News
The biggest cryptocurrency news from the past week
4.30pm ▪ 3 minute read ▪ by Luc Jose A.
Between groundbreaking announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove itself to be both a territory of limitless innovation and a battlefield of regulatory and economic battles. Here is a condensed summary of last week’s most significant news on Bitcoin, Ethereum, Binance and Solana, etc.
SEC-approved Ethereum ETFs
The United States Securities and Exchange Commission (SEC). has recently approved several Ethereum ETFs, marking a major advance for the second largest cryptocurrency by market capitalization. This decision affects financial giants such as BlackRock, Fidelity and Grayscale and could redefine institutional investors’ access to digital assets. The approval of the Forms 19b-4 represents a decisive step, although the Forms S-1 still require approval before these ETFs can be marketed.
Trump accepts BTC, XRP and SHIB for his presidential campaign
Donald Trump has announced 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 stands in stark contrast to the Biden administration’s current position and could affect the future of cryptocurrency regulation in the United States.
Bitcoin and Runes: The Enthusiasm Fades
The launch of the Runes, which took place on April 20th, the day of the fourth Bitcoin halving, aroused spectacular initial enthusiasm. Runes accounted for 57.7% of all Bitcoin transactions that day. However, a month later, the enthusiasm has wanedwith a significant decrease in activity and commissions 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 decentralized physical infrastructure (DePIN) 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 seen significant growth in usage and participation.
Bitcoin Dethroned: Silver Makes Spectacular Comeback
Silver recently surpassed Bitcoin in terms of market value, reaching $1.83 trillion compared to Bitcoin’s $1.31 trillion. This dynamic has pushed silver to eighth place among the most valuable assets, ahead of Bitcoin. This trend reversal highlights the volatility and unpredictability of financial markets.
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Luc Jose A.
Graduated in Science Po Tolosa and holder of a blockchain certification consultant issued by Alyra, I returned to participate in Cointribune in 2019. Capturing the potential of blockchain to transform numerous sectors of the economy, I have made a commitment to raise awareness and inform the great public about this constantly evolving ecosystem. My goal is to allow anyone to better understand blockchain and learn about the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to convey the latest technological innovations and to put into perspective the economic and social efforts of this revolution in brands.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.