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A proposed rule by the U.S. Department of Labor aims to provide a safe harbor for 401(k) fiduciaries considering alternative investments, including cryptocurrencies. The rule, following a directive from President Trump, seeks to expand access to alternative assets in retirement plans.
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Bitcoin reached record highs due to expectations of a looser U.S. Federal Reserve monetary policy. With a potential rate cut in September, investors are turning to risk assets like stocks and crypto for higher yields.
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Rain Lõhmus, an Estonian banker, revealed losing access to 250,000 Ethereum units purchased during the 2014 presale. With Ethereum's recent surge, the lost holdings are now valued at approximately $1.2 billion, nearly triple their worth in October 2023.
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Google plans to update its Play Store policy for digital wallets, requiring custodial apps to obtain specific licenses for distribution in various markets. Non-custodial wallets are not affected by the changes, set to be enforced on October 29.
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MetaMask is set to launch a stablecoin called mmUSD in partnership with Stripe, following a deleted Aave governance proposal. The stablecoin market is growing rapidly, with companies like JP Morgan, Bank of America, and Robinhood exploring stablecoin projects.
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The stock market reached new highs as traders anticipated a potential interest rate cut by the Federal Reserve. Bitcoin surged by 6% in a week and is up 30% year-to-date, hitting the $100,000 mark in December.
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Bullish's shares surged over 200% from its IPO price of $37 to $118, with a market value of $12.2 billion. The platform caters more to institutional investors than retail traders, marking a milestone as the first digital asset exchange to go public on NYSE.
bitcoinmagazine.com
The Lightning Network is a network of payment channels where users lock bitcoin into a multisignature address and update balance distributions off-chain. Different proposals like timeout trees and LN-Symmetry aim to enhance or replace existing mechanisms within the network.
Forbes
Bitcoin in 2010 was a little-known digital currency with limited use and viewed as a speculative asset. A $1,000 investment could have bought 16,666 to 3,448 bitcoin, with no standardized market in place.
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Solana and Dogecoin experienced significant price surges, with Solana reaching nearly $204 and Dogecoin trading at over $0.24. Meanwhile, Bitcoin briefly surpassed $122,000, while Ethereum neared a new record of $4,720, driven by increased investor interest and corporate adoption.
Coindesk
Ethereum-based DEX volumes have surpassed Solana's due to a shift in sentiment towards ETH and institutional activity. This contrasts with earlier this year when Solana dominated trading with meme coins.