💥 Crypto lobbying spending in the #US is set to blow past the 2022 record!

With over a month left in 2023, the industry has already spent $20M, closing in on last year's total of $22.2M

#cryptonews #CryptoLobbying #CryptoIndustry #News

**🚀 Breaking News: 🌐 Regulatory-free zone established in Ras Al Khaimah, UAE, to foster the growth of digital asset and web3 industries. Tax and regulatory framework benefits offered to cryptocurrency companies within the regulatory-free zone. 🇦🇪🏛️ #UAE #RegulatoryFreeZone #CryptoIndustry

💼 Sandra Helou, CEO of MetaMinds, a Zilliqa-based Metaverse platform, cites the lack of a suitable business model as the reason for the Metaverse initiative's failure. She underscores the need for significant business vision and model transformation and advocates for improved interoperability and accessibility among Metaverse projects. #MetaverseChallenges #CryptoIndustry 🌐🤝🚀🗂️

The decline in crypto funding can be attributed to various factors, including bankruptcies of popular crypto companies and a shift towards prioritizing profits over growth. However, industry insiders remain optimistic for a potential slowdown in . #CryptoIndustry #Optimism

**Just In 🚨**: RootData reports that the total investment raised by cryptocurrency companies last month amounted to $505 million, reflecting a significant decrease of approximately 72.6% compared to the same period last year when it reached $1.848 billion. Additionally, there were 77 investments made, representing a 44.2% decrease compared to September of the previous year. #CryptocurrencyInvestment #CryptoIndustry #CryptoNews

Thesis Overview of Key Crypto Industry Themes for 2024 from the Coinbase Report. Part 1.

1. Bitcoin Hegemony:
- Institutional capital flows are expected to remain tied to Bitcoin at least until the first half of 2024.
- The choice of digital assets is moving towards more stable brands, leading to a sustained increase in Bitcoin's dominance above 50% for the first time since April 2021. This has been largely provoked by several well-known and established financial giants submitting applications for spot Bitcoin ETFs in the U.S.
- The restrained demand from traditional investors, seeking to enter this market, will make it difficult to displace Bitcoin's hegemony in the near term.

2. New Trading Regime:
- The cryptocurrency trading mode may shift towards Web3 applications in 2024, as market participants show more interest in the diversity of transaction options.
- The market players are expected to focus on identifying potential Web3 applications that bridge the gap between early adoption and widespread use of cryptocurrencies.

3. Layer 1 Protocol Equilibrium:
- Debates regarding the advantages of modular and integrated (monolithic) types of blockchains will continue in the near future. Monolithic blockchains like Solana will continue to hold an important place in the crypto ecosystem. However, the value of these blockchains ultimately depends on what projects are built on them and how widely they are used.

4. Development of Layer 2 Protocols:
- The proliferation of Layer 2 has led to a minor shift in activity away from Ethereum, while almost eliminating activity in alternative Layer 1s. Rapid growth of scalable Layer 2 solutions has led to the emergence of new unifying stacks such as Opstack, Polygon CDK, and Arbitrum Orbit. The number of transactions in Ethereum remains relatively stable, averaging about 1 million per day.
- By comparison, the combined activity in Arbitrum, Base, Optimism, and zk Sync currently averages more than 2 million transactions per day.
#CryptoIndustry #coinbase #BTC

🏛️ Cryptocurrency companies increased their lobbying spending to $18.96 million during the first three quarters of this year, according to data from non-profit research group OpenSecrets, as reported by Reuters. This represents a rise from the $16.1 million spent during the same period last year. Leading the pack, U.S. cryptocurrency exchange Coinbase was the top spender with $2.16 million in lobbying expenditures, followed by Forris DAX (operator of Crypto.com), the Blockchain Association, and Binance Holdings. 💼🌐 #CryptoLobbying #Coinbase #CryptoIndustry 🚀💰

Michael Saylor of MicroStrategy views FTX founder Sam Bankman Fried's recent legal troubles as a necessary experience for the crypto industry to strengthen and build a more stable ecosystem following SBF's unanimous guilty verdict on seven charges. 🌐💪🏦 #CryptoIndustry #LegalOutcome

🌐🇺🇸 US crypto lawyer Jeremy McLaughlin shared insights at Intersect 23 in Melbourne, Australia, noting a shift in US courts' control over the Securities and Exchange Commission (SEC). This might bring a new momentum to the cryptocurrency industry. 🌬️💼 Early US crypto regulation had a clear path at the state level, but SEC and CFTC interventions caused market contractions and token delistings. Recent SEC losses in lawsuits against crypto companies indicate a changing landscape. The hope is for more organized and less chaotic cryptocurrency regulation in the US. 📈🤝 #USCryptoRegulation #SEC #CryptoIndustry

💰 #BitcoinETF💰💰💰 ads may appear on Google starting Monday, community speculates

On Monday, Google is set to update its policies allowing certain cryptocurrency products to be advertised on the major search engine. Bitcoin exchange-traded funds (#ETFs ) appear likely to meet the criteria, sparking speculation within the #CryptoIndustry . In December 2023, #Cointelegraph reported that Google’s crypto and related ads policy will be revised on Jan. 29, to allow ads from “advertisers offering cryptocurrency coin targeting the United States.”.

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"𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐒𝐞𝐧𝐬𝐢𝐭𝐢𝐯𝐢𝐭𝐲 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲: 𝐕𝐢𝐭𝐚𝐥𝐢𝐤 𝐁𝐮𝐭𝐞𝐫𝐢𝐧'𝐬 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬"

Vitalik Buterin stresses the need for cultural awareness in the crypto world. He points out how words can have different meanings across cultures, like 'DAO' being seen as 'project'. This highlights the importance of clear communication and understanding linguistic nuances in this evolving industry.

#CryptocurrencyCulture
#VitalikButerin
#LanguageNuances
#ClearCommunication
#CryptoIndustry

Fred Thiel, CEO of Marathon Digital Holdings, has revealed plans to acquire a competing Bitcoin mining company and related infrastructure within the next two years. Thiel highlighted significant business expansion plans for 2024 and 2025, suggesting industry integration is likely. He also expressed optimism that the approval of a Bitcoin spot ETF could boost overall demand for cryptocurrencies, benefiting mining companies. 💼🪙📈 #Bitcoin2024 #Mining #CryptoIndustry

💼 Coinbase CEO, Brian Armstrong, on Going Public in 2021: "A Difficult Choice, but the Right Approach" 📈🇺🇸 Armstrong emphasizes transparency and trust, highlighting the opportunity for a new chapter in cryptocurrency growth within the United States, adhering to American law. #coinbase #CryptoIndustry 🌐💡

🚀💥 Binance CEO Predicts 2024 as a "Turning Point" – 3 Reasons WhyBinance CEO Richard Teng highlights 2024 as a crucial year for the crypto industry. Here’s why:🔸 **Robust User Growth 📈** - Teng notes a strong upward trend in user growth. - Binance now boasts over 200 million registered users. - A 12.5% increase in monthly active users from February to May.🔸 **Enhanced Legal Framework ⚖️** - Greater legal clarity has boosted mainstream acceptance. - The introduction of Bitcoin exchange-traded funds (ETFs) marks significant progress.🔸 **Rising Adoption by Institutions and Individuals 📊** - Both individual and institutional participation in crypto is on the rise. - Teng predicts a $42 billion increase in the value of customer assets on Binance in 2024.### 📝 Key Developments🔹 **Post-Fine Adjustments:** - Following a $4 billion fine, Binance is now overseen by Sullivan & Cromwell and Forensic Risk Alliance. - Binance’s headquarters location is still being negotiated with multiple countries.Richard Teng’s insights suggest a transformative year ahead for the crypto market. Stay informed for more updates!#Binance #Crypto2024 #RichardTeng #CryptoIndustry 👉 **Follow + Like + Comment + Share**