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Donald Trump’s 2025 Inauguration: A New Reality

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Trump building city

The election of Donald Trump promises a new era for digital assets characterized by greater regulatory certainty and a surge in market activity. The question now is whether this shift is sustainable, or a temporary reaction to the political climate.

According to CCData’s latest Exchange Review report, aggregated spot and derivatives volumes, the most common measure evaluated for market participation, recorded a new yearly high in 2024, greatly exceeding the previous record set in 2021 ($75 trillion vs $64 trillion). With the election driving market activity and speculation, November and December were both record-breaking months for volumes, with $10.51 trillion and $11.31 trillion in monthly volumes, respectively. For context, the 2024 average (the biggest year on record) was roughly $6.4 trillion.

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Concurrently, stablecoins reached a total market cap of $210.1 billion, its highest ever point, on inauguration day, according to DeFiLlama. This reflects a YTD increase of 3.3% thus far, on the back of improved liquidity conditions across both centralized and decentralized exchanges, supporting the influx of fresh volumes seen in the last few months.

Assets “made in the USA” have been doing particularly well. These have been an outlier since the election, where a permissive regulatory environment, and the promise of more favourable conditions for US-based assets, have generated significant investor interest and speculation. Coins such as XRP, SOL, XLM and ALGO, which have a strong U.S.- affiliation, have seen outsized returns. Per CCData, the basket associated with these coins is up over 360%, outpacing the market by a sizeable margin. This marks an about-turn from the previous administration’s regulatory clampdown, which kept these under scrutiny for many years as they were ultimately deemed securities by the SEC.

Whether this unprecedented growth continues will depend heavily on the new Trump administration’s execution of its promises on a Strategic Bitcoin Reserve, incentives for domestic bitcoin mining, and other issues. The broader market may also benefit as we enter into the expansionary phase of the bitcoin four-year historical cycle, which tends to see explosive growth in the final year.

It will be interesting to see whether this new administration will impact the market cycles to which the cryptocurrency sector has grown accustomed, or whether it will mark a significant departure from historical trends.

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Scammers Prey on Trump-Themed Meme Coin Frenzy

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Scammers Prey on Trump-Themed Meme Coin Frenzy

TL;DR

  • Scammers are targeting TRUMP and MELANIA investors with fake websites, tricking them into linking their wallets to dubious resources.
  • With TRUMP’s price down from its peak and multiple crypto experts bashing the asset’s launch, further big rallies may be limited, so careful research is essential before investing.

Investors, Beware

This bull cycle will be remembered for the solid performance of the meme coin niche. Just a few days ago, the Trump family jumped on the bandwagon, making huge waves in the entire crypto space.

On January 18, Donald Trump’s meme coin, Official Trump (TRUMP), saw the light of day, and shortly after, its price skyrocketed to spectacular levels. It briefly surpassed $70, with its market capitalization soaring past $14.5 billion. 

Trump’s wife also launched a meme coin called Melania Meme (MELANIA), and at one point, its market cap soared above $2 billion.

Despite retracing substantially from their peak levels in the past several days, both tokens remain quite trending. This could explain why scammers have supposedly created numerous websites offering dubious services with TRUMP and MELANIA, with the sole purpose of conning unsuspecting victims.

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According to a recent report, people visiting such malicious addresses are offered to connect their wallets to the resource to check their right to participate in transactions with the new tokens. 

“The official address of the token is indicated on all websites, but when connecting, the victim is asked for the seed phrase from the wallet. Fraudsters can also “hijack” a crypto wallet or connect malware to withdraw funds,” said Maria Sinitsyna, a senior analyst working for a Russian cybersecurity company called F.A.C.C.T. 

Is It too Late to Deal With TRUMP?

The impressive price increase of Donald Trump’s meme coin allowed savvy traders to make huge profits overnight due to entering and eventually exiting the ecosystem at the right time.

Currently, TRUMP’s valuation stands far from the peak level registered on January 19, suggesting that the hype could have gradually decreased. In addition, many leading cryptocurrency exchanges (including Binance, Coinbase, Bybit, and more) allowed trading services with the asset. 

Separately, many industry insiders were against the TRUMP token launch, indicating that such zero-value assets only harm the industry instead of legitimizing it.

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Investors who are still contemplating joining the ecosystem should consider the risks involved and the enhanced volatility of that type of asset. Upon making a final decision, they must conduct proper due diligence and distribute only as much as they are ready to lose. 

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Circle Unveils Paymaster to Allow USDC Stablecoin to Be Used for Gas Fee Payments

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Circle set up its own "house" on the Promenade. (Nikhilesh De/CoinDesk)

Circle, the issuer of the $48 billion USDC stablecoin, introduced Paymaster, a product allowing users to pay for transaction fees on Arbitrum and Base using the second-biggest stablecoin instead of ether (ETH), the second-biggest cryptocurrency.

Blockchain transactions require users to pay transaction fees that are used to compensate validators for processing and securing these transactions. Different blockchains often use different tokens, forcing users to manage an assortment of tokens across the various chains.

Paymaster accepts USDC and then handles the native token payments to the blockchain validators, the company said in a blog post.

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The service, which is set to expand to Ethereum, Polygon POS, and Solana, charges users 10% of the gas cost for each transaction. The fee is being waived until June 30 to encourage adoption.

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Analyst With a 71.6% Accuracy Recommends Holding XRP and Lightchain AI for Wealth in 2025

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Analyst With a 71.6% Accuracy Recommends Holding XRP and Lightchain AI for Wealth in 2025

An analyst with an impressive 71.6% accuracy rate has recommended XRP and Lightchain AI as must-hold assets for building wealth in 2025. While XRP continues to gain traction for its advancements in cross-border payments, Lightchain AI is emerging as a transformative player in the crypto space.

The Lightchain AI Presale has already raised $12.5 million at $0.005 per token, showcasing strong investor confidence in its innovative AI-blockchain integration. With these two projects driving momentum, they are positioned to deliver significant returns in the upcoming market cycle.

Analyst’s Track Record- Why 71.6% Accuracy Matters

An analyst’s forecast accuracy of 71.6% is significant, as it surpasses the commonly accepted benchmark of 70% for reliable predictions.

Accurate forecasts are crucial for informed decision-making, enabling businesses to anticipate market trends, manage resources effectively, and maintain a competitive edge.

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While a 71.6% accuracy rate indicates a strong predictive capability, it also highlights the inherent uncertainties in forecasting, underscoring the need for continuous refinement of predictive models.

XRP’s Continued Potential- Strong Hold for 2025

XRP has demonstrated significant growth, currently trading at $3.10. This upward trend is bolstered by Ripple’s partial legal victory in July 2023, where a federal judge ruled that XRP is not a security when sold to the general public on digital-asset exchanges.

The anticipated appointment of Paul Atkins as SEC Chair under President Donald Trump suggests a more crypto-friendly regulatory environment, potentially leading to the dismissal of the SEC’s appeal against Ripple.

Analysts project XRP could reach $5 to $7 by mid-2025, driven by these favorable regulatory developments and Ripple’s technological advancements. These factors position XRP as a strong hold for investors eyeing substantial returns by 2025.

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Lightchain AI’s Rising Promise- Why It’s Key to Wealth in 2025

Lightchain AI is redefining wealth creation in 2025 with an innovative ecosystem that tackles blockchain’s biggest challenges head-on. By integrating Privacy-Preserving Data Utilization, it keeps sensitive data secure using cutting-edge tech like zero-knowledge proofs and federated learning—making it a trusted choice for both enterprises and individuals. 

What really sets Lightchain AI apart is its approach to Aligning Incentives to Drive Participation. Developers, validators, and token holders are all rewarded fairly, creating a vibrant, thriving community built for sustained growth. 

And the best part? Lightchain AI doesn’t settle. Its Iterative Evolution, rolling out in November 2025, reflects a relentless commitment to improvement. Regular updates driven by community feedback and the latest tech advancements ensure it stays ahead of the curve. 

With innovation, inclusivity, and a forward-thinking vision, Lightchain AI isn’t just a blockchain platform—it’s a game-changer in the crypto market and a powerful engine for wealth creation.

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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Ecosystem health is the missing link to blockchain’s long-term success

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Ecosystem health is the key to blockchain’s long-term success. Cultivating transparency, strong developer tools and engaged communities, blockchain networks can grow securely and sustainably.

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What To Consider When Choosing Crypto Payment Gateway

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crypto payment processor

What Is A Crypto Payment Gateway?

A **cryptocurrency payment gateway** helps **process payments** made in **digital currencies** through **blockchain networks**. These systems use a **decentralized method** to keep transactions **secure** and **user information private**.

What Is Crypto Payments Processing?

Crypto payment processing allows users to make and receive payments in digital currencies over secure, reliable, and efficient blockchain networks with minimal chances of fraudulent activities.

Users can make cryptocurrency payments and receive fiat currencies in exchange for increasing payment options for users without any delays, such as time-consuming verification procedures, users are exposed to in the traditional payment processing systems.

How Do Cryptocurrency Payment Gateways Work?

Ever wondered how a crypto payment gateway works? These gateways act as a bridge between vendors and consumers, enabling easy digital currency transactions for which users immediately receive fiat currency. These gateways facilitate the process of making and accepting crypto payments directly between the payer and the receiver. Here we have a detailed article on how crypto fiat payment gateways work; make sure to check it out.

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Consumers can scan QR codes or send and receive funds directly to their designated wallet addresses or merchant accounts. The blockchain platforms keep a record of all transactions to make sure they are legitimate and unique. That way, no transactions are repeated, and the users are prevented from overspending.

What You Should Consider When Choosing A Crypto Payment Processor?

Choosing the best digital currency payment gateway requires the business to understand its needs and look for factors that would add value to its offerings and make it stand out differently from the mainstream market.

Security

The primary factor to consider when looking for good crypto payment gateways is the security of transactions. The top crypto gateways ensure the secure and confidential processing of funds without any third-party involvement to guarantee the privacy of their customers.

Moreover, it would be a great idea to choose a platform that offers advanced security features such as two-factor authentication, offline wallets, and encryption keys to ensure the integrity of their users.

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Transaction Fees

One of the essential factors to look for in a crypto payment gateway is the transaction cost. There should be no hidden charges that might come as a surprise during the payment processing, such as in credit card payments.

In addition, the transaction fees should be minimal to ensure easy processing to cater to the business needs of small and medium enterprises. It would be a great idea to compare different crypto payment gateways to identify the most value-for-money option according to individual needs.

Website Integration

The website of a crypto payment gateway is an integral part of one of the major touch points for its customers. The user-friendliness and speed of the website of a crypto payment gateway are extremely important to ensure efficiency in the processing of funds.

Moreover, the best crypto payment gateways have responsive websites and offer effective merchant integration with complete guidance for corporate and individual customers.

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Customer Support

An efficient crypto gateway offers good customer support and caters to the needs of its target audience effectively to ensure smooth payment processing. It should have a responsive customer support service to answer the queries of its clients in a timely manner.

The top cryptocurrency payment service providers offer 24/7 customer support, which ensures assistance at any given moment.

Functionalities

You need to check the features of your shortlisted cryptocurrency payment gateway to make a decision that supports your business needs effectively. Some common features include multi-currency support, a digital wallet, accepting major cryptocurrencies, reasonable fees, and currency swap options.

Device Compatibility

The top crypto gateways provide compatibility with a wide range of devices to help users process payments while on the go. This helps in efficient payment processing for a large majority of the consumer market, especially those who do not have access to high-end electronic devices.

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Therefore, it is important that you look for a digital payment gateway that offers easy compatibility with multiple devices and operating systems to ensure quick payment processing.

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OKX secures MiCA pre-authorization first exchange to do so 

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OKX secures MiCA pre-authorization first exchange to do so 

OKX has become the first global cryptocurrency exchange to secure pre-authorization under the Markets in Crypto-Assets framework.

This milestone marks a key step toward offering regulated crypto products across the European Economic Area

Upon full licensing, OKX will provide services to over 400 million Europeans from its Malta-based hub, according to a note shared with crypto.news. The company plans to introduce localized services, including OTC trading, spot trading, and bot trading, covering more than 240 cryptocurrencies and over 260 trading pairs.

OKX’s platform will also feature regional language options, euro-based trading pairs, and local-language customer support.

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Customers will be able to deposit and withdraw euros for free via bank transfers and purchase cryptocurrencies using local payment methods. The Malta hub will serve as a base for passporting services across the 30 EEA member states under MiCA’s unified regulatory framework.

OKX plans to redefine the crypto experience for both retail and institutional customers with innovative products like its Advanced Exchange, Simple Exchange, and on-chain wallet solutions.

Earlier this year, the company launched perpetual futures for two additional native tokens from AI-based projects, Alchemist AI and aixbt.

As the world’s second-largest exchange by trading volume, OKX aims to combine regulatory compliance with advanced technology to deliver secure and transparent services to the growing European crypto market.

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Nexus Inks a Strategic Deal With IO.NET to Enhance Computing Power for Its Network

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Nexus Inks a Strategic Deal With IO.NET to Enhance Computing Power for Its Network

Nexus – the blockchain dedicated to building the Verifiable Internet – shook hands with the decentralized physical infrastructure network (DePIN) – io.net. 

The collaboration’s main goal is to strengthen the former’s computer power and double down on its mission to make zero-knowledge proof services accessible to all users. 

The Partnership’s Details

According to a document shared with CryptoPotato, the mutual effort will leverage io.net’s robust decentralized GPU infrastructure to expand the computing power available for proof generation within the Nexus zero-knowledge Virtual Machine (zkVM). 

Nexus will also integrate its partner’s laaS solutions to extend its network of validators, bridges, relayers, and oracles across Web3 ecosystems. LaaS (Liquidity-as-a-Service) refers to a method that helps decentralized finance projects obtain, manage, and optimize liquidity across various trading platforms. 

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By collaborating, the two entities will scale the computational resources dedicated to proof generation within the Nexus zkVM, improving efficiency and shortening processing times for developers and businesses.

Those upgrades align with Nexus’s mission to make its services accessible to everyone, enabling developers, decentralized applications, and businesses to leverage them effectively.

Last but not least, the partnership will lay the foundations for a more interconnected, verifiable, and scalable Web3 ecosystem. The availability of dedicated GPU computing resources will aid Nexus in its expansion while connecting innovative infrastructure with practical applications for Web3 developers.

“Pivotal Step Forward”

The news of the collaboration was commented by both management teams. Alex Fowler, Chief Strategy Officer at Nexus, described the deal as “a pivotal step forward in advancing the capabilities of Nexus network.” 

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“By combining our zero-knowledge proof technology with io.net’s decentralized compute infrastructure, we’re creating a more scalable and accessible proving solution that will benefit developers and users globally,” he added.

For his part, Tausif Ahmed, Chief Business Development Officer at io.net, claimed that teaming up with Nexus reinforces his entity’s commitment to powering innovative Web3 technologies. 

“Together, we’re enabling a decentralized and privacy-first future, where zero-knowledge proofs can thrive at scale,” he stated.

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XRP klimt nav hoop einde rechtszaak – wat gaat Ripple doen?

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De XRP-koers stijgt door hoop op einde Ripple-rechtszaak – Wat brengt dit weekend? XRP koers klimt nav hoop einde Ripple rechtszaak – wat gaat Ripple doen dit weekend?

De recente speculaties rond de Ripple vs. SEC-zaak hebben de XRP-koers opnieuw in beweging gebracht. Investeerders anticiperen op een mogelijke schikking of afwijzing, wat voor een koersstijging zorgt. Ondanks een lichte daling vandaag blijft de markt optimistisch, mede door sterke whale-activiteit en voorspellingen van analisten die wijzen op een potentiële stijging richting $3,50 of hoger. Met de zaak in een cruciale fase blijft de vraag: wat gaat Ripple dit weekend doen?

Kan de Ripple vs SEC-zaak deze week worden afgesloten?

De speculaties over een mogelijke afwijzing of schikking in de Ripple vs SEC-zaak zijn recentelijk toegenomen. Vooral nu de Amerikaanse SEC haar eerste besloten vergadering houdt onder de nieuwe waarnemend voorzitter Mark Uyeda, verwachten velen in de XRP-gemeenschap een belangrijke uitkomst in de lopende zaak uit de vergadering.

Het is echter vermeldenswaard dat ex-SEC-advocaat Marc Fagel dergelijke beweringen onlangs heeft afgewezen. Desondanks bleven de marktliefhebbers vertrouwen houden in het positieve nieuws dat eraan komt, wat op zijn beurt de XRP-prijs aanzienlijk zou kunnen verhogen.

In een verhitte discussie op X deelde ex-Ripple-functionaris Sean McBride zijn perspectief op de langlopende Ripple vs SEC-zaak, wat speculaties over de oplossing ervan aanwakkerde. In antwoord op de vraag van een XRP-liefhebber suggereerde McBride dat de zaak binnen een week kon worden afgewezen of geschikt.

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Opmerkelijk is dat hij neigde naar een schikking, verwijzend naar de alomvattende aard ervan en het potentieel voor vertrouwelijkheid. “Ripple, Garlinghouse en Larsen hebben allemaal recht op compensatie,” merkte hij op, eraan toevoegend dat Ripple ‘letterlijk het script had omgedraaid voor de SEC.’

Zal de XRP-zaak worden afgewezen of geschikt?

Het gesprek ontvouwde zich verder toen McBride mogelijke uitkomsten belichtte als de zaak zou worden afgewezen. Hij suggereerde dat Ripple de SEC zou kunnen aanklagen voor schadevergoeding, maar hintte erop dat een schikking waarschijnlijk dergelijke zorgen discreet zou aanpakken.

Ex-SEC-advocaat Marc Fagel bestreed deze beweringen echter, en stelde dat een tegenvordering geen juridische grond zou hebben vanwege eerdere gerechtelijke uitspraken tegen Ripple. Hij verwierp ook het idee van achterkamerschikkingen, en benadrukte de transparantie die vereist is bij SEC-resoluties.

Wat gaat XRP dit weekend doen?

De XRP-prijs daalde vandaag bijna 2% en werd verhandeld op $3,11, terwijl het handelsvolume 3% daalde naar $8,3 miljard. Opmerkelijk is dat de crypto schommelt tussen de $3,27 en $3,11 in de laatste 24 uur. Ondanks de prijsdaling steeg de XRP Futures Open Interest met 1,3% naar $6,9 miljard, wat het sterke vertrouwen van de investeerders weerspiegelt.

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Ondertussen heeft analist Meesku een voorspelling gedaan: zo verwacht hij dat XRP op korte termijn zou kunnen stijgen naar $3,50 of zelfs hoger. Hij gelooft dat recente whale activiteit en de verwachting van nieuwe financiële producten deze groei zouden stimuleren.

Ter ondersteuning van deze visie merkte hij op dat XRP donderdag een abrupte prijsstijging van 5% in slechts enkele minuten ervoer te midden van berichten over ETF’s. De opwinding zorgde kort voor een rally van XRP naar $3,30, maar sindsdien is de prijs gedaald naar $3,13.

XRP koers. Bron: TradingView

Hoewel volatiliteit een belangrijke factor blijft in de korte termijnvooruitzichten, gelooft Meesku dat de markt zich positioneert voor potentieel opwaarts momentum, vooral nu de Ripple vs. SEC-zaak dichter bij een definitieve oplossing komt.

Met de zaak die mogelijk tot een einde komt, lijkt dit een bullish moment te creëren voor de hele markt. Dit biedt kansen om te ontdekken welke tokens hier mogelijk van kunnen profiteren. Hieronder benoemen we drie presales die volgens ons aanzienlijke groeipotentie hebben.

Wall Street Pepe (WEPE)

Wall Street Pepe (WEPE) heeft zich ontpopt als een rijzende ster in de wereld van meme coins, met een indrukwekkende opbrengst van ongeveer $57 miljoen in iets meer dan een maand sinds de presale begon. Door humor, community-initiatieven en een focus op winstgevendheid te combineren, creëert WEPE een unieke plek in de drukke meme coin markt.

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Achter de speelse branding met Pepe-thema streeft Wall Street Pepe ernaar om gewone handelaren te versterken en de invloed van Wall Street’s zwaargewichten uit te dagen. Tokenhouders krijgen exclusieve toegang tot crypto trading-signalen, zorgvuldig geselecteerde meme coin-aanbevelingen en een collaboratieve chatroom die is ontworpen om het succes van de community te vergroten.

Met een huidige prijs van $0,0003665 biedt $ tot wel 21% APY via staking, wat een aantrekkelijke stimulans is voor vroege investeerders. Nu de presale bijna ten einde loopt en de vraag blijft toenemen, wordt Wall Street Pepe snel een belangrijke speler in de cryptomarkt.

Naar de officiële website van Wall Street Pepe

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Solaxy (SOLX)

Solaxy (SOLX) is een pionier in blockchain-efficiëntie als de allereerste layer 2 solution speciaal ontworpen voor Solana. Het project zet een nieuwe standaard voor snelheid en kosteneffectiviteit in gedecentraliseerde ecosystemen door netwerkcongestie aan te pakken en transactiekosten aanzienlijk te verlagen.

Centraal in het platform staat de SOLX-token, die alle transacties binnen het netwerk aandrijft. Naarmate de activiteit op het netwerk toeneemt, wint SOLX aan intrinsieke waarde, wat zorgt voor een duurzame cyclus van groei en vraag.

Solaxy

Een van de opvallende kenmerken van Solaxy is de aankomende Ethereum Solana bridge, waarmee naadloze interactie tussen twee toonaangevende blockchain-ecosystemen mogelijk wordt. Deze cross-chain-compatibiliteit positioneert Solaxy als een belangrijke speler in de gedecentraliseerde toekomst, met een nut dat verder reikt dan alleen het Solana-ecosysteem.

Met een prijs van slechts $0,00162 tijdens deze fase van de presale biedt SOLX een aantrekkelijke instapkans voor investeerders. In combinatie met staking beloningen tot maar liefst 280% APY biedt Solaxy een zeldzame kans om passief inkomen te combineren met lange termijnwaarde.

Naar de officiële website van Solaxy

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Best Wallet (BEST)

Best Wallet (BEST) herdefinieert Web3-interacties met een next-generation wallet-ecosysteem, uitgerust met geavanceerde functies zoals een naadloze fiat-naar-crypto onramp en een state-of-the-art crypto launchpad.

Het bezitten van BEST ontgrendelt een reeks voordelen, waaronder verminderde handelskosten op de Best Wallet gedecentraliseerde exchange, verhoogde staking-beloningen op meer dan 60 blockchains, en prioriteitstoegang tot veelbelovende projecten die worden gepresenteerd op de Best Wallet launchpad.

Met meer dan $7,9 miljoen dat al is opgehaald in de presale, heeft het project aanzienlijk vertrouwen van investeerders gewonnen. Geprijsd op $0,0237, met een aanstaande prijsverhoging, biedt $BEST een overtuigende kans voor vroege investeerders.

Naar de officiële website van Best Wallet

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SOL Falls 8.8% as Nearly All Assets Trade Lower

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9am CoinDesk 20 Update for 2025-01-23: laggards chart

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 3809.52, down 4.3% (-172.06) since 4 p.m. ET on Wednesday.

One of 20 assets are trading higher.

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Leaders: ETC (+2.1%) and ETH (-1.4%).

9am CoinDesk 20 Update for 2025-01-23: leaders chart

Laggards: SOL (-8.8%) and AVAX (-5.7%).

9am CoinDesk 20 Update for 2025-01-23: laggards chart

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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io.net and Nexus Network Partner to Expand Compute Power and Accessibility

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io.net and Nexus Network Partner to Expand Compute Power and Accessibility

The partnership aims to expand compute services on Nexus Network via io.net’s decentralized GPU network, as the project works on developing the world’s first decentralized supercomputer. 

Decentralized physical infrastructure network (DePIN) io.net announced its newest partner, Nexus Network, a project aiming to provide supercomputer resources to everyone, this week. The strategic collaboration will see Nexus leverage io.net’s GPU clusters to expand its network’s compute power as it builds its ‘Verifiable Internet’. 

Additionally, the partnership will strengthen the Nexus zero-knowledge Virtual Machine (zkVM) by integrating io.net’s Infrastructure-as-a-Service (IaaS) platform, furthering Nexus’s mission to make zero-knowledge proof services accessible to all.

Nexus Network is a community of developers that are designing the Verifiable Internet, where trustless computation and verification are integral to digital interactions. The mission of the project is to build a global, distributed supercomputer that is accessible to everyone. It leverages zkVM technology which enables developers to create scalable and secure applications, redefining how users interact with blockchain ecosystems.

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io.net, or the Internet of GPUs, is a DePIN that deploys and manages on-demand, decentralized GPU clusters from globally distributed sources. The protocol includes millions of GPUs that are connected to the IO Network, allowing users to tap into the compute power for various high-0compute needs such as AI, machine learning, cloud gaming etc. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. 

Expanding Compute Power on Nexus Network

As stated, the partnership will leverage  io.net’s robust decentralized GPU infrastructure to expand the compute power available for proof generation within the Nexus zkVM. Via the geo-distributed GPUs, Nexus will benefit from an extended network of validators, bridges, relayers, and oracles across web3 ecosystems.

The added compute power from io.net will enable Nexus Network to enhance zk-proof technologies and make these services accessible to everyone. From accessibility to developers across the world to enterprises and businesses, users on Nexus will enjoy faster and more efficient zero-knowledge-proof generation. This is expected to facilitate blockchain development of scalable, privacy-focused and low-latency decentralized applications (DApps).

Speaking on the partnership, Alex Fowler, Chief Strategy Officer at Nexus, stated: 

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“Our partnership with io.net marks a pivotal step forward in advancing the capabilities of Nexus network, By combining our zero-knowledge proof technology with io.net’s decentralized compute infrastructure, we’re creating a more scalable and accessible proving solution that will benefit developers and users globally.”

A New Interconnected, Privacy Focused Supercomputer

The partnership aims to help both io.net and Nexus flourish as well as expand the capabilities of their users. Together, the two companies aim to improve the scalability, reliability, and accessibility of zero-knowledge proving technology. In addition, the two companies will share expertise on how to strengthen the computational capabilities of the Nexus network by optimizing access to GPU clusters, supporting its goal of creating the world’s most powerful computer.

To boost privacy, in addition to the computing power on Nexus, Tausif Ahmed, Chief Business Development Officer at io.net, echoed the statements of Fowler saying: 

“Collaborating with Nexus reinforces io.net’s commitment to powering innovative web3 technologies. Together, we’re enabling a decentralized and privacy-first future, where zero-knowledge proofs can thrive at scale.”

The collaboration is also expected to scale the decentralized network of GPUs on the IO Network, as new users join from Nexus. It will also scale the computational resources dedicated to proof generation within the Nexus zkVM, enhancing performance and reducing lead times for developers and enterprises. Moreover, io.net’s geo-distributed GPU clusters will provide a decentralized, high-performance compute layer, boosting the overall resilience and scalability of the Nexus network.

The biggest winner, however, is the wider Web 3 ecosystem. Through such partnerships, the Web 3 industry builds a foundation for a more interconnected, verifiable, and scalable ecosystem. It bridges the gap between innovative infrastructure and practical utility for web3 developers and enterprises. 

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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