Coins.ph, inDrive, and Hivemapper Launch Blockchain-Powered E-Hailing Fleet
Coins.ph, inDrive, and Hivemapper have introduced the Philippines' first blockchain-powered e-hailing fleet, enabling drivers to earn additional rewards by mapping Metro Manila's roads. This initiative utilizes Decentralized Physical Infrastructure Networks (DePIN) technology to integrate blockchain with traditional ride-hailing services. Drivers equipped with Hivemapper's mapping devices contribute to creating an up-to-date, decentralized global map, enhancing urban planning and traffic management. Beyond ride-hailing earnings, drivers receive $HONEY tokens, which can be securely stored and managed via Coins.ph. (Inquirer)
JPMorgan Projects Bitcoin's Continued Market Dominance Through 2025
JPMorgan analysts forecast that Bitcoin will maintain its dominance over Ethereum and other altcoins throughout 2025. They attribute this to Bitcoin's strong position in the crypto fund space, with significant inflows into spot Bitcoin ETFs compared to relatively subdued interest in Ethereum and other altcoin ETFs. Additionally, Bitcoin's evolving network capabilities, including new smart contract functionalities, enhance its competitiveness against other tokens. The analysts also note that institutional adoption and government initiatives, such as U.S. states proposing bills to establish Bitcoin reserves, further bolster Bitcoin's leading status in the cryptocurrency market. (TheBlock)
Trump Considers Strategic Reserve of U.S.-Based Cryptocurrencies
President-elect Donald Trump is reportedly open to establishing a strategic reserve comprising U.S.-based digital assets such as Solana (SOL), USD Coin (USDC), and Ripple (XRP). This initiative aims to bolster the domestic cryptocurrency industry and may include appointing crypto-friendly officials and ending debanking practices that have previously affected crypto startups. While the proposal has raised concerns about potentially undermining Bitcoin's market dominance, it reflects a broader trend of integrating digital assets into national financial strategies. Additionally, state-level efforts, like Oklahoma's introduction of the Strategic Bitcoin Reserve Act, indicate a growing interest in incorporating cryptocurrencies into public investment portfolios. (CryptoBriefing)
DePIN Projects Showcase Sustainability and Revenue Potential
Decentralized Physical Infrastructure Networks (DePINs) are gaining traction, with investors like Tribe Capital's Evan Park emphasizing the importance of genuine demand and transparent revenue sources in project evaluations. Successful DePIN initiatives, such as Geodnet and Helium, have achieved sustainable profitability by addressing real-world challenges without over-relying on tokenomics. Notably, Glow Protocol has emerged as a leading revenue-generating DePIN by incentivizing renewable energy production through token rewards and carbon credit sales. As the DePIN sector evolves, discerning investors are focusing on projects with authentic use cases and verifiable revenue streams to ensure long-term viability. (Blockworks)
Potential Litecoin ETF Could Attract Significant Investment
A theoretical Litecoin (LTC) exchange-traded fund (ETF) could see inflows up to $580 million if it achieves adoption rates similar to Bitcoin ETFs. Canary Capital is currently the leading candidate to introduce this financial product. The approval of a Litecoin ETF is anticipated to boost interest and participation in the cryptocurrency market. This development reflects the ongoing trend of integrating digital assets into traditional financial systems. (CoinDesk)
Dubai to Inaugurate World's First 'Crypto Tower' by 2027
Dubai has announced plans to construct a 17-story 'Crypto Tower' in the Jumeirah Lakes Towers area, aiming to support the region's growing blockchain, DeFi, and Web3 communities. The tower will offer 150,000 square feet of leasable space, including nine office floors, three dedicated to blockchain incubators, and one for AI innovation. Additional features include a 10,000-square-foot indoor event space, a 3,500-square-foot outdoor area, a crypto club, gold bullion shop, and a 5,000-square-foot vault for valuables. Construction is expected to be completed by the first quarter of 2027, reinforcing Dubai's commitment to becoming a global hub for technological innovation. (BeinCrypto)
Younger Generations Embrace Crypto for Retirement Savings
A recent Bitget Research report reveals that over 20% of Generation Z and Alpha are open to receiving pensions in cryptocurrency, indicating a significant shift in financial planning preferences. Additionally, 78% of respondents expressed greater trust in alternative retirement savings options, such as decentralized finance and blockchain-based solutions, over traditional pension funds. The report also highlights that as of January 2025, 40% of individuals in these age groups had already invested in cryptocurrency. (Cointelegraph)
