The Dypto Times

Coinbase was a huge deal. It was a Y combinator grad, and the first exchange to go public, meaning publicly traded on the stock market. A lot of firsts. But also a lot of lawsuits and swimming through murky regulatory waters. And plenty of haters. Love ‘em or hate ‘em, the company has done a lot for the industry.

Now, another exchange is going public. 

Spoiler: It’s not Kraken. Let’s get after it.

From the Dypto Crypto Newsroom

Coincheck Goes Public on Nasdaq

TLDR

• Coincheck went public via de-SPAC.

• It’s available on major brokerages.

• It’s the first exchange to go public since Coinbase.

Coincheck, Japan’s second-largest cryptocurrency exchange, just made a major move in the crypto world by going public on Nasdaq. This marks a significant step as Coincheck becomes only the second crypto exchange to achieve a public listing in the US, following in Coinbase’s footsteps. 

Circle and Binance Partnership Aims to Drive Global USDC Adoption

TLDR

• Circle and Binance are joining forces.

• Binance is the most popular exchange globally and has the most volume.

• Circle wants to catch up to Tether and get ahead before Ripple releases its competitor product.

The world of crypto just got a little more stable — literally. Circle, the company behind the USDC stablecoin, and Binance, the biggest names in the crypto exchange game, have entered into a strategic partnership. The goal? To make USDC a more central player in the global financial ecosystem, appealing to crypto beginners and seasoned traders alike. 

Inflation Update: 2.7% CPI Boosts Bullish Crypto Sentiment

TLDR

• The CPI for November 2024 shows a 2.7% inflation rate, which is what was expected.

• Predictable inflation is a positive sign for financial markets, including crypto.

Economic numbers can often feel like noise, but they shape markets — and yes, that includes your favorite cryptocurrencies. The latest U.S. Consumer Price Index (CPI) data for November has landed, showing a year-over-year inflation increase of 2.7%. 

Is this worth paying attention to? Absolutely. If you want to get into crypto, you need to pay close attention to the world around you, and that includes understanding finance and economics. Check out the full article to learn more about the possible impact on crypto.

Question of the Week

What are liquid staking and liquid staked tokens (LSTs)?

Meme of the Week

A reminder to always perform proper due diligence.

Source

Deep Dive – Avalanche9000 Upgrade

Avalanche is gaining traction as a fast, cost-effective, and eco-friendly blockchain network that’s especially appealing to developers and businesses. 

The ecosystem skews toward institutional investors and larger players rather than retail users. That might change with the introduction of Avalanche9000, the network’s most ambitious upgrade to date.

Key Features of the Upgrade

1. Subnets Simplified (Etna Upgrade): Subnets are custom blockchains on Avalanche, perfect for tailored use cases like specific regulations or tokenomics. Previously, validators were required to validate both the main chain and subnets, which was costly and resource-intensive. Avalanche9000 removes this obligation, significantly reducing the barriers (and cost) for subnet creation and operation. This makes launching a new blockchain on Avalanche cheaper and more accessible.

2. Lower Fees for Smart Contracts (ACP-125): Transaction fees on the C-chain have been slashed, making interactions on Avalanche nearly free. By lowering costs, the network aims to attract more developers, projects, and users, spurring ecosystem growth.

3. Subnet Boom Incoming: With the upgrades, Avalanche anticipates a sharp uptick in subnet activity, potentially leading to hundreds of new Layer 1 chains launching in the near future. This could translate into more innovation and investment opportunities.

Avalanche’s aggressive push for accessibility coincides with a $250 million token sale supported by major investors like Galaxy Digital. These funds will fuel further development and cement Avalanche’s position as a go-to blockchain platform for businesses and developers alike.

Check out the full story here.

Question of the Week Answer

Liquid staking is like staking with a twist. Normally, when you stake your crypto, those assets are locked up and inaccessible for a set period. 

Liquid staking flips that around by letting you stake your tokens while still being able to use them in other ways. It works through platforms or protocols that issue you a derivative token, often referred to as a liquid staked token (LST), in exchange for staking your original assets. These LSTs act as proof of your staked position and can be used in the DeFi ecosystem for things like lending, trading, or providing liquidity.

The appeal of liquid staking is the flexibility it gives you. You can earn staking rewards without completely sacrificing liquidity or opportunities to put your crypto to work elsewhere. It’s like having your cake and eating it too, though you might still face risks like smart contract vulnerabilities or the usual fluctuations in token values. 

For example, you can buy wstETH, which is Lido’s token. You can then pair it with regular ETH and yield farm with it. So you get the rewards that inherently come with wstETH while also receiving farming rewards from that liquidity pool.

Liquid staking and LSTs present an intriguing option for those who want to maximize their returns while staying involved in a robust DeFi economy. However, as with anything in crypto, due diligence is key to understanding the associated risks and rewards.

Lido is the number one liquid staking project in all of DeFi and the number one project…period. It has over $38 billion in TVL.

This is an example of our growing, and soon-to-be revamped FAQ section, which will come with short video clips to help users better understand the answer so you can see what we’re talking about – as we’re explaining it! We’re pretty excited about it so keep an eye on the website.

A Huge Dypto Crypto Announcement

We’ll be releasing our paid membership on January 6th. Here is a sneak peak at some of the details:

• Cost - $39.99/month, $383/year (20% deal)

• Launch date - January 6th, 2025 (will go live at 12:01am)

• Launch deal - The first 500 users that buy an annual plan will be upgraded to a lifetime membership.

What’s in it for you?

• Step-by-step video guides showcase different strategies and platforms people can use to make money with their cryptocurrency, organized by risk level. (New guides are added monthly)

• Biweekly webinars that discuss a different strategy in each one, then the second half is an AMA portion.

• Access to view the Dypto Crypto portfolio where we utilize the strategies we teach.

• Ability to ask questions that will be answered in the Newsletter or directly.

• And more coming soon…

Closing Shenanigans

Thanks for reading. Dypto Crypto is a safe place where crypto newbies can learn and ask questions to help them make informed decisions in this exciting and volatile world. We’re having a lot of fun with YouTube shorts and TikTok. 

So check out those videos and some of our website's tools. Feel free to ask questions on our social platforms or the site. Thanks for subbing! We’ll see you next week. We hope you guys are enjoying the newsletter, and we’d appreciate some feedback. Feel free to reach out on social media and let us know how we did on the first try.