ShadowStaker

2024 Annual Report of the Encryption Industry: Bitcoin Leads the Market, New Trends Rise
The year 2024 witnessed a significant recovery in the cryptocurrency market, with the fourth Bitcoin halving event marking the beginning of a new bull market. The market has been driven by multiple factors, including changes in macroeconomic policies, the approval of spot ETFs, and shifts in the global political landscape. These factors have collectively propelled cryptocurrency back into the mainstream spotlight and opened new channels for capital inflow.
Bitcoin reached an all-time high of $108,135 on December 17, pushing the total market capitalization of the cryptocurrency market to a new record of $3.91 trillion. This report provides an in-depth analysis of the key developments in the cryptocurrency industry for 2024, covering market trends, the performance of major crypto assets, emerging technology trends, and changes in trading platforms.
Here are the seven highlights of the encryption industry in 2024:
1. In the fourth quarter of 2024, encryption currency

Propy leverages artificial intelligence technology to enhance on-chain real estate transaction efficiency, optimize property transfer processes, and increase transparency and security. Its platform supports real estate tokenization, simplifies cross-border transactions, and promotes digital transformation in the market, showcasing the immense potential of the combination of RWA and AI.

The founder of a well-known instant messaging application is facing legal challenges, and the Russian government has stated that it will follow the developments and is willing to provide legal support, emphasizing its opposition to political persecution. The incident has drawn the attention of the international community and could have a profound impact on the global internet industry.

With the global expansion of Web3 projects, social fission faces cultural and user psychology challenges in Europe and America. The successful models in Asia have failed in Europe and America, and there is a need to transform into a sharing model that emphasizes individual value, leveraging Blockchain technology to enhance transparency and trust. In the future, Web3 projects must combine localization strategies and innovation to achieve effective user growth.

Infrared Finance is a liquid staking protocol within the Berachain ecosystem, with a Total Value Locked reaching $1.5 billion. The recently launched points program allows users to stake tokens to earn Infrared Points, which can be exchanged for native tokens in the future. Participation requires connecting a Wallet that supports Berachain and staking in specific vaults to earn points.

A decentralized finance platform has encountered a security incident, with its lending protocol being attacked and the platform temporarily closed. The attacker transferred assets to the major lending platform, causing the lock-up position on that platform to plummet by 99.9%. Experts are calling for enhanced security audits, and users should raise their risk awareness.

US Democratic presidential candidate Harris's support rate in the prediction market has reached a new high.
Recently, U.S. Democratic presidential candidate Kamala Harris's probability of winning on a certain prediction market surged to a historical high of 45%, before slightly retreating to 44%. Meanwhile, the support rate of her main competitor has dropped to 54%, significantly down from nearly 71% in mid-July.
Several factors behind this change are worth noting. First, over 200 venture capitalists have recently publicly expressed their support for Harris to take over the White House. They believe that a strong and reliable system is crucial for the healthy development of Silicon Valley and the entire industry.
Secondly, the Harris camp seems to be actively engaging with the cryptocurrency industry. It is reported that representatives from their campaign team will attend a roundtable meeting next week to communicate with industry executives. Some believe this may be to differentiate their stance on cryptocurrency policy from other candidates.
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After Musk's acquisition of Twitter, he dissolved the original board of directors and temporarily assumed the role of sole director, planning to form a new board. His lawyers are leading the work of multiple teams, and Twitter plans to cut about 25% of its staff, affecting several departments. These changes aim to improve operational efficiency but have also raised concerns about the company's short-term stability.

The XAUt stablecoin has seen a rapid rise in market capitalization since its launch, mainly due to investors' demand for gold as a safe haven. Its advantages include being tradable at any time, low fees, and supporting actual gold redemption. Despite facing challenges such as supply shortages and market fluctuations, the industry remains optimistic about its future development.

BTCFi rising star bitSmiley raises $10 million in funding, a deep analysis of its products and technology.
Recently, a highly watched BTCFi project secured a new round of financing of 10 million dollars to accelerate its plan to launch the stablecoin bitUSD on the Bitcoin network. What is so special about this project, affectionately known as "smiley face"? What is its core technological framework? Why is the BTCFi market so widely popular? Let’s delve deeper into it.
The three core components of bitSmiley
The project draws on the successful experience of the Ethereum DeFi ecosystem and combines mature models such as MakerDAO and Compound to launch three main components:
1. bitUSD: This is an over-collateralized stablecoin protocol, similar to

Since the results of the U.S. presidential election were announced, some hedge funds that have been shorting a well-known electric vehicle company have faced severe setbacks, suffering heavy losses. Data shows that the paper losses of these funds have reached tens of billions of dollars.
Analysts point out that the special relationship between the company's CEO and the newly elected president may be an important factor contributing to this situation. According to market data statistics, from election day to last Friday's close, hedge funds holding shorting positions in the company have incurred cumulative losses of at least $5.2 billion.
This massive loss highlights the unpredictability of market trends influenced by political factors and reflects the possibility that some investors may have underestimated the potential benefits brought by the company's relationships with high-level political figures. For funds sticking to shorting strategies, this is undoubtedly a severe test that may prompt them to reassess their investment strategies and risk management methods.

In the first half of 2022, there were 10 major security incidents in the NFT field, resulting in losses of approximately $64.9 million. The main attack methods included contract vulnerabilities and phishing attacks. Typical case analyses show that common security risks include contract logic flaws and signature verification issues, highlighting the need for the project party to prioritize contract audits to ensure asset security for users.

Recent news reports that the Republican Party has achieved a significant victory in the U.S. congressional elections, successfully taking control of both the House of Representatives and the Senate. This outcome will allow the Republican Party to play a more important role in future legislation, potentially influencing policy-making at the White House and the direction of national development.

Senior officials of the U.S. government held a meeting with leaders of the encryption industry, where Vice President Harris displayed a positive attitude, discussing the development of the encryption industry and its policy implications. The industry is calling for legislative support, and Harris's encryption policy outlook remains unclear, but it could become a key issue in the 2024 election.

Twitter's usage has reached an all-time high, and senior management has confirmed this news. Since the acquisition, Twitter has implemented platform reforms, including providing verification badges for paid members and strengthening control over impersonation accounts. Although these measures are controversial, they have effectively improved user experience and reflect users' continued follow of the platform.

A Large Investor shorting Bitcoin on the Hyperliquid platform holds a short position worth $103 million, with an entry price of $108,467.1, realizing unrealized gains of $5.74 million, and setting a take profit target between $93,622 and $94,616. The investor has made a total profit of $14.96 million, demonstrating excellent trading skills.

Innovative project ideas for 50 encryption fields in 2025: covering multiple directions such as AI, Decentralized Finance, NFT, and more.
With the booming development of the cryptocurrency industry in 2025, this article provides 50 highly promising project ideas for developers of different skill levels, hoping to inspire more people to create meaningful products in this industry.
1. AI Personality Simulation Application
This is an optimized artificial intelligence package designed to mimic the characteristics of real people and supports user customization to create any type of virtual agent. With the rise of virtual character technology, such agents have become extremely popular.
2. Nostalgic Multiplayer Online Game Metaverse
Recreate classic multiplayer online games, becoming a social medium loved by players through simple mini-games, item accumulation, and relationship building.
3. Classic RPG Metaverse Game
Based on classic multiplayer online role-playing games,