tl;dr
• VanEck reports that Bitcoin’s recent 30% correction is a market reset rather than a weakness, with institutional adoption and regulatory developments strengthening its long-term outlook.• South Korean authorities investigate former Bithumb CEO Kim Dae-sik for misusing company funds, potentially im...
• VanEck reports that Bitcoin’s recent 30% correction is a market reset rather than a weakness, with institutional adoption and regulatory developments strengthening its long-term outlook.
• South Korean authorities investigate former Bithumb CEO Kim Dae-sik for misusing company funds, potentially impacting the exchange’s Nasdaq IPO plans.
• The Runes Protocol introduces "agents" to enable decentralized trading through Automated Market Makers (AMMs) on Bitcoin's Layer 1, enhancing its DeFi capabilities.
• Ripple CEO Brad Garlinghouse predicts an XRP ETF approval before 2025 ends and anticipates XRP's inclusion in White House digital asset reserves.
• Pump.fun launches PumpSwap DEX on Solana amid a 60% revenue decline, removing its 6 SOL migration fee and implementing security-focused upgrades.
• Glassnode reports a 50% drop in Bitcoin’s Hot Supply over three months, signaling reduced liquidity and potential bullish conditions for BTC recovery.
• Canary Capital files for the first NFT-backed crypto ETF, including exposure to PENGU tokens, Pudgy Penguins NFTs, Solana, and Ethereum.
• Wells Fargo agrees to a $19.5 million settlement in a class-action lawsuit over secret sales call recordings, with payments ranging from $86 to $5,000 per call.
• Tether surpasses Canada and Norway to become the seventh-largest holder of U.S. Treasuries in 2024, acquiring $33.1 billion in government securities to back USDT.
• Solana’s network revenue collapses by 97% following the decline of the memecoin-driven Pump.fun platform, affecting DEX volume and protocol fees.
• The SEC clarifies that Bitcoin and Litecoin mining under Proof-of-Work (PoW) are exempt from securities laws, ensuring regulatory certainty for miners.
• BNB Chain’s Pascal Hardfork improves transaction efficiency, enhances Ethereum compatibility, and increases decentralized exchange (DEX) dominance, surpassing Ethereum and Solana in volume.
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