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
Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks
Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.
GateNews44m ago
Michael Saylor: Bitcoin may have already hit bottom, but quantum risks have been exaggerated
Strategy Executive Chairman Michael Saylor believes Bitcoin hit its bottom around $60,000 this February, because all forced sellers in the market have already exited. He said that the catalyst for the next bull market will be a bitcoin-based banking credit system, while he believes the threat from quantum computing is being exaggerated, and he pointed out that the technical community has enough time to deal with this threat.
MarketWhisper3h ago
Glassnode: Is the Bitcoin rebound just a dead cat bounce? Where is the key pressure level?
Glassnode reports that although the Bitcoin price rebounded to $72k due to a U.S.-Iran ceasefire, the market structure is still in a bear market. In the short term, the downside may be limited, but the $78k level faces pressure overhead. ETF capital inflows have ticked up slightly, but they have not yet fully returned; trading activity in derivatives remains sluggish, indicating insufficient market confidence. Going forward, we need to monitor changes in the futures trading and options markets.
ChainNewsAbmedia4h ago
Why is Bitcoin down today? The Iran–Israel ceasefire is on the verge of collapse, and the Strait of Hormuz shuts down again
Bitcoin has recently been trading below $72,000 and faces risks from the failure of the U.S.-Iran ceasefire talks and the Strait of Hormuz closing again, which has weighed on market sentiment. At the same time, Federal Reserve meeting minutes show that the likelihood of further rate hikes is rising, further affecting the valuation of risk assets. Bitcoin’s key resistance level is $75,000 and its support level is $68,000; the market is currently waiting for a clear direction confirmation signal.
MarketWhisper4h ago
The Crypto Fear and Greed Index drops to 14, and the market remains in extreme fear
Gate News message, April 9, according to Alternative data, today’s Crypto Fear and Greed Index is 14 (yesterday was 17), and the market remains in extreme fear. The index ranges from 0-100 and provides a composite assessment of six indicators: volatility (25%), market trading volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s share of the entire market (10%), and Google trending topic analysis (10%).
GateNews5h ago
Optimism over the Iran-U.S. ceasefire helped drive a broad rebound in U.S. stocks, and Bitcoin rose to a three-week high.
The United States and Iran reached a two-week ceasefire agreement, and global financial markets turned optimistic, with the S&P 500 rising 2.51%. U.S. crude oil prices fell to below $95 per barrel, easing concerns about an energy crisis. Bitcoin at one point rose 5% to $72,841, hitting a three-week high. Expectations that the Federal Reserve will cut interest rates have also increased.
ChainNewsAbmedia5h ago
