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Blockchain developer Alchemy has launched a $5 million “Everyone Onchain Fund” to promote Web3 adoption on Ethereum. The funding will provide developers building on Alchemy with up to $10,000 in gas credits and $20,000 in computing credits. Support will initially be rolled out to OP Stack and Arbitrum Orbit.
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The latest edition of VC Roundup features seven funding announcements from across the industry.
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Both the US House and Senate held hearings on crypto debanking in early February that heard from crypto executives on their claimed torrid dealings with trying to access financial services under the Biden administration.
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Bybit CEO Ben Zhou also confirmed that the exchange is “back to 100%” full backing on client assets.
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In total, the exchange restored its reserves through a combination of loans, asset purchases and large holder deposits.
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In its announcement earlier this month, HK Asia said its board had seen the “increasing popularity of cryptocurrencies in the commercial world” as part of the reason for its initial BTC purchase.
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https://warpcast.com/amelia569082/0xd541bf6e
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Leithner said that a CBDC would improve efficiency in financial transactions and strengthen the EU’s economic autonomy.
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He also highlighted the need for technological developments around “cash on ledger” or “programmable payments” systems to ensure seamless interconnection between the EU’s permanent CBDC and existing payment systems and services.
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“The ECB’s joint approach with national central banks around a central bank digital currency will facilitate exploration of the most suitable solutions and truly enrich the EU’s capital markets ecosystem,” he said.
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In a written statement, Consensys attorney Bill Hughes characterized the incoming Trump administration as a “sea change.” The attorney told Cointelegraph:
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President-elect Trump has launched a memecoin, aptly named Official Trump (TRUMP), on Jan. 17 — drawing both praise and criticism from attorneys, with some arguing that the token signals a positive regulatory shift in the United States and others warning of a Constitutional violation.
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This change is partly because “retail traders increasingly enter the crypto market through Solana [as] speculation intensifies around Solana-based memecoins and AI agent tokens,” Grayscale said in a December research note.
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President-elect Donald Trump’s plan to establish a strategic Bitcoin reserve in the United States has fueled enthusiasm and debate, with rumors now that six other international governments are looking to emulate the US, including Russia, Japan and Thailand. Such a bold move signaled that top-tier governments now consider Bitcoin strategic holdings rather than fringe experiments.
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“[T]he growth of spot Bitcoin ETFs stemmed from two main factors: broad Bitcoin adoption and a superior product,” Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph in November.
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Bitcoin has dominated the ETF landscape since spot BTC ETFs launched in January. Investor interest accelerated after crypto-friendly President-elect Donald Trump prevailed on Nov. 5 in the US elections.
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On Nov. 21, US Bitcoin ETFs broke $100 billion in net assets for the first time, according to data from Bloomberg Intelligence.
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Rooch is also integrating the Move programming language, enabling developers to build Bitcoin applications using this language on Rooch. The pre-mainnet provides all necessary tools to develop mainnet-ready applications, except for the official Rooch protocol utility token, which will launch at a later date.
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Rooch has also introduced Grow Bitcoin, a platform designed to bootstrap the Rooch ecosystem and accelerate the growth of the overall Bitcoin ecosystem. The platform allows users to vote for their favorite Bitcoin projects and get rewards by proving their BTC holdings. Users can lock different versions of BTC —like native BTC, BTC staked in the Babylon protocol or wrapped versions of BTC— to participate.
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Rooch is offering incentivized campaigns during the pre-mainnet phase tied to an upcoming mainnet airdrop. The network operates a dual-token economy, utilizing a gas token called RGas and a governance token for distinct functions. Users can check the related page to claim their RGas tokens.
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