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Major Developments in the Cryptocurrency Ecosystem: Bitcoin NFT Non-Profit, Tether Milestones, and More

Major Developments in the Cryptocurrency Ecosystem: Bitcoin NFT Non-Profit, Tether Milestones, and More

Bitcoin NFT Innovation: The Ordinals Team Launches a Non-Profit

To encourage the growth of Bitcoin-based NFT projects, the Ordinals Team has initiated a non-profit organization to support NFT developers. The initiative offers funding and collaboration opportunities, aiming to build a robust ecosystem for digital art on Bitcoin. (Coindesk)

Tether's Stablecoin Market Cap Hits All-Time High

Reflecting stablecoin demand amid market volatility, Tether (USDT) has achieved a historic peak in market capitalization, underscoring its role as a stable choice among traders seeking a hedge in the crypto market. (Cryptoticker)

Litecoin Marks Its Third Halving: Reducing Rewards, Maintaining Supply

Litecoin recently completed its third halving event, reducing block rewards by 50%. This process aligns with Litecoin’s goal to control supply, potentially influencing price trends and solidifying its status as a long-standing cryptocurrency. (Coindesk)

Spot Bitcoin ETF Approval Probability Rises to 65%

Bloomberg analysts now estimate a 65% likelihood for the approval of a spot Bitcoin ETF. This development could encourage more institutional involvement by providing direct Bitcoin exposure to investors. (Coindesk)

Hong Kong's First Crypto Retail Trading License Goes to HashKey

In a regulatory breakthrough, HashKey Digital Asset Group has obtained Hong Kong’s inaugural crypto retail trading license. This step paves the way for regulated retail trading, giving Hong Kong-based investors a secure platform for crypto participation. (The Block)

Ethereum Futures ETFs: Applications Reflect Market Demand

Multiple asset managers are applying to offer Ethereum futures ETFs, allowing investors access to Ethereum's price without direct ownership. This trend underscores the demand for regulated crypto investment products. (Cointelegraph)

Shiba Inu Addresses Surge as SHIBARIUM Launch Approaches

With the SHIBARIUM launch nearing, Shiba Inu (SHIB) address activity has surged, reflecting growing excitement in the community. The new layer promises expanded capabilities, potentially increasing SHIB's use cases. (Watcher Guru)

Bitcoin-Based Arcade Game: Bridging Crypto and Gaming

A new Bitcoin-powered arcade game is gaining traction, showcasing the appeal of blockchain in gaming. This game offers in-game rewards in Bitcoin, exemplifying a novel intersection of digital currency and entertainment. (Coindesk)

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