capacity (throughput) is one of Solana's weak points — but it is not the only one.
6️⃣ More on Solana: Jambo, a Web-3 mobile infrastructure provider, will hold a TGE for the $J token in January, with a total supply of 1 billion.
5️⃣ Berachain Vault pre-deposit surpasses $1.1B and attracts over 127K depositors. StakeStone leads with around 33.3% of deposits (over $370M from over 103K users).
4️⃣ Ethereum Layer 2 developer team Movement Labs. Movement Labs announced that it is close to closing a $100 million Series B funding round at a $3 billion valuation.
3️⃣ When will Babylon launch the Phase-2 testnet? The launch is scheduled for January 8th, but it is only a testnet, so there are no rewards planned — only test tokens.
2️⃣ Which tokens have been listed by Binance? The world's largest exchange, Binance, announced the listing of aixbt by Virtuals ($AIXBT), ChainGPT ($CGPT), and Cookie DAO ($COOKIE) on January 10, 2025 at 1:00 PM UTC.
And the main highlight of the week 🥊:
1️⃣ Trump-themed NFT series launched on the Bitcoin network: With the Ordinals protocol, the first works entitled “Trump Bitcoin Digital Trading Cards” were published.
Of the 119 available, 19 have already been minted. The redemption period runs until January 31, 2025.
It’s been a busy week — lots to check out. What do you think of these developments?
🔥 — Phew, that's crazy
👍 — Well, overall it's ok.
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