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Privacy-focused AI platform Venice has introduced its VVV token on the Ethereum Layer 2 Base network.Of the 100 million tokens created at Genesis, half are being airdropped to Venice users and crypto AI community projects.
AI cryptocurrencies dropped 10% in market cap as DeepSeek disrupts the industry. Top coins suffer losses, fueling concerns about AI projects.
Analysts Anticipate Bullish Altcoin Rally: Ethereum Leads with Potential Breakout
Quick Take The crypto fund manager previously submitted a registration filing in Delaware for a potential Dogecoin exchange-traded fund.
Quick Take While Solana has been the center of memecoin trading activity, Ethereum’s metrics remain stable and trending upward. The following is an excerpt from The Block’s Data and Insights newsletter.
Ethereum’s price has dropped 7% in 24 hours, signaling a strong bearish trend. Rising ADX and whale accumulation highlight market dynamics.
- 08:34A whale failed to sell ai16z and ZEREBRO at the best time and missed out on more than $40 million in profitsAccording to Lookonchain monitoring, a whale did not sell ai16z and ZEREBRO at the best time and missed out on more than $40 million in profits. On January 2, the whale made $40.8 million in unrealized profits on ai16z and ZEREBRO, but he did not sell for profit. On January 9, he sold ZEREBRO and lost about $1 million. 10 hours ago, he sold 21.34 million ai16z ($9.18 million) and lost about $1 million again.
- 08:33Monad to launch testnet this monthPANews reported on February 4 that the parallel EVM network Monad announced on the X platform that the testnet will be launched in February 2025.
- 08:32Indian government official: India is reviewing its stance on cryptocurrencies due to global changesPANews reported on February 4 that India is reviewing its stance on cryptocurrencies due to changes in other countries' attitudes towards the virtual asset. A senior Indian government official told Reuters on Sunday that the review could further delay the publication of a discussion paper on cryptocurrencies originally scheduled for September 2024. Indian Economic Affairs Secretary Ajay Seth said in an interview: "More than one or two jurisdictions have changed their stance on the use, acceptance and importance of cryptocurrencies. In this trend, we are reviewing this discussion paper." Seth also pointed out that since such assets are "not restricted by national borders", India's position cannot be unilateral. He did not specifically mention the United States, but U.S. President Trump ordered the establishment of a cryptocurrency task force last week to propose new digital asset regulations and explore the creation of a national cryptocurrency reserve, fulfilling his promise to overhaul U.S. cryptocurrency policy. In recent years, despite India's strict regulatory stance on cryptocurrencies and high transaction taxes, Indians have invested heavily in cryptocurrencies.