What Happened in the Web3 World This Week?
Today marks the 16th anniversary of Bitcoin's entry into our lives. Happy birthday, Bitcoin! ❤️
Solana Adds $1 Billion in Stablecoins in December
Solana's network saw an addition of $1 billion in stablecoins in December, with USDC making up the majority. The platform now holds around $5 billion in stablecoins, including $4 billion in USDC.
Read more here.
Grayscale Updates High-Potential Token List
Grayscale shared its updated list of 20 high-potential tokens in a report outlining expectations for Q1 2025. Six new tokens—HYPE, ENA, VIRTUAL, JUP, JTO, and GRASS—were added, while NEAR, STX, MKR, CELO, UMA, and TON were removed from the list.
Read more here.
Squid Game Token Scams Spread Across Crypto Markets
Following the release of Netflix's Squid Game Season 2, numerous tokens bearing the show's name have flooded the market. Blockchain security firm PeckShield has warned users about the risks of scams and rug pulls associated with these tokens.
Read more here.
Elon Musk’s Pepe Profile Picture Sparks PEPE Token Volatility
Elon Musk changed his X profile picture to Pepe, causing volatile price movements in PEPE Token. The move drew attention due to its connection with popular Pepe visuals in the Grok app.
Read more here.
How to Buy a Home with a Crypto-Backed Loan
Crypto-backed loans allow you to purchase a home by using digital assets like Bitcoin or Ethereum as collateral, enabling financing without selling your holdings. Platforms like Nexo and Ledn offer quick approvals and flexible repayment plans, but risks such as crypto volatility and regulatory issues should be carefully considered.
Read more here.
Bitcoin and Crypto Suggested for Economic Stability in Syria
Following the fall of the Assad regime, Syria's Economic Research Center proposed legalizing Bitcoin and cryptocurrencies to stabilize the economy and attract foreign investments. The report also highlighted solutions like a Bitcoin-backed CBDC and leveraging energy resources for Bitcoin mining.
Read more here.
Bitcoin Turns 16: The Genesis Block and Satoshi's Message
Bitcoin was born on January 3, 2009, when Satoshi Nakamoto mined the first block. The message embedded in the Genesis Block, "Chancellor on brink of second bailout for banks," symbolizes Bitcoin's creation as an alternative to economic crises.
Read more here.
Terra LUNA Founder Do Kwon Extradited to the U.S.
Montenegro's Prime Minister Milojko Spajic announced the completion of Terra LUNA founder Do Kwon's extradition to the U.S. Kwon will face trial for charges related to the collapse of Terra LUNA.
Read more here.
