Ndax Weekly TL;DR December 30th

Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape. 

Happy Monday, Ndaxers— Here’s what happened last week:

Top Stories

  • MicroStrategy Seeks Shareholder Approval for Expanded Bitcoin Purchase Plan
  • Montenegrin Minister Signs Extradition Order for Do Kwon to Face US Prosecution
  • Uniswap’s Unichain Layer 2 Mainnet to Go Live in Early 2025
  • Chainlink Launches Smart Value Recapture to Address MEV in DeFi
     

MicroStrategy has called a special shareholders' meeting to gain approval for expanding its Bitcoin 21/21 Plan, aiming to increase the number of authorized shares for Class A common and preferred stock. This move would provide the company with additional flexibility to issue shares and fund further Bitcoin acquisitions. Since adopting its strategy in 2020, MicroStrategy has consistently purchased Bitcoin, including a notable 42,162 BTC in December 2024. Cointelegraph

The Montenegrin Justice Minister has signed an order to extradite Do Kwon, the co-founder of Terraform Labs, to the United States, bypassing South Korea’s request. Kwon is wanted for his involvement in the $60 billion Terra-Luna crash in 2022, which led to the collapse of several prominent crypto firms. After fleeing, Kwon was arrested in Montenegro while attempting to travel on forged documents. Despite multiple legal challenges from his defense team and prior overruled extradition orders, the decision was finalized after Montenegro’s Constitutional Court dismissed his appeal. Kwon now faces prosecution in the US for the collapse, though South Korea also has charges pending. cryptonews

Uniswap is launching Unichain, a DeFi-focused Layer 2 solution built on the OP Stack, with its mainnet set to debut in early 2025. Tested on Ethereum's Sepolia testnet, which processed over 50 million transactions with 99% uptime, Unichain will feature permissionless fault proofs for security, Flashblocks for 250-millisecond block times, and a decentralized validation network. Joining Optimism’s Superchain ecosystem, Unichain aims to enhance scalability and efficiency in DeFi, solidifying Uniswap’s leadership as it recently achieved $38 billion in monthly trading volume on Ethereum Layer 2s. cryptonews

Chainlink has introduced the Smart Value Recapture (SVR), a new oracle solution designed to help DeFi protocols recover "non-toxic" Maximal Extractable Value (MEV) lost during processes like liquidations. Built on Chainlink’s infrastructure, SVR reduces dependency on intermediaries and integrates Flashbots’ Dual Aggregator system for greater efficiency and security. Early testing suggests that SVR can recover around 40% of MEV leakage. Initially targeting DeFi lending protocols, SVR is live on testnet and could provide additional revenue streams for platforms like Aave, pending governance approval. Future updates aim to enhance decentralization, cross-chain functionality, and gas efficiency. crypto.news

Latest News

Ndax's new news feature provides the latest news, stories, and trends to help you keep your hand on the pulse of crypto and blockchain.
View Live Stories

News Nuggets

  • France Intensifies Crackdown on Rising Crypto Scams CryptoSlate
  • Japan Tightens Oversight on Unregistered Crypto Exchanges CryptoSlate
  • Charles Hoskinson Plans Bipartisan Push for Crypto Policy with Key Senate Meetings cryptonews
  • James Howells Continues Legal Fight to Recover $773M in Lost Bitcoin from Landfill Cointelegraph
  • Sonic Advances Toward Aave v3 Integration Following Community Approval crypto.news
  • Solana Labs Co-Founder Faces Lawsuit Over Alleged Withholding of Ex-Wife’s Staking Gains crypto.news
  • Canadian Firm Matador Technologies Adds Bitcoin to Balance Sheet as Part of Diversification Strategy Cointelegraph
  • According to CoinGecko Report, Meme Coins Dominated Crypto Trends in 2024 cryptonews

Weekly Moves

As of 12-30-2024 at 8:40 AM EST

Market Summary

  • Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.77 trillion to CA$4.73 trillion.
  • Bitcoin's market dominance stands at 56.6%, while Ethereum's share is 12.4%.

Performance

  • Over the past 24 hours, the price of BTC has fluctuated between CA$134K and CA$136K registering a 3% change over the past week and a market cap of CA$2.7 trillion. (At time of writing)

Visit our new markets page offering real-time data for almost 15,000 cryptocurrencies. Track trends, monitor your favorite cryptocurrencies, and stay ahead of the market. 
View Live Market Data

Upcoming Events

Mark your calendars!

  • Jan 2 – US Initial Jobless Claims
  • Jan 3 – Bitcoin Genesis Block Day

From Ndax Lighthouse

This week's blog, Top 10 Crypto Moments of 2024, takes you through the most transformative events in the cryptocurrency space this year. From Bitcoin surpassing $100K to the launch of Bitcoin ETFs, we highlight key milestones that have reshaped the industry. Explore the blog to dive deeper into the top crypto moments of 2024.

Explore Learning Hub.

Boost Crypto Rewards

Introduce Ndax to your community and unlock rewards! For every new user you refer to Ndax, you'll automatically earn $15-$30 CAD, terms and conditions apply.

Share your affiliate link now

Thanks for reading our latest newsletter. Don't forget to follow us on social media for more updates and join the conversation on our forums.

Happy trading, 
The team at Ndax


Don't forget to follow us on social media for more updates and join the conversation on our forums.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.