On December 19th, it was announced that the CRV staking and liquidity mining platform, Convex Finance, has partnered with Yearn Finance to launch the decentralized stablecoin protocol, Resupply. Resupply will offer an integrated leveraged loop function within the protocol, allowing users to choose their desired borrowing and lending markets and target leverage amounts. Through Resupply, users can lend stablecoins to earn basic lending fees and borrow reUSD to explore other DeFi strategies or manage daily expenses. Additionally, users can use the borrowed reUSD to supply more stablecoins to the selected lending market, thereby reducing their liquidation risk.

vote to re-nominate Caroline Crenshaw as a commissioner of the US SEC was cancelled on Wednesday, which could mean that she will lose the opportunity for reappointment to the SEC.

Bank of Japan kept its policy interest rate unchanged at 0.25%, pausing its rate hikes for the third consecutive time. (Jinshi)

coinglass data shows that in the past 24 hours, the total amount of liquidations across the network has reached 120 million US dollars, of which the amount of long liquidations is about 109 million US dollars, and the amount of short liquidations is about 11.0841 million US dollars.

Rune Christensen, co-founder of Sky, said that more efforts will be put into fully migrating MKR to SKY by 2025, partly to help eliminate confusion around MKR and SKY. Christensen stated that this will not put MKR holders' funds at risk, and "upcoming proposals will migrate as a requirement in order to obtain availability from the token." He added that updates and more details about the migration and conversion of MKR to SKY will be announced at some point in 2025. "Our goal is to ensure that CoinGecko and exchanges only support SKY, while MKR is just a traditional wrapper that represents 24,000 SKY per MKR," he added. Sky also plans to launch more subDAOs, or Stars, by 2025. Christensen said that the changes in SKY token economics, which make it deflationary, open the door for the new Star strategy, under which more subDAOs can be launched and have greater autonomy. As part of the new model, subDAOs will be launched together with a foundation that controls employee bonus pools and makes quick decisions.

market showed BTC breaking through $100,500 and now trading at $100,525.16, with a 24-hour drop of 4.55%. The market is volatile, so please prepare for risk control.

According to Etherscan data, the Ethereum mainnet Gas fee has risen to 33 Gwei, and executing a Swap operation will cost $45.

market shows SOL has fallen below $200 and is currently trading at $199.76, with a 24-hour drop of 8.81%. The market is fluctuating greatly, so please be prepared for risk control.

Yeap Jun Rong, IG's market strategist, wrote that the trajectory of future interest rate cuts by the Federal Reserve may depend on the policies of elected President Trump, which are still unclear at this stage. He said that Trump's initial comments on tariffs did sound radical. However, he added that the extent of these measures is uncertain. Yeap said that as policies become clearer, the Federal Reserve may initially lean towards a shallower interest rate cut cycle. He also said that as the Federal Reserve meeting ends, unless the Bank of Japan makes an unexpected decision, the US stock market may gradually rise in the last few weeks of 2024. However, reaching a new record high by the end of the year may be challenging due to the lack of further catalysts. (Jinshi)

Solana's ecosystem DeFi protocol Meteora has confirmed that it has no plans for a token generation event (TGE) in the near future or by 2024. At the same time, in order to maintain ecosystem stability, it will extend the MET points activity for liquidity providers (LP).

Pacman, the founder of Blur, posted on X platform stating that Blast is now the fifth largest NFT market on the EVM chain, surpassing Polygon, Avalanche, BNB, and Optimism. Like Ethereum, most of the NFT trading volume on Blast occurs on Blur, and relying solely on OS statistical data would provide incomplete and misleading information.

According to the latest data from the Starknet blockchain browser Voyager, the STRK staking amount has exceeded 100 million, reaching 100,381,288.921 STRK at the time of writing, accounting for 4.44% of the circulating supply of 2,259,283,720. Validator data shows that the smart contract wallet Argent is currently ranked first in staking, with a staking amount of approximately 35,071,875.833 STRK, accounting for 34.93%; Karnot is ranked second in staking with a staking amount of approximately 21,923,092.057 STRK, accounting for 21.83%. Currently, the degree of centralization in staking is relatively high, with the top two validators' staking accounting for a total of 56%.

According to OpenSea data, the floor price of the NFT series Mocaverse has exceeded 2.9 ETH and is currently reported at 2.96 ETH (approximately $11860), with a 24-hour increase of 79%, as reported by Jinse Finance.

Kraken has been fined AUD 5.1 million by an Australian court for offering margin loan products to Australian customers without proper regulatory approval. ASIC warns other cryptocurrency exchanges to comply with regulations.

 Lookonchain monitoring shows that a whale holding $134 million in assets withdrew 429,999 LINK tokens (worth about $12.55 million) and 1,600 ETH (worth about $6.3 million) from an exchange in the past 48 hours.

According to OpenSea data, NFT series Azuki #6536 was sold 45 minutes ago for 95.4774 ETH, worth about $382,000.

MicroStrategy (MSTR) has been included in the Nasdaq 100 Index.

the market shows BTC breaking through $102,000 and now trading at $102,001, with a 24-hour increase of 2%. The market is volatile, so please be prepared for risk control.

On December 14th, according to a post by former founder of The Block, Mike Dudas on X, NFT marketplace Opensea has registered the Opensea Foundation in the Cayman Islands.