tl;dr
• China Tightens Crypto Regulations: China's State Administration of Foreign Exchange enforces stricter oversight of cross-border crypto activities, emphasizing risk management while cautiously acknowledging digital asset potential.• Vitalik Buterin Donates 50 ETH to Tornado Cash Legal Defense: Ethe...
• China Tightens Crypto Regulations: China's State Administration of Foreign Exchange enforces stricter oversight of cross-border crypto activities, emphasizing risk management while cautiously acknowledging digital asset potential.
• Vitalik Buterin Donates 50 ETH to Tornado Cash Legal Defense: Ethereum co-founder Vitalik Buterin donates 50 ETH (approx. $170,000) to support Tornado Cash developers facing legal challenges for alleged money laundering.
• Uniswap Leads DeFi with Record Volume: Uniswap recorded a $2.9 billion daily trading volume, solidifying its dominance in the DeFi market, with V3 contributing the majority.
• Ripple’s XRP Surges Amid Market Rally: XRP’s price rose 15%, reaching $2.44, driven by increased utility and optimistic market sentiment, accompanied by gains in altcoins like XLM and ADA.
• FCA Faces Challenges in Crypto Ad Regulation: The FCA reported limited success in addressing illegal crypto ads in the UK, with only 54% compliance, and emphasized upcoming regulatory updates by 2026.
• IRS Delays Crypto Tax Reporting Rules: The IRS postpones new crypto tax reporting requirements until 2025, citing complexities and industry adaptation needs.
• Ripple CEO Predicts Strong 2025 for XRP: Brad Garlinghouse anticipates continued market momentum and regulatory advancements to benefit Ripple and XRP.
• Bitcoin ETFs Experience Year-End Outflows: Bitcoin and Ethereum ETFs saw significant outflows, totaling over $426 million, as markets grapple with year-end volatility.
• Jordan Approves Blockchain Policy for 2025: Jordan's government adopts a blockchain strategy to enhance transparency, data security, and economic competitiveness, aligning with regional digital transformation trends.
• Floki DAO Greenlights ETP Launch: Floki DAO members approve the launch of an exchange-traded product on Switzerland’s SIX Swiss Exchange, bridging meme coins and traditional finance.
• Netflix’s 'Squid Game' Sparks Token Scams: Fraudulent tokens inspired by Netflix’s Squid Game season 2 highlight ongoing challenges of crypto scams and price manipulations.
• Benjamin Cowen Warns of Bitcoin Correction: Crypto strategist Benjamin Cowen predicts a double-digit correction for Bitcoin in January 2025 based on historical patterns.
• Tangem Wallet Exposes Security Flaws: Tangem faces backlash for a vulnerability exposing private keys, urging users to update their apps to mitigate risks.
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