In terms of market, Crypto was flat this week. Bitcoin was range ($ 83,000 to $ 84,000). And Coindesk 20, which tracks about 80% of the market, remained around 2,600. Crypto prices are suffering from becoming more and more correlated with the wider financial markets that are down to customs concerns and reduced business earnings. Some even said the Bitcoin Bull market was over.
But markets, of course, only tell part of the Crypto story. Lots of things happened and much of it was positive for the future of the industry.
On the legislative front, the Washington agencies are ready for a historic “market structure” calculation in Congress, Jesse Hamilton reported. Paul Atkins, one who knows crypto intimately, is approaching confirmation as a SEC chairman, as it is OCC choice Jonathan Gould. Congress continues to be heard of a stableecoin bill as Tether continues to show his systemic significance (Kris Sandor reported). The EU officials face USD healing of stableecoins and are ready for plans for a digital euro or CBDC (Jamie Crawley).
Eric Trump joined the Metaplanet, Japan’s response to Michael Saylor’s Microstratey as the Trump family continues to bet on private and public on Crypto’s success.
Our journalists did some good depths on protocol projects. Oliver Knight lifted the lid on Cardano’s price increase after ADA’s (kind) inclusion in a suspected national cryptor reserve. Interestingly, this project does not measure success in the total value locked (tvl), an otherwise universal metric that prefers cases in the real world.
Danny Nelson looked at Pump.Fun’s ambitions to dominate Defi -Trade with Solana Defi (after its dominance of Solana’s Memecoin issue).
Meanwhile, Bitcoin miner workers feel clamping with lower hashrates and falling transaction fees that have deleted gains after the election, Tom Carreras reported.
Jamie Crawley explored the efforts of Bitcoin developers to introduce zero-knowledge evidence to that blockchain. (TLDR: It’s hard to block the blockchain’s soft fork with decentralization as good as Bitcoin’s).
Our Asia team continued to kill it, especially on market coverage. Resident Technical Analysis Wiz, Omkar Godbole, reported correctly about bold Ending QT and highlighted how Turkish Lira’s flash crash led to an increase in Bitcoin volume in this country.
Shaurya Malwa continued her strong reporting on XRP and wrote about Ripple chef Brad Garlinghouse’s comments on XRP’s chances of being added to the strategic reserve and about Ripple’s IPO plans. Malwa also reported on Raydium’s plan to start a pump.fun -rival.
Sam Reynolds, which is based in Hong Kong, covered North Dakota, who adopted a crypto -atm bill, as well as reporting how the man who stuck Haru Invest CEO could be subjected to over a decade in prison.
And finally, Trump Parikshit Mishra’s quick cover of Kraken, who buys ninjatrader for $ 1.5 billion, most of the competition.
It was one of the weeks when a lot happened under the hood. Prices can be on a plateau. But the industry continued to move on on lots of fronts.
