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5 must-read articles in the evening
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2024-12-06 21:02 861
1. Who was David Sacks, the first “encryption and AI czar” in the United States, and what projects he invested in

Trump will appoint David O. Sacks as White House encryption director Currency and artificial intelligence director, responsible for leading U.S. regulatory affairs in the cryptocurrency field, Sacks is a well-known Silicon Valley investor and a supporter of blockchain technology. Trump said: “Sacks will work to develop a legal framework that provides the crypto industry with the clarity it has been seeking so that the industry can thrive in the United States.” Who is David Sacks? Why take the role of White House Cryptocurrency and Artificial Intelligence Director? What impact will it have on the crypto market? Click to read

2. Pantera: Trillion-dollar Stablecoin Market – Stack and Future Opportunities

Although people generally think of cryptocurrencies as having volatility, tokens, and liquidity , but there’s another side to cryptocurrencies, namely stablecoins that more quietly carry the banner of crypto adoption. For starters, these cryptodollars are pegged 1:1 to the underlying fiat currency, using algorithms (less popular) or reserves (more popular) to maintain the peg. Click to read

3. The altcoin season has arrived when BTC exceeded $100,000

In the past November, we can see that the market value of cryptocurrency has generally been on an upward trend. The previous 2.45 trillion rose to 3.69 trillion. In terms of market share, BTC continued to rise after a brief decline in November, and the current dominance rate is over 55%. This is due to the fact that other ecological tokens such as ETH began to make up for the increase during the same period, while BTC still fluctuated below 100,000 US dollars until December On March 5, it exceeded US$100,000, and the BTC dominance rate began to increase. Click to read

4. Success secrets learned from Ethena and HyperLiquid

HyperLiquid became the top cryptocurrency in terms of fully diluted valuation (FDV) within a few weeks of its launch. One of 20 coins, this achievement was achieved without a major centralized exchange coming online. Supporters are mainly traders and users, and their enthusiasm for the product is more like a love for social platforms (such as BeReal or Instagram) than the "faith groups" of the traditional crypto community (such as Link Marines). Click to read

5. Who stole your Bitcoin?

The launch of this round of Bitcoin is not accomplished overnight, but like a multi-stage rocket, one after another, linked together, and taking off layer by layer. Pre stage: The end of the three major scammers (SBF, SuZhu, DoKwon) + the severe cold of the Federal Reserve’s interest rate hikes, joining forces to put the iron bottom of BitcoinSoldered at 16000 points. Subsequently, Bitcoin went from the previous bottom of 16,000 to today's 101,600. There are actually three major contributors: the first stage rocket: 16,000-30,000. Thanks to Grayscale, it has sucked in Bitcoin like a wild animal as always, and won a lawsuit with the SEC. A crucial victory. Second stage rocket: 30,000-60,000, thanks to ETFs, especially BlackRock and Fidelity, two traditional institutions brought their users and hot money from the US stock market into Bitcoin. Third stage rocket: 60000-100000. Thanks to MicroStrategy. In fact, it is difficult to break through the key integer points, especially the invisible pressure of various technical indicators. However, MicroStrategy’s belief and determination allowed them to use debt issuance and selling. The cash in stocks directly and forcefully eliminated the pressure and pushed Bitcoin into a vacuum zone. Click to read

Keywords: Bitcoin
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