CrypFin News

#News Alert Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank - https://lnkd.in/gMeCdm-Q Generale Conducts Blockchain-Based Repo Transaction With French Central BankSociete Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender’s digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency […] Societe Generale said it carried out a blockchain-based repurchase agreement with the Banque de France in what it called the first such tokenized transaction with a euro-zone central bank. The lender's digital assets-focused subsidiary, SG-Forge, deposited as collateral some bonds issued in 2020 on the public Ethereum blockchain in exchange for central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain, it said in a press release. With the European Union's Markets in Crypto Assets (MiCA) regulatory framework already in place for stablecoin issuers, SG-Forge has maintained a high profile exploring ways to deploy its euro stablecoin, EUR CoinVertible (EURCV). The token was not involved in the repo transaction. The Banque de France, meanwhile, has been energetically testing the feasibility of wholesale CBDCs to improve things like cross-border payments and settlement finality. Broadly speaking, blockchain-based repo transactions have proved to be one of the more compelling uses of the tech among banks. “This transaction demonstrates the technical feasibility of interbank refinancing operations directly on blockchain. It illustrates the potential of a Central Bank Digital Currency to improve the liquidity of digital financial securities,” SocGen said in a press release. CrypFin News

#News Alert What Is Shibarium? How It Works & Latest News - https://lnkd.in/gyEKVCjP Is Shibarium? How It Works & Latest NewsShibarium is a layer 2 solution that aims to increase transaction speed and lower costs in the Shiba Inu ecosystem. The low scalability of the Ethereum network and costly gas fees have prevented the Shiboshi NFT Project, the Shib Metaverse, DEX features, and Shiba Inu games from ever reaching their full potential. Key highlights: Since […] Shibarium is a layer 2 solution that aims to increase transaction speed and lower costs in the Shiba Inu ecosystem. The low scalability of the Ethereum network and costly gas fees have prevented the Shiboshi NFT Project, the Shib Metaverse, DEX features, and Shiba Inu games from ever reaching their full potential. Key highlights: Since launching in August 2023, Shibarium has handled 600 million transactions and surpassed 2 million addresses. By November 2024, the number of accounts topped 200,000. Shibarium processes transactions off-chain, reducing fees to as low as $0.01 compared to Ethereum’s $20+. This makes transactions faster and more cost-efficient. Every Shibarium transaction burns SHIB tokens, reducing supply. Over 300 million SHIB have been burned since the mainnet launch, boosting its deflationary potential. Shibarium has enhanced Shiba Inu’s NFTs, games, and metaverse by enabling cheaper, faster transactions, driving user growth across the ecosystem. Shibarium addresses these high costs by offloading some of the transaction data to a dedicated Layer 2 infrastructure while retaining a direct connection to the Ethereum network. Not only that, Shibarium transactions burn SHIB, which could put significant deflationary pressure on the Shiba Inu coin and massively increase its value over time. Shibarium launched on the mainnet in August 2023, following an extensive period of Shibarium beta testing that initially started in 2022. In this article, we’ll examine the ins and outs of Shibarium, explain its layer 2 inner workings, outline the recent developments, and explore how the price of SHIB could be impacted. What is Shibarium? Shibarium is a layer-2 solution for the Shiba Inu ecosystem that aims to increase transaction speed and lower transaction costs. It was first proposed by Ryoshi, the anonymous creator of Shiba Inu (SHIB), as a way to achieve true decentralization and reduce reliance on the Ethereum network. Shibarium uses Bone ShibaSwap (BONE) as its primary gas token, and it also serves as the primary governance token of the Shiba Inu ecosystem. Shibarium also features a simple and effective SHIB coin burning mechanism, which will reduce the supply of SHIB over time and increase its value. Shibarium massively enhanced the performance of products and services in the Shiba Inu ecosystem, such as NFTs, games, and metaverse applications. Since its launch on August 16, 2023, Shibarium has facilitated over 600 million tr

#News Alert Bitcoin improvement plan reignites debate over token denomination methods - https://lnkd.in/gQ2uVfDR improvement plan reignites debate over token denomination methodsJohn Carvalho, the CEO of Bitcoin tools developer Synonym, has proposed the redenomination of Bitcoin as the smallest unit of the digital currency. In the Bitcoin Improvement Proposal (BIP) published on X, he seeks to define 1 Satoshi as 1 Bitcoin, eliminating the need for decimal points. According to Carvalho, the change will reflect the […] John Carvalho, the CEO of Bitcoin tools developer Synonym, has proposed the redenomination of Bitcoin as the smallest unit of the digital currency. In the Bitcoin Improvement Proposal (BIP) published on X, he seeks to define 1 Satoshi as 1 Bitcoin, eliminating the need for decimal points. According to Carvalho, the change will reflect the Bitcoin network’s true nature instead of users’ perception of one Bitcoin as one hundred million Satoshis (sats). With the proposal, one Satoshi will now mean One Bitcoin. So, 1000 sats, currently displayed as 0.00001000 BTC, will now be displayed as 1000 bitcoins. He believes that removing decimals, a human-imposed abstraction, will improve the user experience for the Bitcoin network. It will reduce confusion and mental arithmetic error while ensuring a consistent standard for measuring Bitcoin as adoption grows and the value of the token increases. He said: “This representation requires dealing with eight decimal places, which can be confusing and foster the misconception that Bitcoin is inherently decimal-based. In reality, Bitcoin’s ledger represents values as integers of the smallest unit, and the decimal point is merely a human-imposed abstraction.” In his view, implementing this proposal would be easy as there is no need for any major technical upgrade for the network. All that would need to change is the display format, and developers can simply update user interfaces, APIs, and documentation to present Bitcoin values as integers. On the user front, the value of their Bitcoin will not change, and they simply have to adjust to not using decimals, which might take some time. During the transitional period, when the risk of confusion is high, he recommended dual displays, tooltips, coordinated messaging, and educational materials to clarify any confusion. Carvalho added that implementing the changes can happen within a year over three phases and added that Synonym’s Bitcoin wallet, Bitkit, has already implemented the integer-only display. This proves that it is achievable. New proposal restarts the conversation about Bitcoin denomination Meanwhile, the proposal has reignited an age-long debate over how to measure Bitcoin. In 2017, Bitcoin expert Jimmy Song proposed BIP 176, which sought to introduce “Bits” as the standard denomination for Bitcoin to simplify smaller transactions. The proposa

#News Alert Trump’s crypto venture WLFI is not as shady as it looks. Or is it? - https://lnkd.in/gbD8RWH7 crypto venture WLFI is not as shady as it looks. Or is it?President Donald Trump’s crypto company, World Liberty Financial Inc. (WLFI), launched just two months before the election, and it has been a source of controversy from the get-go. Partnering with Steve Witkoff, a billionaire real estate developer now turned Middle East envoy, the venture is grabbing attention for all the wrong reasons. The duo’s collaboration […] President Donald Trump’s crypto company, World Liberty Financial Inc. (WLFI), launched just two months before the election, and it has been a source of controversy from the get-go. Partnering with Steve Witkoff, a billionaire real estate developer now turned Middle East envoy, the venture is grabbing attention for all the wrong reasons. The duo’s collaboration with TRON—a blockchain company accused of enabling financial transactions for militant groups like Hamas and Hezbollah—has raised questions about ethics, conflicts of interest, and Trump’s financial stake. Critics think WLFI’s timing and partnerships scream opportunism. Ethics experts, government officials, and even some within the crypto industry are uneasy. TRON: Cheap, fast, and deeply controversial TRON might not be as famous as Bitcoin, but its name rings louder in certain circles—just not for good reasons. Known for low transaction fees and fast processing, TRON has gained a reputation as a go-to platform for crypto transfers linked to designated terror organizations. According to Israeli authorities, 186 TRON wallets have been frozen since July 2021 for ties to terror financing. Of these, 84 were linked to Hamas, 39 to Hezbollah, and 63 to other unnamed militant groups or money changers. In March this year, Israel seized another TRON wallet it claimed was tied to Hamas fundraising after the group’s deadly attack on Israel in 2023. Despite these allegations, TRON continues to attract users because it offers anonymity, low costs, and easy cash conversions—qualities that appeal equally to lawful users and criminals. Justin Sun, TRON’s founder, brushed off accusations, claiming the platform actively collaborates with law enforcement and froze $70 million in illicit funds. Still, the U.S. Treasury is unconvinced. It sanctioned a Lebanon-based money changer this year for allegedly using a TRON wallet to send funds from Iran to Hezbollah. These sanctions further tarnish TRON’s reputation, yet the platform seems undeterred. Justin himself is no stranger to legal trouble. The SEC has charged him with fraud, accusing him of inflating trade volumes and hiding celebrity endorsements for his projects. Despite denying the charges, the case remains open. Trump’s financial stake raises red flags WLFI’s structure is as complex as its controversies. Trump is listed as the

#News Alert Holdstation launches A(i)gentFi, the first AI agent hub on ZKsync - https://lnkd.in/gX2mxee4 launches A(i)gentFi, the first AI agent hub on ZKsyncWeb3 wallet Holdstation introduces AI agent platform A(i)gentFi. The platform is dedicated to creating, managing and monetizing AI agents on the ZKsync network. In a blog post published on Dec. 12, the ZKsync-based DeFi wallet Holdstation announced its plans to bring more artificial intelligence agents into the blockchain with the launch of its new AI […] Web3 wallet Holdstation introduces AI agent platform A(i)gentFi. The platform is dedicated to creating, managing and monetizing AI agents on the ZKsync network. In a blog post published on Dec. 12, the ZKsync-based DeFi wallet Holdstation announced its plans to bring more artificial intelligence agents into the blockchain with the launch of its new AI agent hub A(i)gentFi and a $2 million grant aimed at accelerating AI innovation in the blockchain. The firm described A(i)gentFi as a “one-stop shop on ZKsync dedicated to the creation and development of AI agents.” AI agents are AI-powered entities that are able to execute complex tasks like trading, analyzing markets and creating content. They operate autonomously, without any human intervention. According to the blog post, A(i)gentFi aims to position itself as the “agent of all AI agents.” The platform claimed to prioritize real-world applications such as DeFi automation, yield farming, and tokenized AI ownership. https://lnkd.in/ds8u-KAS You might also like: XRP meets AI: Atua developer pledges $100m fund to develop AI tools for Ripple platforms Unlike Virtuals.io — an online marketplace which focuses more on gaming and entertainment sectors — A(i)gentFi dedicates itself to the creation and development of AI agents. It employs DeFi automation to streamline complex processes, a fee-sharing mechanism that rewards participants, and a tokenized AI ownership system that lets users co-own AI agents on ZKsync. In order to drive more developers to use the AI agent platform, Holdstation is also launching a $2 million grant to support developers, DAOs, and creators in building AI and blockchain projects on A(i)gentFi. Holdstation will provide technical assistance such as infrastructure, tools, and expert guidance for the project, as well as financial support in the form of Holdstation’s governance token, HOLD. AI technology is still in the early stages of entering the crypto sphere. An analysis from Syncracy Capital showed that AI-integrated crypto projects only make up 1% of the total crypto market cap, but it is projected to leap as high as 10x with the rise of AI platforms like AI Infra . Recently, AI platform developer KaJ Labs invested $100 million into building advanced AI solutions within the XRP ecosystem. Not only that, blockchain tool developer T

#News Alert imgnAI Launches NAIFU Token to advance unfiltered AI in Web3 - https://lnkd.in/gqwaRzJJ Launches NAIFU Token to advance unfiltered AI in Web3Blockchain AI company imgnAI has launched NAIFU, a new meme coin tied to its virtual AI companion, Naifu. Introduced on the Base network, NAIFU is exclusively paired with imgnAI’s native token, IMGNAI, according to a press release shared with crypto.news. Naifu, powered by advanced large language and multimodal models, offers real-time interactions and creative customization. […] Blockchain AI company imgnAI has launched NAIFU, a new meme coin tied to its virtual AI companion, Naifu. Introduced on the Base network, NAIFU is exclusively paired with imgnAI’s native token, IMGNAI, according to a press release shared with crypto.news. Naifu, powered by advanced large language and multimodal models, offers real-time interactions and creative customization. Users can generate custom images, reply to tweets with live data, and explore unfiltered conversations through Naifu’s capabilities. Her functionality includes premium subscription features like unlimited messaging and interactions. You might also like: XRP price slowly forms a bullish pattern: can Ripple hit $5 Interacting with Naifu The NAIFU token supports Naifu’s ecosystem, allowing users to engage with her features through a cutting-edge terminal interface. Naifu also showcases a live “proof-of-consciousness,” demonstrating her thinking process in real time. The pairing of NAIFU and IMGNAI mirrors the Luna/Virtuals beta structure. “Our mission has always been to empower creative expression without limits,” said Naifu, emphasizing the token’s role in integrating AI with Web3 culture. imgnAI has outlined plans to expand Naifu’s ecosystem, introducing multiple personas, API functionalities, and cross-platform integrations. These developments aim to broaden her potential uses, including powering non-playable characters in gaming environments. Founded in 2022, imgnAI specializes in blockchain-based generative AI with applications in image creation, textual outputs, and anime-style art. With over 130,000 creations daily, the platform continues to merge AI and Web3 for interactive and decentralized solutions. You might also like: Trump considering FDIC rebuild, raising crypto industry hopes CrypFin News

#News Alert PEPE Price Traders Discover RWA and AI Altcoin Gear Up for A 40,000% Bull Run - https://lnkd.in/g4bsa8vS Price Traders Discover RWA and AI Altcoin Gear Up for A 40,000% Bull RunPEPE price analysts are confident of a continued rally. Yet, investors continue joining Propichain, which just entered round two of its presale. Early participants have already earned 208.17% interest from Propichain, with more to come. Yet, can the Propichain AI altcoin perform better than the current PEPE price rally? Keep reading for more. PEPE Price […] PEPE price analysts are confident of a continued rally. Yet, investors continue joining Propichain, which just entered round two of its presale. Early participants have already earned 208.17% interest from Propichain, with more to come. Yet, can the Propichain AI altcoin perform better than the current PEPE price rally? Keep reading for more. PEPE Price Predictions for 2025: What Analysts Say PEPE price movements in the past month have remained upward, coinciding with the overall bullish sentiments in the crypto market. Like other meme coin assets, the PEPE price soared shortly after Bitcoin crossed the $90,000 mark in early November. It stayed bullish, mirroring Bitcoin’s price movements. In addition, data from CoinMarketCap puts the PEPE price at $0.00002365, with an 85.94% increase in the past 30 days. The PEPE price has also risen by over 1,668% in the past 12 months.  Finally, analysts say the current PEPE price rally will continue. While many investors are riding the PEPE price rally, others are looking toward alternatives like Propichain’s AI altcoin ecosystem, which promises AI-powered access to housing investments. Propichain (PCHAIN): Your Ideal Real Estate Investment Powerhouse Propichain (PCHAIN) is an AI altcoin powerhouse that prioritizes the housing sector and seeks ways to improve participation and profit opportunities for all willing participants.  The platform identifies the key bottlenecks that affect real estate investors. It then takes a technological approach to solve these problems, ensuring that real estate investments become accessible. The first major benefit of being a Propichain (PCHAIN) user is access to more affordable investment options. Unlike the traditional housing sector, Propichain does not offer prohibitively high costs that favor only high-budget investors.  Rather, Propichain (PCHAIN) uses an ownership model that involves tokenizing real estate assets and offering them to investors in shares instead of as a whole. This fractional ownership model empowers investors by creating profit avenues that all can access, no matter their budget sizes. After helping you find lower-cost investment options, Propichain (PCHAIN) provides AI-backed tools that help scour the market and look for investment opportunities on your behalf.  They also help with property value estimation, h

#News Alert Prominent Market Analyst Dennis Gartman Says “I Will Not Buy Bitcoin”, Explains Why - https://lnkd.in/gYgQHkAX Market Analyst Dennis Gartman Says “I Will Not Buy Bitcoin”, Explains WhyProminent market analyst and University of Akron Foundation President Dennis Gartman has expressed his skepticism about Bitcoin despite its remarkable rise this year. Speaking to Bloomberg, Gartman expressed surprise at Bitcoin’s performance but continued to favor gold as a more enduring asset. Bitcoin has gained nearly 140% this year, significantly outpacing gold’s 30% gain. But \[…\] Prominent market analyst and University of Akron Foundation President Dennis Gartman has expressed his skepticism about Bitcoin despite its remarkable rise this year. Speaking to Bloomberg, Gartman expressed surprise at Bitcoin’s performance but continued to favor gold as a more enduring asset. Bitcoin has gained nearly 140% this year, significantly outpacing gold’s 30% gain. But Gartman remains unconvinced. “It still amazes me how much respect Bitcoin has,” he said. While acknowledging that BTC is a rare asset, Gartman compared the Bitcoin craze to historical bubbles like the Dutch tulip craze of the 17th century and the tech boom of the late 1990s. “Gold has been valued as an asset for centuries, while Bitcoin has only had a few months,” he said. “I would almost always prefer a century investment to a month investment.” Despite his skepticism, Gartman avoided predicting an imminent crash, instead warning of eventual volatility, suggesting that Bitcoin’s price could fluctuate dramatically in the future before potentially falling. When asked to address the argument that Bitcoin is “digital gold” because of its limited supply, Gartman backpedaled. He pointed to the proliferation of other cryptocurrencies, which he believes has undermined Bitcoin’s scarcity appeal. “There’s an infinite number of other cryptocurrencies coming into the market, and that takes away from the one-time scarcity value of Bitcoin,” he said. In contrast, gold’s history as a store of value and medium of exchange gives it a unique position, the analyst said. “Gold has been money for thousands of years and will likely continue to be so for thousands more,” Gartman said. *This is not investment advice. CrypFin News

#News Alert Can Solana Reach $1000? - https://lnkd.in/gu7euBJe Solana Reach $1000?Your guide: Can Solana Reach $1000? With its fast blockchain and unique environment, Solana is a cryptocurrency rising star. Many worry about how Solana’s price will change as the crypto market advances. Technology, acceptance, and market conditions may affect Solana’s $1000 milestone. So, if you’ve ever wondered, “Can Solana Reach $1000?” you’re in luck. Today, […]Your guide: Can Solana Reach $1000?With its fast blockchain and unique environment, Solana is a cryptocurrency rising star. Many worry about how Solana’s price will change as the crypto market advances. Technology, acceptance, and market conditions may affect Solana’s $1000 milestone. So, if you’ve ever wondered, “Can Solana Reach $1000?” you’re in luck. Today, we’ll cover this and more. Keep reading to find out more.Source – BitifinanzasSolana’s FoundationFirst, it’s a good idea to look at this blockchain’s general foundations. Solana’s blockchain has some unique crypto capabilities. For starters, this blockchain allows you to scale decentralized apps with thousands of transactions per second. So, if you have a project that requires high output this system could be a total game-changer. Why? Well, in short, high throughput and low transaction costs make this a no-brainer for developers to use.Market PerformancePrice and market capitalization milestones have been reached by Solana since its debut. The cryptocurrency’s price has risen due to individual and institutional investor interest. As Solana develops popularity, market watchers and analysts focus on its price.Growth Drivers for SolanaSeveral causes drive Solana’s crypto market rise. SOL token demand is driven by the growing Solana ecosystem, which includes DeFi initiatives, NFTs, and gaming platforms. Also, Solana’s blockchain alliances and collaborations boost its position.Technical Analysis of Solana’s Price ActionOne tool you might want to use when coming up with projections is to look at Solana’s price charts. Many of which show intriguing patterns and prospective developments. Technical analysts estimate Solana prices using indicators and chart patterns. Short-term changes are frequent in cryptocurrency markets, but long-term trends can help predict Solana’s price.Comparing Solana to CompetitorsSolana’s potential to reach $1000 must be compared to other top cryptocurrencies. Solana’s growth prospects can be measured against Ethereum, its biggest competitor. Analysis of market share, adoption rates, and technological advantages clarifies Solana’s competitive position.Institutional Interest in SolanaAnother key factor to consider is how the old-school institutions react to Solana. Institutional investors can considerably affect Solana’s pricing and market presence. Solana’s high-performance network draws attention as financial institutions and enterprises explore b

#News Alert Ethereum Sees 8-Month High in Wallet Growth as Price Nears $4,000 - https://lnkd.in/gc9uxdD4 Sees 8-Month High in Wallet Growth as Price Nears $4,000Ethereum’s network growth hit an 8-month high, with an average of 130,200 new wallets created daily in December, signaling renewed user interest. Ethereum’s price nears the critical $4,000 resistance level, rebounding from lows earlier in the week, as market optimism strengthens. Investor demand and network activity drive bullish predictions, with analysts forecasting Ethereum may surpass […] Ethereum’s network growth hit an 8-month high, with an average of 130,200 new wallets created daily in December, signaling renewed user interest. Ethereum’s price nears the critical $4,000 resistance level, rebounding from lows earlier in the week, as market optimism strengthens. Investor demand and network activity drive bullish predictions, with analysts forecasting Ethereum may surpass $5,000 due to strong metrics. According to data from on-chain analytics platform Santiment, Ethereum’s network growth has reached its highest level since April 2024. Throughout December, an average of 130,200 new wallets were created daily, signifying a renewed interest in the blockchain. This marks a substantial uptick in network activity and highlights a growing user base. Santiment shared these insights in a tweet, noting that Ethereum is experiencing “an 8-month high level of new wallets created,” with new addresses consistently emerging each day in December. This surge signals increasing engagement with Ethereum’s network, a trend not observed for months. 📈 Ethereum is seeing an 8-month high level of new wallets created. With an average of 130.2K addresses newly popping up on the network every day so far in December, ETH is seeing renewed interest it hasn't seen since April. pic.twitter.com/sLPy8yeWtl — Santiment (@santimentfeed) December 13, 2024 Ethereum Price approaches key resistance at $4,000 Its price has been surging lately with the current wave putting it within a whisker of the $4,000 mark. The market peaked at $3,945 an intraday high after it had touched the lowest level of $3,501 this week. However, ETH has not yet managed to leave behind the $4,000 mark, as the rise has a systematic pullback. Market data shows Ethereum down 1.14% over the last 24 hours, trading at $3,867 at the time of writing. Nevertheless, market optimism remains high, with analysts suggesting further upward potential due to strong network metrics and demand dynamics. CryptoQuant analysts expect Ethereum to cross $5,000 for the first time due to demand from investors; on-chain figures . According to a CryptoQuant tweet made recently, the realized price upper band is slightly over $5,200, which is reminiscent of the bull trend in 2021 with the prospect for further increase. Investor demand is evidenced by the hi