heryyelous

@heryyelous

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Ripple is currently appealing an August 2024 judgment in its case against the SEC, which found the firm liable for $125 million.

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In a Dec. 31 X post, Ripple chief legal officer Stuart Alderoty said he hoped the SEC would affirm what he considered to be “principles” in regard to regulating digital assets, including that “a token is never a security, although it can be the subject of a security transaction.”

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South Korea has faced political turmoil in recent weeks, with President Yoon Suk Yeol declaring martial law on Dec. 3. The declaration sent Bitcoin’s price crashing on local exchanges.

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When the allegations surfaced in 2023, Kim stepped down from the Democratic Party.

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Prosecutors said Kim “obstructed the National Assembly Ethics Committee’s review of the National Assembly member’s assets in a false manner” by not declaring the full value of his crypto holdings.

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Legalizing cryptocurrencies in Ukraine would follow a global pattern and set the country up to become a potential hub for regulated digital asset trading in Eastern Europe.

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Despite earlier speculation around possible tax incentives, standard taxation rules similar to securities trading will be applied under the legalized framework — meaning all profits from crypto transactions will be taxed upon conversion to fiat currencies.

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The draft bill, currently under review, is expected to be finalized by early 2025 in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF). Its primary aim is to regulate digital assets while ensuring fiscal oversight.

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BUIDL is a popular money market fund that invests mainly in short-term US Treasury Bills and other low-risk, interest-bearing assets. It’s the largest tokenized Treasury fund, with $540 million in assets under management.

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Up to $1 billion in institutional real-world assets (RWAs) “can now mint deUSD, a yield-bearing synthetic dollar,” Curve said in its announcement.

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Decentralized exchange Curve has partnered with blockchain network Elixir to to bring BlackRock’s tokenized money market fund to DeFi.

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Pseudonymous crypto trader Pentoshi said in a Nov. 29 X post, “Now we have early signs of this happening in ETH, as the flows begin to finally pick up, and sellers begin to get absorbed. It only takes time.”

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At the time of publication, Ether is trading at $3,662, up 1.88% since Nov. 28, according to CoinMarketCap data.

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BlackRock, the world’s largest asset manager, was responsible for $250.4 million of the total inflows on Nov. 29. ETF Store president Nate Geraci pointed out in a Nov. 29 X post that BlackRock’s iShares Ethereum Trust (ETHA) has now notched over $2 billion in inflows since the product launched on July 23.

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Spot Ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on Nov. 29.

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Declining Bitcoin dominance suggests that investor are taking profit from their BTC positions and investing part of these funds into altcoins.

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In crypto slang, altseason, short for altcoin season, refers to the collective rally of cryptocurrencies besides BTC, which tend to benefit from Bitcoin’s declining dominance.

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Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20.

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The growing global money supply and a potential decline in the United States dollar could fuel a Bitcoin bull rally in 2025, as analysts expect to see an over six-figure valuation.

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“At Cointelegraph, we strive to connect the world of blockchain with broader audiences. Partnering with Watford FC allows us to blend the passion of sports with the innovation of fintech, creating unique opportunities to engage with a global audience,” Cointelegraph’s sales lead Pavel Shikhaleev added.

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