Bitfinex predicts the total market capitalization of the cryptocurrency market, currently at approximately $1.6 trillion, is poised to double — potentially reaching a staggering $3.2 trillion, according to its year-end Alpha report. Despite the challenges faced in 2023, including regulatory hurdles and reputation concerns, the company remains optimistic about the…
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Several Avalanche-based memecoins are up more than 100% today after the blockchain network’s Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative. Memecoin purchase goals In a Dec. 29 post on social media platform X (formerly Twitter), Avalanche Foundation said it would purchase…
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In the crypto market, tracking the supply of stablecoins is essential for understanding liquidity trends. Stablecoins, predominantly used as trading pairs for other cryptocurrencies on exchanges, reflect the flow of funds in the market. The aggregate capitalization of the top five stablecoins – Tether (USDT), USD Coin (USDC), Binance USD…
Quick Take With the countdown to the Bitcoin halving event of April 2024 underway, the digital asset ecosystem is witnessing notable financial shifts. The halving, designed to reduce block rewards by half, is already sparking changes in the miner balance. From an initial 1.833 million Bitcoin held in miner addresses,…
As the anticipation of the approval of a spot Bitcoin ETF finally comes to a head, the Ark 21Shares Bitcoin Trust has made 16 significant clarifications and additions to its S1 filing across several areas, ranging from operational processes to financial responsibilities and regulatory aspects, providing a more explicit, more…
Tech billionaire Elon Musk revealed that electric carmaker Tesla is developing artificial general intelligence (AGI) for its Full Self-Driving (FSD) vehicles, a significant step in achieving complete self-driving capabilities. In a Dec. 29 post on X, Must stated: “It is increasingly clear that all roads lead to AGI. Tesla is…
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Ethereum’s co-founder Vitalik Buterin shared his insights on the evolving landscape of the crypto ecosystem on Dec. 29, mainly focusing on Ethereum’s role in shaping a more open and decentralized internet in a blog post entitled “Make Ethereum Cypherpunk Again.” Since its inception, Ethereum has journeyed beyond being a mere extension…