1. Bitcoin hits a new high at $23,770 on higher-than normal volume; DeFi’s total value locked has also hit a record on the strength of ether. Bitcoin (BTC) trading around $22,818 as of 21:00 UTC (4 p.m. ET). Gaining 9% over the previous 24 hours, which trading range was between $20,756-$23,770.
2. According to the ChainNews, The Compound development team released a new white paper, detailing the new tool Compound Chain (Compound Chain). According to the white paper, this is a distributed ledger that can transfer value and liquidity between peer-to-peer ledgers. Users can borrow and lend cross-chain assets from different blockchains such as Polkadot and Tezos based on the Compound chain. The Compound chain will issue the native token CASH to pay for transaction fees, and COMP will still act as the governance token. At present, the development team is constructing a testnet implementation with limited functions, which is expected to be released in early 2021.
3. On December 18, Coinbase Pro and Binance announced the listing of Graph (GRT) at the same time. After Coinbase Pro meets the liquidity requirements, GRT trading will be opened on December 18. Binance will open GRT trading at 04:30 on December 18.
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