The new Trump administration continued to develop the parent crypto agenda, and the industry continued to build the basics of new cycle growth, so it was a busy week at the coin desk.
Ripple was at the center of the news. KRIS Sandor reported that ONDO Finance would provide a token -ized Ministry of Finance in the Ripple XRP ledger. San Francisco Company also reported that XRP Ledger provided the Clawback function and enhances the fluidity of Ripple’s Dollar Pegged StableCoin RLUSD.
Meanwhile, CEO’s Brad Garlinghouse has rolled up a Bitcoiner who has performed a lobby activity to include XRP in the National Cryptographic Avenue, and that the protected area should be only bitcoin. Omkar Godbole had some news, along with some sharp market analysis (his dayBook Daily Update is a must -read).
In other protocol news, the cardano has expanded hard forks (“Plomin”) to enable distributed governance. AVALANCHE also stated that the upgrade in December has reduced user transaction costs by 75 %, winning a major victory. Meanwhile, Movement Lab announced the developer’s main net prior to the launch of L1 scheduled for February.
StableCoins, the most traded format, has risen over 200 million dollars. Tether, a major StableCoin, publisher of USDT, announced in 2024 that it made a $ 13 billion profit. At the same time, Howard Rutonic, who defended the Cantor Fitzgerald detention of Cantor Fitzgerald’s Tether at the Senate hearing, defended the custody with tethers at a Senate hearing.
James Van Stratin reported that Microsticie reported that the company’s Bitcoin’s Finance’s idea had reported a plans to add more bags and procure more capital. In the ETF, Helene Braun reported that Bitiwise combined the Bitcoin Ether ETF to obtain a SEC approval and submitted a DOGECOIN ETF application form. GrayScale has opened a new closed -end fund trast that provides exposure to Dogecoin, stating that Memecoin, which began as a joke in 2013, became a global financial inclination tool.
There were many news of regulations and policy. Solana’s Memecoin PowerHouse, pump.fun, was in a group lawsuit that claims a securities violation. Chairian Rigon reported the story and the news that the French authorities are expanding their tax audits for money laundering and vinance. Robinhood CEO’s VLAD TENEV joined BlackRock’s Larry Fink to seek a tokenized equity. Jesse Hamilton, the deputy editor -in -chief of regulation, reported on the continuous success of Fair Shake, the industry super pack.
On Friday, on the other hand, I saw FTX founder SAM BANKMAN FRIED explored a parent, a founder of an incredible FTX, explored for his son’s pardon for his son. They are inspired by the recent pardon Trump, which was handed to Silk Road’s founder, Los Wolblicht. However, as Shaurya Malwa pointed out, the case is very different, and Joseph Bankman and Barbara Fried can face difficult tasks.
Crypto was interesting a few days, but next week there are many coindesk readers. As they say, look forward to it.
