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Crypto News Digest by U.Today

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…

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Galaxy CEO predicts Bitcoin market cap will overtake gold in 5 to 8 years

Galaxy Digital founder and CEO Mike Novogratz believes Bitcoin (BTC) could match and eventually surpass gold’s market capitalization within five to eight years, following the crypto’s record-breaking momentum. Novogratz made the prediction in response to a post by Alex Thorn, head of research at Galaxy, which highlighted that Bitcoin’s market cap has reached 14% of…

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Ethereum’s culture clash: Dissent, decentralization and progress

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The Ethereum community is at a cultural crossroads as heated reactions to prominent contributor Max Resnick’s departure reveal deeper tensions around governance and dissent. Resnick’s critiques of Ethereum’s governance and scalability approach drew overwhelmingly negative reactions, including accusations of being a “Solana…

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Bloomberg Analysts Predict Litecoin and Hedera ETFs May Launch Before Solana and XRP ETFs

Recently, Bloomberg analysts, Eric Balchunas and James Seyffart, have predicted that the Litecoin and Hedera ETFs could launch before the Solana and XRP ETFs. Notably, they expect the SEC to first approve Bitcoin and Ethereum combo ETFs. Bitwise, Franklin Templeton, and Hashdex have all filed to offer these dual ETFs. These analysts predict the next…

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How Pre-2022 Cryptocurrency Gains Are Now Classified for Tax Purposes

– Advertisement – ITAT ruled pre-2022 cryptocurrency gains as capital assets, subjecting profits to capital gains tax with applicable deductions. Profits from cryptocurrency sales before April 2022 qualify for long-term capital gains if held for over three years. Post-April 2022, cryptocurrency gains face a flat 30% tax rate without deductions, under new Virtual Digital Asset…

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Metaplanet issues 4.5 billion Yen bonds for Bitcoin

Metaplanet Inc., has issued ¥4.5 billion ($30 million) in zero-interest bonds to accelerate its Bitcoin acquisition, strengthening its position as Asia’s largest corporate Bitcoin holder and increasing investors with plans for future bond issuances and Bitcoin-based shareholder rewards. Metaplanet Inc., often referred to as the “Japanese MicroStrategy,” has announced the issuance of ¥4.5 billion (approximately…

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BlockDAG’s DAG-Chain Gains Momentum with $1 Target – WIF Holds Firm and BONK Fuels 2025 Optimism

The crypto market is buzzing with developments as the industry gears up for 2025. Dogwifhat (WIF) price has shown resilience amid selling pressure, while the BONK price prediction fuels excitement for a potential breakout in the meme coin sector. Among these, BlockDAG (BDAG) is emerging as a standout with its DAG technology and strong presale…

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Top Solana Ecosystem Tokens Poised for Explosive Growth in 2025

Luna Classic’s (LUNC) revival post-UST collapse highlights Terra Classic’s resilience under the Ecosystem Revival Plan 2. Wormhole enables seamless multichain interoperability, securing $40B+ in cross-chain transfers across 30+ blockchains. The Graph simplifies blockchain indexing with 3K+ subgraphs, empowering apps like Uniswap and Aave to access decentralized data. The Solana ecosystem hosts some of the most…

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Senator Lummis Promotes Bitcoin Reserve Policies

Wyoming Senator Cynthia Lummis has expressed strong support for the new administration’s approach to cryptocurrency, particularly highlighting the importance of Bitcoin reserves. Lummis believes that the year 2025 will be pivotal for the cryptocurrency landscape, with David Sacks stepping in as the administration’s ‘Crypto Czar’ significantly influencing this trajectory. Why is Bitcoin Reserve Policy Vital?…

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Ether.fi Enhances Security for OpenLedger’s AI Models

December 18, 2024 at 03:50 AM GST updated: December 18, 2024 at 12:56 AM 2 mins read News OpenLedger’s AI blockchain integrates Ether.fi’s $6B restaking protocol. Partnership follows OpenLedger’s successful $8M funding round. Ether.fi and OpenLedger to enhance AI model scalability and security. An innovative blockchain platform, OpenLedger, focused on AI data solutions, has announced…

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Ripple’s Legal Chief Calls Out SEC for Questionable Practices

Ripple and its native token, XRP, have been at the forefront of significant developments shaping the cryptocurrency landscape in late 2024. From Ripple’s Chief Legal Officer, Stuart Alderoty, criticizing the US Securities and Exchange Commission’s (SEC) regulatory tactics to XRP experiencing a historic rally fueled by political shifts and ecosystem advancements, the company and its…

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Analyst Reveals: ONDO Coin and These 2 Altcoins Are the Season’s Top Winners

The recent surge of Bitcoin to its all-time high of $107,000 has sparked significant activity in the crypto market, driving a notable increase in altcoin performance. While the market shows upward momentum, certain altcoins have outperformed expectations, breaking records consistently. According to Altcoin Buzz analyst Camille Lemmens, three standout projects – Ondo Finance (ONDO Coin),…

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