White House Releases Roadmap to Address Crypto Risks: Protect Investors and Ensure Safety

• The White House has released a roadmap to address the risks related to cryptocurrency.
• The roadmap outlines the Biden Administration’s framework for creating digital assets safely and sustainably.
• The roadmap also focuses on ensuring that cryptocurrencies do not threaten financial stability and protecting investors.

The Biden Administration recently released an official blog outlining its roadmap for mitigating cryptocurrency threats. The blog post aims to develop a cryptocurrency legal framework in the coming months, and put forward a framework for creating digital assets securely and sustainably while addressing the risks they pose.

The roadmap emphasizes the Administration’s priority to ensure that cryptocurrencies do not threaten financial stability, protect investors, and hold bad actors accountable. It goes on to describe the entities that disregard financial regulations and risk practices, as well as cryptocurrency platforms and advocates that frequently mislead users, have conflicts of interest, and fail to disclose adequately or perpetrate massive fraud.

The Administration is utilizing its executive branch authorities to identify the risks of cryptocurrencies and devise ways to mitigate them. This includes strengthening regulations on firms using digital assets, monitoring emerging technologies, and enhancing enforcement mechanisms. In addition, the White House is also working on developing a cryptocurrency legal framework that would enable investors to understand the risks and benefits associated with investing in digital assets.

Furthermore, the White House is also looking to create a digital asset industry that is compliant with securities laws and regulations. This would ensure that digital asset investors are protected from fraud and manipulation. Additionally, the Administration is also engaging with international partners to ensure that the cryptocurrency market is safe and secure from malicious actors.

Overall, the White House’s roadmap on crypto risks is a positive step towards protecting investors and ensuring the safety of the cryptocurrency market. As the Administration develops its legal framework, investors can expect to see more clarity on the cryptocurrency market and increased safety for their investments.

White House Releases Roadmap to Address Crypto Risks: Protect Investors and Ensure Safety

Canine-Themed Tokens See $25B in Trading Volume, Outpacing Bitcoin

• Dogecoin, Shiba Inu, and Bonk Inu recently combined for $25 billion in monthly trading volume.
• Dogecoin accounted for $17.5 billion of the total trading volume, while Shiba Inu and Bonk Inu each accounted for $7.2 billion and $885 million respectively.
• Bonk Inu has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.

Dogecoin, Shiba Inu, and Bonk Inu have recently seen a surge in trading volume over the past month, combining for $25.6 billion in trading activity. This is a significant increase compared to the leading cryptocurrency Bitcoin, which only saw $618.7 billion in trading volume in the same period.

Dogecoin (DOGE) was the clear leader in this canine-themed token group, accounting for a whopping $17.5 billion in trading volume. This was followed by Shiba Inu (SHIB), which saw $7.2 billion in trading volume, and Bonk Inu (BONK), which notched $885 million since its December 25th launch. While BONK is the least-known of the trio, its roller-coaster price trajectory has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.

Despite Dogecoin’s massive popularity, it still has a long way to go to catch up to Bitcoin. However, the recent surge in trading volume for these canine-inspired tokens shows that the digital currency market is still growing and expanding, with more investors looking to diversify their portfolios. As the market continues to evolve, it will be interesting to see how these tokens continue to develop and if they can ever compete with Bitcoin in terms of trading volume.

Canine-Themed Tokens See $25B in Trading Volume, Outpacing Bitcoin

Demand for USDC Stablecoin Skyrockets Following FTX Collapse

• Demand for USDC stablecoin has increased significantly following the collapse of FTX.
• According to blockchain analytics firm Glassnode, USDC now has a daily transfer volume of up to four or five times that of major competitor Tether USDT.
• The surge in usage of USDC is likely attributed to investors looking for a more secure and stable asset during times of high market volatility.

The recent collapse of FTX has caused a surge in demand for the USDC stablecoin, a cryptocurrency issued by the financial services firm Circle. According to a data report from blockchain analytics firm Glassnode, the USDC now has a daily transfer volume of up to four or five times that of major competitor Tether USDT. This surge in usage of USDC is likely attributed to investors looking for a more secure and stable asset during times of high market volatility.

The USDC is a fiat-backed stablecoin, meaning each token is backed by a single US dollar in reserve. This makes it an attractive option for those looking to store their funds in a secure and reliable way. Moreover, the USDC is issued by a large financial services firm, further cementing its status as a reliable asset.

The surge in demand for the USDC is also due to its low fees. The USDC offers a much lower fee structure than its competitors, making it an attractive option for those looking to make large transfers. Additionally, the USDC is supported by a wide range of exchanges, allowing users to easily buy and sell the token.

As more investors look to the USDC as a secure and stable asset during these uncertain times, demand for the token is likely to continue to rise. This demand is also likely to drive up the price of the USDC, making it an increasingly attractive option for those looking to store their funds.

Overall, the USDC is a reliable and secure asset for those looking for a stable store of value. With its low fees and wide support from exchanges, it is no wonder that demand for the USDC is skyrocketing. As more investors flock to the token, it is likely that demand for the USDC will continue to grow in the coming months.

Demand for USDC Stablecoin Skyrockets Following FTX Collapse

Orbeon Protocol Disrupts Crypto Market: Impact on Chiliz and Cardano

• A new trend has emerged in the crypto market that could potentially disrupt it – the emergence of the Orbeon Protocol, which has seen its price climb 805%.
• Chiliz (CHZ) is a blockchain-based platform that provides an easy and secure way to access, manage, and trade digital fan tokens, becoming increasingly popular among sports fans.
• Cardano (ADA) is a smart contract platform developed by an Ethereum cofounder Charles Hoskinson in 2015, capable of executing sophisticated financial contracts and decentralized applications.

The crypto market is an ever-evolving space, making it hard to keep track of the latest trends. Recently, a new trend has emerged that could potentially disrupt the market – the emergence of the Orbeon Protocol. Orbeon Protocol is a crypto darkhorse that has seen its price climb 805% over the past few months. The rise of Orbeon Protocol has been accompanied by the exodus of holders from projects such as Chiliz and Cardano. In this article, we will analyze the potential impact of this trend on the crypto market and the two projects mentioned above.

Chiliz (CHZ) is a blockchain-based platform that provides an easy and secure way to access, manage, and trade digital fan tokens. It has become increasingly popular among sports fans around the world, as it allows them to buy, sell and exchange these tokens, as well as receive rewards for participating in activities on the platform. The main advantage of Chiliz is its easy accessibility and user-friendly interface, which allows users to quickly buy, sell and exchange fan tokens with ease.

However, with the emergence of the Orbeon Protocol and the exodus of holders from projects such as Chiliz, the trend in the crypto market is shifting. Crypto investors have been moving away from sports and celebrity buzz into real utility, meaning that Chiliz could see a drop in price in the near future.

Cardano (ADA) is another project that could be affected by this trend. Cardano is a smart contract platform developed by an Ethereum cofounder Charles Hoskinson in 2015. It is capable of executing sophisticated financial contracts and decentralized applications. As more investors move away from projects such as Chiliz and Cardano, the potential impact on Cardano’s price could be significant.

The emergence of the Orbeon Protocol is a potentially disruptive trend in the crypto market that could affect the price of both Chiliz and Cardano. As the trend continues, investors should be aware of the potential impact on these two projects and keep an eye on the market for any changes.

Orbeon Protocol Disrupts Crypto Market: Impact on Chiliz and Cardano

MEXC Futures Trading Volume Jumps 1200%, Reaches Global Top 4

• MEXC announced a significant breakthrough in its futures business in 2022, with an average daily trading volume growth of 1200%.
• The main reason for the growth of MEXC futures business is that the exchange has reportedly continuously optimized the liquidity of the top 50 tokens by market cap since the beginning of this year.
• Data from CoinMarketCap showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally.

The cryptocurrency exchange MEXC announced a significant breakthrough in its futures business in 2022, with an average daily trading volume growth of 1200%. This is verified from third-party public data. CoinMarketCap’s data showed that among the main exchanges, the daily trading volume of MEXC’s futures reached $2.4 billion, ranking fourth globally.

The main reason for the growth of MEXC futures business is that the exchange has reportedly continuously optimized the liquidity of the top 50 tokens by market cap since the beginning of this year. As a result, by the third quarter of this year, the liquidity of MEXC futures business had reached the leading level globally. Liquidity is a key indicator for futures traders, which directly determines trading fees and experience. This is because the better the liquidity, the better the depth, the higher the turnover rate, the smaller the price difference, the lower the trading fees, and the faster the trading speed. At the same time, under extreme market conditions similar to March 12, 2020, futures products with high liquidity can avoid accidental „pin bar“ patterns.

The figure below shows the futures liquidity data of BTC/USDT and ETH/USDT on main exchanges. From July to November, under the trading depth of 0.05%, the liquidity of MEXC and Bitget ranked first and second respectively. This highlights the advantages of MEXC in terms of liquidity and fee rate, which has been the main driving force behind the significant growth of its futures business.

Overall, MEXC’s impressive growth in its futures business is a testament to the exchange’s dedication to providing high-quality services to its users. The improved liquidity and fee rate have further enabled traders to benefit from the trading experience offered by MEXC, and the exchange expects to continue its growth in the future.

MEXC Futures Trading Volume Jumps 1200%, Reaches Global Top 4