CyberKongz shared that it plans to contest the SEC’s enforcement. Crypto exchange Binance is facing a trademark infringement lawsuit from Mark Longo over the unauthorized use of his ”Peanut the Squirrel” mascot for the PNUT meme coin. Additionally, Coinbase is battling in a $1 billion lawsuit that was filed by BiT Global Digital. The exchange is accused of anticompetitive behavior for delisting Wrapped Bitcoin (wBTC) to favor its own Coinbase BTC (cbBTC). SEC Targets CyberKongz The Web3 gaming and NFT industry may face a major setback after CyberKongz, a well known NFT platform, received a Wells notice from the United States Securities and Exchange Commission (SEC). In a Dec. 16 post on X, CyberKongz shared that the SEC’s rhetoric surrounding the issuance of ERC-20 tokens in connection with blockchain games without registration as securities could have far-reaching consequences for the gaming sector. The platform plans to contest the SEC's stance. A Wells notice is a formal notification from the SEC indicating that it is considering enforcement action after an investigation. CyberKongz has been given 30 days to respond to the notice. The SEC’s concerns seem to relate to the “sale” of Genesis Kongz NFTs in April of 2021. However, CyberKongz clarified that this event was a contract migration and not a primary sale. The NFT platform also pointed out that it has primarily been bootstrapped, with no capital raises and only a modest treasury, while enduring this scrutiny for more than two years. CyberKongz suggested that the SEC’s move is very likely a last-minute attempt by the Biden administration to slow down the growth of the Web3 industry. The team is hopeful for a change under a future administration but pledged to continue fighting for NFT projects across all chains. The platform even received support from Axie Infinity co-founder Jihoz Zirlin , who is optimistic that the “persecution” of Web3 innovators will come to an end. CyberKongz floor price (Source: CoinGecko ) Despite the Wells notice, the CyberKongz NFT market remained resilient. CoinGecko data reveals that the floor price of CyberKongz NFTs actually rose by 19+% in the past 24 hours to reach an average of 8.59 ETH, which is approximately $26,900. This incident is the second high-profile Wells notice served to an NFT and gaming firm in recent months after the SEC’s notice to Australian-based Immutable on Nov. 1. Binance Faces Trademark Clash Over PNUT Meme Coin Crypto exchanges are also facing some legal troubles, but not necessarily from the SEC. Mark Longo, the creator of Peanut the Squirrel, issued a cease-and-desist letter to crypto exchange Binance, accusing it of trademark infringement over its promotion of the PNUT-themed meme coin. Longo claims that Binance used his “Peanut the Squirrel” trademark and mascot likeness without his permission to market the PNUT cryptocurrency. He says this infringes on intellectual property he used for educational and animal welfare purposes since 2017. The letter demands Binance immediately stop using the PNUT name and mascot, and also warned of potential legal penalties of up to $150,000 per infringement under the United States Copyright Act. Longo’s legal team shared that Binance’s use of the terms “PEANUT THE SQUIRREL” and “PNUT,” along with a copyrighted image of the squirrel mascot, creates consumer confusion by implying a connection or endorsement Longo never actually authorized. The complaint argues that Binance’s actions are an unlawful reproduction and display of protected intellectual property. Legal experts believe his case could set an important precedent for intellectual property rights in the meme coin market, where viral branding and decentralized assets often blur legal boundaries. The cease-and-desist letter was issued after the rising popularity of PNUT-themed meme coins, which gained a lot of traction after a viral event in October . The surge of Peanut-branded tokens led to two related meme coins ranking in Dexscreener’s top 10 tokens by trading volume. The PNUT token itself reached a market capitalization of $2.25 billion on Nov. 14. This rapid rise drew the attention from major exchanges, including Coinbase and Kraken, which are reportedly considering listing PNUT. PNUT market cap over the past year (Source: CoinMarketCap ) Longo gave Binance until Dec. 31 to comply with his demands and confirm in writing that all infringing activities will stop. Should Binance fail to meet these requirements, Longo may pursue legal action in a U.S. court. The outcome of this dispute could also have serious broader implications for intellectual property enforcement in the crypto and meme coin sectors. Coinbase Faces $1 Billion Lawsuit Coinbase is facing a $1 billion lawsuit that was filed by BiT Global Digital. The lawsuit accuses the crypto exchange of anticompetitive behavior over its decision to delist Wrapped Bitcoin (wBTC) in November. BiT Global alleges that Coinbase delisted wBTC to promote its own competing Bitcoin-based token, Coinbase BTC (cbBTC), and claims the move constitutes monopolization of the wrapped Bitcoin market under the Sherman Act. The lawsuit was filed on Nov. 19 in the United States District Court for the Northern District of California by law firm Kneupper & Covey, and it accuses Coinbase of predatory practices, including issuing false statements about wBTC’s compliance to undermine its market position. BiT Global is convinced that the delisting was strategically aimed at steering market dominance toward cbBTC. Coinbase’s chief legal officer, Paul Grewal, responded to the accusations and defended the company’s listing and delisting practices. Grewal explained that Coinbase is very committed to maintaining very high listing standards and stated that assets that do not meet those standards will be delisted. Others meeting its market requirements would be added. However, Grewal’s defense drew some backlash from the crypto community, including Tron founder Justin Sun. Sun questioned Coinbase’s transparency by pointing to previous comments that were made by Coinbase CEO Brian Armstrong, where Armstrong claimed the exchange is “asset agnostic” and committed to offering consumer choice in the crypto economy. The delisting of wBTC has sparked a lot of controversy overall, particularly as it happened soon after Coinbase’s announcement of cbBTC, which is positioned to boost Bitcoin-native decentralized finance (BTCFi). Wrapped Bitcoin (wBTC) is a tokenized version of Bitcoin that runs on the Ethereum blockchain. Each wBTC is pegged 1:1 to Bitcoin, which means that its value mirrors that of BTC. It allows Bitcoin holders to participate in Ethereum-based decentralized finance (DeFi) applications, like lending, borrowing, and trading, without needing to sell their Bitcoin. This is achieved by ”wrapping” Bitcoin into an ERC-20 token, which makes it compatible with Ethereum's ecosystem. Critics argue that Coinbase’s actions completely contradict its earlier statements and are a conflict of interest. BiT Global’s complaint also pointed out that while wBTC was delisted, Coinbase still continued onboarding meme coins. This raised some serious questions about its consistency when it comes to actually enforcing listing standards.
The surge in meme coin trading is gradually shifting how these assets are perceived. Meme coins can blend cultural context with financial gain alongside social commentary. Meme Coin Popularity is on the Rise Meme coins, cryptocurrencies inspired by humor and internet culture have captured the crypto world’s attention like never before. Unlike traditional cryptocurrencies designed
Amid its historic price action, Bitcoin (BTC) has quietly hit a new all-time high (ATH) against gold. The insight was highlighted by veteran trader Peter Brandt in an X post. Bitcoin Hits New ATH Against Gold: Room For Further Growth? Brandt’s analysis revealed that the BTC-to-gold ratio has reached a new ATH of 32.19 ounces of gold per BTC. In his post, the seasoned trader also took a subtle dig at long-time gold advocate Peter Schiff, a vocal Bitcoin critic. Related Reading: Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns – Details Here For those unfamiliar, the BTC-to-gold ratio measures Bitcoin’s performance relative to gold, showing how many ounces of gold are needed to purchase one whole BTC. This metric underscores Bitcoin’s growing dominance as a store of value. Brandt further noted that the next target for Bitcoin is 89 ounces of gold per BTC, suggesting significant room for Bitcoin to grow against the precious metal. This aligns with the broader narrative within the crypto industry that Bitcoin is poised to challenge gold’s $15 trillion market cap. It’s worth recalling that Brandt previously predicted Bitcoin would rise 400% relative to gold by 2025. Back in October, he projected that BTC could reach the equivalent of 123 ounces of gold based on historical market patterns. A recent report by trading firm Bernstein added weight to this narrative, forecasting that Bitcoin is on track to replace gold as the preferred safe-haven asset within the next 10 years. As of now, BTC boasts a market cap of $2.11 trillion, steadily closing in on gold’s dominance. Similar forecast was made by one of the earliest Bitcoin advocates, Eric Voorhees. The CEO of ShapeShift crypto exchange made a bold prediction, saying that unlike gold or oil, BTC’s digitally-programmed supply scarcity will drive its price upwards. Additionally, Nate Geraci, President of the ETF Store, predicts that Bitcoin-based exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management within the next two years. Supporting this outlook, data from SoSoValue indicates that cumulative net inflows into all spot BTC ETFs currently stand at $35.6 billion, compared to gold ETFs, which sit at $55 billion. Implications Of A Potential BTC Strategic Reserve With BTC surpassing the pivotal $100,000 price level, speculation has grown regarding President-elect Donald Trump’s approach to digital assets. Industry experts believe that Trump may prioritize Bitcoin adoption early in his second term, further boosting BTC’s price. Related Reading: BlackRock Declares Bitcoin The New ‘Gold Alternative’ – Here’s Why Data supports this optimistic view. According to crypto analyst Ali Martinez, the number of BTC whales – wallet addresses holding more than 1,000 BTC – has skyrocketed since Trump’s election victory. This optimism is further fuelled by speculation surrounding a potential US strategic Bitcoin reserve. Prominent financiers argue that if the US were to create such a reserve, China and other nations would likely follow suit to remain competitive. At press time, BTC trades at $106,909, up 3.7% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
The decentralized finance landscape is witnessing notable developments as Ethena Labs and Ripple make significant strides in expanding their ecosystems. Ethena Labs’ launch of its BlackRock-backed USDtb stablecoin has garnered $65.4 million in total value locked within its first day, while renewed interest in XRP and anticipation for Ripple’s upcoming RLUSD stablecoin have driven a 250% surge in user activity for Xaman, a leading self-custodial wallet in the XRP Ledger ecosystem. Ethena Labs’ USDtb Stablecoin Launch Sees $65.4 Million Locked in First Day Ethena Labs officially launched its BlackRock-backed stablecoin, USDtb, on Dec. 16, 2024, amassing an impressive $65.4 million in total value locked (TVL) within its first 24 hours. USDtb is positioned as a cash or cash-equivalent backed stablecoin with a 1:1 reserve ratio, offering holders both stability and liquidity similar to established competitors like Tether (USDT) and USD Coin (USDC). Ethena Labs introduced USDtb as a strategic tool to help users of its flagship synthetic dollar product, USDe, navigate bearish markets. The firm noted in its Dec. 16 announcement that USDtb would allow Ethena to ”close hedging positions underlying USDe” and reallocate the backing assets to USDtb. This move is expected to further reduce risks associated with USDe during challenging market environments. USDtb’s underlying assets are primarily allocated to BlackRock’s USD Institutional Digital Liquidity Fund, in partnership with blockchain tokenization leader Securitize. BlackRock’s involvement signifies growing institutional adoption of tokenized assets within the DeFi ecosystem. USDtb’s launch has already received praise from influential voices in the blockchain space. José Maria Macedo, co-founder of Delphi Labs, predicted USDtb will become the largest tokenized treasury product within a month. Meanwhile, Seraphim Czecker, Ethena’s head of growth, emphasized the product’s scalability potential, suggesting USDtb could grow to $100 billion. According to Czecker, Ethena’s ability to allocate capital efficiently, even in bearish conditions, enables the stablecoin to offer yield stability through an ”APY floor” aligned with US Treasury Bill rates. USDtb's reserves are composed of 90% US Treasury Bill-backed funds and 10% liquid stablecoins like USDC. The latter ensures USDtb maintains sufficient liquidity during weekends and other periods when Treasury markets are inactive. Ethena Labs' meticulous approach to security has further bolstered confidence in the new stablecoin. The core smart contracts underwent three separate audits by leading security firms — Pashov, Quantstamp, and Cyfrin — in October, with no high or medium-level vulnerabilities reported. USDtb’s approval by Ethena’s Risk Committee in September paved the way for its official rollout, with final adjustments completed earlier this month. Ethena’s Growing Dominance in the Stablecoin Market USDtb’s launch comes on the heels of Ethena Labs’ success with USDe, which recently overtook MakerDAO’s Dai (DAI) to become the third-largest stablecoin in the market. However, while USDe boasts a market capitalization of $5.87 billion, it still lags behind the dominant forces of USDT and USDC, which hold market caps of $140.6 billion and $42.1 billion, respectively, according to DefiLlama data . The stablecoin sector has demonstrated remarkable resilience and growth. The total stablecoin market capitalization surpassed $200 billion this year, and leading crypto asset manager Bitwise predicts it will double to $400 billion by 2025. Bitwise’s forecast hinges on the anticipated approval of US stablecoin legislation, which could provide a clear regulatory framework and further institutional adoption. The launch of USDtb is part of the growing intersection between traditional finance (TradFi) and DeFi. BlackRock’s significant involvement through its Institutional Digital Liquidity Fund exemplifies how major financial players are increasingly participating in the tokenization of real-world assets, a trend widely regarded as a cornerstone for DeFi’s long-term growth. As Ethena Labs solidifies its position with both USDe and USDtb, the firm continues to challenge traditional stablecoin incumbents by offering innovative risk management and real-world asset backing. The immediate traction USDtb has gained also signals rising investor interest in yield-bearing stablecoins that combine institutional-grade security with DeFi-level accessibility. Overall, Ethena Labs' rollout of USDtb represents more than just another stablecoin launch. It marks a pivotal moment for stablecoin innovation, demonstrating the potential of tokenized real-world assets to enhance liquidity, risk management, and scalability in DeFi. With institutional backing from BlackRock, rigorous audits, and an ambitious growth outlook, USDtb is poised to capture significant market share in the months ahead. The success of USDtb’s launch also reflects broader trends shaping the stablecoin sector, as institutional and retail investors increasingly seek stable, liquid, and yield-generating digital assets amid evolving market dynamics. If USDtb meets its projected growth targets, it could cement Ethena Labs' status as a major player in the stablecoin landscape. XRP Surge and Ripple’s Stablecoin Launch Drive 250% User Growth for Xaman Wallet In other stablecoin news, renewed excitement surrounding XRP and the anticipated launch of Ripple’s USD stablecoin ( RLUSD ) has sparked a massive resurgence in user activity for Xaman, a self-custodial wallet designed for the XRP Ledger (XRPL) ecosystem. Weekly active users on Xaman surged by 250% since summer, with the platform now exceeding 212,000 active users, according to Robert Kiuru, Xaman’s Chief Operating Officer. Xaman’s remarkable spike in activity coincides with XRP’s recent price rally and renewed investor optimism. The number of active weekly users grew from a summer low of 60,000 to over 212,000 in December. This jump, which includes 80,000 newly signed-up users, reflects XRP’s rising volatility and its brief return to the position of the third-largest cryptocurrency by market capitalization on Dec. 2. Kiuru emphasized that XRP’s bullish movement accounted for 90% of the recent user activity, with much of the momentum also driven by growing interest in Ripple’s RLUSD stablecoin launch. Ripple’s RLUSD stablecoin is poised to further strengthen the XRPL ecosystem, potentially driving increased adoption for wallets like Xaman. RLUSD, a USD-pegged stablecoin, aims to provide users with stability in volatile markets while further expanding Ripple’s role in the digital asset economy. Industry experts, such as Axelar co-founder Sergey Gorbunov, have suggested that RLUSD could significantly boost demand for XRP as the stablecoin integrates into XRPL-based projects, bringing liquidity and utility to the broader ecosystem. Rebranded from Xumm in May 2023, Xaman remains a core player within the XRPL ecosystem. Initially funded by Ripple’s investment arm Xpring (now Ripplex), Xaman was created by prominent Ripple developer Wietse Wind, known for building XRP-focused applications such as XRParrot and XRPTipBot. Ripple’s backing of XRPL Labs in 2019 and 2020 established Xaman as one of the first projects to receive direct support from Ripple. Kiuru highlighted Xaman’s strategic importance, noting that “almost every XRPL project integrates with Xaman via ‘Sign in with Xumm,’ offering secure, seamless transactions.” The wallet has emerged as a gateway for users to interact with XRPL projects, bridging the gap between developers and end-users. While XRPL itself doesn’t natively support smart contracts, Xaman has extended its capabilities through the Xahau Network. Xahau, a blockchain forked from XRPL, enables smart contracts using Hooks — a lightweight functionality designed for developers. “Smart contracts on Xahau use Hooks, developed by XRPL Labs,” Kiuru explained. The integration of Hooks allows Xaman users to access smart contract functionalities, enhancing the wallet’s utility for developers and end-users seeking advanced on-chain features. Xaman also facilitates on- and off-ramps for fiat through integrated platforms like Uphold’s Topper, providing users with greater flexibility when moving assets between XRPL and traditional finance. Xaman’s Evolution and Ripple’s Continued Support Xaman’s journey signals the maturation of the XRPL ecosystem, from Ripple’s early investments to its current role as a self-custodial wallet driving user engagement. Ripple’s strategic backing of XRPL Labs in 2019-2020 marked a key milestone, helping establish Xaman as a trusted platform for XRP holders and developers. Ripple’s vision of building a robust ecosystem around the XRPL is now materializing with initiatives like RLUSD and platforms like Xaman. These efforts aim to combine decentralized finance (DeFi) capabilities with enterprise-grade solutions, positioning the XRPL as a competitive force in the blockchain industry. The broader XRP market rally has also contributed to growing optimism within the XRPL community. XRP’s recent price movements have reignited investor confidence, further amplified by Ripple’s legal victories and ongoing developments. The upcoming launch of RLUSD is expected to enhance liquidity and utility within the XRPL ecosystem, benefiting wallets like Xaman that play a pivotal role in user adoption.
Recent data from CoinGecko indicates a significant surge in trading activity on South Korea’s prominent exchange, Upbit, reaching $7.642 billion in a span of 24 hours, reflecting a remarkable increase
The post Mt.Gox Bitcoin Payout: Exchange Moves $152M Ahead of Major Repayments appeared first on Coinpedia Fintech News As defunct cryptocurrency exchange, Mt.Gox prepares to wind down its restructuring process in the coming months, on-chain data shows a notable increase in Bitcoin (BTC) transfers. Furthermore, Mt.Gox has until October 2025 to finalize repayment to distressed creditors, after a lengthy period of around a decade. Mt.Gox’s Recent Bitcoin Transfers According to on-chain data analysis by Arkham Intelligence, Mt Gox transferred 191.678 BTC, worth about $20.42 million, to a new address bc1q6h…gf9zaa earlier today. Additionally, the defunct crypto exchange transferred 1,428 BTC, worth about $152 million, to another new address13JrY5…MVZJCX. Consequently, Mt Gox now holds 36,085 BTC, worth about $3.84 billion, which will be distributed to creditors through different cryptocurrency exchanges. In the past few weeks, Bitcoin addresses associated with Mt.Gox have made several transactions Impact on BTC Market The closure of the Mt.Gox saga is a major milestone for the Bitcoin industry amid the mainstream adoption of digital assets and web3 products. The distribution of Mt.Gox Bitcoin has in the past been viewed as a short-term bearish sentiment. Furthermore, most of the My. Gox creditors were retail traders, who would need to purchase altcoins to compensate for the lost time in the past decade. The altcoin industry has a higher volatility and, thus a higher risk-to-return ratio, compared to Bitcoin, which is gradually being affected by diminishing returns. Bitcoin price rallied over 2 percent in the past 24 hours to trade at about $106,591 on Tuesday, December 17, during the early European session. Consequently, Bitcoin’s market cap surged to over $2.11 trillion as Satoshi’s BTC holding surpassed the combined estimated wealth of Bill Gates.
SINGAPORE , Dec. 17, 2024 /PRNewswire/ — As Bitcoin surpassed the $100,000 mark on December 5, 2024 , this landmark year for the crypto industry is closing on a high note. It has also been a fruitful year for HTX Ventures, the global investment division of HTX, which supported a total of 28 leading crypto projects and funds, continually exploring new frontiers of crypto utility. Recently, HTX Ventures released its 2024 Year In Review , highlighting this year’s key developments in the crypto industry and forecasting market trends for the upcoming year. Within this report, HTX Ventures highlighted five key sectors that showed encouraging progress in 2024 – the Bitcoin Ecosystem, Infrastructure, Meme Coins, AI, and the TON Ecosystem – and will continue to closely monitor these areas in 2025. Bitcoin Ecosystem With Bitcoin dominance reaching 56.81% and Bitcoin spot ETFs now accounting for 5.3% of the total Bitcoin supply, a new market trend has emerged. Bitcoin has solidified its position as the core asset, with spot ETFs acting as liquidity channels, and U.S. listed companies such as MicroStrategy (MSTR) serving as the vehicles to absorb unlimited dollar liquidity. As a result, it is increasingly essential to further develop Bitcoin’s ecosystem and enhance capital utilization efficiency. It has driven infrastructure projects, including Layer 2s, execution layers, interoperability solutions and security layers, to continuously emerge. With strong support from macro markets and infrastructure support, HTX Ventures anticipates a further surge in Bitcoin demand over the next two years. Infrastructure Infrastructure remained a cornerstone in this year’s crypto investments and funding. The synergy between capital and technology has driven the rapid development of Layer 1, Layer 2, and middleware projects, among others. Through ongoing upgrades and construction, the Ethereum ecosystem has improved Layer 2s’ performance and reduced network fees. Other Layer 1s, such as Solana and TRON, achieved active on-chain transactions, attributable to the development of meme coins, and infrastructure like Pump.fun and Sunpump. Layer 0 and cross-chain middleware have made breakthroughs in interoperability, expanding the multi-chain landscape. Modular public blockchains, like Celestia and Monad, offered exceptional performance and flexibility, thus attracting diverse applications. Restaking projects, which aim to enhance network security and capital efficiency, has seen speedy development and gained market attention. Bitcoin Layer 2 has emerged as a new focus in the primary market for its attempt to combine Bitcoin’s security with high-performance scaling solutions. As HTX Ventures stated, infrastructure is still imperative in this year’s crypto investments and funding. Layer 1 solutions, in particular, now represent the focal point of technical development and exploration within the crypto space, and it is expected to remain a priority for development resources and capital investment in the future. Meme Coins The Meme coin sector emerged as a hotspot in the crypto market in 2024, fostering community consensus while integrating with fields like DeFi and GameFi to create new use cases. For example, Solana has actively championed the innovation and growth of meme projects, successfully energizing its ecosystem. As the crypto market environment grows increasingly favorable, more retail investors are expected to enter the market, positioning Meme projects as vital channels for capital inflows. The Meme coin fair launch sector has gained significant market attention and attracted substantial participants this year. Infrastructure projects such as Pump.fun and SunPump have emerged as top-performing cash flow generators, injecting fresh momentum into Meme coin development. As multi-chain ecosystems mature and real-world use cases expand, Meme coin infrastructure will continue injecting more vitality into this sector. AI In 2024, the intersection of Crypto and AI sector has been driving the exploration of several segmented fields such as ZK/OPML for enabling AI on-chain, AI data crowdsourcing, decentralized computing power rental, AI data trading, AI games, and AI agents. One of the hottest segmented fields is AI agents, which are put on chains to take advantage of the token mechanism to incentivise and bootstrap certain behaviors with the agents, including interacting with smart contracts, trading and querying on behalf of users. In the future, AI agents will gradually become personal butlers and assistants for users, serving them with comprehensive capabilities, such as independent asset issuance, initiation of viral marketing campaigns, formation of DAOs, and even fund management and investment decision-making. Over time, they may develop unique cultures and religions. This deep integration of AI and encryption technology is a groundbreaking evolution that is unattainable within Web2 and cannot be achieved by Web3 relying solely on encryption technology. TON Ecosystem Attributable to Telegram’s hundreds of millions of users and robust technical support, the TON (The Open Network) ecosystem has progressively developed into a multi-layered blockchain ecosystem. In 2024, it experienced a full-scale boom in its ecosystem and market presence. From DeFi and meme coins to NFTs and gaming, TON leveraged its massive user base to achieve significant milestones in various fields, pioneering the monetization of Web2 social applications through crypto. One standout success was the adoption of “tap-to-earn” games with token airdrop incentives, which effectively onboarded a large number of Web2 users. However, as the TON ecosystem moves into 2025, it must explore and find new business models to improve user retention and identify its next growth curve. 2025 Outlook Donald Trump’s expected repeal of SAB 121 after his inauguration on January 20, 2025 , would allow traditional financial institutions to hold crypto assets on their balance sheets, further accelerating the institutionalization of crypto assets. The repeal will not only open up more financing options for crypto but also make spot cryptos more accessible through existing institutional exchanges and partnerships. At the same time, this regulatory easing is poised to enhance the overall maturity of the institutional crypto market. With the entry of traditional financial institutions, Bitcoin is anticipated to gain stronger support and gradually establish itself as a core dollar-denominated asset, alongside others tied to the dollar industry cycles, such as AI. HTX Ventures points out that the market is still far from its bull market peak. Against the backdrop of Trump’s fiscal expansion policies and unprecedented crypto-friendly signals, a robust bull market is expected. To learn more, please visit: https://square.htx.com/htx-ventures-2024-year-in-review/ About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (“FOF”) investors, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here. Feel free to contact us for investment and collaboration at VC@htx-inc.com Contact Details Ruder Finn Asia htx@ruderfinn.com
According to recent research published by Santiment on December 17, the landscape of Ethereum ownership is shifting. Currently, there are 104 whale addresses that each hold a minimum of 100,000
The ICP network is the go-to destination for decentralized applications, yet its journey has encountered
Recent data indicates a significant surge in Ethereum activity, hinting at potential future growth and market shifts. The rise in Ethereum whale holdings, now accounting for 57% of total Ether