WeFi

Embracing the enchanting winter season and the festive spirit, we extend a hearty welcome to the December edition of the WeFi Monthly Newsletter. With the frosty air and holiday cheer permeating the atmosphere, we are thrilled to keep you abreast of the latest developments in the realm of WeFi and the dynamic landscape of DeFi.As we reflect on the past month, the DeFi space has continued to witness remarkable innovation and strides forward. New projects have emerged, and established ones persist in pushing the boundaries of what is achievable. At WeFi, our commitment to spearheading the DeFi revolution remains steadfast. We stand ready to offer inventive, accessible solutions to investors globally, empowering you to navigate the complexities of DeFi with assurance.Within the pages of this edition, we will delve into the noteworthy updates and events that transpired in November, and we will uncover the thrilling opportunities that await in the DeFi space. From emerging trends to invaluable insights, our objective is to guide you through the ever-evolving world of DeFi, facilitating well-informed investment decisions. So, bundle up with your preferred holiday beverage, settle in, and let’s embark on a deeper exploration of the DeFi realm together.<h2 id="header-0">DeFi &amp; Crypto Market Updates:</h2>On December 5, 2023, Bitcoin reached $44,490 per coin, its highest in 20 months. The overall cryptocurrency market hit $1.67 trillion, with a $158 billion global trade volume. Comparing to April 6, 2022, Bitcoin then traded at $43,926, with a $2.11 trillion market value. Ethereum (ETH) was at $3,229, now at $2,296, marking a $933 decrease over 20 months.<ol><li>Ethereum creator Vitalik Buterin introduces a new philosophy of techno-optimism called d/acc, emphasizing decentralization and acceleration.<a href="https://www.coindesk.com/consensus-magazine/2023/11/28/everyone-needs-a-manifesto/?" rel="noopener noreferrer nofollow"> Read more</a> </li><li>Copper, a crypto custody and trading firm, announces plans to launch a digital securities brokerage service in Abu Dhabi early next year.<a href="https://www.coindesk.com/business/2023/11/29/crypto-custody-firm-copper-to-start-digital-securities-brokerage-in-abu-dhabi/?" rel="noopener noreferrer nofollow"> Learn more</a> </li><li>A mystery wallet accumulates 11,268 Bitcoin (BTC), worth $424 million, becoming the 74th largest BTC holder since November 10.<a href="https://www.coindesk.com/business/2023/11/29/bitcoin-buyer-quietly-accumulates-424m-of-btc-in-three-weeks/?" rel="noopener noreferrer nofollow"> Details</a> </li><li>Bitcoin flows from Binance to Coinbase, as observed in on-chain data, indicating a shift in retail flow.<a href="https://www.coindesk.com/markets/2023/11/23/binances-bitcoin-reserves-drop-as-retail-flow-moves-to-coinbase-cryptoquant/?" rel="noopener noreferrer nofollow"> Explore</a> </li><li>FTX founder Sam Bankman-Fried, in jail, reportedly uses mackerel as currency, replacing cigarettes.<a href="https://www.coindesk.com/business/2023/11/24/sam-bankman-fried-used-mackerel-to-pay-for-a-haircut-in-brooklyn-detention-center-wsj/?" rel="noopener noreferrer nofollow"> Read more</a> </li><li>Binance agrees to pay $4.3 billion to settle U.S. accusations, with CEO Changpeng ‘CZ’ Zhao stepping down and pleading guilty.<a href="https://techcrunch.com/2023/11/21/binance-to-pay-4-3b-in-fines-and-ceo-cz-to-step-down-plead-guilty-to-anti-money-laundering-charges/amp/?" rel="noopener noreferrer nofollow"> Details</a> </li><li>Ripple’s acquisition of Metaco collaborates with HSBC, signalling a step forward in connecting Ripple with traditional banks.<a href="https://www.coindesk.com/business/2023/11/27/ripple-edges-closer-to-banks-via-crypto-custody-firm-metaco/?" rel="noopener noreferrer nofollow"> Learn more</a> </li><li>Standard Chartered initiates exchange services for China’s digital yuan, the central bank digital currency (CBDC).<a href="https://www.coindesk.com/business/2023/11/27/standard-chartered-china-offering-exchange-services-for-digital-yuan/?" rel="noopener noreferrer nofollow"> Read more</a> </li><li>48 countries signed an international deal to combat crypto tax evasion, scheduled to start in 2027.<a href="https://www.coindesk.com/policy/2023/11/10/international-deal-to-combat-crypto-tax-evasion-to-start-2027-as-48-countries-sign-up/" rel="noopener noreferrer nofollow"> Details</a> </li><li>Neon EVM on Solana, part of Protocol Village, will support gas fee payments in various tokens.<a href="https://www.coindesk.com/tech/2023/11/15/protocol-latest-tech-news-crypto-blockchain/?" rel="noopener noreferrer nofollow"> Explore</a></li></ol><h2 id="header-1">WeFi Update-</h2>Get ready for an exhilarating update on the recent happenings, partnerships, integrations, and thrilling events in the dynamic realm of WeFi. The past month has been brimming with noteworthy developments, and we’re thrilled to bring you all the exciting details. Let’s jump into the highlights!<ol><li>WeFi Protocol Goes Live on Linea MainnetExplore the latest milestone as the WeFi protocol is officially launched on the Linea mainnet. Check out the details in this comprehensive blog post:<a href="https://blog.paxo.finance/wefi-protocol-is-live-on-linea-mainnet-e8ae357ff900" rel="noopener noreferrer nofollow"> WeFi Mainnet Live on Linea</a>. </li><li>WeFi’s Active Participation in Linea Voyage WavesWitness WeFi’s engagement in the Linea Voyage, featuring key involvements in core tasks of two waves: Wave 2. Bridging and Onramps: <a href="https://twitter.com/wefi_xyz/status/1724412849534152769" rel="noopener noreferrer nofollow">https://twitter.com/wefi_xyz/status/1724412849534152769</a> Wave 4. Lending and Borrowing: <a href="https://twitter.com/wefi_xyz/status/1729794406109368810" rel="noopener noreferrer nofollow">https://twitter.com/wefi_xyz/status/1729794406109368810</a> </li><li>WeFi Introduces Price Prediction Game BetaEmbark on a thrilling journey as WeFi unveils its latest innovation — the Price Prediction Game Beta. Get an exclusive look at what’s in store in this exciting release:<a href="https://blog.paxo.finance/wefi-unveils-price-prediction-game-beta-a58e236437a1" rel="noopener noreferrer nofollow"> WeFi Unveils Price Prediction Game Beta</a> </li><li>WeFi Joins Forces for Crypto Secrets Event in DubaiExperience the excitement of WeFi’s collaboration with LBank and Encryptus in the second edition of the Crypto Secrets Event held in Dubai.<a href="https://twitter.com/LBank_Exchange/status/1726609183489819067" rel="noopener noreferrer nofollow">https://twitter.com/LBank_Exchange/status/1726609183489819067</a> </li><li>Crypto Traders and Investors Meet with Pi42Dive into the world of crypto trading and investments with WeFi and Pi42 as they organize a special gathering for traders and investors in Ahmedabad, India.<a href="https://twitter.com/Pi42Exchange/status/1727950007322755116" rel="noopener noreferrer nofollow">https://twitter.com/Pi42Exchange/status/1727950007322755116</a> </li><li>WEFI Token Now Live on SyncSwap — LineaExciting news for traders! The $WEFI Token has been officially listed on SyncSwap, offering rapid and secure trading experiences with live liquidity on the Linea Chain.<a href="https://twitter.com/wefi_xyz/status/1728342041225211946" rel="noopener noreferrer nofollow">https://twitter.com/wefi_xyz/status/1728342041225211946</a></li></ol>WeFi is dedicated to cultivating a resilient and lively community, and these recent developments signify the inception of an exhilarating journey. Keep connected, stay engaged, and anticipate more updates in the pipeline.We extend our gratitude for being an integral part of the WeFi community, and we eagerly anticipate an extraordinary future ahead together! Stay up to date with WeFi’s exciting developments by joining our community on:<a href="https://twitter.com/wefi_xyz" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.com/channels/915517391520276510/981927627487068210" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/wefi_xyz_official" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/wefi_xyz/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://guild.xyz/wefi" rel="noopener noreferrer nofollow">Guild</a> | <a href="https://galxe.com/WEFI/" rel="noopener noreferrer nofollow">Galxe</a> | <a href="https://wefi.xyz/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://www.beta.app.wefi.xyz/" rel="noopener noreferrer nofollow">DApp</a>

WeFi newsletter — December Edition

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