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Dfinity Foundation’s Dominic Williams said 95% of blockchains are “junk” and the industry seems more concerned with narrative than substance. Williams considers the Internet Computer Protocol to be the only “third-generation” blockchain.
Institutional Crypto Research Written by Experts
SOL, DOGE, ADA, HBAR, and RNDR are among the poorest performers in the past 24 hours.
Marathon Digital’s hash rate target of 50 EH/s by the end of 2025 may be achieved a year sooner than expected, CEO says
Quick Take Reps. Patrick McHenry and Maxine Waters have been working on a stablecoin bill that was advanced out of the Republican-led House Financial Services Committee over the summer last year. Rep. Maxine Waters told Bloomberg News this week that they were on their way “to getting a stablecoin bill in the short run.” Others say a sticking point on who should be the primary regulator of stablecoin issuers would have to be resolved first.
Consensys filed a lawsuit against the SEC in a Texas court on Thursday
- 04:07Fidelity: More countries will include Bitcoin in their reserves by 2025, promoting the growth of the cryptocurrency marketAccording to Cointelegraph, Fidelity Digital Assets predicts in its latest report that by 2025, countries incorporating Bitcoin into their national strategic reserves will drive significant growth in the cryptocurrency market. Research analyst Matt Hogan pointed out that more countries, central banks and sovereign wealth funds may follow Bhutan and El Salvador's example, establishing strategic positions in Bitcoin and reaping substantial returns in the short term. Hogan emphasized that due to challenges such as inflation, currency depreciation and fiscal deficits, not allocating Bitcoin might pose a greater risk to nations than allocating it. He also mentioned that if the US advances its Bitcoin strategic reserve plan, other countries might secretly accumulate Bitcoins to avoid pushing up market prices. In addition, Hogan predicted that by 2025 digital asset structured products and custodial services will "become mainstream", with successful spot trading of Bitcoin and Ethereum ETFs driving further product innovation within traditional financial sectors. He also believes tokenization will become a "killer application" by 2025 with on-chain value expected to double from $14 billion to $30 billion. Fidelity researchers suggest investors should "prepare for acceleration," as adoption of digital assets is rapidly increasing demand. They emphasize it's not too late for investors entering the digital asset space; this could be the beginning of a new era lasting many years or even decades.
- 04:02Multicoin Co-founder: Doesn't believe that public stock offerings will become the first type of tokenized securities adopted by the mass marketAccording to a report by Jinse, Multicoin co-founder Tushar Jain stated in a report released on the 7th that he does not believe that initial public offerings will become the first type of tokenized securities adopted by the mass market. Markets with poor liquidity, high opacity and greater benefits from tokenization are more likely to be adopted first. This could be startup equity - when blockchain can manage capital tables for free, there is no reason to pay Carta or Angelist for management. It could be fixed income instruments that Figure has been researching for years. It could also be LP interests in funds.
- 03:45Galaxy Digital deposited the remaining 4.46 million ENA into CEX 9 hours ago, equivalent to about 4.92 million US dollarsAccording to Spot On Chain monitoring, 9 hours ago, as the price plummeted, Galaxy Digital deposited the remaining 4.46 million ENA (worth $4.92 million) into CEX. This allowed them to sell a total of 10.85 million ENA (worth $12.4 million) in the past 29 hours at an average price of $1.144 per ENA, possibly making a profit of $2.37 million (+23.5%). Overall, including Galaxy Digital, three whale/institutions have deposited a total of 25.81 million ENA (worth $30.43 million) into CEX in the past two days.