It was another week busy in Coindesk while the new Trump administration continued to deploy a Pro-Crypto program and the industry has laid the basics of the new cycle growth.
Ripple was at the center of the news. Ondo Finance announced that it would offer treasury bills on Ripple’s big book, Kris Sandor reported. San Francisco’s company has also said that XRP Ledger would offer Griffon characteristics, improving liquidity from Rlusd to Stablecoin from Ripple, Shaurya Malwa reported.
Meanwhile, the CEO Brad Garlinghouse has been pressure for XRP to be included in any national crypto reserve, bitcoiners who say that the reserve should only be bitcoin. Omkar Godbole has had this news, as well as several incisive market analyzes (its daily update of the day of the day is an essential reading).
In other news from the protocol, Cardano has deployed a hard fork (“Plomin”), allowing decentralized governance. And Avalanche said that its December upgrade had resulted in a 75% drop in transaction costs for users, a big victory for this project. Meanwhile, Movement Labs unveiled a Mainnet developer before a long -awaited L1 launch in February.
Stablecoins, the most negotiated form of crypto, exceeded a market capitalization of $ 200 million. And Tether, transmitter of the main stablecoin, USDT, announced that it had made $ 13 billion in profits for 2024, a healthy stock for new investments, Sandor also reported. At the same time, Howard Lungick, the choice of administration for the secretary of commerce, defended the guarded relationship of Cantor Fitzgerald with Tether during a hearing in the Senate.
Microstrategy, who was the pioneer of the idea of Bitcoin vouchers, added more to his bags and described the plans to lift more capital, James Van Stratot reported. In the ETF, Bitwise obtained approval from the dry for a Bitcoin-Ether combined ETF and filed a request from an ETF of Dogecoin, helene Braun reported. Grayscale has opened a new closed ended fund offering an exhibition to Dogecoin, saying that the same, which was launched as a joke in 2013, had become a global financial inclusion tool.
There were also a lot of regulatory and political news. Solana’s same power, Pump.fun, was struck by a collective appeal alleging violations of securities. Cheyenne Ligon has reported this story, as well as news that the French authorities are expanding money laundering and a tax investigation against Binance. Robinhood CEO Vlad Tenev joined Larry Fink from Blackrock by calling token -equity. And Jesse Hamilton, deputy editor -in -chief of regulation, reported on the continuous success of Fairshake, a superpac from the industry.
Meanwhile, Friday saw the parents of the FTX founder of the FTX, Sam Bankman, explore in search of presidential forgiveness for their son. They are inspired by the recent forgiveness that Trump was given to the founder of Silk Road, Ross Ulbricht. But, as Shaurya Malwa noted, the cases are very different and Joseph Bankman and Barbara Fried are probably faced with a difficult task.
It was interesting for a few days in Crypto and we will have much more for Coindesk readers next week. As they say, stay listening.
