Stablecoins, the most traded form of cryptocurrency, have surged past a $200 million market cap. Ripple made headlines with Ondo Finance announcing tokenized treasuries on the XRP Ledger. The ledger will also offer clawback features, enhancing liquidity for Ripple’s dollar-pegged stablecoin RLUSD. CEO Brad Garlinghouse lobbied for XRP inclusion in a national crypto reserve. Cardano rolled out a hard fork, enabling decentralized governance. Avalanche’s December upgrade resulted in a 75% drop in transaction costs. Movement Labs unveiled a developer mainnet ahead of a February L1 launch. Tether, issuer of USDT, reported a $13 billion profit for 2024. MicroStrategy added to its bitcoin holdings and plans to raise more capital. Bitwise won SEC approval for a combined bitcoin-ether ETF and filed for a dogecoin ETF. Grayscale launched a closed-end fund trust for dogecoin exposure. Regulatory news included a class-action lawsuit against Solana’s Pump.fun and a French probe against Binance.
Source: www.coindesk.com















