EddieJayonCrypto

 10 Dec 24

tl;dr

• China's investigation into Nvidia Still Knocking Stocks on the Chin Again Today:• Ethereum Gas Limit Debate Sparks Stability Concerns: Ethereum developers discuss increasing gas limits to enhance network capacity but face concerns over potential stability and security risks, with the Pectra 2 upgr...

• China's investigation into Nvidia Still Knocking Stocks on the Chin Again Today:
• Ethereum Gas Limit Debate Sparks Stability Concerns: Ethereum developers discuss increasing gas limits to enhance network capacity but face concerns over potential stability and security risks, with the Pectra 2 upgrade planned to address these challenges.
• Tether Reports Small Investor Surge in USDT Wallets: Tether reveals that the growth of USDT has been driven by small investors, with a significant increase in wallets holding less than $1,000, indicating the stablecoin’s accessibility and self-custody trend post-FTX collapse.
• Google Unveils Quantum Chip Willow: Google introduces Willow, a quantum computing chip capable of completing complex tasks in under five minutes, marking a breakthrough toward practical quantum computing with significant implications for encryption and problem-solving.
• Russian Lawmaker Proposes National Bitcoin Reserve: A proposal to establish a Bitcoin reserve to counter sanctions reflects Russia’s growing interest in digital assets, potentially positioning the country as a leader in crypto-based financial strategies.
• Coinbase Addresses Account Restriction Allegations: Coinbase responds to complaints about account restrictions, citing increased fraud attempts amid a surge in user activity, and assures improvements in customer support and fraud prevention.
• Analyst Predicts Bitcoin to Hit $150,000 by December: Using the stock-to-flow model, an analyst forecasts Bitcoin reaching $150,000 by December, driven by historical rally patterns and ongoing bullish momentum.
• Y Combinator and a16z Bullish on Crypto and AI: Y Combinator and a16z predict significant growth opportunities in cryptocurrency and AI by 2025, emphasizing stablecoins’ role in digital payments and the transformative potential of AI in gaming and industries.

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