A lawmaker in Hong Kong is reportedly proposing adding Bitcoin ( BTC ) to the region’s reserves for the purpose of financial stability. Wu Jiexhuang, a member of the Hong Kong Legislative Council and chairman of the Web3 Virtual Asset Development Subcommittee, said that the region should study how to maintain financial security with BTC, according to the state-controlled publication Wen Wei Po . Jiexhuang said Hong Kong should make use of the “one country, two systems” philosophy and explore ways the region to hold Bitcoin. “If major economic powers take the initiative to include Bitcoin in strategic reserves, the value of Bitcoin will be more stable, causing more and more other countries to follow suit and reduce their holdings of traditional assets. This will result in the fall of the price of traditional assets and will shrink the government’s fiscal reserves holding traditional assets.” Earlier this year, Hong Kong Exchanges and Clearing Limited (HKEX), the largest stock exchange in Hong Kong, announced the launch of its own “Virtual Asset Index Series.” The index aims to provide a reliable benchmark for the pricing of Bitcoin ( BTC ) and Ethereum ( ETH ) in the Asian time zone while solving the price differences between the different global exchanges. Hong Kong regulators are currently in the process of finalizing licensing for nearly a dozen different crypto exchanges, including Crypto.com and Bullish. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Hong Kong Representative Explores Adding Bitcoin to National Reserve Under ‘One Country, Two Systems’ Framework appeared first on The Daily Hodl .
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Ripple’s XRP vs. Cardano’s ADA: Which Will Have a Better 2025? (ChatGPT Answers)
TL:DR; Cardano’s ADA and Ripple’s XRP posted notable gains after the US elections in November, with analysts and experts expecting similar or even more impressive performances in 2025. But which has the chance to do better? Here’s ChatGPT’s answer. Why ADA and XRP? The answer to this question perhaps lies in the companies behind the tokens and their headquarters, as both are based in the United States. Ripple’s CEO previously said that US-based crypto projects benefited the most from Donald Trump’s victory in the US elections as the SEC under Gary Gensler and the Biden administration had openly and consistently suppressed such local businesses. This is all due to change. Gensler will depart in a few weeks when Trump reenters the White House. Additionally, the 119th US Congress was just sworn in, which Garlinghouse described as the ‘most pro-crypto Congress in history.’ Consequently, both Ripple and Cardano, as well as their underlying assets, could indeed continue to benefit under a more friendly administration and clearer regulations. ADA and XRP charted triple-digit gains within weeks after the November elections, both skyrocketing to multi-year peaks. However, neither managed to break their previous all-time highs, which leaves room for growth. ADA vs. XRP in 2025 Hoskinson and Garlinghouse are rumored to be involved in helping develop the new regulatory framework in the US, which could positively impact their respective companies and underlying assets. IOG’s founder recently said that “Cardano is going to heights it’s never been before” in 2025. But, will it do better than Ripple’s XRP? ChatGPT said Cardano has mostly focused on DeFi and blockchain innovation, which positions it for “significant growth,” with some predictions envisioning a new all-time high in 2025 of over $3. At the same time, Ripple’s strengths lie in XRP’s utility in cross-border payments and the recent RLUSD stablecoin launch. Both companies have made some notable partnerships in the past year or so, with Cardano focusing on rising adoption in struggling regions like Africa and South America , while Ripple continues with its collaborations with financial giants, such as SBI Holdings . The challenges for XRP include the highly competitive cross-border market, such as SWIFT and other blockchain-based solutions. On the other hand, Cardano’s competition in DeFi is quite substantial, with the presence of more established alternatives like Ethereum and some with growing market share, such as Solana. Additionally, Cardano has been “criticized for its slow development pace,” noted ChatGPT. In conclusion, the AI-driven chatbot said both have substantial room for growth but perhaps have different purposes in investors’ portfolios. If market adoption and sentiment are the primary drivers in 2025: Cardano (ADA) might have higher potential for explosive growth due to its focus on DeFi, scalability, and global projects. Ripple (XRP) might see steady, consistent growth driven by institutional adoption and regulatory clarity. The post Ripple’s XRP vs. Cardano’s ADA: Which Will Have a Better 2025? (ChatGPT Answers) appeared first on CryptoPotato . The Daily Hodl
Solana Memecoin New Year New Shiba to Surge Over 14,000% Before Exchange Listing, While PEPE and WIF Drop
New Year New Shiba could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. New Year New Shiba (NEWSHIBA), a Solana memecoin launched today, is set to surge over 14,000% in price in the coming days. This is because NEWSHIBA 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 cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, New Year New Shiba 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 New Year New Shiba could become the next viral memecoin. New Year New Shiba launched with over $8,000 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 New Year New Shiba 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 New Year New Shiba by entering its contract address – 7DjEUoHG7Yr3LpaqNPcyc5DgNEYSLrnPV8zsjQBbAYfh – 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. 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 NEWSHIBA. 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. The Daily Hodl