Der Bitcoin-Kurs steigt in den letzten 24 Stunden über 5 %. Gier kehrt in den Markt zurück. Dennoch sehen Analysten einen intakten Bullenmarkt mit weiterem Kurspotenzial.
Vancouver mayor proposes Bitcoin as city reserve asset for stability
- Vancouver Mayor Ken Sim proposes Bitcoin as a reserve asset to protect purchasing power.
- Jeff Booth supports Ken Sim’s proposal, recognizing Bitcoin’s potential as a strategic asset.
- Former USA CFTC Chairman Giancarlo advocates for Bitcoin reserves, likening it to gold.
Vancouver Mayor Ken Sim has introduced a bold proposal to explore Bitcoin as a reserve asset for the city, aiming to diversify its financial resources and safeguard its purchasing power.
The motion, titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city,” is scheduled to be officially presented to the Vancouver City Council on December 11, 2024. The proposal marks a significant shift toward cryptocurrency adoption by a major city government.
Protecting Vancouver from economic shocks using Bitcoin
In his motion, Mayor Sim seeks to investigate how Bitcoin could help protect Vancouver from economic volatility and inflation by adding it to the city’s reserves.
It comes amid growing interest in Bitcoin as a reserve asset at the government level, particularly in the United States. Several US lawmakers have recently proposed holding Bitcoin in public financial reserves, highlighting the increasing consideration of cryptocurrency in national economic strategies.
Although the full text of the proposal has not yet been made available, Bitcoin advocate Jeff Booth voiced support for Mayor Sim’s plan during a discussion on X Spaces on November 26, 2024. Booth described the motion as an important step in recognizing Bitcoin’s potential as a strategic financial asset for the city.
Former CFTC chairman supports a Bitcoin reserve in the USA
Meanwhile, Christopher Giancarlo, the former Chairman of the US Commodity Futures Trading Commission (CFTC), has been vocal about the potential for Bitcoin as a strategic reserve asset for the US.
In a recent interview, Giancarlo referred to Bitcoin as the “world’s first digital commodity,” noting its similarities to traditional commodities such as gold, oil, and copper, which nations have historically hoarded. He praised the idea of a national Bitcoin reserve, emphasizing its potential to provide long-term financial stability in an increasingly digital economy.
Giancarlo also acknowledged concerns about Bitcoin’s speculative nature but drew parallels to the dot-com bubble, where early-stage speculation gave way to technological breakthroughs that revolutionized industries. He believes the same evolution could occur with blockchain and Bitcoin technology, making it a forward-looking move for governments and financial institutions.
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Arbitrum launches $1M Trailblazer AI Grant Program to boost AI innovation
- Arbitrum launches a $1M Trailblazer AI Grant to support AI innovation on-chain.
- Grants of up to $10,000 are available for AI projects integrated with Arbitrum.
- The program fosters creativity with mentorship and access to Arbitrum’s community.
Arbitrum Foundation has unveiled the $1 million Trailblazer AI Grant Program, designed to fuel innovation and support developers building cutting-edge artificial intelligence (AI) agents and on-chain AI products on the Arbitrum network.
With this initiative, Arbitrum seeks to further solidify its position as the go-to platform for AI builders, offering low fees, high throughput, and low latency as key advantages for deploying AI solutions.
The Arbitrum Trailblazer AI Grant program
The program will award grants of up to $10,000 per project, with a focus on AI agents that are already integrated with Arbitrum’s decentralized infrastructure.
To be eligible, projects must demonstrate creativity, innovation, and impact, with the potential to drive user engagement, and ecosystem growth, and bring novel AI concepts to life.
The initiative encourages builders from a range of backgrounds—whether creating groundbreaking ideas or working with existing projects—to apply for the funding and mentorship opportunities available.
The Trailblazer AI Grant aims to onboard thousands of AI applications and agents, with a broad focus on diverse use cases.
Among the examples highlighted by Arbitrum are creative agents capable of generating art via Rust contracts on Stylus, self-upgrading agents, sophisticated trading bots that execute complex token trades, and strategic DeFi agents that devise multi-step DeFi strategies.
Other possibilities include community-engagement agents for DAO delegates or PvE gaming communities, as well as collaborative agents that delegate tasks to other agents in swarms.
The program not only provides financial support but also offers mentorship from industry experts, fostering a collaborative environment within the growing Arbitrum ecosystem.
Selected projects will have the opportunity to showcase their work to a global audience and benefit from the network’s vibrant community of developers and innovators.
By launching the Trailblazer AI Grant Program, Arbitrum continues to empower developers to explore the full potential of AI, ensuring the network remains a key player in the rapidly evolving landscape of AI innovation.
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Toncoin Price Prediction: Can a Rally to $10 Push it Back to the Top 10 Coins? Big Money Investors Ramp Up TON and RXS Crypto Accumulation
Toncoin looks set to rebound from its recent woes. It rose 20% in the past month and is trading above $6 for the first time in months. This surge comes at the back of increased whale accumulation and an overall bullish market. Analysts speculate a potential rally to $10, but can it go into the top ten cryptocurrencies? Meanwhile, big-money investors are jumping on Rexas Finance (RXS), a fast-developing altcoin in the presale stage. Could this be an excellent opportunity to secure a profitable investment?
Can Toncoin Break into the Top Ten?
Toncoin, ranked 14th with a $15.3 billion market cap, shows potential for an impending rally to $10. Its 20% monthly gain results from rising usage, strategic listings, and growing investor trust. However, the token is about $17 billion away from the top ten. While gaining that spot looks like a lofty goal, experts believe it is achievable.
But first, Toncoin needs to achieve the $10 milestone. Trading at $6.16 as of this writing, several bullish factors might drive the coin’s price toward its target. First, Toncoin’s partnership with Telegram assures a built-in user base and ecosystem, resulting in a heavily utilized Layer 1 blockchain. Recent expansions into other locations, particularly South Korea and the United States, have increased its utility and exposure. Second, Toncoin’s derivatives trading volume has increased, indicating greater engagement from big money investors.
With a Relative Strength Index (RSI) of 71, the asset is reaching overbought territory, but strong bullish activity might keep it moving upward toward $10. Finally, market mood and technical patterns point to more advances. If Toncoin overcomes major resistance at $7, $9, and $10, it may be able to break into the top 10—however, problems like increased volatility and overbought circumstances may hinder its progress.
Rexas Finance (RXS): Big Money Investors Are Pushing RXS Presale to the Final Stages
As Toncoin competes for a slot in the top ten, some big-money investors are accumulating RXS, driving the ongoing presale to its final stages. Currently, in Stage 7 of its presale, RXS has raised $14.3 million by selling over 223 million tokens. Its deliberate decision to forego venture capital funding has resulted in a devoted, decentralized network of investors.
Rexas Finance specializes in real-world asset (RWA) tokenization, a pioneering concept that allows fractional ownership of previously illiquid assets such as real estate, commodities, and art. This democratizes investing opportunities by giving regular investors access to high-value marketplaces.
What distinguishes Rexas Finance is its emphasis on lowering transaction barriers and expenses. Long-term investors like the platform’s incorporation of blockchain and smart contracts, which provide safe, open, and fast transactions.
RXS’ utility extends to decentralized finance, staking, and liquidity pools, assuring consistent rewards for holders. Its recently completed Certik auditing further proves its platform security for safe transactions. Its integration with major exchanges and new listings on CoinGecko and CoinMarketCap indicate a growing level of investor interest.
The price of RXS, which is currently at $0.09, has the potential to skyrocket, especially following its anticipated listing on at least three top exchanges. With the listing price set at $0.20 and some expert projections predicting it to reach $5 post-listing, early investors could stand to benefit exponentially.
Conclusion
Toncoin’s pursuit of the $10 milestone and a top-ten position demonstrates its growing potential, supported by strategic expansions and market excitement. It remains a formidable asset to monitor in the coming weeks. Meanwhile, Rexas Finance (RXS) provides a unique value proposition in the fast-growing DeFi market. At $0.09, RXS could be a great investment with significant upside potential. Its ongoing $1 million giveaway, which will see 20 top performers earn $50,000 each, further increases its appeal and makes now the best time to invest in Rexas Finance.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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XLM, UNI and AAVE gain double-digits as BTC reclaims $94k
- Several altcoins are recording notable gains as the crypto market braces for new upside momentum.
- This comes as Bitcoin rose slightly after the declines that saw it drop to lows of $91,000 this week.
- With BTC reclaiming the area above $94, 300, Stellar (XLM), Uniswap (UNI) and Aave (AAVE) jumped more than 11% each.
XLM, UNI and AAVE tokens surge
XLM traded at $0.5066 at the time of writing, up nearly 16% in the past 24 hours and over 103% in the past week. Per CoinGecko data, Stellar had recorded more than $4.6 billion in 24-hour volume and its market cap stood $14.9 billion.
Meanwhile, the UNI price hovered around $12.64, up 15% over the last 24 hours and 39% this past week. The Uniswap market was $7.5 billion and the trading volume stood at over $1 billion.
Decentralized finance giant Aave’s price also rode bullish momentum over the last month to trade above $198. On Wednesday, AAVE token reached intraday highs of $195 and looking to break above $200. AAVE was up 12% in the past 24 hours and 20% this past week.
Other top altcoins, including XRP, Cardano (ADA) and Avalanche (AVAX) recorded double-digit gains, with XRP looking to strengthen above $1.40.
What’s delaying the altcoin season?
While major altcoins and meme coins are recording decent gains, analysts say the altcoin season is yet to arrive. Commenting on altcoin performance during this cycle compared to Bitcoin’s rip to near $100k, CryptoQuant CEO Ki Young Ju says things are different.
“Compared to the last cycle, the nature of capital flowing into Bitcoin has shifted. The current Bitcoin rally is primarily driven by demand from institutional investors and spot ETFs. Unlike crypto exchange users, institutional investors and ETF buyers have no intention of rotating their assets from Bitcoin to altcoins. Moreover, as they operate outside of crypto exchanges, asset rotation becomes inherently less feasible,” the analyst posted on X.
The outlook is more accurate for small cap altcoins, which might not attract institutional investors through ETFs or other investment vehicles.
“Minor altcoins still rely on crypto exchange users to buy them,” Young Ju opined.
This is what is delaying the alt season, the CryptoQuant CEO noted. It points to reduced influx of fresh capital from new exchange users.
Young Ju added:
“If Bitcoin retail FOMO reignites, exchange user activity might increase, potentially setting the stage for an altcoin season. However, Bitcoin’s future growth is expected to come from ETFs, institutions, and maybe govts, rather than retail traders on crypto exchanges.”
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