The cryptocurrency and decentralized finance spaces are rapidly evolving, and it's essential to keep pace with the latest developments and trends. This weekly recap offers a concise and informative overview of the most significant news and trends in the DeFi and crypto world.
Ripple Dollar (RLUSD) Launches with Full Transparency
Ripple has introduced Ripple Dollar (RLUSD), a U.S. dollar-backed stablecoin aimed at enhancing blockchain-based financial solutions. Officially launched on December 17, 2024, RLUSD is available on exchanges like Uphold, Bitso, and CoinMENA, with plans for further expansion.
Ohio Proposes Bitcoin Reserve Fund
Ohio Republican House leader Derek Merrin has introduced the Ohio Bitcoin Reserve Act, aiming to establish a Bitcoin fund within the state treasury. If passed, the bill would authorize the inclusion of Bitcoin in Ohio's asset allocation, making Ohio the third state to propose such legislation this month.
Investigations and New Crypto Market Ventures
A UK court sentenced Dr. Craig Wright to a one-year suspended sentence for contempt. Meanwhile, Bitwise launched a Solana staking ETP in Europe, and Nigeria unveiled a major tax scam bust with 792 arrests.
The week was eventful for the crypto industry, with significant developments and investigations illustrating the growth and diversity of cryptocurrency and DeFi applications.
