Crypto News
Solana Continues to Fall as Lightchain AI Presale Nears End with Testnet Launch
PRESS RELEASE. The cryptocurrency market never ceases to surprise, and the current downturn of Solana is no exception. Yet in the midst of Solana’s decline, Lightchain AI shines brighter than ever as it wraps up its highly successful presale and prepares for its Testnet launch—a turning point many in the blockchain space are eagerly anticipating.Source link
Cardano Will Transition to Full Decentralized Governance After Wednesday’s Hard Fork, Cardano Foundation Says
Proof-of-stake blockchain Cardano will switch to decentralized governance later Wednesday after the Plomin hard fork takes effect, Cardano Foundation, a non-profit organization backing the project, said on X."The Plomin hard fork takes effect, marking the transition to full decentralized governance. ADA holders gain real voting power – on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future," Cardano Foundation said. " A milestone in blockchain governance."Cardano's ADA token changed hands at 93 cents at press time, up 1.4% on the day, according to data from CoinDesk and TradingView. A hard fork is a non-backwards compatible change to the blockchain's programming.The Plomin hard fork needs Stake Pool Operators to upgrade their nodes and approve the upgrade with a 51% vote....
Bitcoin ETFs Rebound With Modest Inflow of $18 Million
Bitcoin spot ETFs experienced a total net inflow of $18.44 million with only two ETFs seeing funds flowing in and out. Green Trading Day for Bitcoin ETFs U.S. spot bitcoin exchange-traded funds (ETFs) rebounded from the significant outflow with modest gains of $18.44 million, according to trading metrics from Sosovalue. On a quiet trading day,Source link
Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe Due to MiCA
Digital asset exchange Crypto.com said it will suspend certain token services deemed to be unauthorized in terms of the European Union's Markets in Crypto Assets legislation (MiCA) in a statement to its clients on Tuesday.The statement said that from Jan. 31, it will no longer offer certain services from stablecoins, like Tether USDT, Paypal USD, Pax dollar alongside Crypto.com Staked ETH and Crypto.com Staked SOL. CoinDesk reached out to Tether, Paypal and Paxos for a comment.Exchanges are required to follow the European Unions bespoke rules for crypto assets known as MiCA that require stablecoin issuers and staking service providers to have the necessary authorization in order to be accessed by Europeans. The rules impact all 30 nations in the European...
M2 Money Supply Approaches All-Time High, Bullish Signal for Crypto: Van Straten
The M2 money supply increased in December to $21.5 trillion, just shy of its all-time high. The M2 money supply measures the total amount of money in circulation within an economy, including both liquid and less liquid assets. Meanwhile, the CPI index tracks the average price change of goods and services over time, which indicates inflation.Continued growth in the M2 money supply is a bullish indicator for risk assets as it indicates more liquidity is entering the system, which typically finds itself in risk-assets first.The M2 money supply has clocked in a new monthly high every month since January 2024. The M2 money supply influences CPI by affecting inflation trends. While the Federal Reserve is actively tightening through quantitative easing...