By Kapil Rajyaguru
Ethereum Liquid Restaking TVL Surges From $284mn To $17bn In 2024.
Ethereum liquid restaking protocols saw their total value locked (TVL) increase by almost 6,000% in 2024 as demand for staked asset utility grew significantly.
Data from the decentralized finance (DeFi) aggregator DefiLlama indicates that the total liquid reserves (TVL) on the Ethereum network stood at approximately $284 million on January 1. By Dec. 15, that figure had climbed nearly 60-fold, reaching $17.26 billion.
Liquid restaking protocol Ether.fi controls over 50% of the LRT market (TVL). According to DefiLlama, the protocol has $9.17 billion in restaked assets.
Grayscale Bitcoin Trust ETF Outflows Exceed $21bn In Under 12 Months.
Since its launch on Jan. 11, investors have withdrawn more than $21 billion from the Grayscale Bitcoin Trust (GBTC), making it the only spot Bitcoin exchange-traded fund (ETF) in the United States with a negative net investment flow.
As of Dec. 16, GBTC’s total outflows amounted to $21.045 billion as the trust continues to shed millions of dollars worth of investment daily. According to data from Farside Investors, GBTC has lost a daily average of $89.9 million for the past 11 months.
In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) plays a major role in ensuring a positive balance sheet. IBIT’s total inflows stand at $35.883 billion, with the fund attracting $153.3 million daily since inception.
Trump’s DeFi Project’s December Crypto Buying Spree Nears $45mn.
Donald Trump’s crypto project, World Liberty Financial, has been on a massive crypto buying spree in December—now nearing a total spend of $45 million after buying $250,000 of Ondo (ONDO).
Since Nov. 30, a World Liberty wallet has purchased $30 million worth of Ether and $10 million worth of Coinbase Wrapped BTC (cbBTC) alongside a handful of other purchases, according to a Dec. 16 X post from the blockchain monitoring account Lookonchain and data from Arkham Intelligence.
OpenSea Cayman Islands Registration Fuels Token Airdrop Rumors.
Non-fungible token (NFT) marketplace OpenSea has sparked speculation of an impending token launch and user airdrop following its registration in the Cayman Islands.
While OpenSea has not officially announced anything yet, users believe the Cayman Islands registration means the NFT platform will conduct an airdrop for its users.
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