In its latest “State of Venus Q4 2024” report, Messari offers a comprehensive analysis of Venus Protocol’s performance over the past quarter. The report highlights the protocol’s impressive growth, key innovations, and strategic advancements, particularly its sustained leadership on BNB Chain and continuous improvements in the DeFi space.
Robust Growth and Market Performance
In Q4 2024, Venus Protocol demonstrated strong performance, maintaining its status as the largest lending protocol on BNB Chain. The protocol continued to see substantial user adoption, with total value locked (TVL) remaining resilient despite broader market fluctuations. The quarter also saw significant improvements in liquidity, borrowing demand, and supply-side growth.
Protocol Enhancements and Security Measures
Venus Protocol made key technical advancements in Q4, enhancing its risk management framework to improve capital efficiency while maintaining robust security. The team introduced new governance proposals aimed at optimizing reserve factors, improving oracle reliability, and refining liquidation mechanics. These updates ensure Venus remains one of the most secure and efficient lending platforms in the DeFi space.
Expansion and Ecosystem Growth
The report highlights Venus’s continued ecosystem expansion, with integrations into new chains and collaborations that strengthen its cross-chain lending capabilities. Additionally, the protocol has deepened its partnerships with leading DeFi platforms to enhance liquidity and utility for its users.
Looking Ahead
With a strong foundation and a clear roadmap for 2025, Venus Protocol remains focused on innovation and sustainability. Future developments include further enhancements to its risk engine, governance refinements, and the potential expansion to additional blockchain networks.
Venus Protocol’s Q4 2024 report underscores its position as a market leader in decentralized finance, reaffirming its commitment to providing a secure, efficient, and scalable lending platform for users worldwide.
Venus Protocol is the leading decentralized lending and borrowing platform on BNB Chain, offering users seamless access to crypto-backed loans, yield generation, and an innovative governance model. By providing a secure, efficient, and scalable DeFi ecosystem, Venus empowers users to maximize their digital asset holdings.
Trust Wallet surpassed 200 million downloads this year and ranked as the most downloaded wallet globally in March 2025. As more users look for direct control over their digital assets, the company is shifting its focus from simple storage to a broader set of tools for interacting with Web3.
In this interview, CEO Eowyn Chen discusses Trust Wallet’s product direction, the growing role of AI, and what it takes to design accessible tools without compromising on autonomy. She also reflects on her leadership approach and the long-term vision behind the company’s push toward user empowerment.
Eowyn Chen: Being a Web3 companion means showing up for users across every step of their journey—not just storing assets, but helping them safely explore, learn, and engage. The wallet is no longer just a tool; it’s the interface to the future economy. That means abstracting technical hurdles, offering helpful context when users need it, and keeping them protected along the way.
For us, it’s also about values—standing on the user’s side, upholding self-custody, and enabling freedom without compromise. Whether someone is making their first swap or interacting with an AI-powered dApp, the wallet should feel like a trusted guide, not a challenge to overcome.
BeInCrypto: Hitting 200 million downloads and topping March 2025’s global wallet charts is no small feat. What do you believe this milestone says about the direction of user behavior in Web3, and what signals are you paying the most attention to?
Eowyn Chen: This milestone shows that users are increasingly prioritizing autonomy, access, and ownership. Self-custody is no longer just for early adopters—it’s becoming a mainstream expectation.
We’re also seeing strong demand for tools that make Web3 simpler without sacrificing control. That means onboarding must improve, cross-chain interactions must feel seamless, and safety must be embedded into the experience.
At a deeper level, we’re tracking signals beyond just volume: retention, confidence, and the kinds of real-world problems users are trying to solve with Web3 tools. Our job is to listen closely and build with intention, not just scale for growth’s sake.
Eowyn Chen: It’s a fine balance, but an essential one. The ethos of self-custody means putting users in control—but that shouldn’t mean putting them through unnecessary friction. We’re working to abstract away pain points like gas fees, key management, and confusing transaction flows, while still keeping users informed and empowered. Our approach is to blend technical standards (like account abstraction) with intuitive UX and even AI-driven assistance. The goal is to make the complexity feel seamless—so users don’t need to think about what’s under the hood, only that it works, and they’re in control.
BeInCrypto: You’ve spoken about Trust Wallet evolving into something like the “Revolut of Web3.” What does that analogy look like in practice—and how do onramps, token discovery, and scam protection play into that larger ambition?
Eowyn Chen: Think of it as combining the polish and ease of a Web2 fintech app with the freedom and transparency of Web3.
In practice, this means enabling users to move smoothly across experiences: accessing crypto with fiat, discovering real on-chain opportunities, engaging with dApps, and avoiding threats like scams or fake tokens. It’s about building a unified experience where everything—from token discovery to protection to exploration—feels cohesive and trusted.
We’re not trying to replace banks or exchanges, but to offer a self-custody alternative that feels just as seamless and far more empowering.
BeInCrypto: TWT utility is growing beyond governance into a more integrated part of the user journey. What role do you see it playing in strengthening user retention, trust, and community participation in 2025 and beyond?
Eowyn Chen: We’re focused on aligning TWT utility with meaningful user value. That includes areas like supporting gas fees, boosting staking rewards, or unlocking loyalty and referral benefits.
The more TWT becomes part of the everyday user experience—without compromising security or sovereignty—the more it can help strengthen long-term engagement. It’s not about short-term incentives, but creating mechanisms that reward participation, build trust, and reinforce community ownership over time.
BeInCrypto: With AI-powered assistance becoming part of Trust Wallet’s interface, how do you balance the value of helpful automation with the responsibility of preserving user agency and privacy?
Eowyn Chen: We believe AI can enhance self-custody, not replace it. The key is giving users smarter context, not taking decisions out of their hands. Whether it’s flagging a suspicious address, summarizing a transaction, or helping someone troubleshoot an issue, AI should feel like a co-pilot—not a black box.
Privacy is non-negotiable, so we’re building AI in ways that don’t compromise control or expose sensitive data. The vision is a wallet that knows you well enough to help, but respects your boundaries. It’s about trust, transparency, and user-first design at every layer.
BeInCrypto: You’ve led Trust Wallet through volatile markets and deep technical shifts. What has shaped your leadership style most—and how do you keep your team aligned with a long-term mission when the industry often rewards short-term hype?
Eowyn Chen: Resilience, clarity, and values. This industry moves fast, but we’ve seen time and again that chasing hype doesn’t build lasting trust.
What grounds me is staying close to our users and our mission: to empower people with ownership, access, and opportunity. I try to lead with transparency—sharing both our ambitions and our challenges—and to create space for builders to experiment without losing sight of why we’re here.
The best ideas often come from people who deeply care, so part of leadership is protecting that space while still moving decisively.
BeInCrypto: Looking ahead, what would success look like for Trust Wallet not just in terms of users or revenue, but in terms of reshaping how people interact with digital value every day?
Eowyn Chen: A big part of success means users don’t even have to think about the word “Web3”—they just do what they need to do, confidently and securely. Whether it’s sending money to family, collecting rewards, securely storing their crypto assets, or interacting with a digital ID, their wallet handles it naturally.
We want to help make self-custody the default experience—not just for crypto, but for digital value in all forms.
If we’ve done our job right, users will feel more empowered, more connected, and more in control of their digital lives—not just because of Trust Wallet, but because of what it enabled them to do.
PureFi, a ZK privacy-based compliance infrastructure provider for institutional grade DeFi projects like Panther protocol, Astra DAO and RAILGUN has launched the integration of its advanced AML/KYC framework directly into Uniswap V4’s smart contract. This upgrade addresses critical security gaps by enforcing regulatory compliance at the protocol level, ensuring all transactions undergo verification before execution—effectively closing loopholes exploited by malicious actors.
Protocol-Level Compliance: Closing Security Gaps at the Core
Unlike traditional security solutions that apply compliance measures solely at the front-end, PureFi’s technology embeds verification into the blockchain’s core logic. This ensures compliance persists even when users bypass interfaces and interact directly with smart contracts, the same method used in the recent Bybit hack when the Lazarus Group was able to swap 8000 mETH using Uniswap. PureFi was created with the aim of enabling tailored, rules-based compliance without compromising the core values of decentralization and privacy.
“Combating on-chain criminality is absolutely essential to not only ensuring privacy sets like RAILGUN can safely grow, it’s also vital to the sustainability of DeFi. PureFi is leading the way in real time analytics to keep you and your funds safe on-chain.” –Railgun Team
Bridging Compliance with Decentralization: PureFi’s Uniswap V4 Integration
Built on Uniswap V4, PureFi Dex demonstrates how decentralized exchanges (DEXs) can align with regulatory standards without compromising decentralization. Its architecture includes:
Custom Compliance Routers: Replacing standard Uniswap interfaces with protocol-specific routers.
Level Based Verification: A dynamic system scaling checks based on transaction volume:
Low-volume: Basic identity and sanctions screening.
Mid-volume: Enhanced liveness checks and source-of-funds validation.
High-volume: Comprehensive KYC, risk-based wallet scoring, and real-time monitoring.
“We’re not enforcing compliance on DeFi. We’re giving protocols the tools to interact with new user groups — especially institutions — in a secure, privacy-preserving way. And we’re doing it in a way that anticipates future regulation, while respecting today’s decentralization ethos.” – Slava Demchuk, CEO, PureFi Protocol
PureFi vs. Predicate: The Competitive Edge in DeFi Compliance
PureFi’s framework outperforms alternatives like Predicate through:
Centralized Issuer Reliability: A unified issuer service powered by AMLBot’s compliance engine and integrated KYC/KYT providers ensures consistency. Predicate’s reliance on multiple third-party Operators introduces fragmentation risks.
Hybrid Transaction Security: Combining co-signed transactions with user-managed whitelists reduces delays for institutional traders while maintaining compliance. Whitelisted addresses engaging in suspicious activity are revoked instantly.
Unified KYC/AML Workflow: Unlike Predicate’s disjointed compliance tools, PureFi integrates both checks into a single system.
Features: Enabling Secure, Privacy-Preserving, and Compliant DeFi
Rule-Based and Customizable
PureFi’s system isn’t about enforcing blanket KYC — it’s about enabling contextual compliance. Protocols and institutions can define flexible rules (e.g., based on transaction volume or risk profiles) and adapt over time. Since global DeFi regulation is still evolving, we mirrored existing CeFi compliance frameworks to provide a usable starting point and future customise the rule-based approach based on the regulations and market demand.
PureFi Is Built On SSI Concept
Our initial design was based on the Self-Sovereign Identity (SSI) principle — putting control in the user’s hands. However, due to practical and legal constraints (like GDPR, which does not recognize users as data controllers in a VASP context), we developed a more robust, on-chain identity system that preserves decentralization while meeting compliance needs. When regulations mature to allow a truly decentralized SSI setup, our infrastructure is ready to support it.
Zero-Knowledge Proofs at the Core
Privacy is not an afterthought — it’s fundamental. PureFi uses ZK proofs so that once a user is verified, no personal data is revealed to third parties or the DeFi protocol itself. The system simply checks whether a user meets a predefined rule — nothing more, nothing less.
A Blueprint for Future Regulation-Ready DeFi
PureFi Dex is currently operational for UFI/BNB trading pair, offering a blueprint for secure, regulation-ready DeFi platforms.Its modular design allows seamless updates to compliance rules via off-chain configuration, eliminating the need for smart-contract redeployment as regulations evolve.
About PureFi
PureFi specializes in blockchain-native compliance solutions, enabling DeFi protocols, institutions, and traders to meet global regulatory standards without sacrificing decentralization. PureFi DEX enables fully compliant DeFi swaps and liquidity management for Hedge funds, trading desks and institutions.
A city-wide smart infrastructure initiative enters a new phase with a multi-million-dollar expansion and a growing Web3 footprint.
Târgu Mureș, located in central Romania, is actively using NeoTech’s AI-powered 3D mapping technology to modernize urban systems. This is not a new move; the partnership began back in 2022, with strong support from local officials.
Through NeoTech’s 2 cm-accurate 3D mapping, the city can model roads, buildings, public green spaces, and infrastructure assets in high fidelity. This data is already being applied to real-world planning, from simulating public works projects to visualizing zoning decisions.
In one notable use case, Târgu Mureș opened an international architectural competition using NeoTech’s 3D models. Architects worldwide used the digital twin to design a new parking structure entirely virtually without ever stepping foot in the city.
From Infrastructure to On-Chain Revenue
In collaboration with both the City Hall and Mureș County Council, NeoTech is now executing a seven-figure agreement to expand its digital twin infrastructure across the region, making it one of the most comprehensive municipal 3D mapping deployments in Eastern Europe.
The latest phase of the partnership will see over $100,000 in revenue reinvested directly into the NEOT token ecosystem. This approach connects physical infrastructure with digital economies, starting from a city contract to platform revenue to on-chain buybacks and token utility.
It’s a tangible demonstration of how Web3 technology can serve public sector goals while supporting tokenized ecosystems.
Political Support and Long-Term Vision
Mayor Zoltan Soos has been a supporter of the technology, noting the city’s ability to track investments, improve accountability, and forecast urban change, all through NeoTech’s interface.
“We are impressed by the results… We can follow in real time all the costs, budget and investments,” said the Mayor.
This kind of support highlights the growing institutional appetite for decentralized platforms that offer practical value.
What Sets NeoTech Apart
NeoTech combines LiDAR-based scanning, AI-powered processing, and blockchain-based asset tokenization, all into a single platform. Its sub-2cm digital twins are used not only by city governments but also by metaverse developers, real estate firms, and virtual tourism platforms.
Key features include:
Ultra-precise mapping for smart cities
NFT-based asset ownership for real-world locations
Tokenized infrastructure with built-in monetization
B2B marketplace for licensing digital assets
The company has already scanned over 500 cities across seven countries, with more deployments in progress.Unlike traditional GIS platforms that silo data, NeoTech enables shared access, tokenized ownership, and decentralized governance. Assets can be rented, traded, or used in metaverse applications, all tied back to verifiable real-world locations.
This model opens up new possibilities in areas like: urban planning, digital advertising, immersive simulations, AI training datasets, on-chain asset trading, etc.
Looking Ahead
With Târgu Mureș as a leading example, NeoTech is now in discussions with additional municipalities and private sector partners in Europe, the Middle East, and North America. The goal is to expand the smart city network and the on-chain economy that supports it.
As cities continue to explore new models for managing data, planning infrastructure, and engaging citizens, NeoTech offers a working blueprint.
About NeoTech
NeoTech is a leading AI-powered 3D mapping and RWA tokenization company with a strong foundation in enterprise geospatial solutions. Having worked with governments, municipalities, and businesses in Romania, NeoTech is now expanding into Web3 to bring real-world asset ownership to blockchain.
As we enter Q2 of 2025, the global crypto market finds itself steering a complex intersection of macroeconomic and geopolitical pressures.
BeInCrypto spoke with analysts Leena ElDeeb of 21Shares and Max Shannon of CoinShares, who offer distinct but insightful perspectives on the crypto space’s outlook for the new quarter.
Bitcoin’s Future: Bullish or Bearish?
The two analysts share a bullish outlook on Bitcoin, albeit with differing views on its short-term fluctuations. Leena ElDeeb sees the potential for Bitcoin to surpass $90,000, driven by macroeconomic factors such as a possible rate cut by the US Federal Reserve.
“February’s softer-than-expected CPI print boosted rate cut expectations. If rate cuts materialize, a wave of liquidity could reignite bullish momentum, pushing equities and Bitcoin past key resistance levels,” she told BeInCrypto.
In her view, Bitcoin could eventually hit a range between $150,000 and $200,000 by the year’s end, bolstered by growing regulatory clarity and political support, such as President Trump’s proposal for a strategic crypto reserve.
Max Shannon, on the other hand, remains more cautious about Bitcoin’s immediate future. He predicts that Bitcoin will continue to trade within a wide range of $70,000 to $90,000 in Q2, constrained by persistent tariff issues.
“The moment they [tariffs] get lifted will likely be a massive boon for the equities and crypto market,” he notes, indicating that a resolution could pave the way for Bitcoin’s next big move.
Both analysts acknowledge Ethereum’s struggles, particularly its nearly 40% drop in Q1. However, they also highlight key developments that could support a recovery in the next quarter.
ElDeeb points to Ethereum’s upcoming upgrade, the Pectra upgrade, which is expected to improve staking and network scalability.
“Ethereum’s staking is also about to be improved with the launch of Pectra. These changes are expected to boost the appeal of staking-enabled products,” she explained.
Additionally, she sees growing competition from other blockchain platforms like Solana and Sui, which are attracting retail users with faster and cheaper transactions. Despite this, ElDeeb remains optimistic about Ethereum’s long-term potential, particularly as scalability solutions begin to take effect.
Shannon is more skeptical of Ethereum’s future, specifically with its ongoing challenges in both the monetary and smart contract spaces.
“Ethereum is attempting to function both as a monetary asset, where it struggles to compete with Bitcoin, and as a smart contract platform, where it faces strong competition from Solana,” the CoinShares analyst stated.
Shannon also highlights Ethereum’s changing monetary policy and the increasing technical debt as concerns that could limit its growth in the short term.
The rise and fall of celebrity meme coins like TRUMP, MELANIA, and LIBRA were hot topics in Q1 2025. Both analysts agree that the hype around this category of tokens is unlikely to be sustained in the long run.
“The forthcoming cryptocurrency market rally is anticipated to be driven by significant advancements in decentralized finance (DeFi), particularly through innovative mechanisms that enhance token holder engagement,” she notes, citing Aave’s recent proposal to share revenue with AAVE token holders as a prime example of this trend.
On the flip side, Shannon suggests that the decline in meme coins and altcoins could be a sign of broader challenges in the altcoin market.
“The Melei controversy, pump.fun decline, and declining centralized and decentralized exchange volumes show altcoins could have a very hard time this year in my opinion,” he cautions.
As trading volumes continue to drop, Shannon forecasts that altcoins may continue to underperform.
“Even in a BTC bull run altcoins could underperform,” the analyst added.
The Road Ahead
Looking ahead to Q2 2025, both ElDeeb and Shannon anticipate continued market volatility. External macroeconomic conditions like US tariffs, interest rate decisions, and geopolitical factors will largely shape the market.
While ElDeeb maintains a generally optimistic view, predicting a recovery for both Bitcoin and Ethereum, Shannon advises caution, particularly with altcoins.
For investors, diversification remains key. ElDeeb emphasizes the value of Bitcoin’s fixed supply and decentralization, which have historically helped it recover from turbulent periods.
“We consider these market corrections as great market entry points,” she says.
Shannon, meanwhile, stressed the importance of caution in navigating the altcoin space. He added that Bitcoin could be the best bet for those seeking stability.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has entered into a memorandum of understanding (MoU) with Circle Internet Group to explore new product innovations using Circle’s USDC stablecoin and USYC tokenized money market fund.
The collaboration aims to leverage the capabilities of these digital assets to enhance ICE’s existing offerings across its various markets and services.
NYSE ICE and Circle To Develop New Solutions Using Stablecoin
The partnership between NYSE’s ICE and Circle is designed to integrate Circle’s stablecoin, USDC, and the tokenized money market fund, USYC, into ICE’s range of services, including derivatives exchanges and clearinghouses.
As cited by Lynn Martin, the president of the NYSE, the integration is to open great potential for wider adoption of Circle’s stablecoins across capital markets.
According to Martin, ”We think that our regulated stablecoins or tokenized digital currencies will be even more relevant to capital markets as the coins are expected to be accepted by fair and informed market players as another equivalent to USD.”
The two parties will seek to identify potential sectors where USDC and USYC are likely to be of relevance, which are aimed at promoting stability as well as efficiency in financial markets.
ICE’s Vision for Digital Currency Integration
To seek possible solutions that achieve tangible value addition to the company, ICE proposes examining how it might integrate Circle’s USDC and USYC into the organization’s workflow. As a player in the global financial markets, ICE offers technology and data solutions to many institutions.
By incorporating Circle’s digital assets, it will be able to perform a unique role of linking conventional financial structures and new digital currencies. USDC is a stablecoin developed by Circle, with each token having a value equivalent to that of one US dollar. It is fully supported by cash and cash equivalent securities and its redeemable at face value which makes it highly liquid.
BREAKING NEWS: Global exchange and capital markets giant Intercontinental Exchange (ICE) and Circle moved towards the integration of USDC into their markets products and infrastructure.
In a major development in the stablecoin market, today we announced an agreement with ICE, to…
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) March 27, 2025
With over $60 billion in circulation, USDC ranks among the largest stablecoins as of 2025 in March.The stablecoin is mainly used in the cryptocurrency market although it has extended its applicability to payment systems and cross border transactions.At the same time, Circle has listed its USDC stablecoin in Japan.This comes after one of Circle’s local partner was recently approved to list the digital currency after it got the green light from the regulators.
Exploring USYC as a Tokenized Money Market Solution
In conjunction with USDC, both ICE and Circle are expected to consider employing USYC, a money market fund tokenized. USYC is supposed to be a stable and efficient instrument for investing in short-term debt securities and its liquidity is as close to money market funds.
It is created by Hashnote, a company that was bought by Circle. As for now, Circle pursues the money market funds tokenization to make its shares more accessible, transparent, and efficient for investors interested in short-term loans without having a full-fledged business model.
Other potential uses of the USYC include the implementation of the system in ICE clearinghouses and other financials. This could provide additional approaches to addressing the issue of liquidity while also embracing blockchain capabilities for enhancing operations.
As the regulatory landscape surrounding cryptocurrencies continues to evolve, the partnership between ICE and Circle signals a broader trend of traditional financial institutions adopting digital assets. Since all governments, including that of the United States, are developing legislation on stablecoins, the application and implementation of digital assets are likely to rise.
USDC is one of the most popular stablecoins in the world and its further perspective to become a reliable means of carrying out operations on financial markets is gradually developing. This collaboration may serve as a crucial point in the evolution of the digital currencies in the traditional finance as it enables the latter to create products that would correspond to the existing industry standards.
Both businesses are confident that their cooperation will help in enhancing the use of digital currencies and stablecoins in the global financial market. Given that many financial giants like Fidelity Investments and CME Group are also experimenting with tokenization and stablecoin solutions, it can be seen that mainstream adoption of digital assets is a growing trend.
A renowned crypto market expert sent shockwaves across the broader sector this Thursday by projecting a highly bullish outlook for XRP price. Analyst Dark Defender has forecasted that an $8 price target for the crypto looms right over the horizon. In the wake of XRP ETF and Ripple IPO odds gaining substantial weight, traders and investors are highly optimistic that this bullish prediction will be accurate.
Market Expert Predicts XRP Price To $8 Despite Turbulence
XRP price is currently trading at the $2.35 level, down nearly 4% in the past 24 hours. The American blockchain payment company’s crypto bottomed at $2.33 intraday. Notably, the weekly chart for the coin further shows a nearly 6% dip in value. However, despite the broader waning action, market experts believe price can rally ahead.
According to analyst Dark Defender’s X post on March 27, Ripple’s coin is targeting $5.85 and $8.076 shortly ahead. The analyst cites these bullish targets based on price analysis of a 3-month time frame chart.
Taking into consideration January, February, and March, the analyst highlights that a 3-month candle will close by this month’s end. “When you zoom out, you can see a clear bullish momentum” for the coin, the analyst added based on his analysis.
Source: Dark Defender, X
For context, while larger time frames (like 3-month charts) are often used to assess the overall trend, smaller ones are used for short-term trading. In conclusion, after a broader time frame analysis by Dark Defender, the analyst strongly believes that XRP price target for the 3rd wave remains ultimately at $8.
Can $8 Prediction Come True? Ripple IPO & XRP ETF Odds Spark Optimism
Simultaneously, broader market advancements for the Ripple community have added to hopes of a looming bull run. In a riveting turn of events, following the SEC lawsuit settlement, market participants are now eyeing a Ripple IPO (Initial Public Offering). CoinGape reported that although there have been no official announcements yet, experts believe such a feat will happen in the next 12 to 18 months.
While this mover could fuel a remarkable bull run for XRP price, soaring Ripple ETF odds have added further optimism. Recent Polymarket data indicated that there is an 85% chance of an ETF approval by this year (2025).
In turn, bullish market sentiments surrounding the crypto continue to rise. Also, it’s worth mentioning that the RLUSD stablecoin-fueled hype has injected further optimism for future movements.
XRP Derivatives Market Overview
Meanwhile, Coinglass data indicated that XRP futures OI rose from the $2 billion level and closed in on $4 billion since March 12 to date. This data indicated renewed market interest in the crypto amid broader advancements.
Source: Coinglass
Simultaneously, the coin’s derivatives volume was also up 24% today, reaching $5.35 billion. Overall, market watchers remain highly bullish on the crypto’s long-term prospects due to the broader dynamics.
Crypto Market:- JuCoin Exchange, the 2013-founded and among the industry’s longest operating exchanges, has made its entry into the Taiwanese market after the country released new crypto regulations on March 25.
With this move, it is entering the market that has already established players operating as crypto exchanges such as eToro, BitoPoro, MaiCoinGroup, MAX Exchange among others.
Though it has not immediately started offering its services in the crypto market of Taiwan, JuCoin has initiated the process by applying for mandatory regulatory licenses.
Further, it has also announced launching the “Taiwan Web3 Accelerator” program of 200 million TWD if its users base in the country exceed the number of 100,000.
What are the Benefits for the crypto market of Taiwan?
As JuCoin prepares to enter Taiwan’s crypto market, users can anticipate access to a comprehensive suite of services such as its advanced trading platform which supports a wide range of cryptocurrencies, enabling users to diversify their portfolios effectively. The users will also get access to its Launchpad function which can help in assisting emerging crypto projects with their token launches.
Notably, it also plans to introduce JuOne, a Web3 AI-powered cryptocurrency smartphone that integrates top Web3 features, AI-driven intelligence, and a 5G IoT network.
Enhancing its presence in the crypto market, it is also developing its JuChain, an independent and permissionless public blockchain that facilitates the creation of decentralized applications (dApps) and the issuance of assets, including fungible tokens (FTs) and non-fungible tokens (NFTs).
JuCoin Announces Taiwan Market Entry: Leading Web3’s Future Through Compliance and Ecosystem Building
On March 25, Taiwan emerged as a benchmark for crypto regulation in the Asia-Pacific region. The Financial Supervisory Commission (FSC) of Taiwan released a draft of new… pic.twitter.com/hwSjnrv8kC
JuCoin Exchange is entering the crypto market of Taiwan only a day after Taiwan’s Financial Supervisory Commission (FSC) released the VASA Act Draft on March 25 for regulating the operations of Virtual Asset Service Act (VASA) providers and the country’s cryptocurrency industry.
The proposed framework seeks to establish clear guidelines for Virtual Asset Service Providers (VASPs), enhancing investor protection and ensuring compliance with anti-money laundering (AML) regulations.
Key aspects of the draft include mandatory registration for VASPs, requiring all crypto exchanges operating in Taiwan to obtain a license. The FSC also introduces segregation of customer funds, ensuring that user assets are stored separately from company funds to prevent mismanagement. Additionally, foreign crypto firms must register locally to serve Taiwanese users, reinforcing government oversight.
Notably, between Q3 2021 and Q3 2022, crypto market of Taiwan experienced a 43% increase in cryptocurrency ownership, with a significant upward trend in adoption.
And now these new legislation enforces strict AML measures, requiring platforms to comply with Know Your Customer (KYC) policies and report suspicious transactions. Furthermore, the FSC seeks to ban unregistered platforms from operating within the country, ensuring a more secure trading environment.
What’s Next? Building the Taiwanese version of ‘Web3 Silicon Valley’
Apart from marking its entry in the crypto market, JuCoin has also announced its future plans for the evolving crypto landscape in the country by aspiring to build a Taiwanese version of ‘Web3 Silicon Valley’.
The company has pledged investing 200 million TWD to empower the Taiwanese community which will fund its to-be launched “Taiwan Web3 Accelerator” initiative.
The Developer Support Fund will provide up to $500,000 in seed investments to support local AI, DePIN, and RWA projects, with priority listings on JuCoin Launchpad. This funding basically aims to accelerate blockchain innovation and encourage local startups to develop cutting-edge solutions.
In collaboration with National Taiwan University and the Blockchain Association, JuCoin will also be establishing the “Web3 Talent Training Camp” to train 500 compliance and technical professionals annually.
Thus, with another new player entering the crypto market of Taiwan, we can expect more advancements and adoption as the new regulation also takes shape.
Dogecoin price has tanked this year, coinciding with the recent crypto sell-off. This crash has erased billions of dollars in value. Still, one crypto analyst believes that it is just a matter of time until the DOGE price recovers, and potentially hits the psychological point at $1.
Crypto Pro Predicts Dogecoin Price Will Hit $1
A popular crypto expert has come out with a bullish DOGE price predictioneven as it deviates further from its 2024 highs. The analyst used a weekly chart to identify chart patterns he believes will drive the upcoming bull run.
As shown below, he noted that the Dogecoin price has been forming a falling wedge pattern on the weekly chart. The upper side of this wedge links the highest swings since December, while its lower side connects the lower lows since Dec. 19. This pattern often leads to a strong bullish breakout when the two lines are nearing their confluence level.
The analyst also pointed out that DOGE formed a similar pattern between March and November last year, culminating in a strong bull run to a high of $0.45.
Dogecoin Price Forecast
In this case, Dogecoin has formed a falling wedge and retested the important support at $0.2280, the highest swing in March last year. A break and retest pattern signals a potential continuation.
The pro now expects that the coin will initially jump to $0.50. After that, he expects it to surge to $1. Such a move would be a 400% surge from the current level. It would also push its market cap to $140 billion.
A 400% surge is possible in the crypto market. For example, Dogecoin jumped by 720% from its 2023 lows to the highest swing in 2024. It can also jump by 285% to get to its all-time high of $0.7370. After that, it will need to soar by just 0.35% to hit $1.
The bullish DOGE outlook will be canceled if the coin crashes below the ascending trendline that links the lowest levels since June 2023.
Dogecoin Price Weekly Chart
Potential Catalysts to Push DOGE Price to $1
Dogecoin price has numerous catalysts that may push it to $1. First, the upcoming reciprocal tariffsmay sink the US into a recession, leading to Fed interventions like rate cuts and quantitative easing. These actions may lead to a new crypto bull run.
Second, Polymarket users believe that theSEC will approve a DOGE ETF. That’s because Dogecoin is similar to Bitcoin in that it is a proof-of-work coin that the SEC does not consider a security. Such an ETF will lead to more demand from Wall Street investors.
Further, Dogecoin may benefit from the creation of crypto reserves since it is a candidate for inclusion. Finally, DOGE is one of the top blue-chip meme coins, meaning that it may see traction as investors rotate from risky Solana meme coins.
Solana memecoin Bonk Inu has completed the purchase of the multichain art marketplace Exchange Art. While the purchase is a surprise for community members, speculators have their eyes peeled on a potential rally for BONK price.
Bonk Inu Completes Exchange Art Acquisition
According to a post on X, Solana-based project Bonk Inu has outrightly purchased Exchange Art. While the announcement did not disclose the figures surrounding the deal, Bonk Inu says it will preserve art on the Solana network.
The acquisition will see the phasing out of Exchange Art’s leadership and replacement with a brand-new team. Internationally exhibited artist JT Liss has been tapped to lead the operations at Exchange Art amid grand plans to improve Solana’s creator economy.
“Bonk has officially acquired the art marketplace Exchange Art,” read the announcement. “The goal? To preserve and elevate the culture around creating, collecting, and appreciating art on-chain.”
Bonk Inu co-founder TheOnlyNom disclosed that the top Solana memecoin will continue Exchange Art’s streak of promoting art in the ecosystem. The co-founder confirmed plans to integrate Exchange Art with the BONK Art Masters initiative.
“It’ll continue to expand the reach of artists creating works on the platform, improving the financial incentives for both creators and collectors,” said TheOnlyNom.
Price To Rally On The Back Of The Acquisition?
At the moment, the BONK price is largely uneventful following reports of Exchange Art Acquisition. It has fallen by 6% over the last 24 hours and currently trades at $0.00001361.
The meme coin indicates no signs of an upswing, with daily trading volumes down by 30% over the last day at $107 million. The dog-themed coin has lost 77% since hitting its previous all-time high, but community sentiment remains enthusiastic.
On the other hand, Solana (SOL) price is up 2% amid frenetic meme coin activity in its ecosystem. On the back of meme coin activity on the network, pundits say SOL can rally 96% to reach $270.
Despite the buzz around dog-themed tokens, Cathie Wood predicts that memecoins will lose value in the coming years.
Rule-Based and Customizable
