12:05 ▪
5
Minimum read time up to ▪
Amid revolutionary announcements, technological advances, and regulatory disruption, the cryptocurrency ecosystem continues to prove both a realm of limitless innovation and a battleground for regulatory and economic challenges. Here’s a roundup of the past week’s most important news on Bitcoin, Ethereum, Binance, Solana, and Ripple.
Microsoft closes the door to Bitcoin
At its annual general meeting, Microsoft rejected a proposal from the think tank National Center for Public Policy Research (NCPPR) to invest 1% to 5% of its profits in Bitcoin. The goal was to diversify the company’s assets and benefit from the growing momentum of cryptocurrencies. However, the Board of Directors, with the support of the majority of shareholders, emphasized the extreme volatility of cryptocurrencies and the importance of maintaining stable cash flows in line with operational needs. This wise choice stands in contrast to companies like MicroStrategy, which have massively integrated Bitcoin into their balance sheets. This decision reflects the differences in large companies’ approaches to cryptocurrencies and illustrates the broader debate between bold innovation and conservative asset management.
🔗 Read the full article here
Ripple gives green light to stablecoin RLUSD
Ripple has received approval from the New York Department of Financial Services (NYDFS) to launch the stablecoin RLUSD, which is designed to be strictly equivalent to the US dollar. Backed by solid reserves and deployed on the XRP Ledger and Ethereum network, RLUSD is a major milestone in Ripple’s strategy to compete with Tether and Circle. The company is targeting institutional adoption, with a market goal of reaching $2 trillion by 2028. This development is part of an approach that combines innovation and regulatory compliance while positioning RLUSD as a strategic complement to XRP. This advancement has the potential to redefine the role of stablecoins in traditional finance and influence regulatory frameworks, thereby increasing investor confidence.
🔗 Read the full article here
According to Matrixport, Bitcoin will reach $160,000 by 2025
In a recent report, Matrixport predicts that Bitcoin will reach $160,000 by 2025, due to factors such as the rise of Bitcoin ETFs and increased interest from institutional investors. This scenario relies on a favorable macroeconomic environment characterized by expanding global liquidity and the search for alternatives to traditional assets in the face of inflation and geopolitical instability. The report emphasizes the importance of prudent allocation, recommending 1.55% to profit from Bitcoin’s volatility while limiting risk. Matrixport also predicts that this rise could lead to regulators tightening regulations and mark a turning point for the adoption of cryptocurrencies in traditional financial markets.
🔗 Read the full article here
Solana surpasses Ethereum in developer race
In 2024, Solana reached a turning point by attracting 7,625 new developers, resulting in a 17% decrease in the number of active developers and surpassing steady Ethereum for the first time at 6,244. With low fees and incredible transaction speeds, Solana has seen an 83% increase in adoption and strengthens its ecosystem. However, Ethereum is the blockchain with the highest number of developers, accounting for 56% of its activity, thanks to layer 2 solutions such as Optimism and Arbitrum. Meanwhile, Asia is becoming a global hub for blockchain talent, with India accounting for 17% of new developers, reflecting the redistribution of power in the cryptocurrency ecosystem.
🔗 Read the full article here
MicroStrategy joins Nasdaq-100 to increase exposure to Bitcoin
MicroStrategy, known for its large Bitcoin holdings ($42 billion), will join the prestigious Nasdaq 100, increasing the fund’s indirect exposure to Bitcoin with more than $550 billion under management. ETFs that track this index, including Invesco QQQ Trust, should buy MSTR stock to drive demand and improve the company’s valuation. This addition has the potential to attract millions of traditional investors to crypto through MicroStrategy, but questions remain regarding its sustainability. MicroStrategy, which was reclassified as a financial company due to its focus on Bitcoin, could be removed from the index in March 2025. Still, this development represents an important step forward in bringing Bitcoin closer to institutional finance.
🔗 Read the full article here
Here are the important things to remember this week: But if you’d like a more in-depth overview and in-depth analysis straight to your inbox, subscribe to our weekly newsletter.
Get the most out of your Cointribune experience with the Read to Earn program! Earn points every time you read an article and get access to exclusive benefits. Sign up now and get rewards.
Toulouse Scientific Diploma and Certification Consultant Alila Blockchain Exam Rejoined 2019 Coin Tribune. Consider the potential of blockchain in the field of economics and learn economics with great sensitivity and engagement with informants in public safety and environmental systems and evolution. The month is about understanding blockchain and its opportunities. Analyze the purpose of reality, decipher trends in Marche, analyze innovative technologies and perspectives, and analyze social revolution in Marche.
Disclaimer
The views, ideas and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please do your own research before making any investment decisions.
