The rapidly changing world of DeFi and crypto requires constant updates. We provide a concise overview of the key events and trends from the past week.
Ripple Dollar Launch and Its Impact
Ripple has launched Ripple Dollar (RLUSD), a new U.S. dollar-backed stablecoin. Officially launched on December 17, 2024, RLUSD is available on exchanges like Uphold, Bitso, and CoinMENA. Future plans include its role in tokenized assets and leveraging Ripple’s global payment network to drive adoption.
Bitcoin Reserve Bill in Ohio
Ohio Republican House leader Derek Merrin has introduced the Ohio Bitcoin Reserve Act (HB 703), aiming to establish a Bitcoin fund within the state treasury. If passed, the bill would authorize the state treasurer to include Bitcoin in Ohio's asset allocation. Ohio becomes the third U.S. state to propose such legislation this month.
Craig Wright's Sentencing
Dr. Craig Wright, the self-declared inventor of Bitcoin, received a one-year suspended prison sentence from a UK court for contempt of court. He is required to pay a £145,000 fine within two weeks. His refusal to attend court hearings and insistence on covering costs of £240,000 were cited as key factors in the ruling.
The past week has brought significant events in the crypto world, which could influence its development in the near future.
