AI agents will dominate blockchain next year Curve DAO agrees to compensate victims

Headlines

▌Report: Artificial Intelligence Agents Will Dominate Blockchain in 2024

According to Nansen’s latest It is predicted that artificial intelligence agents will dominate blockchain in 2024, contributing to a safer and more streamlined ecosystem. While there is still uncertainty about the full integration of artificial intelligence and blockchain, the analytics platform said promising use cases are starting to emerge. Artificial intelligence agents capable of processing transactions on behalf of users, holding assets securely and facilitating the exchange of value are becoming key elements.

▌Curve DAO agrees to provide $44 million in compensation to hacking victims in July

Curve DAO, the community behind Curve Finance has voted to deploy Curve CRV tokens worth $44 million as compensation to victims of the July hack. The CRV compensation of US$44 million will be released linearly within one year, and 196,626.29 CRV tokens will be issued per day based on the number of days. Based on current spot prices, this equates to approximately $121,000 per day.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 43,851.44 US dollars, with fluctuations during the day. Frame-0.19%;

ETH Recent The transaction price was US$2310.46, and the intraday increase or decrease-0.14%;

BNB The recent transaction price was US$272.26, with intraday changes +1.02%;

The recent transaction price of XRP was US$0.6201, with an intraday increase and decrease of -0.29% ;

The recent transaction price of DOGE was US$0.09375, with an intraday increase or decrease of -0.82% ;

ADA’s recent transaction price was US$0.6185, with an intraday increase or decrease of +0.29 %;

SOL’s recent transaction price was US$108.88, with intraday gains and losses+14.19%.

Policy

▌The UAE revised its anti-money laundering regulations to include digital asset transactions within the scope of supervision

The UAE Financial Services Regulatory Authority (FSRA) recently revised the Anti-Money Laundering Regulations and Guidelines (AML), specifically amending the provisions related to digital asset transactions in response to the Financial Action Task Force (FATF) on Anti-Money Laundering. significant changes in this field. In this revision, the UAE officially classifies digital assets as a recognized payment method, pointing to the evolution of financial transactions. The document specifically mentions that payments involving virtual assets fall within the scope of this regulation.

▌Hong Kong Securities and Futures Commission: Virtual asset spot ETFs are only allowed to be traded on futures exchanges regulated by the Securities and Futures Commission

The Hong Kong Securities and Futures Commission pointed out in the updated "Joint Circular on Virtual Asset Related Activities of Intermediaries" that virtual asset futures are only allowed to be traded on traditional regulated futures exchanges, and management companies must prove that (i) the relevant virtual assets asset futures are sufficiently liquid, (ii) the rollover costs of the underlying virtual asset futures are controllable, and how such rollover costs are managed. If a virtual asset fund authorized by the Hong Kong Securities and Futures Commission wants to handle spot virtual asset transactions and acquisitions, it should be processed on a virtual asset trading platform licensed by the Hong Kong Securities and Futures Commission or a recognized financial institution (or recognized locally registered subsidiary), especially involving the following two Require: (a) For cash subscriptions and redemptions, spot ETFs recognized by the Hong Kong Securities and Futures Commission should acquire and dispose of spot virtual assets through a licensed virtual asset trading platform; (b) For physical subscriptions, participating dealers (PDs) should transfer spot virtual assets held locally or overseas to spot virtual asset ETFs recognized by the Hong Kong Securities and Futures Commission.

Blockchain application

▌Hyphen announced that it has been officially launched

According to official news, Hyphen announced that it has been officially launched and the Dashboard is open to the public. Now, anyone can use the Hyphen SDK to build mobile DApps on Flow. Enhanced iCloud recovery, say goodbye to forced 2FA on new devices. Our updated iCloud recovery feature allows you to back up your recovery keys, simplifying registration and sign-in for new devices.

▌MonkeDAO joint creation: Zebec announced the launch of Instant

The co-founder of MonkeDAO said on social media that today, Zebec launched Instant, allowing users to directly Its crypto wallet recharges USDC on Solana for digital debit cards in 140 countries without any fees. Choose a prepaid Mastercard, add it to Apple Pay and seamlessly spend USDC on SOL anywhere. Golden Finance previously reported that Zebec Instant Card was officially launched, authorized by both VISA and Master systems, and will support use in more than 180+ countries, including the United States and China. The Zebec protocol is supported by the Solana Foundation and invested by Coinbase Venture, Repblic, and Circle.

▌Bitcoin mining company Stronghold completed US$15 million in equity financing

Stronghold Digital Mining, a listed Bitcoin mining company, announced that it has signed an agreement with an institutional investor With a securities purchase agreement valued at $15 million, Stronghold said it will use the funds to expand its fleet of mining equipment and drive its carbon capture plans forward. Earlier this year, the company formed a partnership with Canaloupe Digital to boost its computing power. The capital injection was achieved through the sale of 2.3 million SDIG Class A shares at an average price of $6.71 per share. Additionally, Stronghold provided an update on the Panther Creek mining facility, showing the site was operating at 60% capacity between November 20 and December 7, 2023.

Cryptocurrency

▌The Central Bank of Nigeria has lifted some restrictions on crypto service providers, but still prohibits banks from conducting crypto transactions< /strong>

The Central Bank of Nigeria (CBN) has lifted restrictions on Virtual Asset Service Providers (VASPs) opening bank accounts in the country. The new policy overturns a February 2021 order from Nigeria’s central bank urging banks to immediately close accounts related to digital asset activity, although it does not appear to overturn the country’s ban on banks trading crypto or holding digital assets themselves. . Additionally, any VASP in the country will need to be regulated by the Nigeria SEC before being allowed to operate in the country, and will have to deposit at least 500 million naira (approximately $550,000) in a bank account to obtain a license, which the report says is possible Can impact smaller players in the market.

▌IntoTheBlock: Ethereum’s market value will increase by about 85% in 2023, but its performance is still slightly worse than other major assets

IntoTheBlock data shows that Ethereum Its market capitalization grew by approximately 85% in 2023, slightly underperforming other major assets despite upgrades, ETF filings and showing strong adoption metrics.

▌Data: Bitcoin will end 2023 as one of the best-performing assets

Bitcoin data provider Kaiko Research predicts that Bitcoin Coin will outperform all major traditional assets this year. Despite tough macroeconomic conditions and headwinds facing the crypto industry, Bitcoin is still set to rise more than 160% in 2023. Only a handful of companies are ahead of Bitcoin's performance, including NVIDIA Corp (NVDA), which is up 241% year to date, outpacing Bitcoin's 163% gain. Kaiko analysis divides the full-year BTC price trend into three stages. BTC traded almost consistently between $25,000 and $30,000 between March and October, falling significantly and hitting multi-year lows in mid-2023. However, with BlackRock filing for a spot Bitcoin ETF on June 15, the cryptocurrency’s market price rose above $40,000. Kaiko analysis also noted that Bitcoin has the opposite correlation with the stock market index Nasdaq 100, with Bitcoin often described as a hedge against inflation compared to a digital version of gold. However, its value is primarily affected by macroeconomic factors, the performance of the U.S. dollar, and stock market movements.

▌The negative premium rate of Grayscale GBTC has narrowed to 5.63%

According to Coinglass data, the negative premium rate of Grayscale GBTC has narrowed to 5.63% . In addition, the negative premium of ETC trust is 13.23%, the positive premium of LTC trust is 114.51%, and the positive premium of BCH trust is 92.54%

▌Data, in 2023, Bitcoin will have a positive premium in terms of market value, NFT and miners. Beyond Ethereum

According to CMC archived data, at the close of December 2022, BTC’s market dominance was 40.1%, while ETH’s share was 18.4%. Currently, BTC’s market share has surged to 51.5%, while ETH has dropped slightly to 16.6%. Currently, Bitcoin's market capitalization is as high as $856 billion, while Ethereum's market capitalization is $275 billion, which makes BTC's market capitalization approximately 3.11 times that of ETH. The latest data from cryptoslam.io shows that in November 2023, Bitcoin surpassed Ethereum in NFT sales and maintained its lead in the subsequent 30 days. During this 30-day period, Bitcoin-based NFT sales reached $761,951,324, while Ethereum sales reached $387,167,225. Additionally, Bitcoin continues to outperform Ethereum in terms of fee generation. In the past 24 hours alone, BTC miners collected $39,480,534 in fees from on-chain transactions, significantly higher than the $551,880 collected by ETH validators.

Important Economic Updates

▌The Fed’s favorite inflation gauge cooled more than expected

At 21:30 Beijing time on Friday, the U.S. core PCE price index in November recorded an annual rate of 3.2%, lower than the expected 3.3%. The previous value was revised down from 3.5% to 3.4% for 2021. The smallest increase since April. The U.S. core PCE price index in November recorded a monthly rate of 0.1%, which was also lower than the expected 0.2%. The previous value was revised down from 0.2% to 0.1%. The monthly rate of personal spending in the United States in November was 0.2%, which was lower than the expected 0.3%. The previous value was revised down to 0.1% from 0.20%. U.S. durable goods orders recorded a monthly rate of 5.4% in November, the largest increase since December 2022.

Golden Encyclopedia

▌What is blockchain scalability and why is it important?

Scalability refers to the system’s ability to accommodate an increasing number of participants or transactions while maintaining its decentralized characteristics and overall performance. Scalability is important because the fundamental purpose of blockchain technology is to serve as an open, decentralized ledger. Scalable blockchain ensures that the system remains responsive and able to manage growing workloads as more users join the network and transaction processing needs increase.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.