🦎🚀 For the culture! 🔺

Friday, December 29, 2023

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🎇Happy New Year!🎇

The team will be taking a short break for the New Year, so expect us in your inbox again from 2nd January 2024. Have a good weekend and a Happy New Year!

Back Under $100

The price of Solana has declined since reaching its yearly high of $124 and was last seen trading below $100 per coin earlier today, as per CoinGecko data.

Additionally, the asset briefly lost its position as the fourth-largest cryptocurrency by market cap, relinquishing its place to BNB earlier this week.

In other news, India has banned nine offshore crypto exchanges, a federal judge ruled that Terraform Labs sold securities, and the Avax Foundation plans to invest in meme coins.

Read on!

Most Popular Narratives of 2023

AI, GameFi and meme coins were the most popular narratives this year, capturing 30% of interest.

4 blockchain ecosystems ranked among the top 15 crypto narratives: Solana, BRC-20, Ethereum & Avalanche.

24h Hot Searches Worldwide 🔥

FEG (-0.4%)
Tectum (-11.3%)
BNB (-3.9%)
Guacamole (-28.4%)
Sei (+9.6%)
Kaspa (+18.5%)
Chihuahua (-24.4%)

A new layer-2, Blast, made waves in the crypto community with its "launch" a few weeks ago, garnering over $500 million in TVL within its first week. Learn about its confirmed airdrop and risks in this video!

Watch now!

The Indian Defense

India's Financial Intelligence Unit, responsible for monitoring and regulating suspicious financial activities, has issued compliance notices to nine offshore cryptocurrency exchanges.

Additionally, the agency requested the Ministry of Electronics and Information Technology to block these exchanges' websites within the country.

Some of the exchanges affected by this action include Binance, Kucoin, HTX, and Kraken.

The Block

LUNA and MIR Deemed Securities

A U.S. federal judge ruled on Thursday that Terraform Labs, the creator of Terra and Luna, breached federal securities laws.

The judgment stated that Terraform Labs did not register LUNA and MIR, cryptocurrencies within the Terra ecosystem, as securities when selling them to the public.

CoinDesk

Memecoin Initiative

The Avalanche Foundation, responsible for Avalanche Network's development, announced intentions to allocate its $100 million NFT incubator fund toward purchasing memecoins.

This decision is part of its 'Culture Catalyst' initiative, originally introduced in March 2022 to support prospective NFT ventures on the network.

Cointelegraph

Last Chance to Redeem! 🎄

From now till December 31, celebrate the festive season with our exciting airdrop and raffle giveaways from our friends at Decentral Games and Norma in Metaland.

Join now!

Buidl Your Own AI Crypto Chatbot

Fortunately with drag-and-drop editors, advanced coding skills are no longer required to create an AI crypto chatbot based on a language learning model (LLM).

In this low-code, beginner friendly tutorial, we'll cover how to easily develop and deploy your own AI crypto chatbot with Flowise, OpenAI and CoinGecko API!

Learn more

Here are the top trending coins for this week!