China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
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Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows
The announcement comes at a time when Japan’s fiscal crisis is said to be playing out in the currency market.
SEC Rebuts Coinbase’s Attempt to Get Appeals Court to Answer Key Crypto Question
Coinbase hasn’t successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.
U.S. House’s McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee.
Bitcoin Is In a ‘Bore You to Death’ Phase, but Bottom Could Be Close, Analysts Say
The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.
DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.
EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It’s Non-Transferable
Perpetual futures markets price the fully diluted value of the token at around $15 billion.
DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update
The Near Protocol’s Near token has more than doubled in price in 2024.
Celo Community Ratifies Plan to Use Optimism’s OP Stack for New Layer-2 Chain
The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.