Welcome to this week’s crypto digest, where the ever-evolving landscape of digital assets continues to captivate markets and regulators alike. As altseason approaches, CryptoQuant’s CEO cautions that the next phase may not align with widespread expectations, suggesting a more nuanced market shift. Meanwhile, former President Trump has made waves by appointing Paul Atkins, a known crypto advocate, as the new SEC Chairman, signaling potential changes in regulatory stances. Ethereum’s Justin Drake remains unperturbed by Solana’s rise, asserting that the blockchain’s “golden era” may soon come to an end. In a noteworthy development, the U.S. Treasury has recognized Bitcoin as “digital gold” in its latest fiscal report, underscoring its growing role as a store of value. Additionally, White House crypto czar David Sacks reveals his long-standing commitment to Bitcoin, having invested in the asset over a decade ago. This week’s headlines highlight the intersection of innovation, regulation, and market dynamics shaping the crypto space.
Review of the past week:
| December 3, 2024 |
The CEO of Cryptoquant believes that this altseason will not be what everyone expected. It promises to be weird and complicated. Only the chosen ones will win. Despite the good market mood, there is practically no fresh liquidity. Read more |
| December 4, 2024 |
Trump picks crypto backer Paul Atkins as new Securities and Exchange Commission chair. President-elect Donald Trump said he has picked former Securities and Exchange Commissioner Paul Atkins to head the agency, according to a post he made on Truth Social on Wednesday. Read more |
| December 4, 2024 |
Ethereum’s Justin Drake Sees No Threat From Solana, Says Its ‘Golden Era’ Will End. Ethereum developer Justin Drake said his comprehensive proposal to overhaul the second-largest blockchain’s consensus layer isn’t about catching up with a rival, it’s about sticking around for the long haul. Read more |
| December 7, 2024 |
US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report. On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the Treasury and the Office of Debt Management, includes a section titled “Trends in digit asset growth and usage.” Read more |
| December 8, 2024 |
White House Crypto Czar David Sacks invested in Bitcoin over a decade ago. David Sacks, Trump’s pick as the White House AI and Crypto Czar started buying Bitcoin in 2013.His stake in the crypto industry has enthusiasts hopeful for clearer rules for digital assets. Read more |
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