Swiss National Bank Remains Cautious About Cryptocurrencies Due to Volatility

Bitcoin surged past $90,000, marking a record-breaking year with a 115% increase and a total market capitalization exceeding $3.1 trillion. Analysts predict further growth, with projections of $100,000 by year's end and $200,000 by 2025.

Asset managers have filed applications for various digital asset products, including a potential Dogecoin spot ETF. The SEC's historical scrutiny of crypto ETF applications presents challenges, with Dogecoin not meeting current qualifications. However, with potential regulatory changes, a Dogecoin ETF could be approved in the future.

Genius Group plans to invest $120 million in Bitcoin, aiming for it to make up 90% of its treasury reserves. The company's stock price surged by 79% following the announcement, reaching $1.13 on NYSE American.

The stablecoin supply in the crypto market has surged post-U.S. election, with USDT and USDC growing by over $5 billion in a week. This influx of stablecoins signals increased capital inflows into the digital asset ecosystem, providing liquidity for trading and buying assets.

Scott Bessent, a billionaire hedge fund manager and vocal crypto proponent, is reportedly the top choice for Treasury Secretary in the Trump administration. Bessent has shown support for establishing a U.S. government Bitcoin reserve, which could involve buying up to 1 million BTC over five years.

Super Doginals, a Doge-themed beat-'em-up game inscribed on Dogecoin via the Doginals protocol, offers a retro-style brawler experience with anthropomorphic Shiba Inu dogs battling meme-friendly creatures. The game features over 1,500 custom sprite artwork pieces and 14 unique levels.

Bitcoin broke records on Monday, reaching a new all-time high above $89,000 with the largest single-day dollar gain of $8,343. Despite this, it did not make the top 50 for the biggest single-day percentage gain in Bitcoin value.

Ethereum researcher Justin Drake has proposed a redesign of the Beacon chain to address technical issues, implement new cryptographic techniques, and enhance security against quantum computers. The upgrade, known as the "Beam chain," aims to improve transaction speed and decentralization.

A crypto developer mistakenly sent $27 million in Renzo tokens to the wrong Ethereum address, freezing the funds. Despite having keys to the wallet, recovery is hindered by a bug in ERC-20 transaction handling, leaving the developer to offer a $2.5 million reward for assistance.

El Salvador has been accumulating Bitcoin since 2021 when it became legal tender, resulting in $100 million of unrealized profit. Despite initial IMF warnings and Bloomberg claims of failure, the country's Bitcoin holdings now stand at $516.43 million.