🚀 Welcome to The Ascendant — your trusted guide to the week’s most impactful #Crypto and #Blockchain news around the world! This week, we spotlight industry challenges, institutional moves, and tech innovation driving the future of crypto. Let’s dive in 👇
🇮🇳 Mudrex Suspends Withdrawals Amid User Surge
Indian crypto exchange Mudrex has temporarily halted withdrawals despite a 200% growth in its user base. This highlights ongoing operational and regulatory challenges in emerging markets.
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🌍 Fidelity Predicts 2025 as Bitcoin’s Breakout Year
Fidelity forecasts a landmark year for Bitcoin, driven by nation-state adoption and increased institutional interest. Could 2025 redefine Bitcoin’s global role?
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đź’¸ Whales Buy $2.5B in XRP and Dogecoin
Crypto whales have snapped up $2.5 billion worth of XRP and Dogecoin, signaling renewed confidence in altcoins amid market volatility.
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🇸🇬 Singapore’s NUS Embraces Blockchain for ESG
The National University of Singapore, in collaboration with Northern Trust and UOB, is pioneering blockchain-based ESG transparency solutions, showcasing blockchain’s growing use in sustainability.
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🤖 The Rise of DeFAI: Merging DeFi and AI
DeFi meets AI with the emergence of DeFAI technology, combining financial decentralization with AI-driven insights to reshape the industry’s future.
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đź“Š Macro Outlook by Lorenzo
- Institutional Accumulation: Despite short-term price volatility, whales and institutions are actively accumulating crypto.
- Retail FUD: Short-term fear targets retail investors, but institutional sentiment remains bullish.
- Global Recession Concerns: Traditional markets are wary of recession risks, impacting broader sentiment.
- Shift Away from ESG/DEI: Companies pivot focus post-Trump and Musk leadership, with Bitcoin adoption gaining traction.
- 2025 Crypto Prospects: Bitcoin and altcoins are poised for a stellar year amid increasing adoption and innovation.
Overall Sentiment: Optimistic. Institutions remain confident, and innovation in blockchain and AI is setting the stage for a transformative year.
