Tether and Circle earned more than $10 billion in 2023, with a valuation of over $200 billion, but this wealth has nothing to do with users - their model is to privatize the profits of user deposits while transferring risks to society. Such a mechanism is exactly the same as the problems of traditional banking, and completely deviates from the original intention of decentralized finance. Usual provides a new idea for stablecoins: redistribute value and power, so that users can truly become the masters of the system. Through governance tokens, Usual returns all the income and decision-making power generated by the protocol to the community, allowing every participant to share the dividends of ecological growth.

In 2024, the public chain industry will complete the key transformation from technological competition to application implementation, and the influx of institutional capital and innovative applications will drive the industry scale to exceed US$2.8 trillion.

The FEG bridge was attacked on December 29, 2024. The problem was caused by a logical error in the cross-chain message processing of the relay contract. The contract was deployed by an address funded by the FEG team and had no connection with the Wormhole team.

At 2:17, 2:42, 2:57 and 5:12 am Beijing time today, USDC Treasury minted 100 million USDC on the Ethereum and Algorand chains (the last time), totaling 400 million USDC.

According to on-chain data monitored by ZachXBT, the Blockchain Bandit attacker has become active again after years of dormancy, and has collected a total of 51,000 ETH (approximately US$172.2 million) into a multi-signature address (0xC45C…D542).

In the cryptocurrency market, the main players make profits by accumulating funds and distributing them. In this process, the position holding behavior on the chain will inevitably change. These behaviors can be collected and converted into trading signals.

AlloyX, an Asia-based aggregation sales infrastructure platform, announced the completion of a $10 million Pre-A round of financing to expand global stablecoin infrastructure construction and plans to expand its business in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS. This financing follows major developments in the stablecoin payment field, including Stripe's acquisition of Bridge for $1.1 billion and BVNK's $50 million Series B financing at a valuation of $750 million.

30 minutes ago, USDT issuer Tether withdrew 7628.9 BTC (about 705 million US dollars) from Bitfinex. This should be the BTC purchased by Tether this quarter: Tether announced in May 2023 that it would regularly use 15% of the company's profits to purchase Bitcoin to enhance its reserves.

Parity Technologies, the parent company of Polkadot, released the Polkadot 2025 roadmap. The highlights are as follows:

Binance Alpha announced a new list of projects, including: COCO, vvaifu, MIRA, SKI, and ALCH.

MicroStrategy announced that between December 23, 2024 and December 29, 2024, the company has sold a total of 592,987 shares under the Underwriting Agreement, and MicroStrategy received a total net proceeds of approximately US$209 million (after deducting underwriting commissions). As of December 29, 2024, there are still approximately US$6.88 billion of shares available for issuance and sale under the underwriting agreement. PANews reported on December 30,