On December 3, the L1 blockchain Gravity launched by the Galxe team has released Litepaper on Github and will be launched on the testnet in the first quarter of 2025. It is reported that Gravity achieves more than 1 billion hash operations per second, millisecond finalization time and parallel EVM operations. Gravity provides enterprise-level security through re-staking protocols such as EigenLayer and Babylon, while taking into account seamless cross-chain interoperability. At the same time, Gravity will launch a series of tools to help Web3 developers reshape blockchain development: Grevm (Gravity EVM): ultra-fast and efficient smart contract runtime; GravityDB: scalable state management, supporting complex applications; Gravity Intent Protocol: easy cross-chain interoperability; Gravity Chain: EVM compatible, supporting large-scale multi-chain applications.

Jupiter posted on X that the second Jupuary vote will start about an hour later, at 12:00 Beijing time. The community is welcome to attend the J.U.P rally at 3:30 am UTC to listen to comments on the collected feedback and proposed changes. Voting will then begin during the call.

According to PANews, data compiled by Visa reveals that stablecoin transactions exceeded $700 billion in November, setting a new record and nearing the annual transaction volume of payment giant Visa. Among these transactions, Tether's USDT accounted for $500 billion, with $314 billion conducted on the Tron blockchain and $247 billion on Ethereum. If stablecoins maintain this monthly growth rate, they could achieve an annual transaction volume of $8.4 trillion next year, comparable to Visa's $12.3 trillion in 2023. This growth is attributed to Tron's low cost and high speed, alongside an increase in stablecoin supply on the Ethereum blockchain. These factors highlight the differing use cases for stablecoins across various blockchains: Tron is more payment-oriented, while Ethereum is predominantly used for DeFi lending. The total market capitalization of stablecoins has also reached a historic high, surpassing $193 billion, further indicating their potential in both the crypto market and mainstream payment sectors.

According to the official announcement, Gate.io Contract will launch a limited-time reward event from December 4 to December 18, 2024 (UTC). During the event, users who complete registration or trading will have the opportunity to share a $20,000 reward. It is understood that new registered users or users who trade contracts for the first time can get a $10 reward by completing the task, with a total amount of $8,000, on a first-come, first-served basis. All registered users who have a cumulative contract trading volume of 5,000 USDT can share $12,000. In addition, 20 people will be randomly selected from the general users and VIP1-5 users who register daily to receive a VIP level +1 (30 days) privilege reward. CoinGecko data shows that Gate.io has cumulatively supported more than 500 perpetual contract currencies and more than 19 million users worldwide.

According to Foresight News, Saga, a modular blockchain platform, has issued a statement regarding a security incident involving the SG-1 account. The platform confirmed that the account keys for SG-1 (@sg1_online) were compromised. However, they assured users that no funds were affected and the network remains secure. In response to the breach, Saga has launched a new SG-1 validator node to maintain the integrity of its operations. The foundation has also taken steps to unbond 16 million Saga tokens from the compromised SG-1 account. Users who had previously delegated their tokens to the old SG-1 node are advised to re-delegate to ensure their assets are managed securely. Saga's swift action in addressing the key leak highlights its commitment to maintaining a secure blockchain environment. The platform's proactive measures aim to reassure users of the network's resilience and the safety of their assets. By launching a new validator node and unbonding tokens from the compromised account, Saga demonstrates its dedication to transparency and security in the blockchain space.

According to BlockBeats, on December 4, the leadership of South Korea's ruling People Power Party convened a closed-door Supreme Council meeting at the National Assembly. During this meeting, Kim Jong-hyuk, a senior member of the party, informed the media that the discussions centered around significant political maneuvers, including the potential resignation of President Yoon Suk-yeol from the party and the collective resignation of the cabinet. These measures are being considered as a response to President Yoon's issuance of an emergency martial law order. The discussions reflect the growing political tension within the ruling party as it grapples with the implications of the emergency order. The potential resignation of President Yoon from the party could signal a major shift in the political landscape, affecting both domestic and international perceptions of South Korea's governance. The consideration of a full cabinet resignation further underscores the gravity of the situation, as it would entail a comprehensive reshuffle of the country's executive branch. These developments come at a critical time for South Korea, as the government faces various challenges both at home and abroad. The ruling party's deliberations indicate a strategic approach to addressing the political crisis, aiming to stabilize the situation and restore public confidence. The outcome of these discussions could have far-reaching consequences for the country's political stability and future policy directions.

A spokesman for the White House National Security Council said in a statement that the South Korean president issued an emergency martial law order "without prior notice" to the Biden administration, and the White House did not receive any notification.

According to the official website of Huobi HTX, the HTX token rose to $0.000003596 this morning, setting a new record high. The price of HTX has risen by nearly 350% since it bottomed out at $0.0000008 in early August. Previously, HTX DAO has decided to convert HTX used for liquidity donations to direct destruction starting from the fourth quarter of 2024, and 50% of Huobi HTX's quarterly revenue will be used to directly destroy HTX. In addition, TRON tokens TRX and SUN rose by 56% and 48% today, respectively.

Peter Todd, a Canadian computer scientist and Bitcoin Core developer, recently wrote a blog post describing the feasibility of building a Bitcoin mining facility in the vacuum of space. Todd claims that cryptocurrency mining in space is not only possible with existing technology, but also economically feasible if the cost of sending goods into space can be reduced. The idea of ​​cryptocurrency mining in space has been discussed in the community for years. Supporters often point out that space mining operations can use unlimited solar energy and will not leave any carbon footprint on Earth. Opponents, however, warn that there may be inherent centralization due to the relatively high cost of deploying, building and operating extra-planetary mining facilities. On the technical side, both parties seem to agree that even if it is economically feasible to launch such a project, there are some obstacles that need to be overcome to conduct operations in space. His post questions the assertion that cooling mines in space will be a problem, saying that the nature of space allows for radiative cooling, that is, the dissipation of heat through thermal radiation. He further added that through a combination of sun-synchronous orbits and proximal positioning, latency can be controlled to a negligible level. In addition, Todd supports his claims with calculations and simplified explanations. According to Todd, “there is nothing fundamentally preventing space mining from being possible.” However, he went on to point out that this technical feasibility does not mean that such facilities will be built anytime soon. (Cointelegraph)

Shiba Inu gains momentum with a surge in network growth as new wallet addresses hit yearly highs. source: https://ambcrypto.com/shiba-inus-network-surges-sustained-growth-or-temporary-hype/

President-elect Trump has approached pro-crypto advocate Paul Atkins to lead the SEC, but insiders say the challenge of reforming Gensler's contentious agency may dissuade him.

Former Celsius CEO Alex Mashinsky pleaded guilty to commodities fraud and manipulating the CEL token, facing up to 30 years in prison. source: https://coincu.com/295116-former-celsius-ceo-pleads-guilty-to-fraud

This article uses the chaebol economy as a starting point to analyze South Korea's path to modernization and to reflect on the East Asian paradigm behind it.

Meme coin has almost occupied the top position in this round of bull market. Why? Because it has several unique characteristics.

My preference for productive assets with development arcs remains the same, but my appreciation for the broader potential of memecoin is much broader.

Virgin Voyages is making history as the first cruise line to accept Bitcoin, expanding on its innovative seasonal passes for unlimited voyages. Will this bold move chart success or face rough seas?

South Korean President Yoon Seok-yeol lifted martial law six hours after tensions mounted in the country's National Assembly.

South Korean President Yoon Seok-yeol suddenly declared a state of martial law across the country and emphasized in a televised speech that the move was aimed at "protecting a free South Korea, resisting the threat of North Korean communist forces, and eliminating anti-national forces from the North (pro-North Korea)."

The world’s largest cryptocurrency exchange has $21.6 billion in user funds deposited.

Recently, we have seen a lot of progress in Ethereum wallets to improve user experience, security, and functionality.