XRP inches closer to overtaking ETH, Crypto inaugural Ball, Trump’s first-day Executive Orders and more in this Week in Review.
Will XRP Overtaking ETH, Crypto Inaugural Ball, and More — Week in Review
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Week in Review
XRP’s price surge this week brings it closer to overtaking Ethereum. The U.S. crypto scene is abuzz with the inaugural Crypto Ball, celebrating President-elect Trump’s pro- crypto agenda. Reports suggest Trump’s first-day executive orders could target Biden-era crypto policies, hinting at a regulatory overhaul. In El Salvador, Tether plans to relocate after securing a stablecoin issuer license. Lastly, Sony’s Ethereum Layer 2, Soneium, faces user pushback after trying to block meme coins.
XRP Inches Closer to Overtaking Ethereum
On Wednesday, XRP climbed to an intraday peak of $2.895 and, as of press time, is trading at $2.87 per unit, reflecting an… read more.
Editor’s comment: After having been on the side threatening to overtake an incumbent, ETH maxis are getting to experience how it feels to be on the receiving end of this dynamic!
Crypto Ball: Inaugural Gala Signals a New Dawn for US Crypto Leadership
Crypto giants are rallying at the inaugural Crypto Ball, energized by President-elect Trump’s pro- crypto agenda and plans to… read more.
Editor’s comment: Many of the crypto leaders who helped Trump win the U.S. Presidential election in definitive fashion, are not done yet. This ball serves as a rallying cry to keep the momentum going.
Report: Trump’s First-Day Executive Orders to Target Biden’s Crypto Policies
The incoming Trump administration appears poised to orchestrate a significant shift in U.S. cryptocurrency policy, signaling… read more.
Editor’s comment: I am eagerly, if not nervously, awaiting Trump’s first 100 days. I hope he is able to address crypto in addition to the many other issues vying for his attention.
Tether Relocating to El Salvador After Receiving Stablecoin Issuer License
Tether, the company behind USDT, has announced its imminent relocation to El Salvador after receiving a stablecoin… read more.
Editor’s comment: This doesn’t seem bad at all. Be skeptical of FUD about this story. Tether has allies in Trump’s admin, and no matter where Tether is based, the U.S. government will always exert a controlling influence over any U.S. dollar-based stablecoin issuer.
Users Circumvent Sony’s Soneium Controversial Block on Meme Coins
Soneium, Sony’s Ethereum Layer 2 platform, attempted to block meme coins as part of its official policy to curb unauthorized… read more.
Editor’s comment: This is a fascinating example of how the architecture of blockchains are important. Well worth understanding the storyline of this story.
