Crypto Weekly Roundup: Bitcoin All-Time High, Ethereum Civil War, & More
The post Crypto Weekly Roundup: Bitcoin All-Time High, Ethereum Civil War, & More appeared on BitcoinEthereumNews.com.
It was a noteworthy week for crypto, as Bitcoin hit an all-time high of over $109,000 after a 10% rally on the eve of President Trump’s inauguration. However, Ethereum continues to struggle, with growing internal discord over leadership. This week also marks momentous changes in leadership of regulatory bodies like Gensler’s resignation and the formation of a new crypto task force. Find out more. Bitcoin El Salvador has continued strengthening its Bitcoin reserves by purchasing 12 additional Bitcoin over two days, even after finalizing a $1.4 billion agreement with the International Monetary Fund (IMF). In early trading, the Bitcoin price rallied 10% to get above $109,000 on Monday in a short time span of around eight hours, just before the inauguration of President Donald Trump. Italian banking giant Intesa Sanpaolo has taken its first cautious steps in Bitcoin trading by purchasing $1 million worth of the crypto as a strategic test to meet client demand. Ethereum There is agitation fermenting in the Ethereum community over criticisms of the leadership of the Ethereum Foundation and its financial management, leading to calls for a “wartime CEO” and proposals for alternative organizational structures. DeFi Among innovators tackling interoperability while focusing on simplicity and usability, Agoric is leveraging its unique Orchestration framework to turn the vision of seamless cross-chain experiences into reality. Sei Network-based (SEI) community-led decentralized finance (DeFi) platform Jellyverse is launching its own synthetic assets protocol, jAssets, which will allow users to mint their own synthetic asset tokens and track the value of traditional assets. Altcoins Melania Trump’s introduction of a meme coin has sparked conversations about the broader cryptocurrency market, drawing attention to innovative projects such as Lightchain AI. Amid the alarming rate of pump-and-dump schemes in the crypto market, Murad Mahmudov asked degen investors to look out for “slow cooks”…
Filed under: News - @ January 26, 2025 9:22 pm