Crypto Chronicles: Big Moves & Bold Plans ๐
13 December 2024
๐ Macro/TradFi
๐ท๐บ A Russian Duma member suggests creating a national Bitcoin reserve to combat sanctions and enhance financial resilience.
๐บ๐ธ President-elect Donald Trump promises tariffs, deportations, and tax cuts, with Jay Powell staying as Fed Chair until 2026.
๐ El Salvador partners with Argentina to strengthen crypto adoption in Latin America.
๐ผ Microsoft shareholders declined adding Bitcoin to the company's balance sheet at their annual meeting.
๐ฐ Crypto Highlights
L1/L2: MicroStrategy acquires another $2.1B in Bitcoin, continuing its streak of Monday buys. Meanwhile, Treasure launches its ZKsync-based gaming blockchain.
DeFi: The WLFI initiative, backed by Trump, buys $10M in ETH and $3M in LINK and AAVE. Sushi announces a Solana-based DEX by 2025.
NFT: Pudgy Penguins hit second place globally, with floor prices soaring past $100K, as $PENGU token gains traction.
Stablecoins: Rippleโs RLUSD stablecoin secures NYDFS approval, while Hong Kong introduces a framework for stablecoin issuers.
Others: Binance rolls out โSeamlessโ wallet and $5M airdrop; Frax Finance debuts AIVM for AI-powered transaction validation.
๐ Market Insights: December 2024
โค SOURCE : @Binance News ๐ฅ
