It has been claimed that world leaders are becoming aware of what is being called “Trump’s pro-crypto playbook,” which seems to be bringing business to the US, indicating that there may be a change in the international stance towards digital asset regulation. Deribit is cited as the latest cryptocurrency options exchange to establish operations in the US. Other firms such as OKX, Nexo, Wintermute, and DWF Labs are also rumored to be relocating to the US in the near future.
Global Alignment with US Stance
Even the reports of governments suggesting a relocation of business are in alignment with the United States’ pro-crypto approach, indicating that America is aggressive in using crypto. The UK’s Prime Minister, Keir Starmer, seems to have sensed the crypto vibe shift and plans to unlock crypto for the UK will make the UK’s crypto policy align with US policy and not the EU framework. This approach seems to denote that the pro-crypto posture of America is emerging as the most dominant approach in the competition for leadership in digital assets around the world. On the other hand, it is Cointelegraph’s opinion that the outcome of Saturday’s election in Australia will result in laws favorable to crypto regardless of who wins because the Labor and the Liberal parties seem to be in silent agreement with the technology. As America is said to be the world’s economy superpower, their actions are reported to have effects around the globe, and with the recent moves the country made regarding crypto regulation seem to usher in a new era for the industry, bestowing trading opportunities all around.
Nexo: A Featured Firm
Nexo is highlighted as one of the crypto firms that purportedly intends to move its operations to the United States, as they currently reside in Switzerland. Nexo indicates it operates out of a country that promotes financial activity, but its legislature is said to be surpassingly strict and innovation would be stifled. The claim is made that once Nexo migrates to the United States, it will supposedly be able to operate in a fashion that maximally drives impact, resulting in new products and partnerships being formed, and thus, increased innovation. Nexo is characterized as a project in DeFi and a wealth management application for retail and institutional clients. It claims to enable users to earn yield on their crypto assets, swap cryptocurrencies, trade futures, and even spend their crypto cash in the physical world. Value-added services include providing access to trade on other chains via change at a better ratio compared to fiat. Customers of the platform gain access to better deals when paying transaction fees and yields with the $NEXO token, as they receive discounted fees and increased yields. Clients are segmented according to the level of their $NEXO holdings, allowing them to reach up to four reward levels, with higher tiers granting access to better rewards.
Featured Project: BTC Bull Token
The ERC-20-based BTC Bull Token is projected to take its place at a $540M market cap alongside its competitors. In the BTC reward sphere, $BTCBULL aims to challenge the industry’s top cap, perceiving itself as the first crypto ever remunerating holders in bitcoin. Under the memecoin guise, it claims to embody the spirit of crypto, where primitive it started as artisanal humor turned into a multi-faceted industry worth over $59B. They also claim that Bull Tokens will supposedly be distributed to holders at various levels of milestone price targets, beginning at $100K Bitcoin. The project seeks to issue an ulterior yield token, which is now in the presale phase, raising $5.2M, confirming their expectation about market demand. Combined with that expectation and alleged innovative case, they think meme coins soar post-exchange listings. Investors able to dine with a few easily accessible BTC forks are risk-adjusted, allowing them to achieve x10 or x100 returns. Exchange Spotlight: Raydium
It has been predicted that with growing adoption across the crypto ecosystem, there will be an increase in the volume of crypto trading, which is said to benefit decentralized exchanges the most. The focus currently appears to be on Solana, a blockchain described as having the highest user activity and trading activity. Solana’s leading decentralized exchange, Raydium, reportedly has over $982 million in trading volume today. The project also seems to have recently launched a meme coin launchpad, enabling people to create meme coins instantly without any programming skills. Meme coins are considered one of the most notorious asset classes during bull markets, suggesting that this feature will likely increase Raydium’s popularity in the near future.
Featured Sector: Render for Decentralized AI
Render could be an interesting crypto to invest in, as decentralized AI is listed among the most famous applications of crypto technology. Al-power and its processing units (GPUs) are considered AI’s life source, as they are needed for both training and running AI models. OpenAI Founder Sam Altman has famously remarked that the demand for the company’s most recent ChatGPT image generation model is “melting” its GPU hardware. Rend3r is claimed to be crypto’s foremost decentralized GPU marketplace where AI pros and GPU hardware proprietors can interact. It allows AI engineers to traverse the previous limitations of hardware, as GPUs idling can be monetized by those who own them. According to Render, GPU computing resources are perishable assets that can be instantly capitalized. AI engineers can buy the resources they require dynamically or rent in a GPU-centric economy at finely detailed temporal granularity. GPU owners and AI engineers alike profit. As a leading provider of GPU power, Render is reportedly well positioned to capitalize on advances in AI technologies.
