It was another week occupied in Coendesk, since the new Trump administration continued to implement a Pro-Crypto agenda and the industry laid the basis for growth in the new cycle.
Ripple was in the news center. Ondo Finance announced that he would offer tokenized treasures bonds in Ripple’s XRP accounting book, said Kris Sandor. San Francisco’s company also said that XRP Ledger would offer card characteristics, improving liquidity for Stablecoin Rlusd, with Ripple folders, Shaurya Malwa.
Meanwhile, the CEO Brad Garlinghouse pressed so that XRP will be included in any national cryptography reserve, which Bitcoiners rhythsed that they say the reservation should only be only from Bitcoin. Omkar Godbole had that news, along with several incisive market analysis (its daily update of Daybook is a must -read).
In other news of the protocol, Cardano launched a hard fork (“leads”), which allows decentralized governance. And Avalanche said that its December update resulted in a 75% drop in transaction costs for users, a great victory for that project. Meanwhile, Movement Labs announced a developernet before a highly anticipated L1 launch in February.
Stablecoins, the most negotiated form of cryptography, exceeded a market limit of $ 200 million. And Tether, a leader Stablcoin issuer, USDT, announced that he obtained $ 13 billion in earnings for 2024, a healthy reserve for more investments, Sandor reported. At the same time, Howard Lutnick, the election of the administration for the Secretary of Commerce, defended the relationship of custody of Cantor Fitzgerald with Tether during an audience in the Senate.
Microstrategy, who pioneered the idea of corporate Bitcoin Treasury bonds, added more to his bags and described plans to raise more capital, said James Van Straten. In ETFs, Bitwise won the approval of the SEC for a combined Bitcoin-Ether ETF, and submitted a request for an ETF Dogecoin, Helene Braun reported. Grayscale opened a new closed fund trust that offers exposure to Dogecoin, saying that Memecoin, which began as a joke in 2013, had become a tool for world financial inclusion.
There were also many regulatory and policy news. The Power of Memecoin de Solana, Pump.fun, was beaten with a collective claim that alleges violations of values. Cheyenne Ligon reported that story, as well as the news that the French authorities are expanding money laundering and tax investigation against Binance. Robinhood’s CEO, Vlad Tenev, joined Larry Fink from Blackrock to call tokenized equity. And Jesse Hamilton, Deputy Manager Editor of Regulatory, reported on the continuous success of Fireshake, a superpac of the industry.
Meanwhile, on Friday he saw the parents of FTX’s dishonorous founder, Sam Bankman, Fried Explore looking for a presidential forgiveness for his son. They are inspired by the recent forgiveness that Trump gave to the founder of the Silk Route, Ross Ulbricht. But, as Shaurya Malwa pointed out, the cases are very different and Joseph Bankman and Barbara Fried probably face a task up.
There have been a few interesting days in Crypto and we will have much more for Coendesk readers next week. As they say, be attentive.
