An anticipated Federal Reserve interest rate cut in the United States could renew major institutions’ interest in decentralized finance (DeFi) and stablecoins — as long as the infrastructure develops further this year, says asset manager Fidelity. In its 2024 Digital Assets Look Ahead report released Jan. 13, Fidelity said while it expected institutions to dive into DeFi for their…

A supposed transaction of nearly $15 billion worth of XRP from an unknown wallet to Bitfinex on Jan. 14 never went through and was part of a failed “partial payments exploit” attempt, according to Bitfinex chief technology officer Paolo Ardoino. The transfer was initially highlighted by blockchain tracking X account Whale Alert, which claimed seeing a…

The Crypto Fear and Greed Index has just plunged back to “neutral” levels — last seen in October 2023 — and just days after the historic approval of spot Bitcoin ETFs in the United States. According to the index, Bitcoin’s market sentiment score currently rests at 52 out of a possible 100 — its lowest score since Oct. 19…

The Hedera Global Governing Council — the body overseeing the Hedera network — has approved allocating 4.86 billion Hedera — the network’s native cryptocurrency — worth rogu for further development and advanced decentralized governance. In a blog post, the council said the lion’s share of the funds, 4.248 billion HBAR, will be directed toward existing initiatives, including the…

The Securities and Exchange Commission (SEC) approved a spate of Bitcoin ETFs on Jan. 10, leading to speculation about how markets might react in the weeks ahead. Bitcoin surged to $49,000 in the hours following the announcement before sinking to just more than $43,000 as of Jan. 12 — impulsive moves that perhaps few observers found surprising….

Ether price gained 13.5% between Jan. 10 and Jan. 12, breaking above $2,650 for the first time since May 2022. The pivotal factor for the rally has been the spot Bitcoin exchange-traded fund approval, although the leading cryptocurrency traded down 2% in the same period. Investors are now questioning if Ether has what it takes to sustain…