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DogeUni expands cross-chain ecosystem with ClassZZ and DisChain

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DogeUni has announced innovative integrations and a dual rewards scheme that will improve Dogecoin’s capacity for liquidity mining and cross-chain transactions.

DogeUni has unveiled an innovative merger between DisChain and ClassZZ. This integration is aimed at transforming Dogecoin’s utility in the decentralized finance (DeFi) world by enabling smooth cross-chain and cross-protocol activities.

https://twitter.com/dogeuni_/status/1864921159877431662?s=61&t=Goh7F7TZjoAVMq_tusVLpw

DogeUni’s recent liquidity mining project encourages participation and increases liquidity inside the Cardinals protocol by offering dual incentives in CZZ and DIS tokens.

ClassZZ (CZZ) is now trading at about $0.01976 per token as of December 6, 2024, which represents a significant increase of 3.35% over the previous day and 54.7% over the previous week. ClassZZ has grown remarkably in the last few months, suggesting strong market demand. The implementation of liquidity mining and dual rewards in CZZ and DIS is anticipated to improve Dogecoin (DOGE) network liquidity and encourage user engagement.

DogeUni expands cross-chain ecosystem with ClassZZ and DisChain - 1
ClassZZ weekly chart, December 2024 | Source: Tradingview

DisChain is now trading at $0.00141, a remarkable 118% increase from the previous day. This increase shows that investors are becoming more interested in DisChain (DIS) as its value and usefulness are increased by its connection with Dogecoin via DogeUni. The price movement indicates optimism about the possibility of liquidity mining and cross-chain operations.

DogeUni expands cross-chain ecosystem with ClassZZ and DisChain - 2
Dischain daily chart, December 2024 | Source: Tradingview

Dogecoin, which can be regarded as a meme coin, has experienced significant growth and is currently trading at $0.43880. Compared to October 2024, this is a tremendous 196% rise. The price increase of Dogecoin demonstrates its increasing significance in the cryptocurrency ecosystem, which is further supported by its merger of ClassZZ and DisChain as well as its integration with up-and-coming initiatives like DogeUni.

DogeUni expands cross-chain ecosystem with ClassZZ and DisChain - 3
Dogecoin weekly chart, December 2024 | Source: Tradingview

As Dogecoin’s value rises, more money will probably flow into related projects like CZZ and DIS, which will profit from increased network activity and cross-chain integrations. These related initiatives stand to benefit from increased attention and money flow as Dogecoin’s market presence grows, which will eventually increase its liquidity, engagement, and overall market worth.





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Bitcoin

Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC

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Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC.

Metaplanet, a publicly traded Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen.

According to the company’s latest financial disclosure, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company has spent 20.872 billion yen in total on Bitcoin acquisitions, the document reads.

The latest purchase is the largest so far for the Tokyo-headquartered company and comes just days after Metaplanet issued its 5th Series of Ordinary Bonds via private placement with EVO FUND, raising 5 billion yen (approximately $32 million).

The proceeds from this issuance, as disclosed earlier, were allocated specifically for purchasing Bitcoin. These bonds, set to mature in June 2025, carry no interest and allow for early redemption under specific conditions.

Metaplanet buys dip

The company also shared updates on its BTC Yield, a metric used to measure the growth of Bitcoin holdings relative to fully diluted shares. From Oct. 1 to Dec. 23, Metaplanet’s BTC Yield surged to 309.82%, up from 41.7% in the previous quarter.

Bitcoin itself has seen strong performance this year, climbing 120% and outperforming assets like the Nasdaq 100 and S&P 500 indices. However, it has recently pulled back from its all-time high of $108,427, trading at $97,000 after the Federal Reserve indicated only two interest rate cuts in 2025.

Despite the retreat, on-chain metrics indicate that Bitcoin is still undervalued based on its Market Value to Realized Value (MVRV-Z) score, which stands at 2.84 — below the threshold of 3.7 that historically signals an asset is overvalued.



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Blockchain

Horizen spikes 60% to lead gainers as BTC, ETH bounce

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Horizen price spiked more than 60% in 24 hours as the cryptocurrency market looked to recover from a massive dump that saw top altcoins crash to key support levels.

On Dec. 20, as Bitcoin (BTC) traded to above $97k and Ethereum (ETH) bulls pushed above $3,400, the price of Horizen (ZEN) surged to highs of $26.34. The cryptocurrency, which rallied sharply following a recent Grayscale Investments announcement, reached a multi-year high and ranked among the top gainers in the 500 largest cryptocurrencies by market cap.

ZEN traded at lows of $14.55 on Dec. 19. However, despite the broader crypto crash and the staggering $1.4 billion liquidations, the altcoin’s price hovered above $26 in early trading during the U.S. trading session.

According to crypto.news price data, Horizen recorded a 24-hour trading volume of over $397 million, with its market cap exceeding $407 million. These metrics reflected increases of 294% and 62%, respectively, in the past 24 hours. While ZEN has surged nearly 200% over the past month, its current levels are still more than 84% below the all-time high of $168 reached in May 2021.

If the broader crypto market continues to rebound, ZEN bulls may aim for March 2022 highs near $50.

The positive momentum has benefited from Grayscale opening of the Grayscale ZEN Trust to qualified investors. Prices of the altcoin rose as the digital asset manager unveiled the fund to offer exposure to Horizen for qualified investors.

Earlier this month, Horizen’s native token underwent its final halving, which came as the project geared for a key change in its tokenomics. ZEN will not see any further halvings as the new network mechanism enables a declining emission rate.

That’s because Horizen, is shifting from the proof of work mining model that mirrored Bitcoin’s halving cycle to a new proof of stake mechanism in 2025. Horizen’s last halving occurred on Dec. 12, 2024.

New tokenomics for Horizen will come into effect in the first half of 2025.



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Binance

Binance Futures updates leverage and margin tiers for multiple USDⓈ-M perpetual contracts

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Binance’s updated leverage and margin tiers offer improved trading options for select trading pairs, bringing both potential rewards and risks for crypto traders.

The leverage and margin levels for USDⓈ-M perpetual contracts, including DAR, ME, CAKE, IOTA, LPT, ONE, and ZEN, will be updated by Binance Futures today, with effect from 08:15 UTC on Dec. 19, 2024.

USDⓈ-M stands for USD-Margined Futures, a type of cryptocurrency futures contract offered on platforms like Binance. It refers to stablecoins such as USDT (Tether) or BUSD (BUSD), which are pegged to the US dollar. These contracts are settled in these stablecoins, rather than traditional fiat currency or the underlying crypto asset.

Depending on the contract and position size, the revised leverage tiers will vary from 1x to 75x, enabling traders to fully benefit from their leveraged positions in the crypto market.

Leveraged positions of traders will be impacted by the new maintenance margin rates, which range from 1.00% to 50.00%.

Margin is the total amount of collateral needed to open and sustain a trading position, whereas leverage is the borrowing of funds to increase the size of a position. The possible return increases with leverage, but the chance of loss also goes up.

By adjusting the margin and leverage tiers, Binance Futures continues to give traders more choices to control risk and profit from volatile crypto market movements.

Traders must keep themselves updated with Binance Future trading rules and exercise risk management, particularly when working with high-leverage instruments over several contracts and margin holdings.



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