Wednesday, December 11, 2024
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Is the party over so soon, Geckos? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | What Are The Largest Crypto Exchanges? | | Binance managed to retain its lead as the largest cryptocurrency exchange, with a 39.1% market share in November. However, there were lots of movement within the top 10. Read more to find out how centralized crypto exchanges have performed! | | | A tale of two goliaths 🤝
Stablecoin issuer Circle has teamed up with crypto exchange Binance to further boost the presence of Circle's USDC stablecoin.
According to a recently published press release, the partnership will include deeper integration of USDC across Binance's payments and savings products.
Additionally, Binance will also be adopting USDC as a major part of its corporate treasury.
On the other hand, Circle will provide the necessary support for users to better utilize the stablecoin on Binance's platform.
Just last year, Binance had sunset its own stablecoin, BUSD, in favor of First Digital's FDUSD stablecoin.
Since the start of December, FDUSD has shed $220M of its market cap, while the market cap of USDC has risen by $800M to $40B. | | | Learn about how Y Oracle's AI-powered dashboard and tools work to help identify market trends and help inform your trading decisions. | | | What's in the black box? 👕 The 9dcc fashion brand, founded by crypto influencer 'gmoney', will release its latest drop, the 9dcc Black Box, next week on December 18th.
The collection consists of 2,750 NFTs and will be minted on the Base Layer-2 network.
Each box will feature a combination of physical and digital merchandise, including items from the label's first collection and points for the 9dcc Network Leaderboard. However, one of the boxes contains CryptoPunk #7429, one of the rarer NFTs from the CryptoPunks collection, which was last purchased by 'gmoney' himself for ~$150K. | | |
Create and tokenize your very own AI assistant. Read on to learn more about how you can do this with Virtuals Protocol! | | | In Other News... A Magical Airdrop. The floodgates opened as Solana NFT marketplace Magic Eden airdropped their ME token. Prices opened initially at $17 per token, making the airdropped tokens worth over $700M.
Microsoft Denies Bitcoin Reserve. Despite Michael Saylor's best efforts to convince shareholders earlier last week, the proposal was rejected by Microsoft shareholders.
Let it Rip. Ripple's stablecoin RLUSD gains the final approval from the New York State Department of Financial Services. Ripple CTO David Schwartz hopes to launch the stablecoin before the end of the year.
Don't practice what you preach. The CFTC has sued a pastor for promoting a $6M crypto Ponzi scheme to 1,500 people, including members of his congregation.
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