Schlagwort: crypto market news

• iDEGEN has shifted from a dynamic presale model to a more predictable pricing model.
• The iDEGEN presale is scheduled to end on February 26, with listing expected on February 27.
• Franklin Templeton has noted the significant role AI agents could play within the crypto ecosystem.

In an exciting development for the cryptocurrency community, iDEGEN, the innovative AI-powered meme coin that has become a sensation in the crypto space, has entered its final presale stages with a listing on exchanges set for February 27th, 2025.

This move coincides with Franklin Templeton’s report highlighting the significant role AI agents could play within the crypto ecosystem.

With over $16.7 million raised through a dynamic pricing model, iDEGEN has captured the imagination of investors and meme enthusiasts alike.

iDEGEN presale shifts to a predictable pricing model

iDEGEN stands out in the crowded field of cryptocurrency projects due to its unique proposition: an AI that learns from and interacts with its community without any human moderation. Born with no knowledge or preconceptions, iDEGEN’s evolution is entirely dictated by the tweets it receives on X (formerly Twitter), where it learns, adapts, and then posts hourly.

This approach has not only garnered significant community engagement but also led to impressive presale statistics, with 1,424 million tokens sold to 19,569 holders, achieving returns of 8,991% and garnering 1.44 million impressions.

Adding to the appeal of the community-driven AI growth, iDEGEN’s presale previously employed a dynamic auction system that reflected market demand in real time, adjusting the token’s price every five minutes depending on the number of purchases made.

However, as the presale comes to an end, the pricing model has been refined into a more predictable model. The token price will now increase by 10% in each presale stage through 15 stages, with the final presale price set at $0.038. Currently, at $0.01, the price is set to jump to $0.011 in the next stage.

 

The pricing models employed by iDEGEN and the community involvement have made iDEGEN not just a token but a living experiment in decentralized AI development.

As iDEGEN prepares for its exchange listing on February 27, the project is not just a testament to the power of community-driven cryptocurrencies but also aligns with broader trends in the crypto space.

Franklin Templeton’s report shows AI could revolutionize crypto

Franklin Templeton’s report draws attention to the broader implications of AI in the crypto ecosystem. According to the report, AI agents are set to reshape industries by integrating with blockchain technologies, enabling new forms of economic interaction and content creation.

The report also highlights the growth potential, as seen in the active development communities and the enthusiasm surrounding projects like Truth Terminal, Virtuals, and ai16z, which Franklin Templeton says show similar patterns of AI integration with blockchain, potentially paving the way for what iDEGEN is attempting to achieve.

The convergence of AI with cryptocurrency, as exemplified by iDEGEN, suggests a future where digital assets could become more autonomous, interactive, and potentially more valuable due to their ability to engage directly with their community. This could lead to novel uses for tokens, beyond mere speculation, into areas like automated marketing, real-time data analysis, and personalized content creation.

With iDEGEN’s presale nearing its end and its impending listing on major exchanges, it’s clear that the project is at the forefront of this AI-crypto fusion, potentially setting a precedent for how AI can be utilized in the decentralized world of blockchain.

As we move into 2025, the implications of such projects will likely be a topic of intense discussion and development within the crypto community.

However, according to the Franklin Templeton report, there are potential challenges ahead, including functionality, market volatility, and regulatory issues which crypto AI projects will have to navigate.

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• BitMEX fined $100M for AML violations following a guilty plea in 2022.
• The US court also ordered a two-year probation for the exchange.

The operator of BitMEX cryptocurrency exchange, HDR Global Trading Limited, has been ordered to pay a $100 million fine following BitMEX’s guilty plea in 2022 for violating the US Bank Secrecy Act.

Besides the fine, the sentence handed down on January 15, 2025, by Judge John Koeltl of the US District Court for the Southern District of New York, also included two years of unsupervised probation for the exchange.

The charges stem from BitMEX’s operation without a meaningful Anti-Money Laundering (AML) program.

In 2020, the CFTC charged BitMEX owners with illegally operating a cryptocurrency derivatives trading Platform and anti-money laundering violations. BitMEX introduced AML checks on the platform and pleaded guilty to the charges in 2022.

However, in early 2023, BitMEX was hit with a new lawsuit filed by BMA LLC, claiming that BitMEX had been illegally offering services to users in the US through ABS Global, which is wholly controlled and operated by HDR, despite being unregistered as a money-transmitting company.

While the court recognized this violation during the hearing, all other counts against the exchange were dismissed at the request of the US government.

In a statement to its users after the court issued the sentence, BitMEX expressed disappointment over the additional financial penalty. However, the company noted that the fine was significantly lower than what the Department of Justice had been seeking over the past three years.

The sentencing marks another chapter in the regulatory crackdown on cryptocurrency platforms. It highlights the importance of compliance with US banking laws, especially concerning anti-money laundering practices.

This case serves as a reminder to other crypto entities about the legal risks of non-compliance.

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• Sony launched a layer 2 network on Ethereum to create an entertainment layer on top of a Web3 finance layer.
• The network is open to all creators and will protect creator rights while ensuring equitable value distribution between creators and consumers.

Sony, the media and Entertainment giant, has launched a layer 2 network on Ethereum called Soneum through its subsidiary, Sony Block Solutions Labs. The network is intended to use Web3 tech to power a digital creator economy.

The network, built using the OP stack (a blockchain development kit from the Optimism Foundation), will use chain abstraction technologies and methods to onboard regular users to Web3 without requiring them to understand the underlying tech.

Another important touchpoint for the Head of Sony BSL, Sota Watanabe, is the protection of IP rights. Soneum is built with mechanisms in place to protect these rights.

According to an X post by Watanabe, “We are making a home for all creators inside and outside of web3. Memecoins are an important culture, which I like as well, but IP infringement is not. Let’s create meme culture not infringing IP rights!”

We are making a home for all creators inside and outside of web3. Memecoins are an important culture, which I like as well, but IP infringement is not. Let’s create meme culture not infringing IP rights!

— Sota Watanabe 💿 (@WatanabeSota) January 15, 2025

Unlike other major consumer brands whose engagement with Web3 is largely limited to NFTs, Sony is going beyond to provide an infrastructure for the next evolution of the creator economy.

Soneum also launched Spark, an incubator program that has selected 32 projects from a list of 1,700 that will debut on the new network.

While Soneum recently launched its mainnet, it logged over 14 million users during its testnet phase which lasted four months from August 2024 and logged over 50 million transactions.

The post Sony’s “Entertainment Network”, Soneum, Goes Live appeared first on CoinJournal.

In 2024, Gate, one of the world’s leading digital asset trading platforms, experienced a year of rapid growth and deep innovation. Through sharp industry insights, innovative product strategies, and a profound understanding of user needs, Gate achieved record-breaking user numbers and trading volumes while actively expanding its diversified ecosystem to drive overall platform development.

Sustained Growth in Users and Trading Volume, Securing 4th Place in Market Share

According to its public report, Gate.io’s total user base surpassed 20 million, with over 50% growth, while trading volume reached $3.8 trillion, a 120% year-on-year increase. Spot trading volume exceeded $1.8 trillion, and contract trading volume reached $2 trillion, both showing significant growth. This reflects Gate’s increasing global market penetration and the appeal of its products.

The platform launched 873 new tokens throughout the year, including 437 exclusive first listings, providing users with diverse investment options. Gate also demonstrated strong performance in various regional markets, particularly in Asia and Europe, where both trading volumes and user numbers grew significantly.

Through its Gate Startup initiative, the platform continued to introduce innovative features, distributing airdrops worth nearly $30 million, with cumulative airdrop value exceeding $120 million. Additionally, Gate Token (GT) saw nearly 300% growth in 2024, with its price reaching a historic high of $18.667 as of January 9th, 2025. These metrics highlight Gate’s robust growth momentum.

Innovative Products Leading Emerging Markets with Over $1 Billion Trading Volume

Gate continued to lead in product innovation in 2024, especially in the Memecoin sector. By launching dedicated Pilot and MemeBox, the platform attracted significant user participation in this emerging market. Since its launch, Pilot has achieved over $1 billion in trading volume, listing more than 500 Memecoin projects. Additionally, a $50 million dedicated fund was established to support the booming Memecoin market.

The platform also increased its focus on the TON ecosystem. Through collaboration with Telegram, Gate introduced the Gate Wallet Mini App and Mini App, which attracted numerous TON ecosystem users. Monthly active users for these apps exceeded 2.55 million and 1.4 million, respectively, further strengthening Gate’s influence in the Web3 and blockchain ecosystem.

Strong Momentum in Quantitative Investment with Superior Returns

Gate made notable progress in quantitative investment. The Quantitative Fund launched in April became an industry benchmark, attracting high-net-worth investors with its innovative low-risk, high-return strategy and flexible redemption mechanisms. In its first year, the fund achieved an annualized return of over 20%, outperforming the average across major platforms.

Gate’s USDT-based fund reported an annualized return of over 40%, while the BTC-based fund achieved 25%. These impressive results significantly bolstered institutional investor engagement, with spot trading volume increasing 4.4 times and contract trading volume growing 1.63 times year-on-year. Broker services also saw a 17-fold increase in trading volume, reflecting growing demand for Gate’s institutional services and professional trading systems.

Reserves Totaling $9.566 Billion: Building Trust Through Security and Compliance

In 2024, Gate excelled in reserve fund performance, providing users with a robust security framework. The platform’s total reserves reached $9.566 billion, with a reserve ratio of 123.91%, up 47.2% from the previous audit. Excess reserves hit a historic high of $1.846 billion, an increase of 68.89%, ranking second among major platforms. Reserve ratios for mainstream cryptocurrencies like Bitcoin and Ethereum stood at 124.47% and 128.52%, exceeding the industry average by 20 percentage points.

At the same time, Gate Entities has continued to strengthen its compliance framework, actively advancing regulatory efforts across multiple regions. By acquiring Coin Master, Gate Entities expanded its compliance presence in the Asian market. Through its Malta platform, it has successfully submitted a MiCA license application and further bolstered its compliance presence in Europe by acquiring the licensed institution Sheer Markets in Cyprus. Additionally, Gate Entities completed VASP registration in Argentina and is advancing compliance initiatives in key global markets, including Gibraltar, the Bahamas, Hong Kong, Singapore, and the Middle East, paving the way for future global expansion.

Financial Innovation to Meet Diverse Investment Needs: Gate Earn Surges 185%

Gate achieved remarkable milestones in financial innovation, particularly in the Gate Earn product line. Gate Earn’s daily funds surged 185%, reaching nearly $2 billion USDT. The platform added over 500,000 new users, with 205% year-on-year growth. Supporting 832 tokens, Gate offers rewards pools for USDT, BTC, ETH, and other major cryptocurrencies, with up to 30% additional returns.

With 665 projects covering a total fund scale of $18 billion, Gate continues to meet the diverse needs of its users. Innovative products like on-chain staking, dual-currency investment, and GT mining further enhance asset management flexibility and expand investment options.

Collaborating with Industry Leaders to Drive Innovation and Growth

Gate partnered with several industry leaders to advance blockchain innovation and ecosystem development. Collaborations included strategic partnerships with Elliptic and Chainalysis to enhance compliance and security, a $10 million investment in The Open Network (TON), and a $100 million Web3 innovation fund co-launched with the Abu Dhabi Blockchain Center. Other partnerships focused on accelerating development in the Move ecosystem and more.

Gate also strengthened collaborations with global cloud providers to enhance platform performance and security. Actively investing in Web3, Gate is driving blockchain innovation and ecosystem expansion, solidifying its position as a leader in the cryptocurrency industry.

Notably, Gate.io became the official sleeve sponsor for Inter, creating more market opportunities for the crypto sector.

Looking Ahead: Deepening Global Markets and Driving Industry Innovation

In 2024, Gate solidified its leadership in the global digital asset trading space through innovation-driven growth and a diversified ecosystem. With robust growth in trading volume and thriving innovative businesses, Gate demonstrated strong market competitiveness and industry influence.

Looking ahead, Gate will continue to embrace innovation as a driving force, deepen its focus on core businesses, expand into emerging markets, and advance the development and application of blockchain technology. The platform aims to provide users with more diverse and high-quality products and services. At the same time, Gate will actively fulfill its social responsibilities, leveraging technology to drive social progress.

Gate will collaborate with its users and global partners to continuously enhance products, optimize services, and give back to the community, working together to build a secure, transparent, and open Web3 world.

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• TON Foundation seeks US expansion amid growing crypto-friendly environment.
• In the crypto market, Telegram-related blockchain project is powered by the Toncoin (TON) token.

Telegram related blockchain platform The Open Network (TON) plans to extend its operation networks in the US. The Toncoin (TON) token rose slightly amid the news.

According to details in a report, the move is inspired by President Donald Trump’s friendly regulatory policies.

TON Foundation shared details of the key development in a blog post published on Tuesday, Jan. 14.

New appointments

The Open Network (TON) has appointed Manuel Stotz as president to spearhead the strategic entry into the US market. He comes after his predecessor Steve Yun who remains as a board member in the foundation.

Following President-elect Donald Trump’s win , who is an investor in digital space,the US will grow into a digital hub enhancing crypto adoption and innovation.

Trump’s administration will promote favourable digital assets regulatory policies to make the US a safer crypto market. The previous administration blocked out many crypto investors by placing strict policies.

During the previous administration, Telegram faced hurdles as it tried to raise funds for a cryptocurrency project in 2020. The foundation had to bow out after a series of legal proceedings with the U.S Securities and Exchange Commission.

Trumps who is pro-crypto in July 2024 described Bitcoin as significant marker of freedom, sovereignty and independence in his speech

To make the US a digital hub and attract global investors, Trump has promised  his support for crypto investment. For an avid crypto investor he is, Trump has recently launched his family’s digital asset venture dubbed World Liberty Financial.

Among his policy formulations, the incoming president has announced plans to make the US the “crypto capital” globally. He also spoke of making a Bitcoin reserve in the US.

Tether announced it was relocating operations to El Salvador on Monday.

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