Crypto market decline: Bitcoin, Ethereum, Solana, and XRP in decline. Is this the end of the bull run or just a correction?
The Solana Saga phones, initially ignored, are now the subject of frenzy in the crypto community. On eBay, some models are selling for up to 5 times the price of the latest Apple iPhones.
Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with boldness and creativity. In this weekly recap, we will delve into the most significant news of the past week, from El Salvador's pioneering Bitcoin bonds initiative to Donald Trump's controversial NFT collection, and the promising prospects of SEC approval for Bitcoin Spot ETFs. We will also examine the security incident at Ledger, the implications of BlackRock's entry into Bitcoin mining, and current trends surrounding Ethereum and Solana.
The founder of the crypto firm Cardano, Charles Hoskinson, is opposed to any crypto collaboration involving this blockchain and Ripple's XRP. In a recent media release, the CEO discussed the reasons underlying this position, which he does not seem willing to change.
The favorable signals for Bitcoin are accumulating in Russia lately. The Ministry of Finance wants a favorable legal framework.
While Bitcoin is often seen as a young person's game, Bitwise Asset Management is changing the landscape. With the imminent approval of a BTC spot ETF, Bitwise is launching a bold advertising campaign. Targeting a broader audience, including Generation X, this campaign aims to educate and expand the perception of Bitcoin as a viable investment option.
Ethereum and Bitcoin are facing an unprecedented storm. Transaction fees on these networks have reached stratospheric levels, propelling the industry into an era of exorbitant fees. This situation, triggered by the rise of EVM inscriptions and ordinals, is radically transforming the use and perception of the world's two leading cryptocurrencies.
It seems that everything is coming together for Bitcoin to have an explosive year in 2024. This week has been more significant than most others in terms of the state of the markets. Two major events happened simultaneously with the release of the latest inflation data and the December meeting of the Federal Reserve, which announced plans for a rate cut.
Fidelity, the second largest investment fund after Blackrock in the ETF race, sees bitcoin reaching 15 trillion dollars within seven years.
Ethereum, traditionally perceived as a pillar of reliability and innovation in the crypto universe, is facing a potential reputation crisis. Recent revelations by Lane Rettig, a former lead developer, have shaken the foundation of this perception. He claimed that over two-thirds of Ethereum tokens were acquired during a controversial pre-mining. These statements raise questions about the transparency and integrity of the Ethereum blockchain, prompting deep inquiries.