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The post-election rally is cooling off, and meme coin trading volume has dropped 52% since early December. Yet, just a year ago, the 24-hour trading volume of meme coins stood at $1.75B. Today, it’s at $11.55B – 560% higher.
Phala Network launches Op-Succinct rollup on Ethereum through a partnership with Succinct Labs and Conduit.
Combining Optimistic Rollups and ZK proofs, Op-Succinct offers faster, cheaper transactions with strong cryptographic security.
Phala also launched Phala Cloud, a secure platform designed for AI applications.
Bitcoin briefly cleared the 100k mark after overcoming December’s sell pressure, though it has since pulled back to 95k. No major crypto-specific drivers are expected until after Trump’s January 20 inauguration, which could spark mild optimism if crypto plans are mentioned. Regulatory advances in 2024 set the stage for potentially game-changing developments in 2025, likely cementing digital assets in mainstream finance. Key macro data and potential liquidity injections in January may create near-term trading opportunities.
Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.
Coinbase International has launched COW perpetual contracts. COW-PERP market limit, market, stop loss, and stop loss limit orders are now all available.
Binance will delist the following trading pairs on December 10, 2024: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Additionally, Binance Futures will close all positions and automatically settle the KEYUSDT and RENUSDT USDⓈ-M perpetual contracts on December 3, 2024 at 09:00 (UTC). After the settlement is completed, the contracts will be delisted.
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