As DeFi and cryptocurrencies continue to evolve rapidly, staying informed about the latest events and trends is crucial. This weekly recap provides you with key information about major news in DeFi and crypto.
Bitcoin Hits Historic Highs
Bitcoin has reached an all-time high of $103,900, pushing its market capitalization to $2.04 trillion and solidifying its position among global financial giants. The overall crypto market has surged to a record $3.68 trillion, driven by regulatory developments, market trends, and corporate adoption.
Race for Solana ETF
Grayscale Investments has filed with the SEC to convert its Solana Trust into a spot Solana ETF, aiming to list it on the NYSE under the ticker GSOL. This move intensifies competition with firms like 21Shares, Canary Capital, VanEck, and Bitwise, all pursuing similar approvals.
XRP's Surge and Market Impact
XRP hit an all-time high market cap of $142 billion on December 1, surpassing Tether (USDT) to become the third-largest cryptocurrency by market cap. Currently valued at $2.43, its price is at its highest since January 2018.
As the crypto industry continues to transform, events such as Bitcoin and XRP's historic growth and work on new ETFs underline the significance and potential of these digital assets.
