🚀🚀In the dynamic world of cryptocurrency, the past 12 hours have seen noteworthy developments across various projects and markets. Here's a detailed breakdown:
Key Highlights:
1. GBTC Outflow: A substantial outflow of $255.1 million from GBTC has been reported, adding up to over $5 billion in outflows over the past 11 days, as per insights from @BitMEXResearch.
2. $Fusionist ACE Arena: Fusionist reveals details about ACE Arena, designating $ACE as the exclusive staking and minting token.
3. $Conflux BSIM Card: Conflux introduces the BSIM Card, a collaborative effort with China Telecom. The initial batch has been dispatched to early users in China, offering 70GB and 500 minutes for 39CNY/month.
4. $OKX Jumpstart: @zetablockchain partners with OKX for the Jumpstart Mining initiative set to commence on Jan 30.
5. $ASTR dApp Staking V3: Astar Network announces the imminent launch of dApp Staking V3.
6. $ImgnAI Funding: imgnAI secures $1.6 million in seed funding led by Hack VC, with participation from multiple investors.
7. $SUI Network Milestone: $SUI Network achieves a TVL (Total Value Locked) exceeding $400 million, surpassing the Base chain.
8. $SuperVerse DAO Tease: $SUPER teases a significant announcement scheduled for Jan 30.
9. $HTX Primepool: The 15th edition of HTX Primepool on $TRX runs from Jan 26 to Feb 5. Participants can lock $TRX to earn $AMU rewards.
10. $WEN Memecoin Claim: The inaugural claim for the first Memecoin, $WEN, on @JupiterExchange has initiated. Crypto enthusiasts are closely watching $WIF and $WEN.
11. Starknet Stress Test: Starknet plans a stress test on the Goerli testnet on Jan 30.
Market Trends:
The market is buzzing with the China Narrative gaining momentum, fueled by significant events like the People's Bank of China (PBoC) cutting the Reserve Requirement Ratio (RRR) by 50 basis points, coupled with celebrations for the Year of the Dragon and the upcoming Chinese New Year.
Conclusion:
The cryptocurrency space remains vibrant, witnessing a spectrum of activities from funding rounds to project launches and market shifts. Stay tuned for further updates as the crypto saga continues to unfold. Your likes and retweets are appreciated! 🙌 #cryptonews #BlockchainUpdates #MarketTrends
