carcarlote
@ssibal
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carcarlote
@ssibal
XRP Price Surges 25% as Headwinds for Ripple Clear Even More An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP.
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carcarlote
@ssibal
Solana's SOL Surges to Record High Above $260 The token of late has benefitted from multiple catalysts, including meme coin action, growing DeFi activity on the Solana network and the coming crypto-friendly presidential administration.
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carcarlote
@ssibal
Trump Said to Consider Crypto Lawyer Teresa Goody Guillén to Lead SEC A former SEC attorney who now represents blockchain companies, Goody Guillén would be "an instant change maker," said one token project founder.
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carcarlote
@ssibal
Options on the iShares Bitcoin Trust (IBIT) could start trading on Nasdaq as soon as tomorrow, the stock exchange's head of ETP listings said. The U.S. SEC approved options for the spot bitcoin ETFs on several exchanges in September. Options on the other spot products could also become available in the next couple of days.
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carcarlote
@ssibal
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carcarlote
@ssibal
BONK leads with a 16% gain and high trading volumes on Coinbase, outpacing other memecoins like DOGE and SHIB. Technical analysis shows BONK's breakout from consolidation, suggesting potential growth; it's seen as undervalued compared to peers. Deflationary actions aim to increase BONK’s value, with a target of 1 trillion tokens to be burned by December.
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carcarlote
@ssibal
Regulatory clarity and upcoming technical changes are spurring growth in XRP-tracked futures, with open interest zooming to record highs on Saturday as prices spiked more than 20% over 24 hours. XRP and U.S. dollar-denominated open interest are at record levels as of Sunday, with over 2 billion tokens (worth nearly $2 billion at current prices) in futures positions betting on further market volatility.
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carcarlote
@ssibal
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carcarlote
@ssibal
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.
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