Donald Trump’s crypto-friendly America is stealing Europe’s thunder, and it’s not even subtle. While the European Union spent years crafting its shiny new Markets in Crypto-Assets Regulation ( MiCA ), Trump came in swinging with promises to make the U.S. “the crypto capital of the planet.” The result? Crypto giants like Binance are dumping Europe and packing their bags for the States. Bitcoin’s insane rally to $108,000 this year—double what it was last year—is no coincidence. Trump’s win and his plans to overhaul U.S. crypto regulations have pumped confidence back into the market. Retail and institutional investors are betting on a White House that actually wants crypto to thrive. MiCA , meanwhile, looks like an over-engineered relic that no one has time for. MiCA faces trouble as costs pile up MiCA is supposed to clean up the crypto mess left by disasters like FTX, Genesis, and Celsius. It forces companies offering services like trading and custody to get authorized in the EU. But it comes with a fat price tag. Even Tether, the world’s biggest stablecoin, won’t comply with MiCA and is getting kicked off regulated EU exchanges. Some companies, like Coinbase and Circle, have managed to secure their licenses, though it’s clear the EU is bleeding talent. Meanwhile, Trump is rolling out the red carpet. He’s appointing pro-crypto folks like Paul Atkins as SEC chair and David Sacks as a White House crypto czar. “We’re going to do something great with crypto,” Trump said recently. Companies that fled U.S. regulations under Biden are now scrambling to come back. Binance US’s interim CEO, Norman Reed, even teased a return of dollar services in 2025, saying, “It is not a matter of if, but when.” Trump’s big crypto plans crush EU hopes Trump’s administration also wants to set up a national Bitcoin reserve, pouring $21 billion annually into the plan over five years. This would make the U.S. a global leader in Bitcoin holdings, leaving Europe to play catch-up. The Bitcoin Policy Institute has been screaming about this for years, and now it looks like Trump is the first to actually listen. Access to banking is also on Trump’s to-do list. His administration plans to order banks to provide services to crypto companies, reversing the hostile stance seen under Biden. This means no more shutting out crypto firms just because they’re crypto. Industry insiders are betting this will bring a flood of new investments into the U.S. market. While Europe fiddles with MiCA, Trump’s team is drafting new principles for agencies like the SEC and the Commodity Futures Trading Commission (CFTC). The goal is to create a system that actually works for businesses, unlike the restrictive measures slapped down during Biden’s term. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
A prominent Ethereum whale, who received 20,000 ETH ($6.2 million) in the Genesis block in July 2015, has been making significant transactions in recent hours. The whale deposited 4,160 ETH ($14.5 million) to Kraken just three hours ago, sparking speculation about their intentions. Ethereum staking saw consistent growth this year, with over 54 million ETH staked. We also saw the explosive growth of ETH restaking, which currently accounts for nearly 10% of staked ETH pic.twitter.com/NWUEdl9ZMV — IntoTheBlock (@intotheblock) December 26, 2024 Notably, this whale has a history of staking their ETH to earn rewards and periodically offloading portions at peak prices. Currently, they still hold approximately 7,043 ETH ($24.6 million) in staked ETH. An #Ethereum ICO whale deposited 4,160 $ETH ($14.5M) to #Kraken 3 hours ago. Notably, the whale received 20K $ETH (then $6.2K) at the Genesis block in July 2015, staking it to earn rewards and frequently offloading at peaks. . The whale still has around 7,043 $ETH ($24.6M)… pic.twitter.com/P51MGHf52Y — Spot On Chain (@spotonchain) December 25, 2024 Major Ethereum Swaps To Pay Attention To In a separate development, James Fickel, another prominent player, exchanged 3,500 ETH ($12.1 million) for 122.67 WBTC just six hours ago. This marks the second major transaction by Fickel in the past two days, with a total of 10,000 ETH ($34.6 million) swapped for 358.3 WBTC. This move is believed to be an effort to reduce his debt on Aave, which currently stands at 452.6 WBTC ($45 million). James Fickel ( @jamesfickel ) exchanged another 3,500 $ETH ($12.1M) for 122.67 $WBTC ~6 hours ago! Overall, he has swapped 10,000 $ETH ($34.6M) for 358.3 $WBTC at an ETH/BTC rate of 0.0358 over the past 2 days, possibly to reduce his debt on #Aave to 452.6 $WBTC ($45M). Follow… https://t.co/NySSNLo3cC pic.twitter.com/nJoTTbrM86 — Spot On Chain (@spotonchain) December 26, 2024 These massive transactions underscore the ongoing activity in the Ethereum ecosystem, with staking and restaking continuing to gain traction. With over 54 million ETH staked and ETH restaking accounting for nearly 10% of staked ETH, the network’s growth shows no signs of slowing. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fellowneko/ 123RF // Image Effects by Colorcinch
Aethir and Injective’s partnership makes high-performance GPU resources more accessible, fueling innovation in AI and blockchain. Aethir ( ATH ), a leader in high-performance computing infrastructure, and Injective ( INJ ), a prominent decentralized exchange platform, have teamed up to launch the world’s first tokenized GPU marketplace. HPC refers to the use of powerful computer systems and networks to process massive amounts of data rapidly, often required for complex tasks like scientific simulations and artificial intelligence development. Aethir x Injective: GPU Compute, Tokenized. We’re teaming up with @injective to launch the first-ever tokenized GPU marketplace, unlocking a whole new way to access and trade high-performance compute. Here’s what’s coming: 🔹 Fractional GPU Power: No need for bulky hardware,… pic.twitter.com/w0n9RdMPWm — Aethir (@AethirCloud) December 26, 2024 This groundbreaking partnership aims to make GPU computing, a crucial tool for AI research, blockchain applications, and other high-performance tasks, more accessible. Through this collaboration, developers, researchers, and GPU resource providers can engage in a new type of interaction via a tokenized marketplace. Through the use of INJ’s state-of-the-art blockchain technology and ATH’s sophisticated GPU processing capabilities, this marketplace offers automated transactions via smart contract integration, fractional ownership, and real-time resource trading. The platform eliminates the need for expensive hardware investments, allowing users to access high-performance computing resources on a pay-as-you-go basis. Additionally, users can buy, sell, or lease tokenized GPU power and integrate it into various on-chain applications, such as perpetual markets and decentralized lending protocols. This innovative model is expected to drive progress in both the blockchain and AI sectors, providing worldwide access to top-tier computing resources. The launch of this tokenized GPU marketplace will significantly impact not only the AI and blockchain ecosystems but also the broader GPU market. NVIDIA , a leader in GPU technology, continues to push advancements in data centers, gaming, and AI. NVIDIA’s GPUs have been integral to the AI revolution, and initiatives like Aethir and Injective’s marketplace could further boost demand for decentralized GPU computing. You might also like: Decentralized GPU startup Aethir reveals $36m in annual recurring revenue The collaboration between Aethir and Injective has not led to a notable interest in their respective tokens at the time of writing. ATH currently has a market cap of $382.83 million and a 24-hour trading volume of $47.46 million, with the token trading at approximately $0.06724. INJ is valued at around $2.1 billion with a 24-hour trading volume of over $114.75 million, and each INJ token is priced at $21.12. While these trading figures reflect the current state of the market, the full impact of the partnership may become more apparent in the coming days as market dynamics evolve. The tokenized GPU marketplace represents more than just a technical advancement; it’s a game-changer in resource accessibility. While GPU providers can now monetize their idle resources in a global market, developers and researchers can access computing power at a fraction of the cost. This model enhances liquidity, optimizes resource utilization, and accelerates AI development. However, as with any new technology, users are advised to exercise caution when engaging in tokenized transactions. To avoid scams and misinformation, it’s essential to rely on official announcements from the project and trusted sources for updates. You might also like: VanEck-backed stablecoin AUSD debuts on Injective blockchain
Aethir and Injective’s partnership makes high-performance GPU resources more accessible, fueling innovation in AI and blockchain. Aethir (ATH), a leader in high-performance computing infrastructure, and Injective (INJ), a prominent decentralized exchange platform, have teamed up to launch the world’s first…
Binance’s recent announcement concerning its 8th Alpha Project has generated significant market momentum, evidenced by the sharp increases in the prices of HAPPY and FWOG. According to data from GMGN,
Bitcoin’s price surged to nearly $100,000 on Christmas Day, fueling speculation of a potential rally to $110,000. However, renowned analysts are sounding the alarm, predicting a drastic correction to $60,000. #Bitcoin $BTC will CRASH to $60,000!!! At least, that's what some of the most renowned analysts are saying. Let's dive in — Ali (@ali_charts) December 26, 2024 Tone Vays believes that trading below $95,000 is a ominous sign, increasing the likelihood of a downturn to $73,000. Peter Brandt echoes this sentiment, warning of a potential breakdown below $70,000. Meanwhile, Fundstrat’s optimistic forecast of $250,000 by 2025 is tempered by Mark Newton’s prediction of a near-term drop to $60,000. Is Bitcoin Gearing For A Major Dip? On-chain analysis suggests that a correction to $70,000 is plausible, with a significant support zone breached at $97,300. Savvy investors appear to be bracing for impact, with over 33,000 bitcoins worth $3.23 billion flowing into exchanges in the past week. Profit-taking is also on the rise, with $7.17 billion in bitcoin profits realized on December 23 alone. Bitcoin has jumped to as high as $99.8K on a bullish Christmas crypto performance. Traders are now swinging bullish once again, with speculation of $110K getting rampant. Historically, we will see $110K Bitcoin only after the crowd doesn't expect it, as this image shows. pic.twitter.com/j4w3VQ4Zio — Santiment (@santimentfeed) December 26, 2024 For the bullish outlook to prevail, bitcoin must reclaim its critical support zone and sustain a daily close above $100,000. If achieved, this could pave the way for a new leg up to $168,500. However, the bears are circling, and a failure to reclaim this level could spell disaster for the cryptocurrency. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak/ 123RF // Image Effects by Colorcinch
Strive Asset Management, led by billionaire entrepreneur Vivek Ramaswamy, has filed a request with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on Bitcoin-linked convertible bonds. The proposed Strive Bitcoin Bond ETF is designed to offer exposure to bonds issued by corporations that use the proceeds to purchase Bitcoin as part of their treasury strategies. The Bitcoin Bond ETF In a December 27 post on X, the firm stated, “Strive’s first of many planned Bitcoin solutions will democratize access to Bitcoin bonds, which are bonds issued by corporations to purchase Bitcoin.” The announcement further noted that these bonds offer attractive risk-return characteristics associated with Bitcoin but are currently out of reach for most investors. The ETF aims to bridge this gap by providing everyday Americans and institutional investors with easier access to BTC-related financial instruments. According to the filing submitted on December 26, the proposed ETF will invest in securities from companies like MicroStrategy, which has become a prominent player in corporate Bitcoin adoption. Since 2020, under the leadership of Executive Chairman Michael Saylor, MicroStrategy has invested approximately $27 billion in the coin. These purchases were financed through equity offerings and convertible bonds, which typically carry low or no interest but can be converted into shares under specified conditions. The Strive Bitcoin Bond ETF will be actively managed and will achieve its exposure to BTC-linked bonds either directly or through derivatives such as swaps and options. To maintain liquidity and collateral for these instruments, the fund will invest in high-quality, short-term assets like U.S. Treasuries and money market instruments. While details regarding the management fee have not been disclosed, actively managed funds often come with higher fees compared to passive alternatives. Strategic Context Since its start in 2022, Strive Asset Management has focused on addressing long-term economic risks, including the global fiat debt crisis, inflation, and geopolitical tensions. The company stated, “We strongly believe there is no better long-term investment to hedge against these risks than thoughtful exposure to Bitcoin.” The asset manager views the flagship cryptocurrency as an important part of a diversified investment portfolio, encouraging both individual and institutional investors to allocate funds directly to Bitcoin, BTC bonds, and companies focused on the cryptocurrency. Ramaswamy, who launched Strive with a focus on capitalism-driven strategies, has maintained a high-profile presence in both business and politics. Although he briefly ran against Donald Trump in the 2023 Republican presidential primary, he later endorsed the President-elect. Upon winning, Trump appointed Ramaswamy to co-lead the Department of Government Efficiency (D.O.G.E.), an initiative aimed at reducing government waste, with X owner Elon Musk. The post Vivek Ramaswamy’s Strive Asset Management Files for Bitcoin Bond ETF with SEC appeared first on CryptoPotato .
The year 2024, which began with the acceptance of spot Bitcoin ETFs in the US, ends with Donald Trump's presidential victory. Bitcoin (BTC) and cryptocurrencies are leaving behind a record-breaking year, driven by major events such as ETF approval and Trump's election victory. So What Awaits Bitcoin and Cryptocurrencies in 2025? While there are many predictions on this subject, Citi analysts recently announced their expectations for 2025. According to Business Insider, Citi analysts listed six factors that will determine the future of cryptocurrencies. Citi analysts predict strong crypto growth in 2025 driven by Trump policies, rising ETF inflows, and stablecoin innovations. “Bitcoin ETFs kicked off the sector’s rally in January. In September, a series of central bank rate cuts and other policies contributed to the rally, paving the way for a growth economy. But no development was more critical for Bitcoin and cryptocurrencies than Donald Trump’s victory, which helped push Bitcoin past the $100,000 mark for the first time, sending altcoins soaring. We expect this rise to continue in 2025.” Analysts, who explained the 6 factors that will support the rise in 2025, put ETF inflows in the first place. Citi analysts stated that they expect spot Bitcoin ETF inflows to continue strongly in 2025 and that it will be the most important driving force of the rise. Analysts said that apart from ETFs, the positive regulations of the Trump administration, the expanding stablecoin market, the macroeconomic environment, the widespread use of crypto, and the increasing portfolio allocation ratio will support the rise in BTC and crypto. Citi analysts said the macroeconomic environment is likely to support risky assets such as cryptocurrencies through the first quarter of 2025. Additionally, analysts noted that institutions will increase their allocations of Bitcoin and cryptocurrencies, adding that the increased allocation could boost the price of Bitcoin. Analysts recently said that Trump, who is preparing to take office in January 2025, will implement policies that could significantly affect the crypto market, which would be positive for prices. “Trump promised to create a strategic Bitcoin reserve and create a more crypto-friendly regulatory environment,” they said. *This is not investment advice. Continue Reading: Will the Rise in Bitcoin (BTC) and Altcoins Continue in 2025? Citi Analysts Explained!
Ethereum could handle more transactions and run faster by processing most of them simultaneously, a new study reveals. A new study shows that almost 65% of Ethereum‘s transactions could be processed at the same time, potentially making the network much…
Ethereum could handle more transactions and run faster by processing most of them simultaneously, a new study reveals. A new study shows that almost 65% of Ethereum ‘s transactions could be processed at the same time, potentially making the network much faster. In a Friday blog post , analysts at layer-1 network Sei ( SEI ) revealed that many of Ethereum’s transactions don’t depend on each other and could run simultaneously, allowing the network to handle more transactions and improve its speed. Right now, Ethereum processes transactions one after another, which is also known as sequential processing. For example, if someone sends 1 ( ETH ) to one person and then that person sends 1 ETH to someone else, these transactions need to happen one after the other. If they were processed at the same time, the second one would be wrong because your balance wouldn’t be updated yet. Yet, some transactions don’t affect each other, Sei’s study reveals. You might also like: Starknet debuts parallel transaction execution on testnet As analysts at Sei explain, if Bob sends 1 ETH to Alice and someone else sends you 1 ETH at the same time, they don’t interfere with each other. These transactions can happen in parallel, meaning they can be processed at the same time. The study found that 64.85% of Ethereum transactions are like this, meaning they could be processed in parallel, without waiting for others to finish. If this method is used, Ethereum could process many more transactions and become faster. “Each block averages 60.77 dependent transactions, indicating significant potential for parallel execution optimization.” Sei However, there are still some challenges. Some transactions still need to be processed one after the other because they rely on each other, what is also known as dependency. According to Sei’s calculations, about 35.15% of transactions on Ethereum are dependent on others. There are different ways to improve Ethereum’s speed. One idea is called “optimistic concurrency control,” a method used by the Sei protocol, which lets transactions happen at the same time, assuming they won’t cause problems. After the transactions finish, the system checks if any conflicts happened. If there’s a problem, the system can redo those transactions. This approach could help Ethereum process transactions faster while keeping things simple for developers. In the future, Ethereum could also use sharding , which splits the network into smaller pieces to help process transactions faster, Sei admits. Read more: Sharding tech makes 100x scalability and seamless interoperability a reality | Opinion