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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
- 03:10The market value of USDC has broken through 50 billion US dollars, reaching a new high in nearly two yearsGolden Finance reports that over the past 22 days, a total of $4.2 billion USDC has been minted on the Solana chain. As the issuance volume increases, the current market value of USDC has exceeded $50 billion, reaching approximately $51.5 billion, setting a record high since September 2022.
- 03:09Market dynamics on January 23: BTC and altcoins generally decline; AI sector becomes the focus of the market, US stocks rise strongly, regaining upward momentumMarket Dynamics: BTC falls, as do altcoins. AI remains the main focus of the market. U.S. stocks surge, returning to an upward trend with strong performances. Market Highlights: The AI sector sees significant gains in PIPPIN, LUMO, BUZZ, SORA, MOBY, and DOGEAI. PIPPIN has recently open-sourced its framework. LUMO, an AI platform tailored for the Solana blockchain, is actively participating in hackathons. BUZZ, the winner of a Solana hackathon, is pioneering AI in decentralized finance. SORA operates as a voice assistant, MOBY functions as a whale monitoring robot similar to AIXBT, and DOGEAI is a political meme by a conspiracy group. The public blockchain SOL shows a weekly increase. The SOLBTC exchange rate strengthens. The proportion of income from crypto applications (akin to on-chain GDP): Solana accounts for 55%, Ethereum 20%, and Base 10%. The meme coins TRUMP and FARTCOIN are down for the week. There is speculation that TRUMP's emotional trajectory could mirror SHIB's initial period on leading exchanges, potentially facing several months of market correction and downtrend. The leading exchange debuts ANIME, a community token for the AZUKI NFT space, rumored to be a close-knit 'girlfriend coin.'
- 02:50BlackRock CEO: Amid concerns about currency devaluation, Bitcoin could reach $700,000PANews reported on January 23, according to Cointelegraph, BlackRock CEO Larry Fink discussed the future of digital currency in an interview at the World Economic Forum Davos meeting. He stated that due to concerns about currency devaluation, the price of Bitcoin could potentially rise to $700,000 per coin. Fink said: "A collective allocation of 2% to 5% by asset management companies may drive up the price of Bitcoin. If you are worried about currency depreciation or concerned about a country's economic or political stability, you can own an international tool - Bitcoin which can overcome these localized fears." However, he clarified that he is not promoting Bitcoin. Fink also expressed his concern that inflation might increase over the next 12 months and warned it would be dangerous to assume that inflation has peaked.