Crypto Market Booms: PepeNode's 'Mine-to-Earn', Nexchain's AI Blockchain & SEC's Institutional Boost
The crypto landscape has seen significant developments this week. PepeNode ($PEPENODE) has introduced a novel 'mine-to-earn' model, while Nexchain ($NEX) is positioning itself as the world's first fully AI-built Layer-1 blockchain. Meanwhile, the SEC has clarified its stance on crypto custodianship, potentially driving institutional investment into the stock market today.
PepeNode's innovative 'mine-to-earn' model allows token holders to build virtual server rooms, upgrade mining nodes, and climb community leaderboards for extra incentives. The project's presale has raised an impressive $1.55M, with tokens priced at $0.0010831. Staking offers an enticing 845% APY.
Nexchain, on the other hand, has raised over $10.61M in its presale, with tokens priced at $0.112. This represents a 168% upside before broader adoption. The project aims to fuse machine intelligence with decentralized infrastructure.
In a significant development, the SEC has issued a no-action letter clarifying its definition of 'bank'. This allows state trust companies like Ripple and Coinbase to qualify as 'custodians' under the Investment Advisers Act of 1940. This recognition strengthens the legal framework for institutions eyeing crypto, potentially driving liquidity into the broader stock market today. Assets must remain segregated from the custodian's own balance sheet to reduce counterparty risk.
Bitcoin Hyper ($HYPER), a Layer-2 project built directly on Bitcoin, has also made waves. Its presale raised over $19.5M, with tokens priced at $0.013015. Early buyers can stake with yields of around 60% APY. The project integrates the Solana Virtual Machine for sub-second transactions and near-zero fees.
These developments signal a maturing crypto market, with innovative projects and regulatory clarity driving growth. PepeNode's 'mine-to-earn' model and Nexchain's AI-built blockchain are exciting new offerings, while the SEC's clarification on crypto custodianship could pave the way for increased institutional investment in the stock market today.
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