Web3 Daily Crypto News Broadcast

Bruce

Good evening, I’m Bruce, and welcome to the daily Web3 crypto news update. We have a packed agenda today, focusing on recent market movements, regulatory changes, and key updates from various projects in the industry.

Bruce

As of December 24th, the total market capitalization of the cryptocurrency market has reached 3.59 trillion dollars, reflecting an increase of 3.25% from yesterday. However, total trading volume has dipped by 11%, amounting to 188.49 billion dollars.

Bruce

Bitcoin is currently priced at 98,988 dollars, marking a 6.02% rise. It holds a market capitalization of 1.96 trillion dollars, making up 54.6% of the overall market. Meanwhile, Ethereum's price has climbed 5.1% to 3,506.1 dollars, with a market cap of 422.35 billion dollars.

Cassie

In more specific movements, the top five cryptocurrencies with the highest gains today include Phala, Saros, Witnet, Fartcoin, and Cellframe, showcasing significant price increases of up to 74.2%.

Bruce

Today, all sectors within the crypto market saw increases, with notable performances in the non-fungible tokens (NFTs) and AI sectors, indicating a robust recovery. Specifically, the NFT sector rose by 15.4% driven by strong individual token gains.

Cassie

In breaking news, Binance has announced the launch of the DEXEUSDT perpetual contract, offering leverage of up to 75 times, effective from 11:30 UTC today, which is anticipated to attract significant trading activity.

Bruce

Turning to regulatory news, Russia is set to enforce a six-year ban on cryptocurrency mining in ten regions, including Dagestan and Chechnya, starting January 1st, 2025. This decision aims to address power shortages and aligns with new legislative frameworks.

Cassie

Sahara AI has announced an ambitious roadmap for 2024 to 2025, planning to launch a testing network by the end of this month and develop an AI marketplace by the first quarter of 2025, which could redefine the integration of AI and blockchain.

Bruce

Finally, a security report from Slow Mist reveals vulnerabilities in the Humanity Protocol platform. It notes that the platform assigns wallets automatically during Web2 logins, storing plaintext private keys in browser session storage. Thankfully, this issue currently exists only in the testing environment.

Bruce

That concludes our update for today. Stay informed and engaged with the rapidly evolving world of cryptocurrency. Thank you for joining us, and we'll see you tomorrow for more insights and developments.