Crypto News

The Nasdaq exchange has announced its yearly reshuffling of the top 100 largest non-financial companies by market capitalisation and will add MicroStrategy to the list for the first time. The growth in MicroStrategy’s stock price, fueled by Bitcoin’s positive performance, has ballooned its market value, allowing it to qualify for inclusion. MicroStrategy’s stock will be exposed to passive investment opportunities by being included in Invesco’s QQQ and other ETFs that invest in the Nasdaq’s top companies. The Nasdaq 100 index tracks the 100 largest companies on the Nasdaq exchange. The companies included are usually recipients of passive fund flows from popular ETFs. With a market capitalisation of $97.94 billion, MicroStrategy is the 40th largest company on the Nasdaq exchange, largely due to its massive Bitcoin treasury. The company’s share price has risen 505% since the start of the year, ballooning its market capitalisation from roughly $15 billion on Jan. 2 2024 to its curre...

The crypto market has witnessed a number of tokens rallying toward new all-time highs (ATHs), including notable players like Bitcoin (BTC) and Tron (TRX). Despite some setbacks, such as the US government transferring nearly $2 billion worth of Bitcoin, BTC has remained resilient, triggering a massive impulsive move that saw it reach an ATH of $104,698. While Tron (TRX) hit its own milestone of $0.4485, new players like Rexas Finance (RXS), Solana (SOL), and XRP are gaining traction and vying for the spotlight.  Rexas Finance: RXS Transforming Real-World Asset Investments Rexas Finance is revolutionizing real-world asset (RWA) tokenization by bridging traditional investments with blockchain technology. Its platform enables users to tokenize and trade assets such as real estate, commodities, and collectibles, offering unprecedented access and liquidity. The Rexas Token Builder is the heart of this ecosystem, empowering users to tokenize assets with ease. Through this tool, users c...

iDEGEN is racing through its presale with more than $5 million raised as the AI agents market attracts the attention of global asset manager Franklin Templeton. With some of the top performing tokens in the market this past few months being AI meme coins, is iDEGEN worth a look? Investors eye AI gems The ai16z token’s pump in the past week, coupled with the massive rally that elevated the Terminal of Truths’ viral Goateus Maximus (GOAT), is driving attention to AI agents. According to a post by Franklin Templeton, AI agents are “interesting.” AI Agents. Interesting…… — Franklin Templeton Digital Assets (@FTDA_US) December 13, 2024 Crypto and analytics firm Messari also holds this same outlook for AI agents. If not sure what the buzz is all about, then the next phase of trending cryptocurrencies is AI agents. After AI meme coins’ dominance earlier in the year, its AI agents that are the new crypto buzz. Powerful and autonomous agents are the crypto market’s top segment in cr...

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress. Republican Hill won the race on December 12 against representatives Andy Barr of Kentucky, Bill Huizenga of Michigan, and Frank Lucas of Oklahoma, all of whom are friendly toward crypto. In a statement following his win, Hill said he was “humbled” to become the next Chair of the House Financial Services Committee. He added that he was looking forward to working “with President Trump and Senate Banking Committee Chairman Tim Scott to bring common-sense economic policies that will produce a new era of American prosperity shared by all our citizens across our land.” Hill will take over the position from the current Cha...

Avalanche has raised $250 million from Galaxy Digital, Dragonfly and ParaFi Capital among other investors. The token sale comes as Avalanche nears the mainnet launch of its layer-1 blockchain upgrade. Avalanche has secured $250 million in a token sale fundraiser as the layer-1 blockchain looks to bring its upgrade to market. Galaxy Digital, Dragonfly, and ParaFi Capital led the blockchain project’s fundraiser, with more than 40 investment firms participating. They include SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, and Morgan Creek Digital. Per an announcement on Dec. 12, other backers of the round include FinTech Collective, CMCC Global, Superscrypt, Cadenza, Chorus One, and Tané Labs. Avalanche9000 upgrade The locked token sale comes a few weeks after Avalanche9000 , the project’s highly anticipated upgrade launched in a testnet. Avalanche is looking to make transactions and deployment of applications on the L1 cheaper ...

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed. The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg . Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request. Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.” No date has been set for her renomination. Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination. In a letter to Brown and Senate B...

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations. The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations. The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia. Bit Trade failed to comply with regulations In August this year, the court ruled in favour of the Austr...