What Happened in Crypto Today: 24 December Latest Crypto News

What Happened in Crypto Today: Bio Protocol, Solana, Upbit, and More

Bio Protocol Crypto Launching Soon on Binance Launchpool

In today's crypto news, Binance introduces Bio Protocol (BIO) as its 63rd Launchpool project, focusing on Decentralized Science (DeSci). Users can earn rewards by staking BNB or FDUSD from December 24, 2024, to January 2, 2025. 

A total of 99.6 million BIO tokens will be farmed, with the official listing on January 3, 2025. Key trading pairs include BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY. Bio Protocol aims to innovate the DeSci sector, promising growth within the Ethereum ecosystem. 

Institutional Investments Propel Solana's Price Surge

What is going on with crypto today? Solana's price recovery is driven by its leading role in decentralized finance and significant institutional investments. Major firms like VanEck and Bitwise have applied for Solana spot ETFs, following a $173 million funding round. 

With SOL around $175, analysts see potential dips to $160 but predict a rally to $400 if support levels hold. Increased spot market inflows and a strong total value locked (TVL) indicate Solana’s long-term bullish potential. 

Upbit to Halt Bitcoin Gold (BTG) Trading on Jan 23, 2025

Upbit, South Korea's largest crypto exchange, will end Bitcoin Gold (BTG) trading on January 23, 2025, at 14:30 KST, following an internal review. All BTG trading pairs will be removed, and orders will be canceled. Post-termination, only BTG withdrawals will be supported until February 22, 2025. 

Launched in 2017, BTG aimed to revolutionize mining but has experienced fluctuating market performance. BTG is currently priced at $13.16, down 23.10%, with a trading volume surge of 332.15%. 

Hyperliquid Labs Ensures Fund Safety Amid North Korea Rumors

Hyperliquid Labs refuted claims of being hacked by North Korean hackers, affirming fund security. Concerns arose after security expert Taylor Monahan identified suspicious trading activities linked to North Korea, leading to $194 million in withdrawals. Hyperliquid assured no exploit occurred and highlighted its strong security measures. 

Despite a 15% drop, Hyperliquid’s HYPE token price began to stabilize, recovering to $29.91, and the platform maintained 55% market dominance in the on-chain perpetual futures market. 

Crypto Donations Reduce Tax Bills, Fund Aging Research

In other latest crypto news, LSF, a nonprofit for aging research, encourages crypto donations for tax benefits. New CEO Joshua Herring highlights transparency, low costs, and quick settlements as key advantages. Donations before year-end can avoid capital gains taxes. LSF accepts over 100 cryptocurrencies via The Giving Block. 

Funds support personalized treatments and longevity science. LSF aims to raise $250,000 for Female Fertility & Longevity Research. Donors can join LongeVC’s biotech network. Consult a tax professional and donate now to benefit from the tax advantages of crypto donations.