CRYPTO

Solana's renaissance may come as a surprise to some crypto pundits who predicted at the end of 2022 that the collapse of FTX and Alameda would trigger the demise of the ultra-fast blockchain so often praised by Sam Bankman-Fried before his disgrace as being the only blockchain that had the muscle to sustain mass crypto adoption.

The ongoing discussions include "substantive details, some of which are usually discussed near the end of an ETF application process," a report has claimed.

During closed-door discussions, Montenegro's Justice Minister Andrej Milovic reportedly mentioned his plans to extradite Do Kwon to the U.S., where is facing multiple criminal charges.

Not everyone was pleased with the latest development in the cryptocurrency industry and Dimon was one among them. He said he would close the industry down if he had the power.

Bukele said that it has never been El Salvador's objective to sell its Bitcoin and while he confirmed that they are well aware the crypto asset's price will fluctuate, he underlined that it does not impact the country's long-term strategy.

Dogecoin, the crypto asset officially introduced on Dec. 6, 2013, also marked a new all-time high for this year at its current price and secured the ninth-largest crypto asset by market capitalization at $14.62 billion.

Late last month, the Montenegrin High Court announced that it has "approved the extradition" of Kwon as requested by his home country South Korea and the U.S.

The Shiba Inu development team, especially its pseudonymous lead developer Shytoshi Kusama, had been the target of massive "coordinated" FUD (fear, uncertainty, doubt) over the past months as some expected the burn rate would immediately increase following the launch of Shibarium in August.

Industry experts and ETF analysts scrutinized the amended prospectus and discovered that BlackRock had seeded its ETF on Oct. 27. It was the same month when the crypto community found the Bitcoin ETF ticker of the firm listed on the website of the Depository Trust and Clearing Corporation.

Over the past weeks, Bitcoin continued to rally, pushing its value up on the anticipation that the U.S. Securities and Exchange Commission (SEC) would soon announce the country's first-ever spot Bitcoin exchange-traded fund.

Interestingly, Dogecoin is the only crypto asset mentioned on CyberTruck's checkout page.

The substantial Bitcoin investment by MicroStrategy has yielded a significant return, a growth that began under the leadership of its current executive chairman, Michael Saylor, starting in August 2020.

While the act is viewed as operational or part of the process before its launch, for some, it is a positive indication that the U.S. will have a spot Bitcoin ETF very soon.

In crypto terms, RWA tokenization denotes the process of creating "digital twins" of material and monetary assets by using blockchain technology and smart contracts to transform them into on-chain assets.

A report attributed the surge to "a culmination of various factors, including a notable shift in the dynamics of the futures market compared to the spot market."

It is not yet clear whether prosecutors want to move forward with the ex-crypto mogul's second trial in March, where he will be tried for five charges.

On the eve of the potential approval of multiple spot Bitcoin ETF filings, rumor has it that the major issue now concerns whether the SEC would allow in-kind creations.

With the authorization, the crypto exchange platform that has more than 80 million global users, can now offer UK-localized e-money products.

Although timelines on the approval of spot Bitcoin ETF filings are uncertain, Grayscale said it remained "focused on uplisting GBTC to NYSE Arca as a spot Bitcoin ETF."

The crypto market is currently a sea of green, as Bitcoin, the world's largest crypto asset by market cap, leads the digital assets in a price rally that benefited most crypto holders.

The king of crypto pushed through the $41,000 price level without much resistance with short positions on BTC contracts, immediately liquidating as much as $54 million.

This project is historic, especially for the crypto industry, as it is the first satellite launch to be fully funded in DOGE cryptocurrency.

However, Bitcoin's latest move also caused $190 million worth of liquidated derivates, $150 million of which was in short positions.

Bitcoin was up 5.2% for the week, followed by the Russell 2000 small caps index, which was up 3.5%. These gains outperformed the 0.2% tech-heavy Nasdaq 100 Index gains and the S&P 500 index's 0.9% gains.

During a hearing at a Manhattan court last Thursday, lawyers for Kwon said that unnamed whistleblowers, one of them from Jump Trading Group, had helped federal regulators in building their fraud case against the Terra co-founder.

Some market makers already knew about the historic settlement agreement roughly a couple of months before it took place, as per a Bloomberg report.

U.S. Chief District Judge Robert Shelby ordered the major Wall Street regulator to explain the statements it made while implementing and maintaining a temporary restraining order (TRO) against the crypto project DEBT Box.

Aside from charges in the U.S. and in his home country, Kwon could be facing another class-action lawsuit in Singapore.

Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.