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Crypto projects need more visionary funding for long-term growth

It’s time to move past market hype and focus on sustainable development.

Opinion by: Kori Higgins, director of investor relations and growth at the Web3 Foundation 

The euphoria that erupted in crypto markets following the outcome of the US presidential race solidified Bitcoin’s status as a mature asset class in the eyes of the global investor community. The recent market backdrop unleashed arguably the most potent crypto bull run in its 16-year history, pushing the price of Bitcoin (BTC) past the $100,000 barrier. 

The fervent activity of institutional investors further propelled Bitcoin’s recent price rally. While most in Web3 welcome the inflow of institutional money into crypto, the level at which these investors will drive innovations forward and support true breakthroughs in Web3 technology is questionable. 

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Cryptocurrency investment should favor emerging markets

Crypto investment should more closely follow adoption patterns in emerging markets.

Opinion by: Ayush Ranjan, co-founder and CEO of Huddle01

Many claim Web3 is just a speculative playground because of its power to mint millionaires overnight, and because memes seemingly win out over actual utility. Long-term builders and dreamers can quickly lose faith in the industry’s future. Despite the media narratives, there are bright spots.

Blockchain and crypto are genuinely benefiting humanity, especially in emerging markets. There are fundamental societal shifts as Web3 technology helps the underserved and underbanked and combats the deficiencies in modern traditional institutions in finance and beyond. 

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Little-known Canadian crypto firm Matador adds Bitcoin to its books

Canadian-based gold tokenization firm Matador Technologies wants to diversify away from Canadian dollars and is adding Bitcoin to its balance sheet.

Canadian real-world asset tokenization firm Matador Technologies has become the latest company to incorporate Bitcoin into its treasury.

The firm said on Dec. 23 that its board of directors unanimously approved adding Bitcoin (BTC) and “USD-denominated assets” to its balance sheet as part of what it called a “long-term capital preservation strategy.”

Matador said it had identified risks associated with its current treasury primarily denominated in Canadian dollars.

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Galaxy Digital hires veteran hedge fund executive as new CFO

Tony Paquette will reportedly assume the chief financial officer position as Alex Loffe transitions into a new role.

Galaxy Digital Holdings, a financial services and investment firm, has hired former Point72 executive Tony Paquette as its new chief financial officer.

According to an announcement published on Dec. 13, Paquette is set to replace current chief financial officer Alex Loffe, who will move into a senior advisory role on Jan. 1, 2025.

The turnover comes amid a period of financial turmoil for the company and a rapidly changing regulatory environment for cryptocurrency and blockchain technology in the US. 

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MicroStrategy will eventually unravel — Bitcoin bulls should look elsewhere

MicroStrategy’s stock premium has benefited from a virtuous cycle in the bull market. It will eventually reverse course.

Opinion by: Alex O’Donnell, Senior Writer for Cointelegraph.

MicroStrategy’s multibillion-dollar Bitcoin bet has paid off spectacularly. Still, the good times won’t last. When cheap financing dries up, Microstategy’s stock price will wither. 

Copycats risk similar fates. Bitcoin (BTC)  maxis should look elsewhere.

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US Bitcoin reserve is possible to achieve but not without downsides

Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.

During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad. 

While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin (BTC) strategic reserve haven’t been hashed out by lawmakers yet. 

Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”

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Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Institutional Crypto Products See ,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Digital assets manager CoinShares says that institutional investors dropped over two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows of $2.2 billion last week. “Digital asset investment products saw further inflows of US$2.2bn last week, raising […]

The post Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares appeared first on The Daily Hodl.

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Ex-Pimco, Millennium execs set up crypto advisory business

After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Co (Pimco), are reentering the cryptocurrency space amid a major market rally.

Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.

Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.

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AI memecoin millionaire Truth Terminal has sparked an AI boom in crypto

Emerging developments in AI could provide the breakthrough that has been missing for cryptocurrencies.

It’s no secret that since 2022, nearly every industry has been exploring how to integrate artificial intelligence into their daily operations — and crypto is no exception. 

But unlike most sectors, which are concerned with how AI may benefit them, crypto asks the reverse question: How can AI leverage blockchain to unlock new potential?

One of the most exciting intersections between artificial intelligence and crypto is the rise of autonomous AI agents. These agents are now using cryptocurrencies to enhance their capabilities, and they’re rapidly gaining momentum.

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