1. Curve’s USD0/USD0++ Pool Experiences Imbalance: USD0++ Surpasses 90%, Triggering Large-Scale Exchanges link

On Friday, the proportion of the USD0/USD0++ Pool on Curve, with a Total Value Locked (TVL) of $245 million, tilted severely. The price of the LP Token slumped to $0.9568, and the proportion of USD0++ (Staked USD0) soared to a staggering 90.8%. Users were swapping copious amounts of USD0++ worth less than a dollar for USD0 via Curve. This was presumably related to the latest announcement from Usual, which stated that in the event of early unstaking, USD0++ could be redeemed at a floor price of 0.87 USD0 or redeemed at a 1:1 ratio by burning a certain quantity of USUAL tokens.

On Saturday, the Usual Protocol addressed users’ concerns regarding the floor price mechanism of USD0++. It claimed that this mechanism was designed to safeguard liquidity and apologized for the misunderstandings caused by improper communication. To allay users’ concerns, the protocol will roll out two adjustments: Firstly, a 1:1 early redemption function will be activated next week, enabling users to forgo part of their rewards within a maximum period of six months to ensure a 1:1 redemption. Secondly, income distribution will be launched ahead of schedule. Starting from next week, income will be distributed weekly to USUALx holders, with an estimated monthly income of approximately $5 million (implying an annualized yield of over 50% for USD0). This move aims to balance the interests of short-term sellers and long-term holders, while underscoring the value of USD0 and the stability of the protocol’s economic model.

2. Only 0.408% of Pump.fun Traders Achieve Profits Exceeding $10,000 link

Dune data reveals that the majority of Pump.fun traders have yet to achieve profits exceeding $10,000. Among a total of 13,547,736 Pump.fun wallet addresses, only approximately 55,296 addresses (0.408%) have realized profits over $10,000.

3. Grayscale Reveals Multiple Digital Assets Under Consideration for Future Investment Products link

GrayScale has announced a variety of digital assets under consideration for its future investment products, including but not limited to: KAS, APT, ARB, TIA, HBAR, MNT, SEI, S, STRK, TON, TRX, AERO, BNB, ENA, INJ, JUP, ONDO, PENDLE, RUNE, DOGE, IMX, AKT, FET, AR, EIGEN, HNT, JTO, PYTH, WLD. In addition, GrayScale has listed the assets under consideration as of December 31, 2024 that are not included in its cryptocurrency sector: HYPE, AI16Z, VIRTUAL, FLOCK, GRASS, Hyperbolic, Prime Intellect, Sentient, Space and Time, Story Protocol.

4. Trump-Themed Digital Cards Debut on Bitcoin Network via Ordinals Protocol link

The NFT series supported by the elected President of the United States, Donald Trump, has launched the first 160 works on the Bitcoin network using the Ordinals protocol, named “Trump Bitcoin Digital Trading Cards”. Users who obtain 100 NFT cards from the “Mugshot Edition” are eligible to claim them through the NFT market Magic Eden after submitting their Bitcoin wallets. As of press time, users have minted 19 of the 119 available Ordinals, and the claiming period will last until January 31.

5. Babylon Phase-2 Testnet Scheduled to Launch on January 8, 2025 link

Babylon will launch the Phase-2 testnet (bbn-test-5) on January 8, 2025. This testnet focuses on the Babylon PoS chain and uses Signet Bitcoin and Babylon Token for simulation tests. The key focus is to test the registration and on-chain operations of Phase-1 Signet Bitcoin staking. The participants include stakers, finality providers, CometBFT validators, wallet and dApp developers, etc. There is no incentive for the testnet, only involving simulated tokens and not incorporating other Bitcoin Secured Networks.

6. Berachain Pre-Deposit Vault Exceeds $1.1 Billion, Attracting Over 127,000 Depositors link

Berachain’s pre-deposit vault has exceeded $1.1 billion, attracting over 127,000 depositors. StakeStone has the largest deposit volume, accounting for about 33.3% with over 103,000 users depositing approximately $370 million. The deposit amounts of other platforms are as follows: ether.fi has about $314 million, Lombard has about $242 million, CIAN has about $83.8 million, and Ethena has about $67.9 million.

7. Movement Labs Nears Completion of $100 Million Series B Funding Round link

The Ethereum Layer 2 blockchain development team, Movement Labs, has announced that it is on the verge of finalizing its Series B funding round, raking in $100 million at a valuation of $3 billion. This round of financing is co-led by CoinFund and Nova Fund, an affiliate of Brevan Howard, and is projected to conclude by the end of January. Investors will receive a portfolio consisting of equity and Move tokens, with the latter being predominant. Previously, in April 2024, Movement Labs wrapped up its Series A funding round, led by Polychain Capital, amassing $38 million.

8. Solayer Announces Acquisition of Fuzzland link

Solayer has declared the acquisition of Fuzzland. The latter’s team developed Ityfuzz, a hybrid fuzz testing tool for smart contracts, which has been bolstering numerous Web3 security firms. The two teams will join forces to propel the expansion of the Solana-native SVM. This entails the rollout of the hardware-accelerated SVM chain, Solayer InfiniSVM, the optimization of Solana’s validator nodes to boost throughput and reward efficiency, as well as the implementation of dynamic analysis, formal verification, and real-time protection for the SVM.

Previously, Solayer, the Solana restaking protocol, unveiled its 2025 roadmap, with the hardware-accelerated SVM blockchain architecture, InfiniSVM, at its core. This architecture harnesses SDN and RDMA to achieve a throughput of 100 Gbps. Through dynamic sharding, it can expand a single execution cluster to an infinite number of machines, thus meeting application demands while resolving the issues of propagation failures, connection disruptions, and consensus problems caused by Solana’s network bandwidth limitations. InfiniSVM offloads transaction processing components, such as traffic management, sequencing, scheduling, accounting, and storage, to hardware circuits and the kernel, attaining a transaction confirmation time of 1 millisecond. Adopting a hybrid PoA and PoS consensus, Mega Leaders are capable of executing one million transactions per second and coordinating the verification process. Solayer has also introduced native yield-bearing assets like sSOL and sUSD, which users can stake, restake, and spend via on-chain applications.

9. Jambo to Launch J Token on Solana This Month with a Total Supply of 1 Billion link

Web3 mobile infrastructure provider Jambo has declared that it will officially conduct a Token Generation Event (TGE) in January 2025, with the token code being $J. The $J will be launched on the Solana public chain, with a total supply of 1 billion tokens. Jambo is dedicated to building an on-chain mobile ecosystem and has previously received investments from institutions such as Paradigm, OKX, Coinbase, and Pantera Capital.

10. Binance to List AIXBT, CGPT, and COOKIE Tokens link

Binance, the world’s leading cryptocurrency exchange, announced the listing of aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE) at 13:00 UTC on January 10, 2025, and opened trading for the following spot trading pairs: AIXBT/USDC, AIXBT/USDT, CGPT/USDC, CGPT/USDT, COOKIE/USDC, and COOKIE/USDT. AIXBT is a cryptocurrency market intelligence platform, ChainGPT is a Web3-AI infrastructure, and Cookie DAO is the index and data layer of AI agents. AIXBT, CGPT, and COOKIE are all listed on Binance Contracts and Binance Alpha.

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