Crypto News

MoonPay president Keith Grossman has offered a thought-provoking perspective on the future of meme coins, suggesting they will return in a different form despite current market skepticism. According to Grossman, the real innovation behind meme coins lies not in their humorous branding but in their ability to tokenize attention easily and at low cost.

Bitcoin's 7-day moving average of active addresses has declined to approximately 660,000, marking the lowest level observed in the past 12 months. This significant drop in on-chain activity comes alongside a notable decrease in daily miner revenue, which has fallen from around $50 million during the third quarter to roughly $40 million at present.

JPMorgan Chase is set to launch MONY, an Ethereum-based tokenized money market fund, marking one of the most significant moves by a traditional banking giant into public blockchain infrastructure. The bank will seed the fund with $100 million of its own capital, demonstrating substantial institutional commitment to the initiative.

Bitcoin's network hashrate experienced a sudden and significant drop of approximately 10% within a single day after roughly 400,000 mining machines went offline in China's Xinjiang region, according to Jianping Kong, former co-chairman of major mining hardware manufacturer Canaan. This represents the most substantial hashrate decline since the Bitcoin halving event in April 2024, when mining rewards were cut in half and forced less efficient operations to shut down.

Michael Saylor's Strategy has once again made headlines with another substantial Bitcoin purchase, acquiring nearly $1 billion worth of the leading cryptocurrency. However, the timing proved challenging as Bitcoin's price subsequently fell approximately 4%, highlighting the inherent volatility that continues to characterize digital asset markets.

The Securities and Exchange Commission (SEC) has issued a no-action letter to the Depository Trust & Clearing Corporation (DTCC), effectively signaling that the regulator will not pursue enforcement action against the clearinghouse giant for integrating tokenized assets into its existing market infrastructure.

US President Donald Trump has indicated a potential review of the legal case against Samourai Wallet developers, as calls for their pardon intensify from the crypto community. This signal aligns with Trump's pro-crypto stance, raising hopes for leniency in a high-profile case involving Bitcoin privacy tools and allegations of money laundering.

US SEC Commissioner Hester Peirce has advocated for privacy as the default standard in cryptocurrency, stating, "Privacy should be the norm." Her remarks, delivered at the Crypto Task Force Roundtable on Financial Surveillance and Privacy, highlight the tension between regulatory oversight and user rights in the evolving digital asset landscape.

Strategy (MSTR), led by Bitcoin advocate Michael Saylor, will continue its inclusion in the prestigious Nasdaq 100 index, defying earlier speculation of removal. This decision underscores the company's growing influence as a Bitcoin treasury play and its strong market performance, potentially boosting investor confidence in crypto-linked stocks.

Ethereum co-founder Vitalik Buterin has advocated for using zero-knowledge (ZK) proofs to verify every decision made by algorithms, emphasizing onchain timestamps and delayed code release as essential for transparency. In a recent post on X (formerly Twitter), Buterin outlined these measures to enhance trust in AI and blockchain systems, addressing growing concerns over opaque decision-making in tech.