Good Improvements & Hopium in Crypto

The approval of spot Ethereum ETFs had enough power to energize the altcoins with the rumors. Within a couple of days, altcoins were able to receive some liquidity and volume.

Even though the trading has not been launched for the Ethereum ETFs, altcoins, which are on Ethereum or Layer 2s, gained some value. Following the global news and on - chain data, several projects revealed their plans for their future operations.

Taiko mainnet has been launched!

It is one of the most promising Ethereum Layer 2 projects already. Taiko had been running a reward program to distribute points for the airdrop hunters who contributed to the growth of the project and helped developers stress - test the performance of the chain and the projects.

To transfer the funds from one blockchain to another, the need for cross - chain bridges has been acknowledged. While there are popular ones such as Leo Dex, Orbiter, or native ZK Bridges, Debridge Finance has been working on interesting models such as 0 TVL mechanism on Debridge Finance.

While on - chain updates have been coming, there are also institutional or governmental steps taken for the adoption of crypto.

As some of the leading crypto friendly countries, Argentina and El Salvador discuss the ways to develop blockchain - based futures for their financial independence. Crypto adaptation and the regulations, from taxation to self custody, are the hottest debates to be concluded for the countries.

On the other side of the world, existing system needs to be revised and updated with the flawless technology of blockchain. For instance, the leading system of financial communication, SWIFT has established partnership with ChainLink to develop faster, more secure and up-to-date financial background at the top of blockchain.

These are the most recent updates happening in the giants of the world. Apart from them, we need to consider the current situation in the world to have an idea about what kind of tomorrow we are going to open our eyes. As far as the current state of the global world is concerned, the influence of geopolitical risks has been affecting the markets. Apart from them, the high interest rates and hope for interest rate cuts are some of the factors that many trades care about. There is more to say about the financial markets in 2024.

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