CoinDiary

India Blockchain Week 2024, Spotlight on the stall DRIFE. #coindiary #coindiaryapp #ibw #ibw2024 #supra #bitcoin #btc #drife

The 2024 crypto surge, fueled by Bitcoin's historic rise to $106K, has catapulted memecoins to new heights, pushing their collective market cap past $140 billion. Popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), alongside new viral stars like Dogwifhat (WIF) and Peanut the Squirrel (PNUT), thrived on community support and social media hype. Platforms like Pump.fun and SunPump revolutionized fair token launches, making it easier to create and distribute new memecoins. Memecoins evolved from jokes into serious assets with massive followings. Comment your thoughts below. #coindiary #coindiaryapp #PumpFunLaunch #sunpump #dogecoin #shibainu #dogwifhat #pnut #tron #usdt #usdc #memecoins #memecoin

Bankrupt crypto exchange FTX has teamed up with BitGo and Kraken Digital Asset Exchange to oversee the distribution of recovered funds, allowing creditors to receive repayments in stablecoins. Initial payouts will begin January 3, 2025, under FTX’s Chapter 11 plan. Creditors must complete KYC verification, submit tax forms, and onboard with either BitGo or Kraken by the deadline. The "Convenience Class" (98% of creditors) will receive 119% of their allowed claims, based on holdings as of November 2022. Users in unsupported jurisdictions remain concerned about accessing their payouts. FTX has promised updates through official channels, urging creditors to stay alert for phishing scams and verify all communications. #coindiary #coindiaryapp #ftx #bitgo #kraken

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Binance dominates the cryptocurrency landscape in 2024, recording an astounding $24 billion in user deposits and growing its global user base to 250 million. Data from DefiLlama reveals Binance’s inflows outpaced the next 10 exchanges combined, with Bybit ($8.2B) and okx ($5.3B) trailing far behind. Key Reasons: Regulatory wins, Bitcoin ETF launches in major markets like the U.S. and Hong Kong, and record-breaking price milestones have fueled this surge in adoption. Institutional adoption has skyrocketed, with the average Bitcoin deposit increasing nearly fivefold to 1.65 BTC and Tether deposits surging from $19,600 to $230,000. Binance also became the first centralized exchange to surpass $100 trillion in lifetime trading volume, reinforcing its leadership as the most trusted and widely used platform. Despite the rise of decentralized exchanges, centralized platforms like Binance continue to dominate, with CEXs generating $276 billion in daily trading volume compared to $28.5 billion by DEXs. Binance’s strategic initiatives, including wallet transparency and integration of institutional capital, have set a benchmark for innovation and trust in the crypto industry. #coindiary #coindiaryapp $btc

@avax 's game-changing upgrade, Avalanche9000, is set to redefine blockchain development with a 99.9% cost reduction and seamless interchain communication. Backed by $250M in funding from industry giants like #GalaxyDigital and #Dragonfly, the upgrade launches on December 16, paving the way for unprecedented scalability in #DeFi, gaming, and beyond. Avanlanche: #Avalanche, a #Layer1 blockchain powerhouse, is redefining scalability and efficiency with its innovative three-chain architecture (X-Chain, C-Chain, P-Chain) and unparalleled transaction speed of 6,500 TPS. As Ethereum-based projects like SushiSwap and TrueUSD integrate with Avalanche, its mission to surpass #Ethereum in the smart contract space is gaining momentum #coindiary #coindiaryapp $avax

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#BlackRock and #Fidelity have collectively invested $500 million in Ethereum through spot ETFs—regulated investment funds that allow easier access to Ethereum without needing to directly hold the asset. Their purchases coincided with record-breaking inflows into Ethereum #ETFs like ETHA (BlackRock) and FETH (Fidelity). This institutional investment has boosted Ethereum’s price, which surged over 6% to nearly $4,000. The massive inflow of capital signals growing trust in cryptocurrencies by traditional financial players, further legitimizing digital assets in the mainstream financial ecosystem. #Ethereum is the second-largest cryptocurrency and blockchain platform. It powers decentralized apps, smart contracts, #DeFi, and #NFTs, with #ETH as its native token. #BlackRock is the world’s largest asset manager, overseeing trillions of dollars in investments globally. It plays a key role in shaping financial markets. #Fidelity is a financial services giant offering investment management, retirement solutions, and wealth advisory services to millions. #coindiary #coindiaryapp #etf

Raydium a decentralized exchange on @solana has surpassed Uniswap to become the leading DEX by trading volume across all chains, according to Matt Kreiser, a research analyst at #Messari #Raydium recorded $125 billion in monthly trading volume, outperforming #Uniswap $91 billion by nearly 30% for two consecutive months. This achievement stems from Raydium's dominance over Solana's daily DEX volume, capturing over 60% since October 2024. Notably, Solana now holds 50% of the total monthly DEX volume across chains, significantly outpacing #Ethereum's 18%. Key drivers of Raydium's success include its March 2024 V3 launch, which introduced advanced portfolio management tools, revamped liquidity pools, and an enhanced user experience. Additionally, November saw a surge in memecoin trading, boosted by partnerships with Solana’s Pump.fun launchpad, which funneled liquidity into Raydium's pools. Memecoin trading accounted for 65% of Raydium's daily trading volume by November 2024, with the platform averaging nearly $2 billion in daily memecoin trades. This reflects Raydium's alignment with market trends and its ability to capture a growing share of the DeFi market. Raydium's consistent innovations and strategic moves have solidified its position as the top DEX, reshaping the competitive landscape of decentralized exchanges. #coindiary #coindiaryapp #solana #raydium $sol

#mantanetwork #manta #coindiary #coindiaryapp #IBW2024 #ibw Manta Network (MANTA)