Bank of Korea Reports One in Three Koreans Now Own Crypto

Bank of Korea Reports One in Three Koreans Now Own Crypto

A recent report from the Bank of Korea reveals that more than 30% of South Koreans now own cryptocurrency, with the total value of crypto assets surpassing 100 trillion won (approximately $78 billion). By the end of November 2024, the number of crypto investors in South Korea had reached 15.59 million, marking an increase of […]

Binance Launches USUAL as a New Flexible Lending Asset

Binance Launches USUAL as a New Flexible Lending Asset

On December 25, 2024, Binance introduced the USUAL token as a new asset available for borrowing under its Pledged Loan program. This addition aims to enhance borrowing flexibility by allowing users to use assets from Binance Earn—a platform offering rewards on crypto holdings—as collateral while benefiting from real-time annualized returns. The inclusion of the USUAL […]

Aave and Lido Exceed $70B in Combined Net Deposits, Leading the DeFi Ecosystem

Aave and Lido Exceed $70B in Combined Net Deposits, Leading the DeFi Ecosystem

Aave and Lido have reached a historic milestone, surpassing $70 billion in combined net deposits for the first time, according to Token Terminal. Aave leads the way with $34.3 billion, while Lido follows closely with $33.4 billion. Together, the two protocols account for 75.25% of the total $89.52 billion allocated to the top five decentralized […]

Union Square Ventures Transfers $8.45M in Uniswap Tokens to Coinbase Prime

Union Square Ventures Transfers $8.45M in Uniswap Tokens to Coinbase Prime

Union Square Ventures (USV), a prominent venture capital firm, has been actively transferring substantial amounts of UNI tokens to Coinbase Prime, with the most recent transfer taking place in the past nine hours. In total, USV moved 578,000 UNI tokens, worth approximately $8.45 million, as part of a larger trend involving the movement of Uniswap […]

PancakeSwap Hits $310B in Trading Volume, Up 179% YoY

PancakeSwap Hits $310B in Trading Volume, Up 179% YoY

PancakeSwap, the decentralized exchange (DEX) platform, had a standout 2024, with its trading volume soaring to $310.6 billion, marking a 179% year-over-year increase. This milestone was achieved across nine blockchains, reflecting significant growth in decentralized finance (DeFi). For context, in 2023, PancakeSwap’s total trading volume was $111.3 billion. The platform saw a surge in its […]

Pudgy Penguins PENGU Jumps 30% Amid Solana Activity Reaching ATH

Pudgy Penguins PENGU Jumps 30% Amid Solana Activity Reaching ATH

Pudgy Penguins’ native token, PENGU, surged by 30% in a remarkable price rally amid a significant rise in Solana’s on-chain activity, which reached an all-time high on Christmas Eve. The price increase brought PENGU close to 50% of its previous peak price, fueled by the uptick in Solana’s activity and a broader market recovery. The […]

BOUNCEBIT Price Rises 16% Following Major Partnership

BOUNCEBIT Price Rises 16% Following Major Partnership

BounceBit (BB), the native Bitcoin restaking blockchain, has experienced a significant price jump of over 16%, reaching above $0.43 on December 24. This surge comes after the token had dipped below $0.32 in the past week, driven by bearish market conditions. The recent upward movement coincided with Bitcoin’s (BTC) price recovery, which rose above $97,000, […]

Bitget Token Soars as Key Indicators Signal Major Warning

Bitget Token Soars as Key Indicators Signal Major Warning

The Bitget Token (BGB) has recently experienced an impressive surge, rising to $4.97, which marks an increase of over 470% from its lowest point earlier in the year. This dramatic price jump has captured the attention of many, especially as the wider cryptocurrency market has not seen a major rally like the anticipated “Santa Claus […]