Bitcoin and ether ETFs continued their strong recovery with successive days of inflows worth $ 626 million and $ 167 million respectively. Bitcoin ETFs Reverse Outflows With Consecutive Days of Significant Inflows U.S. spot bitcoin ETFs continued the show of strength with another day of strong inflows. Data from Sosovalue on Jan. 16 …
‘Dino Coins’ Roar Back: XRP, XLM, and ADA Lead the Charge in Weekend Gains
Coins colloquially labeled as “dino coins” have dominated the weekend’s crypto gains, with XRP, XLM, and ADA enjoying substantial upticks over the past 24 hours. Leading this resurgence is XRP, boasting an 8.9% increase against the U.S. dollar as of Saturday. Old School, Big Gains: ‘Dino Coins’ XRP and XLM Climb to New Heights The […]
Solana Achieved Its Best Year Ever, and the Numbers Back It Up
Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $ 304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase, which, although symbolic, signaled the willingness to make …
Crypto Industry Strikes Back: Lawsuit Challenges ‘Unconstitutional’ IRS Regulations
The Blockchain Association, the Defi Education Fund, and the Texas Blockchain Council are preparing to fight back against the recently finalized so-called crypto ‘broker’ rules issued by the Treasury and the IRS. The coalition asserts that these rules are unconstitutional and represent regulatory overreach by these agencies. Crypto Coalition Files Lawsuit to Push Against IRS […]
Quid Pro Quo: El Salvador Scores $1.4 Billion IMF Credit by Scaling Back Bitcoin Activities
The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $ 1.4 billion credit facility to fund the country’s reform agenda. In exchange, El Salvador agreed to scale back bitcoin’s economic involvement to mitigate risks derived from its implementation. El Salvador to Receive $ 1.4 Billion …