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Bloomberg analysts expect 'a wave of cryptocurrency ETFs' next year, including Solana and XRP funds
Bloomberg analysts expect 'a wave of cryptocurrency ETFs' next year, including Solana and XRP funds

Bloomberg analysts Eric Balchunas and James Seyffart are expecting a wave of new cryptocurrency-based ETFs next year after leadership takes over at the SEC.Both predict that a host of new ETFs could launch including a bitcoin and ether combo ETF, Litecoin and HBAR funds, and then eventually spot funds for Solana and XRP.

The Block·2024/12/17 20:01
ENS picks Linea to develop 'Namechain' Layer 2 network
ENS picks Linea to develop 'Namechain' Layer 2 network

Quick Take Ethereum Name Service will use Linea’s technology to develop its own Layer 2 network called Namechain.

The Block·2024/12/17 16:00
Polygon rejects proposal to use over $1 billion of bridge stablecoins for yield generation
Polygon rejects proposal to use over $1 billion of bridge stablecoins for yield generation

Quick Take Polygon community members rejected a preliminary proposal to deploy over $1 billion in stablecoin from the PoS Chain bridge for yield generation. Following community feedback, Polygon acknowledged these concerns and decided not to advance the proposal but remained open to exploring innovative ideas in the future.

The Block·2024/12/17 16:00
Trump-backed World Liberty Financial and Ethena eye collaboration starting with sUSDe implementation
Trump-backed World Liberty Financial and Ethena eye collaboration starting with sUSDe implementation

Quick Take Donald Trump-backed DeFi platform World Liberty Financial and Ethena are planning a “long-term collaboration” starting with implementing the yield-bearing token, sUSDe. World Liberty Financial’s governance will be asked to decide on the implementation this week.

The Block·2024/12/17 16:00
Meme Coins Flounder Despite Bitcoin’s Bull Run: Investor Outlook
Meme Coins Flounder Despite Bitcoin’s Bull Run: Investor Outlook

Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance. Bitcoin reaches a new all-time high, trading at $107,487. The market outlook for meme coins remains uncertain, with the potential for further decline.

CoinEdition·2024/12/17 16:00
Wallet provider Exodus stock rallies 37% on NYSE American debut
Wallet provider Exodus stock rallies 37% on NYSE American debut

Quick Take Exodus Movement’s stock was listed on the New York Stock Exchange sister company, NYSE American, on Wednesday. EXOD stock is up over 37% as the trading day ends.

The Block·2024/12/17 16:00
'We're not allowed to own bitcoin,' Fed Chair Powell says in light of Trump's strategic bitcoin reserve promise
'We're not allowed to own bitcoin,' Fed Chair Powell says in light of Trump's strategic bitcoin reserve promise

Quick Take “We’re not allowed to own bitcoin,” Federal Reserve Chair Jerome Powell said during a news conference on Wednesday. In Congress, Sen. Cynthia Lummis, R-Wyo., has a draft bill circulating that would direct the U.S. Treasury to buy one million bitcoin over a period of five years.

The Block·2024/12/17 16:00
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