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INDONESIA SEES A 352% INCREASE IN YEARLY CRYPTO MARKET VOLUME: DETAILS... - Indonesia’s crypto sector continues to break records, with the country’s total crypto transactions reaching over $30 billion (475 trillion IDR) by October 2024. - This marks a massive 352% increase compared to the $6.5 billion in transactions during the same period last year. Key Highlights: - From $6.5B in 2023 to $30B in 2024, the Indonesian crypto market has grown significantly, surpassing the combined total of $19.4B in 2022 and $6.5B in 2023. - Indonesia now boasts 21 million crypto traders, with 716,000 actively transacting through seven licensed exchanges. This places Indonesia as one of the largest crypto trading countries globally. - The most popular crypto assets in October 2024 were Tether (USDT), Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and Pepe (PEPE). - Between 2022 and October 2024, Indonesia’s tax revenue from crypto transactions reached IDR 942.88 billion. - Despite the substantial growth, Indonesia's crypto market is still below the 2021 peak of $54B in transactions, which was driven by a bullish crypto market. - Worth noting, Indonesia remains one of the fastest-growing crypto markets globally, ranking alongside India and Nigeria in the Chainalysis Global Crypto Adoption Index. [Image generated by BSCN using AI]

SOL SNIPER LAUNCHES REPORTEDLY THE FIRST MEMECOIN TRADING BOT ON X - solsniperxyz, a Solana-based NFT analysis and trading platform, has officially launched SniperX, reportedly the first memecoin trading bot integrated with X (formerly Twitter). What is SniperX? - SniperX allows traders to buy memecoins directly from their X timeline by integrating essential trading features into the platform. Key Features: - Traders can view live prices, volumes, and candlestick charts without leaving the app. - Per reports, one can also access trending tokens, influencer activity, and rankings to identify the “next big” memecoin. - Users can buy memecoins using their tickers and contract addresses directly on X. - Traders can earn a portion of trading fees when friends join via referrals. Memecoins on Solana: - The rise of memecoins on Solana has been explosive. Platforms like Pump fun, which allow users to create tokens, have fueled this growth. - In November alone, memecoins generated 62.3% of decentralized exchange (DEX) transactions on Solana. - Tokens like PNUT, GOAT, and CHILLGUY, created on Pump fun, have become cultural icons, driving attention to the network. [Image generated by BSCN using AI]

HEDERA GUARDIAN TO ENABLE 1MTN TO LAUNCH 50,000 TONNES OF DIGITAL CARBON FORWARDS - Hedera Guardian will facilitate 1MTN to release 50,000 tonnes of digital carbon forwards for sale via Evercity Key Highlights: - Digital Carbon Forwards are contracts for future delivery of carbon credits, addressing the upfront financing gap in nature-based carbon projects. - The Evercity platform reportedly enables transparent, secure digital carbon credits via blockchain, ensuring trust and traceability. - 1MTN’s project will revitalize 10,000 hectares of degraded land in Uganda by planting fast-growing bamboo, enhancing carbon removal. - Hedera Guardian is a blockchain-based platform providing immutable transaction records and auditable links to real-world projects, ensuring transparency and trust. - Per reports, carbon credits will be fully traceable and secure, offering fast, low-cost transactions through Hedera’s scalability. - This announcement follows a recent Hedera HBAR spot ETF filing with the SEC by Canary Capital. [Image generated by BSCN using AI]

BABYDOGE EXPANDS TO SOLANA: DETAILS - BabyDogeCoin officially expanded to the Solana blockchain. This development comes after a proposal to launch on Solana passed with 100% community approval vote, last June. What’s New? - BabyDoge now has a live bridge website, allowing transfers between Ethereum (ETH), BNB Chain, and Solana. - A small 1% fee will be applied to every bridge transaction. A portion of this fee will be used to burn BabyDoge tokens, adding a deflationary element to the token’s supply. Why Solana? - According to the BabyDoge team, Solana processes over 65,000 transactions per second (TPS), substantially faster than most blockchains. This ensures that BabyDoge users can enjoy quick, seamless transactions, even during high-demand periods. - Per reports, Solana’s low transaction fees (as low as $0.00025) make it more cost-effective than Ethereum, especially for meme coins like BabyDoge, which often see high transaction volumes. - Solana has rapidly become one of the most popular blockchain ecosystems, boasting over 1 million active users and $9.116 billion in TVL (Total Value Locked). Images: BabyDoge and Solana X account

HYPERLIQUID HYPE TOKEN LAUNCH: WHAT YOU NEED TO KNOW - HyperliquidX, a decentralized exchange, unveiled its native token, $HYPE, as part of a highly anticipated genesis event. Key Highlights of the Launch: - 23.8% of HYPE tokens are allocated to current and future core contributors. Tokens for future contributors will be locked for one year. - A substantial 76.2% of the token supply is dedicated to the community, encompassing rewards, emissions, and grants, ensuring users remain at the center of the ecosystem. - 31% of the total supply of HYPE tokens—equivalent to 310 million tokens—will be airdropped to early adopters who participated in a campaign ending in May. This reward recognizes and incentivizes user engagement during the platform's growth phase. - HyperLiquid has confirmed that no tokens have been allocated to private investors, centralized exchanges, or market makers - The genesis event, marking the token's official launch, went live at 07:30 UTC on November 29. Token Utilities: - The HYPE token is designed to serve multiple critical functions within HyperLiquid’s ecosystem: - HYPE powers HyperLiquid’s execution environment, HyperEVM, enabling developers to build innovative decentralized applications (dApps) on the platform. - Users can trade HYPE against USDC on HyperLiquid’s decentralized exchange. The token supports both spot and perpetual trading, adding liquidity and utility to the platform. - HYPE plays a vital role in securing the network through the HyperBFT consensus mechanism, a high-performance proof-of-stake system that ensures the blockchain's reliability and decentralization. - The token serves as the fuel for new features, from governance to community-driven rewards. Token Distribution Plan at a Glance: The maximum supply of HYPE is capped at 1 billion tokens, distributed as follows: - 31% (310 million): Genesis airdrop to early users. - 38.8% (388 million): Reserved for future emissions and community rewards. - 23.8% (238 million): Allocated to current and future core contributors, with a one-year lock-up for future allocations. - 6% (60 million): Set aside for the Hyper Foundation’s operational budget. - 0.3% (300,000): Allocated for community grants to support ecosystem projects. About HyperLiquid: - According to the HyperLiquid team, the platform combines the user experience of centralized exchanges with the transparency and self-custody ethos of decentralized finance (DeFi). The platform is powered by: - HyperBFT Consensus Mechanism: A proof-of-stake algorithm designed for high throughput and near-instant transaction finality. - Native Decentralized Exchange: HyperLiquid’s DEX features advanced financial tools, including a spot order book supporting the HYPE/USDC trading pair. - Developer Infrastructure: The HyperEVM layer allows developers to build scalable, trustless applications using HYPE as the gas token.

JUSTIN SUN SET TO PURCHASE 100,000 BANANAS FROM THE SIDEWALK FRUIT VENDOR WHO SOLD $6.2M BANANA FOR 25 CENTS - In what seems like a show of appreciation, trondao founder Justin Sun is set to reward the vendor who sold the 25 cent Banana auctioned for $6.2M. - The vendor, Mr. Shah Alam, is set to benefit from being linked to the historic auction sale after Sun decided to purchase 100,000 bananas from his stand. - According to Sun's X post, the bananas, when purchased, will be distributed free worldwide through his stand in New York's Upper East Side. The crypto entrepreneur also teased that individuals must showcase a valid ID to claim one. More Information: - The event celebrates the "beautiful connection between everyday life and art," Sun posted, adding that he hopes the gesture will share the meaning of the art story with many individuals. - After selling the fruit, 74-year-old Mr Shah became a crucial contributor to the artwork auction. It is now a significant cultural piece that will remain in the history books. - "Mr. Alam’s contribution to this extraordinary artwork is indispensable, highlighting the boundless possibilities and value hidden in everyday life. I hope this initiative will bring his story to a broader audience and, one day, I look forward to visiting his fruit stand in person to express my gratitude again." From 25 Cents to Fortune - This latest development represents Mr. Shah's tale of good fortune. - Following the Banana's sale, he continued his life as usual until he heard what came of it. When he was told about the auction sale, he cried, stating that he had never seen that kind of money before. - “I am a poor man. I have never had this kind of money; I have never seen this kind of money,” Mr Shah said in tears after he heard the sale price. - Now, he will become the center attraction following his involvement in this unique piece of art. [Images obtained from Justin Sun's X account]

CRYPTO COMMUNITY PREDICTS MASSIVE MARKET PUMP AS TETHER MOVES A SIGNIFICANT SUM TO BINANCE - Whale Alert recently revealed that Tether moved almost half a billion dollars worth of $USDT from its treasury to Binance. - The main question on everyone's lips remains: Why did this happen, and what does it mean for the crypto community? Mixed Reactions Amid Huge Transfer: - The specific amount, 495,375,113 USD, has drawn mixed reactions from several users in the crypto space, with some suggesting that the largest stablecoin provider might be shifting focus to purchasing $BTC. - Generally, the overall sentiment is that the platform wants to purchase the flagship asset, representing a bullish market condition. However, as always, the crypto market is always unpredictable. - The button line is that Tether has made a significant move that could signal some weighty market activity. Is there a massive pump or a "whale getting ready for a play," as X users currently post? [Image obtained from Binance and Tether X Accounts]

METAPLANET PLANS TO RAISE APPROXIMATELY $62M TO PURCHASE MORE BITCOIN - In A November 28 statement, Tokyo-listed public investment company Metaplanet plans to raise ¥9.5B ~ $62.7M to strengthen its $BTC holdings. - The firm disclosed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights, which will be allocated to EVO fund via third-party allotment between December 17, 2024, and June 16, 2025. Key Highlights: - Metaplanet's CEO, Simon Gerovich, stated that the platform wants to emulate Microstrategy's approach. Simon believes the "at-the-market" model allows the company to raise funds to strengthen its Bitcoin portfolio, promoting a high Bitcoin-per-share ratio that would benefit shareholders.  - “By raising capital in this way, we can grow our Bitcoin holdings at a faster rate than the increase in outstanding shares, providing a clear net benefit to our shareholders," he said. - Metaplanet has purchased 1,142 BTC since adopting the Bitcoin-focused treasury in May. Following Bitcoin's rise, the company's holdings have risen by up to 44%. - Data obtained from Bitcoin Treasuries indicates that the acquisitions place Metaplanet as one of Asia's most significant corporate Bitcoin holders and 18th in the global ranking. [Image generated by BSCN using AI]

BINANCE LABS INVESTS IN ASTHERUS TO MAXIMIZE THE REAL YIELD OF ASSETS IN DEFI - Binance Labs has announced a strategic investment in a multi-asset liquidity hub Astherus Hub. - The venture capital and incubation arm of Binance will help Astherus accelerate product development, introduce innovative yield-generating products, and enhance user experience through funding. Maximizing Real Yield of Assets for Users: - Astherus is dedicated to addressing the inefficiencies in DeFi by focusing on maximizing the real yield of assets, offering sustainable and tangible income while also enhancing liquidity and utility in the ecosystem. - Its flagship product, AstherusEarn, alongside its dApp layer, allows users to unlock asset utility through applications like stablecoin yield farming and derivatives trading. - Moving forward, the protocol plans to launch AustherusLayer, a Layer-1 blockchain for DeFi, which will support multi-asset staking and leverage $BNB as gas fees. - Through Binance Labs' funding, Astehrus can actualize its plans and improve its ecosystem with more utility and greater yield of assets for users. "Their support strengthens Astherus' vision of unlocking greater utility, yield, and opportunities, delivering tangible value to DeFi users worldwide,” Core contributor of Astherus, Dust, stated. - Since 2018, Binance Labs has focused on providing strategic support and funding to the industry's top budding projects. Astherus has become the latest to join the platform's incubator and is committed to driving growth and development in the Web3 ecosystem. Images: Binance Labs and Astherus X accounts

XT EXCHANGE SUSPENDS WITHDRAWALS AFTER $1.7M HACK - XT(.)com, the 23rd largest crypto exchange by trading volume, has suspended all withdrawals after a reported $1.7M hack. - PeckShield flagged suspicious activity on November 28, linking the theft to 461.58 ETH transferred to an unknown wallet. - In response, the exchange stated: "XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users." - Despite the breach, XT's native token surged 6.12%, likely due to limited trading options on other platforms. - The exchange reassured users, stating it maintains reserves 1.5x greater than user assets for security. - XT(.)com, established in 2018 and based in Seychelles, continues to report $3.1B in daily trading volume - This attack follows a wave of hacks in 2024, highlighting ongoing vulnerabilities despite improved security measures in the crypto space. [Image generated by BSCN using AI]