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• Dec 13, 11:40 AM CoinDesk

  World Liberty Financial’s $2M LINK bet fuels Chainlink rally to 2021 price levels

  World Liberty Financial, backed by Donald Trump, acquired an additional $1 million in Chainlink's LINK tokens, bringing its total investment to $2 million. This purchase followed an acquisition of $246,000 in AAVE tokens. LINK is now the fourth-largest holding in their portfolio, after Ether, Bitcoin, and Tether. The increased holdings have contributed to a significant rise in LINK's market price, with a 22% increase over the past week and a surge of over 130% since World Liberty first invested, pushing LINK to early 2021 price levels.

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• Dec 12, 5:09 PM Cointelegraph

  Grayscale introduces new investment funds for Lido and Optimism tokens

  Grayscale Investments introduced two new crypto funds, the Grayscale Lido DAO Trust and Grayscale Optimism Trust, focusing on Lido's LDO and Optimism's OP tokens. These funds target investments in Ethereum's largest liquid staking protocol and a leading layer-2 scaling solution, contributing to Ethereum's overall efficiency, security, and scalability. Available only to qualified investors, these funds expand Grayscale's portfolio, reinforcing its position as a major player in the crypto investment space.

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• Dec 12, 9:49 AM The Block

  Frax Finance teams up with IQ to launch AI agents on blockchain

  Frax Finance, in partnership with IQ, is developing an AI tech stack named AIVM on its Layer 2 blockchain, Fraxtal. The AIVM will utilize a proof-of-inference consensus to validate transactions using AI and machine learning, aiming to enable autonomous AI agents without a single control point. This development is part of Frax's 2025 Vision Roadmap to evolve into the decentralized central bank of crypto, including rebranding its stablecoin and network enhancements.

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• Dec 11, 6:47 PM CoinDesk

  Pantera Capital predicts shift to fundamental investing in crypto

  Cosmo Jiang from Pantera Capital emphasizes the importance of fundamental investing for the future growth of the crypto market, highlighting that sustainable profits in crypto will increasingly depend on fundamentals like cash flow, not merely speculative interest. Jiang points to the necessity of attracting institutional capital, which focuses on solid fundamentals, for continued market expansion. He suggests that product-market fit and effective execution by crypto projects will be central to selecting tokens for investment.

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• Dec 11, 8:57 AM The Block

  Ray Dalio advocates for Bitcoin as protective asset amid global debt concerns

  Ray Dalio, founder of Bridgewater Associates, endorsed gold and Bitcoin as preferable to debt assets in a speech at the Abu Dhabi Finance Week. Dalio highlighted the rising levels of indebtedness in major economies and the potential for future financial crises that could devalue conventional money. Despite his skepticism, Dalio admitted to owning bitcoin in 2021. Dalio stepped down from Bridgewater in October 2022, having relinquished his leadership roles over several years.

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• Dec 11, 6:30 AM Business Wire

  Circle and Binance partner to expand global reach of USDC

  Circle and Binance have formed a strategic partnership to enhance the utility of USD Coin (USDC) and expand its availability on Binance's exchange. This collaboration, announced during Abu Dhabi Finance Week, aims to integrate USDC into Binance's corporate treasury and increase its use across various financial services. Additionally, Circle will assist Binance in developing global finance and commerce relationships, furthering the adoption of stablecoins in the digital asset ecosystem.

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• Dec 11, 1:48 AM Cointelegraph

  Magic Eden's ME token struggles at launch amid user complaints

  Magic Eden's newly introduced ME token experienced a significant price dip following its launch due to complaints from users about a complex claiming process and issues with the platform's mobile app. Initially priced at $6.70, the token surged to $13.10 before plummeting about 67% to $4.30, though it later recovered to around $8.60. The rollout was marred by technical issues and user frustration over the ability to claim the token using different devices.

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• Dec 10, 9:22 PM CoinDesk

  El Salvador and Argentina sign crypto regulation agreement to boost industry development in Latin America

  El Salvador and Argentina have signed an agreement to collaborate on crypto regulation, aiming to share knowledge and promote regional development of the digital asset industry. Juan Carlos Reyes of El Salvador's CNAD and Roberto Silva of Argentina's CNV are leading this initiative. This partnership is intended to enhance the innovation and adoption of crypto technologies in Latin America, reflecting the significant role of international collaborations in fostering a well-regulated crypto ecosystem.

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• Dec 10, 5:37 PM The Block

  Trump aims for Bitcoin to reach $150,000 during his presidency, Axios reports

  Following his election victory, President Donald Trump expressed a desire for Bitcoin to surpass $150,000, reflecting his focus on the token's price as a measure of economic success. Bitcoin's price has notably increased since Trump's election, reaching new highs. Additionally, Trump plans to implement crypto-friendly regulations and has nominated Paul Atkins for SEC chair, indicating a proactive stance on crypto during his presidency.

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• Dec 10, 1:00 PM Tether

  Tether's USDT gains acceptance as a virtual asset in Abu Dhabi Global Market

  The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has officially recognized Tether's USD₮ as an Accepted Virtual Asset (AVA), enabling authorized personnel to offer services associated with USD₮ in ADGM. This development aligns with the United Arab Emirates' strategy to integrate digital and traditional finance, reinforcing Abu Dhabi and Dubai's positions as global leaders in crypto innovation. The recognition marks a significant advancement in Tether's effort to support financial inclusion and bridge the gap between conventional and digital economies.

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• Dec 10, 12:51 PM The Block

  Bernstein predicts quantum threat to Bitcoin is decades away

  Bernstein analysts have determined that Google's new Willow quantum chip does not pose an immediate risk to Bitcoin's security, stating the threat from quantum computing seems decades away despite recent advancements. Currently, Bitcoin uses cryptographic algorithms like ECDSA and SHA-256, which remain secure against quantum attacks with the current level of quantum technology. Discussions continue within the crypto community about moving to quantum-resistant encryption to preempt future threats.

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• Dec 10, 12:36 PM Cointelegraph

  Eric Trump forecasts Bitcoin reaching $1 million

  Eric Trump, at the Bitcoin MENA event in Abu Dhabi, predicted Bitcoin will eventually hit $1 million, citing its scarcity and transformative potential. Trump portrayed Bitcoin as more than an investment, emphasizing its role as a global asset, store of value, and hedge against various instabilities. He also noted increasing government adoption and the decentralized, middleman-free nature of Bitcoin as significant to its ascent.

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• Dec 10, 12:00 PM Crypto.com

  Crypto.com secures corporate banking services from Deutsche Bank in Singapore, Australia, and Hong Kong

  Crypto.com has partnered with Deutsche Bank to receive corporate banking services in Singapore, Australia, and Hong Kong. This partnership aims to enhance Crypto.com's corporate banking capabilities, increase operational efficiency, and strengthen its banking foundation in these regions. Deutsche Bank's support is part of a broader relationship that might expand to more countries, emphasizing Crypto.com's commitment to security and compliance, and supporting its global growth ambitions.

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• Dec 9, 9:15 PM CoinDesk

  Crypto market experiences broad selloff with significant declines in altcoins

  A significant downturn hit the crypto market, with Bitcoin and other major tokens witnessing sharp declines. Bitcoin dropped to just above $95,000, a 5% decrease, while Ether fell by 10%. The broader CoinDesk 20 Index reported an over 8% decline, notably impacted by approximately 20% drops in Cardano, Avalanche, and XRP. The market's tumult resulted in over $750 million in leveraged derivatives positions being liquidated, indicating a high volume of bullish bets were wiped out. This market behavior signals a potentially brief consolidation phase before a possible rebound, necessitating strategic trading adjustments.

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• Dec 9, 4:33 PM Cointelegraph

  Ripple CEO criticizes 60 Minutes for omitting key XRP ruling

  Brad Garlinghouse, CEO of Ripple Labs, criticized 60 Minutes for excluding critical details about a federal judge's decision that XRP is not a security, in their segment on Ripple's involvement in the 2024 US elections. The segment, which aired on December 8, focused on Ripple's funding of Fairshake, a political action committee supporting pro-crypto candidates, and the ongoing SEC lawsuit regarding XRP as an unregistered security. Garlinghouse highlighted the omission as misleading because it ignored the judge's favorable July ruling for Ripple.

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