alpha un# weekly roundup

11th Dec 2024 to 17th Dec 2024

December 18, 2024 • Estimated Reading Time: 6 minutes

This week, along with BTC seeing new highs, Ethereum (ETH) hit $4,055 amid optimism surrounding Ethereum 2.0 upgrades. The global crypto market capitalization surged to $3.8 trillion.

The U.S. Securities and Exchange Commission (SEC) is working on clearer regulations for institutional investors, while the European Union advances the Markets in Crypto-Assets (MiCA) regulations for crypto. Additionally, China is exploring blockchain integration into its digital economy.

Meanwhile, as stablecoins continue to find more traction and adoption, reaching over $150bn, Ripple launched its stablecoin too, RLUSD. And MicroStrategy purchased another $1.5 billion in Bitcoin, bringing its total holdings to $46 billion.

DeFi highlights:

The DeFi sector continued its upward trajectory, with Total Value Locked (TVL) reaching over $133.88 billion as of December 9, a 150% increase since the start of the year.

NFTs are increasingly converging with DeFi, as projects like Pudgy Penguins expand onto Solana. Decentralized Autonomous Organizations (DAOs) also gained traction, with several launching airdrops to expand their user bases, highlighting the rise of community-driven governance models.

This week marked a significant milestone for crypto, with advancements across DeFi, institutional adoption, and global regulations.

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disclaimer: 

this newsletter is for informational purposes only and should not be considered financial or investment advice. The information provided does not constitute a recommendation to buy, sell, or hold any digital asset or engage in any specific DeFi strategy. always conduct your own research and consult with a qualified financial advisor before making any investment decisions. know more