Ahead of Christmas Eve, Bitcoin just surpassed the $98,000 mark on December 24, sparking the discussion about the…
PancakeSwap, a decentralized exchange (DEX), achieved a milestone year in 2024, driven by growing interest in decentralized finance (DeFi) and the rise of layer-2 (L2) blockchain networks. The platform recorded $310 billion in total trading volume, representing a nearly 179% year-over-year (YoY) increase from $111 billion in 2023. The surge was primarily attributed to significant growth on L2 networks, including Arbitrum and Base. According to a PancakeSwap report shared with Cointelegraph, Arbitrum saw a staggering 3,656% YoY increase to $13.2 billion in trading volume, while Base experienced a 3,539% YoY rise to $11.6 billion. The PancakeSwap team highlighted the role of increasing DeFi activity and investor sentiment in reaching this milestone. “PancakeSwap’s 179% YoY growth in trading volume reflects the positive market sentiment and increased activity in the DeFi and DEX sectors,” they told Cointelegraph. PancakeSwap: Second-Largest DEX by Volume DefiLlama data shows PancakeSwap as the second-largest DEX, with a $2.23 billion daily trading volume, trailing only Uniswap, which recorded $3.11 billion in 24-hour volume. The platform’s 2024 growth extended across multiple chains, including a 251% increase on Ethereum and a 155% rise on the BNB Chain. Cross-Chain Expansion and Milestones Beyond its L2 success, PancakeSwap’s cross-chain growth and user experience upgrades contributed to its record-breaking $310 billion trading volume. According to PancakeSwap, the DeFi ecosystem’s total value locked (TVL) surged by over 124% in 2024, climbing from $54 billion on Jan. 1 to $121 billion by Dec. 24, per DefiLlama data. This achievement underscores PancakeSwap’s role in the expanding DeFi landscape, marking a pivotal year for the platform and the broader decentralized trading sector.
Despite Bitcoin’s remarkable 113% surge in 2024, many mining stocks are struggling, emphasizing the disconnect between cryptocurrency price and miner profitability. While Bitcoin miners have historically benefited from rising prices,
Corporate Bitcoin investor MicroStrategy has announced a Special Meeting of Shareholders to address proposals that aim to advance its Bitcoin-focused 21/21 Plan while simultaneously streamlining capital-raising efforts. In a letter from the Executive Chairman, the company outlined three major agenda items to be decided during the meeting, which will be conducted virtually. MicroStrategy’s New Proposals The first proposal seeks to amend the company’s Second Restated Certificate of Incorporation to increase the number of authorized Class A shares from 330 million to 10.33 billion. This would facilitate potential future capital-raising activities. The second involves increasing authorized preferred shares from 5 million to 1.005 billion and offering expanded financing options for strategic initiatives. Lastly, the company aims to amend its 2023 Equity Incentive Plan to grant automatic equity awards to new directors joining the Board, aligning their compensation with MicroStrategy’s long-term Bitcoin strategy. Since October 2024, the firm has raised over $2 billion through equity and debt instruments to expand its Bitcoin holdings, ramping up its position as a corporate leader in digital asset investment. According to the letter, the proposed amendments would provide the flexibility needed to adapt the company’s financial strategy to evolving market conditions while ensuring sustained alignment with its long-term goals. While the company highlighted the potential for enhanced shareholder value through these measures, it went on to add that the increased share authorizations would not result in immediate dilution but instead offer a framework for gradual implementation. Aggressive Bitcoin Pile-Up The latest development comes just a day after MicroStrategy founder Michael Saylor announced acquiring 5,262 BTC between December 16 and 22. This stash is worth approximately $561 million and brings its total Bitcoin holdings to 444,262 BTC, acquired at an aggregate price of $27.7 billion, with an average cost of $62,257 per BTC. Interestingly, the purchase was made at an average price of $106,662 per Bitcoin, which marks the highest price the firm has ever paid per coin. The post MicroStrategy Calls Special Shareholder Meeting to Advance 21/21 Bitcoin Plan appeared first on CryptoPotato .
Many mining stocks are on track to close the year in the red, even with Bitcoin’s gains in 2024.
The minimum wage for 2025 is set at 22,104 TL. Cryptocurrency purchasing power has significantly declined for minimum wage earners. Continue Reading: Government Sets Minimum Wage for 2025 at 22,104 TL The post Government Sets Minimum Wage for 2025 at 22,104 TL appeared first on COINTURK NEWS .
Artificial intelligence is quietly taking over Formula 1 (F1). Not in a flashy, futuristic way, but as a cold, calculated tool completely changing how teams approach the world’s most intense motorsport. At McLaren’s headquarters in Woking, England, AI doesn’t scream for attention, but its influence is undeniable. The 60-year-old racing giant has reportedly made AI the backbone of its operations, fine-tuning everything from race-day strategies to commercial growth. Dan Keyworth, McLaren’s director of business technology, revealed how the team is using machine learning to sharpen its edge. By simulating probabilities, they’re training AI models to predict everything, down to the finest details of pit stop efficiency and tire performance. “We’re an organization that’s used traditional machine learning for a long time,” Keyworth said. Now, they’re taking it to the next level with real-time data analysis and digital twins—3D digital replicas of their cars—that recreate track conditions in frighteningly accurate detail. AI simulations sharpen race-day decisions The competition in Formula 1 isn’t limited to the track. Off-track, it’s a battle of brains, servers, and algorithms. McLaren’s digital twins are just one weapon in their arsenal. These virtual models allow teams to simulate and tweak the performance of their cars based on real-world conditions. It’s all part of the broader AI strategy, which Keyworth said focuses on three pillars: car performance, daily operations, and fan engagement. During a race, every second counts. McLaren uses generative AI to predict what might happen on the track, from the best time to make a pit stop to the optimal tire choice for shifting conditions. “What AI allows us to do is game out actual scenarios and go, ‘What will happen?’” Keyworth explained. The models are so precise that the results often border on the “almost scary.” But McLaren isn’t alone in this AI arms race. Aston Martin Aramco has its own data-driven playbook. Clare Lansley, the team’s chief information officer, explained that machine learning helps predict patterns by analyzing vast amounts of data on tires, weather, and track conditions. Their “data lakes” store enormous volumes of information, which their algorithms crunch to improve decision-making. “The speed of these developments is really impressive,” Lansley said. The ultimate goal? Free up engineers to focus on car performance instead of drowning in repetitive tasks. Red Bull Racing has also embraced AI with a vengeance. Guillaume Dezoteux, head of vehicle performance at the Italian team, said the technology trims down the need for hundreds of simulations. AI-powered insights let teams make decisions faster and with precision, shaving off milliseconds that could mean the difference between winning and losing. Connectivity fuels F1’s AI revolution Formula 1’s AI transformation would fall apart without one key ingredient: connectivity. It’s the backbone that holds the sport together. Every race, McLaren reportedly packs up mobile data centers—mini server rooms—and flies them around the world. These units process data in real-time, ensuring that engineers at the track and back in Woking can communicate seamlessly. These portable data hubs enable McLaren to process vast amounts of information, from real-time car telemetry to live race strategies. He also uses AI to personalize fan experiences, particularly in emerging markets like the U.S., where the sport is exploding in popularity. By tailoring content to fans’ preferences and delivering it at the right times, McLaren is deepening its connection with its audience. Keyworth said the team is working to make fans “feel more connected” through targeted, AI-driven engagement. On the business side, AI is helping streamline operations. Keyworth described it as a tool for replacing “laborious” tasks, not human workers. The goal is to make workflows faster and more efficient, allowing employees to focus on high-value activities rather than mundane administrative work. “You want to unlock your team to do the things that you hired them for,” he said. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Memecoin influencer Murad has revealed new data showing PEPE as the leading memecoin community in terms of users with over $1,000 worth of tokens. According to Murad, this metric serves as a strong indicator of community belief and activity in the memecoin space. The chart shared by Murad highlights that 77,145 PEPE holders have assets exceeding $1,000, representing 21.5% of the entire PEPE community. This figure puts PEPE at the top of all memecoin communities. Following behind PEPE, WIF comes in second with 24,147 users holding more than $1,000. Other notable memecoins on the list include SPX6900, POPCAT, and MOG, which rounds out the top five. Related News: Veteran Analyst il Capo Finally Reveals the Altcoins in His Portfolio Murad notes that the number of significant holders reflects the vitality and engagement of a memecoin community and is a useful metric for gauging the health and long-term potential of these projects. PEPE price has remained almost unchanged over the past month and is trading 31% lower than its all-time high at the time of writing. *This is not investment advice. Continue Reading: Data Revealed: This Memecoin Has the Strongest Community
The Bitcoin price has sured by nearly 6% over the past 24 hours