Crypto Monday: Weekly market prep
1. Ethereum Foundation seeks to preserve global neutrality
Vitalik Buterin, in a recent social media post, announced the Ethereum Foundation's (EF) commitment to maintaining a neutral stance, emphasizing the avoidance of close ties with politically influential figures and highly centralized organizations. The EF plans to steer clear of ideological shifts and lobbying efforts, particularly in powerful nations, to preserve Ethereum's status as a globally neutral platform. This decision comes amidst internal leadership reforms, possibly in response to Ethereum's performance in the current market cycle, suggesting a focus on decentralization and reducing political susceptibility.
2. Trump readies to repeal controversial crypto accounting policy
Donald Trump has announced the launch of his memecoin, TRUMP, and is expected to issue an executive order on his first day in office, seeking to repeal a controversial cryptocurrency accounting policy. The policy in question currently requires banks holding digital assets to treat them as liabilities. Trump's team has prioritized this action, aiming to protect cryptocurrency investors from what he terms the "Washington bureaucratic swamp." The anticipated executive orders are poised to reshape cryptocurrency regulations, emphasizing investor protection and a shift toward decentralization.
3. Base sets ambitious goals for 2025 focusing on Chinese devs
Base has unveiled its roadmap for 2025, aiming for a transformative year with plans to expand its blockchain capabilities to 250 Mgas/s, attract 25 million users, enroll 25,000 developers, and achieve a transaction volume of 1 billion by October. The goal is to reach $100 billion in on-chain assets by year-end. Additionally, Jesse Pollak, the head of the Base protocol, emphasized on X that supporting Chinese developers is one of his top priorities for 2025.
4. US 119th Congress prioritizes digital asset framework
Eleanor Terrett, a reporter for Fox Business News, tweeted that US Senator Tim Scott has released the priority list for the 119th Congress, which prominently includes the creation of a framework for digital assets. This indicates that regulatory compliance and market norms will be critical factors soon.
5. ELIZA releases Litepaper and new tokenomics: 10% profits for buyback and burn
Eliza Wakes Up, an official collaboration project with ai16z has released its Litepaper and a new token economic model. Ava, the developer of Eliza Wakes Up, posted on X that the project is a comprehensive AI companion framework supported by the ELIZA token on the Solana blockchain, designed to merge advanced companion AI with sustainable tokenomics. Key technological features of Eliza Wakes Up include persistent memory architecture, a core memory system, daily logging, and a natural relationship evolution mechanism that does not require XP. The new tokenomics highlights that 10% of net profits will be used for the buyback and burning of ELIZA tokens, 10% converted into ELIZA and donated to the ai16z DAO, with the remaining 80% allocated to development, infrastructure, and marketing.
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