DeFI News by Thebittimes.Com

A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins It remains to be seen whether the US will match similar regulatory frameworks like Europe’s MiCA The rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends US President-elect Donald Trump is taking office today with his incoming administration making significant promises for the crypto industry. After years of battling with the US Securities and Exchange Commission (SEC) under outgoing US President Joe Biden’s administration, the crypto market is beginning to feel hopeful. Even before entering the White House, a shift has already taken place with the appointment of crypto-friendly candidates including Paul Atkins as the next SEC Chair and crypto czar David Sacks. Trump is also, reportedly, going to sign an executive order making crypto a priority under his leade...

The Peanut the Squirrel price climbed 3% in the last 24 hours to trade at $0.6816 as of 2.20 a.m. EST on trading volume that skyrocketed 105% to $800.18 million. Following the recent crypto price drop that took place last week, PNUT ended up having its value cut in half, going from $1.1163 to the support at $0.60. Then, over the weekend, the popular meme coin started a recovery that at one point took it back up nearly to $0.80. However, the resistance was strong enough to reject its price, which stopped at $0.65. Since then, the token has climbed back to $0.68 and is currently just under a smaller resistance at $0.70. However, while the rest of the crypto industry is still in the red on the 24-hour chart, 1-hour charts are showing that the new week is starting with a small recovery before Christmas. Peanut the Squirrel Price Prediction The PNUT price saw a strong price dip in the last 18 hours or so, but its value is already making an attempt at recovery, as mentioned previously. ...

Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto” Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador Trump’s post comes less than a week before the US election results are in Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper. Posting on X, Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding: “We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.” On October 31, the mysterious creator of Bitcoin, Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System, which would change how we view money. Detailing how the current financial system works, the...

Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case. Specifically, the SEC’s legal team has filed a Notice of Appeal of District Judge Analisa Torres’s final ruling from August 7, 2024, according to the court document shared by James K. Filan, a defense attorney and former federal prosecutor, in an X post on October 2. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling. pic.twitter.com/j8bLIZQ5LT — James K. Filan (@FilanLaw) October 2, 2024 Ripple v. SEC final ruling As a reminder, Judge Torres issued at the time the final judgment in the Ripple v. SEC case, ordering the blockchain company to pay a $125 million penalty for the institutional sales of XRP (XRP), which was much lower than...

Top10 News 1、Fed raises rates by 75bps, U.S. unemployment and nonfarm payrolls were both higher than expected in October This week, fed as scheduled to raise interest rates 75bps, Powell three key remarks: it is too early to consider stopping interest rate increases, the terminal rate will be higher than expected, the economy is likely to have a hard landing. In addition, U.S. unemployment and nonfarm payrolls were both higher than expected in October. 2、The Hong Kong Securities and Futures Commission (SFC):  Circular on Virtual Asset Futures Exchange Traded Funds link Hong Kong's Securities and Futures Commission (SFC) has issued a Notice on Virtual Asset Futures Exchange-Traded Funds (ETFs), setting out new rules for issuers of cryptocurrency futures ETFs. Specific contents include: the ETF management company shall have a good regulatory compliance record and demonstrate a performance record of at least three years; The issuer needs to prove that the virtual asset ETF has suffici...

The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.” Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen, Circle’s EU policy head, made it clear that with the EU now bringing regulatory clarity to the stablecoin market , a “move from speculation to utility” can finally happen for crypto. He added that the with the euro being the second-most used currency worldwide, the incentives for users to adopt euro stablecoins will now only grow, and said we now have “a regulated path for stablecoins in Europe.” The comment was shared on Twitter by Teana Baker-Taylor, Vice President of Policy & Regulatory Strategy at Circle: Circle launched its euro stablecoin, Euro Coin (EUROC) as an Ethereum-based ERC-20 token in already in June, and is now well-po...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, a cryptocurrency exchange, has created a loan scheme through its mining pool to assist cryptocurrency miners. The coin trading platform announced the endeavor this week and also revealed that Binance Pool plans to introduce cloud mining solutions. Biggest Exchange Binance Looking to Aid Bitcoin Miners amid Hard Times for the Crypto Industry The world’s largest cryptocurrency exchange by daily trading volume, Binance, has revealed plans to offer financial assistance to businesses engaged in cryptocurrency extraction. The platform’s mining pool recently launched the lending project. As part of initiatives to support the mining industry, the program will assist infrastructure providers and bitcoin mining. The exchange stated: “Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem as one of the world’s top crypto mining pools.” Binance Pool i...

According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of macroeconomic events have influenced the crypto market, and Dappradar researchers say it’s currently “impossible to foresee a worldwide expansion of cryptocurrencies without a general recovery in conventional financial markets.” Dappradar Report Highlights Crypto Economy’s Slow but Steady Recovery The crypto industry is still dealing with the crypto winter and the latest report from Dappradar indicates that markets and participants are trucking through the storm. For instance, following the Terra collapse, the decentralized finance (defi) and decentralized app (dapp) industry has consolidated after taking heavy losses. Dappradar’s report shows that bitcoin (BTC) and ethereum (ETH) have remained roughly around the same price sin...