In today’s briefing:
- Crypto Moves #54 – While Everyone Looks at Donald Trump, No One Considers the EU’s MiCA
- Exploring Base’s Role in the Growing Onchain Economy
Crypto Moves #54 – While Everyone Looks at Donald Trump, No One Considers the EU’s MiCA
- President-elect Donald Trump has become a prominent figure with the cryptocurrency market, primarily because of his ambitious vision to transform the United States into the “crypto capital of the planet.” This outlook is undoubtedly positive, as the United States holds the title of the largest capital market globally and wields significant influence on the international stage.
- However, many in the crypto market appear to overlook another highly encouraging regulatory development.
- This involves the European Union’s comprehensive Markets in Crypto-Assets (MiCA) regulatory framework, which will be fully implemented across EU member states on December 30th.
Exploring Base’s Role in the Growing Onchain Economy
- The onchain economy has experienced unprecedented growth in 2024, with a 70% increase in total value locked (TVL) across major networks, surpassing $70 billion.
- Key drivers include the adoption of stablecoins, Layer 2 solutions, gaming, collectibles, and institutional interest.
- Base, an Ethereum Layer 2 incubated by Coinbase, stands out with 1,600% growth in daily transactions and a 470% rise in TVL since January.
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