Bitcoin
The biggest crypto news from the past week
Mon May 27, 2024 ▪ 3 min read ▪ by Luc Jose A.
Between revolutionary announcements, technological evolutions and regulatory turmoil, the crypto ecosystem continues to prove that it is both a land of limitless innovation and a battleground of regulatory and economic battles. Here is a condensed summary of the most significant news from the past week on Bitcoin, Ethereum, Binance and Solana, etc.
SEC-Approved Ethereum ETFs
The United States Securities and Exchange Commission (SEC) recently approved several Ethereum ETFs, marking a major advance for the second-largest cryptocurrency by market capitalization. This decision concerns financial giants such as BlackRock, Fidelity and Grayscale, and could redefine institutional investors’ access to digital assets. The approval of the 19b-4 forms is a decisive step, although the S-1 forms still need approval before these ETFs can be traded.
Trump accepts BTC, XRP and SHIB for his presidential campaign
Donald Trump announced that his presidential campaign will now accept donations in Bitcoin (BTC), Ripple (XRP) and Shiba Inu (SHIB). This initiative allows supporters to contribute through the Coinbase exchange, with donation amounts ranging from $20.42 to $4,547. This decision stands in stark contrast to the current position of the Biden administration and could influence the future of cryptocurrency regulation in the United States.
Bitcoin and runes: enthusiasm fades
The launch of Runes, which took place on April 20, the day of the fourth Bitcoin halving, generated spectacular initial enthusiasm. Runes accounted for 57.7% of all Bitcoin transactions that day. However, a month later, enthusiasm has wanedwith a significant decrease in activity and fees generated by Rune transactions.
Solana: DePIN Leader thanks to Render and Helium
Solana continues to stand out in the crypto ecosystem as a leader in the decentralized physical infrastructure (DePIN) sector thanks to the successes of Render Network and Helium Network. These networks leverage decentralized infrastructures for diverse applications, from artificial intelligence to data storage. Since their migration to Solana, these projects have seen significant growth in terms of usage and participation.
Bitcoin Dethroned: Silver Makes a Spectacular Comeback
Silver recently surpassed Bitcoin in market value, reaching $1.83 trillion compared to $1.31 trillion for Bitcoin. This dynamic has propelled silver to eighth place among the most valuable assets, ahead of Bitcoin. This turn of events highlights the volatility and unpredictability of financial markets.
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Lucas José A.
Graduated in Science from Toulouse and holder of a blockchain certification consultant delivered by Alyra, I am back on the Cointribune adventure in 2019. Harness the potential of blockchain to transform various sectors of the economy, and gain price engagement to raise awareness and inform the big public about this constantly evolving ecosystem. My goal is to enable you to better understand blockchain and take advantage of the opportunities it offers. I strive now to provide an objective of current affairs analysis, to decipher market trends, to convey the latest technological innovations and to measure in perspective the economic and social countries of this revolution in March.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.