EddieJayonCrypto

 31 Dec 24

tl;dr

• AI Technologies and CEX Tokens Gain Momentum, Meme Coins Decline: AI-driven projects and centralized exchange (CEX) tokens saw significant growth, while meme coins, privacy tokens, and GameFi projects faced declining values in the crypto market.• Bitget Token Burn Boosts BGB to All-Time High: Bitg...

• AI Technologies and CEX Tokens Gain Momentum, Meme Coins Decline: AI-driven projects and centralized exchange (CEX) tokens saw significant growth, while meme coins, privacy tokens, and GameFi projects faced declining values in the crypto market.
• Bitget Token Burn Boosts BGB to All-Time High: Bitget reduced its native token supply by 40% through a massive token burn worth nearly $5 billion, driving BGB's price to a record high and establishing a quarterly burn mechanism for 2025.
• Major Bitcoin and Ethereum ETF Outflows Mark Year-End Volatility: Bitcoin and Ethereum ETFs faced significant year-end outflows totaling over $426 million, with prominent funds like Fidelity’s FBTC and Grayscale’s GBTC leading the withdrawals.
• Former Bithumb CEO Sentenced for Fraudulent Token Listing Scheme: Bithumb’s ex-CEO Lee Sang-jun was sentenced to two years in prison for accepting bribes in a fraudulent token listing scheme, alongside sentences for other implicated individuals.

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