Bitcoin, Binance, Ethereum, Solana And Ripple: The Biggest Crypto News Of The Past Week

Amid revolutionary announcements, technological evolutions, and regulatory turmoil, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield of regulatory and economic challenges. Here is a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Microsoft Closes the Door on Bitcoin

During its annual meeting, Microsoft rejected a proposal from the think tank National Center for Public Policy Research (NCPPR) to invest between 1% and 5% of its profits in Bitcoin. The goal was to diversify the company’s assets and benefit from the growing momentum of cryptos. However, the board of directors, backed by the majority of shareholders, emphasized the extreme volatility of cryptocurrencies and the importance of maintaining a stable cash flow for operational needs. This prudent choice contrasts with companies like MicroStrategy, which are massively integrating Bitcoin into their balance sheets. This decision illustrates a broader debate between bold innovation and conservative asset management, reflecting a divide in the approach of large corporations towards cryptocurrencies.

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Ripple Gets the Green Light for Its Stablecoin RLUSD

Ripple has received approval from the New York Department of Financial Services (NYDFS) to launch its stablecoin RLUSD, designed for strict parity with the US dollar. Supported by solid reserves and deployed on the XRP Ledger and Ethereum networks, RLUSD marks a major milestone in Ripple’s strategy to compete with Tether and Circle. The company targets institutional adoption with market ambitions reaching $2 trillion by 2028. This development is part of an approach that combines innovation and regulatory compliance while positioning RLUSD as a strategic complement to XRP. This advancement could redefine the role of stablecoins in traditional finance and influence regulatory frameworks, thereby enhancing investor confidence.

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Bitcoin at $160,000 by 2025 According to Matrixport

Matrixport, in a recent report, predicts that Bitcoin will reach $160,000 by 2025, supported by factors such as the rise of Bitcoin ETFs and the growing interest of institutional investors. This scenario relies on a favorable macroeconomic environment characterized by an expansion of global liquidity and a search for alternatives to traditional assets in the face of inflation and geopolitical instabilities. The report emphasizes the importance of a prudent allocation, recommending 1.55% to benefit from Bitcoin’s volatility while limiting risks. Matrixport also envisions that this rise could push regulators to tighten their rules, marking a turning point for the adoption of cryptos in traditional financial markets.

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Solana Surpasses Ethereum in the Developer Battle

In 2024, Solana marked a turning point by attracting 7,625 new developers, surpassing Ethereum for the first time, which saw its number of active developers drop by 17% and stabilize at 6,244. With low fees and impressive transaction speed, Solana shows an 83% growth in its recruitments and thus strengthens its ecosystem. However, Ethereum remains the blockchain with the largest number of developers thanks to its Layer 2 solutions, such as Optimism and Arbitrum, representing 56% of its activity. Meanwhile, Asia is becoming the global center for blockchain talent, with India accounting for 17% of new developers, reflecting a redistribution of power in the crypto ecosystem.

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MicroStrategy Joins the Nasdaq-100 and Boosts Exposure to Bitcoin

MicroStrategy, known for its substantial Bitcoin holdings ($42 billion), joins the prestigious Nasdaq-100, increasing indirect exposure to Bitcoin for funds managing over $550 billion. ETFs tracking this index, including the Invesco QQQ Trust, will need to buy MSTR shares, increasing demand and valuating the company. Although this inclusion may attract millions of traditional investors to crypto via MicroStrategy, questions remain regarding its sustainability. Reclassified as a financial company due to its Bitcoin focus, MicroStrategy could be removed from the index in March 2025. This development nevertheless represents a significant advancement for the rapprochement between Bitcoin and institutional finance.

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Here’s the essential to remember for this week. But if you want a more detailed summary and in-depth analyses directly in your inbox, feel free to subscribe to our weekly newsletter.