Bitcoin
The biggest crypto news from the past week
2:38 pm ▪ 4 min read ▪ by Luc José A.
From groundbreaking announcements, technological progress, and regulatory turmoil, the crypto ecosystem continues to prove that it is both a landscape of boundless innovation and a field of regulatory and economic battles. Here’s a summary of the most notable news from the past week on Bitcoin, Ethereum, Binance, and Solana, among others.
Trump considers a favorable crypto future if re-elected
donald trump recently expressed strong support for the cryptocurrency industry during an event in Mar-a-Lago, criticizing the Biden administration for its hostility towards this sector. He promises to promote the adoption of cryptocurrencies in the United States if he is re-elected in 2024. Trump contrasts his economic vision and financial freedom with Democrats’ skepticism about the risks of crypto. The 2024 elections are seen as crucial to the regulatory future of digital assets in the United States. Biden’s policy currently aims to curb the rise of decentralized cryptocurrencies.
Bitcoin ETFs beat pension funds!
Traditionally cautious pension funds are starting to take an interest in Bitcoin ETFs. Large asset managers like Fidelity and BlackRock are now openly discussing these institutional investors. Interest from pension funds, with assets exceeding $4 billion, could significantly boost the Bitcoin market. Even a small allocation of these funds to Bitcoin could result in a massive influx of capital into the crypto market. This development could consolidate the adoption of cryptocurrencies by the general public and traditional institutional investors, marking a turning point towards the maturity of the crypto market.
VanEck launches the memecoin index!
VanEck introduced an index dedicated to memecoins, called Marketvector Meme Coin Index, focusing on six main memecoins with a maximum weighting of 30% each. This index aims to provide a structured approach to valuing these often volatile assets. The selection of memecoins for the index is based on several parameters such as current price and historical performance, with monthly reviews to maintain representativeness. VanEck’s initiative could attract more serious investors to the memecoin market. This innovation marks an important step towards the maturity of the cryptocurrency market by providing more sophisticated analytical tools for these digital assets.
Mastercard and banks reinvent transactions!
Mastercard is partnering with banks like Citi and JPMorgan to transform crypto transactions through asset tokenization, using a shared ledger to improve transaction security and efficiency. Mastercard’s Regulated Settlement Network (RSN) project aims to establish a legal framework to integrate these innovations into the digital economy. Institutions such as Swift and Deloitte are also involved, highlighting the importance of this global initiative. In the United States, the debate over central bank digital currencies (CBDCs) continues, with privacy concerns. The project aspires to a future where financial transactions are instantaneous and secure, thus redefining the standards of global finance.
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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 to analyze current affairs, to decrypt market trends, to convey the latest technological innovations, and to measure in perspective the economic and social outcomes 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.