First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA’s Incoming CEO
Altcoin roundup
-
AAVE proposes decentralized stablecoin: The U.S. dollar-pegged algorithmic stablecoin GHO will be minted by users and generate interest yields. It will be native to the Aave ecosystem and available on the Ethereum network initially but is expected to be offered on other Aave-supported blockchains based on future community votes. Read more here.
-
Ethereum name service spikes: Ethereum Name Service (ENS) domain registrations spiked this week as a prominent address sold for hundreds of ether (ETH), sparking retail interest. ENS is a decentralized domain name protocol that runs atop the Ethereum network, providing users with easily readable names for their crypto wallets. Read more here.
-
XRP leads crypto recovery: XRP rose by more than 5% as major cryptocurrencies recovered over the past 24 hours and broader equity markets strengthened, even with two U.S. Federal Reserve policymakers calling for higher rate increases in the coming months. Read more here.
Recommended News
-
Who is the king of decentralized lending? Hecolend is coming!
In recent years, the social and financial status of digital assets has been significantly improved. A large number of digital asset holders regard it as an asset with the same status as real estate and are willing to hold and store it for a long time. At present, many digital asset players hope to hold digital assets for a long time, but due to their own capital turnover needs, the value of digital assets has not been widely recognized by traditional financial institutions, and they cannot obtain funds through other…
-
New asset class: NFT fusion assets created by META X CITY take off
Fusion NFTs more profound than other alternative asset classes is the timing. The world is still gripped by volatility, uncertainty, complexity and ambiguity. A fourth wave of COVID is spreading around the world, bringing with it more economic disruption. Energy prices are spiraling and clogged up shipping is leading to an acute shortage of goods, all while companies report increasing rates of resignation and nobody to fill the subsequent vacancies. Interest rates are still at rock bottom despite galloping inflation. This dynamic repeats itself over and over again, from basketball…
-
Alaya：High-quality data is the future of AI
As the field of artificial intelligence continues to evolve, security and stability have improved, and so have the requirements for data quality. If the former algorithm model using the general data set is the rough food, then now the algorithm model needs to be customized nutritional meal. If companies want to further improve the ability to implement the model, they must gradually move away from the original common data set and Internet data, and actively engage in customized data collection to create a core data barrier. At present, the world-wide…
-
Story from Markets Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021
Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 19.Source: TradingView Bitcoin’s price was on an uptrend Friday, a marked reversal from the past several…
-
This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018. The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take…
-
Hedge fund plans $ 500 million investment Bitcoin mega-coup
Advertisment The $ 200 billion Guggenheim Partners fund plans to invest a significant amount of money in Bitcoin (BTC). Bitcoin has arrived on Wall Street. It’s the year of big bitcoin news. After Microstrategy, Stan Druckermiller and Paul Tudor Jones, Guggenheim Partners is the next big thing on Wall Street to jump into the crypto market. According to an SEC document filed by the $ 200 billion fund last Friday, November 27, Guggenheim plans to invest a significant amount of money in BTC. The capital for this comes from Guggenheim’s…
-
Lynk Announces Launch on Arbitrum to Bolster its Decentralized Network
Lynk, the SocialFi platform leveraging the power of its community and users to accelerate the development of the Web3 economy, has been making waves in the space with its latest announcement on its launch and development on Arbitrum. With a vision to create the largest user-owned community of brilliant minds building the next iteration of the Internet, Lynk seeks to provide a platform that empowers and supports everyone – developers, entrepreneurs, and users within the space with the tools and resources they need to succeed in a Web3 world….
-
The First NFT issued by the Li-Ning “Way of Wade” Designer , Achieved Final Transaction Price of USD$174,458 ,Drives New Trends of Sports NFT
Designer of the Li-Ning “Way of Wade” created NFT (Wizard Shop in ESSENCE), Had an Auction on Poly International Auction with the Final Transaction Price of RMB 1,127,000(USD$174,458) at Sep 26. The Surrealistic NFT Work of the Magic World under the “Essence” Series, released by Designer of the Li-Ning “Way of Wade” Big Joe, has successfully completed the NFT debut at Poly Auction and achieved great success, drives new trend of sports NFT. It is worth mentioning that the NFT work titled Wizard Shop in ESSENCE displayed at the Poly auction…
-
Aptos Foundation’s Ecosystem Grant Program Reveals Final List, Punk Ninja Becomes the First Japanese Game Project to Be Selected
Aptos Foundation’s Ecosystem Grant Program is designed to offer teams, individuals, and creators all around the world non-dilutive funding to further accelerate the growth of the Aptos ecosystem. Today, Aptos Foundation’s Grant Program announces the first batch of finalists. Punk Ninja became the first Japanese gaming project to receive support from the official Aptos Grant program. As an all-category Web3 casual gaming platform under SakuraVerse, Punk Ninja will help accelerate Aptos’ ecosystem development in Japan and East Asia, assisting in SakuraVerse’s vision to accelerate the world’s transition to Metaverse. Aptos’…
-
Breaking the Traditional IPO Shackles: GMC’s Digital Upgrade Solves the Financing Difficulties of the Real Economy
Introduction In the past few years, the rise of encrypted assets and blockchain technology has triggered a significant transformation in the global financial system. These emerging technologies not only pose challenges to the traditional financial industry but also provide innovative solutions to long-standing problems. This article will focus on GMC, the first encrypted asset anchored to real economic forest resources, and explore how it solves the financing difficulties of the real economy through digital upgrading. The Problem of High IPO Financing Thresholds and Long Cycle Traditionally, companies…