Monday, May 27, 2024 ▪
3
min reading ▪ acc
Between groundbreaking announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove itself to be a land of limitless innovation and a field of regulatory and economic battlegrounds. Here’s a roundup of the most notable news from the past week on Bitcoin, Ethereum, Binance and Solana, etc.
SEC Approved Ethereum ETF
The US Securities and Exchange Commission (SEC) recently approved several Ethereum ETFs, marking a significant step forward for the second largest cryptocurrency by market capitalization. The move involves financial giants such as BlackRock, Fidelity and Grayscale and could redefine how institutional investors approach digital assets. The approval of Forms 19b-4 is a milestone, although approval of Forms S-1 is still required before these ETFs can be marketed.
Trump accepts BTC, XRP and SHIB for his presidential campaign
Donald Trump has announced that his presidential campaign will now accept donations in Bitcoin (BTC), Ripple (XRP) and Shiba Inu (SHIB). The initiative allows supporters to contribute through the Coinbase exchange with donation amounts ranging from $20.42 to $4,547. The move stands in stark contrast to the current stance of the Biden administration and could affect the future of cryptocurrency regulation in the United States.
Bitcoin and Runes: Enthusiasm is waning
The launch of the runes, which took place on April 20, the day of the fourth bitcoin halving, generated spectacular initial excitement. Runes accounted for 57.7% of all Bitcoin transactions that day. However, a month later, the excitement faded and there was a sharp decline in activity and fees generated by Runes transactions.
Solana: Leader in DePIN thanks to Render and Helium
Solana continues to distinguish itself in the crypto ecosystem as a leader in the Decentralized Physical Infrastructure (DePIN) sector thanks to the successes of the Render Network and the Helium Network. These networks use decentralized infrastructures for a variety of applications, from artificial intelligence to data storage. Since switching to Solana, these projects have seen a significant increase in usage and participation.
Bitcoin Dethroned: Money Makes a Spectacular Comeback
Silver recently surpassed Bitcoin in market value, reaching $1.83 trillion compared to Bitcoin’s $1.31 trillion. This momentum has propelled silver to become the eighth most valuable asset, ahead of Bitcoin. This reversal is reminiscent of the volatility and unpredictability of financial markets.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I made a commitment to raise awareness and inform the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
