On December 12th, CryptoOgs had the honor of attending Mempool Con DXB 2024, held at the iconic Museum of the Future in Dubai. This event marked a pivotal moment in Bitcoin’s journey, highlighting its evolution from a digital currency to a cultural and financial phenomenon.
Mempool Con: Ground Zero for Bitcoin’s Next Chapter
Mempool Con DXB brought together the brightest minds, innovators, and pioneers from the Bitcoin ecosystem. Hosted in Dubai—a city renowned for its progressive crypto regulations—the conference celebrated the cultural shift propelling Bitcoin into the forefront of both traditional and decentralized finance. Attendees witnessed groundbreaking innovations, from Bitcoin-based assets to digital artifacts, underscoring the limitless possibilities of decentralization.
CryptoOgs Podcast with SergeSats
As part of our coverage, CryptoOgs had the privilege of hosting an exclusive podcast with SergeSats, the co-founder of Mempool Ventures. In this insightful discussion, Serge delved into:
- The inspiration behind Mempool Con and its mission to unite Bitcoin’s community and culture.
- How innovations like Ordinals and Runes are redefining Bitcoin’s ecosystem.
- His vision for Bitcoin’s future as both a financial and cultural force.
Serge shared that Mempool Con was designed to foster collaboration and creativity within the Bitcoin space. By creating a platform where builders, OGs, and pioneers can connect, the event ignited ideas that could shape the next chapter of the Bitcoin narrative.
Why Mempool Con Matters
The event was more than a conference—it was a celebration of Bitcoin’s renaissance. It highlighted how Bitcoin is not just a store of value but a store of culture. With Dubai as the backdrop, the conference underscored the global embrace of Bitcoin and its potential to reshape economies.
From Bitcoin-based innovations to forging new connections, Mempool Con DXB 2024 was a testament to the unstoppable momentum of the Bitcoin revolution. CryptoOgs was proud to witness in this historic event.
Stay tuned for the full podcast episode with SergeSats, coming soon on CryptoOgs!
Market Overview
Weekly Crypto Market Summary:
- Bitcoin $BTC holds steady around $101,400 (-0.13%) after reaching recent all-time highs. Its dominance remains strong at 54.09%.
- Ethereum $ETH trades at $3,921, showing a slight decline of -0.45%.
- Mixed Altcoin Performance:
- $XRP leads the positive momentum with +1.21%, reaching $2.43.
- Solana $SOL drops by -4.8%, trading at $221.73.
- $TRX and $BNB also experience moderate declines.
- Memecoins and Web Culture:
- DogeCoin $DOGE dips -1.15%, trading at $0.40.
- Overall Trends: Moderate selling pressure dominates, but some assets, like XRP, show resilience.
News Highlights
Microsoft Shareholders Reject Bitcoin Proposal
During the annual meeting on December 10, Microsoft shareholders voted against a resolution to allocate 1-5% of company profits to purchase Bitcoin. The proposal aimed to diversify Microsoft’s balance sheet with BTC, but it failed to gain sufficient backing.
Grayscale Introduces Lido DAO & Optimism Trusts
Grayscale Investments has launched two new investment trusts: the Grayscale Lido DAO Trust and Grayscale Optimism Trust, providing institutional investors with exposure to $LDO and $OP governance tokens, expanding options in the DeFi space.
Binance Achieves $24B in User Deposits for 2024
Binance set a new record with $24 billion in user deposits this year, surpassing the combined inflows of ten major exchanges. The milestone solidifies Binance’s position as the top crypto platform globally.
Ripple’s RLUSD Stablecoin Approved by NYDFS
Ripple’s USD-backed stablecoin, $RLUSD, has been officially approved by the New York Department of Financial Services (NYDFS). The stablecoin will be integrated into Ripple’s cross-border payment platform, utilizing $XRP for liquidity.
USDT Approved as a Virtual Asset in Abu Dhabi
The Abu Dhabi Global Market (ADGM) has recognized Tether’s USDT as an Accepted Virtual Asset (AVA), enabling regulated financial services. The approval includes USDT on blockchains like Ethereum, Solana, and Avalanche, aligning with the UAE’s ambition to become a global digital finance hub.
