🚀 Welcome to The Ascendant — your trusted guide to the biggest #Crypto and #Blockchain updates worldwide! This week, we spotlight Bitcoin milestones, regulatory shifts, and exciting innovation in blockchain and AI. Dive in 👇
🎉 Bitcoin Hash Rate Hits All-Time High
On Bitcoin’s 16th birthday, its hash rate reaches a historic peak, reflecting unparalleled network strength and miner confidence.
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📱 Telegram-Based Payment Tool by Ethena Labs
Arthur Hayes-backed Ethena Labs unveils plans for a Telegram-integrated payments and savings tool, signaling a major leap in Web3 accessibility.
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🇨🇾 Coinbase Expands with Cyprus Acquisition
Coinbase acquires BUX’s Cyprus unit, hinting at a strategic move into CFDs, potentially redefining crypto and derivatives trading.
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🌍 China Tightens Crypto Regulations
China introduces new banking rules targeting risky crypto trades, reinforcing its cautious stance while pushing for controlled blockchain growth.
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🇰🇷 Jeju Island Uses NFTs to Boost Tourism
South Korea’s Jeju Island launches an NFT program to attract young tourists, showcasing how blockchain can redefine travel and tourism.
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📊 Market Sentiment
- AI agents are emerging as a powerful narrative—worth keeping on your radar.
- The market is recovering after December’s volatility, showing early signs of stabilization.
- New EU MiCA and Travel Rules are pushing Web3 companies to seek friendlier jurisdictions.
- The US and Asia are poised to become safe havens for Web3 innovation.
- Despite risks in traditional finance, crypto growth is expected to remain strong in 2025.
Overall Sentiment: Optimistic with caution. Innovation is thriving while regions adapt to shifting regulatory landscapes.
