Crypto Retro

🌐 CME Group to Roll Out Solana (SOL) Futures on March 17 📢 The CME Group has announced plans to launch Solana (SOL) futures on its trading platform on March 17, which could pave the way for an ETF. 👉 Read more

💸 Bitdeer Technologies Reports $531.9 Million Net Loss in Q4 2024 Amid Heavy ASIC Investments 📉 Bitdeer Technologies Group faced a significant $531.9 million net loss in Q4 2024, primarily due to substantial investments in proprietary mining hardware development. This included $243.4 million paid to Taiwan Semiconductor Manufacturing Company (TSMC) as the company aims for a self-mining hashrate of 40 exahash per second (EH/s) by late 2025. 📊 The Singapore-based blockchain firm reported a 40% year-over-year decline in Q4 revenue, dropping to $69.0 million. This decrease was attributed to lower income from its cloud, hosting, and self-mining segments. Gross profit fell sharply from $27.0 million in Q4 2023 to $5.1 million, with management citing Bitcoin’s April 2024 halving event and a shift in resources towards its application-specific integrated circuit (ASIC) technology roadmap as key factors. Operating expenses rose to $42.5 million, which included $22.9 million for research and development related to its Sealminer mining chips. 💰 In Q4, Bitdeer paid TSMC $190.6 million for the mass production of its SEAL02 chips and $52.8 million for SEAL03 tapeouts. This is part of a strategy to vertically integrate its operations. The company plans to increase its self-mining capacity from the current 8.7 EH/s to 40 EH/s by Q4 2025 using its proprietary hardware.

Owning and deploying our own mining ASICs is an integral part of our full vertical integration strategy

said Chief Business Officer Matt Kong, highlighting the strong demand for its newly commercialized Sealminer machines. 📉 Operational data revealed a 64% decrease in self-mined bitcoin, dropping from 1,299 BTC in Q4 2023 to 469 BTC due to reduced mining economics post-halving. Hosting revenue also fell sharply from $25.2 million to $8.5 million as customers reduced their use of older mining rigs. Despite these challenges, Bitdeer held 594 BTC (valued at $77.5 million) as of December 31 and increased its cash reserves to $476.3 million through convertible note issuances. ⚡️ The company’s global power capacity now exceeds 2.6 gigawatts (GW), with over 1 GW expected to be activated in 2025. Ongoing projects in Norway, Ohio, and Bhutan are anticipated to support its mining and high-performance computing initiatives. Bitdeer also reported progress on its 3rd and 4th-generation ASIC bitcoin mining chips, which are expected to lead in energy efficiency. ♾ Bitdeer’s $531.9 million net loss included $479.8 million in non-cash charges from fair value adjustments on convertible notes and warrants. Adjusted EBITDA, excluding one-time items, was negative $3.8 million. Executives underscored the long-term benefits of ASIC investments, although analysts may scrutinize the company's near-term cash burn ahead of its planned expansions in 2025.

🌟 Join the BiTMUSH Campaign! 👇 🚀 Complete missions and earn rewards worth 0.3 BiTCOiN! 💰 🔥 JOIN NOW: https://bitmush.io/campaign ⛏️ How to participate and earn points on social media: ✅ Follow @BiTMUSHbtc ✅ Like this post ✅ Repost it ✅ Reply and tag 3 friends ✅ Quote with #BiTMUSH ✅ Join Telegram ✅ Inscribe an NFT ✅ Share your referral link to invite others to inscribe their NFTs 📌 To participate, users must use the Unisat wallet and the Bitcoin network. #BiTMUSH #Blockchain #Inscribe #InscribingReward #NFT #Bitcoin #Giveaway #Crypto #Viral

🔥 ONI SPHERES – YOUR CRYPTO PASSIVE INCOME MACHINE! 💰 💎 Earn crypto every single day & week automatically with ONI Spheres! No staking, no locking—just real rewards from the ONI ecosystem! 🔹 📅 DAILY & WEEKLY PASSIVE INCOME! ✅ $ONI Rewards – Paid DAILY! ✅ BNB Rewards – Paid WEEKLY! ✅ ETH, GALA & More Coming as ONI Expands! 💎 Where Do The Rewards Come From? 🔥 10% of ALL ONI Profits fuel Sphere rewards! 🔹 ONI DEX Trading Fees – Every swap fuels your passive income! 🔹 ONI Games Revenue – More players = more earnings! 🔹 NFT Sales – Growth = higher payouts! 🚀 The More Spheres You Own, The More You Earn! 🔥 Limited supply – Once they’re gone, they’re gone! 🔥 Early holders earn the most as the ecosystem grows! 🔥 Future expansions = even BIGGER rewards! 🎰 Track & Activate Your Spheres to Start Earning NOW! 🔗 Get ONI Spheres: https://oni.exchange/spheres/ 🔗 Spheres Dashboard: https://oni.exchange/dashboard/spheres/ ✅ Join ONI Telegram: https://t.me/oni_exchange 💎 Passive income starts NOW! Don’t miss out! 🚀

⚠️ SEC's Crypto Enforcement Program Faces Collapse: Ripple Appeal Next? 🔍 The U.S. Securities and Exchange Commission (SEC) is reportedly dismantling its crypto-enforcement program, with recent legal retreats and internal restructuring. Former SEC enforcement chief John Reed Stark pointed out this shift on social media, stating that the SEC's case against Coinbase is essentially over and emphasized that the Ripple appeal is likely to be abandoned next. 📉 Stark explained that the SEC's withdrawal from crypto enforcement indicates a significant change in its regulatory approach. He noted that the agency recently dropped its appeal regarding the classification of crypto firms as securities dealers, a move that follows a trend of pauses in crypto enforcement under acting SEC Chair Mark Uyeda.

The Ripple appeal is also most certainly next in line for dismissal. Why? Because the new SEC top brass has made it crystal clear that the SEC will never file another court pleading of any kind arguing that a digital asset is a security,

Stark stated. 🔄 This shift in the SEC's approach coincides with a major overhaul of its enforcement strategy. The agency has rebranded its crypto unit as a cyber unit and removed key figures involved in crypto litigation. Stark described this situation as unprecedented and warned that all crypto-related enforcement efforts may be suspended indefinitely as the newly formed task force led by SEC Commissioner Hester Peirce takes charge. 🚨 Stark also predicted significant changes within the agency, stating,

Expect all SEC administrative law judges to be fired forthwith.

He characterized the SEC's current situation as extraordinary and unprecedented in its history. 🟢 Looking ahead, Stark foresees deeper institutional instability within the SEC. He remarked on the current political climate surrounding the agency, saying,

It’s the perfect storm at the SEC: a president who does not trust the SEC; a crypto czar who has no respect for the SEC; and a DOGE [Department of Government Efficiency] director who hates the SEC.

As the SEC steps back from crypto enforcement, industry observers are preparing for a new regulatory landscape where digital assets may encounter fewer immediate legal challenges.

🟡 Bitcoin's Market Stability Amid Conflicting Signals 📈 Bitcoin (BTC) is currently trading at $96,540.34, reflecting a slight increase of 0.25% over the past 24 hours and a 1.75% gain over the week. Despite recent price fluctuations, BTC remains within a narrow range of $93,388.83 to $96,695.38, indicating ongoing market consolidation. 📊 There has been a significant rise in Bitcoin's 24-hour trading volume, which has increased by 38.59% to $37.05 billion. This surge suggests growing trader participation despite the constrained price movement. Bitcoin's total market capitalization stands at $1.91 trillion, up slightly by 0.22% from the previous day.

Bitcoin’s swift rebound after hitting a two-week low is in keeping with the price inertia we’ve seen since December,

said Neil Roarty, cryptocurrency analyst at Click Out Media.

Both bulls and bears remain hesitant, and as a result, bitcoin continues to trade within a relatively tight band.

📉 BTC's market dominance has slightly decreased by 0.22% over the past 24 hours, now at 61.12%. This indicates a rotation of some capital into alternative cryptocurrencies, despite ongoing negative sentiment in the broader market due to the Libra memecoin debacle. 📉 In the derivatives market, BTC futures open interest has increased by 0.37% to $61.93 billion, suggesting a moderate rise in speculative positioning. However, recent liquidation data reveals continued volatility, with total bitcoin liquidations reaching $93.48 million in the past 24 hours. This imbalance indicates that overleveraged bullish traders have faced challenges amid BTC's fluctuating price action. 💼 Adding to the market's mixed signals, Strategy announced a proposed $2 billion private offering of convertible senior notes, potentially aimed at bitcoin acquisitions. As the largest corporate holder of BTC, Strategy's planned investment could provide additional buying pressure to counteract recent bearish sentiment.

Negative sentiment towards crypto following Milei’s questionable endorsement of the Libra memecoin has been balanced by news that bitcoin’s biggest bull, Michael Saylor of the world’s largest corporate crypto holder Strategy, is eyeing up further purchases,

Roarty remarked. ➡️ Bitcoin's recent price movements suggest a holding pattern in the market, with neither bulls nor bears able to dominate. Despite increased trading activity and institutional interest, BTC has yet to break decisively out of its multi-month range.

What’s it going to take to break us out of this three-month holding pattern? Probably a more decisive commitment to interest rate cuts from the Federal Reserve. Until then, expect bitcoin price action to continue ebbing and flowing,

Roarty added.

Somnia’s latest performance report shatters expectations with 1.05 million TPS and sub-second finality—delivering the scalability Web3 has been waiting for! 💰 PLUS: The Somnia ecosystem will benefit from $270M in combined capital from Improbable, M², and the Virtual Society Foundation, backed by investors like a16z, SoftBank, and Mirana, fueling innovation and adoption. 🔥 Performance Highlights: ⚡️ 1.05M TPS for ERC-20 transfers 🎨 300k NFTs minted per second 🔄 50k Uniswap v3 swaps per second 🚀 3.5M Native Transfers per second ⏱️ Sub-second latency across all transactions 🔬 Powered by MultiStream Consensus, Accelerated Sequential Execution, and IceDB, Somnia is eliminating blockchain bottlenecks and unlocking real-time, on-chain applications. 🔗 Check out the report: https://bit.ly/SM-TN-1EB

💜 Meet CoinLaunch: Crypto Fundraising & Influencer Analytics Platform In the dynamic crypto market, it’s difficult to be on time with an early investment in the gem project, skip a future scam, or timely participate in a life-changing retrodrop. Also, it's challenging to get accurate, transparent and verified data on each project, influencer, or institutional investor, as well as detect scams or potential rekt in advance. That's why CoinLaunch provides the following info for FREE: 🥇The list of hottest Token Sales and Airdrop Projects 🏆 TOP Crypto Launchpad list with Analysis & Ratings 😎 Widest Crypto Influencer database sorted by Industry & Stats 💵 Database of most active Crypto VC funds & Angel Investors ⏳Calendar of Crypto Contest: Airdrops, Retrodrops, Quests, etc. Check them out at 👉: https://coinlaunch.space?utm_source=twiitter&utm_medium=post&utm_campaign=intro&utm_id=cryptoretro&utm_content=1

➡️ SEC Requests Extension in Coinbase Appeal Amid Regulatory Review ♾ The U.S. Securities and Exchange Commission (SEC) has filed a motion seeking a 28-day extension to respond to Coinbase Inc.’s appeal petition. If approved, the new deadline would be March 14, 2025. This request, submitted to the U.S. Court of Appeals for the Second Circuit, comes as the SEC continues its review of cryptocurrency regulatory issues. The SEC noted in its filing that

This is not an expedited appeal, and Coinbase consents to this motion.

⚖️ The conflict between Coinbase and the SEC stems from a case in the U.S. District Court for the Southern District of New York. On March 26, 2024, the court partially granted and denied Coinbase’s motion for judgment. The decision was certified for appeal on January 7, 2025, leading to Coinbase’s petition filed on January 17, 2025. The SEC had previously received a 14-day extension on January 23, 2025, but now requests more time for its response due to ongoing regulatory considerations. 📝 The SEC’s motion stated:

Because the Commission’s review of crypto-related issues is ongoing, the Commission requests this additional time to prepare its answer to Coinbase’s petition and for appropriate review. No party will be prejudiced by the grant of the requested extension.

🔍 The agency also mentioned its newly established crypto task force, launched by Acting Chairman Mark T. Uyeda, which aims to develop a regulatory framework for crypto assets. The SEC argues that this extension will allow it to provide a more informed response while facilitating the resolution of the district court case and future appellate proceedings. With Coinbase’s consent, the SEC asserts that this additional time will not hinder the case’s overall progress. 🔄 Following Gary Gensler’s departure as SEC Chair on January 20, the agency has experienced significant changes under President Donald Trump’s administration. Uyeda has initiated a shift towards a more crypto-friendly regulatory environment, highlighted by the creation of a Crypto Task Force led by Commissioner Hester Peirce, an advocate for clear crypto regulations. This task force aims to establish a comprehensive framework that promotes innovation while ensuring investor protection. Additionally, Jorge Tenreiro, the SEC’s former lead litigator in major cryptocurrency cases, has been reassigned to the agency’s IT department, indicating a potential reduction in aggressive enforcement actions against crypto entities. These changes reflect the administration’s commitment to repositioning the U.S. as a global hub for cryptocurrency and blockchain technology.

💰 Doodles Launches 'DOOD' Token Amid NFT Market Challenges 🚀 The non-fungible token (NFT) project Doodles has announced the launch of its Solana-based digital currency, DOOD, with a total supply of approximately 10 billion units. The announcement was made via the brand's X account, stating,

Introducing DOOD, the official token of Doodles.

Doodles, known for its collaborations with Pharrell Williams and Adidas, is recognized as the 11th most profitable NFT project in history, having generated $702.77 million in transactions across 5,560 wallets. 📈 A detailed token distribution plan reveals that 68% of the tokens will be allocated to community members, while 17% will go to core contributors and 5% will be held in corporate reserves. The latter two categories will be subject to a one-year lock-up period followed by staggered releases over three years. This announcement comes at a time when Doodles and other blue-chip NFT collections are facing valuation declines. 📉 Since reaching a peak minimum entry price of nearly 20 ETH in May 2022, Doodles' price has dropped to around 4.63 ETH. However, there has been a recent 16% increase in floor price over the past 24 hours, suggesting a potential rebound following the token announcement. Historically, NFT collections that introduce additional digital currencies often see significant increases in market value and sales. 🔗 This trend was observed when Pudgy Penguins announced its own token. Doodles' strategic move coincides with Opensea's announcement of its SEA token initiative. In a market that has cooled significantly, these token launches appear to be strategic efforts to revitalize the NFT economy.

👾 SEED Ambassador Program – Lead the Way & Earn SEED Mon NFT Boxes! We see SEED Verse as a world where our Ambassadors are the pioneers, shaping the future of our growing community. Now, we’re calling on influential individuals to lead SEED’s viral expansion. SEED Ambassador Program empowers you to spread the word, drive engagement, and earn rewards. By completing key activities, you’ll help SEED thrive while unlocking exclusive perks. 💯 First-Come, First-Served – The Early Bird Gets the Worm. The first batch of ambassadors will score SEED Mon NFT Boxes! How to Apply: ✅ Step 1: Fill in the Application Form. ✅ Step 2: Publish a promotional post about SEED Mon NFT & SEED Go and include hashtags $SEED #SEED #SEEDCombinator #seedapp #SEEDMON. ✅ Step 3: Submit your post link in the Content Tracker form. 😮 Spots are limited, apply now & let’s make waves together!

AMBASSADOR FULL GUIDELINE

💰 Tesla's Bitcoin Holdings: A $1.07 Billion Position 📊 Tesla Inc. recently disclosed its bitcoin holdings in its annual 10-K report filed with the U.S. Securities and Exchange Commission (SEC). As of December 31, 2024, the company reported holding 11,509 bitcoin valued at approximately $1.07 billion. This valuation reflects a $589 million unrealized gain due to new Financial Accounting Standards Board (FASB) guidelines requiring companies to report digital assets at fair value.

Previously, Tesla had only recorded impairments, including a $204 million write-down in 2022.

🔍 Blockchain analytics firm Arkham confirms Tesla's holdings and notes that these assets were recently transferred across seven new wallets. This sparked speculation about a potential sale; however, further analysis revealed that these were internal transfers rather than liquidations. 💼 Tesla initially purchased $1.5 billion worth of bitcoin in early 2021, viewing it as a store of value and an alternative to cash reserves. The company briefly accepted bitcoin as payment but suspended this practice in May 2021 due to environmental concerns.

CEO Elon Musk has maintained a fluctuating stance on bitcoin, supporting its potential while emphasizing the need for cleaner mining practices.

🗣 Musk has also revealed his personal ownership of bitcoin, ethereum (ETH), and dogecoin (DOGE), along with SpaceX's bitcoin holdings. While Tesla sold about 75% of its bitcoin holdings in 2022 for liquidity reasons, Musk indicated that the company remains open to increasing its crypto holdings in the future depending on market conditions.

🔥 Let’s be real – 99.9% of tokens are either: ❌ Scams 🐶 Meme coins with no real value 💨 Useless projects that will never deliver Finding real crypto opportunities early is HARD. By the time they’re proven, market caps are sky-high, and the upside is gone. 🚀 How to spot real gems early? ✅ Real utility & real-world use case ✅ Token tied to company revenue ✅ Professional team, strong community We at WinTheWorld are convinced we’re part of the 0.1% that actually delivers. And the best part? 🚀 Launch on 15.02.2025 (10:00 EST) on Pump.Fun 💰 Starting market cap: just $7,000! This is your chance to get in early on a revenue-backed crypto project with a real strategy. Let’s prove together that crypto isn’t just scams & hype! 🌐 Website: https://wintheworld.io 💬 Telegram: https://t.me/WinTheWorld_OfficialTelegram 📢 Official Twitter https://x.com/WinTheWorld_X ⚠️ Stay safe! Only use official links shared on our social media at launch time! ⚠️

🪙 U.S. States Move Towards Strategic Bitcoin Reserves 📈 A growing number of U.S. states are actively pursuing legislation to establish strategic bitcoin reserves, reflecting an increasing interest in cryptocurrency as a financial asset. This week, David Sacks, the U.S. crypto czar under President Donald Trump, announced that he was tasked with exploring the feasibility of a national strategic bitcoin reserve. While federal discussions are in their early stages, 15 states have already begun legislative efforts to incorporate bitcoin into their financial strategies. 📊 Alabama has proposed a strategic bitcoin reserve to attract crypto-focused businesses and hedge against economic uncertainties. Arizona, a long-time advocate for blockchain adoption, is advancing legislation to allocate public funds to bitcoin (BTC). Florida is exploring bitcoin reserves to diversify assets and attract tech investments, while Kentucky is considering similar measures as part of broader financial modernization efforts. 💼 Massachusetts and Montana have introduced plans to include bitcoin in their public funds, highlighting its potential as a high-growth investment asset. New Hampshire, North Dakota, and Ohio are advancing similar legislation, emphasizing financial stability and blockchain innovation. Oklahoma and Pennsylvania are also pushing for bitcoin reserves to diversify their financial strategies. 💪 South Dakota recently joined the movement, proposing bitcoin reserves to strengthen its financial position. Texas, a leader in cryptocurrency adoption, has long supported bitcoin reserves as part of its strategy to establish itself as a global blockchain hub. Utah has taken initial steps toward bitcoin reserve legislation, while Wyoming, a pioneer in crypto-friendly laws, continues to push policies supporting digital asset integration. 🔴 The red states actively pursuing a strategic bitcoin reserve (SBR) include Alabama, Arizona, Florida, Kentucky, Massachusetts, Montana, New Hampshire, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, Utah, and Wyoming. Statistics from Kucoin show that Arizona and Utah are the closest to getting these bills signed into law. ↪️ As these states move forward with their bitcoin reserve plans, the national conversation is expected to intensify. While it remains uncertain whether federal adoption will follow, state-led initiatives indicate growing institutional interest in bitcoin as an economic tool.

How Much Are Crypto Exchanges Really Worth? The valuation of cryptocurrency exchanges like Binance, Kraken, and others is gaining attention in global media. A new approach has been introduced to estimate their market worth—not just based on trading volumes but through a broader set of key metrics. This method considers six important factors: 🔍 Transparency – How openly exchanges share information about their operations. 📊 Activity – User engagement and trading volumes. 💰 Capital – Financial strength and available reserves. 🛡 Security – Measures in place to protect users and funds. ✅ Compliance – Adherence to regulatory standards. 📈 Proof of Reserves – Verification of solvency and financial backing. By analyzing these elements, the formula offers a structured way to assess exchanges beyond surface-level figures. While not a definitive valuation model, it provides useful insights into how different platforms operate and manage risks in the crypto space. Read more in the article 👉 https://coincodex.com/article/58281/unveiling-the-metrics-understanding-the-market-value-of-leading-crypto-exchanges/

🌍 Travala Enhances Travel Options Through Trivago Partnership 🚀 Travala has successfully integrated its extensive hotel listings with Trivago, enabling users of the global accommodation search platform to book their stays using cryptocurrency. This collaboration combines Travala’s portfolio of over 2.2 million accommodations into Trivago’s interface, allowing travelers to seamlessly transition to Travala’s portal for reservations. They can finalize their bookings using more than 100 digital currencies, including bitcoin (BTC) and ethereum (ETH), as well as traditional payment methods. 💰 Travala’s AVA Smart Program rewards users with bitcoin or AVA, its proprietary token, for eligible reservations. Data from 2024 shows that 78% of the platform’s transactions were conducted using digital currencies, highlighting the growing acceptance of crypto-based commerce in the global tourism sector. 🌐 Representatives from Trivago noted that this partnership expands traveler options while introducing innovative financial solutions. This move builds on Travala’s previous collaborations with Skyscanner and KAYAK, strengthening its presence in major travel aggregation ecosystems.

By integrating Travala, we’re expanding the choice for our customers while also broadening their ability to book with emerging payment options like cryptocurrencies,”

said Timo Itterbeck, the head of account management for APAC-LATAM-Spain at Trivago. 📈 In 2024, Travala reported annual revenue of $100 million, nearly doubling its earnings from the previous year. Since its launch in 2017, the platform has expanded its services to include hotel reservations, flight tickets, and curated excursions across 230 countries. 🔍 Trivago, a Nasdaq-listed accommodation metasearch giant, enables users to compare lodging options worldwide. Its agreement with Travala aligns with its mission to enhance the range of travel planning tools available to modern explorers.

📈 Bitcoin's Bullish Trajectory: Echoes of the 2015 - 2018 Market Cycle 🔍 A recent Glassnode report, co-authored by analysts Cryptovizart and Ukuria OC, highlights striking parallels between Bitcoin's current bullish trajectory and the 2015 - 2018 market cycle. The report notes that Bitcoin's price gains have moderated progressively across successive cycles, indicating an evolution towards a more seasoned market. Retracements in this cycle closely mirror those observed between 2015 and 2017, with corrections consistently hovering near Fibonacci thresholds of 10.1% to 23.6%. 📊 The report reveals that capital inflows, measured via realized capitalization, have expanded 2.1-fold this cycle, contrasting with the 5.7-fold peak of its predecessor. This growth pattern aligns with mid-2010s trends, suggesting that euphoric investor behavior remains subdued, leaving room for additional market escalation. Centralized exchange reserves have dwindled to 2.7 million BTC since mid-2024, down from 3.1 million. Analysts attribute this decline to migration toward ETF custodians rather than scarcity pressures. 🔄 Historically, bull markets thrive when veteran investors gradually transfer assets to newcomers. The report reveals that 1.1 million BTC shifted from long-term to short-term wallets during Bitcoin’s climb past $100,000. This dynamic underscores the critical role of fresh capital in maintaining upward price trajectories. However, while Bitcoin’s macro trend remains decidedly bullish, Glassnode cautions that intense distribution phases often precede periods of waning demand. ⚖️ Should historical rhythms persist, the market may ultimately pivot toward accumulation-driven stability rather than speculative trading frenzies.

Bitcoin's current trajectory exhibits striking similarities to the 2015–2018 market cycle,

the report states, emphasizing the potential for a pivotal inflection point akin to prior bull-market acceleration stages.

❗️ Andre Cronje's Departure from Crypto: SEC Scrutiny and Future Plans 🚨 Andre Cronje, the founder of Yearn Finance, revealed that his exit from the crypto space was largely due to intense scrutiny from the U.S. Securities and Exchange Commission (SEC). He stated that inquiries from the SEC began in 2021 and escalated over time, seemingly aimed at uncovering potential violations of securities laws. 🗣 In a statement on Medium, Cronje indicated that recent changes in SEC leadership prompted him to share his experiences. He noted that after Donald Trump’s inauguration, the SEC revised some policies established during the Biden administration. There are also rumors that the SEC may drop charges against certain digital asset companies like Ripple under its new leadership. 📊 Cronje recounted that the SEC initially sent him a letter requesting information about the issuance of YFI tokens, which he provided. However, a subsequent letter with a more aggressive tone led him to seek legal advice. He claimed that the increasing volume of correspondence from the SEC eventually forced him to cease all development and research activities. 🔍 When the SEC shifted its focus to Yearn vaults, Cronje had to demonstrate that he was not receiving financial compensation for his role. He explained,

At this point, I had to start proving I was not receiving any benefit, all benefits were being returned to the users, etc.

This process took two years and culminated in a choice between continuing to build without compensation while facing ongoing attacks or stepping away. 🚀 After years of private development on "new primitives," Cronje announced that he is now ready to reveal them. He also addressed misinterpretations of his previous statements on crypto regulation. While he believes that regulating centralized entities within the crypto ecosystem is possible, he argues that attempting to directly regulate decentralized protocols is both ineffective and harmful to the industry's growth.

🌍 Trump's Influence on Cryptocurrency: A New Era for Global Adoption 🚀 Last week, cryptocurrency took center stage at the World Economic Forum Annual Meeting 2025 in Davos. Coinbase CEO Brian Armstrong emphasized the U.S.'s crucial role in shaping the industry's future. He described Trump's declaration of wanting to be the first crypto president as "unprecedented." Armstrong stated,

To have the leader of the largest GDP country in the world come out undeniably and say that he wants to be the first crypto president... this is unprecedented.

📊 Former White House communications director Anthony Scaramucci discussed the political implications of cryptocurrency. He revealed that Republican lawmakers aim to implement comprehensive crypto legislation by early 2026, intending to use it as part of their campaign strategy. 📉 South African Reserve Bank governor Lesetja Kganyago acknowledged the challenges regulators face. He noted,

In many instances, regulators are struggling to come to grips with exactly what they are having to regulate.

Despite these challenges, panelists expressed optimism about blockchain technology's transformative potential in the global financial system. ▶️ Armstrong emphasized the importance of simplifying cryptocurrency for mass adoption. He stated,

We need to make crypto easier to use... I think we need to make it that simple.

He highlighted blockchain's potential to revolutionize global finance, suggesting that improved infrastructure could help lift billions out of poverty. Panelists pointed to blockchain's ability to enable instant, cross-border transactions and deliver aid efficiently as a tool capable of transforming economic systems worldwide.

🚀 Solana Surpasses Ethereum in Key Metrics 🌟 Solana has recently surpassed Ethereum in several important metrics, positioning itself as a leading altcoin chain. Over the past three months, Solana recorded 5.053 billion transactions and a decentralized exchange (dex) transaction volume of $1.9 trillion. In comparison, Ethereum generated 1.138 billion transactions with a dex transaction volume of $504.83 billion. 📈 The number of active addresses on Solana reached 344 million, which is five times greater than Ethereum's 82.56 million. It's important to note that Ethereum's figures include data from its Layer 2 chains such as Arbitrum and Polygon. 🔒 Despite Solana's impressive growth, Ethereum still leads in total value locked (TVL) with $64.47 billion compared to Solana's $11.38 billion. A prediction from Bitcoin News in November 2024 suggested that Solana could potentially overtake Ethereum due to its speed and cost-effectiveness. Current metrics and speculation about an upcoming Solana ETF approval indicate that Solana may be gaining ground.