Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem.

The company purchased 5,262 bitcoins for approximately $561 million between December 16 and December 22, 2024, at an average price of $106,662. As of December 22, 2024, MicroStrategy and its subsidiaries held a total of 444,262 bitcoins, with a cumulative purchase cost of approximately $27.7 billion and an average price of $62,257 per bitcoin. The company said the funds for this bitcoin purchase came from its stock issuance proceeds.

The proposed legislation aims to strike a delicate balance: ensuring financial stability and protecting public trust while driving growth in the Web3 economy. But will it succeed in achieving that goal?

Telegram founder Pavel Durov posted on his personal channel that Telegram will make a profit for the first time in 2024. This year, the number of Telegram Premium subscribers has tripled to over 12 million, and advertising revenue has also increased several times. The total revenue for the year exceeded $1 billion, and the year-end cash reserves exceeded $500 million (excluding crypto assets).

The stablecoin market has grown rapidly and has become an important force in the digital economy, even competing with traditional financial networks. Although mature blockchains such as Ethereum, Tron, and BSC currently dominate stablecoin activities, TON and Sui are injecting differentiated competitiveness into the stablecoin market through innovative approaches.

A massive net outflow of $576 million was recorded on December 19, bringing the total outflow over the weekend to $1 billion. Ethereum saw an inflow of $51 million, while Solana saw an outflow of $8.7 million.

Bio Protocol (BIO) has become the 63rd Launchpool project on Binance. It will officially open users to obtain BIO airdrop rewards by staking BNB and FDUSD for 10 days at 08:00 (Beijing time) on December 24. Binance plans to launch BIO at 18:00 (Beijing time) on January 3, 2025, and open BIO/USDT, BIO/BNB, BIO/FDUSD and BIO/TRY trading pairs.

According to official news, Binance Alpha announced the fifth batch of project lists, namely MGP, ZEREBRO, COOKIE, WHALES and ORDER. MGP was included in the fourth batch.

It can be said that any product or technology of OKX will become a customer service at some point in time.

Under the guise of "marketing, promotion and customer prospecting," lists of sensitive information about participants at cryptocurrency industry events have been illegally sold, becoming a treasure trove of data coveted by scammers and malicious actors. These lists detail the full names, phone numbers, nationalities, positions, companies, and personal and business social media links of participants, which are often collected during the registration process for events at conferences or branch venues. Cointelegraph obtained a "sample" of the list from a seller via Telegram, including four lists from different events, each with approximately 60 to 100 participants and containing different data points. Most of the activities took place in the fall of 2024, with participants from multiple countries including Southeast Asia and India. This indicates the existence of an organized international trade in data on participants in blockchain events.