December, 2024

December, 2024

a16z Crypto Supports Legal Challenge Against IRS's DeFi Regulations
The lawsuit contests new rules that classify DeFi platforms as brokers and urges for clearer policies to protect the sector's growth....

Frax Community Votes on Using BlackRock’s BUIDL as Stablecoin Collateral
If the proposal is approved, the frxUSD stablecoin will receive backing from Blackrock, Securitize, and Bank of New York Mellon....

Fuel Rolls Out an AI Agent on the Heels of its FUEL Token Launch
Ethereum Layer 2 rollup Fuel Network aims to make it easy to connect existing artificial intelligence agents or create new ones....

Solana Liquid Staking Platform Jito Surpasses $400M in Revenue in Q4
Jito generated record revenue, beating Ethereum's Lido....

Bitget Token Hits All-time High after $5B Burn Announcement
BGB surged as much as 23% to an all-time high of $8.45 before retracing....

Tether Faces Pressure as EU MiCA Compliance Deadline Looms
The stablecoin could face removal from European exchanges if it fails to comply with MiCA, which aims to standardize EU market rules for crypto assets....

Magic Eden’s Token Rallies As Trading Volume Rebounds to Highest Since August
ME is climbing as Magic Eden’s trading volume shows signs of recovery after a prolonged downturn....

IRS Demands KYC for DeFi in “Unlawful” Tax Reporting Rule
The U.S. government agency finalized the rule, requiring identification for DeFi front ends in a “dying gasp on its way out of power.”...

Parcl Achieves $100M Daily Trading Volume as Solana's RWA Sector Grows; OpenCover Reports $100M in Transactions
The Real World Assets (RWA) sector on the Solana blockchain is experiencing significant growth, highlighted by Parcl achieving a record high of $100 million in daily trading volume...

Metaplanet Surges 2200% YTD, CEO Simon Gerovich Says Company Is 'Just Getting Started' with 620 Bitcoin Purchases, Totaling 1,762
Metaplanet has emerged as the best-performing stock in Japan for 2024, with a year-to-date increase of 2,200%...

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