Gate News Bot news, on November 28, according to CoinMarketCap, as of the time of writing, AIN (Infinity Ground) is currently priced at $0.10, with an 18.11% rise in the last 24 hours, reaching a high of $0.11 and a low of $0.08. The current market capitalization is approximately $25.1 million, an increase of $3.86 million compared to yesterday.
Recent important news about AIN:
1️⃣ Visa dominates the crypto card market, with a monthly transaction volume of $365 million
Visa dominates the cryptocurrency card issuance sector, with a monthly transaction volume of up to $365 million. Among 13 representative cryptocurrency card projects, as many as 10 are related to Visa. Three payment projects, Rain Card, RedotPay, and Etherfi Cash, are the main drivers of Visa's transaction volume growth, with a total transaction volume of $320 million. This reflects the rapid development of the cryptocurrency payment sector, which may have a positive impact on the application scenarios and liquidity of crypto assets like AIN.
2️⃣ The prediction market is thriving, and Rain Protocol has received a substantial acquisition
Nasdaq-listed company Enlivex announced that it will invest $212 million to acquire the native token of Rain Protocol. Rain is a prediction market protocol launched on the Arbitrum chain in 2023, with a market capitalization of $1.8 billion. The prediction market has developed rapidly recently, with trading volume exceeding $28 billion this year, and it is expected to reach $95.5 billion in ten years. This trend may drive attention to the entire crypto market, indirectly pushing up the prices of assets such as AIN.
3️⃣ Regulatory attitudes are tightening, and crypto prediction platforms face challenges
Regulatory agencies in various states of the United States are intensifying oversight of crypto prediction platforms, accusing some platforms of engaging in unlicensed gambling. However, Polymarket has recently received CFTC approval to return to the U.S. market, indicating that the regulatory environment remains uncertain. This regulatory stance may have a ripple effect on the entire cryptocurrency market, and prices of most crypto assets, including AIN, may be affected as well.
From a technical perspective, the significant pump of AIN in the last 24 hours may be related to the overall improvement in cryptocurrency market sentiment. However, investors still need to closely monitor market trends and potential regulatory changes, carefully assessing investment risks.
This message does not constitute investment advice, and investors should be aware of the risks of market volatility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CLARITY Draft Limits Stablecoin Yields, CRCL Stock Plunges 20% in a Single Day
Circle (CRCL) stock price plummeted nearly 20% following the introduction of the CLARITY Act draft, which proposes restrictions on stablecoin passive yields. The legislation aims to prevent stablecoin issuers from offering interest similar to bank deposits, which could impact Circle's profit model and market competitiveness. Analysts point out that the current decline may represent market overreaction, as USDC circulation continues to grow and the legislation remains in the negotiation phase with uncertain outcomes.
MarketWhisper12m ago
XRP Today's News: Swift Opens Pathway Through Ten Thousand Banks, Token Remains Under Pressure at $1.40
Swift will launch blockchain-based cross-border payment functionality with over 25 banks, integrating Ripple's XRP as a liquidity bridge asset. Despite regulatory barriers being removed, XRP's price continues to hover around $1.40, with institutional funds comprising only 16% of ETF holdings. Technical analysis shows this price level will impact future market trends, with the market remaining divided on XRP's valuation.
MarketWhisper19m ago
US Treasury Yields Rise, Iran Tensions Persist, Inflation Risks Press Bitcoin Prices
Bitcoin tests the $67,500 support level again, gold prices pull back significantly, and markets reduce risk assets due to concerns about Iran conflict and inflation impacts. U.S. Treasury yields rise, indicating investors shifting to cash amid economic uncertainty.
金色财经_1h ago
Bitunix Analyst: Energy Suppression and War Uncertainty Mismatch, BTC Maintains Liquidity Range Structure
Market activity is influenced by policy, with energy price volatility and Middle East risks coexisting, leading capital flows toward safe-haven assets. BTC exhibits liquidity-driven oscillatory movements, lacking conditions for trend continuation in the short term. We need to await a one-way breakout in either energy or liquidity.
BlockBeatNews1h ago
Altcoins' Appeal Fades! BlackRock: AI Compute-Native Currency Thesis Will Drive Next Bull Market
BlackRock's Head of Digital Assets, Robbie Mitchnick, stated that the cryptocurrency market is consolidating around a few mainstream tokens, mainly because many altcoins lack long-term value. He believes that the symbiotic relationship between AI and cryptocurrencies will drive future bull markets, especially as Bitcoin miners shift toward AI businesses, highlighting the potential synergy between the two.
MarketWhisper1h ago
TAO Up 94.9% Over the Past Month, Bittensor Completes Largest Decentralized LLM Pretraining in History
TAO price continues to rise, reaching new highs at $337.84, with a 24-hour gain of 13.6%. Well-known investor Jason Calacanis expressed bullish sentiment on TAO and invested in its ecosystem projects. Bittensor subnets completed important pre-training, demonstrating their practical application capabilities.
GateNews1h ago
