Category: crypto

The Federal Open Market Committee (FOMC) cut the US interest rate by 25 basis points to 4.5%. Bitcoin rose by 1% to $76,644.57, Ethereum increased by 7.4% to $2,888.21, and Solana grew by 4.6% nearing $200. Tokens related to real-world assets protocols saw an 11% growth. The US equities market also saw gains before the…

DEGEN faces challenges migrating to a new service provider, Conduit, due to operational issues. Conduit allegedly caused chain downtime leading to user fund loss and decreased volume. Conduit refuses to release essential rollup keys unless a new contract is signed, causing delays. DEGEN is considering legal action to protect its ecosystem.

Galaxy Digital, a Bitcoin mining firm, is considering a shift to AI due to competition and mining difficulty. They are in talks with a US data center to convert their facility for high-performance computing. Other mining companies are also exploring AI expansions. Despite a drop in Bitcoin production, Galaxy saw growth in revenue and net…

Detroit is making history as the largest US city to accept cryptocurrency for taxes and fees starting in mid-2025 via a secure PayPal platform. This move aims to promote digital innovation and financial inclusivity, enabling unbanked residents to pay easily. It also invites blockchain entrepreneurs to enhance city services.

President-Elect Donald Trump’s transition team is considering corporate attorneys and Republican regulators for key financial agency leadership roles, with Dan Gallagher and Paul Atkins as top candidates for Chair of the SEC. Trump plans to ease banking regulations, with potential nominees including Michelle Bowman and Travis Hill. Trump’s campaign received support from crypto interests.

According to Binance Research, decentralized applications (dApps) generated $164 million in revenue in October, with trading bots and decentralized exchanges driving blockchain adoption. The report highlighted that dApp interactions have increased, with Tron, Ethereum, and Solana leading in revenue. Trading-related dApps like Pump.fun and Photon were top revenue generators. The report also questioned if infrastructure…

Kraken’s legal team, led by attorney Michael O’Connor, criticized the SEC for attempting to dismiss their defenses in an ongoing legal battle. O’Connor condemned the SEC’s approach as an attempt to avoid discovery, arguing that their policies harm the economy. He expressed confidence that Kraken’s defenses would withstand scrutiny. The SEC filed a motion to…

The Ethereum Foundation has launched the Mekong Testnet for developers to test new features from the upcoming Pectra upgrade. It includes all Ethereum Improvement Proposals (EIPs) for Pectra, focusing on UX, staking, and deposit/withdrawal mechanisms. This testnet allows developers to experiment without affecting the mainnet or other testnets.

US Space Force Major Jason Lowery proposes a US Bitcoin National Defense policy, highlighting Bitcoin’s strategic importance for national defense beyond financial value. He calls for increased understanding and investment in Bitcoin’s Proof-of-Work mechanism for cybersecurity benefits. Lowery suggests building a US Hash Force to secure access to Bitcoin.

Staking could increase investments in US-traded Ethereum ETFs by reducing management fees and offering incentives for investors. Despite regulatory concerns, staking could make Ethereum ETFs more competitive with Bitcoin ETFs. Staking within ETFs could attract more investors, increase the total staked supply, and improve liquidity in the Ethereum network.