What's Happening in Crypto Today? Daily Crypto News Digest

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Crypto Market Declines

The global cryptocurrency market capitalization currently stands at $3.42 trillion, reflecting a 1.5% decline over the past 24 hours.

Daily trading volume in the cryptocurrency market is approximately $177.54 billion at the time of writing, showing moderate activity across exchanges.

Among the top cryptocurrencies, Bitcoin (BTC) is trading at $93,931.42, marking a 0.6% daily increase and a marginal 0.1% rise over the past week.

Ethereum (ETH) is priced at $3,385.68, reflecting a slight 0.4% daily decline.

Other major assets like XRP (XRP) are trading at $2.07, showing a 0.8% gain in the last 24 hours but a 6.8% decline over the week.

Solana (SOL) is up 1.1% daily, priced at $193.73, while Binance Coin (BNB) saw a 1.2% daily increase, now trading at $703.95.

Dogecoin (DOGE) maintained stability, trading at $0.3184, with no notable change in the past day.

In the trending and top-gaining tokens, Kekius Maximus surged by an impressive 875.1%, while Saros and LIMITUS saw gains of 70.1% and 59.7%, respectively.

AI Agents: The Next Evolution in Industry

In crypto news today, the rise of AI agents is drawing comparisons to the advent of corporations in the 19th century, as they increasingly demonstrate their ability to operate autonomously in industries, including crypto.

Bitwise CEO Hunter Horsley highlighted this parallel, suggesting AI agents might follow a similar trajectory to corporations, which were once feared but have become integral to modern life.

“The more I think it perfectly parallels to the 19th century advent of the corporation: able to enter contracts itself, hire humans, own things, and outlive people,” Horsley wrote.

“Corporations were feared, and now number in the millions. We all work for them and they produce everything we use and consume.”

I think will be faster, and more extra-legal

— Hunter Horsley (@HHorsley) December 31, 2024

AI agents, capable of entering contracts, building Web3 applications, and interacting with humans, are rapidly gaining traction.

Crypto trader Alex Becker predicts 2025 will see a surge in “AI agent fever” across industries, as these technologies reshape the landscape.

2025 is going to be the year of AI agent/AI fever in all industries.

Bitcoin/ETH is going to charge leading to ABSURD overvaluations in AI crypto.

I can't understate this. Pack the fucking bags.

— Alex Becker (@ZssBecker) December 30, 2024

Franklin Templeton Predicts Global Bitcoin Reserve Adoption in 2025

Franklin Templeton, a leading spot Bitcoin exchange-traded fund (ETF) issuer, anticipates that more nations will adopt Bitcoin as a strategic reserve in 2025.

In its digital assets outlook published on December 30, the company highlighted its expectation that Bitcoin will strengthen its role as a global digital store of value, driven by increased institutional and sovereign adoption.

Bitcoin will solidify its position as a global financial asset acting as a digital store of value, accelerated by sovereign and institutional adoption. We expect to see strategic BTC reserves added by several nations

— Franklin Templeton Digital Assets (@FTDA_US) December 30, 2024

The report also predicts a significant shift in the cryptocurrency market, moving from speculative trading to utility-driven use cases in 2025.

Franklin Templeton emphasized that the foundational technologies underpinning crypto, such as blockchain, will become critical components of global financial systems.

Binance Labs to Rebrand in 2025 with CZ Leading

In other crypto news today, Binance Labs, the venture capital arm spun off from cryptocurrency exchange Binance, has announced plans to rebrand in 2025.

The rebranding aligns with its vision of operating as an independent entity, distancing itself from Binance following regulatory scrutiny.

At Binance Labs (soon to be rebranded), we're laser-focused on fundamentals, aiming for long-term impact. Going into 2025 and beyond, we'll continue to provide evergreen support to founders who share our vision of building for the long term.

As we conclude 2024, let's review the…

— Binance Labs Fund (@BinanceLabs) December 31, 2024

Former Binance founder Changpeng Zhao (CZ), who is permanently banned from holding a leadership role at the exchange, will lead the investment arm and dedicate his time to engaging directly with investment projects.

After serving a four-month prison sentence for violating the U.S. Bank Secrecy Act, CZ is shifting his focus to investments through Binance Labs.

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