ChainCatcher news, the algorithmic stablecoin protocol Nirvana Finance announced that its V2 version will officially open to the public at 2 AM Beijing time on December 18 (UTC time December 17 at 6:00 PM). This restart not only completes the full compensation for the victims' funds from the 2022 hacking incident but also introduces a brand new security, governance, and token economic model.In addition, Nirvana V2 has launched a Market Driven Minting (MDM) framework, which ensures that the token ANA has upside potential and limited downside risk through a reserve-backed price floor mechanism. The protocol also plans to gradually expand to assets such as BTC and SOL.Previous news, former security engineer Shakeeb Ahmed was sentenced to 3 years in prison by U.S. District Judge Victor Marrero for attacking two decentralized cryptocurrency exchanges and stealing over $12 million worth of cryptocurrency. This is the first conviction case related to smart contract hacking.In July 2022, Ahmed attacked a cryptocurrency exchange using false pricing data and stole approximately $9 million worth of cryptocurrency. Subsequently, he attacked Nirvana Finance, exploiting a vulnerability in its smart contract to purchase cryptocurrency at a price lower than that set by the contract and sell it to Nirvana at a higher price, stealing nearly all of Nirvana's $3.6 million funds, which led to its closure shortly after being hacked.

ChainCatcher news, according to Blockworks, the crypto investment firm Bitwise has released its 2025 market outlook report, predicting that the stock price of cryptocurrency exchange Coinbase (COIN) will surge from the current $324 to $700, with a market capitalization expected to surpass Charles Schwab, becoming the largest brokerage in the world. Bitwise had previously accurately predicted that MicroStrategy (MSTR) would be included in the Nasdaq 100 index and expects Coinbase to enter the S&P 500 index next year. CoinShares anticipates that as more companies hold Bitcoin, Bitcoin yield strategies will become the new normal for corporate finance.In addition, Bitwise predicts that the U.S. Department of Labor will relax restrictions on 401(k) pension investments in cryptocurrencies by 2025. Multiple institutions are optimistic about the prospects of the real-world asset tokenization (RWA) market, expecting its scale to exceed $50 billion, with the U.S. Treasury token fund BUIDL, supported by BlackRock, potentially reaching a scale of $50 billion.

ChainCatcher news, according to Spot On Chain monitoring, Curve Finance founder Michael Egorov has purchased approximately 1.08 million CRV tokens at an average price of $1.114 over the past 3 hours, totaling about $1.2 million. This is Egorov's first large-scale buyback since the liquidation event on June 13.

ChainCatcher news, according to CoinDesk, Pantera partner Paul Veradittakit released predictions for 2025, which mainly include:Risk-weighted assets (excluding stablecoins) will account for 30% of on-chain TVL (currently 15%);1% of Bitcoin will participate in Bitcoin finance (Bitcoin-Fi);Fintech will become the gateway to cryptocurrency;Unichain will become the leading L2 by trading volume;NFT revival;Re-staking will gain momentum;zkTLS will bring off-chain data on-chain;Regulatory support.

ChainCatcher news, Canadian Finance Minister Chrystia Freeland resigned on Monday, stating that Prime Minister Trudeau had asked her to give up the position and take on another cabinet role. In her letter to Trudeau, she said, "On Friday, you told me that you no longer wished for me to serve as your Minister of Finance and offered me another position. After careful consideration, I have concluded that the only honest and viable course for me is to resign from cabinet." (Jin Ten)

ChainCatcher news, according to Jinshi reports, the Ministry of Finance has decided to carry out support operations for government bond market making. The operation direction is to sell, with 1.26 billion yuan of the 2024 book-entry interest-bearing (16th issue) government bonds and 530 million yuan of the 2024 book-entry interest-bearing (19th issue) government bonds. The competitive bidding time is December 17.

ChainCatcher news, DeFinance Capital founder Arthur posted on the X platform that, based on the performance of DeFi in the market, it seems to be entering a DeFi super cycle rather than a meme coin super cycle.However, meme ecosystem KOL Murad seems to disagree with this view and responded, "Should we look at the annual return rate?"

ChainCatcher news, the Hong Kong listed company FEG Holdings Corporation Limited has released a supplementary announcement regarding the establishment of a joint venture, disclosing that its joint venture will focus on establishing and operating digital asset businesses in virtual real estate and decentralized finance, aiming to design and build multiple virtual environments in Decentraland, including a virtual stock trading hall, financial education center, decentralized exploration zone, virtual conference center, and innovation lab.In addition, FEG Holdings has also announced that it has identified a proposed CEO for the joint venture, and together with its joint partners, will contribute a total of HKD 25 million, but the related amount will continue to be determined based on budget allocation and operational expense analysis.

ChainCatcher news, according to official sources, the decentralized lending protocol Yei Finance has announced the completion of a $2 million seed round financing. This round was led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures, and WOO.According to the Web3 asset data platform RootData, [Yei Finance](https://www.rootdata.com/zh/Projects/detail/Yei Finance?k=MTMwNTY= "Currency market on the Sei network") is a currency market on the Sei network. Yei Finance offers a wealth of investment opportunities through its extensive asset coverage, comprehensive risk framework, and detailed token access.

ChainCatcher message, Binance Wealth Management, one-click cryptocurrency purchase, flash exchange trading platform, leverage, dollar-cost averaging platform, and Binance Contracts will launch Velodrome Finance (VELODROME). Binance will launch VELODROME 1-75x USDT perpetual contracts on December 14 at 00:15 (UTC+8).Binance will add VELODROME as a borrowable asset for cross-margin and isolated margin leverage on December 14 at 00:00 (UTC+8), as well as VELODROME/USDT cross-margin and isolated margin trading pairs.

ChainCatcher news, Binance announced that it will list Velodrome Finance (VELODROME) on December 13, 2024, at 22:00 (UTC+8). The withdrawal function will be available on December 14 at 22:00 (UTC+8).

ChainCatcher news, 10xResearch posted on social media that, contrary to popular belief, it believes that the price of Bitcoin is driven by demand rather than changes in the supply of BTC itself (mining).Each cycle of Bitcoin's five bull markets has been driven by innovations in how investors acquire it, from the creation of early spot trading platforms to the use of contracts, unsecured loans, spot Bitcoin ETFs, and now options on these ETFs.This development highlights the increasing integration of Bitcoin with traditional financial markets, and the regulatory approvals from U.S. agencies such as the CFTC and SEC have accelerated this trend, as these agencies have legalized Bitcoin-related financial products over time.

ChainCatcher news, according to Yicai, the Monetary Authority of Macao has officially released the "White Paper on the Digital Macao Pataca" and publicly demonstrated the prototype system for the digital Macao Pataca.The Secretary for Economy and Finance of Macao, Lei Wai Nong, announced that with the support of the People's Bank of China, the Macao SAR has successfully built a prototype system for the digital Macao Pataca (e-MOP), laying the necessary foundation for the future development of the digital Macao Pataca.The Chairman of the Administrative Committee of the Monetary Authority of Macao, Chan Sou-kin, introduced that the digital Macao Pataca, as the legal tender of the Macao SAR, has the same legal status and value as banknotes and coins, is fully backed by 100% reserves, and has full legal tender status.

ChainCatcher news, DeFi platform Step Finance has acquired the early-stage startup Moose Capital, which specializes in the tokenization of traditional stocks, aiming to allow users to buy and sell shares of companies like Nvidia and Tesla directly on the Solana blockchain.In addition to acquiring Moose Capital's products (which are planned to be renamed Remora Markets), Step Finance has also onboarded the team and regulatory licenses of this startup in preparation for a launch in the first quarter of 2025.Step Finance aims to become the portfolio management tool and analytics hub for Solana users. It also owns the media company SolanaFloor, which focuses on the NFT market, and the global event project Solana Allstars, which is active in over 50 cities.

ChainCatcher news, the DeFi protocol Compound Finance announced the launch of a $1 million bug bounty program on the Immunefi platform to enhance platform security and ensure user safety. Its latest version, Compound III, simplifies the process of borrowing base assets (currently USDC) using crypto assets as collateral and has been deployed on multiple chains including Ethereum, Polygon, and Arbitrum. All rewards are denominated in USD but paid in COMP tokens.

ChainCatcher news, according to The Block, the hybrid algorithm stablecoin protocol Frax Finance is collaborating with IQ to develop an artificial intelligence tech stack. This AIVM tech stack is a parallel blockchain developed internally within the project L2 Rollup protocol Fraxtal, utilizing a new reasoning proof consensus system. This reasoning proof mechanism employs artificial intelligence and machine learning models to validate transactions on the blockchain network.

ChainCatcher message, Michael Saylor stated that MicroStrategy's main "work" is to connect traditional financial markets with the crypto economy through Bitcoin.

ChainCatcher message, Michael Saylor stated that MicroStrategy's main "job" is to connect traditional financial markets with the crypto economy through Bitcoin.

ChainCatcher news, according to Bloomberg, the Vancouver City Council in Canada has passed a resolution to become a "Bitcoin-friendly city," exploring the application of Bitcoin in municipal finance. Vancouver Mayor Ken Sim stated in an interview before the council vote that while this idea has been brewing for a long time, the public was not ready until now.Now, influenced by changes in the U.S. political landscape, several countries and regions are beginning to pay attention to cryptocurrency policies, and Vancouver hopes to seize the opportunity in this trend. Since proposing the policy at the end of November, Sim has repeatedly expressed his firm belief in Bitcoin. He not only praised Bitcoin as "the greatest invention in human history," but also predicted that the value of traditional fiat currencies will ultimately "go to zero."Although he emphasized that he is not qualified to provide investment advice, Sim believes that the "potential" value currently shown by Bitcoin is only a small part of its future value.

ChainCatcher news, according to The Block, the liquid staking platform Marinade Finance on Solana is discussing a governance proposal to address malicious validator nodes and democratize MEV (Maximum Extractable Value).Marinade proposes a "balanced" approach that reduces harmful MEV while fairly distributing related profits through an open market. The proposal suggests establishing a public committee to oversee delegation activities and blacklist malicious validator nodes. Additionally, it recommends reopening public trading pools to prevent MEV flow concentration in a few private trading pools and proposes funding for MEV research to enhance transparency and data accessibility.Researchers point out that the current centralization issue of MEV is worsening, particularly with sandwich attack behaviors threatening Solana's decentralization. Marinade hopes to seek community feedback through the governance proposal and ultimately vote and implement based on the opinions received.