DOGE: when Musk and Armstrong play the state surgeons, with fiscal scalpel and crypto syringe!
Amid revolutionary announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground of regulatory and economic conflicts. Here is a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
The idea of placing Bitcoin at the heart of American strategic reserves could disrupt global financial paradigms. This is the bold proposal of Senator Cynthia Lummis, a staunch supporter of cryptocurrencies, who suggests transforming a portion of the United States' vast gold reserves into Bitcoin. Such a debate, far from being trivial, is unfolding in a context of astronomical debts and rapid inflation, placing digital innovation in competition with traditional systems.
Robert F. Kennedy Jr., former independent candidate for the American presidency, recently confirmed he has placed "the majority of his fortune" into Bitcoin, illustrating his lasting confidence in the queen of cryptos.
Ripple plays political dominos: a hint of Trump, a splash of scandal, and XRP does flips.
The blockchain oracle giant Chainlink has unveiled a major innovation: the "Chainlink Runtime Environment," a revolutionary framework aimed at creating a unified gateway between traditional finance and the blockchain universe. This technological advancement promises to radically transform the interaction between legacy banking systems and smart contracts.
In a rapidly changing multipolar world, the strategies of major powers shape economic and political balances. Analyst Boris Mezhuyev, during a debate in Moscow, revealed a potential axis of Donald Trump's future foreign policy: directly targeting the BRICS. This strategic repositioning could profoundly redefine global alliances and impact key sectors, including finance and cryptocurrencies.
As financial markets ponder the future of cryptocurrencies, Cathie Wood, the renowned CEO of Ark Invest, reaffirmed her bold bet on Bitcoin. According to her, the leading cryptocurrency could see a surge of 600% to reach $650,000 by 2030. These projections, based on economic dynamics and regulatory advancements, are triggering growing interest among both institutional and individual investors.
In a climate of rising nervousness, European stock markets closed the week sharply down, following the trend initiated by Wall Street. The markets, facing increased uncertainties regarding monetary policies and divergent economic indicators, seem to struggle to regain positive momentum. This situation, exacerbated by the statements of several central bankers, raises questions about future economic trajectories in both Europe and the United States.
When AI and crypto come together, it swings! Autonomous agents create millionaires and disrupt decentralized finance.
As Bitcoin has just reached an all-time high above $93,000, on-chain data reveals a massive wave of profit-taking, primarily led by long-term investors. Over $5 billion in gains have been crystallized in just a few days.
Ethereum ETFs have reached a new historical milestone with a weekly trading volume of $1.63 billion, representing a spectacular 44% increase compared to the previous week. This exceptional performance comes four months after their launch, eerily reminiscent of the trajectory observed with Bitcoin ETFs.
The race for crypto ETFs is taking a decisive turn. While the United States struggles to approve funds other than those related to Bitcoin and Ether, cautious optimism now surrounds Solana. According to Matthew Sigel, head of crypto research at VanEck, the chances of approval for a Solana ETF before the end of 2025 are "significant." This issue goes beyond the technical framework, as it illustrates a potential change in regulatory attitude, driven by recent political upheavals and increasing market dynamics.
SHIB is on a roller coaster! Millions liquidated, dazed traders: welcome to the unpredictable circus of crypto.
For years, the crypto sector has accustomed us to rapid changes, but 2024 marks an unprecedented shift with the extraordinary rise of memecoins. Originally regarded as curiosities or digital jokes, these assets have now exploded onto the global financial scene, attracting a massive wave of investors. With a market capitalization that has surged by nearly 400%, memecoins are no longer mere cultural phenomena, but genuine economic forces in their own right.
In a constantly evolving crypto universe, the competition among top tier blockchains continues to intensify. Ethereum, the undisputed leader for years, is facing a rise of challengers more determined than ever. Among them, Cardano is identified as the most serious contender to dethrone Ethereum in a poll conducted by Altcoin Daily.
In a raid mode, Goldman Sachs piles up 718 million in Bitcoin ETFs. And to think that just yesterday, it was all talk!
As the world redefines its economic and political alliances, Turkey inserts itself at the heart of global dynamics. In search of increased influence on the international stage, Ankara is now moving closer to the BRICS, this bloc of emerging nations that is establishing itself as a strategic counterbalance to traditional Western powers. The recent Kazan summit was marked by the announcement of granting Turkey the status of "partner." This decision, filled with hopes for Ankara, opens up perspectives for cooperation but raises questions about the geopolitical and economic implications of this rapprochement.
Trump wants to lead the Fed, but Powell, stoic as a Swiss banker, refuses to relinquish the reins. Guaranteed economic duel!
The crypto market is undergoing a critical phase, with fluctuations between significant declines and unexpected rises. While Bitcoin and Ethereum continue their retreat, some cryptocurrencies like Ripple stand out with spectacular performances, fueling debates and speculation about the future of the sector. This climate of uncertainty, exacerbated by external pressures and increased volatility, calls for caution among investors.
Pennsylvania wants BTC to counter inflation: when the dollar is shaky, the states bet on crypto. Risky?
The crypto market has been on fire in recent days, with a spectacular 39% increase in XRP, now valued at $0.80. This dizzying rally is driven by speculation related to a potential shake-up at the head of the Securities and Exchange Commission (SEC). As rumors of its chairman, Gary Gensler's resignation surface, investors seem to anticipate a regulatory easing that could transform the crypto ecosystem.
The queen of cryptos continues its meteoric rise, now surpassing Saudi Aramco to become the seventh most valuable asset in the world. With a market capitalization of $1.81 trillion, Bitcoin is approaching the tech giant Google.
Gary Gensler, the current chairman of the SEC, has just thrown a stone into the pond as he hints at a possible departure. This announcement resonates like an earthquake in the crypto world. Indeed, his term has been marked by a strict and controversial approach to regulating these assets, with increased oversight and the application of sanctions against certain players in the sector. The announcement of this possible departure comes in a tense political context, as Donald Trump, currently re-elected, has expressed his firm intention to remove Gensler from office upon his return to the White House.
Elon Musk, a visionary entrepreneur and often provocative figure, has just brought unexpected attention back to Dogecoin, the famous meme crypto. A simple post on X was enough to rekindle the enthusiasm of DOGE supporters, illustrating once again Musk's influence in the crypto ecosystem. This tweet, both ironic and strange, echoes years of fascination and speculation about the relationship between Musk and Dogecoin. While some view him as a proponent of crypto, Musk has clarified his intentions, stating that he does not endorse any cryptocurrency, except in a humorous context. Nevertheless, his latest remarks further highlight his impact.
Trump and Gaetz, two Bitcoin cowboys. One invests in the White House, the other in Justice, ready to cheer up crypto America.
Phantom, a major wallet provider for the Solana ecosystem, is facing a technical crisis following a faulty update of its iOS application that has caused many users to be disconnected. An emergency fix has been deployed, but the situation remains concerning for those who have lost their recovery phrases.
The governor of the Bank of France lifted the anathema on Bitcoin during an interview on France Inter. A day to be marked in white stone.
With cryptos, there's no question of selling! Institutional players are playing the waiting game, hoping that the jackpot will come ringing.
The raid conducted by the FBI at the home of Shayne Coplan, CEO of Polymarket, marks a new stage in the complex relationship between American regulation and the world of decentralized markets. Occurring in a tense political context, this operation has sparked numerous reactions regarding the intentions of the U.S. government, particularly after the recent presidential election in which Polymarket played a controversial role with massive bets on the outcomes. This intervention goes beyond the investigation into Coplan and also points to broader issues surrounding the regulation of decentralized prediction platforms.