What is DeFAI? The AI-enabled DeFi narrative looking to take 2025 by storm
AI-driven DeFi projects aim to simplify finance with real-time insights, trading, and personalized strategies, but face hurdles in transparency and security.
Happy Wednesday!
The intersection of artificial intelligence and decentralized finance (DeFi) is poised to redefine the financial landscape as we approach 2025. With innovative projects aiming to enhance trading strategies and provide real-time insights, the DeFAI narrative is gaining traction, despite challenges related to transparency and security. Meanwhile, Standard Chartered sees Bitcoin as a promising investment opportunity, recommending purchases below $90,000 while projecting a year-end price of $200,000. In a show of philanthropy amidst regulatory battles, Ripple has donated $100,000 in XRP for wildfire relief in California. Additionally, changes in accounting rules are transforming Bitcoin from a speculative asset into a corporate essential, signaling a shift in institutional demand that could significantly impact the market. Stay tuned for these developments and more in today's newsletter!
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The global crypto market cap is $3.47 trillion, with a 24-hour volume of $140.59 billion. The price of Bitcoin is $99,314.51, and BTC market dominance is 56.7%. The price of Ethereum is $3,340.05, and ETH market dominance is 11.6%. The best-performing sector is Art, which gained 29%. The Crypto Fear & Greed Index is currently Greed (70).
What is DeFAI? The AI-enabled DeFi narrative looking to take 2025 by storm
AI-driven DeFi projects aim to simplify finance with real-time insights, trading, and personalized strategies, but face hurdles in transparency and security.
📰 Top News
StanChart recommends buying Bitcoin below $90,000, reaffirms $200k year-end price projection
Bitcoin is currently under pressure from macro risks but any retracement below $80,000 presents a "medium-term" buying opportunity, according to Standard Chartered.
Ripple donates $100,000 in XRP for California wildfire relief amid ongoing SEC battle
Ripple exemplifies cryptocurrency's philanthropic potential despite ongoing legal battles with the SEC.
Accounting rule changes have turned Bitcoin from risky venture to corporate must-have – Bitwise
According to Matt Hougan, the demand from this companies could impact the Bitcoin market in a positive and significant way.
📈Latest Insights
Bitcoin edges back towards $100,000 as US inflation data aligns with forecasts at 2.9%
Ethereum layer-2 revenue hits $277 million in 2024, spearheaded by Base’s $92 million
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