The former head of Meta’s (previously Facebook) blockchain payments solution, Diem, has revealed the project ended after insurmountable political pressure from United States regulators. “There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill, one that was executed through intimidation of captive…

Ripple’s XRP token flipped Solana’s market capitalization for the first time during the current market cycle on Dec. 1, making XRP the fourth-largest cryptocurrency by market cap. According to data from CoinMarketCap, XRP currently has a market cap of over $122 billion at the time of this writing, compared to Solana’s $111.9 billion. Ripple’s native…

Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season. Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data. The asset management giant’s portfolio increase was primarily driven by…

Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community. At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The…

Ether is forming a convincing pattern on the price chart, signaling a potential surge of up to 97% within the next four months, according to a crypto analyst. “ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto analyst venturefounder…

Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations. On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline. Per the previous…

Synthetic dollar protocol Ethena Labs and tokenization platform Securitize have submitted a joint proposal to feature Ethena’s USDtb stablecoin in Spark’s $1 billion Tokenization Grand Prix. The competition seeks to onboard real-world assets (RWAs) to decentralized finance by offering liquidity to selected participants. As part of the proposal, Ethena has included the introduction of a…

Decentralized exchange Curve has joined with blockchain network Elixir to expand access to decentralized finance (DeFi) for BlackRock’s tokenized money market fund, Curve said on Nov. 29. Token holders will soon be able to mint Elixer’s yield-bearing stablecoin, deUSD, against BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Curve said. They can then swap deUSD for other…

The Ethereum ecosystem is seeing increasing value growth, showing more investor interest in Ethereum-native assets. Ethereum layer-2 (L2) networks have reached a new all-time high of more than $51.5 billion in cumulative total value locked (TVL). This marks an over 205% increase in cumulative TVL, from just $16.6 billion in November 2023, L2beat data shows. L2…

Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub. The proposal, currently open for a six-week consultation, also includes exemptions for investments in private credit, overseas property and carbon credits, according to a report by the Financial Times….