The initiative will now be carried out throughout the platform as an opt-in tool for subreddits. Redditors can earn Community Points by contributing to a subreddit, such as generating and posting valuable material or offering to manage the community, similar to how karma works.

Reddit is "highly encouraged to use care" while the points are still testing. Selling, swapping, or trading points is against the site's terms and conditions.

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"While Points are on a testnet, this type of action is exceedingly hazardous - Points can be lost or they may not be moved over to the regular Ethereum network," Reddit warned.

The Community Points program is presently running on the Ethereum Rinkeby testnet, with intentions to move to the Ethereum mainnet utilizing the Ethereum layer-2 scaling solution Arbitrum.

$11 billion added to the stablecoin economy in 10 days, with UST and OUSD issuance increasing

The stablecoin economy surpassed the $150 billion threshold for the first time in November, with tether and USD coins ruling the pack.

The total stablecoin economy has expanded 7.33 percent in 10 days, from $150 billion to $161.2 billion today.

Stablecoin marketplaces have grown in size month after month, and the token tether (USDT) is the most valuable stablecoin in market capitalization. USDT has a market capitalization of roughly $77.3 billion, according to statistics, and its market cap increased by 6.1 percent in the previous month.

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With a market cap of over $41 billion, the USD coin (USDC) is the second-largest stablecoin today. The market capitalization of USDC increased by 19.5 percent in the previous 30 days.USDT and USDC together account for 4.75 percent of the whole crypto economy.

The two stablecoins USDT and USDC control 73.21 percent of the total $161 billion in fiat-pegged tokens in the stablecoin market. While tether is the most popular stablecoin, USDC is the third most popular stablecoin after BUSD.

Ethereum Maintains Its Strength While Bitcoin Remains Stuck Between $50,000 and $51,000

Ethereum is attempting to consolidate above the 20 EMA at $4,350, while Bitcoin attempts to break through the $51,000 resistance level.

After recent turbulence, crypto markets are settling down, and the world's most popular cryptocurrencies are attempting to gain a further positive turn. If Bitcoin can settle over $51,000, it will advance towards recent highs above $52,000, which will be positive for the whole cryptocurrency market.

Today, most other cryptocurrencies are trending upwards. Dogecoin has lately reclaimed the $0.18 mark and is edging closer to the previous highs near $0.1850. Shiba Inu is still locked between $0.000036 and $0.000037. XRP has found support at $0.80 and is advancing towards $0.85, while Solana has been fairly stable near $190.

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Compared to the previous day, the technical picture for Ethereum has remained relatively unchanged. Ethereum is attempting to break through the 20 EMA, a significant resistance level. The RSI is still in the moderate range, and there is plenty of possibility for more upward momentum if the correct catalysts appear.

What are your thoughts about these?