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KaJ Labs has pledged $100 million to enhance AI applications within the XRP ledger ecosystem, aiming to develop advanced tools for decentralized finance and enterprise operations. This investment will support research and the deployment of AI models tailored for XRP, promoting innovation and broader adoption in the enterprise blockchain sector. The initiative aligns with Atua AI's mission to integrate AI with blockchain, although specific product details and timelines remain undisclosed.
Step Finance has acquired Moose Capital, rebranding it as Remora Markets, to enhance its presence in the Solana blockchain ecosystem. This new platform will offer fractionalized traditional financial assets, such as shares of Nvidia and Tesla, directly on-chain, while addressing challenges like high brokerage fees and slow transactions. Registered in multiple jurisdictions, Remora Markets aims to attract traders with its unique position as the only marketplace for Real-World Assets on Solana, contributing revenue to Step Finance’s $STEP token buyback program.
Aptos is gaining traction in the crypto market with significant developments, including Anchorage's integration of tokenized Treasuries, Binance's support for native USDT, and a new office in Abu Dhabi aimed at fostering global partnerships. These initiatives enhance institutional appeal and drive adoption of decentralized finance solutions, positioning Aptos as a competitive player in the blockchain ecosystem.
At the Bitcoin MENA conference, Eric Trump highlighted the UAE's blockchain leadership while announcing a $30 million investment from Tron in World Liberty Financial, a venture linked to his family. However, concerns arise over Tron's alleged ties to terrorist financing, prompting scrutiny of potential conflicts of interest involving Steve Witkoff, a co-founder of World Liberty and incoming special envoy to the Middle East. As the US and UAE deepen digital finance cooperation, the administration's response to these ethical issues will be a critical test of its commitment to responsible crypto regulation.
Bitcoin's price surged past $102K as the cryptocurrency market valuation exceeded $3.5 trillion, rebounding 9.4% since the recent crash. In the last 24 hours, over 104,700 traders faced liquidation, with $172.7 million in long contracts closed. President-elect Donald Trump expressed support for the crypto sector, hinting at a Bitcoin strategic reserve during his appearance at the New York Stock Exchange, while his firm acquired $5 million worth of Ethereum. Chainlink and Avalanche emerged as top gainers in the altcoin market.
The RWA sector saw significant growth this week, with its market cap rising to $67.6 billion, driven by notable performances from Chainlink (+16.7%) and XDC (+24.3%). Key developments include ProvLabs' funding round, Archax's partnership with XDC, and BounceBit's integration of Ondo's USDY yieldcoin, enhancing access to tokenized real-world assets. Despite a decline in total value locked to $7 billion, the sector remains the best performer over the last 30 days, with a remarkable 98.5% growth.
Bybit's latest derivatives report reveals a decline in ETH perpetual positions while ETH maintains a lead over BTC in options open interest. The report attributes the drop in ETH open interest to weak spot prices and a pullback in BTC, with funding rates stabilizing after a wave of liquidations. Despite lower trading volumes, ETH options show a bullish trend ahead of year-end expirations, contrasting with BTC's flat options structure.
Privacy coins surged on December 11 and 12, with Verge (XVG) leading gains at 51.8%, reaching $0.01704, while trading volume soared to $361 million. The sector's total value hit $7.53 billion, driven by significant increases in NuCypher (NU), Zcash (ZEC), and Monero (XMR). However, privacy coins face scrutiny from regulators due to concerns over their use in illicit activities, leading to restrictions in places like Dubai and Japan.
xHaven has launched its native governance token, XVN, on Sparkdex, marking a significant evolution from a digital collectibles marketplace to a broader Web3 ecosystem. The XVN token offers users exclusive benefits, including trading fee discounts, rewards for transactions, and governance participation, while strategic partnerships with Ichi and Sparkdex enhance liquidity and user experience. This initiative aims to empower the xHaven community and foster active participation in shaping the platform's future.
Animoca Brands chairman Yat Siu predicts a resurgence in non-fungible tokens (NFTs), expecting them to surpass their 2021 peak, despite recent declines in sales volumes and project closures. He emphasizes that failures are part of the business cycle and believes NFTs will continue to serve as status symbols, akin to luxury goods, enhancing personal reputation and opportunities.
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