Welcome to the latest market news, the topics we will be discussing include, crypto, blockchain, Defi, Cefi, NFT, Ai, Web 3.0, and the global economy in general.
Here you will read about the latest events in the global economy and crypto every day, including important things such as market changes, new regulations imposed by governments for crypto and the adoption of crypto by banks and new Crypto projects, developments in Blockchain technology
1. Situation of the Market as a Whole *
The total market cap is currently $3.71 trillion, while the total market volume traded in the last 24 hours is $97.81 billion. Currently, Bitcoin holds market dominance with 59.1 percent, while altcoins hold 43.91 percent. The 30% Altcoin Season Index indicates that altcoins are gaining popularity. * The 35% level of the Fear and Greed index, which measures investor sentiment, indicates that investor enthusiasm is decreasing. ◦ Stablecoins such as USDT and USDC continue to play a significant role in the crypto market. USDT has a market capitalization of $100.10 billion, while USDC has a market capitalization of $12 billion.
* The current price of Bitcoin (BTC) is $110,315.21. * The price of Ethereum (ETH) right now is $3,862.89. * Tether (USDT) is a stablecoin that has a one-time price of $1 and is a hybrid of cryptocurrencies and fiat. * Binance Coin (BNB), which is the cryptocurrency that Binance uses to pay for its services and has a current value of $1.83.10 * Ripple (XRP): Ripple's cryptocurrency, currently worth $2.52 Market Rules & Policy, is used for quick, low-cost international payments. * Banking regulations for stablecoins and cryptocurrencies are currently being reviewed by global financial institutions in preparation for the implementation of a new system next year. * The New Hampshire state legislature has proposed delaying consideration of a bill that would prevent local governments from imposing specific taxes or restrictions on crypto mining. * Investors are once more considering how the new laws can benefit them. * The reason for the increase in usage is that new regulations for stablecoins are gaining traction. * 3. ETFs and Institutional Investment: Large investors are increasingly considering altcoin ETFs because they want to diversify their investment portfolios beyond Bitcoin and Ethereum and include tokens from other ETFs like SOL and XRP. * Bitcoin ETFs saw nearly $600 million exit this week.
* Altcoins are now seen as the next step for formal ETF investments by institutional investors. * A new Hype token-based ETF has been submitted by 21Shares. 4. New coins are anticipated to launch. * ePowerX Token (EPWX) — a new project that combines energy and blockchain.
* MetaAI Token (METAI) is an AI and Web3 project that intends to be utilized extensively. * A brand-new DeFi project is Hydrex Token (HYDX). AlphaPepe Token (ALPE) is a brand-new meme-token based on BNB Chain that comes with stakes and more uses. 5. The Market and Whale Investments * Whales, who are big investors, have a big effect on the market: after a big drop, some people sold a lot of coins. * The price of altcoins with low liquidity is affected by whale activity— * The data indicate that substantial investors are rethinking their strategy beyond "buy and hold." 6. Projects for New Markets * At the moment, new Web3, GameFi, and AI-Blockchain projects are gaining traction. * Tokenization of real-world assets is what is influencing — for example, JPMorgan has put real assets on its blockchain.
* Projects working on interoperability (connecting different blockchains)—they want to operate on more than one network. 7. Technology for Blockchain * Bridges and cross-chain connections have taken on new importance — users want to easily exchange assets between different blockchains.
* Infrastructure development (APIs, SDKs, nodes) — this allows developers to easily build dApps.
* Blockchain is moving beyond its experimental stage and is now clearly interacting with the mainstream economy. 8. AI & Web 3.0
* The first step toward innovation has been the combination of Web3 and AI. * AI is used in metaverses, GameFi. * Markets for “decentralized AI” are starting to emerge — people can sell tokens for their data or models.
9. DeFi & NFT * DeFi is facing pressure today — despite market downturns, the use of services like staking and liquidity provisioning has continued.
* The number of non-fungible tokens (NFTs) that offer a genuine service, such as access rights, gameplay, or revenue sharing, has continued to rise significantly.
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