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Blocklore Weekly: Bitcoin, AI Coins & Memes - Crypto Market in Limbo, What's Next?

Blocklore Weekly: Bitcoin, AI Coins & Memes - Crypto Market in Limbo, What's Next?

The cryptocurrency market is currently in a period of consolidation, with Bitcoin fluctuating between $100,000 and $110,000 after a brief dip to $98,000. This sideways movement has left many investors wondering if a multi-month period of choppy trading lies ahead. Market sentiment remains complex, influenced by factors

CryptoQuant: Stablecoin Growth Fuels Prediction of Next Big Crypto Bull Run

CryptoQuant: Stablecoin Growth Fuels Prediction of Next Big Crypto Bull Run

The cryptocurrency market could be on the verge of another major rally, driven by a significant expansion in the circulating supply of stablecoins, according to a new report from CryptoQuant. The report highlights a surge in stablecoin liquidity, a key indicator often associated with sustained gains in the crypto market.

Ethereum Geth Update "Schwarzschild" Released: Fixes Critical Security Vulnerability

Ethereum Geth Update "Schwarzschild" Released: Fixes Critical Security Vulnerability

The team behind Geth, the most widely used software client for interacting with the Ethereum blockchain, has released an emergency update dubbed "Schwarzschild" (version 1.14.13). This critical update addresses a vulnerability in Geth's peer-to-peer (p2p) layer that could have allowed attackers to launch denial-of-service

Tether Reports $13 Billion Profit in 2024, Driven by Bitcoin and Gold Investments

Tether Reports $13 Billion Profit in 2024, Driven by Bitcoin and Gold Investments

Tether, the cryptocurrency firm behind the largest stablecoin USDT, announced a record-breaking year with a group-wide net profit of $13 billion in 2024. This substantial profit surge is attributed to the company’s significant investments in U.S. Treasuries, gold, and Bitcoin. Financial Performance and Profit Sources According to Tether’

Grayscale Launches Dogecoin Trust to Provide Institutional Investors Access to Memecoin

Grayscale Launches Dogecoin Trust to Provide Institutional Investors Access to Memecoin

Grayscale, a leading digital asset manager, announced on Friday the launch of its new Dogecoin Trust, offering investors exposure to the popular cryptocurrency Dogecoin (DOGEUSD). This initiative aims to attract institutional capital to Dogecoin, the world’s largest memecoin, which has experienced significant growth over the past year. Dogecoin represents

Cipher Mining Secures $50 Million Investment from SoftBank’s Stargate AI Initiative

Cipher Mining Secures $50 Million Investment from SoftBank’s Stargate AI Initiative

Cipher Mining, a prominent bitcoin mining company, has announced a significant $50 million investment from SoftBank, a Japanese multinational conglomerate with a valuation of $300 billion. This investment involves SoftBank acquiring approximately 10.4 million shares of Cipher Mining’s common stock, marking a strategic move to bolster the company’

Purpose Investments Seeks Approval to Launch World’s First Spot XRP ETF

Purpose Investments Seeks Approval to Launch World’s First Spot XRP ETF

Purpose Investments, the Toronto-based firm renowned for launching the world’s first spot Bitcoin ETF, has filed with Canada’s securities regulator to introduce the Purpose Ripple ETF. This proposed exchange-traded fund (ETF) aims to be the first of its kind to hold XRP directly, pending regulatory approval. Managing over

XRP Ledger Implements Clawback Feature to Enhance Ripple’s RLUSD Trading

XRP Ledger Implements Clawback Feature to Enhance Ripple’s RLUSD Trading

The XRP Ledger has introduced a significant update with the activation of a clawback amendment, following a validator vote where over 90% supported the change. This development allows Ripple’s dollar-pegged stablecoin, RLUSD, to be freely traded and exchanged directly on the XRP Ledger’s decentralized exchange (DEX), thereby increasing

Global Crypto Landscape Shifts: Central Banks, Bitcoin Reserves & Ethereum's Future

Global Crypto Landscape Shifts: Central Banks, Bitcoin Reserves & Ethereum's Future

European Central Bank President Christine Lagarde has firmly dismissed the possibility of Eurozone central banks holding Bitcoin as a reserve asset, citing concerns about liquidity, security, and potential links to illicit activities. "There is a view around the table of the Governing Council that reserves have to be liquid,

Bitcoin's Performance Linked to Small Tech Stocks, JPMorgan Study Finds

Bitcoin's Performance Linked to Small Tech Stocks, JPMorgan Study Finds

While the relationship between cryptocurrency and the stock market is often discussed, a new analysis from JPMorgan sheds light on a specific connection: Bitcoin's strong correlation with small-cap tech stocks. This finding, revealed in a report released on Wednesday, suggests that Bitcoin's price movements are more

Apollo, Securitize Launch Tokenized Credit Fund Across Several Blockchains

Apollo, Securitize Launch Tokenized Credit Fund Across Several Blockchains

Apollo Global Management, one of the world's largest financial firms, is partnering with blockchain firm Securitize to bring tokenized investment opportunities to a wider audience. Their first collaboration, announced on Thursday, offers access to the Apollo Diversified Credit Fund through tokenization, initially available on six major blockchains: Aptos,

Tesla's Bitcoin Bet: New Accounting Rules Reveal $600M Gain in Fourth Quarter

Tesla's Bitcoin Bet: New Accounting Rules Reveal $600M Gain in Fourth Quarter

New accounting rules are giving a clearer picture of the financial impact of Tesla's Bitcoin holdings. The electric vehicle maker, led by Elon Musk, reported a $600 million paper gain on its Bitcoin investment in the fourth quarter of 2024, thanks to a recent update that allows companies

Trump-Branded Stores Now Accept TRUMP Memecoin for Purchases

Trump-Branded Stores Now Accept TRUMP Memecoin for Purchases

Several online marketplaces offering Donald Trump-branded merchandise have begun accepting the TRUMP memecoin as a payment option, alongside traditional methods like credit cards and Bitcoin. This development marks a significant step towards integrating cryptocurrency into mainstream commerce. Marketplaces such as GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com now allow customers

Grayscale Launches Bitcoin Miners ETF, Offering New Investment Avenue in Crypto Mining

Grayscale Launches Bitcoin Miners ETF, Offering New Investment Avenue in Crypto Mining

Grayscale Investments has unveiled its latest financial product, the Grayscale Bitcoin Miners ETF (MNRS), enabling investors to gain exposure to companies within the Bitcoin mining sector without directly purchasing digital assets. Launched in early 2025, this Exchange-Traded Fund (ETF) targets firms listed in the Indxx Bitcoin Miners Index, which comprises

Norway's Wealth Fund Holds $355M in Bitcoin via Indirect Investments

Norway's Wealth Fund Holds $355M in Bitcoin via Indirect Investments

Norway's Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund, has significantly increased its indirect exposure to Bitcoin, now holding an estimated $356.7 million worth of the cryptocurrency, according to research from K33. This substantial holding reflects the fund's growing involvement

What is Uniswap (UNI) and How Does it Work?

What is Uniswap (UNI) and How Does it Work?

November 2018 marked the launch of Uniswap, a pioneering decentralized finance (DeFi) platform that has since become a cornerstone of the cryptocurrency trading ecosystem. As one of the earliest DeFi applications to gain substantial traction on the Ethereum blockchain, Uniswap has maintained its prominence despite the emergence of competitors like

Aave: Revolutionizing Crypto Lending and Borrowing in DeFi

Aave: Revolutionizing Crypto Lending and Borrowing in DeFi

Launched in November 2017, Aave has emerged as a leading decentralized lending protocol within the rapidly expanding world of Decentralized Finance (DeFi). This innovative platform empowers users to lend and borrow cryptocurrencies, earning interest on deposits and accessing loans without traditional intermediaries like banks. Aave leverages smart contracts to automate

Federal Reserve Holds Interest Rates Steady Amid Ongoing Inflation Concerns

Federal Reserve Holds Interest Rates Steady Amid Ongoing Inflation Concerns

The U.S. Federal Reserve announced on Thursday that it is maintaining its benchmark federal funds rate within the range of 4.25% to 4.50%, marking the first pause in rate adjustments since September of last year. This decision comes as the central bank acknowledges that while the unemployment

Crypto.com to Suspend Select Stablecoin and Staking Services in Europe Due to MiCA Regulations

Crypto.com to Suspend Select Stablecoin and Staking Services in Europe Due to MiCA Regulations

Cryptocurrency exchange Crypto.com has announced it will suspend certain stablecoin and staking services in Europe starting January 31, 2025, due to the European Union's Markets in Crypto-Assets (MiCA) regulation. This move affects services related to Tether (USDT), PayPal USD, Pax Dollar, Crypto.com Staked ETH, and Crypto.

Trump Media Partners with Charles Schwab to Invest $250 Million in FinTech Venture Truth.Fi

Trump Media Partners with Charles Schwab to Invest $250 Million in FinTech Venture Truth.Fi

Trump Media and Technology Group, the company behind the social media platform Truth Social, has announced a significant expansion into the financial services sector through a strategic partnership with financial services leader Charles Schwab. This collaboration involves an investment of up to $250 million aimed at developing and launching the

AI Agent Platform ai16z Rebrands to ElizaOS

AI Agent Platform ai16z Rebrands to ElizaOS

The open-source AI agent platform ai16z has officially rebranded to ElizaOS, marking a new chapter for the rapidly growing project. The name change comes as the platform experiences significant growth and seeks to solidify its position within the blockchain and AI space. Project founder Shaw Walters announced the rebranding on

Coinbase Enhances Advisory Council with Prominent Political and Financial Leaders

Coinbase Enhances Advisory Council with Prominent Political and Financial Leaders

Coinbase, a leading cryptocurrency exchange, has bolstered its Global Advisory Council by adding four distinguished figures from the political and financial sectors. This strategic move underscores Coinbase’s commitment to navigating the evolving landscape of cryptocurrency regulation and policymaking. The newly appointed members include former Senator Kyrsten Sinema, Chris LaCivita—

Gen Z Drives Cryptocurrency Adoption Globally, Gemini Survey Reveals

Gen Z Drives Cryptocurrency Adoption Globally, Gemini Survey Reveals

A recent survey by Gemini has revealed that Gen Z is leading the charge in cryptocurrency adoption, with over half of young adults owning or having owned digital assets. The "State of Crypto" report, conducted between May and July 2024, surveyed 6,000 adults across the U.S.

Cardano Set to Achieve Full Decentralized Governance with Wednesday’s Plomin Hard Fork

Cardano Set to Achieve Full Decentralized Governance with Wednesday’s Plomin Hard Fork

Cardano, a leading proof-of-stake blockchain platform, is poised to transition to full decentralized governance this Wednesday following the implementation of the Plomin hard fork, the Cardano Foundation announced on X. The Plomin hard fork marks a significant milestone for Cardano, enabling ADA holders to exercise genuine voting power over critical

Ronin Network Set to Transform Blockchain Gaming with AI Agent Integration

Ronin Network Set to Transform Blockchain Gaming with AI Agent Integration

Get ready for a new level of immersion in blockchain gaming. Ronin, the Ethereum gaming network, is integrating AI agent technology from NRN Agents later this year, promising to transform the player experience. This collaboration will begin with a proof-of-concept demonstration in February, utilizing the fighting game AI Arena to