Avalanche raised $250M in private sales led by Galaxy, Dragonfly, and ParaFi
The capital influx follows the Avalanche9000 Testnet launch, the key milestone before the major Mainnet upgrade, which will reduce Avalanche L1 deployment costs by 99.9%. Chorus One, Big Brain Holdings, SkyBridge, Hivemind, and others also participated.
👉 x.com/avax/status/1867199983721529659
Ringfence (RFAI) launched the Data Agent Public Sale
Users can now purchase Data Agents in a Tiered format, starting at $350. For the first 500 purchased Agents, participants will receive one for free. Data Agents are agentic workforce deployed on a network with daily protocol rewards for owners.
👉 agents.ringfence.org
Crypto Events Recap, December 10-11
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-december-10-11-2024
Binance Labs has invested in Perena, the first stablecoin infrastructure protocol on Solana
Perena enables users to mint stablecoins, gain exposure to tokenized RWA yield, and access custom risk-reward profiles via a tranched collateralized debt position (CDP) system.
Perena recently launched Numeraire, a multi-token extensible stableswap that doesn’t require active concentrated liquidity market maker (CLMM) management, significantly lowering capital requirements for new stablecoin launches.
👉 x.com/BinanceLabs/status/1866845495257403596
Binance teamed up with Circle for global USDC expansion
Binance will make USDC more widely available on the exchange, including more USDC trading pairs, special promotions on USDC, and other stablecoin products. Binance also plans to integrate USDC into its corporate treasury.
👉 binance.com/en/blog/innovation/circle-and-binance-form-a-strategic-partnership-to--accelerate-global-usdc-and-crypto-adoption-8905951797850933210
Beam Foundation announced the launch of Beam Ventures
Beam Ventures is a $150 million fund focused exclusively on gaming, aiming to accelerate and contribute to Abu Dhabi’s transformation into a global gaming hub. Beam is an open-source blockchain specialized for gaming developed by Merit Circle.
👉 venturebeat.com/game-development/beam-ventures-launches-150m-fund-to-make-abu-dhabi-into-a-global-gaming-hub/
Sonic Labs (FTM) DeFi Ecosystem Overview
The Sonic Labs ecosystem reached a total TVL of $278M, with a 10.8% growth in the last 30 days. Leading the ecosystem are Beethoven X ($51.5M), Equalizer ($36.5M), SpookySwap ($26.7M).
Magic Eden (ME) will hold its initial listing on multiple exchanges today, at 2:00 PM UTC
The ME trading goes live on Binance, OKX, Bybit, KuCoin, Gate, MEXC, and Bitget at 2:00 PM UTC. ME is live on Pre-Markets with an average price of $6.5. Initial circulating supply is 125 million ME.
Magic Eden is a multi-chain NFT marketplace with $160 million in fundraising from Paradigm, Sequoia Capital, Solana Ventures, Electric Capital, and Lightspeed Venture.
👉 x.com/binance/status/1866385881839403410
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.65T (-4.38%)
BTC Price: $97,592 (-1.39%)
BTC Dominance: 52.9% (+0.90%)
Fear & Greed Index: 78 (Extreme Greed)
Total Value Locked: $207B (-5.95%)
The biggest Fundraising Rounds conducted in the last 7 days
Projects that received the most funding are Public ($135M), an online brokerage platform, Union Labs ($12M), a ZK infrastructure layer, and Spexi ($11.5M), a blockchain-powered drone imagery solution.
Top-15 Market Capitalization Gainers in the last 30 days
Among the top performers are Hedera, a public distributed ledger technology, Across Protocol, a cross-chain token bridge, and CookieDAO, an AI Agent Index and data layer for AI.
Movement (MOVE) launches on Binance HODLer Airdrops
Users who subscribed to Simple Earn products on December 2-5 will get the airdrop distribution. Binance will list MOVE on December 9th, 13:00 UTC. Movement Labs is building a network of Move-based chains. Previously, it raised $41.4M in funding from top tier funds.
👉 binance.com/en/support/announcement/introducing-move
Projects that will hold its initial listing next week
Presenting the list of the projects that have already announced their initial listing and plan to enter the crypto market within the next 7 days. The list includes Movement Labs, Lumoz, U2U Network, KIP Protocol, Magic Eden, PLAY, Wise Monky, EARN'M and Suilend.
MAJOR UPCOMING EVENTS IN DECEMBER!
A full list of Major Upcoming Events, to be updated
👉 https://cryptodiffer.com/events
Movement Labs (MOVE) launched the first phase of Mainnet Beta
Mainnet Beta features follower and RPC nodes, indexes, permissioned smart contracts, block explorer, and Genesis NFTs. Movement will hold its initial listing on Coinbase and OKX on December 9. The project raised $41.4M in funding backed by Binance Labs, Polychain Capital, Hack VC, and others.
👉 movementnetwork.xyz/article/movement-network-mainnet-beta-blockchain-live
Push Protocol to launch of its L1 chain focused on chain abstraction
Key features of the Push blockchain will include wallet and gas fee abstraction, sharding, and sub-one-second transaction finality. The first phase of the Initial Testnet is scheduled for mid-January 2025, with the Mainnet following later that year.
👉 theblock.co/post/330507/protocol-push-layer-1
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.81T (+2.93%)
BTC Price: $100,682 (+2.69%)
BTC Dominance: 52.3% (-0.80%)
Fear & Greed Index: 83 (Extreme Greed)
Total Value Locked: $223B (+6.41%)
Crypto Events Recap, December 10-11
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-december-11-11-2024
Crypto-AI startup Exabits raised $15 million in a Seed funding round
Hack VC led the Seed funding, with several other investors also participating. Round brings Exabits total funding to $20M backed by Big Brain Holdings, Protocol Labs, Portal, Outlier Ventures, Taisu, and IoTeX. The round brought Exabits valuation to $150M.
👉 theblock.co/post/330219/crypto-ai-startup-exabits-funding-valuation
❗️Dear community, CryptoDiffer will hold an AMA with YOUR AI on December 12th at 10:00 AM UTC in the CryptoDiffer Telegram Chat!
The reward pool for the best questions is $200 USDT!
(Questions from previous AMAs are strictly forbidden and people will be disqualified from participating in the reward distribution.)
CHAT 🗣 https://t.me/joinchat/Brbs51k5cWoRBKtsgmb6Ew
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.65T (-0.89%)
BTC Price: $97,971 (+0.59%)
BTC Dominance: 53.1% (+0.20%)
Fear & Greed Index: 74 (Greed)
Total Value Locked: $208B (+0.48%)
Fuel introduced its native token for its L2 developer network
The FUEL token will have a 10 billion supply and be issued as an Ethereum Mainnet ERC-20 token. Fuel's Ignition Network leverages its virtual machine architecture - FuelVM, uses a new Rust-based programming language Sway, and UTXO transaction output model.
👉 theblock.co/post/330065/ethereum-rollup-fuel-token
Hyperbolic announced the closure of $12 million Series A funding round
Variant and Polychain Capital led the Series A round with participation from Chapter One, Lightspeed Faction, Bankless, GSR, IOSG, Vertex, Wintermute, Alumni, and Ambush Capital. Hyperbolic is building an open-access cloud platform for AI development.
👉 cointime.ai/flash-news/web3-ai-cloud-startup-hyperbolic-completes-98427
Crypto Events Recap, December 7-9
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-december-7-9-2024
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion
The average purchase price per one BTC is $98,783. The total Bitcoin holding is 423,650 BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin.
👉 twitter.com/saylor/status/1863569873713955156
Kip Protocol (KIP) initial listing to take place on KuCoin & Gate
The trading will commence on December 10th, 14:00 UTC. Previously, KIP revealed that 20% of the total KIP supply has been reserved specifically for its community. KIP Protocol is an open-source Web3 framework for AI applications, backed by Animoca Ventures.
👉 x.com/KIPprotocol/status/1865975504836386875
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.77T (-3.13%)
BTC Price: $99,043 (+0.12%)
BTC Dominance: 52.0% (+0.10%)
Fear & Greed Index: 78 (Greed)
Total Value Locked: $219B (-1.76%)
Projects by Diluted Valuation launched this week
Let's discover the latest projects making waves in the space. Leading the list are XION, a Layer 1 built for mainstream adoption, SynFutures, a DEX and full-stack financial infrastructure, and Ponchiqs, an AI-powered blockchain-based game.
Crypto Events Recap, December 5-6
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-december-5-6-2024