Cryptocurrency
BYDFi Market Overview: UFD,HYPE and USUAL’s Growth, PENGU’s Stable US$1,800,000,000 Market Cap

[PRESS RELEASE – Mahe, Seychelles, December 24th, 2024]
On December 24, 2024, the BYDFi crypto exchange officially launched new tokens, including PENGU, HYPE, UFD, and USUAL. These are different Memecoins and DeFi tokens, enriching the categories of assets on the platform and giving global users more investment opportunities.
UFD’s Surge, PENGU on Hot List with $1.8B Market Cap
UFD, or Unicorn Fart Dust, is a meme coin in the Solana ecosystem that has been growing with the tag of a “social experiment.” A 54-year-old gold and silver trader was inspired to create his own meme token, UFD, based on Fartcoin, which had a market cap of $500 million. The creation of UFD symbolizes the innovative trend of the cryptocurrency market as well as the openness of the industry towards investors cutting across all age groups.
From GMGN data, on December 19th, UFD market cap has already passed $230 million , the 24-hour price increase was at 434%, and a 24-hour trading volume of $145.4 million.
According to Onchain Lens, one address that bought UFD early on changed $700 into $1.8 million in less than 7 hours. According to Lookonchain, a trader bought 12.98 million UFD tokens for 0.4 SOL two days ago. During the price spike, the trader sold over 80,000 UFD tokens twice, netting $4,500 while holding 12.9 million tokens in their account.
PENGU is the official token created by the Pudgy Penguins project, which contains 8,888 unique cartoon penguin NFTs. Each NFT generates randomly assigned qualities through the use of up to 150 hand-drawn components. These penguins have up to five different features, such as distinctive backgrounds, body shapes, clothes, and accessories.
PENGU is launched on the Solana blockchain in December 2024 with a total of 88,888,888,888 tokens. The overall market cap has crossed $1.88 billion, and the 24-hour trading volume is $360 million, with 62.86 billion tokens in circulation. The project intends to propel Web3 innovation through the Abstract public blockchain and developer incubator, and it has the support of the robust NFT community of Pudgy Penguins. Abstract recently raised $11 million, majorly coming from Peter Thiel’s Founders Fund, and hence offers a lot of support towards developing the PENGU ecosystem.
On-Chain Speed and Stable Ecosystem: Dual Innovations of HYPE and USUAL
HYPE is the native token of the decentralized derivatives protocol Hyperliquid and is the core asset of the high-performance L1 platform. With a latency of less than one second and complete transparency in its order book, trading, and settlement, Hyperliquid focuses on totally on-chain operations. The Hyperliquid platform is a rising leader in the DeFi industry, with a total asset value of $2.173 billion, according to DefiLlama data.
HYPE’s price has increased in 1345% since it was launched from $2 to $28.91. The 24-hour trade volume for HYPE has now surpassed $15 billion, according to data by @HyperliquidX, which marks a new record.
USUAL is the native governance token of the Usual protocol. It aims to create a secure and efficient stablecoin ecosystem backed by real-world assets, or RWA. Among its core functions are:
- Governance: Transparency in decentralized governance and community leadership is ensured by allowing holders to take part in crucial protocol decisions like earnings distribution and collateral management.
- Yield: The users can benefit from the RWA investments of the protocol with yields on US Treasury bonds by staking USUAL.
- Stablecoin Ecosystem: supports the main products of the protocol, being USD0, a stablecoin, which RWA supports and USD0++, a variant of liquid staking, and holders can share revenue via management or staking.
It also ties the issuance of USUAL tokens to total value locked, where increases in TVL reduce the token supply, thus constituting a deflationary mechanism that can boost long-term value. As of December 18, USD0 minting was seen reaching a record-breaking 190 million units with the total supply rising beyond 1 billion units netting 136 million units. It can be established that the high level of capital attraction of the Usual procedure is by reaching the Treasury revenue of $5.89 million. The increase of USD0 and USD0++ will enhance TVL by raising USUAL’s scarcity and value appreciation. At the moment of writing, the token’s price is $1.39, up 34.2% over the previous day. At $838,695,117, the trade volume is more than it has been in the past.
Meanwhile, BYDFi has simultaneously launched additional tokens, including FUEL, VANA, SEND, and ARCSOL. Users can visit the BYDFi official website or the BYDFi app to stay updated on the latest market trends and detailed information about these tokens.
About BYDFi
Founded in 2020, BYDFi is considered among the top 10 best crypto exchanges around the world according to Forbes, and trusted by millions of users all over the world. It currently supports more than 600 tokens for spot trading, with options for leverage from 1x to 200x to suit every investment strategy. Besides, BYDFi has also simplified the procedure of buying cryptocurrencies by working with world-class payment service providers like Banxa, Transak,and Mercuryo, enabling its users to purchase coins at a low cost.
In the future, the upcoming “BYDFi Copy Trading” feature will automatically suggest the top traders according to the user’s risk tolerance and account assets. Users can easily activate the copy trading mode using only a tap and replicate professional traders’ strategies. BYDFi aims to provide a world-class crypto trading experience for its users.
Contact BYDFi
For inquiries and support, users can reach them via the following:
Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube
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Cryptocurrency
XRP Hits $2.35, Then Dips as Senate Testimony Looms

TL;DR
- Ripple CEO to testify as lawmakers debate XRP’s future under SEC or CFTC oversight.
- The asset token forms a bullish inverse head-and-shoulders pattern with analysts predicting a 12% breakout.
- Court denies Ripple-SEC settlement; Senate hearing and Crypto Week may shape XRP’s classification.
Garlinghouse Will Testify Before the Senate
Ripple CEO Brad Garlinghouse is set to testify before the Senate Banking Committee on July 9. The hearing, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” will explore how digital assets are traded and regulated in the United States.
Garlinghouse confirmed his participation via X, stating he would speak on the need to pass legislation that defines crypto market structure. He will feature along with Summer Mersinger of Blockchain Association, Chainalysis co-founder Jonathan Levin, and Paradigm partner Dan Robinson. Lawmakers are expected to revisit key questions about oversight, including whether assets like XRP fall under the CFTC or SEC.
I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Thank you to @BankingGOP Chairman @SenatorTimScott, @SenLummis and @SenRubenGallego (as leaders of the Subcommittee for…
— Brad Garlinghouse (@bgarlinghouse) July 7, 2025
XRP Breakout Signals 12% Surge
XRP’s price jumped to $2.35 between July 7 and 8 after a sharp rise in trading volume. More than 182 million XRP traded hands during the rally. The price later settled around $2.26, reflecting a slight 0.3% dip in the past 24 hours.
Despite the retreat, crypto analyst Ali Martinez said on X,
“$XRP is breaking out!”
He noted that the token has formed an inverse head-and-shoulders pattern, often viewed as a bullish signal. Martinez said that this setup could lead to a 12% upside in the short term.
$XRP is breaking out! pic.twitter.com/y5S8LdYgXG
— Ali (@ali_charts) July 7, 2025
Meanwhile, traders are watching closely ahead of the Senate hearing. Some expect clearer legal definitions to emerge around XRP’s status. Support for the CLARITY bill, which aims to define regulatory boundaries for digital tokens, could shape how XRP is treated going forward.
Ripple-SEC Case Nears Final Chapter
Garlinghouse’s appearance follows Ripple’s recent decision to withdraw its cross-appeal in its legal case with the SEC. The decision came after Judge Analisa Torres ruled that XRP sales on secondary markets were not unregistered securities. A $125 million penalty tied to earlier sales remains in place.
Both Ripple and the SEC filed a motion to end the case and reduce penalties, but the court denied it. Judge Torres said only the court can revise a ruling. The SEC has not yet confirmed if it will drop its own appeal.
Upcoming Crypto Week May Drive Policy Shift
In addition, the Senate hearing sets the tone for the House’s “Crypto Week,” which begins July 14. Lawmakers will discuss three bills: one on stablecoins, one on market structure, and one addressing central bank digital currencies.
The market structure bill, known as CLARITY, could define how crypto assets are regulated. Ripple may benefit if XRP is officially treated as a commodity. That would put it under CFTC rules and remove lingering questions about its classification.
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Cryptocurrency
Introducing the Zama Confidential Blockchain Protocol

Ask anyone familiar with blockchain what the biggest drawbacks to the technology are: while some specific answers might vary here and there, you’ll likely find that security and privacy concerns are always high on the list, often accompanied by questions about the technology’s speed and the regulation around it.
Then why even use blockchain, if you can’t entirely trust it? After all, you’ve been managing things like finance, governance, and more without blockchain for a long time before this technology came along. What has certainly changed is the growing need for users and consumers, as well as companies and organizations, to receive adequate guarantees that the services they require are provided securely.
Transparency VS Confidentiality?
Blockchain networks are fundamentally transparent, and the fact that everything onchain is public is widely considered positive, especially when it comes to verify transactions. The downside, of course, is that all the key information about the transactions are also available, including data that you’d rather not disclose. This is where the ongoing dilemma plaguing a more widespread implementation of blockchain technology comes in: keeping transactions private prevents verifiability, but without the ability to verify the transactions the lack of transparency exposes users to uncomfortable scenarios.
The line between transparency and confidentiality becomes even more blurred when building decentralized applications (dapps). Today, all transaction details — including balances, transfer amounts, and contract states — are publicly visible onchain; this makes blockchain unusable for many institutional and consumer applications requiring privacy, which is the standard in the world of finance.
The lack of confidentiality is a big obstacle to the mass adoption of dapps, which is crucially the next frontier for blockchain. The past few years have seen a big focus on building stable infrastructures: now it’s time to build upon those infrastructures and create applications that can realise the full potential of blockchain. The key to unlocking this potential is a solution that combines the best of both worlds, shifting the conversation from “transparency VS confidentiality” to “transparency + confidentiality”, as the web did when moving from HTTP to HTTPS.
Solving the dilemma: the Zama Confidential Blockchain Protocol
Transparency, while foundational to consensus, comes at the cost of privacy. It is with the intention to overcome this problem that Zama’s team has been working tirelessly for the past couple of years. An open-source cryptography company building state-of-the-art FHE solutions for blockchain, Zama has long identified Fully Homomorphic Encryption (FHE) – a technology that enables processing data without decrypting it – as the groundbreaking technique that can change the way users, businesses and organizations think about privacy.
From the start, blockchain seemed the perfect environment to dive into and develop the full potential of FHE, a long and complex exploration culminating with the launch of the Zama Confidential Blockchain Protocol.
The Zama Protocol resolves the longstanding tension between transparency and confidentiality onchain. Combining FHE coprocessors, threshold Multi-Party Computation (MPC), and Zero-Knowledge Proofs (ZKPs), the protocol enables private computation in public environments.
This is the most complete confidentiality protocol to date, allowing developers to code fully confidential smart contracts using familiar tools like Solidity without modifying the underlying blockchain by offering a few key elements:
- End-to-end encryption of transaction inputs and state
- Composability between confidential contracts, as well as with non-confidential ones
- Programmable privacy, with smart contracts defining who can decrypt what, making it easy to build dapps that comply with regulations globally
As outlined in the Zama Protocol Litepaper, the protocol introduces a novel cross-chain confidentiality layer that can operate on top of existing blockchains. With these characteristics, the Zama Protocol enables confidential smart contracts to run seamlessly across any Layer 1 or Layer 2 network, extending privacy guarantees without altering the underlying infrastructure.
Beyond FHE
The Zama Protocol heavily leverages the ability to securely compute directly on encrypted data. For this reason, FHE has long been considered the “holy grail” of cryptography, despite slow speed and limitations to ease of use: this is why Zama’s team has worked to deliver a technology that can support any type of application, using common programming languages such as Solidity and Python, while being over 100x faster than a few years ago.
With the goal to create a game-changing comprehensive protocol meeting all the requirements to deliver a fully confidential blockchain, the team worked outside the familiar confines of FHE. As the main component powering the protocol, Zama’s library FHEVM makes it possible to run confidential smart contracts on encrypted data: combining this with MPC to ensure secure collaboration and ZK for verifiability, Zama looks to overcome the main shortcomings of each individual solution.
Unlocking new possibilities
One of the main motivations behind Zama’s dedication to this project is the growing demand for privacy-preserving primitives in blockchain. Whilst there is an increasing interest for solutions from confidential token transfers to stablecoins, from private DeFi to privacy-preserving identity and compliance, none of these can currently be safely deployed on public chains without confidentiality guarantees.
- Finance & Banking: Secure transaction processing, risk modeling, and confidential onchain payments, making blockchain technology suitable for financial institutions.
- Confidential DeFi: Private smart contracts and dapps apps that fully protect user data.
- FHE State OS & Network States: Strong confidentiality for onchain communities and network states, supporting democratic governance while protecting sensitive information.
- End-to-End Encrypted Transactions & State: All data in transactions is encrypted and never exposed, ensuring complete confidentiality.
- Onchain Composability & Data Availability: Smart contract states are continuously updated while remaining fully encrypted, preserving both composability and privacy.
Thanks to this approach, adopters of the Zama Protocol can enjoy all the advantages of the different techniques without limitations: verifiability, decentralization, scalability, composability, security and, crucially, ease of use for developers.
To usher in what aims to be a revolution for onchain privacy with its protocol, Zama has launched a public testnet (read more about it on the official Zama Protocol documentation), providing developers with a ready-to-build foundation for privacy-preserving decentralized applications. This will allow anyone to deploy and test their confidential dapps, as well as enabling operators to coordinate and get used to the operations.
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Cryptocurrency
Bitcoin Price Analysis: BTC at Risk of Pullback as New ATH Hopes Diminish

Bitcoin has slightly lost its bullish steam upon nearing the $111K all-time high, with strong selling pressure emerging at this key level.
The price continues to struggle in reclaiming this threshold, signaling a likely period of consolidation or corrective movement in the days ahead.
Technical Analysis
By ShayanMarkets
The Daily Chart
Bitcoin’s bullish rally toward its all-time high of $111K has shown signs of exhaustion, with the price losing momentum near this key resistance. The inability to reclaim the previous high around $110K suggests the potential formation of a double-top pattern, a classic bearish reversal signal.
Currently, BTC is consolidating within a critical price range, bounded by the $111K ATH and a fair value gap between $103K and $104K. Given the visible weakness in bullish momentum, a short-term rejection and further consolidation within this zone are likely. That said, the FVG may act as a significant demand zone, potentially halting any deeper corrections and providing the base for another upward attempt toward the $111K mark.
The 4-Hour Chart
On the 4-hour timeframe, BTC failed to print a new higher high above $110K, encountering notable rejection at this resistance. This price action confirms the presence of heightened selling pressure and distribution behavior near the ATH zone, reinforcing $111K as a key barrier.
Bitcoin now trades between two prominent liquidity zones: one just below $105K and the other above $110K. These liquidity pools are attractive targets for institutional players and could drive price volatility in the short term. As such, a range-bound movement is expected between these levels until a decisive breakout occurs, likely triggered by a liquidity sweep in either direction.
Sentiment Analysis
By ShayanMarkets
Over the past 45 days, taker users on Binance Derivatives have persistently engaged in sell-side activity. Despite this, Bitcoin has remained range-bound between $100K and $110K, while the Cumulative Volume Delta (CVD) has shown a consistent negative trend throughout the period.
The CVD, which measures the net flow of buy and sell volume in real time, highlights a clear dominance of aggressive selling pressure. However, the price’s ability to hold steady, without further decline, points to a potential absorption phase, likely directed by institutional investors or large-scale players quietly accumulating.
This ongoing divergence between persistent sell-side flow and stable price action suggests that Bitcoin may be forming a strong base. If the current structure holds, with continued absorption within the range, the likelihood of a bullish breakout increases, potentially setting the stage for a renewed uptrend.
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