In a significant policy shift, the National Bank of Cambodia (NBC) has authorized commercial banks and payment institutions to offer services related to Category 1 crypto assets, including secured stablecoins. However, the use of unsecured cryptocurrencies, such as Bitcoin, remains strictly prohibited. The National Bank of Cambodia (NBC) has for the first time allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including secured or stablecoins, but unsecured cryptocurrencies such as Bitcoin remain prohibited.… — Wu Blockchain (@WuBlockchain) December 27, 2024 Meanwhile, Bitcoin metrics are indicating a notable shift in market dynamics. Spot exchange reserves and netflows have turned positive, with a net addition of 15.8K BTC after weeks of decline. This development raises questions about market sentiment—could it signal increased caution, profit-taking, or preparation for a potential correction? Historically, rising reserves often lead to heightened volatility and short-term price pressure. $BTC metrics are signaling a shift. Spot exchange reserves and netflows just flipped positive (+15.8K BTC) after weeks of decline. Could this mean caution, profit-taking, or prep for a correction? Rising reserves often bring volatility and short-term price pressure. Stay… pic.twitter.com/LRbBtmNTha — Kyledoops (@kyledoops) December 27, 2024 On another front, Bitwise has announced plans to launch the Bitcoin Standard Company ETF. This fund will focus on companies holding Bitcoin as part of their corporate reserves. To qualify for the index, companies must meet stringent criteria: holding a minimum of 1,000 Bitcoins, a market valuation of at least $100 million, an average daily liquidity of $1 million, and a public free float of at least 10%. Bitwise plans to launch the Bitcoin Standard Company ETF, which will mainly invest in companies that hold Bitcoin as corporate financial reserves. Companies included in the index must meet the following conditions: holding at least 1,000 Bitcoins, a market value of at least $100… — Wu Blockchain (@WuBlockchain) December 27, 2024 Adding to the momentum, Bitcoin spot ETFs saw a significant net inflow of $475 million on December 26, marking the first positive net inflow after four consecutive days of outflows. Notably, Fidelity’s ETF (FBTC) accounted for $254 million of this total, highlighting strong institutional interest. Bitcoin spot ETF had a total net inflow of $475 million on December 26, the first net inflow after net outflows in the past four days. Fidelity ETF FBTC had a net inflow of $254 million. https://t.co/59u0BnEqLG pic.twitter.com/uIUu0Hfdjl — Wu Blockchain (@WuBlockchain) December 27, 2024 As regulatory developments in Cambodia and shifting Bitcoin metrics unfold, the crypto landscape continues to present a mix of opportunities and uncertainties. Investors should stay alert as the market evolves, with rising reserves and ETF inflows setting the stage for potential volatility and growth. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: tonktiti// 123RF // Image Effects by Colorcinch
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Prince Elon (ELONPRIN) Solana Memecoin to Explode 13,000% Before Exchange Listing, As Shiba Inu and BONK Fall
Prince Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Prince Elon (ELONPRIN), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days. This is because ELONPRIN is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Prince Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Prince Elon could become the next viral memecoin. Prince Elon launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Prince Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Prince Elon by entering its contract address – 7rAsmWGTtPFY9RFnhd9biard7PrWtw5ZigowwfmaXUQ – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONPRIN. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. NullTx
Tron News Showcases AI Enhancements, Sui Rises – BlockDAG & Inter Milan Team Up: Over 170K Holders Join!
As 2024 draws to a close, several cryptocurrency initiatives are standing out due to their unique tactics and market evolution. Recent Tron (TRX) news underscores breakthroughs in AI technology, while Sui market analysis indicates a promising future for sustained growth. Moreover, the partnership between BlockDAG Network and Inter Milan aims to broaden its already extensive community of over 170,000 holders by integrating blockchain with global sports platforms. These developments highlight varied strategies and underline the significant impact of visibility and adoption in propelling the crypto sector forward. From Tron’s initiatives in streamlining process creation to the broadening applications of Sui and the notable milestones achieved by BlockDAG’s presale, each project sheds light on critical aspects of the blockchain environment. For those keen on the market dynamics, BlockDAG (BDAG) stands out as a primary crypto coin to monitor closely into 2025. Tron News: Launch of AI-Driven Features The latest Tron news reveals the introduction of its inaugural AI agent on the Sun Pump platform, a pivotal development that allows for the automated generation and real-time modification of process parameters. This update, along with Tron’s collaboration with Bitget, a top cryptocurrency exchange, marks an essential phase in expanding its network’s ecosystem. This integration with AI technology is designed to simplify process creation and elevate user experiences, enhancing both usability and reliability through unique identifiers for each process. Following these updates, TRX has seen a significant uptick in its market value, reaffirming its current relevance and potential growth. Sui Market Analysis: Poised to Challenge Top Contenders Recent Sui market analysis points to the potential of this blockchain to soon contend with major cryptocurrency players. Despite fluctuations in price, Sui has shown considerable growth this past year, with its total value locked significantly increasing since September. The use of the Move programming language is a key factor simplifying development on the Sui platform. The analysis of Sui’s market also highlights robust fundamentals, including escalating adoption rates and strategic partnerships, such as those with USDC and Revolut. Despite the volatile price trends, many in the trading community view Sui as possibly undervalued. Given its strong developer support and expanding practical applications, forecasts suggest Sui is on track for considerable expansion in the upcoming year. BlockDAG’s Alliance with Inter Milan Elevates Global Crypto Visibility The collaboration between BlockDAG and the iconic Italian soccer team Inter Milan has made BlockDAG a highly anticipated crypto coin to watch . This partnership has greatly increased visibility, introducing BlockDAG’s advanced blockchain technology and its potential for substantial growth to millions of soccer enthusiasts globally. Analysts anticipate that this collaboration will boost the ongoing presale of BlockDAG, which has already achieved significant outcomes. The network has successfully raised over $173 million and distributed over 17.5 billion coins to date. Presently, during presale Batch 26, the price of BDAG is at $0.0234. Early participants have realized a ROI of 2240%, underscoring the project’s promising future. BlockDAG’s utilization of Directed Acyclic Graph (DAG) technology facilitates quick, scalable, and secure transactions, distinguishing it as a frontrunner in blockchain technology. The network’s versatility extends across DeFi, gaming, and NFT sectors, providing a broad platform for developers and traders. This multimillion-dollar agreement with Inter Milan provides unique, blockchain-enhanced engagement opportunities for fans and additional benefits for BDAG holders, enhancing the appeal and success of the presale. This partnership merges cutting-edge blockchain technology with a globally renowned sports brand, enhancing overall adoption and interest among traders. In the upcoming weeks, it is anticipated to increase BlockDAG’s community of 170,000 holders, further cementing its position in the crypto presale market. Key Crypto Coins to Monitor: A Year-End Review As the year draws to a close, Tron (TRX) news, Sui market analysis, and BlockDAG’s strategic alliances emphasize the advanced power of blockchain, marking them as the top crypto coins to watch currently. Tron’s enhancements in AI technology have streamlined process creation, improving user experiences and indicating continuous advancements within the network. Sui market analysis highlights its consistent growth and extended collaborations, showcasing its strong potential within the blockchain arena. Moreover, BlockDAG’s partnership with Inter Milan not only magnifies its presale achievements and global presence but also integrates BlockDAG into the lives of millions of soccer fans, expanding its reach and influence. This collaboration not only illustrates the blockchain’s sophisticated technology but also solidifies BlockDAG’s status in the market. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Tron News Showcases AI Enhancements, Sui Rises – BlockDAG & Inter Milan Team Up: Over 170K Holders Join! appeared first on TheCoinrise.com . NullTx