Crypto Projects’ Market Caps Plunge Below VC Valuations Amid Market Downturn

  vor 3 Tagen

VC-backed crypto projects are experiencing significant valuation resets, with many trading at market caps far below their private funding rounds due to market downturns and reduced liquidity. For instance, projects once valued at $1 billion now hover around $285 million or less, highlighting the gap between hype-driven VC pricing and current realities. Valuation Disconnect: Several [...]

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Power Protocol Announces Expansion of Its Web3 Distribution Layer

  vor 3 Tagen

Road Town, British Virgin Islands, December 23rd, 2025, Chainwire As part of this expansion, Power Protocol is opening its distribution and engagement layer to additional first- and third-party consumer applications, marking the start of a new ecosystem growth phase beyond its flagship title. Many consumer applications across Web2 and Web3 struggle not because of a lack of infrastructure, but because of weak engagement, poor retention, and monetization models that fail to convert active users into long-term participants. Power Protocol takes the view that sustainable growth starts with strong products, and that engagement systems must be designed to reinforce real user behaviour rather than compensate for it. This approach is reflected in Fableborne, Power Protocol’s flagship partnered game. During public beta, Fableborne attracted over 380,000 players, reached a peak of 108,000 daily active users, and generated approximately $1.1 million in revenue. Its current season includes participation from more than 38 guilds, supported by a Guilds Prize Pool totaling 614,394 $POWER. Building on this foundation, Power Protocol positions itself as a Web3 enhanced distribution and engagement layer for consumer applications. The protocol enables apps to integrate reward, reputation, and competitive systems that support growth, retention, and the conversion of engagement into economic activity. Power Protocol: A High‑Intent Distribution Layer for Consumer Apps Power Protocol is presented as a consumer-focused distribution and engagement layer designed to help applications scale through user behaviour. The protocol abstracts blockchain complexity away from end users while providing developers with systems that support participation, social dynamics, and organic growth. Activity across connected applications is designed to converge on the $POWER token through usage, participation, and ecosystem mechanics. The ecosystem also includes Power Labs, which provides technical and strategic support to a select group of development teams. Power Labs works with games, studios, and consumer products incorporating blockchain and AI elements, with the aim of reinforcing engagement, experimentation, and long-term ecosystem participation. Projects supported through Power Labs are intended to contribute recurring activity and demand back into the broader Power Protocol ecosystem. Three‑Layer Ecosystem: Applications, Distribution, and Expansion Power Protocol describes its ecosystem as consisting of: Gaming Utility – $POWER is used within Power Protocol’s first application, Fableborne, where it supports live gameplay systems and user participation. The protocol plans to extend this utility to additional first- and third-party consumer applications over time. Infrastructure Token – $POWER is described as supporting the protocol’s infrastructure functions, enabling developers to manage live operations, integrate fiat users, and connect on‑chain value flows. Ecosystem Expansion – Through Power Labs, $POWER functions as a unit of value for funding, mentoring, and acceleration support for selected projects. Applications and teams participating in this layer are expected to contribute activity and value back into the ecosystem, creating recurring sources of demand independent of any single product. $POWER Token: Value Capture Across the Ecosystem Power Protocol describes $POWER as a token designed to capture value across applications, studios, brands, and partners. According to the protocol, the token’s value proposition operates through integrations, transactions, staking, buybacks, and treasury mechanisms supported by ecosystem activity. Holders are able to stake $POWER for seasonal rewards, including through integrations such as the Fableborne Kingdoms NFT collection. A portion of the token supply is allocated for staking rewards, according to the release. Tokenomics Details The total supply of $POWER is 1,000,000,000 tokens, deployed across the Ethereum, BNB Smart Chain, and Ronin networks. The allocation is described as: Community Rewards & Emissions: 37.2% Ecosystem Fund: 28% Investors: 16.15% Team: 9.23% Liquidity: 5% Advisors: 4.42% The release schedule includes staged unlocks and vesting periods designed to support long-term distribution, liquidity, and sustained ecosystem participation. Power Protocol also notes that $POWER is listed on exchanges including Binance Alpha and LBank, providing access for users globally. Looking ahead, Power Protocol emphasizes its focus on advancing user engagement and retention through deeper product integration, and expanded ecosystem participation. The protocol’s next phase centers on scaling its distribution and engagement systems across additional consumer applications. About Power Protocol Power Protocol is a Web3 distribution and engagement layer designed to support consumer applications. The protocol enables teams to integrate reward, reputation, and social systems that drive user participation, retention, and economic activity, while abstracting blockchain complexity away from end users. Power Protocol’s ecosystem includes live consumer applications, distribution infrastructure, and selective incubation initiatives aimed at scaling sustainable growth. Website: https://powerprotocol.xyz/en X: https://x.com/PowerPrtcl Contact Power Protocolsocial@powerprotocol.xyz Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Philippines Blocks 50 Crypto Exchanges: A Stunning Regulatory Crackdown on Coinbase and Gemini

  vor 3 Tagen

BitcoinWorld Philippines Blocks 50 Crypto Exchanges: A Stunning Regulatory Crackdown on Coinbase and Gemini In a decisive move that sent shockwaves through the crypto community, the Philippines has blocked access to 50 unregistered cryptocurrency exchanges. This stunning regulatory crackdown, which includes industry giants like Coinbase and Gemini, marks a significant escalation in the nation’s efforts to control its digital asset landscape. If you’re trading or investing in crypto from or within the Philippines, this action directly impacts you. Why Did the Philippines Block These Crypto Exchanges? The Philippine National Telecommunications Commission (NTC) officially restricted access to these platforms on December 22nd. This action was not taken lightly; it followed a formal request from the Bangko Sentral ng Pilipinas (BSP), the country’s central bank. The core issue is registration. The Philippines requires all Virtual Asset Service Providers (VASPs) to register with the BSP to operate legally. These 50 exchanges, despite their global fame, failed to meet this crucial regulatory requirement. This is not an isolated event. It continues a pattern of stricter enforcement that began earlier in 2024 when the Philippines moved to block the world’s largest exchange, Binance. The message from regulators is now crystal clear: comply with local laws or face being shut out of the market. What Does This Mean for Crypto Investors in the Philippines? For users in the Philippines, the immediate effect is simple: you can no longer access the websites or apps of these 50 blocked platforms through local internet providers. However, the implications run much deeper. This crackdown highlights both the challenges and potential benefits of increased regulation. Challenge: Reduced choice and convenience. Popular, user-friendly platforms are now inaccessible. Benefit: Enhanced investor protection. Registered exchanges must adhere to strict anti-money laundering (AML) and know-your-customer (KYC) rules, making the ecosystem safer. Actionable Insight: Investors must now verify that any exchange they use is on the BSP’s list of registered VASPs. Trading on unregistered platforms carries legal and financial risk. Is This the End for Global Crypto Exchanges in the Philippines? Absolutely not. The door remains open, but the path is now well-defined. The Philippines is not banning cryptocurrency; it is demanding that foreign businesses respect its regulatory framework. This move creates a powerful incentive for global exchanges to formalize their operations. The process to register involves: Submitting detailed applications to the BSP. Implementing robust security and compliance systems. Paying the necessary fees and agreeing to ongoing supervision. Therefore, we may see companies like Coinbase and Gemini pursue registration to re-enter this vibrant market. The Philippines blocks crypto exchanges that are unregistered, not those willing to play by the rules. Navigating the New Crypto Landscape: A Guide for Users If your preferred exchange is now blocked, do not panic. You have several clear options. First, withdraw your funds from the blocked platform immediately if you still can. Next, research and migrate to a BSP-registered exchange. Several reputable international and local platforms operate legally within the country. This event is a crucial reminder for all crypto users: regulatory compliance is no longer optional. The era of unrestricted access to global platforms is giving way to a more structured, nation-by-nation approach. Understanding your local laws is as important as understanding market charts. In conclusion, the decision by the Philippines to block 50 unregistered exchanges is a landmark moment for crypto regulation in Southeast Asia. It underscores a global trend where governments are asserting sovereignty over digital finance. While it creates short-term disruption for some investors, the long-term goal is a safer, more transparent, and sustainable cryptocurrency market for everyone. The Philippines blocks crypto exchanges today to build a more secure ecosystem for tomorrow. Frequently Asked Questions (FAQs) Q1: Can I use a VPN to access blocked exchanges like Coinbase in the Philippines? A: While technically possible, using a VPN to circumvent the block is strongly discouraged. It may violate the terms of service of both the exchange and your internet provider, potentially leading to account suspension or legal issues. More importantly, you would still be using an unregistered entity, losing any regulatory protection. Q2: Which crypto exchanges are still legal and accessible in the Philippines? A: You should consult the official list of registered Virtual Asset Service Providers (VASPs) published by the Bangko Sentral ng Pilipinas (BSP). This list includes both local and international companies that have completed the registration process, such as PDAX, Coins.ph, and others. Q3: What happens to my funds on a blocked exchange? A: Your cryptocurrency assets are still held in your wallet on that exchange’s platform. Your immediate priority should be to log in (if possible) and withdraw your funds to a private wallet or a registered exchange. Contact the exchange’s customer support for guidance if you encounter access issues. Q4: Why is the Philippine government doing this now? A: The government aims to protect consumers from fraud, ensure financial stability, and prevent illegal activities like money laundering and terrorist financing. By enforcing registration, they can monitor transactions and hold companies accountable, creating a safer environment for mainstream crypto adoption. Q5: Will this affect the price of Bitcoin or other cryptocurrencies? A: This specific action is unlikely to cause major global price movements. It is a localized regulatory enforcement. However, if this signals a broader regional trend of strict crackdowns in Southeast Asia, it could impact market sentiment and trading volume over time. Q6: How can an exchange like Coinbase become unblocked? A: The exchange must apply for and secure a license as a Virtual Asset Service Provider (VASP) from the Bangko Sentral ng Pilipinas. This involves meeting strict capital, security, compliance, and reporting requirements. Once approved, the NTC would lift the access block. Found this breakdown of the Philippines’ major crypto exchange crackdown helpful? The regulatory landscape is changing fast. Share this article on social media to help other investors in your network stay informed and navigate these new rules safely. Knowledge is power in the crypto world! To learn more about the latest cryptocurrency regulatory trends, explore our article on key developments shaping global crypto policy and institutional adoption. This post Philippines Blocks 50 Crypto Exchanges: A Stunning Regulatory Crackdown on Coinbase and Gemini first appeared on BitcoinWorld .

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Bank of Russia Proposes New Crypto‑Market Regulation Framework

  vor 3 Tagen

The Russian central bank releases a concept allowing qualified and non‑qualified investors to buy crypto assets under differentiated rules. The Bank of Russia announced a draft regulatory concept for the Russian cryptocurrency market, which it has submitted to the government for legislative review. The proposal permits both qualified and non‑qualified investors to purchase crypto assets,

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Bitcoin dominance rises amid market volatility, Wintermute says

  vor 3 Tagen

Bitcoin (BTC) is reclaiming market focus as volatility persists and many alternative tokens continue to lag, according to a fresh analysis from crypto liquidity provider Wintermute and the latest market price movements seen today. Late last week, the crypto markets experienced increased selling pressure, with Bitcoin falling below $85,000 and Ethereum below $3,000. Liquidations surged once more, reaching nearly $600 million on Monday and approximately $400 million on both Wednesday and Thursday, as gains were quickly sold in a volatile market. By the end of the week, however, the market calmed, and, according to Wintermute, BTC gradually climbed back toward $90,000. Wintermute says altcoins are still on the downside due to a busy token unlock schedule In its X post, Wintermute wrote , “As we head into the holiday period, market structure continues to narrow. Bitcoin dominance pushed higher again, reinforcing the trend that has defined much of the second half of the year.” However, it noted that altcoins remain under pressure, dragged down by large supply overhangs and a busy token unlock schedule. Overall, leading cryptocurrencies continue to draw interest in buying. BTC has benefited from sustained demand, and ETH is also showing growing buying pressure going into year-end, the firm claimed. This trend would be consistent with the widely held premise that BTC must take the lead for the market to expand into more speculative risks. The trading firm also noted that while spot buyers anchor the majors, derivatives have become key for price discovery, allowing net purchases of BTC and ETH even during sharp intraday moves caused by leveraged liquidations . Funding and basis also stayed tight for the majors through the sell-off. Still, options markets continue to price diverse scenarios, with high implied volatility and positions divided between downside to mid-$80,000 and a rebound. It added that traditional finance continues to move into the space despite the recent volatility, noting that similar involvements in the past have been deliberate and long-lasting. However, market conditions remain somewhat volatile, with low liquidity and desks decreasing activity. As the year-end and holiday season approaches, trading is expected to be more subdued and selective, with range-bound moves. Without a specific macroeconomic or policy anchor, price positioning remains the primary determiner of the market outcomes. Wintermute has more than $416 million worth of cryptocurrency assets Earlier this month, on-chain data from Arkham Intelligence revealed that Wintermute offloaded significant cryptocurrency holdings—specifically Bitcoin and Ethereum, after prices began to slump and volatility in the cryptocurrency market increased across the board. Reports circulated that Wintermute-backed wallets funneled large volumes of BTC and ETH to centralized venues, such as Binance, in late November and early December, with more than $1.5 billion in Bitcoin estimated to have moved in brief intervals over just three weeks. According to blockchain data, the firm’s tracked holdings fell from around $540 million in late November to approximately $320 million at one point, before recovering part of the decline. Arkham now estimates that the company holds approximately $416 million on-chain, spread across multiple major cryptocurrencies, including 778,515 SOL tokens, 340 Bitcoins, and over $45 million worth of USDC . Get $50 free to trade crypto when you sign up to Bybit now

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Franklin Templeton’s XRP ETF Breaks 100 Million Coins — Overdrive Mood Engaged

  vor 3 Tagen

Franklin Templeton’s XRP ETF Hits 100M XRP Milestone, Boosting Institutional Confidence Franklin Templeton’s XRP spot ETF (XRPZ) hits a major milestone, surpassing 100 million XRP, now holding 105.9M XRP valued at $200M, signaling strong institutional and retail interest in XRP, according to analyst Diana. Franklin Templeton’s XRP ETF milestone highlights rising institutional confidence in XRP. By offering a regulated, accessible bridge between traditional finance and crypto, ETFs are positioning XRP as a key player in the accelerating adoption of digital assets by major investors. Analyst Diana highlights that surpassing 100 million XRP isn’t just symbolic, it reflects growing institutional trust and demand. Holding over $200 million in XRP, the ETF underscores strong appetite for digital assets offering liquidity, scalability, and proven cross-border payment potential. Notably, this milestone signals a potential shift in market sentiment. XRP, historically sensitive to regulatory and institutional developments, may gain momentum as Franklin Templeton’s high-profile ETF attracts confidence from other ETFs, hedge funds, and crypto-focused investors. This could boost XRP’s price and trading volume while reinforcing its growing role in global finance. The ETF’s expansion also reflects a broader trend: institutional investors are increasingly seeking regulated entry points into crypto. With traditional financial giants embracing digital assets, cryptocurrencies continue to gain legitimacy and mainstream acceptance. Well, Franklin Templeton XRP ETF surpassing 100 million XRP marks a pivotal moment, highlighting strong institutional trust and cementing XRP’s role in the crypto investment landscape. This milestone signals growing confidence in XRP’s long-term potential and underscores the rising integration of digital assets into mainstream institutional portfolios. Conclusion Franklin Templeton’s XRP ETF exceeding 100 million XRP marks a major vote of institutional confidence, signaling growing mainstream adoption and reinforcing XRP’s credibility as a regulated, investable digital asset. This milestone could fuel further inflows and upward momentum in the crypto market.

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Critical Warning: Bitcoin Bear Market Signals Flash as Key Index Plummets

  vor 3 Tagen

BitcoinWorld Critical Warning: Bitcoin Bear Market Signals Flash as Key Index Plummets Are Bitcoin’s bull run days numbered? A critical on-chain indicator is flashing warning signs that could signal a major market shift. According to crypto analyst Woominkyu, the Bitcoin Composite Market Index (BCMI) suggests we might be entering a Bitcoin bear market phase rather than experiencing a temporary correction. This development has serious implications for every investor in the cryptocurrency space. What Does the BCMI Tell Us About Bitcoin’s Health? The Bitcoin Composite Market Index serves as a crucial thermometer for market sentiment. When this index declines significantly, it indicates weakening on-chain momentum. Recently, the BCMI dropped below its equilibrium line, suggesting the market may be undergoing a structural reset rather than a simple cooling-off period. Woominkyu’s analysis reveals a concerning pattern. The index returned to the 0.5 level on October 21, which initially seemed like normal market behavior. However, the subsequent price drop and further index decline point to deeper issues. This simultaneous correction in both price and on-chain metrics suggests fundamental weakness. Historical Patterns: Are We Repeating Past Bear Markets? History often rhymes in cryptocurrency markets. Looking back at previous cycles provides crucial context for understanding current developments: In 2019, the BCMI bottomed between 0.25-0.35 During the 2023 market reset, similar levels were reached The current index remains above these historical lows Past patterns suggest bottoms form only after reaching these levels This historical perspective is vital because it shows we may still be in the early stages of a Bitcoin bear market transition. The analyst emphasizes that if past patterns repeat, the market hasn’t completed its reset phase yet. Why Should Investors Pay Attention to These Signals? On-chain data doesn’t lie. While price action can be manipulated or influenced by short-term sentiment, on-chain metrics like the BCMI reflect actual blockchain activity and investor behavior. This makes them particularly valuable for identifying genuine market trends. The current situation presents both challenges and opportunities. A potential Bitcoin bear market means investors should: Re-evaluate their risk management strategies Consider dollar-cost averaging during declines Monitor on-chain metrics for confirmation of trends Avoid emotional decision-making based on price alone What’s Next for Bitcoin Investors? The key question every investor faces is: how should we respond to these warning signs? First, understand that market transitions take time. The analyst suggests we’re in a “downward transition” phase rather than at a completed bottom. This means several scenarios could unfold: The BCMI could continue declining toward historical support levels Price may experience further corrections as momentum weakens A true market bottom might only form after significant index declines Alternatively, unexpected positive developments could change the trajectory For those concerned about a Bitcoin bear market , the prudent approach involves careful monitoring rather than panic selling. Historical data shows that even during bear markets, strategic opportunities exist for prepared investors. Actionable Insights for Navigating Market Uncertainty Facing potential market transitions requires clear strategies. Here are practical steps every cryptocurrency investor should consider: Diversify your portfolio beyond Bitcoin alone Set clear entry and exit points based on your risk tolerance Follow on-chain metrics alongside price action Maintain liquidity to take advantage of potential opportunities Stay informed about macroeconomic factors affecting crypto Remember, the BCMI is just one indicator among many. While it suggests potential Bitcoin bear market conditions, other factors including institutional adoption, regulatory developments, and technological advancements also influence market direction. Conclusion: Navigating Bitcoin’s Critical Juncture The declining BCMI index serves as an important warning signal that every Bitcoin investor should heed. While not guaranteeing an immediate Bitcoin bear market , it suggests we’re at a critical juncture where careful analysis and strategic planning become essential. Historical patterns indicate we may need to see further index declines before establishing a true market bottom. Successful navigation of this period requires balancing caution with opportunity recognition. By monitoring on-chain data, maintaining disciplined strategies, and avoiding emotional reactions, investors can position themselves effectively regardless of market direction. The coming weeks will likely provide clearer signals about whether we’re truly entering a bear phase or if this is merely a deeper correction within a longer bull trend. Frequently Asked Questions What is the Bitcoin Composite Market Index (BCMI)? The BCMI is an on-chain metric that measures market sentiment and momentum by analyzing various blockchain data points. It helps identify whether the market is in a bullish or bearish phase based on actual network activity rather than just price movements. How reliable is the BCMI for predicting bear markets? While no indicator is perfect, the BCMI has shown historical correlation with major market turns. It’s particularly useful when combined with other metrics, as it reflects genuine on-chain activity that’s harder to manipulate than price alone. Should I sell my Bitcoin if the BCMI indicates a bear market? Not necessarily. Investment decisions should consider your individual goals, risk tolerance, and time horizon. Many investors use dollar-cost averaging during bear markets to accumulate assets at lower prices. How long do Bitcoin bear markets typically last? Historical bear markets have varied in duration, but they often last several months to over a year. The 2018-2019 bear market lasted approximately 15 months, while the 2022 downturn lasted about 12 months. What other indicators should I watch alongside the BCMI? Consider monitoring exchange flows, miner activity, whale movements, and traditional market correlations. Also pay attention to macroeconomic factors like interest rates and inflation, which increasingly affect cryptocurrency markets. Can the BCMI give false signals? Like all indicators, the BCMI can occasionally give false or premature signals. That’s why it’s important to use it as part of a comprehensive analysis toolkit rather than relying on it exclusively for investment decisions. Share This Critical Market Analysis Found this analysis helpful? Your fellow investors might benefit from understanding these crucial Bitcoin bear market signals too. Share this article on your social media channels to help others make informed decisions in these uncertain market conditions. Together, we can build a more knowledgeable and prepared cryptocurrency community. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action and institutional adoption. This post Critical Warning: Bitcoin Bear Market Signals Flash as Key Index Plummets first appeared on BitcoinWorld .

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