【A brief chat about the big events of the week】 Market pullback｜New stablecoin is coming｜Developer report｜Aave considers withdrawing from Polygon

Market: The cryptocurrency market experienced a significant pullback in the third week of December. Bitcoin fell from above $100,000 to below $96,000, a drop of 4.8%. Altcoins performed worse, with ETH falling 10.8%, and most tokens falling between 15-20%. The decline was mainly triggered by the Federal Reserve's policy. Although the Federal Reserve cut interest rates by 25 basis points as expected, it lowered its interest rate cut expectations in 2024, from 4 to 2 times, and at the same time raised its inflation expectations. Stablecoins: There are two important stablecoins released this week. Ripple has launched RLUSD, a stablecoin powered by a fully reserved cash and cash equivalents that will be issued on XRP Ledger and Ethereum blockchains. At the same time, Ethena Labs launched USDtb, whose reserves will invest 90% of its fund in BlackRock's US dollar institutional digital liquidity fund (BUIDL), which is currently the highest proportion of BUIDL allocation among all stablecoins. Developer Report: The 2024 Cryptocurrency Developer Report shows that although the total number of developers has dropped by 7% year-on-year, the number of senior developers (more than 2 years in the field) hit a record high, with an increase of 27%. Asia has become the continent with the largest developer share, and India has attracted the most new crypto developers in 2024. Solana is the ecosystem with the largest number of new developers in 2024, up 83% year-on-year, while Base accounts for 42% of newly written code in the Ethereum ecosystem. Aave exits Polygon controversy: Aave is considering termination of its business operations on Polygon due to concerns about the risk of cross-chain assets of the network. The decision stems from a proposal on Polygon that suggests that more than $1 billion in stablecoin reserves be used for profit farming. This sparked a public debate between the founders of Aave and Polygon, with both sides expressing different views on the motivation, security and impact on user interests. 00:16 Due to the market pullback of the Federal Reserve meeting, analysts are expected to only briefly adjust 15:44 Ripple launches new stablecoin RLUSD and Ethena launches new stablecoin USDtb 28:43 The 2024 developer report is released 34:52 Aave considers launching Polygon due to concerns about cross-chain bridge asset risks. Anchor: Vivienne (Twitter @Vivienne_smile (https://x.com/Vivienne_smile) ) Zhiyang (Twitter @zhiyangxyz (https://x.com/zhiyangxyz) ) Twitter: @0x_cryptoria (https://x.com/0x_Cryptoria) WeChat official account: Cryptoria Crypto Investment Research Disclaimer: All opinions are purely personal opinions of the anchor for sharing only and do not constitute any investment advice. Cryptocurrency investment is extremely risky. Before making any investment decisions, please conduct a full investigation and consult relevant professionals.