Singapore is stepping up efforts to become a leader in digital assets in 2024, while Hong Kong is struggling in the race to attract cryptocurrencies, reports

Bloomberg, Singapore has issued 13 #cryptocurrency licenses to various businesses in 2024. These include large companies such as OKX and Upbit, as well as global companies such as Anchorage, #BitGo and GSR. This is a significant spike, more than double the number of licenses issued in the previous year. Hong Kong, on the other hand, has been slow to develop a similar licensing program,
Both cities are trying to attract digital asset companies by offering favorable terms, #tokenization initiatives and regulatory sandboxes. Authorities in both cities see #cryptocurrencies as a way to cement their status as global business centers. However, progress has been uneven, and Angela Ang, senior policy advisor at TRM Labs, explains that Hong Kong's regulations are stricter in areas such as custody of client assets and tokenization policies, which may have helped attract Singapore.
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#DigitalCurrency

The world is evolving, and so is the way we invest. 🌍 In the past decade, cryptocurrency has transformed from a niche concept to a mainstream financial revolution. But the question is: Are you getting in on the action? 💸

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🔑 Global Growth: With crypto adoption growing worldwide, the market has never been more promising. Bitcoin, Ethereum, and many altcoins are not just fluctuating assets—they’re part of the future.
$BTC
$ETH
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📈 High Returns, Big Opportunities: From meme coins to established cryptos, high returns are possible in the crypto space. Early adopters have seen life-changing profits, and now it’s YOUR turn.

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🔮 The future is digital. From decentralized finance (DeFi) to NFTs and Blockchain technology, crypto is shaping the world’s economy. Whether it’s Bitcoin, Ethereum, or other promising altcoins, the time to start investing is now.

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1️⃣ Research the top coins like Bitcoin (BTC) and Ethereum (ETH).
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#CryptoInvesting #FutureOfFinance #DigitalCurrency #CryptoForTheFuture #CryptoOpportunities

Arthur Hayes sends $8.47 million worth of ENA to Binance after a huge jump: Lookonchain - The Daily Hodl

BitMEX co-founder Arthur Hayes has sent millions of dollars worth of #altcoins to #cryptocurrency exchange #Binance According to Lookonchain, Mr. Hayes sent more than $8.47 million worth of Ethena (ENA) altcoins to Binance, presumably to be sold on the open market.
"Arthur Hayes Mr. Hayes previously accumulated 16.79 million ENA ($11.21 million) between November 26 and 28 at $0.67, making a profit of $7.7 million at current prices. According to Arkham's Line_Break blockchain de-anonymization service, Hayes sent another 2.42 million ENA to another wallet containing more than $11 million in cryptocurrency, according to Arkham's Line_Break blockchain de-anonymization service. Arkham notes that the recipient's wallet may also belong to Hayes, but the company is not 100 percent sure.
In a recent essay, Hayes said the cryptocurrency market could be at risk of a "terrible" correction after the inauguration of President-elect Donald Trump.
"People are getting impatient because they are desperate. Trump is a shrewd politician and he knows his base of support. That's why I'm betting on a significant devaluation of the dollar against gold within the first 100 days of his administration. This is an easy way to quickly make US manufacturing costs internationally competitive. It will lead to an immediate reorganization of manufacturing facilities, which will lead to higher wages for workers today, not five years from now.
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#CryptoAdoption #DigitalCurrency

Video hosting platform Rumble (Nasdaq: RUM) announced a strategic partnership with Tether (USDT) to raise $775 million from the stablecoin issuer. As part of the investment, Tether will purchase 133.33 million Class A shares of Rumble at a price of $7.50 per share.

Rumble will use $250 million of the proceeds to expand its business. The remaining funds will be used for a private placement in which shareholders can sell up to 70 million shares of Class A common stock at $7.50 per share.
Rumble Chairman and CEO Chris Pawlowski will retain control of the company after selling up to 10 million shares in the tender offer. The company will. The company's board of directors and management structure will remain unchanged. #Tether will hold only a minority stake and will not have a seat on the board.
Both companies emphasize their shared commitment to #decentralization , transparency and free speech. Tether sees the investment as a way to support Rumble's mission to provide an independent, uncensored media platform. way to support the company's mission. In addition to the financial investment, Tether will partner with Rumble on advertising, cloud services and #cryptocurrency payment solutions.
The transaction is expected to close in early 2025, subject to regulatory approval, including antitrust review under the Hart-Scott-Rodino Act. Financial advisors include Cantor Fitzgerald and Oppenheimer, as well as McDermott Will and Emery, advisors to Tether.
Pawlowski said:
First of all. Many people may not realize that the cryptocurrency community and the free speech community have incredibly close ties based on a passion for freedom, transparency and decentralization.
second, the immediate allocation of $250 million in cash to our balance sheet not only confirms the level of support and commitment to the collaboration between the two companies, but also drives our growth initiatives.
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#DigitalCurrency #TokenEconomy

Another major cryptocurrency company buys bitcoin for about $100 million

Hut 8, a well-known #bitcoin #mining company, has made a major investment by buying 990 bitcoins worth about $100 million
The purchase, with an average price per coin of 101,710, has significantly increased the company's bitcoin holding of over 10,000 BTC worth about $1 billion. With this strategic move, Hut 8 has become one of the top 10 largest bitcoin holdings of institutional investors.
the Miami-based company is not just utilizing its growing bitcoin holdings for storage, but also employing various financial strategies, including options and other derivatives, to generate profits. Asher Genuth, CEO of Hut 8, explained that large holdings will not only strengthen the company's financial position, but also lower its cost of capital. He hinted at future acquisitions if market conditions prove favorable for further acquisitions.
This move follows the launch of Hut 8's $500 million equity program to support bitcoin purchases and other strategic investments. The mining industry is following a similar strategy, with companies such as Riot Platforms and MARA Holdings adding bitcoin to their balance sheets.
Hut 8's approach reflects a growing trend in the mining sector. Bitcoin is no longer seen simply as a commodity to be mined, but as a versatile financial asset that can support a range of strategies to enhance returns Genoot believes that their bitcoin stocks offer not just potential price appreciation, but sustainable returns. They noted that they are part of a broader financial ecosystem designed to generate
SHARE: El Salvador recently added $1 million in bitcoins to its strategic bitcoin reserve, just one day after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF).
U. S.
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#DigitalCurrency #BlockchainFuture #transscreen.ru

According to Binance, 16% of respondents said they own meme coins, making them the most traded cryptocurrency among participants.

The report emphasizes that these digital assets are not only widespread, but are also generating a lot of interest among users about their future potential in the #cryptocurrency space; bitcoin follows with 14.4 percent of initial cryptocurrency ownership, while BNB is in third place with 14.23 percent ownership. Ethereum (ETH), which accounts for 10.95% of user ownership. The other top-ranked tokens together account for 10.38% of user wallets.
the exchange does not publish the value of its assets, but external data from CoinGecko shows that the total #meme coin market is $116.5 billion, with the largest Dogecoin (DOGE) ) trading at $BTC Meanwhile, bitcoin's market value has surpassed $2 trillion and is currently trading at $101,900, having reached an all-time high of $108,000 on Dec. 17.
According to the #Binance survey, 2025 also revealed participants' expectations for the crypto industry in 2025.19. 39% of respondents expect increased regulatory oversight, while 16.1% expect increased participation from traditional financial institutions and institutional investors. Another 16.51% expect blockchain technology to become more practical.
New asset categories are also generating buzz, with artificial intelligence (AI) tokens predicted to dominate the market next year. 23.89% of respondents believe such cryptocurrencies will lead market growth by the end of 2025, while 19.09% expect meme coins to continue to dominate. They are followed by decentralized finance (DeFi) at 12.37 % and tier-1 tokens at 12.28 %.
The survey also saw an influx of people into the cryptocurrency sector, with around 45 % of respondents saying they will enter the market in 2024. Of these, 24.52% entered the market within the last six months and 20.60% within the last year.
Despite the increase in new entrants, 41.
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#DigitalCurrency #MarketInsights

In this article:Trump wants Congress to repeal the debt ceiling, saying it is a useless and purely psychological measure.

The U. S. national debt is $36 trillion and will cost $882 billion this year in interest payments alone.
President Trump condemned the recent funding agreement. He condemned it and criticized the Republican leadership for being a "trap for the Democrats.
President Donald Trump called on Congress to completely repeal the U. S. debt ceiling, calling it a meaningless psychological tool that serves no practical purpose.
President Trump, in a recent #interview , said he is ready to "lead the movement" if lawmakers agree to repeal the borrowing limit, which limits the amount of money the federal government can borrow to pay its bills.
Democrats want to repeal it. If they want to repeal it, I will lead that initiative, Trump said. He called the debt ceiling an outdated concept and said even experts aren't sure whether breaking the ceiling would lead to disaster or be insignificant.
"It doesn't mean anything, except psychologically.
President Trump called the bipartisan agreement to end the government shutdown a "trap for Democrats.
Calling it a "Democrat trap, he lashed out at House Speaker Mike Johnson, calling it an "unacceptable solution" and criticizing the ongoing negotiations.
the U. S. is facing an unprecedented national debt crisis: as of December 2024, the total federal debt will exceed $36 trillion. The national debt is $29 trillion, equivalent to 99% of gross domestic product (GDP). The debt-to-GDP ratio is projected to exceed 100% by 2025 and reach 172% by 2054 if nothing changes.
This year alone, interest payments on the debt #rose 34% to $882 billion, which is more than the federal government spends on defense, Medicaid, and children's programs. The federal government spends more than that on defense, Medicaid and children's programs. Meanwhile, the federal government's annual budget deficit is $ 1.

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#DigitalCurrency #BlockchainFuture #CryptoTrends

A cryptocurrency trader managed to make around $8.36 million in less than 20 minutes on the airdrop of a unique native token ("NFT") of the recently popular Pudgy Penguins project.

the Lookonchain data analytics service. According to the trader, he spent 23,742 SOL to buy 239.6 million PENGU tokens shortly after launch, betting $5.36 million that the recently launched #cryptocurrency would grow.
PENGU tokens are issued to holders of Pudgy Penguins 'NFT-' were issued by the company and at launch their price soared from around $0.05 per #token to a high of $0.07 per token, but then those who got their hands on the tokens started selling them en masse. Since then, the cryptocurrency has plummeted and is currently trading at $0.031 per token.
However, PENGU's market capitalization is currently around $1.93 billion, putting it among the top 100 digital assets. At launch, the token was listed on various major cryptocurrency trading platforms, including Binance, Bybit, OKX and Bitget.
A total of 23.5% of PENGU shares were distributed via airdrop, while another 22% of Solana and Ethereum shares were distributed to the community. In addition, 12.3% of the offering is used as liquidity on decentralized exchanges.
Before PENGU's launch, the minimum price for Pudgy Penguin ''NFT-'' increased significantly.
At one point, the minimum price for the FT- collection was 34.1 ETH (approx. 135,000). Since then, the price of
FT- has dropped by over 52%, and traders seem to be dumping their
FT-, as the cheapest
FT- in the collection is currently priced at 15.75 ETH (approx. $ 62,400).
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#CryptoUpdates #DigitalCurrency #CompassInvestments

According to data from analytics platform Santiment, Ethereum is experiencing the highest level of network growth since April, while its price is struggling to return to the $4,000 mark. Specifically, 130,200 new ETH wallets were created per day in December, the highest number since April.

This surge in new wallets indicates a renewed interest in #Ethereum that has not been seen in recent months.
Mr. Santiment In a recent tweet, Line_Break Santiment wrote, Ethereum is hitting an eight-month high in new wallet creation, averaging 130,200 new addresses on the network every day in December, signaling a resurgence of interest in #ETH not seen since April. '
the SHIB burn rate jumped to 515.33% - will prices follow? '
Ethereum prices are steadily rising, and the current rise has brought them close to the $4000 mark.
the #cryptocurrency market rose on Wednesday, and Ethereum also followed suit and recovered from a low of $3564. Earlier in the week, Ethereum fell for the second straight day, hitting a low of $3,501 in Monday's trading session.
at the time of writing, ETH has fallen 1.14 percent to $3,867 in the past 24 hours after hitting an intraday high of $3,945. Ethereum's growth has stalled over the past two days, failing to overcome key resistance at $ 4,000.
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#BlockchainFuture #DigitalCurrency

The double bottom chart pattern makes $0.47 a key breakout level.

Online activity is on the rise: the number of new addresses increased by 102.4% and trading is not stopping.
#Dogecoin [DOGE], forms a convincing double bottom chart pattern, which is often a harbinger of bullish momentum, and is a hot topic of discussion. At the time of publishing, Dogecoin was trading at $0.4043, reflecting a 2.68% drop over the past 24 hours.
However, the recent surge in online activity and strong technical indicators suggest that trader and investor interest is growing and a breakout is imminent.
#DOGE Chart Prediction: Will the $0.47 level be broken?
The double bottom pattern shows a solid support level at $0.37, while the $0.47 resistance line indicates that Dogecoin
So, a break above this resistance will confirm the bullish bias and may lead to a rally above $0.50. Traders are keeping a close eye on this level, and Dogecoin's short-term momentum depends on whether it can break out decisively.
additionally, Dogecoin's on-chain indicators show a sharp increase in online activity. Over the past week, the number of new addresses increased by 102.4% and the number of active addresses increased by 111.32%.
these spikes indicate an influx of new participants into the Dogecoin ecosystem and an increase in activity among existing users.
In addition, the new Zero Balance Addresses, an indicator of wallet creation, increased by a staggering 155.33%, once again confirming Dogecoin's growing popularity. Over the past seven days, an average of 715,859 transactions were made on the network, and the peak was 856,759.
Such stable activity emphasizes the token's usefulness and demand and adds new support to the growing bullish sentiment around Dogecoin.
Moreover, market sentiment seems to support the bullish outlook. Over the past 24 hours, 1.42 million long positions were liquidated compared to 0.

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#GlobalCrypto #TokenEconomy #DigitalCurrency

Wyoming is pioneering a revolutionary initiative by launching its own dollar-pegged stablecoin, Wyoming Stablecoin, in Q1 2025 ¹. This groundbreaking project aims to facilitate crypto payments within the state, further solidifying Wyoming's position as a digital asset hub.
A Leader in Digital Asset Regulation
Since 2018, Wyoming has proactively passed over 30 laws supporting the digital asset industry, demonstrating its commitment to innovation and growth ¹. This forward-thinking approach has established Wyoming as a pioneer in embracing blockchain technology and digital currencies.
Key Features of Wyoming Stablecoin
- Dollar-Pegged: Wyoming Stablecoin will be pegged 1:1 to the US dollar, ensuring stability and reliability.
- State-Backed: The stablecoin will be issued and backed by the state of Wyoming, providing an additional layer of security and trust.
- Compliance: The project prioritizes regulatory compliance, aligning with federal guidelines and standards.
Impact and Opportunities
- Enhanced Payment Efficiency: Wyoming Stablecoin will streamline crypto payments, promoting adoption and convenience.
- Economic Growth: This initiative is expected to attract businesses, investments, and talent, further boosting Wyoming's economy.
- National Precedent: Wyoming's innovative approach may inspire other states to explore similar digital asset initiatives.
Challenges and Considerations
- Federal Reserve Relations: The project's impact on federal monetary policies and potential conflicts with the Federal Reserve require careful consideration.
- Private Sector Collaboration: Effective partnerships with private stablecoin issuers and industry players are crucial for success.
Conclusion
Wyoming Stablecoin represents a significant milestone in the evolution of digital payments and blockchain adoption. By launching its own stablecoin, Wyoming demonstrates its commitment to innovation, economic growth, and regulatory compliance. As the project unfolds, it will be exciting to witness the impact on the digital asset landscape and the potential for nationwide adoption.

#stablecoin #digitalcurrency #DOGSONBINANCE #TelegramCEO

$BTC Bitcoin in 2024: Trends and Outlook

As we step into 2024, Bitcoin remains a dominant force in the cryptocurrency world, continuing its evolution as both a digital asset and a financial tool. Over the years, Bitcoin has transformed from a niche interest into a mainstream investment vehicle, and 2024 is set to witness further developments in its journey.

One of the most significant events in the Bitcoin ecosystem this year is the anticipated halving event. Occurring every four years, Bitcoin halving reduces the block reward miners receive, cutting it in half. This event typically drives scarcity, reducing the supply of new bitcoins entering circulation, often leading to upward pressure on prices. Investors and enthusiasts are closely monitoring this event, with many expecting it to influence the market's dynamics.

Institutional adoption continues to rise in 2024, with major financial institutions incorporating Bitcoin into their portfolios. From Bitcoin ETFs to hedge funds holding significant positions, the involvement of traditional finance has lent credibility to the digital currency. This trend is likely to persist as regulatory frameworks become clearer across major economies, particularly in the U.S. and Europe.

The use of Bitcoin for everyday transactions is also growing steadily. Lightning Network, a second-layer solution, has improved Bitcoin’s scalability, allowing faster and cheaper transactions. This technological advancement is crucial for Bitcoin’s potential as a medium of exchange, beyond just a store of value.

Challenges remain, however, particularly around regulatory concerns. Governments worldwide are grappling with how to regulate Bitcoin while balancing innovation with consumer protection. As central banks explore their own digital currencies (CBDCs), Bitcoin’s role in the financial landscape may face new competitive pressures.

In summary, Bitcoin in 2024 is poised for continued growth, driven by halving dynamics, institutional adoption, and technological advancements. However, regulatory developments and competition from CBDCs will shape its trajectory in the years to come.
#bitcoin #btc #bitcointrend #digitalcurrency