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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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👇🏻 THETA PATENT PUBLISHED 1/4 👇🏻

#20240005350
👉- Edge Computing Platform Supported by Smart Contract Enabled Blockchain Network with Off-Chain Solution Verification

Credit to @StevensJoe11

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NATO: From Tanks To Tweets

From tonight's sub stream annotating the Rogan episode with receipts.

The World Does Need To See This Crap!

THEY are not giving up yet, The battle for worldwide FREEDOMS reign on!🐺🐑

00:02:26
🔥 Crypto-Saves-Lives 🔥

Still a skeptic? Watch the onchain effect of @Decaf_so, @StellarOrg,
@MoneyGram, and @circle in Colombia.

#Stellar #XLM

00:11:09
📚 Ripple's University Blockchain Research Initiative (UBRI) 📚

Championing blockchain research and development in academia is at the heart of Ripple's University Blockchain Research Initiative (UBRI).

With a mission to inspire and educate the next generation of blockchain builders, UBRI has supported:

⭐️ 1200+ research projects
📚 850+ courses
📍900 on-campus events
🔗 90 projects on the XRP Ledger
✅ 60 students hired

UBRI is empowering students and faculty to shape the future of blockchain technology. And we’re just getting started: https://ripple.com/impact/ubri/

00:02:59
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Keep Your Eyes To The Skies 😉

If for some reason you still do not believe in UAP's/UFO's and extraterrestrial or should I say Interdimentional beings... More and more people are waking up. The powers that were... can not keep the truth hidden for much longer. They are here, have been here for a very very long time. DYOR on the subject, and keep an open mind.

Our US Government has been having meetings in congress the past few months. Didnt see that on the news? Of course not.. again DYOR... Stop relying on the Deep State owned media as a reliable source for information.

"The Great Awakening" has begun..

🇪🇺 EUR Stablecoins surprised a lot in November 🇪🇺

🇪🇺 EUR Stablecoins surprised a lot in November with a result of €2.6b volume in month. This is a 160% increase from October and an 8626% increase from November 2023. This growth would not be possible if it weren't for @circle and its $EURC stablecoin.

About 62% of the total volume for November fell on $EURC on @base. The second is @Tether_to with its $EURt and 26% of the volume. And third were @Celo with their $cEUR - 7%.

From the interesting: In July 2024, @circle was granted a license under MiCA regulations, clarifying the regulatory framework. This allows Circle to offer stable coin services across the EU using MiCA's “passporting” feature, which allows cryptocurrency companies registered in one EU country to operate seamlessly in other countries.

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𝐍𝐄𝐖 𝐑𝐄𝐏𝐎𝐑𝐓: 𝐇𝐨𝐰 𝐭𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐖𝐞𝐚𝐩𝐨𝐧𝐢𝐳𝐞𝐝 𝐭𝐡𝐞 𝐁𝐚𝐧𝐤 𝐒𝐞𝐜𝐫𝐞𝐜𝐲 𝐀𝐜𝐭 𝐭𝐨 𝐒𝐩𝐲 𝐨𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧𝐬
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U.S. Treasury Refers To BTC As ‘Digital Gold’; Foresees Rapid Growth For Digital Assets

For the record, does anyone else find it deeply concerning that the very institutions Bitcoin was designed to challenge are not only endorsing it but actively adopting it? This raises serious questions about their motives. My intuition signals a major red flag—could this be part of a larger, orchestrated strategy? Perhaps even one of the most elaborate "rug-pulls" in history? If the goal is to destabilize the current system to usher in a new one, this could be a critical step in that transition. ~ Namasté 🙏The Dinarian

The Department of US Treasury, in its Fiscal Year 2024 Q4 report, has emphasized Bitcoin’s rapid growth discussing its use case, especially in DeFi. Remarkably, it also acknowledged Bitcoin as a digital gold. 

It noted the trends in digit asset growth and usage which has undergone a rapid growth from very low levels. It noted that growth has come both from native crypto coins like Bitcoin and Ethereum, as well as stablecoins.
 

A Store Of Value In The World Of Defi

According to the US Department, the primary use case for BTC, which they also referred to as “digital gold,” seems to be a store of value in the DeFi world. It underscored that the speculative interest seems to have played a prominent role in the growth of digital tokens thus far. 

Recently, the Fed Chair Jerome Powell also likened Bitcoin to gold as he compared both assets. Jerome Powell said that BTC is a speculative asset that has a closer correlation to gold than the US dollar.

The report also noted Bitcoin’s market cap over the years. In 2015, the flagship crypto had a market cap of $6.4 million. In 2019, it grew to $194 billion. Currently, Bitcoin boasts a market cap of $2.3 trillion. The Bitcoin price is not showing signs of stopping anytime soon, as it recently crossed the $100,000 milestone. Analysts note that Bitcoin’s success is driving institutional FOMO as more companies are looking to embrace it as an asset on their balance sheet. 

 

Stablecoin Growth

The US Treasury report also highlighted stablecoins as another category of digital assets that have seen rapid growth. The report stated that stablecoin growth has resulted in a modest increase in demand for short-dated treasuries.

Fiat-backed stablecoins are said to have a significant portion of their collateral in the form of treasury bills and treasury-backed repo transactions. The US Treasury estimates that $120 billion in total stablecoin collateral is directly invested in Treasuries.

It also noted that Stablecoins play an integral role intermediating transactions in digital asset markets. Over 80% of all crypto transactions now use a stablecoin as one leg of the transaction. Over the near term, the US department expects continued growth in stablecoin markets along with the overall size of the digital asset market. 

 

“The High Beta Assets”

The report also mentioned that in recent years, institutional sponsorship of Bitcoin citing instances of BlackRock ETF and MicroStrategy, has been growing and crypto assets have behaved like “high beta” assets. Further, they also predict that the rapid growth of Bitcoin and other digital assets and massive volatility might lead to future hedging needs and fight-to-quality demand for Treasuries

 

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FSOC warns stablecoins pose stability risks, calls for legislative action to enhance oversight
FSOC advocates urgent legislative measures to curb stablecoin risks amid expanding crypto-TradFi integration.

Dinarian Note: It appears Europe is not the only one going after Tether... 

The Financial Stability Oversight Council (FSOC) raised concerns that stablecoins pose a mounting risk to financial stability due to inadequate oversight and significant market concentration, according to its 2024 annual report.

The report called for urgent legislative action to create a comprehensive federal framework for stablecoin issuers to mitigate risks tied to their rapid growth and limited transparency.

It also called for stricter oversight of the wider crypto market amid growing integration with the traditional financial system and sustained institutional adoption.

Recommendations for stablecoins

The FSOC emphasized that stablecoins, often marketed as reliable digital alternatives to traditional currencies, are acutely vulnerable to runs without stringent risk management standards.

It also argued that the opacity surrounding issuers’ reserves and operational practices further undermines market discipline and increases the potential for fraud. The report noted that one issuer accounts for approximately 70% of the market, amplifying the risk of systemic disruptions should the entity fail. However, it did not explicitly name the entity.

The council urged Congress to establish a comprehensive federal prudential framework for stablecoin issuers. Recommended measures include requiring robust reserve management, setting minimum capital and liquidity standards, and implementing regular reporting obligations.

The report stressed that such a framework would address risks related to payment system disruptions and enhance investor and consumer protections. FSOC members also highlighted stablecoins’ growing integration with traditional financial systems as a key concern.

The report warned that without appropriate risk management standards, any instability in the stablecoin market could cascade into broader financial markets. In the absence of legislative action, the council advised federal agencies to explore alternative regulatory measures under existing authorities.

Integration with TradFi

The FSOC also detailed the expanding footprint of crypto-assets in traditional markets and warned that the sector’s rising integration with traditional finance also required increased oversight.

While the total global market value of crypto-assets remains modest compared to traditional financial markets at just under $2 trillion, recent regulatory approvals of spot exchange-traded products (ETPs) have heightened investor accessibility. The market value of spot crypto-asset ETPs surged to nearly $80 billion in 2024 following the SEC’s approval of several listings earlier this year.

Despite their growth, the FSOC emphasized that the crypto-asset ecosystem remains a high-risk sector. The report identified significant gaps in regulatory oversight of the crypto spot market, citing a lack of explicit federal rulemaking authority to address fraud, market manipulation, and other risks.

To counter these challenges, the FSOC recommended granting federal financial regulators explicit powers to oversee crypto markets that fall outside securities regulation.

While acknowledging the transformative potential of digital assets, the FSOC emphasized the need for a balanced regulatory approach that supports innovation while safeguarding financial markets.

 

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The November Algo Insights Report
Huge growth across the Algorand ecosystem!

Welcome to November’s edition of The Algo Insights Report, your monthly update for news and insights from the Foundation, Algorand blockchain, ecosystem, and more.  

November was a bumper month for Algorand, with growth across a number of sectors. In this issue of the Report, we will look into TVL growth, Trading volume, DeFi growth, and improving Market Capitalization and have a quick glance at the impact of Algorand’s Social Media in the past month. 

November proved to be an extraordinary period of growth for some of Algorand's key metrics. Total value locked (TVL) in USD experienced a dramatic surge of 216% - climbing from approximately $132 million to nearly $417 million. 

There was heightened trading activity reflected in ALGO volume, which saw an impressive 253% increase to 1.49 billion ALGO.


An improvement in market capitalization rankings further highlighted Algorand’s strengthening fundamentals. Algorand climbed from 71st position in late October to reach 35th by November's end

This broader momentum extended into the DeFi sector, where Folks Finance led an impressive wave of growth with a 265% increase in TVL, while six other DeFi protocols demonstrated their growth by at least doubling their respective TVL figures during this period.

Additionally, engagement and interest in the platform on social media has been growing. November saw substantial growth across Algorand's November X/Twitter metrics, with total impressions reaching 1.7 million, marking a 51% increase from October. Engagement metrics showed particularly strong momentum, with likes doubling to 49.8k and new follows surging by 125% to reach 5.1k. 

 
Nov_Table_Investorsreport_2 (1)

MAUs refer to any wallet which sent at least 1 txn in the month. 

Data Sources: Nodely DWDefillama

 

Total Value Locked (TVL) USD

Nov_TVL USD (1)
 

DeFi Ecosystem TVL MoM% Growth

Nov_Defi Growth_graph (1)

X/Twitter Growth metrics

Nov - X - Twitter Stats (1)

What happened in November: Algorand experienced an extraordinary growth phase, with TVL, average volume, and DeFi TVL all climbing. The platform’s growth was evident across multiple fronts: the protocol climbed from 71st to 35th in market cap rankings, DeFi protocols showed expansion led by Folks Finance, and social engagement flourished, with Twitter impressions up 51% to 1.7 million.

What is causing this: This widespread growth across Algorand aligns with renewed optimism in the cryptocurrency sector, driven by the U.S. election outcome and increasing institutional participation, particularly via spot Bitcoin ETFs, as well as other altcoin options.

The bigger picture: This period of growth for Algorand, while aligning with positive market sentiment, is the product of sustained efforts by the Foundation and across the ecosystem to enhance the protocol's real-world utility and adoption. November's metrics are impressive, but they are predicated on years of development, strategic partnerships, and technological improvements that have positioned Algorand as a platform for institutional and enterprise applications. 

 

News and Updates

From the Foundation

  • Algorand’s podcast, Verifiably Random, kicked off season two with Min, Marc, and John returning to share all things Algorand. Watch episodes one & two now!
  • The Algorand Community Town Hall: The Steakhouse, covered news on Staking Rewards and the new brand campaign. Watch it here.
  • AlgoCafe Bangkok hosted developers and enthusiasts for hands-on learning off-site from DevCon, turning it into ‘DevCan’! Catch-up here.
  • The Algorand Foundation launched the next iteration of the Blockchain Academy for UNDP, UNCDF and UNV staff. Read more here. Webinars, open to the public, will follow. See the participating projects here.
  • The Coinbase 50 Index, COIN50 includes Algorand. 
  • Nansen launched a public ecosystem growth dashboard tracking essential metrics and on-chain activities across Algorand.
  • Messari released its Q3 Report on Algorand.
  • Do you find yourself asking, ‘Can a blockchain do that?’ Here is your answer: Algorand Can - https://canablockchaindothat.com
  • As part of the ‘Can a blockchain do that’ brand campaign, Algorand took over the Brave Browser.
  • The Algorand Foundation has joined the Decentralized Identity Foundation (DIF) to empower secure, decentralized identity. 

 Algorand Regions

  • AlgoBharat and T-Hub announced investments in five pioneering Web3 startups, each leveraging Algorand’s technology to tackle significant industry challenges.

Algorand Builders

Ecosystem Round-up

  • LabTrace uses Algorand to verify and authenticate scientific data in a world where AI can forge data. Read more in this latest case study.
  • Quantoz Payments and Farport Software combined to deliver digital payment solutions on Algorand.
  • NFDomains allow you to use NFDs as Bluesky handles.
  • Tinyman’s tALGO tokens have completed its audit and Liquid Staking is now live.
  • CompX CDP is tracking on DeFiLlama

Algorand in the News

 How to Get Involved

  • Voting Session 1 for Governance Period #13 went live on November 27 and is ongoing until December 12.
  • Messina One Code Quest is here. The Code Quest features two bounties for a 40,000 ALGO prize. 

 Upcoming in December

  • December 6: Algorand Startup Lab Program Demo Day for AlgoBharat (Hyderabad, India)
  • December 7-8: Algorand India Summit (Hyderabad, India)
  • December 12: Algorand Nigeria Projects Demo

 

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