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With groundbreaking announcements, technological advancements, and regulatory turmoil, the cryptocurrency ecosystem continues to prove both a boundless area of innovation and a battleground for regulatory and economic battles. Here, we recap the most important news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and more.
SEC-Approved Ethereum ETF
The US Securities and Exchange Commission (SEC) recently approved several Ethereum ETFs, marking a major step forward for the second-largest cryptocurrency by market capitalization. The decision, which involves financial giants such as BlackRock, Fidelity and Grayscale, could redefine institutional investors' access to digital assets. While 19b-4 approval is a crucial step, S-1 approval is still required to market these ETFs.
President Trump Adopts BTC, XRP, and SHIB for Presidential Campaign
Donald Trump has announced that his presidential campaign will accept donations in Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB). The initiative allows supporters to donate through the Coinbase exchange, with donation amounts ranging from $20.42 to $4,547. The decision is in stark contrast to the current Biden administration's stance and could impact the future of cryptocurrency regulation in the United States.
Bitcoin and Runes: The enthusiasm fades
Rune's launch on April 20, the day of Bitcoin's fourth halving, initially generated a lot of enthusiasm. On that day, Rune accounted for 57.7% of all Bitcoin transactions. However, a month later, the enthusiasm faded and activity and fees generated by Rune transactions dropped significantly.
Solana: DePIN Leader thanks to Render and Helium
Solana stands out in the crypto ecosystem as a leader in the decentralized physical infrastructure (DePIN) space thanks to the success of its Render Network and Helium Network. These networks leverage decentralized infrastructure for a variety of applications, from artificial intelligence to data storage. Since migrating to Solana, these projects have seen significant growth in usage and participation.
Bitcoin Reclaims the Throne: Silver Makes a Spectacular Comeback
Silver recently surpassed Bitcoin in market cap, reaching $1.83 trillion compared to Bitcoin's $1.31 trillion. This move propelled silver past Bitcoin to the eighth position among the most valuable assets. This turnaround illustrates the volatility and unpredictability of financial markets.
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He holds a degree from Sciences Po Toulouse and is a Blockchain Certified Consultant by Alyra. In 2019, he returned to the Cointribune venture, working to expand the potential of blockchain to multiple sectors of the economy and to educate and inform the public about the constantly evolving ecosystem. My objective is to gain a deeper understanding of blockchain and seize the opportunities it offers. I am committed to providing an objective analysis of the current situation, elucidating market trends, communicating the latest technological innovations and gauging the prospects of economic and social challenges in this revolution of the market.
Disclaimer
The views, thoughts and opinions expressed in this article are those of the author and should not be taken as investment advice. Please conduct your own research before making any investment decisions.
