Mon 27 May 2024 ▪
3
min of reading ▪ by
Between revolutionary announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic battles. Here is a condensed summary of the most significant news from the past week around Bitcoin, Ethereum, Binance, and Solana, etc.
Ethereum ETFs Approved by the SEC
The United States Securities and Exchange Commission (SEC) recently approved several Ethereum ETFs, marking a major advancement for the second largest crypto by market capitalization. This decision concerns financial giants such as BlackRock, Fidelity, and Grayscale, and could redefine institutional investors’ access to digital assets. The approval of the 19b-4 forms is a decisive step, although the S-1 forms still need approval before these ETFs can be marketed.
Trump Accepts BTC, XRP, and SHIB for His Presidential Campaign
Donald Trump announced that his presidential campaign will now accept donations in Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB). This initiative allows supporters to contribute via the Coinbase exchange, with donation amounts ranging from $20.42 to $4,547. This decision strongly contrasts with the current Biden administration stance and could influence the future of crypto regulation in the United States.
Bitcoin and Runes: Enthusiasm Fades
The launch of the Runes, which occurred on April 20th, the day of the fourth Bitcoin halving, sparked spectacular initial enthusiasm. The Runes accounted for 57.7% of all Bitcoin transactions on that day. However, a month later, the enthusiasm has waned, with a significant decrease in activity and fees generated by Runes transactions.
Solana: Leader of DePIN Thanks to Render and Helium
Solana continues to stand out in the crypto ecosystem as a leader in the decentralized physical infrastructure (DePIN) sector thanks to the successes of Render Network and Helium Network. These networks leverage decentralized infrastructures for various applications, from artificial intelligence to data storage. Since their migration to Solana, these projects have experienced significant growth in terms of usage and participation.
Bitcoin Dethroned: Silver Makes a Spectacular Comeback
Silver has recently surpassed Bitcoin in market value, reaching $1.83 trillion compared to $1.31 trillion for Bitcoin. This dynamic has propelled silver to the eighth rank of the most valuable assets, ahead of Bitcoin. This turnaround highlights the volatility and unpredictability of financial markets.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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