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$0.8514USD
+11.79%1D
The Core (CORE) price in is $0.8514 USD as of 08:03 (UTC) today.
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Market cap
Core price live chart (CORE/USD)
Last updated as of 2025-05-22 08:03:33(UTC+0)
Market cap:$852,943,330.86
Fully diluted market cap:$852,943,330.86
Volume (24h):$55,778,819.63
24h volume / market cap:6.53%
24h high:$0.8867
24h low:$0.7516
All-time high:$6.47
All-time low:$0.3433
Circulating supply:1,001,797,700 CORE
Total supply:
2,093,769,839.04CORE
Circulation rate:47.00%
Max supply:
2,100,000,000CORE
Price in BTC:0.{5}7663 BTC
Price in ETH:0.0003233 ETH
Price at BTC market cap:
Price at ETH market cap:
Contracts:--
Links:

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About Core (CORE)

What Is Core?

Core is a next-generation layer-one blockchain. The project employs a novel mechanism termed Satoshi Plus, developed to solve the blockchain trilemma, a technological challenge where a blockchain network can only achieve two out of three main features: security, scalability, and decentralization. Core’s innovative approach allows it to maintain optimal security and decentralization while achieving high scalability, making it a promising solution in the decentralized autonomous organizations (DAOs) and DeFi sectors.

Core’s mainnet, launched on January 14, 2023, has already processed millions of transactions, supporting smart contracts and a variety of decentralized apps (DApps). It aims to serve as the core of web3, integrating the best features of renowned blockchains like Bitcoin, Ethereum, Solana, and Polygon, and focusing on user-led governance, ensuring that the network is not structured around any single founder or developer, maintaining a high level of accessibility and decentralization. In April 2023, Core received a $50 million investment from Bitget - the world's leading centralized exchange.

Resources

Whitepaper: https://docs.coredao.org/core-white-paper-v1.0.5/

Official Website: https://www.coredao.org/

How Does Core Work?

Core operates on the patented Satoshi Plus consensus, a hybrid mechanism combining Proof of Work (PoW) and Delegated Proof of Stake (DPoS), allowing it to leverage the benefits of both Bitcoin's secure and Ethereum's scalable consensus mechanisms. This consensus ensures that each block added to the blockchain requires validation from a current CORE holder and computing power, creating a secure, reliable, and decentralized ledger.

Validators in the Core network are responsible for block production and transaction verification, and they are elected based on a combination of staked CORE tokens and hash power, ensuring a balanced and efficient mix of PoW and DPoS. This approach allows even small token holders to participate in network governance and transaction validation, enhancing the network's decentralization and scalability.

Core’s integration with Ethereum Virtual Machine (EVM) and 0x protocol ensures compatibility with Ethereum’s smart contracts and decentralized token exchange, respectively, providing users with flexibility, affordability, and accessibility. Core’s governance is managed by Core DAO, allowing community members to make proposals, vote on suggestions, and enact plans, ensuring a truly decentralized and user-led governance structure.

What Is CORE Token?

CORE is the native utility and governance token of the Core network, with a total supply of 2.1 billion tokens. It is used for paying transaction fees, staking in the Core network, and participating in the governance process of Core DAO. The token distribution is planned, focusing on fair distribution among users, contributors, node mining, reserves, treasury, and relayer rewards, avoiding centralization and ensuring wide community participation.

Core also implements a token burning model, similar to Ethereum’s, where a portion of the block rewards and transaction fees are burned, adding value to the token. The CORE token is available for trading on major crypto exchanges, allowing users to easily participate in the Core DAO ecosystem and benefit from its innovative technology.

Core's Impact on Finance

Core’s unique approach to solving the blockchain trilemma positions it as a significant player in the DeFi and blockchain sectors. Its user-led governance and innovative consensus mechanism can potentially set new standards in security, decentralization, and scalability, attracting attention from DeFi advocates and developers.

Core’s partnership with Bitget, one of the largest centralized exchanges, which involves a $50 million investment in Core DAO’s Ecosystem Fund, underscores its potential to bring decentralization to the masses and support the development of early-stage projects in the blockchain space. This collaboration aims to foster innovation, provide financial aid to potential projects, and support the listing of projects in the CORE ecosystem, allowing millions to participate in and benefit from Core DAO’s revolutionary technology.

What Determines Core's Price?

The price of Core, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. Core's unique approach to blockchain technology, combining Proof of Work and Delegated Proof of Stake through its Satoshi Plus consensus, positions it as a notable entity in the cryptocurrency news, potentially impacting its price. The cryptocurrency price is often subject to market trends, regulatory developments, and the overall sentiment in the cryptocurrency community. Core's partnerships, technological advancements, and adoption rate, especially its collaboration with Bitget, a leading exchange, play a crucial role in its market valuation, making it a focal point for cryptocurrency analysis and discussions among cryptocurrency enthusiasts and experts.

Cryptocurrency price predictions for Core are inherently speculative, given the crypto market's volatility, and should be approached with caution. Investors looking to buy cryptocurrency, particularly Core, should consider various factors, including cryptocurrency security, risks, and the project’s long-term viability. Core’s price is also influenced by its tokenomics, including its supply and demand dynamics, token burning model, and distribution strategy, which are critical aspects in cryptocurrency charts and analysis. The availability of CORE on leading exchanges such as Bitget provides accessibility to a wider range of investors, potentially driving its demand and price.

For those pondering where to buy cryptocurrency like Core and whether it is a good investment, conducting thorough research, staying abreast with cryptocurrency news, and considering advice from cryptocurrency experts are paramount. Core’s innovative solutions to blockchain trilemma and its commitment to decentralization and security make it a noteworthy contender in the crypto space, potentially being the best crypto investment for 2023 and beyond. However, potential investors should employ sound cryptocurrency trading strategies, consider cryptocurrency tax implications, and manage their crypto portfolio effectively to navigate the complexities and volatilities of the cryptocurrency market.

Related Articles about Core

Bitget Makes a Salute to Satoshi’s Ideology Through $50M Commitment in Core DAO Ecosystem Fund

AI analysis report on Core

Today's crypto market highlightsView report
Today's Core price performance summaryView report
Core project analysis reportView report

Live Core Price Today in USD

The live Core price today is $0.8514 USD, with a current market cap of $852.94M. The Core price is up by 11.79% in the last 24 hours, and the 24-hour trading volume is $55.78M. The CORE/USD (Core to USD) conversion rate is updated in real time.
How much is 1 Core worth in ?
As of now, the Core (CORE) price in is valued at $0.8514 USD. You can buy 1CORE for $0.8514 now, you can buy 11.745185004391898 CORE for $10 now. In the last 24 hours, the highest CORE to USD price is $0.8867 USD, and the lowest CORE to USD price is $0.7516 USD.

Core Price History (USD)

The price of Core is -52.60% over the last year. The highest price of CORE in USD in the last year was $2.52 and the lowest price of CORE in USD in the last year was $0.3508.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+11.79%$0.7516$0.8867
7d+8.82%$0.7495$0.8867
30d+30.10%$0.6405$0.8867
90d+62.25%$0.3508$0.8867
1y-52.60%$0.3508$2.52
All-time-82.22%$0.3433(2023-11-03, 1 years ago )$6.47(2023-02-08, 2 years ago )
Core price historical data (all time).

What is the highest price of Core?

The all-time high (ATH) price of Core in USD was $6.47, recorded on 2023-02-08. Compared to the Core ATH, the current price of Core is down by 86.84%.

What is the lowest price of Core?

The all-time low (ATL) price of Core in USD was $0.3433, recorded on 2023-11-03. Compared to the Core ATL, the current price of Core is up by 148.04%.

Core Price Prediction

When is a good time to buy CORE? Should I buy or sell CORE now?

When deciding whether to buy or sell CORE, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget CORE technical analysis can provide you with a reference for trading.
According to the CORE 4h technical analysis, the trading signal is Strong buy.
According to the CORE 1d technical analysis, the trading signal is Strong buy.
According to the CORE 1w technical analysis, the trading signal is Buy.

What will the price of CORE be in 2026?

Based on CORE's historical price performance prediction model, the price of CORE is projected to reach $0.9236 in 2026.

What will the price of CORE be in 2031?

In 2031, the CORE price is expected to change by +3.00%. By the end of 2031, the CORE price is projected to reach $1.81, with a cumulative ROI of +113.29%.

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FAQ

Is Core DAO (CORE) a good investment?

ORE token is the native cryptocurrency of the Core DAO blockchain, which is designed as a foundation for the decentralized internet, Web 3.0. The Core DAO blockchain employs a unique consensus mechanism named "Satoshi Plus," combining features from both Proof of Work (PoW) and Delegated Proof of Stake (DPoS). This mechanism aims to ensure the blockchain's security, scalability, and decentralization. Furthermore, the blockchain is Turing-complete, compatible with the Ethereum Virtual Machine (EVM), and leverages the Bitcoin mining hashrate. The CORE token has shown significant price movement and interest on social media since its launch, and it’s listed on various reputable exchanges. However, determining whether it is a good investment involves a thorough analysis of various factors, including market trends, project development, regulatory environment, and individual risk tolerance.

What factors influence CORE token price?

Several factors can influence the CORE token price: The new consensus mechanism, Satoshi Plus, which is designed to ensure security, scalability, and decentralization. The supply of Core tokens is limited with a hard cap of 2.1 billion. A certain percentage of block rewards and transaction fees are burned, similar to Ethereum's "Ultra Sound Money" model, which can potentially influence the token's scarcity and value. The exact percentage to be burned is determined by the DAO, introducing a governance factor. The distribution of block rewards over an 81-year period might play a role in influencing its demand and supply dynamics, as this setup incentivizes network participants and compensates miners over an extended time frame.

What is use case of CORE token?

CORE tokens serve several functions: They play a role in the network's consensus mechanism by being a part of block rewards. They serve as compensation for miners. They are subject to burning as part of the network's economic model to maintain scarcity. They potentially have governance utility since the DAO determines specifics like the burning percentage.

How to Bridge to Core DAO?

Much like other blockchains, Core DAO features its own renowned swap platform where users can buy and sell tokens or projects launched on its chain—IceCreamSwap. IceCreamSwap stands as a reliable cross-chain DEX, fostering interoperability with the Core EVM blockchain. Renowned for its user-friendly interface and minimal fees for bridging to the network, it serves as a go-to platform for transactions on the CORE DAO chain. To get started on IceCreamSwap, follow these four straightforward steps: Connect Your Wallet: Navigate to IceCreamSwap and connect your MetaMask or another preferred wallet. Select Chains: Choose the chain you are bridging from (e.g., BNB Chain) and select Core DAO as your destination network. Choose Token and Amount: Select the token (e.g., USDC, USDT, or WETH) and the amount you wish to bridge. Specify Address and Send: Indicate the address to send the bridged tokens to (with an option to send to a different address), preview the transaction, and click 'Send.' The tokens will arrive in under 5 minutes. Once you've successfully bridged your tokens to the CORE DAO chain using IceCreamSwap, you can easily navigate to the swap section located in the left corner of the page to trade your favorite tokens/projects.

What are the fees to bridge to Core DAO?

The cost to bridge to Core DAO can fluctuate based on the originating network due to variations in gas and blockchain expenses that arise from the differing consensus mechanisms across blockchains. BNB Chain stands out as the most economical option for bridging, with the transfer of widely used tokens like USDC or USDT not exceeding $5. Moreover, the fees incurred during token swaps are generally low, and remarkably so when juxtaposed with those on other chains! At the current rate, where 1 Core is approximately 2 USD, one can execute dozens of transactions for just a few cents!

What makes Core DAO unique?

Some notable characteristics and functionalities of the CORE token include: Supply Cap: The CORE token has a hard cap of 2.1 billion, introducing scarcity to its economic model. Token Burning: A certain percentage of all block rewards and transaction fees are burned, a feature inspired by Ethereum's "Ultra Sound Money" model. The exact burning percentage is determined by the DAO. Block Rewards: The token has an 81-year block reward schedule to incentivize network participants and compensate miners. Trading: CORE token debuted with an initial price of $4.27 and experienced a significant price surge shortly after its launch. It is listed on several prominent exchanges, including Binance, OKX, MEXC, Huobi Global, and BitMart. Transfer and Airdrop: Holders and miners of CORE tokens can transfer them to supported cryptocurrency wallets, such as Metamask, and participate in airdrops. Its extremely long term outlook, as well as their dedicated focus on WEB - 3, makes this coin unique in its vision compared to other tokens that have similar features

What is the current price of Core?

The live price of Core is $0.85 per (CORE/USD) with a current market cap of $852,943,330.86 USD. Core's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Core's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Core?

Over the last 24 hours, the trading volume of Core is $55.78M.

What is the all-time high of Core?

The all-time high of Core is $6.47. This all-time high is highest price for Core since it was launched.

Can I buy Core on Bitget?

Yes, Core is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy core guide.

Can I get a steady income from investing in Core?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Core with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Core Market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • CORE/USDT
  • Spot
  • 0.8485
  • $5.74M
  • Trade
  • View the Core futures trading guide for more insights on Core futures and related data.

    Core Holdings

    Core holdings distribution matrix

  • Balance (CORE)
  • Addresses
  • % Addresses (Total)
  • Amount (CORE|USD)
  • % Coin (Total)
  • 0-0.01 CORE
  • 2.55K
  • 74.17%
  • 4.2 CORE
    $26.62K
  • 0.02%
  • 0.01-0.1 CORE
  • 603
  • 17.52%
  • 18.84 CORE
    $119.45K
  • 0.09%
  • 0.1-1 CORE
  • 197
  • 5.72%
  • 59.04 CORE
    $374.36K
  • 0.30%
  • 1-10 CORE
  • 70
  • 2.03%
  • 153.7 CORE
    $974.68K
  • 0.77%
  • 10-100 CORE
  • 15
  • 0.44%
  • 364.02 CORE
    $2.31M
  • 1.83%
  • 100-1000 CORE
  • 2
  • 0.06%
  • 765.91 CORE
    $4.86M
  • 3.85%
  • 1000-10000 CORE
  • 1
  • 0.03%
  • 8.51K CORE
    $53.94M
  • 42.80%
  • 10000-100000 CORE
  • 1
  • 0.03%
  • 10K CORE
    $63.42M
  • 50.32%
  • 100000-1000000 CORE
  • 0
  • 0.00%
  • 0 CORE
    $0
  • 0.00%
  • >1000000 CORE
  • 0
  • 0.00%
  • 0 CORE
    $0
  • 0.00%
  • Core holdings by concentration

    Whales
    Investors
    Retail

    Core addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
    loading

    Core Social Data

    In the last 24 hours, the social media sentiment score for Core was 4, and the social media sentiment towards Core price trend was Bullish. The overall Core social media score was 496, which ranks 144 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Core being mentioned with a frequency ratio of 0.01%, ranking 335 among all cryptocurrencies.

    In the last 24 hours, there were a total of 496 unique users discussing Core, with a total of Core mentions of 140. However, compared to the previous 24-hour period, the number of unique users decrease by 11%, and the total number of mentions has increase by 180%.

    On Twitter, there were a total of 2 tweets mentioning Core in the last 24 hours. Among them, 100% are bullish on Core, 0% are bearish on Core, and 0% are neutral on Core.

    On Reddit, there were 2 posts mentioning Core in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 50% .

    All social overview

    Average sentiment (24h)
    4
    Social media score (24h)
    496(#144)
    Social contributors (24h)
    496
    -11%
    Social media mentions (24h)
    140(#335)
    +180%
    Social media dominance (24h)
    0.01%
    X
    X posts (24h)
    2
    0%
    X sentiment (24h)
    Bullish
    100%
    Neutral
    0%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    0
    Reddit posts (24h)
    2
    -50%
    Reddit comments (24h)
    0
    0%

    How to buy Core(CORE)

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    Cryptocurrency investments, including buying Core online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Core, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Core purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

    CORE to USD converter

    CORE
    USD
    1 CORE = 0.8514 USD. The current price of converting 1 Core (CORE) to USD is 0.8514. Rate is for reference only. Updated just now.
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    CORE resources

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    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    Bitget Insights

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    Bitcoin Profit: Stunning 99% of Addresses Now in the Green as BTC Eyes ATH
    Imagine a market where almost everyone holding the main asset is sitting on gains. That’s the striking reality currently unfolding in the world of Bitcoin. As the pioneering cryptocurrency, Bitcoin (BTC), continues its powerful ascent and edges closer to breaching its previous all-time high (ATH), a remarkable statistic has emerged: a staggering 99% of all addresses holding BTC are now estimated to be in a state of Bitcoin profit. This data point, highlighted by the on-chain analytics platform Sentora (formerly known as IntoTheBlock) via a post on X, offers a profound look into the current market dynamics and investor sentiment. This widely cited metric comes from the fascinating field of on-chain data. Unlike traditional markets where ownership is often opaque, the Bitcoin blockchain is a public ledger. Every transaction, every address holding a balance, is recorded and verifiable (though the identity behind an address isn’t public). On-chain analytics firms like Sentora analyze this vast amount of data to derive meaningful insights. The ‘addresses in profit’ metric specifically looks at each individual Bitcoin address that holds a balance. For each address, the analytics platform estimates the average cost basis – essentially, the average price at which the BTC currently held in that address was acquired. This is often done by tracking the price of BTC when coins were moved *into* that address. If the current market price of Bitcoin is higher than the estimated average cost basis for an address, that address is considered to be ‘in profit’. Conversely, if the current price is lower, the address is ‘in loss’. So, when we see that 99% of addresses are in profit, it means that for the vast majority of Bitcoin holders, the current market price is above the price at which they acquired their coins. This is a powerful indicator of the overall health and strength of the current bull market phase. Understanding on-chain data is key to appreciating metrics like ‘addresses in profit’. The Bitcoin network records every transaction in blocks, forming a chain accessible to anyone. Analysts use sophisticated techniques to trace the movement of coins and estimate acquisition prices. Here are some core concepts involved: The ‘addresses in profit’ metric is a more granular view, looking at the profitability status of individual holding addresses rather than just spent coins or aggregate values. The fact that 99% are in profit, as reported by Sentora, leverages these underlying on-chain principles to provide a near real-time snapshot of the market’s financial state from the perspective of holders. The statistic that 99% of addresses are in Bitcoin profit is undeniably bullish, reflecting immense paper gains across the network. However, it also introduces a crucial dynamic: the potential for increased selling pressure. When assets are in profit, holders have a greater incentive to sell and realize those gains. As Bitcoin approaches and potentially surpasses its previous Bitcoin ATH, the temptation to sell will likely increase, especially for those who bought in previous cycles or during recent dips. Historically, periods of high profitability, particularly as the market approaches or enters price discovery above an ATH, can coincide with increased volatility. While a large percentage of addresses in profit signifies strong underlying value and investor conviction up to this point, it doesn’t guarantee a smooth ride upwards. The market becomes a battleground between: The sustainability of the rally depends on whether the demand from new buyers and the holding conviction of LTHs can outweigh the selling pressure from profit-takers. The 99% figure tells us the *potential* for selling exists across almost all addresses, but it doesn’t tell us how much Bitcoin those addresses hold or their willingness to sell. Looking at BTC price analysis through the lens of historical market cycles provides valuable context for the current situation. Bitcoin’s price movements are often characterized by boom-and-bust cycles, roughly correlating with the four-year halving event. Each cycle has seen Bitcoin reach new ATHs, followed by significant corrections. In previous bull markets, as Bitcoin approached or surpassed its prior peak, profitability across the network also soared. The 2017 bull run and the 2020-2021 bull run both saw periods where a very high percentage of addresses were in profit. Analyzing these periods using on-chain data reveals patterns in holder behavior: The current state, with 99% in profit and the price nearing the Bitcoin ATH, aligns perfectly with the ‘Approaching/Surpassing ATH’ phase described above. Historical BTC price analysis suggests that while a new ATH is often achieved in this phase, it is also a period where distribution (selling by profitable holders) becomes a significant factor. The strength of the current rally will be tested by how well the market can absorb this potential selling pressure. The fact that 99% of Bitcoin addresses are in profit has ripple effects throughout the broader crypto market trends. Bitcoin is the dominant force in the crypto ecosystem, and its price movements and holder sentiment heavily influence altcoins. When Bitcoin is performing strongly and holders are profitable, it typically signals a healthy market environment that can lift other cryptocurrencies. Here are some potential implications for crypto market trends: Monitoring crypto market trends requires paying close attention not just to Bitcoin’s price, but also to underlying metrics like profitability across the network. This 99% figure is a powerful signal that the market is in a state of widespread financial health for holders, setting the stage for potentially significant movements, both upwards and possibly volatile corrections. The proximity of the current price to the previous Bitcoin ATH, combined with the fact that 99% of addresses are in profit, strongly suggests that the market has significant momentum aimed at surpassing that peak. Reaching a new all-time high is a major psychological and technical milestone. It puts Bitcoin into ‘price discovery’ mode, where there is no overhead resistance from previous sellers who bought at higher prices. However, as discussed, the 99% profitability also means that a vast number of holders have the *option* to sell for a profit. The path to a new ATH is rarely a straight line. It will likely involve tests of resistance, potential pullbacks as profit is taken, and consolidation periods. Key factors supporting the push towards a new ATH include: The 99% profitability metric, when viewed alongside these other factors and through the lens of BTC price analysis, paints a picture of a market primed for a potential breakout above the previous ATH. It signifies that the vast majority of existing holders are ‘in the money’, creating a strong foundation of perceived wealth within the ecosystem. While challenges like potential selling pressure remain, the confluence of high profitability, strong demand drivers, and historical cycle patterns makes the prospect of a new Bitcoin ATH appear increasingly probable. For investors navigating the current market, the 99% profitability statistic offers several actionable insights: The 99% profitability figure is not just a headline number; it’s a reflection of the collective financial position of almost every Bitcoin holder. It underscores the magnitude of the current rally and sets the stage for the critical phase as Bitcoin challenges its previous peak. Using on-chain data and sound BTC price analysis will be essential in navigating the exciting, yet potentially volatile, period ahead for crypto market trends. The revelation that a stunning 99% of Bitcoin addresses are currently in profit, according to Sentora’s on-chain data, is a monumental statistic. It highlights the immense paper gains accumulated across the network during this powerful rally that has brought Bitcoin (BTC) to the doorstep of its previous all-time high. This widespread profitability is a testament to the strength of the current market cycle, fueled by factors like institutional adoption, anticipation of the halving, and renewed investor confidence. While the high percentage of addresses in profit creates the potential for increased selling pressure as holders look to realize gains, especially around the Bitcoin ATH, it also signifies a market with a strong foundation of profitable holders. Historical BTC price analysis suggests that challenging and surpassing previous peaks is a key phase in a bull run, often accompanied by volatility but also significant upward movement if demand remains robust. Ultimately, the 99% profitability figure is a powerful signal for crypto market trends. It indicates a market environment where optimism and financial health are widespread among holders, setting the stage for a potentially historic period as Bitcoin attempts to enter uncharted price territory. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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    Texas Bitcoin Investment: Historic Bill Advances State Crypto Reserve Plan
    Big news is brewing from the Lone Star State! The Texas legislature is making significant strides towards embracing digital assets, specifically Bitcoin. A bill that could authorize the state to directly invest in Bitcoin has successfully passed the Texas House. This development signals a potentially major shift in how states might manage reserves and explore new financial frontiers. For anyone watching the intersection of government finance and digital currencies, this move towards Texas Bitcoin investment is certainly one to keep an eye on. At its core, the legislation known as the Texas Strategic Bitcoin Reserve and Investment Act aims to give the state the legal authority to hold and invest in Bitcoin. This isn’t just about allowing individuals or businesses within Texas to use crypto; it’s about the state government itself potentially becoming a participant in the Bitcoin market. According to reports, including one from @BTCTN on X, the bill has cleared a major hurdle by passing the House. Think of state reserves like a savings account or investment portfolio for the government. These funds are typically invested in safe, stable assets like bonds or other traditional securities to ensure financial stability and potentially generate returns. The idea behind this Texas crypto bill is to explore the possibility of including Bitcoin within that portfolio. Key aspects often considered in such legislation, based on similar discussions globally, would likely include: While the precise details of the Texas bill’s current form await finalization and public release post-passage, the intent is clear: to open the door for state-level Bitcoin investment as a strategic financial move. Texas has long positioned itself as a hub for innovation and business-friendly policies. Its strong energy sector, independent spirit, and growing tech scene make it a natural fit for exploring new technologies like blockchain and cryptocurrency. Several factors likely contribute to the state’s interest in pursuing a State Bitcoin reserve: 1. Economic Diversification and Innovation: Investing in Bitcoin could be seen as a way to diversify state assets beyond traditional markets and signal Texas’s commitment to being at the forefront of the digital economy. This could attract more cryptocurrency businesses and talent to the state. 2. Potential Inflation Hedge: With concerns about inflation impacting traditional fiat currencies, some proponents view Bitcoin as a potential store of value or hedge against the devaluation of the dollar over the long term. A State Bitcoin reserve could serve this purpose. 3. Capitalizing on Bitcoin’s Growth Potential: Despite its volatility, Bitcoin has shown significant growth over its history. State investment could potentially yield substantial returns, adding to state coffers without increasing taxes. 4. Leveraging the Energy Sector Connection: Texas is a major energy producer. Bitcoin mining is an energy-intensive process. There’s a growing movement to use excess or otherwise wasted energy (like flared gas) for Bitcoin mining. State involvement in Bitcoin could potentially tie into strategies for stabilizing the energy grid or utilizing energy resources more efficiently. 5. Attracting the Crypto Industry: By embracing Bitcoin at the state level, Texas enhances its appeal to cryptocurrency companies looking for favorable regulatory environments and supportive infrastructure. This aligns with the state’s broader economic development goals. The push for Texas Bitcoin investment is multifaceted, driven by a mix of financial strategy, technological interest, and economic development ambitions. The concept of a Texas Strategic Bitcoin Reserve is perhaps the most intriguing part of this bill. What would such a reserve look like in practice? It wouldn’t likely replace the state’s entire treasury overnight, but rather represent a specific allocation within the state’s broader investment portfolio. Imagine a portion of state funds, perhaps earmarked from specific sources or set as a percentage limit, being converted into Bitcoin. This Bitcoin would then be held in secure digital wallets, likely managed by experienced financial professionals or a newly established state entity with expertise in digital assets. The ‘strategic’ aspect implies that the reserve wouldn’t just be passively held. It could potentially be used for: Creating a State Bitcoin reserve involves navigating significant technical and logistical challenges, particularly around security and custody. State funds would need the highest level of protection against hacks or loss of private keys. Here’s a simplified comparison of traditional state reserves vs. a potential Bitcoin reserve: The vision is bold and represents a significant departure from traditional state finance, highlighting the growing acceptance and potential role of Bitcoin investment in the public sector. Should the bill become law and Texas proceed with Bitcoin investment, the state could realize several benefits: These potential upsides explain the legislative drive and the enthusiasm from the crypto community regarding the Texas crypto bill. Of course, investing public funds in a volatile asset like Bitcoin is not without its challenges and risks. Lawmakers and state officials would need to carefully consider and mitigate these factors: Addressing these challenges through careful planning, clear policies, and transparent reporting would be crucial for the success and sustainability of a Texas Strategic Bitcoin Reserve. While direct state government investment in Bitcoin reserves is relatively new in the U.S., other states and jurisdictions have explored various forms of cryptocurrency engagement: The Texas crypto bill, specifically focusing on state treasury investment and a strategic reserve, represents a significant step beyond creating friendly regulations or city-level tokens. It places Texas among a small, but growing, group of governmental entities directly holding Bitcoin as a treasury asset. With the passage through the Texas House, the bill now moves to the final stage of the state legislative process: the governor’s desk. Governor Greg Abbott will have the ultimate decision on whether to sign the Texas Strategic Bitcoin Reserve and Investment Act into law, veto it, or allow it to become law without his signature. The governor’s stance on cryptocurrency has generally been perceived as positive, emphasizing innovation and attracting crypto businesses to the state. However, signing a bill authorizing direct state investment in a volatile asset like Bitcoin is a significant policy decision that will undoubtedly involve careful consideration of the potential benefits against the inherent risks. The coming weeks will be critical as the bill undergoes final review. The crypto community, financial analysts, and Texas residents will be watching closely to see if the Lone Star State takes this historic leap into direct State Bitcoin investment. For various stakeholders, the potential passage of this Texas crypto bill has several implications: The potential Texas Bitcoin investment represents a fascinating development in the evolution of digital assets and their integration into traditional financial systems. The passage of the Texas Strategic Bitcoin Reserve and Investment Act by the House marks a pivotal moment. While the bill still requires the governor’s signature, its progression highlights a growing legislative interest in integrating Bitcoin into state financial strategy. The potential establishment of a Texas Strategic Bitcoin Reserve could bring significant benefits, from economic diversification and attracting innovation to potential long-term investment returns. However, it also necessitates careful navigation of volatility, security, and regulatory challenges. Texas is already a key player in the energy sector and increasingly in Bitcoin mining. Adding state-level Bitcoin investment to the mix could solidify its position as a leader in the digital asset space. This Texas crypto bill is more than just a financial maneuver; it’s a statement about embracing future technologies and exploring new models for state finance in the 21st century. All eyes are now on the governor to see if Texas will officially take this historic step towards State Bitcoin investment. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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    Lido V3 white paper draft released, planned to be finalized by mid-summer this year Lido protocol developer pshe.eth published a post stating that the RFC draft of the Lido V3 white paper has been released. Lido contributors have been working on a new architectural direction for the protocol, centered around stVaults, an isolated staking position that decouples Ethereum’s staking methods (e.g., node operators, fees, risk preferences, Sidecar modules, etc.) from the liquidity layer. stVaults are expected to become a highly composable foundational component that can serve as a core cornerstone for creating strategies, protocols, and institutional staking products. The current draft covers a wide range of design aspects and is expected to continue to be optimized in the next few weeks, with the goal of finalizing the white paper by mid-summer this year.
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