This edition of crypto news covers key developments related to exchanges, projects, and current market trends.
Exchange and Project News
Bybit has made a significant contribution to earthquake relief by donating 5 million RMB through the China Red Cross. Additionally, Binance.US has listed the Pudgy Penguins (PENGU) token for spot trading. Bybit also launched new S/USDT perpetual contracts with up to 75x leverage.
Funding and Regulation
Cryptocurrency projects continue to attract funding, with the stablecoin payment network 1Money completing a $20 million seed round led by F-Prime Capital. Another funding round saw the Brickken platform raise $2.5 million. Furthermore, the Financial Services Commission of South Korea initiated discussions on the second phase of its crypto regulatory framework, aiming for completion in the second half of 2025.
Market Overview and Popular Projects
The U.S. core CPI for December rose by 3.2% year-over-year, below expectations, marking a positive signal for potential rate cuts. Among other market events, the BNBChain launched its fifth phase of the TVL incentive plan. Meanwhile, KernelDAO introduced a $40 million ecological fund to support BNBChain's DeFi projects.
In conclusion, the crypto market is vibrant with various initiatives and global efforts aimed at technological advancement and strengthened regulation.
