Venus to Hold AMA on X on December 15th

Hedera schedules a mainnet upgrade to version v0.68 on December 18, at 18:00 UTC. The upgrade is expected to take approximately 40 minutes, during which users may experience temporary network disruptions.

Refer to the official tweet by HBAR:

HBAR Info

Hedera (HBAR) is a decentralized public network that allows individuals and businesses to create powerful decentralized applications (dApps). Its native cryptocurrency is HBAR, used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.

Hedera stands out from other blockchain technologies due to its use of hashgraph consensus, which promises the benefits of blockchain – decentralization, distribution, and security through hashing – with enhanced speed, efficiency, and scalability. This technology enables Hedera to process thousands of transactions per second in contrast to traditional blockchains, making it an appealing option for enterprise use cases.

Aragon will host an AMA on X on December 17th at 16:30 UTC about the deployment of Aragon-powered pre-deposit vaults supporting Status Network’s gasless framework. The presentation will examine the approach taken to bootstrap the network and the operational role of the vaults.

ANT Info

Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs). In 2016, Aragon built the first DAO framework, which has since powered the creation of over 5000 DAOs and secured over 12B in value for leading projects like Lido, Decentraland, API3, Aavegotchi and NFTX.

Aragon deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance.

The Aragon Project is governed by Aragon Networ Token (ANT) Holders in the Aragon DAO.

Alchemix will host an AMA on X titled “Can DeFi Build a Real Financial System?” on December 16 at 14:00 UTC. The session focuses on the history of DeFi, protocol security, and insights following the completion of Alchemix’s v3 audit contest.

ALCX Info

Alchemix is a DeFi platform that facilitates the generation of synthetic assets, mirroring the anticipated future returns of an initial deposit. This approach effectively offers users self-repaying loans, eliminating the possibility of liquidation often seen in leveraged positions.

The core principle behind Alchemix is to provide instant loans without the typical associated risks. Users deposit assets, which then accrue yield over time. Using the future potential yield of these assets, synthetic tokens are instantly minted and given to the user, essentially representing a loan that is auto-repaid as the yield is realized.

ALCX is Alchemix’s inherent governance and utility token. Its primary functions encompass liquidity mining, where users can stake in pools to earn rewards and a part of transaction fees. Additionally, the token facilitates the minting of synthetic assets by depositing collateral like ETH. Crucially, ALCX also empowers holders with governance rights, enabling them to participate in on-chain decision-making processes.

Kyber Network Crystal moves the FairFlow Liquidity Mining Program on KyberSwap into Phase 3, starting December 17.

The next phase continues the structured incentive framework for liquidity providers, with further details and updates expected to be released separately.

Refer to the official tweet by KNC:

KNC Info

Kyber Network is a multichain cryptocurrency liquidity center that aims to optimize and simplify the DeFi trading process by providing the user with convenient, reliable and cost-effective access to the DeFi market.

The main product of the project, KyberSwap, is a decentralized exchange and liquidity aggregator operating on the principle of providing the best exchange conditions in various blockchain networks. To help users make decisions and automate processes, KyberSwap offers tools and functionality. The platform currently operates on 11 blockchain networks, including Ethereum, Polygon, and Avalanche.

KyberSwap is an aggregator that provides access to over 20,000 tokens and $34 billion in TVL through over 60 decentralized exchanges across 11 networks. Through dynamic routing among various liquidity pools, the platform guarantees the best exchange rates using advanced smart contracts and arbitrage capabilities, while not charging additional aggregation fees. In addition, KyberSwap offers a Discover tool to identify potentially popular DeFi tokens based on an analysis of network activity and trading trends.

For liquidity providers, KyberSwap offers the Dynamic Market Maker (DMM) protocol, an enhanced version of the standard AMM. Based on market volatility, fees are dynamically adjusted to reflect current risks. Additionally, the protocol includes a “programmable price curve” — Amplification (AMP) function, which allows you to effectively simulate high liquidity even with small pool volumes, while providers can configure AMP parameters in accordance with the characteristics of the selected pair of tokens.

The token of the Kyber Network project, Kyber Network Crystal (KNC), is based on the ERC-20 standard and plays the role of a motivational tool in the Kyber ecosystem. KNC holders have the opportunity to delegate their tokens to KyberDAO to participate in voting and receive rewards.

A recent technical analysis shared on X by crypto analyst Merlijn The Trader presents Ethereum’s price action on the 2-day candlestick chart as a textbook example of Wyckoff accumulation. In his assessment, Ethereum has already moved through several key stages of the model and is now approaching a powerful expansion phase, provided the structure stays intact.

Wyckoff Accumulation Structure Taking Shape On Ethereum Chart

Over the past several days, Ethereum has traded between roughly $3,050 and $3,400, repeatedly failing to secure a sustained move beyond either boundary. At the time of writing, Ethereum’s price action is trading around $3,100.

This prolonged standoff has reinforced the view that Ethereum has returned to consolidating rather than trading in a defined trend, a behavior that aligns closely with the accumulation phase highlighted in a technical analysis by Merlijn The Trader.

In his post, Merlijn described Ethereum’s chart as a “Wyckoff masterclass,” pointing to a sequence of events that align with textbook behavior from the Wyckoff accumulation schematic, which have been playing out for the entirety of 2025.

According to the annotated structure, the spring occurred when ETH briefly dipped below $1,500 in the first half of the year. Price did not linger below that level for long, reclaiming the range within days and going on a rally that eventually ended at a selling climax (SC) of $4,946

Within this structure, the initial selling climax and automatic downtrend reaction established a clear range in which the cryptocurrency has been trading up until now. The chart labels show this as Ethereum moving through Phase D, and this has been highlighted by a downtrend in recent months. 

However, based on the Wyckoff framework, Ethereum seems to now be approaching the breakout zone, with a transition into a full Phase E and a potential vertical markup coming next if the structure continues to play out.

Phase E Projection Points To Strong Upside Scenario

If the Wyckoff roadmap continues to unfold as outlined, Merlijn believes Ethereum is setting up for a full Phase E, the final stage of the accumulation process. This phase is characterized by a sustained markup, where price exits the selling climax (SC) decisively and trends higher with increasing momentum.

Ethereum / US Dollar: @MerlijnTrader on X

The projection on the chart shows a sharp upside expansion once overhead resistance is cleared, with Merlijn pointing to $10,000 and higher as a long-term objective if the structure completes. The path higher is not expected to be linear. The model anticipates an initial push into new all-time highs, followed by a modest rejection around the $5,000 area before the price pauses to consolidate towards the Backup and Last Point of Support

According to the chart, this BU/LPS would likely form around $3,750. If Ethereum holds above that level during the pullback, it would confirm structural strength, with the subsequent expansion targeting above $10,000.

Featured image from Unsplash, chart from TradingView

Synthetix confirms that its perpetual futures exchange will go live on the Ethereum mainnet on December 17.

The launch marks Synthetix’s return to Ethereum after a period of deployment across Layer 2 networks and positions the protocol as a native provider of perpetual trading infrastructure on mainne

SNX Info

Synthetix is a protocol on Ethereum that allows for the creation of synthetic assets, or “Synths”, which are essentially tokens representing the value of real-world assets. These can range from cryptocurrencies to commodities and fiat currencies, offering traders exposure to these assets without the necessity of owning them directly.

Synths leverage decentralized price oracles to accurately track the prices of their underlying assets. Unlike stablecoins, Synths are not backed by a direct reserve of the asset they represent, but by on-chain mechanisms and smart contracts. Owning a Synth doesn’t mean owning the underlying asset; instead, it offers exposure to the asset’s price fluctuations. This functionality, coupled with the interoperability of Synths as ERC-20 tokens, allows them to be integrated into other DeFi protocols for liquidity provision and trading.

The Synthetix Network Token (SNX) is a key component of the protocol, acting as the primary form of collateral used to mint Synths. Synthetix also supports Ethereum as collateral. The system operates on an overcollateralization principle, ensuring each Synth represents less value than the collateral backing it. To maintain a certain collateralization ratio determined by governance, stakers mint or burn Synths or add more collateral, which is essential for them to continue earning staking rewards.