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Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025

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3 days ago

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In a recent podcast, crypto experts Murad Mahmudov and Arthur Hayes shared their insights on the evolving roles of meme coins, DeFi, and AI tokens. The experts highlight significant shifts and predict how these assets may function by 2025. Besides, they also discussed the ways in which the crypto space is evolving, with meme coins and DeFi tokens acting as distinct financial instruments with varying purposes and trajectories in the market.

Murad & Arthur Hayes On DeFi And Meme Coin

Murad Mahmudov, known for his analysis of crypto market cycles, expressed skepticism about the idea of a “DeFi Renaissance” spurred by potential future US policies under the Trump Presidency. In a recent podcast, Mahmudov argued that most DeFi protocols prioritize their own growth over distributing revenues to stakeholders. Arthur Hayes also echoed a similar sentiment, predicting a minor impact of Trump’s win on the crypto space in the longer run.

He stated, “A lot of people have been arguing that Trump Victory is going to kind of bring about DeFi Renaissance or whatever, but I remain skeptical.” He sees DeFi tokens as often being speculative, deriving a large portion of their value from community-driven narratives rather than intrinsic financial performance.

Talking about meme coins, Mahmudov sees the niche to be gradually becoming a sort of “purification mechanism” in the crypto space. He suggested that as the market matures, meme coins and DeFi tokens will diverge into two distinct categories: cash-flow coins, which are serious, revenue-oriented, and likely to appeal to institutional investors, and meme coins, which retain speculative and community-driven appeal.

“In the future, meme coins will continue to absorb community and speculative premiums,” he said. Besides, he added that this separation will help legitimize cash-flow coins in the eyes of more traditional financial analysts. Meanwhile, Murad has shortlisted top meme coins like DOGE, FLOKI, and SHIB to benefit the most in the coming days.

However, BitMEX co-founder Arthur Hayes has a different and more opportunistic perspective on meme coins. Rather than holding long-term, he views these assets as trading instruments with quick in-and-out opportunities. “Meme coins are fun to trade because you don’t need to understand cash flows or tech,” Hayes commented. For him, the appeal lies in viral appeal. This speculative approach, according to Hayes, allows him to capitalize on the short-term hype while minimizing long-term risk exposure.

AI Coins In Focus

The conversation also covered the rise of AI meme coins, such as GOAT, which Arthur Hayes views as noteworthy due to their pioneering status. While Murad sees AI-based meme coins as potentially fleeting, since rapid AI advancements could quickly make certain tokens obsolete, Hayes believes owning the original and widely recognized AI token could be valuable.

Hayes explained he would invest in the token as the market is talking about it. Besides, the GOAT crypto has also gained notable attention lately, as evidenced by the robust surge in its price. However, both experts raised caution for the long-term viability of tech-driven crypto tokens amid AI advancements.

Mahmudov argued that AI will accelerate code commoditization, making it harder for purely technological tokens to retain value. Instead, he believes that tokens grounded in “human faith, community, and belief” will endure, highlighting his preference for BTC and established meme coins over tech-reliant assets.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shibarium Crosses 500 Mln Transaction Milestone, SHIB Reacts

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3 hours ago

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November 12, 2024

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Shibarium, the Ethereum-based Layer-2 scaling solution backed by the Shiba Inu (SHIB) ecosystem has recorded a huge mainnet milestone. According to data from Shibarium scan, the total transactions processed on the platform has crossed the 500 million milestone. As of writing, the total transaction is pegged at 500,623,178.

Shibarium and the Obvious Growth Catalyst

The Shiba Inu-backed layer-2 scaling solution launched in August 2023. For a protocol with a largely rocky start, the new milestone has sparked series of debates on X. Shibarium got a major boost less than a month ago when Shiboshi-linked NFT update triggered enhanced ecosystem adoption.

With the NFT bridge feature on the mainnet, transaction count jumped to millions per day from a few thousands. At the time of writing, the daily transaction count comes in at 4.69 million. Despite this figure, the protocol records at least 2,227 transctions in hours. The new milestone has triggered a comment from Kaal Dhairya, one of the ecosystem’s lead developers.

Per the Shibariumscan data, the protocol now have a total block of 7,849,660 with wallet adresses coming in at 1,889,496. With the consistent growth, the protocol hopes to match with some of its peers like Base and Optimism soon.

Shiba Inu Reacts, Will This Boost Market Value?

The memecoin has reacted to the update within the ecosystem as it underscore the relative growth overall. At the time of writing, SHIB price was changing hands for $0.0000264, down by 3.39% in 24 hours. Within this period, the token has traded within a low price of $0.00002457 and a high of $0.0000303.

While the token ought to print a rally, SHIB has recorded an extreme growth trend amid the boom in the price of Bitcoin. In the past week, the token has retained a more than 48% rally overall. With the token’s price largely linked to the broader market trend, it’s recovery might come faster than projected.

Meanwhile, lead developer Shytoshi Kusama has set his sight on his SH.I.B proposal to create the Silicon Valley destination for crypto. He recently pitched this idea to Elon Musk in a bid to get the Donald Trump administration to consider the prospects.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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How A Simple Wallet Error Cost $25 Million To This Crypto User?

Published

11 hours ago

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November 12, 2024

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In an unfortunate situation, a crypto user faced investors’ scariest dreams. He lost $25M worth of crypto while transferring from one wallet to the other. The user wished to transfer to the liquid restacking platform called Renzo. However, with a simple wallet error, the user transferred all the cryptos to the platform’s wrong address, bearing millions worth of losses.

When the rest of the market is busy grabbing all the gains, as Bitcoin surpassed Silver after a new ATH, this one user is bearing a loss.

Crypto User Sent Cryptos To The Wrong Wallet Address

The person lost $25 Million on Sunday while transferring the Renzo Restaked ETH to Renzo’s safe wallet. However, instead of the safe wallet, which is a primary wallet that allows full access to funds, the users pasted the wrong address link,  which led to the transfer to a safe module. As a result, all those tokens are now locked in a Smart Contract and cannot be retrieved due to the transaction’s decentralized nature.

Urgent Request for Help!

To all skilled hackers and white hats out there: I’ve lost a significant sum of funds in a contract and urgently need help recovering it. If you can successfully retrieve the funds, I’ll immediately offer a 10% reward, which is approximately $2.5 million…

— 我有一个狗王梦 (@qklpjeth) November 10, 2024

The user has approached people on X, describing his story to the community members. He has pleaded with hackers and white hats to help with this situation in return for a 2.5% reward ($22.5M), which is quite high. Many people have replied to support, and a few even attempted to recover, but the person has sent it to the safe module, making it almost impossible to retain these tokens without changing the Smart Contracts code.

A few readers have advised reaching out to the platform’s team and conveying the needed changes to retrieve the assets. Even the DeFiLlama founder 0xngmi has suggested that the crypto user should connect with the Renzo team to edit the contract code and retrieve his tokens.

Renzo Fails To Help Due to Compliance Issues

Renzo is a staking platform designed to simplify restocking on popular blockchains like Ethereum and Solana. Despite the possibility of updating the code, the team has declined to assist in this matter. The crypto user explained that Renzo could not help due to compliance issues.

A few community members further advised the victim to take legal action to solve this issue. This is because, on many occasions, the court has ordered to resend the cryptos in case of hacks and similar situations. However, the crypto user has declined to do so due to his good relations with the company, saying,

I haven’t considered the legal process. I’m good friends with the Renzo team and don’t want to go through legal procedures.

How To Protect Your Crypto?

This unfortunate event is a big-time reminder that trading in digital assets comes with multiple challenges other than thefts and hacks. Even a minor mistake could lead to losing your crypto forever, as this crypto user did, as he sent all the tokens to a safe module instead of a safe wallet. As a result, the user has lost $25M worth of Renzo Restaked ETH and is approaching crypto hackers to retrieve the tokens. Till now, no solution has come out, and even Renzo’s team failed to help out on this due to compliance issues. With this, it has become an important lesson to double-check the details and understand the platform protocol to protect cryptos. More importantly, every user should have a strategic trading strategy to help with losses and grabbing profits, as this crypto investor turned $1.2M to $9.36M.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitget Re-Launches UK Platform With Over 150 Tokens Ready for Trading

Published

14 hours ago

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November 12, 2024

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Bitget cryptocurrency exchange and Web3 provider has announced the re-launch of its platform in the UK, now offering British users access to a wide selection of digital assets. The re-launch is in line with the Financial Promotions Regime, and the exchange’s offerings exceed 150 tokens, making it one of the most comprehensive crypto platforms in the UK.

Bitget Launches in the UK, Doubling Token Access For Crypto Traders

Bitget has officially re-launched its UK website, providing British users with access to over 150 tokens for trading. This extensive offering surpasses the token variety available on many global exchanges. It is a reflection of the exchange’s commitment to delivering a broad range of options for UK crypto investors. 

More so, the diverse token selection positions the Seychelles-based platform among the top exchanges in the UK.

The re-launch comes in response to the growing demand for diverse digital assets within the UK. Bitget’s expansion aligns with the UK Financial Conduct Authority’s (FCA) Financial Promotions Regime, ensuring all promotional activities meet transparency and fairness standards. 

Additionally, the exchange’s offerings demonstrate the platform’s strategy to provide UK crypto investors with ample choice within a compliant framework.

Archax Approval Enables Custody Services for UK Crypto Users

With Archax’s approval, Bitget users in the UK now can access a range of cryptocurrency trading and custody services, including tokenized real-world assets. Archax, a regulated digital securities exchange will provide the necessary local endorsement that allows operations within the UK’s regulatory environment. 

Moreover, the endorsement will facilitate Bitget’s UK entry, as it meets the requirements of the Financial Promotions Regime for offshore exchanges operating in the region. Archax’s role in vetting offerings strengthens the exchange’s efforts to maintain a high standard of security for UK users.

Notably, the Head of Regulation at Archax, Julia Loder, emphasized their support stating, 

“We are dedicated to upholding high standards of the Regime, providing UK investors with access to a transparent trading experience.”

This re-launch reflects the platform’s approach of incorporating local compliance requirements into its expansion plans. Gracy Chen, CEO at Bitget, added, 

“At Bitget, compliance is the core of our expansion strategy. The entrance into the UK market under the regime allows us to bring users a wide variety of digital assets within the ever-changing crypto landscape. This launch is a step towards establishing Bitget as a long-term, compliant partner in diverse markets, providing investors with a platform to explore digital assets.”

More so, the extensive range of digital assets addresses and the diverse interests of UK investors highlight market adaptability. The UK crypto market, known for its advanced financial environment will solidify the exchange growth in the crypto sector. With over 45 million users in more than 150 countries, this expansion adds to Bitget’s global presence. 

Meanwhile, the crypto exchange recently launched the “Pitch n Slay” initiative under its Blockchain4Her program to support women entrepreneurs in Web3. With up to $100K in funding, the program provides mentorship, guidance, and exposure. 

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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