Ohio proposes the Ohio Bitcoin Reserve Act to hedge against dollar devaluation by investing in Bitcoin as a state reserve asset. The post Ohio lawmaker pushes for state-backed Bitcoin reserve appeared first on Crypto Briefing .
Crypto Briefing
You can visit the page to read the article.
Source: Crypto Briefing
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
2 cryptocurrencies to reach a $10 billion market cap in 2025
As 2024 nears its close, the cryptocurrency market is once again showcasing its dynamic and volatile nature, capturing the attention of traders and investors navigating shifting trends. Following a sluggish start to the month, the global market has rebounded sharply, with Bitcoin ( BTC ) surging to a new all-time high of $108,268, sparking renewed optimism across the digital asset space, despite experiencing a slight pullback. As uncertainty continues to loom over traditional financial markets, the crypto space appears poised on the brink of a massive bull cycle . This ongoing bullish sentiment is particularly beneficial for several cryptocurrencies approaching significant market cap milestones, including the notable $10 billion mark. Finbold has identified two digital assets—Aave ( AAVE ) and NEAR Protocol (NEAR)—as strong contenders to surpass this threshold. These projections are driven not only by the continuation of the broader bull run but also by the impact of high supply inflation, which could propel market cap growth even if price movements remain relatively moderate. Aave (AAVE) AAVE is emerging as a top contender to reach a $10 billion market cap in 2025, backed by its dominance in decentralized finance ( DeFi ), expanding partnerships, and surging investor interest. Currently holding 45% of the DeFi lending market share, Aave remains the undisputed leader, supported by a total value locked (TVL) of $22.4 billion, nearly matching the combined TVL of other major lending protocols, as per DeFiLlama. The protocol’s growth is further fueled by key partnerships, including its integration with Linea, a Consensys-backed zk-rollup network, which promises lower transaction fees and improved scalability, two critical factors for attracting new users. Aave market cap and price. Source: CoinMarketCap Additionally, collaborations with Balancer v3 and deployments on Ethereum ( ETH ) to enable borrowing and lending for ETH, Wrapped Bitcoin ( WBTC ), and major stablecoins like USDC and USDT have significantly boosted liquidity and utility, making Aave a top choice for borrowing and lending. Coupled with the broader crypto market rebound, Bitcoin’s march past key milestones, Aave’s strong fundamentals, and ongoing expansion position it to potentially double its current $5.5 billion market cap, placing the $10 billion mark well within reach. NEAR Protocol (NEAR) NEAR Protocol’s path to a $10 billion market cap hinges on its underlying market strength and improving investor sentiment. Despite a 5.56% decline in derivatives trading volume to $635.54 million and a 10.9% drop in open interest to $356.57 million, key indicators reveal a bullish undertone. The long/short ratio across major exchanges like Binance and OKX remains firmly positive, with Binance’s top trader long/short ratio at 4.72 and OKX at 2.52, reflecting strong buy-side confidence. Additionally, NEAR’s recent liquidations favor long positions, with $2.05 million in liquidated longs in the past 24 hours compared to only $66.96K in shorts, highlighting persistent bullish momentum despite short-term market caution. NEAR market cap and price. Source: CoinMarketCap NEAR’s robust DeFi and AI-driven use cases, coupled with investor accumulation near key support levels, suggest a breakout. Analysts are expecting a bounce back from the $6 level, followed by a pump toward $8 to $9, which could potentially push its market cap to the $10 billion mark. For investors and traders, both assets offer compelling entry points supported by strong fundamentals and technical indicators. Watching key levels, trading volumes, and ecosystem updates will be crucial for maximizing gains as AAVE and NEAR approach their next growth phase. Featured image via Shutterstock. The post 2 cryptocurrencies to reach a $10 billion market cap in 2025 appeared first on Finbold . Crypto Briefing
Stablecoins Should Become Mass Export Product of the US, Says Circle CEO Jeremy Allaire
The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire also says the US’ fiscal situation is “not in order” – something that could also be aided by a transparent digital dollar system. “First and foremost, we have to focus on the strength and competitiveness of the dollar first. We have a situation in the world where while the dollar is the reserve currency, there are lots and lots of places in the world that don’t want the dollar to be that currency. So first we need full reserve digital dollars, like stablecoins to become a mass export product of the United States and if there’s going to be a major currency of the internet, make sure it’s a digital dollar… The fundamental issue that we have here is a sound money issue. We don’t have sound money principles embedded in our monetary system right now. Virtually every government in the world is – I won’t say they are all bankrupt – but they are in massive debt. The United States has an enormous amount of debt, its fiscal house is not in order.” The CEO calls upon US regulators to clearly define what digital assets are, how they can be bought and sold, and how they can be used. “The big thing is we need statutes that define what these different types of digital assets are. Digital tokens are a huge innovation and they are an innovation in economic incentives and others. We need laws that say here is what a digital token is, here is how you offer one, here is how you distribute it and users can use it, whether it’s a game or whatever it is.” 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 Stablecoins Should Become Mass Export Product of the US, Says Circle CEO Jeremy Allaire appeared first on The Daily Hodl . Crypto Briefing