The crypto market has rebounded strongly after a brief dip in late November, with Bitcoin and Ethereum leading the way. Several new crypto launches, spot ETF applications, and DAO innovations have also made headlines in the past two days. Here are some of the most important crypto news and events that you should know about.

Bitcoin and Ethereum Surge to New Highs

Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, have both reached new all-time highs on December 7, 2023. Bitcoin broke above $42,000 for the first time ever, while Ethereum surpassed $1,800. The rally was driven by several factors, including:

• The anticipation of the first spot Bitcoin ETF approval by the SEC, which could open the door for more institutional and retail investors to enter the crypto space. Several asset managers, such as BlackRock and Bitwise, have updated their S-1 filings for spot Bitcoin ETFs with the SEC on Monday.
• The positive sentiment from the 2023 UN Climate Change Conference (COP28), where several blockchain and crypto projects showcased their solutions for green innovation. One of them was Envision Blockchain, which used Hedera Hashgraph’s technology to track carbon emissions and incentivize sustainable behavior.
• The increasing adoption of Bitcoin and Ethereum by mainstream companies and celebrities. For example, Twitter CEO Jack Dorsey announced that he will dedicate his time and resources to building a decentralized social media platform based on Bitcoin. Meanwhile, rapper Snoop Dogg revealed that he owns a collection of NFTs worth over $17 million, most of which are on the Ethereum network.

New Crypto Launches to Watch Out For

December 2023 is also a busy month for new crypto launches, as several projects are preparing to debut their tokens or platforms to the public. Some of the most promising ones are:

• ORDI: A decentralized oracle network that aims to provide reliable and tamper-proof data feeds for smart contracts. ORDI will launch its token sale on December 10, 2023, with a hard cap of $20 million.
• PEPE: A meme-based cryptocurrency that features the popular Pepe the Frog character. PEPE will launch its token sale on December 15, 2023, with a hard cap of $10 million. The project plans to use the funds to create a Pepe-themed metaverse and NFT marketplace.
• Bitcoin Cash: A hard fork of Bitcoin that focuses on low fees and fast transactions. Bitcoin Cash will undergo a network upgrade on December 20, 2023, which will introduce several improvements, such as a new difficulty adjustment algorithm, a new transaction signature scheme, and a new opcode for smart contracts.

DAOs: The Future of Crypto Governance

Another major trend that has emerged in the crypto space is the rise of decentralized autonomous organizations (DAOs), which are entities that operate without a central authority or hierarchy, and rely on the collective decision-making of their members. DAOs have become increasingly popular as a way to manage funds, assets, projects, and communities in a transparent and democratic way. Some of the most notable DAOs are:

• Osmosis: A decentralized exchange that allows users to create and trade custom liquidity pools on the Cosmos network. Osmosis is governed by a DAO that uses the OSMO token to vote on proposals and parameters.
• April: A decentralized protocol that enables users to create and join interest groups based on their preferences and passions. April is governed by a DAO that uses the APRIL token to vote on group creation, moderation, and funding.
• Stargate: A platform that allows users to create and launch their own DAOs with customizable features and templates. Stargate is governed by a DAO that uses the STAR token to vote on platform development, governance, and security.

Conclusion

The crypto market has shown remarkable resilience and innovation in the past two days, as Bitcoin and Ethereum reached new highs, new crypto launches attracted investors, and DAOs demonstrated the potential of decentralized governance. The crypto space is constantly evolving and expanding, and there is never a dull moment for crypto enthusiasts and investors. Stay tuned for more crypto news and updates from Time.

I hope you enjoyed this edition of the crypto news roundup, and that you learned something new and useful. If you did, please share this article with your friends and family, and subscribe to me for more updates and insights. Thank you for reading, and happy crypto!

📌Sources

1. December 2023 Crypto Market Forecast – Forbes Advisor.
2. Headlines | News | CoinMarketCap.
3. 16 New Crypto Launches to Invest in December 2023. CryptoNews.
4. Crypto News: Markets Rebound and DAOs - CoinDesk.

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