alpha un# weekly roundup

18th Dec 2024 to 24th Dec 2024

December 25, 2024 • Estimated Reading Time: 5 minutes

Crypto markets wrapped up the year on a high note, as a festive ‘Santa rally’ sparked a 5% recovery, with altcoins leading the charge. In a big win for the crypto ecosystem, Hong Kong solidified its status as a digital asset hub by approving four more exchanges, bringing the total to seven.

As we head into the new year, all eyes are on potential regulatory shifts under President Donald Trump, with hopes rising for a more crypto-friendly approach. However, the darker side of the market remains a concern: hacks have cost the industry $2.2 billion in 2024, a 21% increase from last year, according to Chainalysis.

DeFi highlights:

DeFi remained strong with $133.88 billion in Total Value Locked (TVL), despite broader market pressures. The trend of liquid restaking continued to gain momentum, driving $10 billion in new liquidity into the ecosystem. DAOs (Decentralized Autonomous Organizations) leveraged airdrops and community-focused initiatives to further grow their user bases, underscoring DeFi’s expanding influence and its pivotal role in the future of decentralized finance.

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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