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Polkadot will usher in 5 important technological breakthroughs in 2024 | Cryptocurrency Trends

Cary, Bitget Research
2023/12/26
Polkadot will usher in 5 important technological breakthroughs in 2024 | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)
Bitget: PepeCoin (PEPECOIN) — December 25, 11:00 AM;
KuCoin: ANALOS (ANALOS) — to be confirmed; Zoopia Staking (ZOOA) — December 26, 10:00 AM.

2. Cryptocurrency Trends:

  • Polkadot founder Gavin Wood outlined in his annual review the 5 important technological breakthroughs in 2024. Four important infrastructure projects are expected, including Agile Coretime, On-Demand Parachains, Ethereum Snowbridge, and Kusama bridging. Elastic Scaling technology is the fifth major technological breakthrough.
  • Bitcoin Cats launches 1CAT Golden Shovel Plan and the first mining project is BitLand. Participants can earn ecosystem partner tokens by staking 1CAT tokens.
  • Zhu Su, co-founder of Three Arrows Capital, has initiated a social platform vote proposing the migration of the OPNX governance token OX to the Cosmos blockchain. The available options for the migration process include Injective, Neutron, Sei, and Luna. Zhu Su will run the vote for 24 hours, and suggests that the idea of moving OX to the Inter- Blockchain Communication (IBC) protocol seems like a feasible approach.
  • TrueUSD (TUSD) has announced a partnership with leading accounting firm Moore Hong Kong (MooreHK) to provide attestation reports for TUSD's reserve.
  • Epic Games will admit some games with NFT and blockchain elements to be listed on its platform again.
  • ORDI reached a new high of $78 and is now at $76.12. It was up 44.77% in 24 hours. 1000SATS rose to $0.000889 at one point and is now at $0.0008717, up 41.58% in 24 hours.

3. Financing Trends:

  • Bitcoin mining company Stronghold Digital Mining announced the signing of a securities purchase agreement worth $15 million with an institutional investor. Stronghold said it will use the funds to increase the number of its mining equipment and advance its carbon capture plan.

4. Regulatory Trends:

  • The Securities and Futures Commission (SFC) in Hong Kong has specified that SFC-authorized virtual asset (VA) funds should only invest in VA tokens that are accessible for trading on SFC-licensed virtual asset trading platforms (VATPs). Both in-kind and in-cash subscription and redemption are allowed for SFC-authorized spot VA ETFs. For ETFs that invest in spot VA, their participating dealers should be SFC-licensed corporations or registered institutions, and are subject to additional terms and conditions to be imposed by the Licensing Department.
  • Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee: Crypto legislation is expected to become law in the first half of 2024.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.