Data, however, show no uptick in Runes protocol on chain metrics as of Monday. Onchain metrics typically follow social activity and narratives, with prices leading afterward. Source
Missed BTC Rally to $93K? Bitcoin Memecoins Could Be Next to Watch
Category: ICO
Netherlands-Based Quantoz Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins
“There’s a gap in the stablecoin market here in Europe, and we see that as an opportunity,” Arnoud Star Busmann, CEO of the firm’s payments-focused subsidiary Quantoz Payments, said in an interview with CoinDesk. “We are confident that our tech and regulatory compliance put us in a good position to fill that gap, especially now that we have strong partners like Kraken and Tether.” Source
CAT Token Expands to Solana, Setting Up Long-Term Bullish Move
The vault has been filled in excess of an initial $100,000 target as of Asian morning hours, with $240,000 worth of stablecoins deposited for CAT on Solana, data shows. Source
XRP Sees Record Futures Bets Amid Price Surge Above $1.20
An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend. Source
BONK Jumps 16% to Record Highs as Traders Eye Even More Gains Ahead
Low-unit bias, demand on Coinbase, frenzied community trading activity and BONK’s standing within the Solana ecosystem are positioning it for more growth ahead, traders say. Source
An Interview With El Salvador’s Top Crypto Regulator: ‘Developing Countries Can Lead the Financial Revolution’
The National Commission of Digital Assets is the agency in charge of regulating crypto in El Salvador, the first nation to accept Bitcoin as legal tender. Source
XRP Skyrockets Past $1 as SEC Faces Legal Troubles And Favourable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Ripple Labs, accusing the company of conducting an unregistered securities offering by selling XRP, which the SEC classified as a security. In July of last year, a U.S. court ruled that Ripple’s XRP sales to institutional investors qualified as securities transactions. However, it also determined that sales of XRP on public exchanges did not fall under the definition of a security. In October, the SEC appealed against this ruling, seeking further clarification on the legal status of XRP. Source
What Does Trump's Win Mean for Crypto?
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector. Source
Bank Clients Just Dipped Their Toes Into Bitcoin (BTC) ETFs, but Q4 Could See a FOMO Spike
Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC, didn’t add to or subtract much from their positions. A new entrant was Australian investment bank Macquarie Group, which purchased 132,355 shares of IBIT worth $4.8 million. Wells Fargo, which has a very minor stake in the ETFs, held most of its shares in the Grayscale Bitcoin Trust (GBTC) and Grayscale Bitcoin Mini Trust (BTC). Source
The Many Ways Crypto Won in This Election
People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long track of engagement with crypto, even authoring a market structure bill as a senator. Vivek Ramaswamy, the new co-lead of the Department of Government Efficiency (DOGE), has been a crypto bull for some time. Trump’s transition team co-chair Howard Lutnick is a bitcoin and stablecoin megabull (his company Cantor Fitzgerald custodies for Tether). Musk himself, who is becoming a right-side Soros of sorts, has dabbled in crypto for years. Source