What Happened in the Web3 World This Week?
SPK has blocked access to 58 platforms operating in Turkey. The NFT market gained momentum in December.
Solana Becomes the Most Popular Ecosystem for New Developers, Ending Ethereum's 8-Year Reign
In 2024, Solana surpassed Ethereum with 7,625 new developers, becoming the top ecosystem for newcomers.
Read more here.
U.S. Inflation Data Released
U.S. inflation for November was reported at 2.7%, aligning with expectations. Additionally, the likelihood of a 25 basis point rate cut at the Fed's December 18 meeting is estimated at 99.9%.
Read more here.
Avalanche Secures $250 Million Investment
Avalanche has raised $250 million for the Avalanche9000 upgrade through a locked token sale, with participation from over 40 major companies, including Galaxy Digital and Dragonfly.
Read more here.
CZ's Tweet Sends AVA Soaring: 300% Increase
Travala, a platform enabling crypto payments for travel, surpassed the $100 million annual revenue milestone. Following a statement from Binance's former CEO CZ saying, "We invested and are still holding," the AVA token surged by over 300%.
Read more here.
Trump's World Liberty Project Continues Crypto Investments
Donald Trump's decentralized finance initiative, World Liberty Financial, has invested a total of $43.25 million in ETH, cbBTC, LINK, and AAVE over the past 12 days. This week alone, the project purchased $1 million worth of LINK and $250,000 worth of AAVE, with monthly gains in these cryptocurrencies reaching 120%. Trump's statement, "We will do great things for crypto," has drawn significant attention.
Read more here.
NFT Market Kicks Off December with $187 Million in Sales
In the first week of December, NFT sales exceeded $187 million, marking a strong start to the month. Ethereum led the way with $92 million in sales, while collections like Pudgy Penguins and CryptoPunks garnered significant attention.
Read more here.
SPK Blocks Access to Over 50 Crypto Exchanges
SPK has imposed access restrictions on 58 platforms providing unauthorized crypto services in Turkey. The reason for the ban was explained as these platforms posing a risk to user security by operating without establishing offices in Turkey or obtaining operational approval from the SPK.
Read more here.
Grayscale Launches Investment Funds for Lido and Optimism
Grayscale has launched new investment funds for Ethereum's liquid staking protocol Lido and the popular Layer-2 solution Optimism. These funds aim to invest in protocols that enhance Ethereum's efficiency, security, and scalability.
Read more here.
Australia's AMP Fund Invests $27 Million in Bitcoin
Australia's AMP Fund has invested approximately $27 million in Bitcoin, becoming the first major Australian fund to invest in this digital asset. The investment represents just 0.05% of the fund's total assets.
Read more here.
