Cryptocurrency Market Plummets Amid Political Turmoil and Distrust

Major cryptocurrencies are experiencing significant losses amid market turmoil linked to President Trump’s trade policies, with the Official Trump meme coin down 10.8% and a 32% drop over the week. Bitcoin has fallen 17.7%, Ethereum 23.4%, and the meme coin sector is down 24.5%. The controversial LIBRA token launch has further fueled distrust in the crypto industry, leading to a broader decline across various tokens.

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Top Cryptocurrency Investments for High Capital Deployment in 2024

Market volatility presents lucrative opportunities for high-capital investments in cryptocurrencies. Top picks include high-growth coins like $JUV and $OM for short-term gains, while $BTC, $ETH, and $BNB are recommended for long-term stability. Emerging altcoins such as $ENA, $WLD, and $GMT show potential for significant growth in 2024. Diversification is essential to balance risk and reward.

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Holonym Foundation Acquires Gitcoin Passport to Enhance Digital Identity Solutions

Holonym Foundation has acquired Gitcoin Passport, rebranding it as Human Passport to create the largest proof of humanity network, surpassing Worldcoin. This integration will enhance privacy, prevent Sybil attacks, and establish a trusted on-chain identity system for over 2 million users, utilizing zero-knowledge technology for secure reputation management.

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Pantera Capital and Jump Crypto Back Palm-Scanning Blockchain Project Valued at 1.1 Billion

Pantera Capital and Jump Crypto have led a $20 million funding round for the Humanity Protocol, a decentralized identity project that uses palm scans for online account verification, achieving a valuation of $1.1 billion. Founder Terence Kwok emphasizes the protocol’s ability to confirm human identity without disclosing personal information, addressing issues like bots and online fraud. The funding will accelerate the development of their technology and expand their reach across various industries, with plans for a token launch underway.

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RCO Finance Emerges as Top Contender Among Altcoins to Watch

RCO Finance (RCOF) is emerging as a strong competitor in the altcoin market, with features like an AI-powered Robo Advisor and plans for debit cards linked to digital assets. Its presale has raised over $11 million, and experts predict a price surge to between $0.40 and $0.60 post-launch. Alongside TRON and Worldcoin, RCOF is positioned as a must-have altcoin, potentially outperforming Dogecoin in 2025.

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Trump Invests in OpenAI Amid Worldcoin’s Universal Basic Income Initiative

Trump has announced an investment in artificial intelligence from OpenAI, co-founded by Sam Altman. In response to job losses due to AI advancements, OpenAI launched Worldcoin, an ecosystem aimed at providing universal basic income through a unique digital identification system, ORB, which verifies human users via retina scans. Recipients can expect monthly payments of around R$50.00.

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Worldcoin Price Surge Linked to AI Investment Announcement by Trump

Worldcoin’s WLD tokens surged 12% on Wednesday, driven by President Trump’s announcement of a proposed $500 billion grant for an AI project led by OpenAI, which is loosely connected to Worldcoin. However, concerns arise as Elon Musk opposes the grant, questioning its feasibility and the government’s efficiency in funding a single private company.

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World Network Reaches 10 Million Verified Users Amid Regulatory Challenges

World, formerly known as Worldcoin, has verified 10 million users on its digital identity network, utilizing biometric data to establish proof of personhood amid concerns over AI’s impact on information reliability. However, the company faces significant legal challenges, with multiple countries, including Kenya and Spain, suspending operations due to privacy and security risks associated with biometric data collection. Critics argue that such digital ID schemes could threaten privacy and be misused by authoritarian regimes.

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Polyhedra Launches Zero-Knowledge Bootcamp for Blockchain and Cryptography Innovation

Polyhedra, in collaboration with the Ethereum Foundation and Worldcoin, is launching the Explore Expander Bootcamp on January 20, 2025. This immersive program will provide developers with hands-on training in zero-knowledge technology, featuring five specialized project tracks and mentorship from industry leaders, including Vitalik Buterin and Justin Drake. Participants will have the chance to secure grants from a $250,000 prize pool for exceptional projects.

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Polyhedra Launches Zero-Knowledge Bootcamp for Blockchain Innovation in 2025

Polyhedra, in collaboration with the Ethereum Foundation and Worldcoin, is launching the Explore Expander Bootcamp on January 20, 2025. This immersive program will provide developers with hands-on training in zero-knowledge proofs, featuring five specialized project tracks and mentorship from industry leaders, including Vitalik Buterin and Justin Drake. Participants will have the chance to secure grants from a $250,000 prize pool for exceptional projects.

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Cardano Could Surge 266 Percent According to Crypto Analyst Predictions

Crypto analyst Ali Martinez predicts that Cardano (ADA) could surge by 266% to $4 within weeks, following a similar pattern from the last cycle. Currently trading at $1.09, ADA has gained 13.5% in the last 24 hours. Martinez also highlights Bitcoin (BTC) at a critical juncture, emphasizing the need for a sustained close above the 50-day moving average to confirm bullish momentum. Meanwhile, bullish signals are emerging for Worldcoin (WLD) and Celestia (TIA), trading at $2.40 and $5.44, respectively.

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