As Tuesday got started in Asia this morning, both Bitcoin and Ethereum had maintained steady positions, with Bitcoin hovering over $37,000 and Ethereum above $2,000. In contrast, Solana, which had been a standout performer in recent weeks, experienced a notable decline. The altcoin backslid by more than 7%, falling to $55, a significant drop from its recent high of $65.
Pyth Network’s Token Airdrop Takes Off: The DeFi oracle network Pyth has made a striking entry with its PYTH token airdrop. Launching at $0.53, the token quickly reached a market cap of $765 million, later adjusting to around $457 million. Over $87 million in trading volume was recorded since its launch, with the price stabilizing above $0.30. With an initial supply of 1.5 billion tokens set to expand to 10 billion, Pyth has distributed about 250 million tokens to early users through the airdrop. This significant move in the DeFi space also marks the launch of Pyth Network’s permissionless mainnet, introducing a new era of governance in the ecosystem. Could Pyth be the next token to take off?
SBI and SMFG’s Osaka Digital Exchange to Start Japan Digital Securities Trading: The Osaka Digital Exchange (ODX), backed by Japan’s financial giants SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), is set to launch its digital securities trading platform on December 25. The platform, which has recently received regulatory approval, aims to issue about 3 billion yen ($20 million) worth of tokenized securities. This move signifies a major step in integrating traditional finance and blockchain technology in Japan. Could this development signal a future positive trend for crypto in Japan?
Former OpenAI CEO Sam Altman Lands at Microsoft: In a significant move, Sam Altman, former CEO of OpenAI, along with co-founder Greg Brockman and other team members, will be joining Microsoft. Altman’s departure from OpenAI was sudden, following the board’s vote against his leadership. At Microsoft, Altman will head a new advanced AI research team. This development has already impacted the crypto market, with Worldcoin seeing a 10% increase. Could this shift lead to a rally in other AI tokens?
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