Web3 🌘 Thursday whirlwind: Coinbase & JTO, ECB Report, Bitcoin Bull Run & Megadeth NFTs

Welcome to a whirlwind tour of the latest happenings in the world of crypto and beyond!
From exciting developments in the DeFi space with Jito's token listing and the ECB's report on crypto's growing role in EMDEs, to expert discussions on Bitcoin's recent surge and Megadeth's innovative foray into NFTs, this blog post has something for everyone. Let's dive in and explore the diverse landscape of this ever-evolving technological revolution!

1/ Coinbase to Lists Jito After Solana Airdrop. ⚡️

Coinbase, the leading US cryptocurrency exchange, has announced it will list JTO, the governance token of Solana-based DeFi project Jito, following the airdrop commencing on Thursday. Jito is the second-largest DeFi project on Solana and allows users to earn returns on their tokens. This announcement comes amidst growing interest in Solana and follows Coinbase CEO Brian Armstrong's recent statement about the platform's plans to integrate with the blockchain.

Coinbase Set to List Jito Following Airdrop of Solana Token - Decrypt

Coinbase has announced it will list Solana-based DeFi project Jito’s token on its platform following the JTO airdrop Thursday.

DecryptMat Di Salvo

2/ ECB Report: Crypto Adoption Rises in Emerging Economies. 📑

The European Central Bank (ECB) has released a report highlighting the growing popularity of cryptocurrencies, particularly Bitcoin (BTC), in emerging and developing economies (EMDEs). This trend is primarily driven by three factors: speculation, store-of-value preference, and cross-border transactions.
With limited investment options and unstable currencies, cryptocurrencies offer EMDE residents a means to speculate and protect their wealth against inflation and depreciation. The ability to circumvent capital controls and facilitate cheaper cross-border transactions further fuels the growing popularity of digital assets in these regions.
The ECB report also highlights the significant role of cryptocurrencies in providing financial stability and facilitating international trade in EMDEs, despite their inherent volatility. This trend is likely to continue as economic uncertainty persists and individuals seek alternative solutions for managing their finances.

European Central Bank report highlights the role of crypto

The European Central Bank (ECB) has released a report shedding light on the growing adoption of cryptocurrencies, particularly Bitcoin (BTC), in emerging and developing economies (EMDEs).

CryptopolitanBenson Mawira

3/ Bitcoin ETF & Halving Fuel 2024 Surge Bets. 💸

Bitcoin's recent price surge above $42,000 has sparked discussions among industry experts, who attribute it to two major events: the approaching Bitcoin mining reward halving and the potential approval of Bitcoin ETFs. Industry experts discussed these developments at the Next Block Expo in Berlin, emphasizing their psychological and economic impacts. The halving event, likened to a "medieval battering ram," is predicted to influence investor behavior based on previous cycles. Similarly, Bitcoin ETFs are anticipated to generate substantial income, boosting the overall market. Notably, Bitcoin's deflationary protocol, in contrast to traditional currencies, has been lauded for its innovative approach. While optimism reigns, experts urge caution, advising cryptocurrency start-ups to maintain a long-term perspective and prepare for potential market fluctuations.

Bitcoin’s Rise in Anticipation of ETF Approval and Halving Event Sets Stage for 2024 Surge

Dive into how Bitcoin’s expected ETF approval and the upcoming halving event are contributing to its price surge, as discussed at the Next Block Expo conference in Berlin.

ETHNewsJane Smith

4/ Megadeth Launches NFT Collection. 📢

Legendary thrash metal band Megadeth has announced the launch of their own NFT collection, offering fans exclusive access to digital and real-world experiences. The 5,000-piece collection features their iconic mascot, Vic Rattlehead, and grants holders access to perks like private conversations with band members in the metaverse.

Megadeth Drops NFT Collection, Offers Exclusive Access to Metaverse And Real World Events

Megadeth announced an NFT collection that unlocks exclusive perks for fans. Learn how they’re using web3 tech to connect with their community

CryptonewsTrent Alan

Conclusion:

Overall, these diverse developments illustrate the multifaceted and ever-evolving nature of the crypto landscape. From Coinbase's listing of Jito and the ECB's report on crypto's role in emerging economies to Bitcoin's price surge and Megadeth's NFT Collection.
As we approach 2024, the anticipation surrounding Bitcoin's halving and potential ETF approvals, coupled with the growing adoption of crypto in developing economies, paints a picture of a dynamic and exciting future for the digital asset space.

Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.

WEB3 AI ML