Gensyn, a blockchain-based artificial intelligence computing protocol, has raised $43 million in Series A funding led by a16z. Gensyn enables developers to build artificial intelligence systems using connected hardware while paying for what they use and using a cryptographically verified network.
The U.S. regulatory environment remains hostile, with the SEC bringing very serious charges against Binance and Coinbase, two of the largest exchanges, resulting in capital outflows from these exchanges. On Binance, outflows remain within historical norms. It remains to be seen how investors will respond to both lawsuits.
Short-term BTC holders are listing their coins on exchanges, presumably for sale. However, long-term holders remained steadfast and were not surprised by the SEC news.
In the 350 days before the previous halving event, BTC was: - rose 4x before the first halving. - 2x increase ahead of second halving. - dropped -3% ahead of the third halving.
Binance’s dominance in spot cryptocurrency trading is waning. It was the lowest level since October 22, with market share reaching 46%. Despite this, Binance remains the largest exchange by trading volume
Red zone countries ban cryptocurrencies Orange zone countries restrict cryptocurrencies Countries in green zones accept cryptocurrencies White regional state regulatory development in progress
If BTC closes daily below $26,900 then we may see BTC in the $25,200 area soon or if BTC closes above $26,900 on daily basis then we can expect some upside in BTC