ARC (AI Rig Complex) 24-hour pump 37.45%

Gate News Bot news, on November 4th, according to CoinMarketCap, as of the time of writing, ARC (AI Rig Complex) is currently priced at 0.03 USD, with a 24-hour rise of 37.45%, reaching a high of 0.03 USD and a low of 0.01 USD. The current market capitalization is approximately 266,000 USD, an increase of 7.26 million USD compared to yesterday.

ARC is a project focused on the AI and Web3 fields. The project includes multiple components, such as Ryzome (a newly launched platform), Registry (registration center), Forge (forging platform), and Handshake (handshake protocol). ARC also offers a range of experimental projects, such as Emblem and the upcoming Ragtag. Detailed information about the project can be found on its official website (arc.fun), including the project manifesto, architecture, blog, and token economics.

Recent Important News about ARC:

1️⃣ Circle launches Arc blockchain testnet Circle recently deployed a payment-oriented Arc blockchain public testnet, attracting participation from over 100 financial institutions and technology companies, including BlackRock, Visa, HSBC, and Anthropic. The Arc blockchain offers USD-denominated fees, sub-second settlement, and optional privacy control features, designed to support financial services such as tokenized funds, cross-border payments, and foreign exchange settlements. This initiative comes against the backdrop of the ongoing expansion of the stablecoin market and is expected to drive the application of blockchain technology in traditional finance.

2️⃣ South Korea advances won stablecoin based on Arc blockchain South Korean digital asset infrastructure company BDACS announced plans to issue the Korean won stablecoin “KRW1” on Circle's Arc blockchain. BDACS has signed a memorandum of understanding with Circle to establish a collaborative mechanism and completed the trademark registration for “KRW1” in December 2023. This move indicates that the Arc blockchain is attracting the attention of international financial institutions and is expected to promote the application of stablecoins and blockchain technology on a global scale.

3️⃣ Financial institutions' acceptance of blockchain technology is increasing With the launch of the Circle Arc blockchain testnet and the participation of multiple financial institutions, the application of blockchain technology in the traditional financial sector is accelerating. Citigroup predicts that by 2030, the market capitalization of stablecoins could reach $4 trillion, while BCG and Ripple estimate that by 2033, the tokenized asset market size will approach $19 trillion. This trend may create more opportunities for projects focused on AI and blockchain technology like ARC.

As a blockchain project focused on the AI field, ARC may benefit from the overall development of the blockchain industry. However, investors should note that although ARC's price has recently risen, it remains to be seen how the project will specifically benefit from the industry's development.

This message is not intended as investment advice; investors should be aware of market volatility risks.