According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the aelf (ELF) network at 17:00 (Eastern Time) on December 25, 2024 to support its network upgrade. This move is aimed at providing users with a high-quality experience. The project will upgrade the network at block height 248,832,789 (estimated at 18:00 Eastern Time on December 25, 2024).

According to Odaily, Meta Platforms CEO Mark Zuckerberg has made a significant donation of $1 million to former President Donald Trump's inauguration fund. This contribution marks a notable step in strengthening the relationship between Zuckerberg and Trump. The donation is seen as part of Zuckerberg's broader efforts to engage with political figures across the spectrum. While the motivations behind this particular donation remain undisclosed, it highlights the ongoing interactions between major tech leaders and political entities. This move could potentially influence future collaborations or discussions between Meta Platforms and political stakeholders. Zuckerberg's donation comes at a time when tech companies are increasingly under scrutiny for their political affiliations and influence. As Meta continues to navigate its role in the political landscape, contributions like these may play a role in shaping its public and political relationships. The implications of such donations are yet to be fully understood, but they underscore the complex dynamics between technology leaders and political figures.

According to PANews, the Sui ecosystem's decentralized exchange (DEX) has surpassed a total trading volume of $35 billion. In a remarkable achievement, the DEX also set a new record with over $466 million in trading volume within a 24-hour period. This milestone highlights the growing activity and interest in the Sui ecosystem, reflecting its expanding influence in the decentralized finance sector. The significant trading volumes underscore the platform's potential and the increasing adoption of decentralized exchanges in the broader cryptocurrency market. As the Sui ecosystem continues to evolve, these developments are indicative of its robust performance and the confidence of its user base in the platform's capabilities.

According to Foresight News, the self-custody trading platform Extended has announced the opening of its services to all users following a three-month closed phase that was accessible only to invitees. During this initial phase, the platform achieved a trading volume of $300 million and had over 150 active users. Looking ahead, Extended plans to focus on establishing a unified portfolio margin that will encompass both perpetual contracts and spot trading. This initiative will be supported by an internal lending market developed in collaboration with StarkWare. Additionally, the platform is working on a mobile version, which is expected to be launched in the first quarter of 2025. Extended also plans to introduce a new insurance vault product and perpetual contracts for selected traditional finance (TradFi) products.

DeFi protocol Compound Finance announced the launch of a $1 million bug bounty program on the Immunefi platform to improve platform security and protect user safety. Its latest version, Compound III, simplifies the process of borrowing crypto assets as collateral against underlying assets (currently USDC) and has been deployed on multiple chains including Ethereum, Polygon, and Arbitrum. All rewards are denominated in US dollars but paid in COMP tokens.

According to Odaily, the Aave community has initiated a proposal, known as the ARFC proposal, to deploy Aave on the Linea platform. The voting process for this proposal is currently underway and will remain open until December 13. As of now, the proposal has garnered a 100% approval rate from the community. The proposal aims to deploy Aave V3 on Linea, a move intended to expand Aave's presence and use cases on zk-Rollup technology. By integrating with Linea, Aave seeks to offer users more efficient transactions while maintaining the security of the Ethereum mainnet. This strategic deployment is expected to enhance Aave's capabilities and provide users with improved transaction experiences, leveraging the benefits of zk-Rollup's scalability and efficiency.

According to Odaily, Nano Labs, a company specializing in the design of cryptocurrency mining chips, has successfully completed a private placement of its previously announced 5,611,459 Class A ordinary shares. The shares were sold at a purchase price of $6.46 each, resulting in total proceeds of approximately $36.25 million. The transaction was settled using a combination of U.S. dollars, Bitcoin, and other currencies. This strategic financial move is expected to bolster Nano Labs' position in the competitive cryptocurrency mining industry. The funds raised will likely be directed towards enhancing the company's technological capabilities and expanding its market reach. As the demand for efficient mining solutions continues to grow, Nano Labs aims to leverage these resources to innovate and maintain its edge in the sector. The completion of this private placement marks a significant milestone for Nano Labs, reflecting investor confidence in its business model and future prospects. By securing substantial capital through this transaction, the company is well-positioned to pursue its strategic objectives and capitalize on emerging opportunities within the rapidly evolving cryptocurrency landscape.

Gate.io Innovation Zone launched FARTCOIN for the first time globally on October 21, 2024, with an opening price of $0.02894 and a peak price of $0.59998, an increase of 1973% from the opening price. Fartcoin is the first meme token mentioned by Truth Terminal. It is reported that Gate.io Innovation Zone is committed to integrating the advantages of spot trading and on-chain trading, and innovatively lowering the technical threshold for users to participate in on-chain projects. Users do not need to operate Web3 wallets or manage private keys. They can directly participate in on-chain hot projects with Gate.io accounts, thereby accurately capturing early investment opportunities.

According to Foresight News, data from OpenSea indicates that the floor price of Azuki NFTs has surpassed 8 ETH, currently standing at 8.5 ETH, which is approximately $33,471. This marks a 21% increase over the past 24 hours. The significant rise in Azuki's floor price highlights the growing interest and demand within the NFT market. Azuki, known for its unique digital art and collectibles, has been gaining traction among collectors and investors alike. The recent surge in price reflects the broader trend of increasing valuations in the NFT space, driven by heightened market activity and interest in digital assets. This development comes amid a volatile period for cryptocurrencies and NFTs, where market dynamics are influenced by various factors, including investor sentiment, technological advancements, and regulatory changes. The rise in Azuki's floor price may also be attributed to specific events or announcements related to the project, although such details were not specified in the report. As the NFT market continues to evolve, projects like Azuki are likely to experience fluctuations in value, influenced by both internal developments and external market conditions. Investors and collectors are advised to stay informed about market trends and project updates to make well-informed decisions in this rapidly changing landscape.

According to Odaily, Cosmo Jiang, a general partner and portfolio manager at Pantera Capital, emphasized the growing importance of fundamental analysis in cryptocurrency investments as the industry matures. Jiang stated that the failure to integrate fundamental investment strategies into the crypto sector would signify a missed opportunity, as all assets ultimately adhere to the laws of gravity. He highlighted that the only aspect that has consistently mattered to investors over millennia is cash flow. Jiang pointed out that the cryptocurrency market, initially driven by retail investors, has grown to a market capitalization of $3.4 trillion. However, he stressed that the continued growth of this asset class hinges on attracting institutional capital, which prioritizes fundamental analysis. He argued that logically, focusing on fundamentals is the only sustainable path to future profitability. Pantera Capital, under Jiang's management, oversees approximately $5 billion in assets. Of this, around 75% is allocated to venture capital instruments, with the remaining portion invested in liquid assets.

MicroStrategy founder and chairman Michael Saylor is a long-time Bitcoin enthusiast. His company has made headlines for hoarding the world's largest cryptocurrency.

On 11 December at 11:07 PM UTC, ChatGPT faced a global outage, sparking frustration and memes on X. As functionality slowly returns, the incident prompts a vital question: are we ready for the challenges of growing AI dependency?

It has been 11 months since the US spot Bitcoin ETF was listed on January 11. How has the BTC ETF developed?

Travala announced a Bitcoin and Ava reserve after surpassing $100 million in annual revenue, driven by crypto-based travel bookings. The reserves aim to strengthen financial flexibility and support future growth without converting digital assets.

Overnight, BTC gained momentum again and reached $100,000. Some netizens found that the top 50 altcoins and meme coins that hit new highs in the last bull market, i.e. 2021-2022, did not outperform BTC in terms of market capitalization.

People frequently search for general concepts like “crypto,” “blockchain,” and “token.” Unsurprisingly, the volume of searches for these keywords is directly proportional to the upward movement of the market.

Google introduced Gemini 2.0, its most advanced multimodal AI, designed for versatile tasks with unmatched capability. Wider access is planned for next year, marking a leap in AI innovation.

A Florida mother sued Character.AI, claiming its chatbot encouraged her son's suicide, sparking broader concerns. Two Texas families have now filed lawsuits, alleging the app harmed their children through psychological abuse and exposure to sexualised content.

Tesla and SpaceX boss Elon Musk's net worth has officially exceeded $400 billion, setting a new record for the world's richest person according to the Bloomberg report.

Google has several experimental AI assistant projects that do different things, like helping users play video games and conduct in-depth research.