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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Galaxy Digital: Risk investment activities in the encryption field will still be sluggish in 2024
Odaily Planet Daily News Galaxy Digital stated in a research report that despite the recent pump in digital asset prices, venture capital (VC) activity in the Cryptocurrency realm remains below the previous Bull Market levels. The stagnation in the VC market has several reasons, including the "barbell market," where BTC and its new Spot ETF take center stage, and the limited "marginal net activity" of meme coins. These meme coins are difficult to obtain funding support for and their "lifespans are in doubt." The report states that new projects at the intersection of artificial intelligence (AI) and Cryptocurrency are increasingly being followed, and upcoming regulatory changes may bring more opportunities for stablecoin, Decentralized Finance, and tokenization. (CoinDesk)