DeFi
The Virtuals team will use nearly 13 million VIRTUAL ($12 million) to buy large quantities of 25 types of AI agent tokens rolled out on its platform to remove them from circulation.
Out of a total 700 Million JUP tokens to be distributed, 440 million tokens have been earmarked for users, 60 million JUP to stakers, and the remaining for growth campaigns to expand the user base.
Markets
The large crypto trader had spun up a bounty of wallets to stake more than a million of Chainlink’s LINK tokens – apparently a workaround to the original 7,000-token-per-wallet limit.
Returning to a $1 billion market capitalization, the price of FARTCOIN, an AI memecoin, is largely impacted by its liquidity levels on decentralized exchange Raydium.
Ethereum
The handle @Ethereum will be used as a general account to share updates about the network, while @EthereumFndn will focus on sharing specific announcements regarding the nonprofit, such as grants and disclosures for treasury movements.
Bitcoin
The U.S. Dollar Index, which measures the greenback’s strength against foreign currencies, is at a two-year high.
Regulation
Added to the commission under the Biden administration, Mersinger consistently dissents from anti-crypto enforcement actions.
The program has already incurred a cost of roughly $1.2 million with the vast majority stemming from legal fees for entity setups and expenses for general administration.
A new product offering for traditional finance firms, an integration with Telegram, and building an operational network with applications are key elements of Ethena’s plans for 2025.
The industry is used to things moving more quickly than politics allow.
