Dubai, UAE, December 20th, 2024, Chainwire On August 28, 2024, Sixteen members of the MEET48 idol group captivated audiences at WebX 2024 with their singing and dancing performances. By the end of the year, MEET48 will have performed across multiple key markets, including Hong Kong, Dubai, Japan, Singapore, and Thailand, highlighting their increasing influence in the global entertainment industry. Blending the charm of traditional idol performances with emerging Web3 technologies, MEET48 aims to redefine fan engagement through innovative digital platforms and decentralized ecosystems. Mars Protocol Beta Launch Announced for Q4 2024 On November 29, MEET48 announced the Beta testing of its Mars Protocol, a new platform within the BNB Chain ecosystem set to officially launch in Q1 2025. Mars Protocol introduces the first AI-driven idol platform, combining elements of AI-Agent technology with Meme coins. Positioned as a next-generation tool in the Web3 idol economy, it integrates text, image, music, and voice-generation technologies to enable dynamic content creation and fan engagement. Mars Protocol also supports the issuance of Meme coins by virtual idols, providing creators and fans with novel ways to interact and engage in decentralized communities. MEET48.ai and the Future of the AI Idol Ecosystem In January 2025, MEET48.ai will launch with over 250 AI idol agents, each capable of issuing Meme coins through Mars Protocol. The platform enables content creators and KOLs to design and deploy their own AI-driven idols, fostering co-creation and collaboration. MEET48.ai further expands its functionality with the AIShowBox tool, allowing users to create custom content and participate in an active DAO-driven community. With integrated text-to-image, text-to-music, and music-to-dance capabilities, the platform enhances user creativity while driving engagement through incentivized rewards. Building a Decentralized Fan Economy With the global fan economy valued in the trillions, MEET48 leverages Web3 technologies to enable decentralized participation and collaboration. Fans can support their favorite idols by purchasing and trading IDOL tokens on the platform’s decentralized exchange. Token interactions power voting competitions, content releases, and live events, reinforcing the connection between fans and virtual idols. The MEET48 ecosystem has already achieved significant milestones, including a peak of 537,000 daily active users and 702,000 unique wallets during its "2024 GIPR2" event. On July 22, 2024, MEET48 recorded a 24-hour trading volume of $2.83 million. Participation in the MVB Accelerator Program Recognizing MEET48’s strong on-chain performance and innovative approach, the platform was invited to join the 8th season of the MVB Accelerator Program on October 30, 2024. Organized by BNB Chain in collaboration with Binance Labs and CMC Labs, the program supports promising blockchain projects with strategic resources and guidance. How to Cultivate A Virtual Idol MEET48 provides users with the tools to create and develop AI-powered virtual idols on the blockchain. Through the platform’s Mars Protocol, users can design virtual idols, tokenize them, and issue Meme coins for community engagement. These AI idols can participate in entertainment, gaming, and social ecosystems, interacting with fans and generating content. Users can enhance idol visibility and popularity by actively promoting tokens, engaging in community events, and participating in DEX trading. Mars Protocol supports large-scale idol voting events, allowing fans to influence idol rankings. Revenue from these events is reinvested into the ecosystem, funding media production, music videos, live streams, and virtual concerts to further develop the idols' presence. Innovating at the Intersection of Entertainment and Web3 MEET48's team brings deep experience in idol entertainment and fan economies, having created one of the largest female idol groups globally. Supported by a $50 million investment in R&D, the team has developed advanced AI models for content creation, including text-to-music and music-to-dance generation. Future applications of MEET48’s technology include gaming products, virtual concerts, and more, further expanding the platform’s influence within the entertainment and Web3 sectors. About MEET48 MEET48 is recognized as one of the largest Web3 application project teams globally, boasting a 500-member technical and R&D team and a regional operations network covering Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve mass adoption of Web3 technology through an AI UGC content ecosystem focused on AIGC (Animation, Idol, Game, and Comics) and a graphical, intelligent metaverse social foundation tailored to Gen Z entertainment trends. Official Website: https://www.meet48.xyz/ Twitter (X): https://x.com/meet_48 Telegram: https://t.me/MEET_48 Discord: https://discord.gg/meet48 ContactMarketing DirectorSiyu YangMEET48siyu@meet48.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Cardano (ADA) has been under significant bearish pressure, declining by 8.77% over the past 24 hours and 14.45% in the past week. Currently trading at $0.9013, ADA has struggled to maintain upward momentum since reaching $1.3. The ongoing market downturn has left the Cardano community concerned, but some analysts see a potential for a strong … Continue reading "Cardano Faces Price Decline, but Analysts Predict Potential Rally" The post Cardano Faces Price Decline, but Analysts Predict Potential Rally appeared first on Cryptoknowmics-Crypto News and Media Platform .
President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury official from the first Trump White House, and current economist with Hudson Bay Capital Management, to chair the Council of Economic Advisors (CEA). The CEA's role is to advise the president on economic issues, including evaluating the effectiveness of federal policies and programs, analyzing economic trends, and crafting recommendations to foster growth and stability. Miran has long been an advocate for crypto, recently appearing on Blockworks' Forward Guidance podcast. He has previously tweeted about how crypto regulations need to be reformed in the U.S. to allow for innovation to flourish. Miran has previously criticized Fed Chair Jerome H. Powell as "wrong politically and economically" for urging Congress to pass a stimulus bill in October 2020. This appointment comes as Trump himself has pledged to make the U.S. the “crypto capital of the planet” and earlier floated the idea of a strategic bitcoin reserve. Recently, Trump announced he was appointing crypto advocate Paul Atkins as Securities and Exchange Commission chair. Atkins had previously served as a Commissioner at the SEC during the George W. Bush administration. Trump also appointed former congressional candidate Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets. In a post on Truth Social , Trump said Hines would collaborate with David Sacks , the incoming "Crypto Czar," to advance the administration's crypto agenda. While Trump endorsed Hines in his Congressional run, Hines does not have a history of crypto advocacy.
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador inked an agreement with the IMF that could stop its bitcoin adoption, Argentina announced crypto patrols, and the Brazilian Senate is prepared to discuss crypto.
MicroStrategy, a pioneer in corporate Bitcoin adoption, has recently made waves with significant developments that show its strategic focus on cryptocurrency and its growing influence in both the traditional financial and digital asset sectors. The company set new records with its largest-ever Bitcoin acquisitions in November 2024, while simultaneously preparing for its inclusion in the Nasdaq 100 index. To bolster its leadership, MicroStrategy has welcomed three prominent executives as well, including former Binance.US CEO Brian Brooks, to its board of directors. MicroStrategy’s Record-Breaking Bitcoin Acquisitions: A New Era of Corporate Crypto Investment MicroStrategy, led by its co-founder and Bitcoin evangelist Michael Saylor, has once again made headlines by surpassing its previous Bitcoin acquisition records. The company’s recent purchases during November and December 2024 have not only eclipsed its previous all-time highs but also outpaced the buying intensity of the 2021 bull market. These bold moves solidify MicroStrategy’s position as a corporate leader in Bitcoin adoption and further reinforce the asset's potential as a cornerstone for institutional portfolios. According to Saylortracker , MicroStrategy purchased 27,200 BTC on Nov. 10, 2024, at an average price of $74,000 per Bitcoin. The pace only accelerated from there, with the company acquiring 51,780 BTC on Nov. 17 and culminating in its largest single purchase to date: 55,500 BTC on Nov. 24 at an average price of $97,000 per coin. These figures are staggering, even compared to MicroStrategy’s prior Bitcoin acquisitions during the 2020-2021 bull run. At that time, its largest single purchase was 29,646 BTC on Dec. 21, 2020, when Bitcoin traded around $21,000. The latest acquisitions demonstrate the company’s unwavering belief in Bitcoin's long-term value, even as the cryptocurrency reaches new price milestones. MicroStrategy’s aggressive Bitcoin acquisition strategy has long been a topic of interest and emulation. The firm’s approach is predicated on using Bitcoin as a superior store of value compared to traditional assets. By transferring capital from the stock market into the Bitcoin market, MicroStrategy has not only enhanced its corporate treasury but also inspired other institutions to follow suit. Traders and analysts alike see these acquisitions as a bullish signal, injecting institutional liquidity and interest into the cryptocurrency market. Michael Saylor has repeatedly voiced his long-term commitment to Bitcoin, stating in a recent interview with Yahoo Finance, “I am sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin.” A Catalyst for Bitcoin’s Market Adoption The timing of MicroStrategy’s Bitcoin purchases aligns with broader developments in Bitcoin adoption and market dynamics. The inclusion of MicroStrategy in the Nasdaq 100 index, effective Dec. 23, 2024, marks a pivotal moment. The Nasdaq 100 is a weighted index of the 100 largest companies listed on the Nasdaq exchange by market capitalization, and MicroStrategy’s entry provides indirect exposure to Bitcoin for stock investors. This inclusion means that holders of ETFs like the Invesco QQQ Trust (QQQ), which manages over $322 billion in assets, will gain exposure to Bitcoin through MicroStrategy’s holdings. MicroStrategy’s persistent Bitcoin acquisitions are seen as a bullish catalyst by many in the crypto space. The company’s confidence in Bitcoin’s future — even at prices nearing six figures — reinforces its narrative as a robust asset class for institutional investors. Moreover, the increasing size of its purchases may reflect growing confidence in Bitcoin’s potential to outperform traditional assets. As Bitcoin continues its upward trajectory, MicroStrategy’s actions bring attention to a shift in the corporate landscape. The company’s strategic focus on Bitcoin could inspire similar moves by other publicly traded firms, further driving institutional adoption and mainstream acceptance of the cryptocurrency. MicroStrategy Strengthens Board with High-Profile Appointments Amid Nasdaq 100 Inclusion In related news, MicroStrategy has appointed three prominent executives — former Binance.US CEO Brian Brooks, Galaxy Digital board member Jane Dietze, and Fanatics Holdings' Chief Legal Officer Gregg Winiarski — to its board of directors. This strategic move comes on the heels of Nasdaq’s announcement that MicroStrategy will be added to the prestigious Nasdaq 100 index. The appointments, disclosed in a Dec. 20 filing with the United States Securities and Exchange Commission (SEC), expand MicroStrategy’s board to nine members. Each of the new directors — Brooks, Dietze, and Winiarski — brings unique expertise and deep connections across financial, legal, and regulatory landscapes. According to the filing, all three are eligible for equity awards, aligning their incentives with the company’s long-term goals. Among the appointees, Brian Brooks stands out as a pivotal addition. Brooks, who served as the United States Comptroller of the Currency for nine months in 2021, oversaw the entire US banking system and earned a reputation as a pro-crypto regulator. His appointment has been described as a “BIG deal” by Bitcoin platform Swan Bitcoin, which noted Brooks’ deep regulatory expertise and connections within the financial ecosystem. Brooks previously gained attention in the crypto community after being rumored as a potential replacement for SEC Chair Gary Gensler under Donald Trump. The timing of these appointments coincides with MicroStrategy’s upcoming inclusion in the Nasdaq 100, a benchmark index comprising the 100 largest non-financial companies listed on the Nasdaq exchange. On Dec. 13, Nasdaq confirmed that MicroStrategy would join the index alongside Palantir Technologies Inc. (PLTR) and Axon Enterprise, Inc. (AXON). The three companies will replace Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA), which will be removed from the index. The listing positions MicroStrategy among the Nasdaq’s most significant stocks by market capitalization, reflecting the company’s evolution from a software provider to a de facto Bitcoin hedge fund. MicroStrategy’s inclusion also extends Bitcoin exposure to a broader audience, as Nasdaq 100-linked exchange-traded funds (ETFs), such as the Invesco QQQ Trust, indirectly represent the company’s substantial Bitcoin holdings. This development is seen as a milestone for integrating cryptocurrency into traditional financial markets. Michael Saylor, MicroStrategy’s co-founder and executive chairman, has consistently advocated for Bitcoin’s role as a superior store of value. Under his leadership, the company transformed its treasury strategy in 2020, accumulating billions of dollars’ worth of Bitcoin. Saylor has repeatedly emphasized his belief in Bitcoin’s long-term value proposition, stating that MicroStrategy is committed to buying Bitcoin throughout its lifecycle. This bold approach has not only solidified MicroStrategy’s reputation but has also inspired other corporations to consider Bitcoin as a strategic asset. The company’s significant Bitcoin holdings have contributed to its reclassification as a Bitcoin-focused entity, drawing attention from institutional investors and crypto enthusiasts alike. A Strategic Inflection Point MicroStrategy’s recent developments demonstrate its dual role as a software company and a Bitcoin market leader. The inclusion of seasoned executives like Brooks, Dietze, and Winiarski, combined with its Nasdaq 100 listing, represents a strategic inflection point for the company. The appointments enhance MicroStrategy’s ability to navigate regulatory complexities, foster institutional relationships, and further integrate Bitcoin into traditional financial systems. As Brian Brooks takes his seat at the boardroom table, his regulatory expertise and industry insights are expected to play a crucial role in shaping MicroStrategy’s future. By strengthening its leadership team and achieving inclusion in the Nasdaq 100, MicroStrategy continues to bridge the gap between traditional finance and the burgeoning cryptocurrency sector. As Michael Saylor and his team push forward, MicroStrategy is poised to remain a trailblazer in corporate Bitcoin adoption, inspiring other firms to follow suit and paving the way for broader institutional engagement with digital assets.
Ethereum (ETH) has long been a force in the crypto space but has had a frustratingly slow year, gaining only 67% in value despite the larger market upswing. Many holders are turning to modern protocols, such as Arbitrum and Lunex Network, to diversify their investments. While Arbitrum has established a strong reputation for its approach to security, Lunex Network ($LNEX) is amassing popularity for its extensive value offering. So why are Ethereum holders pinning their hopes on these two projects? Ethereum (ETH) Dips Despite Efficiency Progress Ethereum (ETH) has had a slow year, growing by 67% in total. Ethereum (ETH) has lagged behind other crypto titans who have largely seen bigger gains. There have been glimmers of technological progress for Ethereum, as the Ethereum developers managed to cut the network’s energy consumption massively, which was a long criticized shortcoming of Ethereum among holders. However, this hasn’t managed to spur much growth, and in the last 5 days, Ethereum (ETH) has dipped by 5%. Arbitrum (ARB) Activates Stylus Update On Mainnets Arbitrum (ARB) has found a new lease of life, with Arbitrum’s price soaring by 54% in the last month and 12% over the last 24 hours. These price increases followed Arbitrum’s activation of the Stylus protocol on its mainnets. This update allows developers to use a variety of additional languages to code smart contracts on the network. This massively enhances the appeal of Arbitrum (ARB) developers globally, as many networks are yet to make these adjustments. Arbitrum is looking strong going into 2025 despite some fluctuations earlier in the year. Lunex Network Offers A High-Performance Trading Platform Lunex Network ($LNEX) is gaining recognition as an advanced protocol, offering a suite of features tailored for traders and powered by state-of-the-art blockchain technology. At the heart of the platform is its dynamic native token, $LNEX. Engineered for resilience and long-term growth, $LNEX has a capped supply of 8 billion tokens, creating a deflationary effect as adoption rises. Besides potential gains from token appreciation, holders enjoy 18% of platform profits generated through transaction fees. With this revenue sharing model a sustainable ecosystem is created while attracting early adopters with the promise of passive income. A sophisticated portfolio tracker is integrated into Lunex Network, which outperforms standard exchange tools. Unlike standard trackers it supports cryptocurrencies as well as ETFs, stocks and other financial assets. This allows traders to track assets across diverse portfolios with ease. At one glance, users can assess their financial health and trading position. Lunex Network Attracts Investors In Droves Investor interest in Lunex Network ($LNEX) is surging, with tokens currently available at the appealing price of $0.0048. The platform’s innovative approach to crypto trading and its broad utility have fueled analysts’ predictions of a 1,800% increase in token value by the official launch. For investors looking to capitalize on the evolving DeFi market, Lunex Network ($LNEX) is a standout opportunity in 2024 that should not be overlooked. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork
Italy’s privacy watchdog ordered OpenAI to conduct a six-month public awareness campaign to promote how ChatGPT collects and uses data.
Australian financial expert ‘Barefoot Investor’ Scott Pape has revealed how he fought crypto scammers who hacked into his identity to con his followers. The Australian reported on Dec. 23 that Pape and his team were reporting hundreds of fake Facebook groups claiming to be run by his image to trick people into scams. One of the fake groups using Scott Pape’s name. Source: Facebook Pape decided to engage with the scammers and explain their methods instead of waiting on Facebook to take down these groups since this could allow more scams to spread. He took up a fake name on Facebook and asked for investment advice from the scammers Within hours of contacting a fake Facebook page, he was solicited to share his phone number and then offered a chance to join an ‘exclusive’ WhatsApp group called the ‘DB Wealth Institute.’ Pape looked up DB Wealth Institute on Google and quickly sifted through a number of automated press releases about the ‘investing firm’ and even on Yahoo Finance, Forbes, and LinkedIn. One press release notes that “DB Wealth Institute, founded in 2011 by Professor Cillian Miller, offers practical financial training and developed ‘AI Financial Navigator 4.0,’ integrating AI with big data to enhance trading strategies. By 2024, it had trained over 30,000 students from more than ten countries”. US regulators and financial authorities had warned of such scams by “wealth institutes” Pape added that further research also revealed that many US regulators and financial authorities had warned of fake ‘wealth institutes’ trading crypto through WhatsApp. Such scams include a ‘professor’ who provides false trading signals to group members that they can invest their money in and an assistant who communicates with investors. As soon as the group realizes enough money has been gathered, it disappears with the funds, rebrands, and then goes after new victims. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Cardano’s recent performance has sparked significant debate, as the cryptocurrency dropped 8.77% in just 24 hours, raising concerns about its immediate future. While a bearish trend dominates the charts, some
BNB price is consolidating above the $620 support zone. The price is consolidating and might aim for a fresh increase above the $675 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $680 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $640 level to start another increase in the near term. BNB Price Holds Support After a downside correction, BNB price found support at $620. It is now recovering losses like Ethereum and Bitcoin . There was a move above the $675 level before the bears appeared at $695. There was a move below the $680 and $675 levels. The price declined below the 50% Fib retracement level of the recovery wave from the $619 swing low to the $693 high. There is also a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair. The price is now trading below $675 and the 100-hourly simple moving average. However, the bulls are now active near the 76.4% Fib retracement level of the recovery wave from the $619 swing low to the $693 high. If there is a fresh increase, the price could face resistance near the $675 level and the trend line. The next resistance sits near the $692 level. A clear move above the $692 zone could send the price higher. In the stated case, BNB price could test $705. A close above the $705 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $735 level in the near term. Another Dip? If BNB fails to clear the $675 resistance, it could start another decline. Initial support on the downside is near the $640 level. The next major support is near the $625 level. The main support sits at $620. If there is a downside break below the $620 support, the price could drop toward the $612 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $640 and $620. Major Resistance Levels – $675 and $692.