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- šØ Web3 Revolution: Uncover the Game-Changing Crypto Trends You Need to Know!
šØ Web3 Revolution: Uncover the Game-Changing Crypto Trends You Need to Know!
CoinGape Media
January 23, 2025
News
American entrepreneur and billionaire Elon Musk recently slammed OpenAI CEO Sam Altman in light of the AI giantās latest for-profit chronicles. Notably, the Tesla & SpaceX CEO has called Altman āa liarā as he looks to acquire 7% equity in the AI firm amid its shift from a non-profit entity. Meanwhile, with recent reports revealing that the AI firm also funded the anti-Trump media house Axios, the AI giant remains under severe scrutiny.
In a recent development, BlackRockās CEO Larry Fink has called on the US Securities and Exchange Commission (SEC) to approve the tokenization of bonds and stocks. He further explained how this move would make things easier for investors.
Morgan Stanley CEO Ted Pick announced the bankās intention to collaborate with U.S. regulators to evaluate its ability to deepen its involvement in cryptocurrency markets. Speaking at the World Economic Forum in Davos, Switzerland, Pick explained that the bank is assessing whether a highly regulated financial institution like Morgan Stanley can act as a transactor in this emerging asset class.
News
$TRUMP and $MELANIA turn investors into millionaires, while $PEPETOās innovative ecosystem and explosive presale gains make it the next big meme coin!
Markets
In a riveting turn of events, the broader crypto landscape appears to have encountered significant volatility once again. Notably, Bitcoin (BTC) price reversed recent gains, slipping back to the $102K price level on Thursday, whilst other top cryptos mainly followed with a waning movement. Further, renowned meme coins Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Official Trump (TRUMP), among others, have also witnessed a slumping intraday action. Moreover, the global crypto market cap dropped nearly 3% from yesterday, reaching $4.54 trillion. Traders also appear to be cautious amid the recent volatility, as indicated by a 28.65% decrease in the global cryptocurrency market volume. So, letās closely gauge in on some of the most renowned cryptocurrencies and how they are delivering across the market today.
The Ethereum Foundationās recent ETH sales and defense of these actions have sparked intense debate within the crypto community. Critics and supporters of Ether argue that these sales are stifling Ethereumās price momentum and recovery while the rest of the crypto market shoots higher. ETH has been struggling to reclaim its 2021 all-time high of $4,870 and currently trades between $3,200 and $3,400. Investors question how the foundationās actions might influence its future trajectory if they halt these sales. Could this decision trigger a rally? If so, how high can the Ethereum price go?
After nearing $110k a few days back, Bitcoin (BTC) price witnessed a major correction. The latest setback pushed the king coin down by over 2.6% in the last 24 hours. Bitcoin price is currently resting near $102k, and a further plummet might result in BTC slipping under $100k again.
š 2024 at a Glance in Web3 š
The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.