Bankless ROLLUP: Are Record Inflows Good For ETH? | New Crypto & AI Czar | Record Liquidations | Where To Next?
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Dec 13, 2024 Bitcoin's wild ride included a plunge to $93K and $1.1B in liquidations, shaking the market. Ethereum ETFs saw record inflows, and Layer 2 solutions are making waves with nearly 1M ETH bridged. A new political figure, dubbed the Crypto Czar, might reshape regulations as the crypto landscape faces challenges and opportunities. Predictions soar with Bitcoin aiming for $250K, while the total crypto market cap nears $4 trillion. The DeFi sector is buzzing, even as quantum computing poses risks to security. It's a thrilling time in the ever-evolving crypto world!
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Trump on Bitcoin Reserve
- Donald Trump expressed interest in creating a strategic reserve for Bitcoin, similar to the Strategic Petroleum Reserve.
- He believes the U.S. should embrace crypto to stay ahead of China and other nations.
AI Agents and Permissionless Perps
- Ryan Sean Adams is bullish on DYDX's permissionless perpetuals, especially with the potential for AI agent integration.
- He expresses caution, however, about the implications of AI-driven trading in this context.
Market Resilience
- Despite a significant market drop and liquidations, Bitcoin and Ethereum prices quickly recovered.
- This rapid recovery indicates a strong bull market, with buyers actively supporting the market.