Mind The Block | December Week 4

Mind The Block: Your Weekly Dose of Web3 News and Insights

Mind The Block Headlines This Week

• Binance Launchpool unveils 63rd project, BIO
• Google will allow global crypto wallet ads in 2025
• US and South Korea partner against crypto thefts
• Tether invests $775M in Rumble growth
• Blockchain enhances security, privacy, and user control
• Community Gaming launches Forkast on Ronin
• Curve Dao (CRV) rises 7.33%, defying the trend
• Crypto trends and winning tactics for 2025

News

• Binance Launchpool has unveiled its 63rd project, BIO Protocol (BIO).
• GCL Energy Technology has completed China’s first Real World Asset Tokenization (RWA) project for the photovoltaic industry.
• DMG Blockchain Solutions secures US Patent No. 12,067,572 for Cryptographic Taint Tracking.
• XRP blockchain has experienced significant growth in holders, outpacing giant networks like Bitcoin and Ethereum.
• Nimble Network has launched two major product updates to revolutionize AI and decentralization.
• Chainlink has launched the Chainlink Smart Value Recapture (SVR), an oracle solution designed to help decentralized finance protocols.
• 5ireChain and Kima Network have partnered to enhance Web3 interoperability.
• MoonPay is reportedly considering acquiring crypto e-commerce platform Helio Pay for around $150 million.
• Mask Network and Turbo Shine are transforming e-commerce through blockchain, addressing a global market worth billions.

Extras By Mind The Block

• The Philippines’ digital revolution, marked by blockchain adoption, AI, and fintech, has seen significant advancements in 2024.
• La Rosa Holdings Corp is introducing Bitcoin and other cryptocurrencies as payment options for its network of agents.
• SFT Protocol has partnered with Multiple Network to merge Web3 and DePIN sectors, focusing on cutting-edge upgrades.
• AdEx AURA is an AI-driven on-chain activity analyzer that transforms Web3 interactions by providing tailored insights based on publicly accessible data.
• Analog has launched its Proof-of-Authority mainnet, introducing NPoS consensus, cross-chain messaging, and advanced data queries.
• Allo, a real-world assets tokenization platform, has secured a $100m Bitcoin-backed credit facility to enhance its crypto-backed lending business.
• Cycle X has partnered with Zetrix, a Layer 1 blockchain technology, to create new investment opportunities and integrate $ZETRIX as the platform’s payment method.
• Tron Network has launched its first AI agent on Sun Pump, aiming to compete in the AI blockchain ecosystem.
• Satonomy has launched a beta platform to simplify Bitcoin UTXO and asset management.
• Glacier Network has partnered with OMNIA Protocol to transform blockchain and AI ecosystems.

Major Companies Making Moves

• Google has announced a new policy allowing global ads for crypto hardware wallets starting January 2025.
• Crypto exchange Gate.io has secured a deal to buy domestic trading platform Coin Master, marking its return to Japan.
• Nokia has filed a blockchain patent to enhance digital asset security in the blockchain ecosystem.
• Uniswap Labs and Blockaid have partnered to develop a new token warning system.
• Crypto.com has launched an institutional custody service known as Crypto.com Custody Trust Company in the US.

Government, SEC & Regulation

• The US and South Korea have partnered to develop new strategies against North Korea-linked crypto thefts.
• Botswana’s central bank has called for crypto regulations to mitigate future risks.
• The IRS has declared crypto staking rewards taxable as soon as received, paving the way for the tax treatment of PoS rewards in the U.S.
• Singapore leads in attracting crypto firms to its shores, outbidding Hong Kong in 2024 with 13 licenses despite cautious licensing regimes in Hong Kong.
• Unverified reports suggest the UAE holds over $40 billion in Bitcoin, potentially surpassing the U.S. and China.
• Hong Kong’s Stablecoin Act aims to ensure financial stability, protect public trust, and drive Web3 economy growth, but its success remains uncertain.
• Ukraine lost $200M in taxes from digital asset exchanges over the past four years.
• Thailand’s government has updated tax regulations for cryptocurrencies and digital tokens, classifying them as digital assets.
• The Philippine Securities and Exchange Commission (SEC) has proposed new rules for crypto service providers.

Raises & Major Investments rounds

• Tether has invested $775 million in YouTube rival Rumble, with $250 million used for growth initiatives.
• Prometheum, a tokenized securities firm, raised $20 million to expand its offerings.
• Avalon Labs has raised $10 million in an early-stage funding round to expand its bitcoin-based stablecoin, USDa.
• Layer 1 network enabling ESG compliance Trrue Chain secures $10M investment commitment from GEM Digital Limited.

Trends& Narrative

• Blockchain applications transform digital interaction by enhancing data security, privacy, and user empowerment.
• SEALSQ Corp is developing innovative solutions to address quantum computing risks, including the QUASARS project, which focuses on Post-Quantum Cryptography.
• Tokenovate CEO Richard Baker discusses the potential of blockchain for a smarter, more efficient financial world.
• Binance.US CEO Norman Reed predicts digital assets will become crucial to mainstream finance in 2025.
• Lunex Network ($LNEX) is changing decentralized finance (DeFi) with its cross-chain protocol, providing unparalleled interoperability and privacy.

NFTs, Gaming, Metaverse

• Community Gaming is set to launch Forkast, a game prediction market built on Ethereum sidechain Ronin.
• NFTMozaic, the newest project in the Polkadot ecosystem, has secured a Decentralized Futures Grant from the Web3 Foundation.
• Gameta has announced an exclusive collaboration with Jump.fun to enhance the gaming experience.
• Shelby American and Vanar Chain are partnering to launch the “Shelbyverse,” blending high-performance cars with Web3 technology.
• The PlayToEarn Blockchain Game Awards 2024 has announced its winners, including 18 champions and a record-breaking prize pool exceeding $2 million.
• Compressed NFTs (cNFTs) are non-fungible tokens (NFTs) on the Solana blockchain that use state compression technology to store data efficiently.
• Zenqira has partnered with Metagalaxy Land, a blockchain-based metaverse platform, to revolutionize the metaverse and Web3.

Onchain Data

• Dogecoin (DOGE) could face a prolonged period of pain, followed by an explosive rally starting in April 2025.
• Hedera (HBAR)’s market cap is at $10.11 billion, up from its peak of $14.20 billion.
• Curve Dao (CRV) has risen 7.33% in the past 24 hours, defying the crypto market trend.
• AAVE price surged for the second consecutive day, erasing losses from last week as smart money investors bought in and exchange balances declined.
• Stellar (XLM) ‘s price has dropped 29% in 30 days from its 2021 highs despite a bearish trend.

Educational Guides and Tips from Mind the Block

• 6 best Crypto scalping strategies: Maximize your returns.
• Unveiling the metrics: Understanding the market value of leading crypto exchanges.
• What is Grevm 1.0? The ‘ultra-fast’ engine powering Galxe’s gravity blockchain.
• Lisk airdrop tutorial – A step-by-step tutorial for earning $Lsk.
• Stay ahead of the curve: Crypto trends and winning tactics for 2025.

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