💡 Weekly Recap: Bitcoin's Bullish Outlook, AI + DeFi, and More!

PLUS: A special announcement to make you more 💸

Happy Friday All!

We are proud to announce the launch of our new premium research service!

Starting next Friday, Jan 17th, we’ll be publishing our favorite crypto projects to help guide you on your investment journey!

Now, onto the top digital asset stories of the week… 💡👇

Source: CoinMarketCap Heatmap, 1/10/2024, 6:45pm EST

Bitcoin’s Outlook Remains Bullish Despite Macro Setback: Grayscale 🐂

  • Grayscale's head of research, Zach Pandl, maintains a "structurally bullish" outlook for Bitcoin despite recent macroeconomic challenges, including a strong US dollar and hawkish Federal Reserve policies.

  • A positive US jobs report on January 10 led to a temporary dip in Bitcoin's price below $93,000, as it reduced the likelihood of interest rate cuts and bolstered the dollar. Futures markets now estimate less than a 3% chance of a rate cu

  • Grayscale and Steno Research anticipate 2025 to be a landmark year for crypto, driven by favorable regulations and increased institutional adoption, with Bitcoin ETFs already surpassing $100 billion in net assets.

  • View Full Article

Source: CoinTelegraph

 DeFAI: Top Projects Tackling AI Agents + DeFi 🤖

  • The DeFAI sector, which combines AI agents with DeFi, is rapidly evolving, with developers creating applications that utilize AI for navigating decentralized finance.

  • Recent innovations have seen onchain AI agents progress from simple tasks like posting tweets to more complex roles such as managing investment DAOs.

  • Despite the recent launch of many projects, there is growing excitement and anticipation for significant developments in the DeFAI space.

  • View Full Article

Source: Bankless

Cynthia Lummis Tapped to Lead First-Ever Senate Crypto Subcommittee 🏛️

  • Wyoming Senator Cynthia Lummis has been selected to lead the first-ever Senate subcommittee focused on digital assets, an extension of the Senate Banking Committee.

  • The subcommittee's creation aligns with the leadership of Tim Scott, the new chairman of the Senate Banking Committee, who advocates for the democratizing potential of cryptocurrency.

  • Lummis, a known Bitcoin advocate, has previously proposed legislation for the U.S. to establish a strategic Bitcoin reserve.

  • View Full Article

Source: Decrypt

Four Solana ETFs are about to hit their approval deadlines. Here’s what analysts say will happen 💸

  • The SEC's initial deadline to approve four Solana ETFs is approaching on January 25, but experts predict a delay in approval due to unresolved issues.

  • Analysts, including Edouard Hindi from Tyr Capital, expect the SEC to postpone its decision to the second deadline on March 11.

  • Solana lacks a regulated US-based futures market, a key factor that previously influenced the approval of Bitcoin and Ethereum ETFs.

  • View Full Article

Source: DL News

Polymarket Faces Backlash Over ‘Sick’ California Wildfire Markets 🔥

  • Polymarket is under fire for hosting prediction markets on the outcomes of the ongoing California wildfires, which have led to the evacuation of over 137,000 people and five deaths.

  • Users have created markets predicting the spread of the fires, containment timelines, and potential political resignations, with some markets reaching nearly $100,000 in volume.

  • The markets have been criticized online as "sick" and "uncouth," with concerns that they might incentivize harmful actions to influence outcomes.

  • View Full Article

Source: Protos

Thank you for reading this edition of Digital Asset Insights!

VaultCraft launches V2, TVL skyrockets above $100M

VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin

  • Matrixport, Asia’s leading crypto providers, commits $100M+ in Bitcoin

  • OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards

Reply

or to participate.